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Evaluation of the marine economic development quality in Qingdao based on entropy and grey relational analysis

Author

Listed:
  • Peide Liu
  • Xiaoxiao Liu
  • Hongyu Yang

Abstract

Purpose - Accurately judging the quality of marine economic development is the premise of grasping the level and status of marine economic development. In order to scientifically evaluate the development quality of regional marine economy, the purpose of this paper is to select the marine area of Qingdao as the research object, and construct a marine economic development quality evaluation index system with 16 indicators. Design/methodology/approach - The raw data is normalized by the range conversion method, and the weight of the index is determined by the information entropy model. Further, the grey relational analysis (GRA) method is used to evaluate the quality of marine economic development of Qingdao from 2012 to 2017. Findings - The results show that the marine economic development capacity of Qingdao is with the generally increasing trend, the total marine economy is with on the rising trend, the marine storage and transportation capacity, and marine ecological environment are first decreased, and then increased. The utilization of marine resources is generally decreasing, and the comprehensive management of oceans varies with the changes of environment and economy. Therefore, in view of the development capacity of marine economy, the coordinated development of economy and environment should be carried out. Originality/value - This paper uses the GRA to evaluate the quality of marine economic development and provides a reference for the development of marine economy in Qingdao.

Suggested Citation

  • Peide Liu & Xiaoxiao Liu & Hongyu Yang, 2019. "Evaluation of the marine economic development quality in Qingdao based on entropy and grey relational analysis," Marine Economics and Management, Emerald Group Publishing Limited, vol. 2(1), pages 29-38, April.
  • Handle: RePEc:eme:maempp:maem-08-2019-0005
    DOI: 10.1108/MAEM-08-2019-0005
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