GDP Forecasting Model for China’s Provinces Using Nighttime Light Remote Sensing Data

Abstract

In order to promote the economic development of China’s provinces and provide references for the provinces to make effective economic decisions, it is urgent to investigate the trend of province-level economic development. In this study, DMSP/OLS data and NPP/VIIRS data were used to predict economic development. Based on the GDP data of China’s provinces from 1992 to 2016 and the nighttime light remote sensing (NTL) data of corresponding years, we forecast GDP via the linear model (LR model), ARIMA model, ARIMAX model, and SARIMA model. Models were verified against the GDP records from 2017 to 2019. The experimental results showed that the involvement of NTL as exogenous variables led to improved GDP prediction.