Empirical analysis refers to excluding subjective value judgments, only objectively analyzing economic phenomena, economic behaviors or economic activities and their development trends, and only considering the laws of economic things, and analyzing and predicting the effects of people's economic behaviors according to these laws.
In short, empirical analysis is a research method to analyze the "what" of economic problems. Focus on how the economic system operates, analyze the process, consequences and direction of economic activities, regardless of whether the results of operation are desirable. The empirical analysis method is to describe, explain or explain the observed facts under certain assumptions, considering the causal relationship between related economic variables, and predict the situation of related phenomena. Objective facts are the criteria for testing the conclusions drawn from empirical analysis.