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Abstract
The paper analyses the periodical characteristics of the economic development of Shandong Province by using the minimum variation analysis model. The analysis shows that the economic development process of Shandong Province has short, medium and long cycles respectively for 6, 12, 19 years, and the fluctuation of the economic development becomes gentler with time passing by. The fluctuation of macro-control policy, investment and consumption are the main reasons of the economic fluctuation.