The Indicator Selection and Monitoring Analysis of Growth Rate Cycle in China

Tiemei GAO, Tongbin ZHANG, Xiaofei FAN, Jinming WANG

Journal of Systems Science and Information ›› 2016, Vol. 4 ›› Issue (6) : 505-518.

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Journal of Systems Science and Information ›› 2016, Vol. 4 ›› Issue (6) : 505-518. DOI: 10.21078/JSSI-2016-505-14
Article

The Indicator Selection and Monitoring Analysis of Growth Rate Cycle in China

  • Tiemei GAO1,2, Tongbin ZHANG1,2, Xiaofei FAN3, Jinming WANG4
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Abstract

This paper chooses the monthly real growth rate of industrial added values, which have been released by the China National Bureau of Statistics, as the benchmark indicator. By using the large quantity of collected data, the actual value of indicators is obtained through deflating them by price index. Based on this result, 26 indicators from various areas of the economy are regarded as China's macro economic prosperity indicators via methods such as K-L approach, time difference correlation analysis as well as grading system, which correspond well with the fluctuation of benchmark indicator. Furthermore, this paper analyzes and forecasts the economic growth rate cycle of China by composite index and early warning signal system.

Key words

economic growth rate cycle of China / index selection / composite index / leading composite index / early warning signal system

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Tiemei GAO, Tongbin ZHANG, Xiaofei FAN, Jinming WANG. The Indicator Selection and Monitoring Analysis of Growth Rate Cycle in China. Journal of Systems Science and Information, 2016, 4(6): 505-518 https://doi.org/10.21078/JSSI-2016-505-14

References

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[7] Experts illustrate the economy's bright spots in the first half of the year 2014-micro stimulation and restructuring become effective. China News Net, http://finance.chinanews.com/cj/2014/07-21/6406776.shtml.

Funding

Supported by Natural Science Foundation of China(71303035, 71573105), National Social Science Foundation of China(15CSH024), Major projects of the National Social Science Foundation(15ZDA011)

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