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A framework for economies classification and its application to China's regions

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  • Fei Ge

Abstract

International organizations approach economies classification differently. This investigation aims to explore a classification framework, named as thresholds of economy groupings, to obtain the thresholds for easily classifying economies. The framework is applied to classify provinces in mainland China, and the resulting thresholds provide instructional values reflecting macroeconomic situation. One result is that the average value of the relative gross domestic product per capita is roughly equal to the threshold between groupings 3 and 4 of five ones during 2009–2014, which implies regional disparities and balanced policy requirement in China. Furthermore, dynamic development tracks are described as different kinds of shapes. Las organizaciones internacionales clasifican las economías mediante enfoques diferentes. El objetivo de esta investigación es explorar un marco de clasificación, denominado umbrales de agrupaciones económicas, para obtener los umbrales que permitan clasificar fácilmente las economías. El marco se aplica para clasificar las provincias de la China continental, y los umbrales resultantes proporcionan valores de instrucción que reflejan la situación macroeconómica. Un resultado de este trabajo es que el valor promedio del producto interno bruto relativo per cápita es aproximadamente igual al umbral entre los grupos 3 y 4 de un total de cinco durante el período 2009–2014, lo que implica disparidades regionales y la necesidad de una política equilibrada en China. Además, las pistas de desarrollo dinámico se describen como diferentes tipos de formas. 国際機関の経済分類に対するアプローチは異なっている。本稿の目的は、経済を容易に分類するための閾値を得るための分類フレームワーク(経済分類の閾値と呼ぶ)を探索することである。本フレームワークを中国本土の省の分類に適用し、閾値からマクロ経済の状況を反映する参考値が得られる。その結果、2009年~2014年の1人当たり国内総生産の平均値は、5つのグループのうち3と4のグループ間の閾値とほぼ等しくなっており、地域間格差と中国における均衡した政策の必要性が示唆される。さらに、動的な発展の軌跡は異なる種類の形として述べる。

Suggested Citation

  • Fei Ge, 2019. "A framework for economies classification and its application to China's regions," Papers in Regional Science, Wiley Blackwell, vol. 98(3), pages 1335-1358, June.
  • Handle: RePEc:bla:presci:v:98:y:2019:i:3:p:1335-1358
    DOI: 10.1111/pirs.12410
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