Complexity theory for the modern Chinese economy from an information entropy perspective: Modeling of economic efficiency and growth potential.

ABSTRACT: Complexity modelling of economic efficiency and growth potential is increasingly essential for countries and provinces. Evaluating the monetary flows, kinetic energy (efficiency) and potential capacity (resilience) provides crucial information for economic development. In the paper, the authors analyze growth opportunities for the Chinese economy from a system science point of view, using the perspective of information entropy, based on the input-output tables. Over the past four decades of reform and opening-up, China has made remarkable progress in its economic development. In 2007, China's GDP was at its fastest pace in history at 14.2% growth. However, after the financial crisis in 2008, the global economy experienced a downward trend and China's economic development also settled on a

SUBMITTER: Yan J 

PROVIDER: S-EPMC6986704 | biostudies-literature | 2020

REPOSITORIES: biostudies-literature