Using Grey Relational Analysis with Entropy to Predict the International Financial Center of China

(整期优先)网络出版时间:2017-01-11
/ 1
TheestablishmentoftheChinaPilotFreeTradeZone(FTZ)hassignificantlypromotedinternationaltrade,financialdevelopment,andeconomicgrowth.Buildinginternationalfinancialcenters(IFCs)satisfiesthedemandforFTZstofacilitatefinancialdevelopment,aswellaspromotingeconomicgrowth.Thus,successfullypredictingthenextIFCinChinaundertheFTZframeworkisanimportantissue.Inthisstudy,weappliedgreyrelationalanalysiscombinedwithentropymethodtopredictpotentialIFCsamongsevenFTZcities.Accordingtotheresults,ourinterestingfindingsinclude:1)the'totalstockturnover','totalvalueofimportsandexports',and'ForeignDirectInvestment(FDI)'arekeyindicatorsfordeterminingfutureIFCs;2)amongsevencities,ShenzhenandTianjinarehighlylikelytobecomethenextIFCs,whileShanghaiisalreadyanIFC.