The Structure And Empirical Analysis Of The "Keqiang Index" 2.0 Version

In January 2017,Liaoning province government publicly acknowledged GDP fraud,the news caused great repercussions in the society.The authenticity of the economic data raised the question of the public again.The birth of the "Keqiang index" is in order to eliminate the doubts about government's GDP and restore the country's economic development level more realistically.The "Keqiang index" comes from the method of the prime minister Li Keqiang considering the overall economy of Liaoning province in 2007.It initially contained three basic indicators of industrial electricity consumption,long-term bank lending,railway freight volume.In the government work report of 2015,Li Keqiang changed the three basic indexes to:the R&D input,long-term bank lending and energy intensity.The main work of this paper is to create reasonable and scientific the "Keqiang index version 2.0" in reference to the method and purpose of compiling the first generation the "Keqiang index" by Citibank.The study will first prove that these three indicators can be used to describe the level of economic development through the method of Pearson correlation test and regression theory.Then the initial weights of the three indicators will be determined through three modern comprehensive evaluation methods and the "Keqiang index version 2.0" will be created by using the method of cooperative game.At last the reliability and accuracy of this index will be proved by using the per capita disposable income as a reference benchmark.