Clustering the countries of the Asia-Pacific by values of inclusive economic growth
The experience of development banks has led to the conclusion that they directly affect economic growth: projects implementation ensures production of goods and services, creates new workplaces. The growth of gross domestic product is not always inclusive and does not guarantee equal accessibility o...
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| Format: | Article |
| Language: | English |
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Publishing House of the State University of Management
2024-03-01
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| Series: | Вестник университета |
| Subjects: | |
| Online Access: | https://vestnik.guu.ru/jour/article/view/5035 |
| _version_ | 1797243636823359488 |
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| author | S. S. Matveevskii L. R. Borisova |
| author_facet | S. S. Matveevskii L. R. Borisova |
| author_sort | S. S. Matveevskii |
| collection | DOAJ |
| description | The experience of development banks has led to the conclusion that they directly affect economic growth: projects implementation ensures production of goods and services, creates new workplaces. The growth of gross domestic product is not always inclusive and does not guarantee equal accessibility of all segments of the population to economic opportunities, education, health care, etc. on a constant basis. The Asian Development Bank (hereinafter referred to as the Bank) purposefully influences inclusive economic growth (hereinafter referred to as IEG) in the countries of the Asia-Pacific (hereinafter referred to as APAC) with the help of its own IEG model and allows assessing public administration, economic growth, social support, using 35 indicators, which contributes to reduction of poverty and inequality. For each country the Bank develops its own strategy of cooperation. The authors conducted a hier-archical clustering of the APAC countries based on the values of 24 IEG indicators of the Bank (for two datasets). The APAC countries in each cluster are characterised by approximately the same general level of IEG. The clustering model provides an opportunity to plan projects and assess their influence on IEG, excludes disadvantages of the so-called composite indices that could describe the IEG of a country or region with one value, compensates potential inaccuracies of the basic data. |
| first_indexed | 2024-04-24T18:58:16Z |
| format | Article |
| id | doaj.art-33d6da3365ac47acaa0016eb13d7f776 |
| institution | Directory Open Access Journal |
| issn | 1816-4277 2686-8415 |
| language | English |
| last_indexed | 2024-04-24T18:58:16Z |
| publishDate | 2024-03-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj.art-33d6da3365ac47acaa0016eb13d7f7762024-03-26T14:23:17ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152024-03-010111212110.26425/1816-4277-2024-1-112-1213005Clustering the countries of the Asia-Pacific by values of inclusive economic growthS. S. Matveevskii0L. R. Borisova1Financial University under the Government of the Russian FederationFinancial University under the Government of the Russian FederationThe experience of development banks has led to the conclusion that they directly affect economic growth: projects implementation ensures production of goods and services, creates new workplaces. The growth of gross domestic product is not always inclusive and does not guarantee equal accessibility of all segments of the population to economic opportunities, education, health care, etc. on a constant basis. The Asian Development Bank (hereinafter referred to as the Bank) purposefully influences inclusive economic growth (hereinafter referred to as IEG) in the countries of the Asia-Pacific (hereinafter referred to as APAC) with the help of its own IEG model and allows assessing public administration, economic growth, social support, using 35 indicators, which contributes to reduction of poverty and inequality. For each country the Bank develops its own strategy of cooperation. The authors conducted a hier-archical clustering of the APAC countries based on the values of 24 IEG indicators of the Bank (for two datasets). The APAC countries in each cluster are characterised by approximately the same general level of IEG. The clustering model provides an opportunity to plan projects and assess their influence on IEG, excludes disadvantages of the so-called composite indices that could describe the IEG of a country or region with one value, compensates potential inaccuracies of the basic data.https://vestnik.guu.ru/jour/article/view/5035development bankasian development bankasia-pacificapacinclusive economic growthiegindicators of iegclusteringclustering modeldendrogram |
| spellingShingle | S. S. Matveevskii L. R. Borisova Clustering the countries of the Asia-Pacific by values of inclusive economic growth Вестник университета development bank asian development bank asia-pacific apac inclusive economic growth ieg indicators of ieg clustering clustering model dendrogram |
| title | Clustering the countries of the Asia-Pacific by values of inclusive economic growth |
| title_full | Clustering the countries of the Asia-Pacific by values of inclusive economic growth |
| title_fullStr | Clustering the countries of the Asia-Pacific by values of inclusive economic growth |
| title_full_unstemmed | Clustering the countries of the Asia-Pacific by values of inclusive economic growth |
| title_short | Clustering the countries of the Asia-Pacific by values of inclusive economic growth |
| title_sort | clustering the countries of the asia pacific by values of inclusive economic growth |
| topic | development bank asian development bank asia-pacific apac inclusive economic growth ieg indicators of ieg clustering clustering model dendrogram |
| url | https://vestnik.guu.ru/jour/article/view/5035 |
| work_keys_str_mv | AT ssmatveevskii clusteringthecountriesoftheasiapacificbyvaluesofinclusiveeconomicgrowth AT lrborisova clusteringthecountriesoftheasiapacificbyvaluesofinclusiveeconomicgrowth |