Industry Characteristics, International Payments and Financial Crisis Deepness
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| Title | Industry Characteristics, International Payments and Financial Crisis Deepness
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| Author | Han Liyan；Xie Fei；Hu Ying |
| Organization | School of Economics and Management, Beihang University |
| Email | hanly@buaa.edu.cn,xfbuaa@163.com,huyinghyhy@163.com |
| Key Words | Financial Crisis Degree；Economic Structure；Industry Scale；Balance of International Payments；International Trade Dependence |
| Abstract | Aimed at the financial storm of the year 2007-2008, this article chooses 34 countries around the world, and classifies them into two categories, seriously lost countries and slightly lost countries. We analyze the relationship between the degree to which a country got involved into financial crisis and the following three variables, which are industrial added value/GDP, net adjusted value of capital and finance account / GDP and absolute value of net exports of goods trade in current account / GDP by using logit binary choice pool data model. The empirical results show that the variable industrial added value /GDP is significantly negatively related to the financial crisis degree, whereas the other two variables are significantly positive related to financial crisis degree. |
| Serial Number | WP6 |
| Time | 2010-10-24 |
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