Impact of US financial crisis on different countries: Based on the method of functional analysis of variance

Wen Long; Nan Li; Huiwen Wang; Siwei Cheng

doi:10.1016/j.procs.2012.04.141

Impact of US financial crisis on different countries: Based on the method of functional analysis of variance

Wen Long^*
, Nan Li
, Huiwen Wang
, Siwei Cheng

^*Corresponding author for this work

School of Economics and Management

University of Chinese Academy of Sciences
Chinese Academy of Sciences
Beihang University

Research output: Contribution to journal › Conference article › peer-review

12 Scopus citations

Abstract

During the entire period of the 2007-2009 global financial crisis, different types of countries showed different characteristics on their economic development process. Comparing the economic development process between different types of countries contributes a lot to get an in-depth understanding of the different impacts of the crisis on national economy. In this paper, the method of Functional Analysis of Variance (FANOVA) is applied to make a comparative study on the economic development process of different types of countries, including the differences on the economic growth rate, the time of the economy recession, the extent of the recession and the recovery situation of the economy. Moreover, the paper performs a dynamic test on the significance of the difference on the economic growth rate during the whole stage.

Original language	English
Pages (from-to)	1292-1298
Number of pages	7
Journal	Procedia Computer Science
Volume	9
DOIs	https://doi.org/10.1016/j.procs.2012.04.141
State	Published - 2012
Event	12th Annual International Conference on Computational Science, ICCS 2012 - Omaha, NB, United States Duration: 4 Jun 2012 → 6 Jun 2012

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth

Keywords

Developed countries
Economic development
Emerging market countries
Financial crisis
Functional Analysis of Variance

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10.1016/j.procs.2012.04.141

Cite this

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title = "Impact of US financial crisis on different countries: Based on the method of functional analysis of variance",

abstract = "During the entire period of the 2007-2009 global financial crisis, different types of countries showed different characteristics on their economic development process. Comparing the economic development process between different types of countries contributes a lot to get an in-depth understanding of the different impacts of the crisis on national economy. In this paper, the method of Functional Analysis of Variance (FANOVA) is applied to make a comparative study on the economic development process of different types of countries, including the differences on the economic growth rate, the time of the economy recession, the extent of the recession and the recovery situation of the economy. Moreover, the paper performs a dynamic test on the significance of the difference on the economic growth rate during the whole stage.",

keywords = "Developed countries, Economic development, Emerging market countries, Financial crisis, Functional Analysis of Variance",

author = "Wen Long and Nan Li and Huiwen Wang and Siwei Cheng",

year = "2012",

doi = "10.1016/j.procs.2012.04.141",

language = "英语",

volume = "9",

pages = "1292--1298",

journal = "Procedia Computer Science",

issn = "1877-0509",

publisher = "Elsevier B.V.",

note = "12th Annual International Conference on Computational Science, ICCS 2012 ; Conference date: 04-06-2012 Through 06-06-2012",

}

TY - JOUR

T1 - Impact of US financial crisis on different countries

T2 - 12th Annual International Conference on Computational Science, ICCS 2012

AU - Long, Wen

AU - Li, Nan

AU - Wang, Huiwen

AU - Cheng, Siwei

PY - 2012

Y1 - 2012

N2 - During the entire period of the 2007-2009 global financial crisis, different types of countries showed different characteristics on their economic development process. Comparing the economic development process between different types of countries contributes a lot to get an in-depth understanding of the different impacts of the crisis on national economy. In this paper, the method of Functional Analysis of Variance (FANOVA) is applied to make a comparative study on the economic development process of different types of countries, including the differences on the economic growth rate, the time of the economy recession, the extent of the recession and the recovery situation of the economy. Moreover, the paper performs a dynamic test on the significance of the difference on the economic growth rate during the whole stage.

AB - During the entire period of the 2007-2009 global financial crisis, different types of countries showed different characteristics on their economic development process. Comparing the economic development process between different types of countries contributes a lot to get an in-depth understanding of the different impacts of the crisis on national economy. In this paper, the method of Functional Analysis of Variance (FANOVA) is applied to make a comparative study on the economic development process of different types of countries, including the differences on the economic growth rate, the time of the economy recession, the extent of the recession and the recovery situation of the economy. Moreover, the paper performs a dynamic test on the significance of the difference on the economic growth rate during the whole stage.

KW - Developed countries

KW - Economic development

KW - Emerging market countries

KW - Financial crisis

KW - Functional Analysis of Variance

UR - https://www.scopus.com/pages/publications/84896926118

U2 - 10.1016/j.procs.2012.04.141

DO - 10.1016/j.procs.2012.04.141

M3 - 会议文章

AN - SCOPUS:84896926118

SN - 1877-0509

VL - 9

SP - 1292

EP - 1298

JO - Procedia Computer Science

JF - Procedia Computer Science

Y2 - 4 June 2012 through 6 June 2012

ER -

Impact of US financial crisis on different countries: Based on the method of functional analysis of variance

Abstract

UN SDGs

Keywords

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