Impact of US financial crisis on Different Countries: Based on the Method of Functional Analysis of Variance

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• 作者：Wen Long^a ; ^b ; ^{longwen@gucas.ac.cn} ; Nan Li^c ; Huiwen Wang^c ; Siwei Cheng^a ; ^b
• 关键词：financial crisis ; developed countries ; Emerging market countries ; economic development ; Functional Analysis of Variance
• 刊名：Procedia Computer Science
• 出版年：2012
• 期刊代码：pc74_18770509
• 类别：cp
• 出版时间：2012
• 卷：9
• 期：Complete
• 页码：1292-1298
• 文件大小：161 K

摘要

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.