Application of Grey Incidence Analysis to China’s Balance of Payments Impact in Financial Crisis
This article studies the incidence of China’s current economic situation with the balance of international payment in the context of US Financial Crisis. After having analyzed several connected relational method, it is most precise to apply Grey Relational theory in view of the small sample, there is smallest error and then we use grey theory which selects representative economic indicator and corresponding indicators with the balance of payments. According to the sampled data from 2005 to 2008, import trade of goods has the higher degree of grey incidence with Chinas GDP, namely 0.7506, compared with the import cargoes trade, the foreign direct investment, China’s outward foreign direct investment. Then it explains the financial crisis’s impact on Chinas international balance of payments, especially on the export of trade in goods. Finally, from the empirical results the article has analyzed the impact of the financial crisis on our national economy, putting forward three enlightenments.
XU Huang-hua
School of Economics & Management, Beijing Jiaotong University, Beijing 100044 P.R.China
国际会议
2009 IEEE International Conference on Grey System and Intelligent Services(2009 IEEE灰色系统与服务科学国际会议)
南京
英文
858-862
2009-10-20（万方平台首次上网日期，不代表论文的发表时间）