How Subprime Crisis Affects Guangdong Processing Trade: A Empirical Study
Due to the deepening global financial integration, the subprime crisis exerts some far-reaching effects on regional economies in the short run as well as in the medium term. This paper studies the effects of subprime crisis on exports of Guangdong province using a province level model. In the short run and medium term, the US subprime crisis hits heavily on Guangdong economies through the traditional trade. We identify four channels through which subprime crisis causes changes and find empirical results to support it.
subprime crisis processingtrade guangdong
Liu Yalan Liu Yang
Department of International business, College of Economy and Trade, Hunan University,Hunan, China
国际会议
烟台
英文
841-844
2010-08-06(万方平台首次上网日期,不代表论文的发表时间)