How International Financial Crisis Affects Industries in Beijing, Capital City of China
Publish place: International Economics Studies، Vol: 36، Issue: 1
Publish Year: 1389
Type: Journal paper
Language: English
View: 198
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Document National Code:
JR_IESUI-36-1_007
Index date: 19 April 2021
How International Financial Crisis Affects Industries in Beijing, Capital City of China abstract
Beijingâs industrial structure is service-oriented with a high degree of economic openness, and GDP has maintained rapid growth. This paper analyzes the international financial crisis and the impact of Chinaâs anti-crisis policies on Beijingâs economic development as well as its transmission mechanism. Impact Index (excluding seasonal factors) and ARMA Model are employed in the empirical study which involves the crisis affection on output and stability of Beijingâs top ten industries. Such conclusions are revealed: Beijingâs GDP losses more than 10% compared with its potential value the growth rates of over 70% industries are decreasing in Beijing shocks in financial and real estate are intensified. In the anti-crisis process, manufacturing, real estate, scientific research, technical services, geological prospecting, transportation, storage and postal industry have gained significant growing opportunities. JEL Classification: G01, L80
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How International Financial Crisis Affects Industries in Beijing, Capital City of China authors
Yonghong Tu
Renmin University of China, Beijing, China
Ning Yu
Renmin University of China, Beijing, China
Wensheng Dai
Renmin University of China, Beijing, China