Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/6280
Title: An ARIMA-intervention analysis model for the financial crisis in China's manufacturing industry
Authors: Chung, RCP
Ip, WH 
Chan, SL
Keywords: Financial crisis
Intervention
ARIMA
Manufacturing industry
China
Issue Date: 2009
Publisher: SAGE Publications
Source: International journal of engineering business management, 2009, v. 1, no. 1, p. 15-18 How to cite?
Journal: International journal of engineering business management 
Abstract: Triggered by the subprime mortgage crisis in the United States (U.S.), a financial tsunami has spread rapidly around the globe, from the U.S. to Europe and the rest of the world, causing the world economy to enter a recession. China is no exception, and has suffered a sharp reduction in the growth of its export and manufacturing sectors. In this paper, we attempt to model and analyze the impact of financial crisis on the manufacturing industry in China using data collected from March 2005 to November 2008 by the China Statistical Databases of the National Bureau of Statistics of China. The results indicate that China’s manufacturing industry may have to tolerate a significant negative effect caused by the global financial crisis over a period of time, with its gross industrial output value declining continually throughout 2008 and 2009 before reaching a state of equilibrium. The intervention effect is described in this study as temporary but immediate and abrupt. It is found that the ARIMA-Intervention model is more precise at explaining and analyzing the intervention effects of the financial tsunami.
URI: http://hdl.handle.net/10397/6280
EISSN: 1847-9790
DOI: 10.5772/6785
Rights: This work is licensed under the terms of the Creative Commons Attribution 3.0 Unported License (http://creativecommons.org/licenses/by/3.0/)
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