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https://hdl.handle.net/1959.11/16702
Title: | The Global Financial Crisis and its Impact on Emerging Markets: A CGE Assessment | Contributor(s): | Meng, Xianming (author) ; Siriwardana, Mahinda (author); McNeill, Judith (author) | Publication Date: | 2015 | Open Access: | Yes | DOI: | 10.7763/JOEBM.2015.V3.328 | Handle Link: | https://hdl.handle.net/1959.11/16702 | Open Access Link: | http://www.joebm.com/papers/328-M106.pdf | Abstract: | The global financial crisis (GFC) began four years ago, but the world economy is still in its shadow. The sluggishness of the economic recovery in the US and the recurrences of the European debt crises destroy the confidence of investors as well as consumers. "Double dip" appears as a threat from time to time. Under these circumstances, it is imperative to understand fully the impact of the GFC and the effectiveness of various policy responses to it. Using the GTAP model, the GTAP database version 7 and macroeconomic data, this paper will gauge the impact of the GFC on emerging markets. The paper also reports the simulation results assessing the effect of policy responses. By analyzing the simulation results, this paper will shed light on the contributing factors of the GFC and the efficient ways to cope with a large negative economic shock like the GFC. | Publication Type: | Journal Article | Grant Details: | ARC/LP120200192 | Source of Publication: | Journal of Economics, Business and Management, 3(11), p. 1024-1030 | Publisher: | International Association of Computer Science and Information Technology (IACSIT) | Place of Publication: | Singapore | ISSN: | 2301-3567 | Fields of Research (FoR) 2008: | 050204 Environmental Impact Assessment 140303 Economic Models and Forecasting 140205 Environment and Resource Economics |
Fields of Research (FoR) 2020: | 410402 Environmental assessment and monitoring 380203 Economic models and forecasting 380105 Environment and resource economics |
Socio-Economic Objective (SEO) 2008: | 960302 Climate Change Mitigation Strategies 960301 Climate Change Adaptation Measures 960702 Consumption Patterns, Population Issues and the Environment |
Socio-Economic Objective (SEO) 2020: | 190301 Climate change mitigation strategies 190101 Climate change adaptation measures (excl. ecosystem) 190201 Consumption patterns, population issues and the environment |
Peer Reviewed: | Yes | HERDC Category Description: | C1 Refereed Article in a Scholarly Journal |
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Appears in Collections: | Journal Article School of Psychology UNE Business School |
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