![]() ![]() We use gross domestic product for tracking the financial crisis, consumer price index for households and percentage of ICT Export and Import on the whole export and import of the market as indicator. We use GDP values from four different markets, which are United States, European, Turkish and Gulf Countries and we apply our statistical model with normalization. We propose a statistical model based on Pearson’s r and linear regression. By using different simulations and analysis, we investigate the effect of the crisis on ICT industries and households. Moreover, we aim to provide new empirical evidence on the impact of world financial crisis on the ICT industry and CPI index in different areas of the world. Also this had a major effect on consumers, who freeze spending, which eventually decreases revenues for companies. Since the cost of capital became much higher, this weakened the long-term growth of companies, especially those in needs of financing. The purpose of the paper is to look at the effects of last financial crisis on the ICT industry and how this macroeconomic shock was transmitted to households. The ICT industry has been the driver for economic growth for several years before the financial crisis. ![]()
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