首页> 外文期刊>International Business Research >Increase in Consumer Debt Preceding Crisis Due to Advancement in Technology, Further Evidence Supporting the Idea No Real Estate Bubble Existed Preceding Crisis Presented by Eddison Walters Risk Expectation Theory of the Global Financial Crisis of 2007 and 2008 The Case for Eddison Walters Modern Economic Analysis Theory
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Increase in Consumer Debt Preceding Crisis Due to Advancement in Technology, Further Evidence Supporting the Idea No Real Estate Bubble Existed Preceding Crisis Presented by Eddison Walters Risk Expectation Theory of the Global Financial Crisis of 2007 and 2008 The Case for Eddison Walters Modern Economic Analysis Theory

机译:由于技术进步,消费者债务前期危机增加,进一步证据支持该想法的想法,没有房地产泡沫存在于2007年和2008年全球金融危机的预期危机的前列危机预期理论为2007年和2008年的埃德森沃尔特斯现代经济分析理论案件

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The researcher called for economic research to consider the potential effect of advancement in technology on analysis of economic data in Eddison Walters Modern Economic Analysis Theory in the future represented a paradigm shift in economic analysis that will significantly reduce the potential for error due to data distortion in the future. The foundation of the world's economy is based on the sharing of information, yet very little attention has been given to the effect of technology advancement in the analysis of data. The researcher of the current study highlighted the critical nature of sharing information to the development of the world's economy in the past, as well as the critical nature of sharing information to the world's economy today. Advancement in technology has drastically improved the sharing of information and has led to the globalized economy. The lack of evidence supporting the widely accepted theory of the Global Financial Crisis of 2007 and 2008 prompted the investigation by the current researcher aimed at gaining insight into economic factors that were responsible for conditions contributing to the Global Financial Crisis of 2007 and 2008. Walters (2018) presented evidence suggesting no financial bubble existed before the Global Financial Crisis of 2007 and 2008. The study resulted in the development of "Eddison Walters Risk Expectation Theory of The Global Financial Crisis of 2007 and 2008". The theory presented an alternative explanation for the financial crisis. The researcher called for additional investigation to gain insight into the nature of the cause of the Global Financial Crisis of 2007 and 2008. Further investigation in Walters (2019) provided evidence supporting the idea, technological advancement led to the rapid growth in home prices before the Global Financial Crisis of 2007 and 2008. The result from the analysis of data in Walters (2019) revealed the following, 0.989 Adjusted R-square, 194.041 Mean Dependent Variable, 5.908 Square Error of Regression, and 488.726 Sum-of-Square Residual, from nonlinear regression analysis. The dependent variable in the study was, "home purchase price" and the independent variable was, "advancement in technology". The current study continued the investigation into factors that were described in the literature which set the conditions leading to the Global Financial Crisis of 2007 and 2008. Gaining insight into the effect of technological advancement on the significant increase in consumer debt prior to the Global Financial Crisis will significantly contribute to the understanding of the economic environment before the Global Financial Crisis of 2007 and 2008. Insight into the effect of advancement in technology on the increase in consumer lending prior to the Global Financial Crisis of 2007 and 2008, will significantly contribute to the understanding of the Global Financial Crisis of 2007 and 2008.
机译:研究人员呼吁经济研究,以考虑技术进步对经济数据的潜在影响,在埃迪逊沃尔特斯现代经济分析理论中的经济数据的现代经济分析理论上代表了经济分析的范式转变,这将显着降低由于数据畸变引起的错误潜力。未来。世界经济的基础是基于信息的共享,但对技术进步对数据分析的影响很少。目前研究的研究员强调了与过去的世界经济发展共享信息的危急性质,以及今天对世界经济分享信息的批判性质。技术进步急剧改善了信息的共享,并导致了全球化的经济。支持2007年和2008年全球金融危机的广泛理论缺乏证据促进了目前研究人员调查,旨在获得对2007年和2008年全球金融危机有贡献的经济因素的洞察力。沃尔特斯( 2018年)提出的证据表明在2007年和2008年的全球金融危机之前没有金融泡沫。该研究导致“埃德斯迪森沃尔特斯的预期2007年和2008年全球金融危机的预期理论”产生了发展。该理论提出了对金融危机的替代解释。研究人员呼吁调查,以了解2007年和2008年全球金融危机原因的性质。沃尔特斯(2019年)进一步调查提供了支持这个思想的证据,技术进步导致了在房价快速增长之前2007年和2008年的全球金融危机。沃尔特斯数据分析(2019年)的结果揭示了以下,0.989调整后的R-Square,194.041平均依赖变量,5.908的回归误差和488.726的平方差,从非线性回归分析。研究中的受抚养变量是“家庭购买价格”和独立变量是“技术进步”。目前的研究继续调查文献中描述的因素,这些因素设定了导致2007年和2008年的全球金融危机的条件。在全球金融危机之前获得技术进步对消费者债务大幅增加的影响的洞察力在2007年和2008年全球金融危机之前,将对对经济环境的认识有所贡献。在2007年和2008年全球金融危机之前,对消费者贷款的增加的效力有所了解,将大大贡献了解2007年和2008年的全球金融危机。

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