Development Analysis of Chinese and American Technology Innovation Board Based on Time Series Model
Wei Wei,
Ma Yuyi,
Hu Junlong
Issue:
Volume 5, Issue 5, September 2019
Pages:
55-60
Received:
11 October 2019
Accepted:
30 October 2019
Published:
6 November 2019
Abstract: The technology innovation board mainly serves scientific and technological innovation enterprises that conform to the national strategy, breakthrough key core technologies and have high market recognition. It is a crucial step for China to implement the strategy of strengthening China through science and technology and can promote the mutual growth of the capital market and scientific and technological innovation. For its research on the development of our country has a far-reaching significance. First, we conducted cluster analysis, divided the company into different industries, took the price-sales ratio as the valuation level, established a time series model, and analyzed the valuation premium or discount of various industries in China and the United States. The relation between market index, underlying index, and liquidity index is obtained by polynomial regression fitting equation. When forecasting the fundamental indicators and liquidity indicators of China and our market in 2019, the author USES the existing data to predict the fundamental indicators and liquidity indicators in 2019 by using the time series model and then obtains the valuation indicators of the two markets in 2019. Finally, in order to study the development of gem, we consulted the fundamental data of 93 companies, referred to the quantitative stock index model of our market and liquidity index of the Chinese market, and thus predicted the valuation level of the first batch of tech create board companies after listing.
Abstract: The technology innovation board mainly serves scientific and technological innovation enterprises that conform to the national strategy, breakthrough key core technologies and have high market recognition. It is a crucial step for China to implement the strategy of strengthening China through science and technology and can promote the mutual growth...
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The Myths and Realities of International Trade in the Age of Globalization: A Critical Assessment of Nigeria
Issue:
Volume 5, Issue 5, September 2019
Pages:
61-67
Received:
10 October 2019
Accepted:
6 November 2019
Published:
17 November 2019
Abstract: International trade plays a very important role in the formation of economic and social attributes of countries around the world. International trade is the exchange of goods and services across national borders. In most countries, it represents a significant part of Gross Domestic Products (GDP). International trade has been in existence for quite a while, its economic, social and political importance have increased in recent centuries, mainly because of industrialization, advanced transportation, globalization and multinational corporations. Today, international trade has been and is today an economic force that has spurred commerce, promoted technology and growth, spread cultural patterns, stimulates exploration and brings prospect for world peace and international relationship even though some nations benefit more. African countries still lag behind because over the years, Africa and indeed Nigeria have not developed technologies that would add value to their predominantly primary commodities which they export to the world market. Technological changes has made primary commodities almost less important in the industrialized countries as they can now be produced in their laboratories which will make the exportation of some of these commodities unnecessary. Even the newly industrialized countries of the South; South Korea, Brazil, Hong Kong, Singapore, Taiwan, Malaysia etc still look to the advanced industrial North for markets and spear parts. Furthermore, there are non-tariff barriers that are always introduced by the industrialized North to protect their economies despite persuading the South on market forces. Therefore, if Nigeria, Africa and indeed developing countries of the world will benefit from international trade, they must diversify and invest heavily on manufacturing sector, develop sophisticated technologies to add value to their products and create big markets for their goods and services rather than relying on the advanced economies of the North.
Abstract: International trade plays a very important role in the formation of economic and social attributes of countries around the world. International trade is the exchange of goods and services across national borders. In most countries, it represents a significant part of Gross Domestic Products (GDP). International trade has been in existence for quite...
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