首页> 外文期刊>International Business Research >Evidence From Data Analysis, Fifteen Developed Countries and the United States Home Prices Increase Between 1990 to 2006 Result of Advancement In Technology, Worldwide Economic Collapse and Great Recession Result of False Information by Media and Economic Policy Failures Walters Real Estate Bubble Impossibility Price Transparency Theory, Real Estate Bubble Is Impossible, An End to Economic Policies Based on False Information
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Evidence From Data Analysis, Fifteen Developed Countries and the United States Home Prices Increase Between 1990 to 2006 Result of Advancement In Technology, Worldwide Economic Collapse and Great Recession Result of False Information by Media and Economic Policy Failures Walters Real Estate Bubble Impossibility Price Transparency Theory, Real Estate Bubble Is Impossible, An End to Economic Policies Based on False Information

机译:来自数据分析的证据,十五发达国家和美国房价在1990年至2006年期间增加了技术进步的结果,全球经济崩溃和伟大的经济衰退结果媒体和经济政策失败沃尔特斯房地产泡沫不可能性透明度理论,房地产泡沫是不可能的,基于虚假信息结束经济政策

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Based on the findings of the current study, policymakers must take a hard look at the media and themselves, because the world can no longer blame the subprime mortgage industry for causing the Global Financial Crisis of 2007 and 2008. The public must demand answers from the media and policymakers explaining how an economic crisis that could have been avoided resulted in the collapse of the global economy. The lack of evidence supporting the theory of a financial bubble and a real estate bubble called for further investigation of factors leading to the Global Financial Crisis of 2007 and 2008. Evidence presented from data analysis in Walters (2018) suggested no financial bubble existed in developed or developing countries around the world, preceding the Global Financial Crisis of 2007 and 2008. Based on data analysis in Walters (2018) the evidence also suggested, the lasting effect of economic policies in response to the Global Financial Crisis of 2007 and 2008 for both developed and developing countries around the world, had no significant impact on the financial sector but pointed to a lack of economic growth. The findings raised significant questions about the existence of a real estate bubble in both developed and developing countries. Evidence from data analysis presented in Walters and Djokic (2019) suggested the existence of a real estate bubble in the United States real estate market preceding the Global Financial Crisis of 2007 and 2008 was a false conclusion. Data analysis in Walters (2019) resulted in, 0.989 Adjusted R-square, 194.041 Mean Dependent Variable, 5.908 Square Error of Regression, 488.726 Sum-of- Square Residual, and 0.00000 Probability (F-statistic), for correlation between the independent variable representing advancement in technology, and the dependent variable representing home purchase price in the United States preceding the Global Financial Crisis of 2007 and 2008. The findings in Walters (2019) concluded the rapid increase in home purchase price in the United States real estate market, was due to increased demand for homes from the adaptation of advancement in technology in the real estate and mortgage industries. The current study expanded the investigation of the growth in home purchase price to fifteen developed countries around the world, building on the findings of previous research by the current researcher. The researcher in the current study concluded, the existence of significant and near-perfect correlation in many cases, between the dependent variable representing growth in home purchase price, and the independent variable representing advancement in technology. The analysis was based on data analyzed from fifteen developed countries around the world, which was collected between 1990 and 2006. The data analysis included home purchase price data from, Canada, United Kingdom, Denmark, Finland, France, Italy, New Zealand, Sweden, Netherlands, Australia, Ireland, Belgium, Norway, Spain, and Portugal. Data preceding the Global Financial Crisis of 2007 and 2008 were analyzed in the current study. The researcher in the current study concluded the existence of overwhelming evidence suggesting advancement in technology was responsible for the rapid increase in home prices in developed countries around the world preceding the Global Financial Crisis of 2007 and 2008. The result of data analysis in the current study provided further confirmation of the accuracy of former Federal Reserve Board Chairmen, Alan Greenspan and Ben Bernanke 2005 assessment which concluded, the occurrence of a real estate bubble developing was impossible due to the Efficient Market Hypothesis, before reversing course subsequent their assertion in 2005 (Belke Wiedmann, 2005; Starr,2012). The result of the current study provided additional evidence supporting Eddison Walters Risk Expectation Theory of The Global Financial Crisis of 2007 and 2008. The result from data analysis also confirmed the need for the adaptation of Eddison Walters Modern Economic Analysis Theory. As a result of the findings in the current study, the researcher concluded the development of a real estate bubble is impossible where there exists real estate price transparency, as is the case in most developed and developing countries. The researcher presented Walters Real Estate Bubble Impossibility Price Transparency Theory based on the findings. False information of a real estate bubble and predictions of a real estate crash disseminated through the mainstream media and social media can be a destructive force with a disastrous effect on the economy around the world. The failure by the media to hold themselves and policymakers to a higher standard resulted in the Global Financial Crisis of 2007 and 2008. The result of the failure by the media was a worldwide economic crisis and the Great Recession that followed the Global Financial Crisis of 2007 and 2008. Lessons learned from the Global Financial Crisis of 2007 and 2008 can assist
机译:基于目前研究的调查结果,政策制定者必须努力看看媒体和自己,因为世界不再责怪次级抵押行业导致2007年和2008年的全球金融危机。公众必须要求答案媒体和政策制定者解释了如何避免的经济危机导致全球经济崩溃。支持金融泡沫理论和房地产泡沫的理论缺乏证据,要求进一步调查导致2007年和2008年全球金融危机的因素。从沃尔特斯(2018年)的数据分析中提出的证据表明,发达国家没有存在金融泡沫或全球发展中国家,在2007年和2008年的全球金融危机之前。根据沃尔特斯(2018)的数据分析,有证据还提出了经济政策的持久效应,以应对2007年和2008年的全球金融危机世界各地的发达国家和发展中国家对金融部门没有重大影响,但指出缺乏经济增长。该调查结果提出了关于发达国家和发展中国家的房地产泡沫的存在的重要问题。来自沃尔特斯和德文(2019年)的数据分析的证据表明,2007年和2008年全球金融危机的美国房地产市场存在房地产泡沫的存在是一个错误的结论。沃尔特斯(2019)中的数据分析导致,0.989调整后的R-Square,194.041平均依赖变量,5.908误差的回归量,488.726的平方余量和0.00000次概率(F函数),用于独立变量之间的相关性代表技术进步,以及代表美国在2007年和2008年全球金融危机之前的家庭购买价格的依赖变量。沃尔特斯(2019年)的调查结果结束了美国房地产市场的迅速增加,是由于房地产的改善,房地产进步的需求增加了,是由于房地产和抵押贷款行业的技术进步。目前的研究扩大了本土购买价格的增长对全球十五个发达国家的调查,建立了目前研究人员以前研究的调查结果。研究人员在目前的研究结束了,在许多情况下,在许多情况下存在显着和近乎完美的相关性,代表家庭购买价格的增长,以及代表技术进步的独立变量。该分析基于来自世界各地的十五个发达国家分析的数据,该数据于1990年至2006年间收集。数据分析包括家庭购买价格数据,来自加拿大,英国,丹麦,芬兰,法国,意大利,新西兰,瑞典,荷兰,澳大利亚,爱尔兰,比利时,挪威,西班牙和葡萄牙。 2007年和2008年全球金融危机的数据在目前的研究中进行了分析。研究员在本研究中得出结论,建议技术推进的压倒性证据的存在负责2007年和2008年全球金融危机的发达国家的房价迅速增加。数据分析在目前的研究结果还提供了前美联储董事会主席的准确性,艾伦格林斯潘和本伯南克2005年的准确性结束,由于高效的市场假设,由于高效的市场假设,在逆转课程的情况下,不可能发生房地产泡沫发展的发生是不可能的,在2005年的断言(Belke Wiedmann,2005; Starr,2012)。目前研究的结果提供了额外的证据,支持埃德凡发沃尔特斯的全球金融危机风险预期理论2007年和2008年。数据分析的结果还确认了埃德森沃尔特斯现代经济分析理论的适应需求。由于目前的研究结果,研究人员结束了房地产泡沫的发展是不可能存在房地产价格透明度的,就像大多数发达国家和发展中国家一样。研究人员介绍了基于调查结果的沃尔兹房地产泡沫不可能性透明度理论。通过主流媒体和社交媒体传播的房地产泡沫和预测的房地产崩溃的虚假信息可能是一种破坏性的力量,对世界各地的经济造成灾难性影响。媒体的失败使自己和政策制定者更高的标准导致了2007年和2008年的全球金融危机。媒体失败的结果是一个全球经济危机和2007年全球金融危机的巨大经济衰退2008年,从2007年和2008年全球金融危机中汲取的经验教训可以协助

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