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Prediction and comparison of the impact of COVID-19 epidemic on the financial industry of major countries based on neural intelligent algorithm.

Authors :
Wang, Bin
Zhou, Qingyuan
Li, Xiaolong
Source :
Journal of Intelligent & Fuzzy Systems. 2020, Vol. 39 Issue 6, p8831-8838. 8p.
Publication Year :
2020

Abstract

The global economy appears the trend of anti-globalization under the influence of COVID-19. Based on the input-output table of lead database from 2006 to 2020, this paper divides the factors that affect the development of financial industry in China, the United States and Russia into six aspects: price, intermediate input, household consumption, government consumption, export and import. ADGA-BP neural network model is proposed in this paper, which is based on six aspects of price, intermediate input, consumer, government consumption, export and import. The intermediate input is decomposed from the perspective of industrial structure to study the interrelationship between financial industry and other industries in the three countries. The results show that the intermediate input is the main factor in the development of financial industry in the three countries, but the source industries of the intermediate input are not the same; the two factors of household consumption and price are closely related to the development of financial industry in the three countries, and they all play a role in promoting China, while the relationship between household consumption and the United States and between price and Russia is reverse; Government consumption only has a significant impact on Russia; from the perspective of mutual influence, the mutual investment between the financial industry of China and the United States is relatively large, while the relationship between the Russian financial industry and the two countries is relatively weak. It shows that under the background of covid-19, the development of financial industry is affected. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
10641246
Volume :
39
Issue :
6
Database :
Academic Search Index
Journal :
Journal of Intelligent & Fuzzy Systems
Publication Type :
Academic Journal
Accession number :
147506655
Full Text :
https://doi.org/10.3233/JIFS-189280