A STRATEGY TO THE INTERNATIONAL TRADE ESTIMATION WITH THE USE OF CANONICAL CORRELATION ANALYSIS
Journal Title: Проблеми системного підходу в економіці - Year 2017, Vol 1, Issue 57
Abstract
The canonical correlation analysis of the international trade by means of STATISTICA 10 programs package is conducted in this article. The geographical aspects of the European Union countries (land area and number of inhabitants) are chosen as the key factors of influence on the amount of export-import operations. To conduct the canonical correlation analysis the plurality of dependent variables is chosen Y (Y1 – export turnover of the European Union countries, mil. EUR; Y2 – import turnover of the European Union countries, mil. EUR) from the plurality of variables X (X1 – the land area of the European Union countries, km2; X2 – the number of inhabitants of the European Union countries). As a result of the canonical correlation analysis we got two canonical roots with canonical meaning of correlation coefficient , that describe 100% of dispersion of indicators plurality of international trade and 100% – the plurality of geographical indicators. On an average there can be explained 73,85% of variables dispersion in the left plurality and 58,11% of variableness in the right plurality by using indicator values of international trade and received canonical roots. Considering the importance of correlation coefficient and fulfillment of conditions only the importance of the first canonical root is established. The second canonical root isn’t important as far as the p-level=0,009. Canonical coefficients for the description of correlation dependence between the international trade indicators and factors that are under investigation are counted. The scattering graph of canonical variables is constructed following on from the analysis results. The availability of high correlation between the indicators of export-import operations of the European Union countries and specific geographical aspects of the European Union countries (as lands area and number of inhabitants) is detected. In addition to the above, it’s established that the main influence on the international trade is caused by country number of inhabitants, and the country size has lower impact. It is substantiated that using the method of canonical correlation can reduce the number of factors that influence the international trade by separating the main and secondary factors.
Authors and Affiliations
N. V. Dziubanovska
Keywords
Related Articles
- EP ID EP634326
- DOI -
- Views 136
- Downloads 0
SOME ASPECTS DEPRECIATION POLICY OF ENTERPRISES
The article deals with economic content and objectives of depreciation policy in enterprises. The peculiarities of doing depreciation policy papers, scientists. The role of accelerated depreciation to stimulate the devel...
FORMATION OF THE STRATEGY OF RESOURCE SAVING AT ENTERPRISES OF RAILWAY TRANSPORT
The article investigates the substantial characteristics of the economic category “strategy of resource saving” at the enterprise level and provides the author's interpretation of this concept for the enterprises of rail...
METHODICAL APPROACH TO THE SELECTION OF ECONOMIC PROCEEDINGS IN THE PROCESS OF FUNCTIONING OF INNOVATION-ORIENTED MECHANICAL ENGINEERING ENTERPRISES BASED ON DEVELOPMENT FORECASTING
The research dedicated to the formation and substantiation of methodical approach to the selection of economic proceedings for innovation-oriented mechanical engineering enterprises which is based on substantiation the e...
THE USE OF CRM-SYSTEMS IN UKRAINIAN MARKET: FEATURES AND PROSPECTS
In the article CRM-systems as a tool for increasing the effectiveness of company's interaction with customers are described, the essence of CRM-systems and the role of their implementation in the enterprise are determine...
FEATURES OF THE CURRENT STATE OF DEVELOPMENT MARKET OF TOURISM SERVICES IN UKRAINE
The article determines that the tourism business as a component of the economic complex of the country is characterized by certain properties and functions. The main feature of tourism is its ability to influence the dev...