Este Taiwanul un fenomen de tipul “lebădă neagă” pentru industria textilă și de îmbrăcăminte? Un model robust, bazat de regresie non-lineară, pentru predicția comportamentului pieței bursiere

Translated title of the contribution: Is Taiwan a black swan phenomenon for local textile and clothing industry? A robust nonlinear regression-based model for stock exchange prediction

Cristi Spulbar, Mohammad Ehsanifar, Ramona Birau, Tiberiu Horațiu Gorun, Iulius Daniel Doagă, Abdullah Ejaz, Mithun S. Ullal, Cristian Valeriu Stanciu

Research output: Contribution to journalArticlepeer-review

Abstract

Local apparel and textile manufacturing industry in Taiwan is a sector of great importance for sustainable economic growth. A stock market is an effective barometer indicating the economic health of a country and Taiwan is a case even more special. However, is Taiwan a black swan phenomenon for local apparel and textile manufacturing industry considering its economic growth and financial perspectives? In addition to existing literature, this research article provides a new robust nonlinear regression-based model for stock exchange prediction for Taiwan stock market. The financial data series used for the econometric analysis include the period from January 2000 to July 2018 for 13 main stock markets from countries all around the globe, such as: Taiwan, Spain, Poland, Hungary, Romania, Canada, USA, Japan, Germany, France, UK, India, and China. The final multiple regression equation provides a new prediction model for Taiwan's main stock market index. A sustainable economic growth in Taiwan is necessary to achieve major objectives such as social justice, poverty alleviation and natural environment protection. The stock market in Taiwan plays an essential role in order to stimulate economic growth and technological progress by attracting foreign investment and foreign capital. In a globalized economy, the inter-linkages between stock markets are complex and can significantly influence Taiwan's sustainable development.

Translated title of the contributionIs Taiwan a black swan phenomenon for local textile and clothing industry? A robust nonlinear regression-based model for stock exchange prediction
Original languageUndefined/Unknown
Pages (from-to)580-586
Number of pages7
JournalIndustria Textila
Volume71
Issue number6
DOIs
Publication statusPublished - 2020

All Science Journal Classification (ASJC) codes

  • Materials Science (miscellaneous)
  • General Business,Management and Accounting
  • General Environmental Science
  • Polymers and Plastics

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