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Research on Measure of the Financialization of American Economy

PEI Xiang-yu   

  1. School of Economics, Jilin University, Changchun 130012,China
  • Received:2016-10-19 Online:2017-01-10

Abstract: From the sector perspective, this paper builds an index system measuring economic financialization, and uses Fuzzy-AHP, which is a subjective static assignment method, and entropy method, which is an objective dynamic assignment method to comprehensively evaluate the financialization of American economy. The result showed that, during the sample period, the financialization of American economy is constantly strengthened, and there is an increasing financialization trend in financial sector and cyclical upswing in non-financial sector;the federal funds rate can affect the non-financial sector financialization to some extent, but it cannot stop the increasing financialization trend.

Key words: economic financialization, Fuzzy-AHP, Entropy method, comprehensive evaluation