摘要
沪市作为中国股市的重要核心部分,对其与经济增长之间关系的研究具有一定的现实意义。本文针对股市最基本的特征之一的股市波动性,运用计量经济学的理论与方法,在前人研究的基础上,着眼于计量模型对沪市的波动性与经济增长之间关系的实证研究与探讨,得出在长期中,沪市波动性与经济增长之间不存在均衡关系;在短期中,沪市波动性受经济增长的影响较大,但经济增长受沪市波动性的影响很小。
The Shanghai stock market is the most important, part of the stock market of China, so it will be of great significance to study the relationship between Shanghai stock market and economic growth of China. Using the econometrics theory and based on forefathers’ study, this paper developed models to demonstrate the relationship between the fluctuations of Shanghai stock market and economic growth of China,and deduces the balanced relationship between the fluctuations of Shanghai stock market and economic growth of China is not existential in the long period; in the short period , the fluctuations of Shanghai stock market is influenced deeply by economic growth of China, but economic growth of China is influenced lightly by the fluctuations of Shanghai stock market.
出处
《中南财经政法大学研究生学报》
2007年第5期37-41,共5页
Journal of the Postgraduate of Zhongnan University of Economics and Law
关键词
股市波动
经济增长
上证指数
Fluctuations of Stock Market
Economic Growth
SSE Index
