资本市场发展与经济增长均衡关系协整检验

Co-integration Study of Relations Between Captial Market and China's Economic Growth

在总结国内外相关成果的基础上,分析了股票市场促进经济增长的作用机制,运用1994年到2005年的季度数据进行分段检验,实证研究了股票市场发展与中国经济增长的关系,得出了出人意料的结论.

Based on the summary of previous studies,this article gives a deep analysis on the mechanism of stock market as how to improve economic growth.We also give an empirically sectional study based on the quarterly data from 1994 to 2005.Some unexpected results are got.