我国股票市场发展对经济增长影响的实证研究

An Empirical Study of the Relation between Stock Market and Economic Growth

股票市场的发展对经济增长影响的问题一直是近来研究的热点,在国外相关研究中,大多数认为股票市场通过其功能作用促进了经济增长。而在我国的具体实践情况又如何呢?运用Eviews统计软件,以我国1995年第一季度到2005年第四季度的股票市场数据为样本,对股票市场的发展与经济增长的关系进行实证研究,可以得出我国股票市场对经济增长的作用是有限的,甚至可以说我国股票市场的发展可能不利于经济增长。

The relation between stock market and economic growth has been a hot topic recently.Among the studies abroad, most argue that the stock market can improve economic growth through its mechanism, however, how its performance is？ Based on the summary of previous studies and the Eviews statistic software, this article makes an empirical study on the quarterly data from 1995 to 2005 and gets some important results. The stock market of our country is limited for economic increasing role,and even say the stock market of our country influences economic increase.