摘要
首先在理性预期和无套利条件下得到理性泡沫模型;然后基于实证对理性泡沫的四种典型检验方法:方差界检验、设定检验、单位根和协整检验、内在性泡沫检验方法进行比较分析,并得出结论。
This paper first gets the rational bubbles model from arbitrage condition under the precondition hypothesis of rational expectation, then does comparative analysis with four testing methods-- variance bounds, the specification test, unit ＇root test and cointegration test, and the test for intrinsic rational bubbles by combining theories analysis and empirical analysis together and finally concludes.
出处
《价值工程》
2007年第1期143-147,共5页
Value Engineering
关键词
理性泡沫
方差界
单位根
内在性泡沫
rational bubbles
variance bounds
unit root
intrinsic bubbles
