摘要
中国股市是否存在财富效应以及财富效应的强弱一直是我国学者争论的问题。文章在对财富效应理论阐述的基础上,通过协整分析,采用2000年到2006年季度数据对我国股市财富进行的了经济计量检验。通过实证分析得出我国股市存在弱的财富效应,并进行了经济分析。
Whether it has wealth effect in stock market and whether the wealth effect was strong or weak in China is a controversial issue in China scholars. Based on the wealth effect theory, this study uses the quarterly data from 2000 to 2006 to test the wealth effect in China by co-integration analysis. Based on the empirical analysis, we concluded that there was weak wealth effect in China stock market. Finally, we analyze the weak wealth effect based on Economics.
出处
《石家庄经济学院学报》
2008年第2期15-18,共4页
Journal of Shijiazhuang University of Economics
基金
国家社会科学基金项目<虚拟经济的统计核算方法研究>(06BTJ015)部分成果
关键词
股票市场
财富效应
协整分析
stock market
wealth effect
co-integration
