消费函数的季节性协整分析-北京数据的实证研究

Cointegration Test on the Consumption Function:the Empirical Study on Beijing's Data

本文对于１９８７－１９９６年的季度数据分别原数据和对数数据在３个频率处进行了季节性协整检验，分析了风险水平的特征。

The raw quarterly data and logarithmic ones from 1986 to 1996 are analyzed by seasonal cointegration testing at three different frequencies,respectively.The testing levels are discussed in detail.Therefore comes the conclusion that the seasonal adujstment has significant effects for the outcome of cointegration test.