关于中国宏观经济变量与证券市场关联性的实证研究

An Empirical Research on Relevance between Variables of China's Macro-economy and Stock Market

检验股票市场与经济发展之间的关系是经济增长理论研究中的一个新课题,股票市场作为金融市场重要组成部分与经济增长、宏观经济变量之间的关系,更是当前研究的热点。文章将重点研究我国的宏观经济变量与股票市场之间是否存在关联性。文章选取了能够较为全面代表宏观经济运行情况的相关指标,并将这些宏观经济变量与代表中国股票市场运行的上证综合指数一起建立数据模型进行分析,探讨宏观经济变量与股票市场之间的相互关系,进而对中国股票市场的更好发展提出有效建议。

Studying relationship between stock market and economic development is a new topic of economic growth theory.Stock market,as an important part of financial market,becomes a hot issue in current research.The paper focuses on study whether there is relevance between variables of China's macro-economy and stock market.The paper,selecting relative indexes on macro-economic performance,analyses data model about macro-economy and Shanghai composite index on Chinese stock market,explores relationship between variables of China's macro economy and stock market and comes up with effective suggestions on better development of China's stock market.