摘要
本文以上证基金指数和上证综合指数为研究对象,利用协整理论及误差修正模型考察我国基金市场和股票市场在不同市场行情中的长期均衡关系及短期波动影响,以此反映我国证券投资基金与股市运行特征。
Using the Fund Index and the Composite Index of Shanghai Stock Market as the study objective, this paper applies the cointegration theory and error-correction model to investigate long-term equilibrium relationship and the short-term fluctuation effect between the fund market and the stock market in different market quotation so as to reflect the operation of our country's securities investment funds and the stock market.
出处
《现代财经（天津财经大学学报）》
CSSCI
2004年第5期23-25,共3页
Modern Finance and Economics：Journal of Tianjin University of Finance and Economics
关键词
证券投资基金
协整
误差修正模型
Securities Investment Funds
Cointegration
Error-correction Model
