我国股票市场与实体经济的相关性分析
发布时间：2019-02-24 18:58
【摘要】：虚拟经济与实体经济的互动问题日益受到关注。国外学者的研究表明,股票市场作为一种虚拟经济形态,其与实体经济经常呈现一种正相关的关系,这与理论分析结论相一致,然而,从最近几年股票价格和经济增长的走势情况,我国的股票市场和经济增长之间似乎存在着"背离"的状况。为此,本文拟采用趋势分析、协整分析和因果关系检验,对我国股票市场和实体经济之间是否存在背离进行了实证检验。我们的研究结果表明我国股票市场和实体经济之间存在背离关系。因此,必须通过促进企业平稳较快发展保持经济稳定、金融稳定和资本市场稳定,有效解决虚拟经济与实体经济之间的背离关系。
[Abstract]:The interaction between virtual economy and real economy has been paid more and more attention. The research of foreign scholars shows that the stock market as a form of virtual economy often presents a positive correlation with the real economy, which is consistent with the conclusion of theoretical analysis. From the trend of stock price and economic growth in recent years, there seems to be a "deviation" between China's stock market and economic growth. Therefore, this paper intends to use trend analysis, cointegration analysis and causality test to test whether there is a deviation between the stock market and the real economy in China. Our research results show that there is a deviation relationship between the stock market and the real economy. Therefore, we must effectively solve the deviation relationship between virtual economy and real economy by promoting the steady and rapid development of enterprises to maintain economic stability, financial stability and capital market stability.
【作者单位】： 四川大学经济学院公司金融研究所;四川大学经济学院;
【基金】：国家社科基金重点项目(08AJY045)
【分类号】：F832.51;F124;F224
[Abstract]:The interaction between virtual economy and real economy has been paid more and more attention. The research of foreign scholars shows that the stock market as a form of virtual economy often presents a positive correlation with the real economy, which is consistent with the conclusion of theoretical analysis. From the trend of stock price and economic growth in recent years, there seems to be a "deviation" between China's stock market and economic growth. Therefore, this paper intends to use trend analysis, cointegration analysis and causality test to test whether there is a deviation between the stock market and the real economy in China. Our research results show that there is a deviation relationship between the stock market and the real economy. Therefore, we must effectively solve the deviation relationship between virtual economy and real economy by promoting the steady and rapid development of enterprises to maintain economic stability, financial stability and capital market stability.
【作者单位】： 四川大学经济学院公司金融研究所;四川大学经济学院;
【基金】：国家社科基金重点项目(08AJY045)
【分类号】：F832.51;F124;F224
【参考文献】
相关期刊论文 前7条
1 高大为,魏巍;经济增长与股票市场的关系——来自中国的实证研究[J];工业技术经济;2004年06期
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