沪深A、B股市场分割的实证检验
发布时间：2019-07-23 15:54
【摘要】：文章运用计量经济学中Granger因果性检验,分阶段实证检验了B股市场对内开放以及汇率制度改革以来沪深两市A、B指收益率的引导关系,得到的结论主要有:B股市场对内开放以来,沪深两市收益率的引导关系以及A、B指收益率的引导关系有所增强;特别是汇率制度改革以来,A、B股市场收益率的引导关系表现得更加显著。
[Abstract]:The paper uses the Granger causality test in econometrics to verify the direct relationship between the two markets A and B in Shanghai and Shenzhen since the opening of the B-share market and the reform of the exchange rate system in stages, and the conclusion is that the B-share market has been open to the inside, The guidance of the yields in Shanghai and Shenzhen, and the guidance of A and B, have been enhanced, especially since the reform of the exchange rate system, the direct relationship between the yield of A and B shares has become more remarkable.
【作者单位】： 山西财经大学财政金融学院;山东师范大学经济学院;
【基金】：山东省统计科研重点课题资助项目(KT11039)
【分类号】：F224;F832.51
[Abstract]:The paper uses the Granger causality test in econometrics to verify the direct relationship between the two markets A and B in Shanghai and Shenzhen since the opening of the B-share market and the reform of the exchange rate system in stages, and the conclusion is that the B-share market has been open to the inside, The guidance of the yields in Shanghai and Shenzhen, and the guidance of A and B, have been enhanced, especially since the reform of the exchange rate system, the direct relationship between the yield of A and B shares has become more remarkable.
【作者单位】： 山西财经大学财政金融学院;山东师范大学经济学院;
【基金】：山东省统计科研重点课题资助项目(KT11039)
【分类号】：F224;F832.51
【参考文献】
相关期刊论文 前6条
1 刘昕;股票市场分割及其消除:理论综述与方案探讨[J];财经研究;2002年06期
2 李双飞;陈收;王p，
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