中国股市是否实现了与世界同步  

Has Chinese Stock Market Realized Synchronization with the World?

作　　者：王晓芳[1] 卢小兵[1] 

机构地区：[1]西安交通大学经济与金融学院,陕西西安710061

出　　处：《经济经纬》2007年第2期136-139,共4页Economic Survey

摘　　要：由于市场发展程度和制度安排等原因,中国证券市场多年来一直保持着较为独立的走势。本文运用协整理论对我国证券市场和世界主要证券市场总体走势特征进行了实证分析,以此来考察我国股票市场与世界主要市场的关联和相互影响情况,以期通过对现有股指的关联分析对我国股市的一些统计特征进行反映并进而分析考察我国证券市场的发展状况。Because of the market development degree and system arrangement, Chinese stock market has kept an independent trend for many years. This paper uses the co - integration theory to analyze empirically the general trends of Chinese stock market and the main stock markets of the world in order to investigate the connections and mutual influences between Chinese stock market and the main stock markets of the world, hoping to reflect the statistical characteristics of Chinese stock market through a relevancy analysis of the present stock index and then investigate the development condition of the securities market of our country.

关 键 词：股票市场 协整检验 格兰杰因果检验 市场发展 

分 类 号：F830.9[经济管理—金融学]