论经典资本市场理论的实证检验、争论与非线性研究  

A Study of Classical Capital Market Theory Empirical Tests,Arguments And Non-Linear Analysis

作　　者：焦鹏[1] 沈万辉[2] 

机构地区：[1]沈阳工业大学管理学院,辽宁沈阳110023 [2]天津市东丽区财政局,天津300300

出　　处：《锦州师范学院学报（哲学社会科学版）》2003年第6期87-90,共4页Journal of Jinzhou Teachers College（Philosophy and Social Scienae Edition)

摘　　要：资本市场(股票市场,下同)是一个复杂的、高度非线性的系统,它受许多经济因素的影响与支配。而以EMH为基础的经典资本市场理论,大都是在线性框架下发展起来的。近年来,有许多实证研究都表明,这些理论与现实有许多不符合之处,因此,在研究方法上需要突破线性框架,应用非线性研究中的分性与混沌理论来对它进行研究。Capital market is an intricate, highly-nonlinear system, which is influenced and controlled by many of sectors that come from economy system. Many empirical research-paper's conclusions show that the current facts in capital market aren't confirmed with classical theories in this field. So, under the condition that new classical economics can't describe the intricate economy system clearly, we have to break through linear cords above, and should believe that the capital market was a system which is nonlinear one. And we need the theory of chaos and fractal to continue and alternate our research in the capital market in the future.

关 键 词：经典资本市场理论 非线性研究 EMH 分形 混沌 

分 类 号：F032.1[经济管理—政治经济学]