安徽农业科学2009，Vol.37Issue(21)：10156-10158,3.
粮食期货与现货价格动态关系实证研究——以郑州强麦期货和现货价格为例
Empirical Research on the Dynamic Relationship between Grain Futures and Spot Price
摘要
Abstract
There are fluctuations on the grain futures prices and spot prices since Chinese grain futures market has established.Is the future market based on the Speculation direct causes the fluctuations on grain spot price? This is the premise for the development of the grain futures market.The dynamic relationship between strong wheat futures and spot price in Zhengzhou commodity exchange was examined by using cointe gration test, VAR model, error correction model, and Granger causality test.Then some conclusions were drawn that there existed long run dynamic equilibrium relationship between futures and spot price.The futures price has the function that guides the spot prices.关键词
强麦期货/协整检验/VAR模型/格兰杰因果检验Key words
Strong wheat futures/Cointe gration test/VAR model/Granger causality test分类
管理科学引用本文复制引用
鲍春生..粮食期货与现货价格动态关系实证研究——以郑州强麦期货和现货价格为例[J].安徽农业科学,2009,37(21):10156-10158,3.基金项目
南阳师范学院"农产品物流信息化研究"项目资助. （）
