石家庄经济学院学报2016，Vol.39Issue(3)：11-15,5.DOI:10.13937/j.cnki.sjzjjxyxb.2016.03.003
新常态下房地产与股市的关联性实证分析
Under the New Normal a Relevant Empirical Analysis on Real Estate and Stock Market
邵方 1朱德忠1
作者信息
- 1. 安徽财经大学 金融学院，安徽 蚌埠233000
- 折叠
摘要
Abstract
After the 2008 crisis, global entered into a"new normal". As a response to the"new normal", Chinese government takes measures to make national economy present a new "appearance". According to the new normal background in the real estate and stock market conditions, using the State Housing boom index on behalf of Chinese real estate industry development and Shanghai Composite Index closing price on behalf of stock market, establishing a VAR model to analyze them. After the introduction of the money supply, the article reconstructs the model. The results show that the State Housing boom index is mainly affected by the shadow of the industry itself, the monetary supply to the housing market and the impact of the stock market is greater than the impact of the degree of interac-tion between the two markets, and in the short term, the impact of the real estate industry to the stock market is greater than the impact of the stock market to the real estate industry.关键词
新常态/国房景气指数/上证综合指数/VAR模型Key words
new normal/state housing boom index/Shanghai composite index/VAR model分类
管理科学引用本文复制引用
邵方,朱德忠..新常态下房地产与股市的关联性实证分析[J].石家庄经济学院学报,2016,39(3):11-15,5.
