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A Stock Market And Economic Growth Of Benign Interaction Mechanism

Posted on:2007-08-03Degree:MasterType:Thesis
Country:ChinaCandidate:D Y WangFull Text:PDF
GTID:2179360182998635Subject:Finance
Abstract/Summary:PDF Full Text Request
Financial and economic development of economic relations had long attracted the attention of scholars, but to promote economic growth in the capital market can not study literature, and the lack of empirical support. The Introduction first since China adopted the reform and opening up analysis of the stock market development data and macroeconomic data in the development of the phenomenon from the questions of whether China's stock market and economic growth for the relevance questioned.The first part of the first articles on capital markets and economic growth at home and relevance of the development and demonstration of the theory and literature review. Given the stock market in the Chinese capital market and the importance of regulating the stock market adjustment importance of the research, the focus of the second part of article econometric modelling, multi - variable regression to the Chinese stock market and economic growth for the relevance of empirical.In accordance with standard asset pricing theory, the stock market should be a macroeconomic "barometer", should be able to forecast the stock yield productivity changes, stock prices reflect economic fundamentals signal. The stock market has not fully developed in many developing countries, if the stock market and economic growth are related relations that existed between, the symbol of the stock market to promote the development of macroeconomic growth, then promote the development of the stock market is obvious policy recommendations.China's stock market is an emerging market, China's stock market and keep the good macro economic entities and the reverse phenomenon has existed, articles fourth through analyzing both the reasons for the discrepancy in part, by China's stock market despite its non-factor troubling trends downlink, However, non-standard operating system and its own problems makes it difficult to play a "barometer" of the role of the main reasons. The last part of the stock market and economic growth in the role of mechanisms by that exists between the stock market and economic growth promoted mechanisms.
Keywords/Search Tags:Stock market, Economic growth, Relevance, Interaction mechanism
PDF Full Text Request
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