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Chinese Stock Market And Economic Growth Relationship Study

Posted on:2006-05-23Degree:MasterType:Thesis
Country:ChinaCandidate:G ChenFull Text:PDF
GTID:2199360185967541Subject:Finance
Abstract/Summary:PDF Full Text Request
Usually, stock market is called as the barometer of economy, indicating the close relationship between stock market and development of economy, but in china, the relationship of them is not as evident as in the West, and the trend of stock market is always not in accordance with, eventually opposite to, economy development. The thesis tries to find the reason of the phenomenon and coordinate the relationship between stock market and economic development in order to make them develop together.In this paper, the framework of mutual relationship between stock market and economic growth is established. The while process of mutual relationship is divided into two parts, and is analysed carefully. Finally, it explains the phenomenon that the trends of stock market and economic growth are not consistent and give the suggestion for how to harmonize the relationship between them.The relationship between economic growth and stock market is described as follow:Listed company raises funds in primary market—increase investment—promote economic growth—operation feats of listed company improve—performance of stock is well—listed company continue to obtain funds in primary market.The relationship between primary market and economy is different from that between secondary market and economy, therefore, the process that they interact each other is divided into two parts, first, listed company raises fund in primary market—increase investment—promote economic growth. Second, economic growth—operation feats of listed company—performance of company stockThe paper is composed of five chapters.Chapter one mainly discusses the effective of the first part, and make the...
Keywords/Search Tags:stock market, economic growth, cointegration test, regression analysis
PDF Full Text Request
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