| The producing chain announces the mechanism of the price conducts chain. That is to say the price of raw materials will influence the semi-manufactured price and the semi-manufactured price will influence the price of the consumer goods. So the rising of raw materials price will cause importing inflation. The bulk stock price will exert an influence on macroscopically price mechanism. Macroscopically price mechanism causes become operative through the transmittance process of the micro price. So it is very important to contact macroscopic with microscopic economic to do bulk stock study.This paper studies the impact on price mechanism in China of the bulk commodity price from two respects of macroscopic and microcosmic.The first part is macroscopic study. This part is divided into five steps. The first step is about the background of study. And introduce recommended research results of the domestic scholar and innovation in this paper. Then propose hypothesis for test. And then show the method and data. This paper adopts VAR and Granger causality model and CRB, RICI, PPI and CPI to examine. Subsequently, demonstrate the outcome of examination. The international bulk goods price index can guide PPI of China and the United States, but PPI can't guide CPI in China, PPI can guide CPI in America. In order to make the conclusion more reliable, increased link index sane test. The result is the same as before. Finally summarizes the conclusion of macro study.The second part is microcosmic study. This part is divided into four steps. The first demonstrate studying and supposing. Then show the method and data. The methods are used describing statistics analysis and panel data model. The data is CRB categorized index and profit guide line of listed company in China. Then gave out the results of modeling test. All of outcomes are true of hypothesis.The last part put forward the suggestion for the Governmental Authority. This is also the value of this paper. |
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