Stock market and economic growth:The empirical study of China
This paper investigates the long-term relationship between stock market development and economic development in China.Although there were evidences that they are interacting,some argued stock market development spurred the economy growth and some didnt find this link.In this paper,a cointegration and causal test are used to study relationship on them in China.The data set are divided into three subsections.We find that stock market development did not caused economic growth.This reason might be that the market institution is not mature.
Stock market development Economic growth Co-integration Granger causality test
Dapeng JI
School of Management Henan University of Technology Zhengzhou,P.R.China
国际会议
上海
英文
230-234
2010-06-22（万方平台首次上网日期，不代表论文的发表时间）