| 投资者情绪、股票市场流动性和经济增长 |
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| 引用本文： | 李春红,彭光裕. 投资者情绪、股票市场流动性和经济增长[J]. 技术经济, 2011, 30(5): 105-108,123 |
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| 作者姓名： | 李春红 彭光裕 |
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| 作者单位： | 重庆大学,经济与工商管理学院,重庆,400030 |
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| 摘 要： | 采用2000—2009年的GDP、股票市场流通市值以及交易值的季度数据,从实证角度对此时段的投资者情绪、股票市场流动性和资本化率进行计量分析,通过ADF单位根检验、Johansen协整检验及Granger因果检验研究投资者情绪、股票市场流动性和股票市场发展之间的关系,进而揭示了投资者情绪影响经济增长的途径。结果显示,投资者情绪和股票市场流动性是经济增长的格兰杰原因。
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| 关 键 词： | 投资者情绪 股票市场 |
Investor Sentiment,Stock Market Liquidity and Economic Growth |
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| Li Chunhong,Peng Guangyu. Investor Sentiment,Stock Market Liquidity and Economic Growth[J]. Technology Economics, 2011, 30(5): 105-108,123 |
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| Authors: | Li Chunhong Peng Guangyu |
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| Affiliation: | (School of Economics and Business Administration,Chongqing University,Chongqing 400030,China) |
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| Abstract: | From the empirical point of view,this paper analyzes the relationship among investor sentiment,stock market liquidity and capitalization rate through using the quarterly data from 2000 to 2009,and then reveals the way in which investor sentiment affects economic growth.The results show that investor sentiment and stock market liquidity are the Granger cause of economic growth. |
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| Keywords: | investor sentiment stock market |
| 本文献已被 CNKI 维普 万方数据 等数据库收录！ |
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