| 股票市场和房地产市场财富效应比较研究:2001～2010年 |
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| 引用本文： | 胡跃红,黄婧.股票市场和房地产市场财富效应比较研究:2001～2010年[J].特区经济,2012(5):103-105. |
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| 作者姓名： | 胡跃红 黄婧 |
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| 作者单位： | 长沙理工大学经济与管理学院 |
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| 摘 要： | 基于财富效应理论,利用我国2001~2010年的上证综合指数、房地产价格指数、城镇居民收入、城镇居民储蓄和居民消费的季度数据建立ECM模型。模型结果表明:房地产市场是扩张的财富效应,股票市场是收缩的财富效应;房地产资产的财富效应大于股票资产的财富效应。最后,根据我国城镇居民资产与消费现状进行原因探究,并提出相关建议。
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| 关 键 词： | 股票市场 房地产市场 财富效应 ECM |
Stock market and real estate industry market fortune effect comparison research:20012010 |
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| Hu Yue Hong Huang Jing.Stock market and real estate industry market fortune effect comparison research:20012010[J].Special Zone Economy,2012(5):103-105. |
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| Authors: | Hu Yue Hong Huang Jing |
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| Institution: | Hu Yue Hong Huang Jing |
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| Abstract: | Based on the wealth effect theory,I use the quarterly data of 2001-2010 China’s Shanghai Composite Index,real estate prices,urban residents’ income,savings and consumption of urban residents to establish ECM model.Model results show that: the wealth effect of the real estate market is expansion,stock market wealth effect is a contraction;,the wealth effect of real estate assets is greater than the wealth effect of stock assets.Finally,According to the assets and consumption of urban residents to explore the reasons for the current situation,and make recommendations. |
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| Keywords: | the real estate market the stock market wealth effect ECM |
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