房产指数与上证指数关系的实证分析

股票市场经过将近20年的发展,逐步走向成熟和完善。股票市场的发展离不开经济的支持,从目前来看,房地产是拉动经济发展的主要动力,房地产指数与上证指数的关系也成为研究的重要领域。本文收集最新的数据,选取上证指数和房地产指数两指标,采用单位根检验、协整检验和格兰杰因果检验,对两指标进行实证分析,实证结果表明研究房产指数与上证指数之间既不存在协整关系,也不存在格兰杰因果关系。

Empirical Analysis on the Relationships between Shanghai Composite Index and Real Estate Index

With development for nearly 20 years, Stock market which can't release off the economic support gradually gets improved and perfected. Under the condition that real estate playing as key driving force for economic development, research of the relationship between real estate index and Shanghai Composite Index has also become an important field. This papers empirically analyses the relationships between Shanghai Composite Index and real estate Index by the way of using unit root test, Cointegration Test and Granger test with the latest data, the research of which finally shows no existence of cointegration and Granger causality relationship.