Investigation of the Linkage among China’s Macroeconomy, Stock Market and Real Estate Market
Open Access
- 21 April 2013
- journal article
- Published by Center for Strategic Studies in Business and Finance SSBFNET in International Journal of Finance & Banking Studies (2147-4486)
- Vol. 2 (2), 1-7
- https://doi.org/10.20525/ijfbs.v2i2.141
Abstract
As two important constituents of China’s macro economy, there are a variety of relationships among China’s stock market, real estate market and its macro economy. In order to investigate these relationships, in this paper, especially with the Macroeconomic Boom Index reflecting China’s macro economy, we use cointegration theory and Granger analysis to demonstrate that there are long-term equilibrium relationship and bidirectional causality between the macro economy and the securities business, also between the macro economy and the real estate market, however, this kind of long-term Equilibrium relationship and bidirectional causality appears very weak.Keywords
This publication has 6 references indexed in Scilit:
- Stock market development and economic growth: Evidence from seven sub-Sahara African countriesJournal of Economics and Business, 2009
- The credit channel of monetary policy: Evidence from the housing marketJournal of Macroeconomics, 2008
- Stock market development and economic growth in BelgiumExplorations in Economic History, 2006
- Financial markets and economic growth in Greece, 1986–1999Journal of International Financial Markets, Institutions and Money, 2005
- Financial Markets and Economic Growth in GreeceSSRN Electronic Journal, 2004
- Review: Lawman: The Life and Times of Harry Morse, 1835-1912, by John BoesseneckerCalifornia History, 1999