我國股票市場(chǎng)外部影響因素分析.pdf

1、北方工業(yè)大學(xué)碩士學(xué)位論文我國股票市場(chǎng)外部影響因素分析姓名：許寧申請(qǐng)學(xué)位級(jí)別：碩士專業(yè)：數(shù)量經(jīng)濟(jì)學(xué)指導(dǎo)教師：吳永林吳振信20050402!!互三些盔堂堡主堂垡堡塞AbstractFromtheendofthe1980s，thecenterofoureconomicreformationbegantotransferfromgivingoutauthoritytotheinnovationofsystemUnderthecircumstan

2、ce，agreatdealofnewstockenterprisecameforthandthebuildingofunifiedsecuritiesbusinessisstaredinthefaceSoon19December1990，ShangHaistockexchangecumeintoexistenceAndon3April1991，ShenZhenstockexchangeWaSalsobuildupThefunctiono

3、fthetwostockexchangebecamethemostimportantexordiumofthedevelopmentofowsecuritiesbusinessThestockmarketoccupies∞importantstatusinthesecuritiesbusinessInthewestthestockmarketiscalledtherainglassofnationaleconomybecauseitca

4、nchangebeforethechangeofeconomyperiodHowever，thefactofourshaSn’treflectitFrom1998，ourGDPhaSalwaysgoneup8％，normallythebaSicfaceofeconomyshouldbepropitioustotheplaciditydevelopmentofourstockmarket，Butthefactisthetruedeviat

5、ionofoBrstockmarketfromthebasicfaceofeconomyUptoMarch2005，ShangHaistockindexhasfailedunder1200What’SthereaSon7Aimingatthisquestionthetextinvestigatesthefollowingfivepatts：ThefirstchapterThroughthemultianalysis，itCanbecon

6、cludedthatthestockindexisaffectedmorebythesupplythanthedemandThesecondchapterCointegrationisusedtoanalysistherelationshipofthestockindexandthefactorsofthemacroeconomyTheresultisthedeviationofourstockmarketfromthebaSicfac

7、eofeconomyThethirdchapterBaSedonGARCH—Mmodelthereisafaintminusrelationshipbetweenthestockindexandtherate；them2hasanotablepositiveeffectonthestockindexThefourthchapterDOWNSHANGSENGandSINGAPOREarecorrelatedwithourstockinde

8、xHANGSENGhasamoreeffectonOUISThelaStchapterThetextestablishedthedummypoliticalvariableequation，them2affectsthestockindexmost；thesupplyaffectsthestockindexleaSt；thegovernmentvariablehaSaminusrelationwiththestockindeXonthe