摘要
本文结合中国资本流动的特点,加入证券市场价格及房地产价格水平两个变量实证分析了1982～2004年对我国国际资本流动的影响。结果表明对中国资本流动影响最显著的因素依次为利率、汇率、房地产价格指数和证券市场价格。
this article joined two variables, which are the stock market price and the real estate price level has analyzed 1982 -2004 Chinese capital flow data according to the characteristic of Chinese capital flow. The result indicates Chinese capital flow was most remarkably affected by factors that in turn are the interest rate, the exchange rate, the real estate price index and the stock market price, Exchange rate change influences more than the exchange rate absolute level on the international capital flow; Moreover with the Chinese domestic economy growing, the real estate price level influences remarkably the international capital flow more and more; The stock market price level is not extremely remarkable to the international capital flow influence, because of the control of Chinese capital account.
出处
《特区经济》
北大核心
2007年第10期28-30,共3页
Special Zone Economy
基金
上海市哲学社会科学规划课题的阶段性研究成果
关键词
国际资本流动
利率
汇率
证券市场价格
房地产价格
Flnternational capital flow
Interest
Exchange rate
Stock market price
Real estate price
