摘要
针对沪市红利指数和上证综合指数,提出利用单位根、协整检验方法对中国沪市泡沫做相关实证分析.结果表明,自2005年以来中国股市已出现了很明显的泡沫(包括非理性泡沫).
Based on the Shanghai dividend index and Shanghai composite index, the paper explores the bubbles of Shanghai stock market empirically by using the method of unit root and cointegration. The empirical result shows that our stock markets have bubbles （including irrational bubbles） obviously from 2005.
出处
《中国科学院研究生院学报》
CAS
CSCD
2008年第5期677-681,共5页
Journal of the Graduate School of the Chinese Academy of Sciences
关键词
股票市场
泡沫
理性泡沫
协整检验
stock market, bubble, rational bubble, test of cointegration
