The paper is aiming to study the relativity of changes in stock price between banking and real-estate by empirical research with methods such as ADF unit root test, Granger causality test, Johansen co-integration test. According to the experimental data, there exists a long-term co-integration relation between the two business, and the change of banking can lead to a alteration of real-estate.%本文采用ADF单位根检验,Granger因果检验、Johansen协整检验等计量方法,对银行类股价和地产类股价变动的的相关关系进行了实证研究,结果发现两者之间存在长期的协整关系,并且银行股指是地产股指变动的原因.
展开▼
