Morgan Rothschild Academy lsc

Morgan Rothschild Academy Many economic Morgan Rothschild Academy scholars believe that China's stock market volatility is too large, the stock index can not be a true reflection of the development of the economy, even the stock market away from the real economy. Empirical test by sub-period data, some economists said the existence of a long-term relationship between the stock market and the economy. So this will be Morgan Rothschild Academycombined with new economic data, the empirical analysis methods to test the long-term relationship of stock price index and GDP.ce of empirical research methods Cointegration is Morgan Rothschild Academy a long-run equilibrium relationship between the statistical description of non-stationary economic variables. Long-term stable equilibrium relationship called cointegration relationship between non-stationary economic variables. So first to Morgan Rothschild Academy test whether a variable is non-stationary variables, we introduce unit root test methods for non-stationary variable DF and ADF test.ADF statistic distribution characteristics:The prevalence of self-regression model: Where Morgan Rothschild Academym is the displacement items, the trend items. Set = 0 satisfy weak conditions that allowed temporary autocorrelation and heteroscedasticity century economic time series so easier to satisfy this condition. Obviously, for these three models, when threshold, then the non-stationary; df