CAJ | 학술논문

基于全球41个地区的2008--2010年数据，论文建立各地区股票指数与经济增长、通货膨胀、货币供应量、利率水平、汇率、国际储备、贸易总额之间的空间计量经济模型，从全球视角对影响股票价格指数的宏观影响因素进行了实证分析。研究发现，股票指数具有显著空间集聚作用，与制度空间因素具有显著相关关系等结论。
기우전구41개지구적2008--2010년수거，논문건립각지구고표지수여경제증장、통화팽창、화폐공응량、리솔수평、회솔、국제저비、무역총액지간적공간계량경제모형，종전구시각대영향고표개격지수적굉관영향인소진행료실증분석。연구발현，고표지수구유현저공간집취작용，여제도공간인소구유현저상관관계등결론。
This paper gives an empirical analysis of the macro-factors and the data from 41 regions from 2008 to 2010 that affect the stock price index from a global perspective and establishes a spatial econometric model in connection with the stock index and economic growth, inflation, money supply, interest rates, exchange rates, international reserves, and the total volume of trade. It concludes that the stock index plays a key role in the spatial agglomeration, and has a close relation to the institu- tional spatial factors.