The Study of Relationship between Stock Market and Business Cycle：The Application of Markov-Switching Vector Error Correction Model (MS-VECM)
碩士 === 銘傳大學 === 財務金融學系碩士班 === 92 === This paper discusses the long term equilibrium and short term dynamics between stock market returns and business cycles. Most researches apply macroeconomic variables such as Industrial Production Index or GDP to predict business cycles. This paper uses the Leadi...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Others |
| Language: | zh-TW |
| Published: |
2004
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| Online Access: | http://ndltd.ncl.edu.tw/handle/sbb7qc |