International Stock Market Correation Analysis— Spatial Econometric Analytic Method

• Main Authors: Tim Lin, 林孝恩
• Other Authors: Nai-Fong Kuo
• Format: Others
• Language: zh-TW
• Published: 2005
• Online Access: http://ndltd.ncl.edu.tw/handle/00433659232604721832

碩士 === 世新大學 === 財務金融學研究所(含碩專班) === 93 === USA’s 911 terrors attack. It has as caused heavy losses to the pair of Sub- Star building which the global most greatly economical at New York world trade center. Global each big stock market presents the phenomenon in abundance which frustrates again. Thus it may be known the global stock market each other has the co-movement. In many domestic and foreign research. Truly also all proved various countries' stock market each other has the co-movement. Therefore this research goal. It is take national each big stock market as the research object. Hope penetration related finance market structure, economical trade, political and government factor, and in use Gravity model and Spatial Econometrics method. Which factors influence discusses between the various countries stock market co-movement to be able to come under. As well as various countries' stock market co-movement. As well as various countries' stock market co-movement in spatial whether also can have the mutual influence. Beside, which factors moreover is the research another subject discusses the equity investment flow between both countries to be able to receive the influence. The findings of of showed both countries stock market the correlation coefficient truly can receive both countries the political stability, democratization, the exportation (i country exports j country's amount), the FDI net inflow, distance, time difference as well as when the inferior factor influence. In both countries between equity investment flow part, then is can receive both countries exportation and GDP influence.