| Summary: | 碩士 === 國立高雄應用科技大學 === 國際企業研究所 === 106 === Since the industrial revolution and technological progress, the economy has gradually developed with the industrialized and urbanized countries. The United States has been the world's largest economy since 1894. After the U.S. subprime mortgage crisis triggered a national financial crisis in 2008, the global economic trend has been unstable, the raw material prices have fluctuated drastically and the stock markets have become much more unpredictable. The U.S. has proposed a "re-industrialization" strategy to revive the real economy. This study discusses the relationship among the U.S. industry index, raw materials prices and the U.S. stock market volatility. This study is including Vector Autoregressive Model, Impulse Response Analysis and Forecast Error Variance Decomposition. This empirical result indicates that the U.S. industry index and raw materials prices influenced on the U.S. stock market, but the U.S. industry index and raw materials prices isn’t influenced by the U.S. Stock Market.
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