| 基于生命周期理论的住房与股票财富效应研究 |
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| 引用本文： | 李进涛.基于生命周期理论的住房与股票财富效应研究[J].湖北工业大学学报,2011(6):92-95. |
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| 作者姓名： | 李进涛 |
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| 作者单位： | 湖北工业大学土木工程与建筑学院 |
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| 基金项目： | 湖北省教育厅人文社会科学研究项目(2010q040) |
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| 摘 要： | 借鉴生命周期理论构建财富效应模型,以1998年1季度至2010年3季度数据为样本,运用协整理论,对我国住房与股票的财富效应进行理论和实证分析。研究发现,城镇住房资产的财富效应为负,城镇居民持有的股票资产并未产生显著的财富效应,或者产生了微弱的负向财富效用。
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| 关 键 词： | 住房 股票 生命周期理论 财富效应 协整 |
An Empirical Analysis of Housing and Stock Wealth Effects Based on the Life Cycle Theory |
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| LI Jin-tao.An Empirical Analysis of Housing and Stock Wealth Effects Based on the Life Cycle Theory[J].Journal of Hubei University of Technology,2011(6):92-95. |
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| Authors: | LI Jin-tao |
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| Affiliation: | LI Jin-tao(School of Civil Engin.and Architecture,Hubei Univ.of Tech.,Wuhan 430068,China) |
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| Abstract: | The purpose of this paper is to explore the wealth effects of housing and stock in China.The model of wealth effects was built based on the life cycle theory.With the cointegration theory,the wealth effects of housing and stock were analyzed theoretically and empirically over the period 1998Q1 to 2010Q3.The results show that the housing had negative wealth effects,while the stock had no significant wealth effects,or the weak negative effects. |
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| Keywords: | housing stock life cycle theory wealth effects cointegration |
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