Design of World Stock Market Unified Index and Its Application

WANG Li-min; XUE Ya-jia; ZHU Xiao-hui

Volume 28 Issue 1

Jun. 2021

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Article Navigation > Journal of University of Science and Technology Beijing ( Social Sciences Edition) > 2012 > 28(1): 103-111

WANG Li-min, XUE Ya-jia, ZHU Xiao-hui. Design of World Stock Market Unified Index and Its Application[J]. Journal of University of Science and Technology Beijing ( Social Sciences Edition), 2012, 28(1): 103-111.

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WANG Li-min, XUE Ya-jia, ZHU Xiao-hui. Design of World Stock Market Unified Index and Its Application[J]. Journal of University of Science and Technology Beijing ( Social Sciences Edition), 2012, 28(1): 103-111.

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Design of World Stock Market Unified Index and Its Application

School of Dongling Management, University of Science and Technology Beijing, Beijing 100083, China

Received Date: 2012-02-10
Available Online: 2021-06-24

Abstract

Abstract

In this paper, making the seventy-five countries as simples, we first use computing methods of Passche weighted and simple average to present an index design method of change rate based on formation principle of index, and then work out stock price indexes of Asia-Pacific, America and Europe, respectively.We draw up a unified index of global stock market according to the three regions.Finally, we empirically make a analysis of the correlation.between world stock index and region stock index.We use Granger causality method to test the causal relationship between world stock index and GDP.The results indicate that world stock market is the "barometer" of world' national economy.
- world stock index,
- GDP,
- Granger causality test

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