التفاصيل البيبلوغرافية
| العنوان: |
金價、銅價對道瓊工業平均指數與美國工業生產指數關係之研究 ; A Research of the Relationships among Gold Price,Copper Price,Down Jones Industrial Average Index and U.S. Industrial Production Index |
| المؤلفون: |
楊智欽, Yang, Chih-Chin |
| المساهمون: |
財務金融研究所碩士在職專班, 林軒竹, Lin, Hsuan-Chu |
| سنة النشر: |
2021 |
| مصطلحات موضوعية: |
金價, 銅價, 道瓊工業平均指數, 工業生產指數, 單根檢定, Granger 因果關係檢定, Johansen 共整合檢定, Gold Price, Copper price, Dow Jones Industrial Average Index, Industrial Production Index, Unit Root Test, Johansen Co-integration test, Granger Causality Test, museo, hisphilso |
| الوصف: |
本文就黃金、銅兩種金屬所具備的投資與商品屬性，以倫敦黃金現貨價格、倫敦高級銅極現貨價格與美國道瓊工業平均指數及美國工業生產指數為研究對象，選取2008年1月至2021年1月之月資料，運用ADF單根檢定、向量誤差修正模型、Johansen共整合檢定、Granger因果關係檢定等時間序列方法進行分析。實證研究發現：一、倫敦黃金現貨價格、倫敦高級銅極現貨價格與美國道瓊工業平均指數及美國工業生產指數具有一共整合關係，顯示存在長期的均衡關係。二、由Granger因果關係檢定顯示，金價單向領先銅價；美國工業生產指數單向的領先銅價；金價單向的領先道瓊工業平均指數；銅價單向的領先道瓊工業平均指數。本文得出金價與美國工業生產指數皆能影響銅價，而金價與銅價亦會影響股市之研究結果，可提供做為市場的投資人或是生產者在決策時之參考依據。 ; This article focuses on the investment and commodity attributes of gold and copper, using London gold spot prices, London copper spot prices, the U.S. Dow Jones Industrial Average Index and the U.S. Industrial Production Index as the research objects. The monthly data from January 2008 to January 2021 are analyzed using time series methods such as ADF test, vector error correction model, Johansen co-integration test, and Granger causality test. The empirical results found that: 1. The London gold spot price and London copper spot price have a co-integration relationship with the Dow Jones Industrial Average and the U.S. Industrial Production Index, showing that there is a long-term equilibrium relationship. 2. The Granger causality test shows that the price of gold is one-way ahead of the price of copper; the U.S. Industrial Production Index leads the price of copper; the price of gold leads the Dow Jones Industrial Average; and the price of copper leads the Dow Jones Industrial Average. This article concludes that both the gold price and the U.S. Industrial Production Index can affect the price of copper, and the price of gold and copper will also affect t the stock market, which can provide a reference basis for market investors or producers when making decisions. |
| نوع الوثيقة: |
thesis |
| اللغة: |
unknown |
| Relation: |
http://ir.lib.ncku.edu.tw/handle/987654321/205885 |
| الاتاحة: |
http://ir.lib.ncku.edu.tw/handle/987654321/205885 |
| Rights: |
undefined |
| رقم الانضمام: |
edsbas.E7D96948 |
| قاعدة البيانات: |
BASE |