Archaeology

Capitalization-weighted index

Stock (firearms)

Financial crisis

Financial economics

Granger causality

Macroeconomics

Econometrics

China

Economics

Geography

Composite index

Context (archaeology)

Composite indicator

Stock market

Stock market index

Variance decomposition of forecast errors

Journal of Jiamusi University

According to China's stock market and the American stock index,the macroeconomic barometer,the paper analyzed the correlation of the stock market of China and the United States after the crisis. This paper built a VAR model on logarithmic return rate( 2012 /6 /26 ~ 2014 /9 /30) of Shanghai Stock Composite Index and USA Dow Jones industrial average index. Further,empirical analysis was made using Granger causality test,impulse response and variance decomposition. The result showed that in the post-crisis age,when the previous day logarithmic return rate of the Dow Jones industrial average index changed one unit,the Shanghai stock composite index's day logarithmic return rate moves 0. 165013 units. In the short term,the us stock market has the effect of single direction on China's stock market and not the converse.

Analysis on Co-movement of Stock Markets of China and USA in the Post-crisis Age