Analysis on Influence Factors of Shanghai Composite Index

摘要

In this paper, we use time series analysis as research tool, at the same time, the VAR model, ADF Test, impulse response, variance decomposition and other methods to study the effects of different factors to the stock price in China's market, also we explore the mechanisms of these factors. The results show that All dates are full of first-order single. The impact of macroeconomic variables are the existence of Shanghai Composite Index.