房地产价格与股票价格的互动关系研究

hrough theoretical analysis，the paper empirically examines interactive relationship between real estate price and stock price in the quarter period of 1998-2008. The results show that the real estate price is significant in explaining the stock indexmovements, while the stock index is found to be not significant to real estate price. And in terms of long-term or short-term, the change of real estate price have significant impact on stock price.