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Impact of Investment in the Stock Market China Case Study (1993-2015)

أثر الاستثمار في سوق الأوراق المالية دراسة حالة الصين خلال الفترة (1993-2015)

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 Publication date 2018
and research's language is العربية
 Created by Shamra Editor




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This study aims to measure the impact of investment on the stock market in China, based on the assumption that increased investment leads to higher stock market index, using annual data for the period 1993 to 2015, where two explanatory variables have also been added: the exchange rate and inflation. The descriptive method was used to present the concepts of variables, In addition to the statistical method which use the tests of stationary, normal distribution, multiple linear regression equation, which was estimated by the OLS method, and causal test, by using (Eviews8).


Artificial intelligence review:
Research summary
تهدف الدراسة إلى قياس تأثير الاستثمار في سوق الأوراق المالية في الصين خلال الفترة من 1993 إلى 2015. تعتمد الدراسة على فرضية أن زيادة الاستثمار تؤدي إلى ارتفاع مؤشر سوق الأوراق المالية. استخدمت الدراسة بيانات سنوية وأدخلت متغيرين إضافيين هما سعر الصرف والتضخم. تم استخدام الأسلوب الوصفي والإحصائي لاختبار الفرضيات باستخدام اختبارات السكون، التوزيع الطبيعي، ومعادلة الانحدار الخطي المتعدد بطريقة المربعات الصغرى العادية (OLS)، واختبار السببية باستخدام البرنامج الإحصائي Eviews8. توصلت الدراسة إلى وجود علاقة طردية ذات دلالة إحصائية بين الاستثمار ومؤشر سوق الأوراق المالية، وأن المتغيرات مستقرة عند فروقها الأولى. كما أظهرت اختبارات السببية وجود علاقة أحادية الاتجاه من الاستثمار إلى مؤشر سوق الأوراق المالية، وأيضاً من مؤشر سوق الأوراق المالية إلى التضخم.
Critical review
تعد هذه الدراسة خطوة مهمة في فهم العلاقة بين الاستثمار وسوق الأوراق المالية في الصين، إلا أنها تفتقر إلى تحليل أعمق للعوامل الأخرى التي قد تؤثر على هذه العلاقة. على سبيل المثال، لم يتم تناول تأثير السياسات الحكومية أو العوامل الدولية بشكل كافٍ. كما أن الاعتماد على بيانات سنوية قد لا يعكس التغيرات الديناميكية في السوق بشكل دقيق. من الأفضل أن تشمل الدراسة تحليلاً لفترات زمنية أقصر مثل البيانات الشهرية أو الربع سنوية لتحسين دقة النتائج.
Questions related to the research
  1. ما هي الفرضية الأساسية التي تقوم عليها الدراسة؟

    الفرضية الأساسية هي أن زيادة الاستثمار تؤدي إلى ارتفاع مؤشر سوق الأوراق المالية في الصين.

  2. ما هي المتغيرات الإضافية التي تم إدخالها في الدراسة؟

    تم إدخال متغيرين إضافيين هما سعر الصرف والتضخم.

  3. ما هي النتائج الرئيسية التي توصلت إليها الدراسة؟

    توصلت الدراسة إلى وجود علاقة طردية ذات دلالة إحصائية بين الاستثمار ومؤشر سوق الأوراق المالية، وأن المتغيرات مستقرة عند فروقها الأولى. كما أظهرت اختبارات السببية وجود علاقة أحادية الاتجاه من الاستثمار إلى مؤشر سوق الأوراق المالية، وأيضاً من مؤشر سوق الأوراق المالية إلى التضخم.

  4. ما هي الأدوات الإحصائية التي استخدمها الباحث في الدراسة؟

    استخدم الباحث اختبارات السكون، التوزيع الطبيعي، ومعادلة الانحدار الخطي المتعدد بطريقة المربعات الصغرى العادية (OLS)، واختبار السببية باستخدام البرنامج الإحصائي Eviews8.


References used
Andraos, Aadaaf Wealeam, 2006- Asoak alAoraaq alMalia, bean thororat altahol alAktasadia ou altaharr alMalia ou Motaalbaat tatoearh, daar alFaakr alJamia, alSkandaria, safha 844
AlHamza, Aabad alKaadr, 2010- Assaseat alBorsaa ou Kaoaad Aktasadiat alSthmaar alMalia, daar alKattab alHadeath, alQahear, safh 208
Khlial, Samy, 1994, Nathreat Aktasad alKolia alHadeath, aljaza althane, alKoeat, safha 844
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