This paper probes on the relation between stock price and macroeconomic variables by using Co-integration test.It Proves a long-term balance between stock index and industrial output,consumer price,a fluctuation of stock index caused by the variation of consumer price index and money supplies,which in return lead to a change in industry output value and consume expenditure.In short,a Co-integration Relationship is proved to exist between stock index and macroeconomic variables,which can...
