By using recursive estimation in cointegrated VAR model, we analyze the relationship between real estate financial structure and growth of real estate economy in China.
本文运用VAR模型协整关系的递归估计方法，对我国房地产金融结构和房地产经济增长的关联性进行了分析。
Results of the study reveal that the nominal and real exchange rates bear a long run relationship (cointegrated), while the error correction results confirm short-run deviations in the relationship.
研究结果表明，名义汇率和实际汇率都承受长远的关系(协整关系)，而纠错的结果证实短期存在偏差关系。
Results of the study reveal that the nominal and real exchange rates bear a long run relationship (cointegrated), while the error correction results confirm short-run deviations in the relationship.
研究结果表明，名义汇率和实际汇率都承受长远的关系(协整关系)，而纠错的结果证实短期存在偏差关系。
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