This conclusion is proved in the volatility spillover effect model.
这一结论在波动溢出效应模型中也得到了验证。
If there is volatility spillover effect on growth, moderate volatility will promote growth.
如果波动性对于增长水平存在“溢出效应”，则适度经济波动将促进经济增长。
The paper makes use of Granger causality test and GARCH model to tests the return spillover and volatility spillover effect.
本文将利用两步法的GARCH模型对股票市场和权证市场的均值溢出和波动溢出进行检验。
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