Research Article
Simulation Study on Chinese Stock Market Development Based on System Dynamics Model
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@INPROCEEDINGS{10.1007/978-3-030-72792-5_22, author={Chenggang Li and Tao Lin}, title={Simulation Study on Chinese Stock Market Development Based on System Dynamics Model}, proceedings={Simulation Tools and Techniques. 12th EAI International Conference, SIMUtools 2020, Guiyang, China, August 28-29, 2020, Proceedings, Part I}, proceedings_a={SIMUTOOLS}, year={2021}, month={4}, keywords={Stock market development System dynamics Simulation}, doi={10.1007/978-3-030-72792-5_22} }- Chenggang Li
Tao Lin
Year: 2021
Simulation Study on Chinese Stock Market Development Based on System Dynamics Model
SIMUTOOLS
Springer
DOI: 10.1007/978-3-030-72792-5_22
Abstract
This paper selects money supply, interest rate and gross domestic product (GDP) as the key variables that affect the stock market value, and builds a system dynamics simulation model. The annual data from 2011 to 2018 are selected to simulate and analyze the impact of money supply, interest rate and GDP on the development of the stock market by adjusting the values of key variables. The simulation results show that money supply and GDP have a positive effect on stock market value, while interest rate has a negative effect on stock market value.
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