For both Chinese markets, the significance of the country beta and of the errorcorrectionterm is regime - dependent.
对中国市场来说,国家贝塔值和错误纠正项的重要性紧密相连。
2
From the errorcorrection model, We see that the errorcorrection terms all have the ability to adjustment, there are short-to long-term dynamic adjustment processes.
从误差修正模型看,误差修正项均具有反向调整能力,存在短期到长期的动态调整过程。
3
The ErrorCorrection Model between them is built by EG two-step method with the correlative long-term effect and short-term effect on import.