Empirical research on the relationship between futures market and economic growth in China Based on the VAR model

This paper establishes the vector autoregressive (VAR) model by making the use of the data of futures market and economic growth in China during 2000-2012, and analyzes their internal relationship by unit root test, EG cointegration test, Granger-cause test, impulse response function and variance decomposition et al. This paper finds that economic growth could promote the stable development of futures market, and on the other hand, the counteraction of the development of the futures market on economic growth should be reinforced.