[Retracted] Quantitative Evaluation Model of Stock Market Liquidity by Macroeconomic Factors

Table 1

Descriptive statistical results of macroeconomic variables.

	Mean	Standard deviation	Partial degrees	Kurtosis
Shanghai index log yield	0.03	1.63	−0.44	4.35
Industrial added value above designated size	0.12	0.05	0.21	−0.06
M2	0.16	0.04	1.13	2.55
Fiscal revenue	0.17	0.13	0.31	0.23
Fiscal spending	0.18	0.14	0.60	1.70
Total retail sales of consumer goods	0.14	0.05	0.48	0.27
Deposits in financial institutions	0.17	0.04	0.50	0.16
The exchange rate of RMB against US dollar	0.00	0.01	−1.93	20.67
Consumer price index	0.02	0.02	0.59	0.27
Consistent index	0.98	0.04	0.12	−1.31