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

Table 9

Significance of each macrovariable.

Effect	M1	CPI	ER
Horizontal effect	Significantly positive at the 10% level	Significantly negative at the 1% level	Significantly negative at the 10% level
Wave effect	Significantly positive at the 1% level	Not significant	Significantly negative at the 1% level