以下为句子列表：
英文: But whereas in America and Britain it is now bigger than that of financial assets, in most other countries the wealth effect from share and bond portfolios is still greater.
中文: 但鉴于美、英庞大的金融资产，其他大多数国家的股票和债券组合财富效应仍然较大。
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英文: In this article, Granger causality test and co-integration test are employed to analyze the wealth effect of the real estate market in China.
中文: 摘要本文应用格兰杰因果关系检验和协整分析方法，对我国房地产市场的财富效应作了实证分析。
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英文: The results suggest that there is no wealth effect in the market but only substitution effect.
中文: 实证结果表明，我国房地产市场不具有财富效应而仅具有替代效应。
更详细...
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