文章基本信息

标题：Modelling the Determinants of Foreign Portfolio Investments: A Bounds Testing and Causality Analysis for Jordan
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作者：Mohamed Ibrahim Mugableh ; Mohammad Salem Oudat
期刊名称：Academy of Accounting and Financial Studies Journal
印刷版ISSN：1096-3685
出版年度：2018
卷号：22
期号：4
页码：1-8
语种：English
出版社：The DreamCatchers Group, LLC
摘要：This paper models the variables that affect foreign portfolio investments in Jordan for the period of 1978-2016. To fulfil to goals of the paper, autoregressive distributed lag approach and vector error correction model have been employed. Results show the existence of co-integration between foreign portfolio investments and their determinants (i.e., domestic market capitalization, foreign direct investments, money supply, and government expenditures). Granger causality based on vector error correction model shows bidirectional causality among variables in long-run and short-run. However, the results of this paper provide different recommendations to policy makers in Jordan’s government..
关键词：ARDL Approach;Foreign Portfolio Investments;Jordan;VECM