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Journals / Yaşar Üniversitesi E-Dergisi / 2020 / Cilt: 15 - Sayı: 58

What Drives Foreign Portfolio Investment Flows in South Africa?

Güney Afrika'da Yabancı Portföy Yatırım Akışına Neden Olan Faktörler Nelerdir?

Nuru GİRİTLİ
Sununu Bah IBRAHİM
Pages
368–380
Publication Date
2020-04-30
DOI
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

Both pull and push variables are significant determinants of FPI in the short-run and it returns to the long-run equilibrium at the speed of 73 percent after a short-run shock.

📌 3 Key Takeaways

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Objective & Hypothesis:Abstract: The aim of this study is to examine the macroeconomic indicators that pull and/or push foreign portfolio investment (FPI) inflows in South Africa.
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Key Findings & Data:The bounds test revealed that there is a long run relationship between FPI and its regressors where all the push and pull variables determine the FPI significantly.
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Conclusion & Impact:Both pull and push variables are significant determinants of FPI in the short-run and it returns to the long-run equilibrium at the speed of 73 percent after a short-run shock.
🔬Design:Research Article
📍Scope:Comprehensive Sample
⚙️Variables:Foreign portfolio investment · Push and pull factors · South Africa

Özet

Abstract: The aim of this study is to examine the macroeconomic indicators that pull and/or push foreign portfolio investment (FPI) inflows in South Africa. The ARDL method of co-integration and the bounds test are employed to establish a dynamic relationship between the macroeconomic indicators. The bounds test revealed that there is a long run relationship between FPI and its regressors where all the push and pull variables determine the FPI significantly. The short-run relationship between the FPI and its regressors are also estimated alongside with the rate at which diverging variables return to equilibrium after a short-run shock. Both pull and push variables are significant determinants of FPI in the short-run and it returns to the long-run equilibrium at the speed of 73 percent after a short-run shock.

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Cite This Article

GİRİTLİ, N., IBRAHİM, S. B. (2020). What Drives Foreign Portfolio Investment Flows in South Africa?. Yaşar Üniversitesi E-Dergisi, Cilt: 15 - Sayı: 58, 368–380. https://ajindex.com/articles/193688

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References (1)

  1. Doç. Dr. Derviş Kırıkkaleli (European University of Lefke), Doç. Dr. Nezahat Küçük Doğan (International Final University), Doç. Dr. Çağay Coşkuner (Eastern Mediterranean University)