An asymmetric cointegration approach of foreign portfolio investment-growth nexus

• المؤلف الرئيسي: Duasa, Jarita
• التنسيق: مقال
• اللغة: English
• منشور في: Serials Publications (New Delhi, India) 2011
• الموضوعات: HA154 Statistical data; HB131 Methodology.Mathematical economics. Quantitative methods; HB3711 Business cycles. Economic fluctuations
• الوصول للمادة أونلاين: http://irep.iium.edu.my/31554/1/An_Asymmetric_Cointegration.pdf; http://irep.iium.edu.my/31554/; http://www.serialspublications.com/journals1.asp?jid=388

The present study attempts to analyze the long-run equilibrium relationship between foreign portfolio investment (FPI) and real Gross Domestic Product (GDP) by cointegration tests assuming asymmetric adjustment. Following Enders and Siklos (2001), the Engle-Granger two-step cointegration test is exp...