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Derginin Adı:
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dumlupınar üniversitesi sosyal bilimler derggisi
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Cilt:
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2018/1
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Sayı:
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58
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Makale Başlık:
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The Long-Run Impact of Globalizationo Portfolio Investments: Panel Evidence
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Makale Alternatif Dilde Başlık:
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Alternatif dilde başlık bulunmamaktadır. There is no article title in another language.)
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Makale Eklenme Tarihi:
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30.11.2018
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Okunma Sayısı:
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1
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Makale Özeti:
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Globalization may play an important role in attracting portfolio investment in both short-run and long-run. In order to test the validity of this relation, this study empirically examines the long-run relationship between globalization and portfolio investments by using a balanced panel data of 66 countries covering the period of 2004-2014. The results gathered from panel cointegration tests reveal that there exists a positive statistically significant association between globalization and porfolio investments in both short-run and long-run. According to the findings, if globalization index value goes up by 1% then portfolio investments increase by 5.8% in the long-run whereas this rise is just by 3.9% in the short-run. Besides, panel causality test results show that there is a two-way causality between globalization and portfolio investments.
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Alternatif Dilde Özet:
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Alternatif dilde abstract bulunmamaktadır. (There is no abstract in another language.)
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