The Effect of Economic Freedom on Foreign Portfolio Investments: Evidence from the Caricom Single Market and Economy
學年 108
學期 2
出版（發表）日期 2020-06-04
作品名稱 The Effect of Economic Freedom on Foreign Portfolio Investments: Evidence from the Caricom Single Market and Economy
作品名稱（其他語言） 經濟自由度對外國投資組合的影響-加勒比共同體之實證研究
著者 孟雅璿
單位
出版者
著錄名稱、卷期、頁數
摘要 This study intends to investigate the effect of economic freedom on foreign portfolio investments in the case of the Caricom Single Market and Economy. For this purpose, this study has used data from 2012 to 2016. The results of the stationarity test showed that data of all variables considered in the study are stationary at level. Moreover, the fixed effect model better modelled the data as suggested by the results of the Hausman test. Based on the results of the fixed effect models, economic freedom has a significant and positive effect on the total foreign portfolio investments. Therefore, an increase in the economic freedom among the Caricom Single Market and Economy member countries will attract more investors to invest in their country stocks and debt instruments. Furthermore, for robustness of the results, the study has also estimated a separate regression model for foreign debt portfolio investments and foreign equity portfolio investments which also support the baseline regression results and showed a significant and positive effect of economic freedom on both foreign debt and foreign equity portfolio investments. This study suggests that the member countries of the Caricom Single Market and Economy improve their economic freedom which will attract more foreign investors to invest in their countries.
關鍵字 Economic freedom;Foreign debt portfolio investments;Foreign equity portfolio investment
語言 en_US
ISBN
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/121375 )