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Macroeconomic variables and portfolio investment in Bahrain using an ARDL bound testing approach

Year: 2020

Type: article

Abstract: The main aim for the current paper is to shed some light on some macroeconomic variables that affect the portfolio investment in one of the Middle East countries (Bahrain) for the period 1989-2018. Autoregressive Distributed Lag (ARDL) test was employed. The findings revealed that there was a long run relationship between portfolio and macroeconomic factors. The variable can cause portfolio investment only for consumer price index and gross domestic product in long run. Meanwhile, it found only consumer price index has statistically significant effect with portfolio investment in short-run.

Source: Accounting

DOI: 10.5267/j.ac.2020.4.0012

Authors: Mohammad Salem Oudat, Hafnida Hasan, Ayman Abdalmajeed Alsmadi

Institutions: Applied Science University, Lusail University

Language: English

Topic: Global Financial Crisis and Policies

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: diamond

OpenAlex ID: W3023729579

FWCI: 3.106

Cites:

Cited by: 50

Related to: 10