Does foreign portfolio investment improve the economic growth of Jordan? | Zendy

Huthaifa Al-karasneh | Zendy; Ashraf Bataineh | Zendy; Osama Hayajneh | Zendy; Omar Khodirat | Zendy

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Does foreign portfolio investment improve the economic growth of Jordan?

Author(s) -

Huthaifa Al-karasneh,

Ashraf Bataineh,

Osama Hayajneh,

Omar Khodirat

Publication year - 2021

Publication title -

accounting

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.175

H-Index - 5

eISSN - 2369-7407

pISSN - 2369-7393

DOI - 10.5267/j.ac.2021.5.003

Subject(s) - portfolio , foreign direct investment , term (time) , economics , portfolio investment , econometrics , error correction model , investment (military) , monetary economics , macroeconomics , cointegration , financial economics , political science , physics , quantum mechanics , politics , law

This paper aims to examine the impact of short and long-term active Foreign Portfolio Investments (FPI) on Jordan Economic Growth (EG) thru (1996-2017) by employing some econometric methods like ARDL and Error Correction Models to reach the study results. Findings reveal that FPI have a long-term statistical positive impact on EG at level (5%) and also have a short-term negative impact on EG at level (5%), where EG needs about ten years to reach a full adjustment.

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