scholarly journals Foreign Portfolio Investment Inflows and Economic PErformance in Malaysia: A Disaggregated Analysis

2008 ◽  
Vol 10 (3) ◽  
pp. 313
Author(s):  
Jarita Duasa ◽  
Salina Kassim
Keyword(s):  
Economic Performance ◽  
Positive Association ◽  
The United States ◽  
Portfolio Investment ◽  
Impulse Response Functions ◽  
Significant Positive Association ◽  
Foreign Portfolio Investment ◽  
Vector Error Correction ◽  
The United Kingdom ◽  
Long Run

Based on disaggregated data, this study empirically examines the importance of foreign portfolio investment (FPI) to the Malaysian economic performance. The study adopts the vector error correction model to analyze the relationships between FPI inflows from major investing countries, namely the United States, the United Kingdom, Singapore and Hong Kong and Malaysia’s real GDP using quarterly data covering the period from Q1:1991 to Q3:2007. For further inferences, this study adopts an innovation accounting by simulating variance decompositions and impulse response functions. This study finds that there is a significant positive association between Malaysia’s GDP and U.K.’s FPI inflow, particularly in the long run.

scholarly journals The Rise of COVID-19 is Associated with Support for World Leaders

2020 ◽  
Author(s):  
Kai Chi Yam ◽  
Joshua Conrad Jackson ◽  
Christopher Montgomery Barnes ◽  
Tsz Chun Lau ◽  
XIN QIN ◽  
...  
Keyword(s):  
Positive Association ◽  
Psychological Theory ◽  
The United States ◽  
Intergroup Conflict ◽  
Human History ◽  
Significant Positive Association ◽  
Approval Ratings ◽  
The United Kingdom ◽  
Head Of Government ◽  
Heads Of Government

COVID-19 has emerged as one of the deadliest and most disruptive global pandemics in recent human history. Drawing from political science and psychological theory, we examine the effects of daily confirmed cases in a country on citizens’ support for the nation’s leader through first 120 days of 2020. Using two unique datasets which comprises daily approval ratings of head of government (N = 1,411,200) across 11 world leaders (Australia, Brazil, Canada, France, Germany, Hong Kong, India, Japan, Mexico, the United Kingdom, and the United States), we find a strong and significant positive association between new daily confirmed and total confirmed COVID-19 cases in the country and support for the heads of government. Exploratory analyses reveal that this effect might be strongest for countries high on individualism. These analyses show that world leaders benefit from COVID-19, at least in the early months of the pandemic. Moreover, these findings suggest that the previously documented “rally ‘round the flag” effect applies beyond just intergroup conflict.

scholarly journals Foreign Portfolio Investment and Economic Growth in Malaysia

2009 ◽  
Vol 48 (2) ◽  
pp. 109-123 ◽  
Author(s):  
Jarita Duasa ◽  
Salina H. Kassim
Keyword(s):  
Economic Growth ◽  
Granger Causality ◽  
Economic Performance ◽  
Jel Classification ◽  
Sustainable Growth ◽  
Portfolio Investment ◽  
Impulse Response Functions ◽  
Causality Test ◽  
Foreign Portfolio Investment ◽  
The Relationship

This study examines the relationship between foreign portfolio investment (FPI) and Malaysia’s economic performance. In particular, the study analyses the relationship between FPI and real gross domestic product (GDP) using the widely adopted Granger causality test and the more recent Toda and Yamamoto’s (1995) non-causality test to establish the direction of causation between the two variables. Similar method is also applied on the relationship between volatility of FPI and real GDP. Additionally, the study uses an innovation accounting by simulating variance decompositions and impulse response functions for further inferences. Using quarterly data covering the period from 1991 to 2006, the study finds evidence that economic growth causes changes in the FPI and its volatility and not vice versa.. The findings suggest that economic performance is the major pull factor in attracting FPI into the country. Thus, it must be ensured that the Malaysian economy remains on a healthy and sustainable growth path so as to maintain investor confidence in the economy. JEL classification: G15, C32, C12 Keywords: Foreign Portfolio Investment, Economic Growth, Granger Causality, Toda-Yamamoto Non-causality, Variance Decomposition

scholarly journals The rise of COVID-19 cases is associated with support for world leaders

2020 ◽  
Vol 117 (41) ◽  
pp. 25429-25433 ◽  
Author(s):  
Kai Chi Yam ◽  
Joshua Conrad Jackson ◽  
Christopher M. Barnes ◽  
Jenson Lau ◽  
Xin Qin ◽  
...  
Keyword(s):  
United States ◽  
Positive Association ◽  
The United States ◽  
Political Leader ◽  
Political Leaders ◽  
Significant Positive Association ◽  
Approval Ratings ◽  
The United Kingdom ◽  
Psychological Theories ◽  
Head Of Government

COVID-19 has emerged as one of the deadliest and most disruptive events in recent human history. Drawing from political science and psychological theories, we examine the effects of daily confirmed cases in a country on citizens’ support for the political leader through the first 120 d of 2020. Using three unique datasets which comprise daily approval ratings of head of government (n= 1,411,200) across 11 world leaders (Australia, Brazil, Canada, France, Germany, Hong Kong, India, Japan, Mexico, the United Kingdom, and the United States) and weekly approval ratings of governors across the 50 states in the United States (n= 912,048), we find a strong and significant positive association between new daily confirmed and total confirmed COVID-19 cases in the country and support for the heads of government. These analyses show that political leaders received a boost in approval in the early months of the COVID-19 pandemic. Moreover, these findings suggest that the previously documented “rally ‘round the flag” effect applies beyond just intergroup conflict.

scholarly journals INTERVENSI KEBIJAKAN MONETER TERHADAP INVESTASI PORTOFOLIO: KASUS INDONESIA DAN AMERIKA SERIKAT

2020 ◽  
Vol 2 (1) ◽  
pp. 1
Author(s):  
Nanda Alfarina ◽  
Hasdi Aimon
Keyword(s):  
United States ◽  
Interest Rate ◽  
Secondary Data ◽  
The United States ◽  
Portfolio Investment ◽  
Mechanism Analysis ◽  
Long Run ◽  
Negative Effect ◽  
The Difference ◽  
Effect Of Monetary Policy

This study aims to determine the effect of monetary policy measured by the central bank’s policy rate (X1) on portfolio investment (Y) in Indonesia and United States in the long run. The data used are secondary data seouced from SEKI BI, FRED The FEd, coinmarketcap.com, and investing.com, with the VECM (Vector Error Correction Mechanism) analysis methode. The study show The study shows the differences between the results that occur in Indonesia and the United States. The policy interest rate has a significant positive effect on portfolio investment in the long run in Indonesia, while in the United States the interest rate in the long run has a significant negative effect on portfolio investment. The difference in research results between the two countries shows the need for different treatment for monetary authorities in encouraging portfolio investment 

scholarly journals Effectiveness of controlling foreign portfolio investment inflows using macroeconomic policy instruments and institutional strengthening (case study in Indonesia and Thailand)

2021 ◽  
Vol 6 (2) ◽  
pp. 121-134
Author(s):  
Zainuri Zainuri
Keyword(s):  
Inflation Rate ◽  
Policy Instruments ◽  
Least Square ◽  
Portfolio Investment ◽  
Institutional Variables ◽  
Foreign Portfolio Investment ◽  
Vector Error Correction ◽  
Asean Countries ◽  
Analytical Tools

This study analyzed the influence of macroeconomic and institutional variables on foreign portfolio investment inflows in two ASEAN countries, Namely Indonesia and Thailand, in 2005 – 2019. The analytical tools used in this research are Panel Vector Error Correction Model (PVECM) and Panel Ordinary Least Square (POLS). The estimation results show that the macroeconomic variables that are proxied using inflation and openness economy and institutional variables that are proxied using the variable level of corruption and quality of regulation have a significant effect. In the long term, the inflation rate, the openness economy, and the quality of regulation variables significantly affect foreign portfolio investment. Meanwhile, in a short time, only the inflation rate variable and the openness ratio have a significant effect on foreign portfolio investment. The two analytical tools used found that macroeconomic and institutional variables consistently affect foreign portfolio investment.

Altar Call in Europe

2021 ◽  
Author(s):  
Uta A. Balbier
Keyword(s):  
United States ◽  
New York ◽  
United Kingdom ◽  
Cold War ◽  
The United States ◽  
The United Kingdom ◽  
Long Run ◽  
Altar Call ◽  
The 1950S ◽  
International Ministry

This book provides a transnational history of Billy Graham’s revival work in the 1950s, zooming in on his revival meetings in London (1954), Berlin (1954/1960), and New York (1957). It shows how Graham’s international ministry took shape in the context of transatlantic debates about the place and future of religion in public life after the experiences of war and at the onset of the Cold War, and through a constant exchange of people, ideas, and practices. It explores the transnational nature of debates about the religious underpinnings of the “Free World” and sheds new light on the contested relationship between business, consumerism, and religion. In the context of Graham’s revival meetings, ordinary Christians, theologians, ministers, and church leaders in the United States, Germany, and the United Kingdom discussed, experienced, and came to terms with religious modernization and secular anxieties, Cold War culture, and the rise of consumerism. The transnational connectedness of their political, economic, and spiritual hopes and fears brings a narrative to life that complicates our understanding of the different secularization paths the United States, the United Kingdom, and Germany embarked on in the 1950s. During Graham’s altar call in Europe, the contours of a transatlantic revival become visible, even if in the long run it was unable to develop a dynamism that could have sustained this moment in these different national and religious contexts.

Revisiting the tourism-economic growth nexus: evidence from the United States

2019 ◽  
Vol 31 (9) ◽  
pp. 3779-3798 ◽  
Author(s):  
David N. Aratuo ◽  
Xiaoli L. Etienne ◽  
Tesfa Gebremedhin ◽  
David M. Fryson
Keyword(s):  
Economic Growth ◽  
Exchange Rates ◽  
The United States ◽  
Impulse Response Functions ◽  
Causality Test ◽  
Content Type ◽  
Long Run ◽  
The Usa ◽  
State And Local ◽  
Exchange Rate Shocks

Purpose The purpose of this study is to investigate the causal linkages between tourism and economic growth in the USA and determine how they respond to shocks in the system. Design/methodology/approach The study uses a variety of time series procedures, including the bounds test, Granger causality test, impulse response functions and generalized variance decomposition to analyze the relationship between monthly tourist arrivals (TA) to the USA, real gross domestic product (GDP) and real effective exchange rates. Findings Results suggest that GDP Granger causes TA in the USA in the long run, indicating the economy-driven tourism growth hypothesis. Additionally, a shock to GDP generates a positive and significant effect on TA that persists in the long-run, while exchange rate shocks only have a significant effect in the first six months. Research limitations/implications Different tourism sectors may exert different degrees of influence on the economy. The use of aggregate data on TA in the analysis assumes homogeneity in the industry, thus, only represents the average relationship between tourism and GDP. Practical implications This study provides insight that shapes the investment, marketing, sustainability decisions of the public and private sectors aim at increasing tourist flows to drive economic development at the national, state and local levels. Originality/value Though several studies have examined the factors influencing the international tourist demand of the USA, this is the first to investigate the causal relationships between tourism, GDP and exchange rates for the USA. It is also the first in the US tourism literature to account for the nature of interactions between the three variables because of innovations in the system.

scholarly journals Identification of the Long-Run Determinants of U.S.-Canada Softwood Lumber Trade

2017 ◽  
Vol 10 (1) ◽  
pp. 1
Author(s):  
Zara Liaqat ◽  
Xinya Wang
Keyword(s):  
Exchange Rate ◽  
The United States ◽  
Least Square ◽  
Price Ratio ◽  
Impulse Response Functions ◽  
Ordinary Least Square ◽  
Softwood Lumber ◽  
Long Run ◽  
Highly Sensitive ◽  
Exchange Rate Movements

This paper uses monthly data from 1994 to 2016 in order to analyze the time series properties of the determinants of Canadian softwood lumber exports to the United States. The key findings generally support the hypotheses of previous studies with the exception of the significance of bilateral exchange rate movements. Based on dynamic ordinary least square estimates and several robust cointegraton tests, the paper finds that the estimated coefficients of exchange rate, softwood lumber price ratio and the two softwood lumber trade agreements are highly sensitive to the lag order used in econometric models. On the other hand, the coefficient of housing starts index remains independent of the variation in number of lags included. In addition, we study the long-run response of Canadian exports of lumber to shocks in these determinants by generating impulse response functions.

Chapter II. The World Economy

1991 ◽  
Vol 137 ◽  
pp. 24-44
Author(s):  
Andrew Gurney ◽  
Ray Barrell
Keyword(s):  
United States ◽  
United Kingdom ◽  
Economic Performance ◽  
Growth Rates ◽  
World Economy ◽  
The United States ◽  
The United Kingdom ◽  
The World

In the course of the last 2 years economic performance in the major 7 economies has become less synchronised. In 1988 GNP grew by more than 3.5 per cent in all seven economies, with growth rates either at or close to cyclical highs. However for 1991 we expect negative GNP growth for Canada and the United Kingdom, negligible growth in the United States, growth of around 1.5 per cent in France and Italy, and of over 3 per cent in Germany and Japan. Table 1 shows that GNP growth in the major 7 economies is expected to slow to 1.2 per cent in 1991. Chart 1 highlights the different responses among the major 4 economies.

On the Political Economy of Long-Run Trends in Strike Activity

1978 ◽  
Vol 8 (2) ◽  
pp. 153-175 ◽  
Author(s):  
Douglas A. Hibbs
Keyword(s):  
United States ◽  
Political Economy ◽  
The United States ◽  
The Political ◽  
Coal Miners ◽  
Strike Activity ◽  
The United Kingdom ◽  
Long Run ◽  
Industrial Societies ◽  
General Strike

Outbursts of strike activity in many industrial societies during the late 1960s and early 1970s focused considerable attention on relations between labour, capital and the state in advanced capitalist systems and led to many inquiries into the sources of the ‘new’ labour militancy. The events of May–June 1968 in France, the ‘hot autumn’ of 1969 in Italy, and the nation-wide strikes of the coal miners in 1972 and 1974 in the United Kingdom (the first since the great General Strike of 1926) are the most dramatic examples, but sharp upturns in strike activity in Canada (1969, 1972), Finland (1971), the United States (1970) and smaller strike waves in other nations also contributed to the surge of interest in labour discontent.

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