Jarita Duasa
Department of Economics at Faculty of Economics and Management Sciences, International Islamic University Malaysia

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

Foreign Portfolio Investment Inflows and Economic PErformance in Malaysia: A Disaggregated Analysis Jarita Duasa; Salina Kassim
Gadjah Mada International Journal of Business Vol 10, No 3 (2008): September - December
Publisher : Master in Management, Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (71.446 KB) | DOI: 10.22146/gamaijb.5560

Abstract

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.