利用Bootstrap ARDL 方法檢定七大工業國 及金磚五國國外直接投資、股市市值， 與經濟成長率之間的實證分析

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Please use this identifier to cite or link to this item: https://irlib.pccu.edu.tw/handle/987654321/48583

Title:	利用Bootstrap ARDL 方法檢定七大工業國及金磚五國國外直接投資、股市市值，與經濟成長率之間的實證分析 Revisiting Foreign Direct Investment, Stock Market Capitalization, and Economic Growth between G7 and BRICS Countries: Using Bootstrap ARDL Test for Cointegration
Authors:	黃偉華
Contributors:	財務金融學系
Keywords:	foreign direct investment stock market capitalization economic growth bootstrap ARDL bound test granger causality G7 BRICS
Date:	2020
Issue Date:	2020-09-09 10:56:13 (UTC+8)
Abstract:	This paper intends to investigate foreign direct investment, stock market capitalization, and economic growth for the BRICS countries and G7 countries by using a newly bootstrap autoregressive distributed lag (ARDL) test proposed by McNown, Sam, and Goh (2016) to examine whether the related variables have long-term equilibrium relationship. Economic growth is the dependent variable for Canada is found cointegrated relationship. Degenerate cases #2 are found in South Africa, Germany and Japan. On the other hand, the results of test with foreign direct investment on the stock market capitalization show that foreign direct investment positively or negatively Granger-causes stock market capitalization in Russia Federation (-), India (+), China (+), France (-), Canada (+) and UK (+), and the results of test with economic growth on the stock market capitalization show that economic growth positively or negatively Granger-causes stock market capitalization in Russia Federation (+), India (+), Canada (+), USA (+), Japan (-).
Appears in Collections:	[Department of Banking & Finance ] Thesis

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