THE RELATIONSHIP BETWEEN FOREIGN PORTFOLIO INVESTMENT AND MACROECONOMIC VARIABLES

Authors

  • Guluzar Kurt Gumus Dokuz Eylul University, Turkey
  • Atakan Duru Turkey
  • Bener Gungor Ataturk University, Turkey

DOI:

https://doi.org/10.19044/esj.2013.v9n34p%25p

Abstract

The study analyzes the relationship between foreign portfolio investments and macroeconomic factors for the period between 2006-2012 by using VAR, Var Granger Causality Tests, Impulse Responses and Variance Decomposition. According to Granger Causality Tests and Impulse Responses, foreign portfolio investment affects Istanbul Stock Exchange Price Index and exchange rates. Only industrial production index has affect on foreign portfolio investment.

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Published

2013-12-30

How to Cite

Gumus, G. K., Duru, A., & Gungor, B. (2013). THE RELATIONSHIP BETWEEN FOREIGN PORTFOLIO INVESTMENT AND MACROECONOMIC VARIABLES. European Scientific Journal, ESJ, 9(34). https://doi.org/10.19044/esj.2013.v9n34p%p

Issue

Vol. 9 No. 34 (2013): ESJ December Edition

Section

Articles

License

This work is licensed under a Creative Commons Attribution 4.0 International License.