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THE IMPACT OF FOREIGN DIRECT INVESTMENT ON STOCK MARKET DEVELOPMENT: EVIDENCE FROM PAKISTAN

Muhammad Shahbaz
Hooi Hooi Lean
Rukhsana Kalim

Puni tekst: engleski, pdf (269 KB) str. 17-32 preuzimanja: 757* citiraj
APA 6th Edition
Shahbaz, M., Hooi Lean, H. i Kalim, R. (2013). THE IMPACT OF FOREIGN DIRECT INVESTMENT ON STOCK MARKET DEVELOPMENT: EVIDENCE FROM PAKISTAN. Economic research - Ekonomska istraživanja, 26 (1), 17-32. Preuzeto s https://hrcak.srce.hr/104007
MLA 8th Edition
Shahbaz, Muhammad, et al. "THE IMPACT OF FOREIGN DIRECT INVESTMENT ON STOCK MARKET DEVELOPMENT: EVIDENCE FROM PAKISTAN." Economic research - Ekonomska istraživanja, vol. 26, br. 1, 2013, str. 17-32. https://hrcak.srce.hr/104007. Citirano 20.02.2020.
Chicago 17th Edition
Shahbaz, Muhammad, Hooi Hooi Lean i Rukhsana Kalim. "THE IMPACT OF FOREIGN DIRECT INVESTMENT ON STOCK MARKET DEVELOPMENT: EVIDENCE FROM PAKISTAN." Economic research - Ekonomska istraživanja 26, br. 1 (2013): 17-32. https://hrcak.srce.hr/104007
Harvard
Shahbaz, M., Hooi Lean, H., i Kalim, R. (2013). 'THE IMPACT OF FOREIGN DIRECT INVESTMENT ON STOCK MARKET DEVELOPMENT: EVIDENCE FROM PAKISTAN', Economic research - Ekonomska istraživanja, 26(1), str. 17-32. Preuzeto s: https://hrcak.srce.hr/104007 (Datum pristupa: 20.02.2020.)
Vancouver
Shahbaz M, Hooi Lean H, Kalim R. THE IMPACT OF FOREIGN DIRECT INVESTMENT ON STOCK MARKET DEVELOPMENT: EVIDENCE FROM PAKISTAN. Economic research - Ekonomska istraživanja [Internet]. 2013 [pristupljeno 20.02.2020.];26(1):17-32. Dostupno na: https://hrcak.srce.hr/104007
IEEE
M. Shahbaz, H. Hooi Lean i R. Kalim, "THE IMPACT OF FOREIGN DIRECT INVESTMENT ON STOCK MARKET DEVELOPMENT: EVIDENCE FROM PAKISTAN", Economic research - Ekonomska istraživanja, vol.26, br. 1, str. 17-32, 2013. [Online]. Dostupno na: https://hrcak.srce.hr/104007. [Citirano: 20.02.2020.]

Sažetak
Developing countries are witnessing changes in the composition of capital flows in their economies due to the expansion and integration of the world equity market. This paper investigates the impact of foreign direct investment on the stock market development in Pakistan. The key interest revolves around the complementary or substitution role of foreign direct investment to the development of stock market. ARDL bounds testing approach to cointegration and ECM are employed for the analysis. Our results support the complementary role of foreign direct investment to the stock market development in Pakistan. Moreover, domestic savings, income and inflation are the other macroeconomic variables that affect the development of stock market in Pakistan.

Ključne riječi
Stock market development; Foreign Direct Investment; Pakistan; Complementary; Cointegration

Hrčak ID: 104007

URI
https://hrcak.srce.hr/104007

[hrvatski]

Posjeta: 1.340 *