Hot money and stock market in China: empirical evidence from ARDL and NARDL approaches
This study discusses the relationship between the stock market performance and all its independent variables which is oil price, economic growth, inflation and hot money in China. The data being used in this study is quarterly data from the period of 2000 to 2017. The main tests being used are Autor...
| Main Authors: | , , , |
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| Format: | Final Year Project / Dissertation / Thesis |
| Published: |
2019
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| Subjects: | |
| Online Access: | http://eprints.utar.edu.my/3528/ http://eprints.utar.edu.my/3528/1/fyp_FE_2019_TNM.pdf |
| _version_ | 1848885924295868416 |
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| author | Tan, Nian Meng Fan, Sui Hang Khor, Ting En Teng, Xue Wen |
| author_facet | Tan, Nian Meng Fan, Sui Hang Khor, Ting En Teng, Xue Wen |
| author_sort | Tan, Nian Meng |
| building | UTAR Institutional Repository |
| collection | Online Access |
| description | This study discusses the relationship between the stock market performance and all its independent variables which is oil price, economic growth, inflation and hot money in China. The data being used in this study is quarterly data from the period of 2000 to 2017. The main tests being used are Autoregressive Distributed Lag and Non-Autoregressive Distributed Lag which is followed by several diagnostic checking. The test is used to determine whether there exists a long run relationship between the independent variable and stock market performance and if asymmetric effect exist in hot money. The study shows that oil price, economic growth and hot money possess a long run relationship towards stock market performance in China whereas inflation does not. It also shows oil price and economic growth possess a positive relationship whereas hot money and inflation possess a negative relationship. Moreover, it is also found that hot money possesses an asymmetric effect towards stock market performance. |
| first_indexed | 2025-11-15T19:30:19Z |
| format | Final Year Project / Dissertation / Thesis |
| id | utar-3528 |
| institution | Universiti Tunku Abdul Rahman |
| institution_category | Local University |
| last_indexed | 2025-11-15T19:30:19Z |
| publishDate | 2019 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | utar-35282019-08-21T10:11:45Z Hot money and stock market in China: empirical evidence from ARDL and NARDL approaches Tan, Nian Meng Fan, Sui Hang Khor, Ting En Teng, Xue Wen HG Finance This study discusses the relationship between the stock market performance and all its independent variables which is oil price, economic growth, inflation and hot money in China. The data being used in this study is quarterly data from the period of 2000 to 2017. The main tests being used are Autoregressive Distributed Lag and Non-Autoregressive Distributed Lag which is followed by several diagnostic checking. The test is used to determine whether there exists a long run relationship between the independent variable and stock market performance and if asymmetric effect exist in hot money. The study shows that oil price, economic growth and hot money possess a long run relationship towards stock market performance in China whereas inflation does not. It also shows oil price and economic growth possess a positive relationship whereas hot money and inflation possess a negative relationship. Moreover, it is also found that hot money possesses an asymmetric effect towards stock market performance. 2019-04-10 Final Year Project / Dissertation / Thesis NonPeerReviewed application/pdf http://eprints.utar.edu.my/3528/1/fyp_FE_2019_TNM.pdf Tan, Nian Meng and Fan, Sui Hang and Khor, Ting En and Teng, Xue Wen (2019) Hot money and stock market in China: empirical evidence from ARDL and NARDL approaches. Final Year Project, UTAR. http://eprints.utar.edu.my/3528/ |
| spellingShingle | HG Finance Tan, Nian Meng Fan, Sui Hang Khor, Ting En Teng, Xue Wen Hot money and stock market in China: empirical evidence from ARDL and NARDL approaches |
| title | Hot money and stock market in China: empirical evidence from ARDL and NARDL approaches |
| title_full | Hot money and stock market in China: empirical evidence from ARDL and NARDL approaches |
| title_fullStr | Hot money and stock market in China: empirical evidence from ARDL and NARDL approaches |
| title_full_unstemmed | Hot money and stock market in China: empirical evidence from ARDL and NARDL approaches |
| title_short | Hot money and stock market in China: empirical evidence from ARDL and NARDL approaches |
| title_sort | hot money and stock market in china: empirical evidence from ardl and nardl approaches |
| topic | HG Finance |
| url | http://eprints.utar.edu.my/3528/ http://eprints.utar.edu.my/3528/1/fyp_FE_2019_TNM.pdf |