Portfolio Inflows and Real Effective Exchange Rates: Does the Sectorization Matter?

Ouedraogo, Rasmané

doi:10.5089/9781484301135.001

Cited by 7 publications

(3 citation statements)

References 29 publications

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“…Furthermore, as explained in Kazandjian and others (2016), gender inequality negatively impacts exports diversification by limiting the potential pool of human capital available and decreasing the workforce efficiency. Thus, to tackle the potential double causality issue, we instrument FDI with the U.S. equity-market uncertainty index as done in Ouedraogo (2017). We expect this instrument to be valid as it should be correlated with the inflows of FDI in recipient countries but not with gender inequality or development.…”

Section: Robustness Testsmentioning

confidence: 99%

Foreign Direct Investment and Women Empowerment: New Evidence on Developing Countries

Ouedraogo¹,

Marlet²

2018

IMF Working Papers

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This paper assesses the effects of foreign direct investment (FDI) on gender development and gender inequality. In fact, FDI through increased labor demand, technological spillovers but mostly through corporate social responsibility and economic growth, can potentially influence women's welfare. Using a panel dataset of 94 developing countries from 1990 to 2015, we find that FDI inflows improve women's welfare and decrease gender inequality. However, the impact is lower in countries where women have low access to resources and face a heavier burden to open a business. This suggests that for countries to fully benefit from FDI inflows, they should ensure that women can enjoy free access to the labor market and associated income.

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Section: Robustness Testsmentioning

confidence: 99%

Foreign Direct Investment and Women Empowerment: New Evidence on Developing Countries

Ouedraogo¹,

Marlet²

2018

IMF Working Papers

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“…I use FPI in terms of liabilities to determine the ownership of foreign assets that enter into or exist in a country. Ouedraogo (2017) uses a one-year change from the Spot exchange rate (percent) to capture exchange rate change. Also, I use exchange rate volatility to capture the risk of the exchange rate (as used in Rafi & Ramachandran (2018), Baek (2006), Ndou et al (2017), Diebold (1988), Yu et al (2007)).…”

Section: Datamentioning

confidence: 99%

The Dynamics of Foreign Portfolio Investment and Exchange Rates: An Interconnection Approach in ASEAN

Syarifuddin

2022

Journal of Eurasian Economies

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This paper examines the spatial dependence of foreign portfolio investment (FPI) inflows among ASEAN countries in 2002Q1-2018Q4 utilizing the spatial econometric approach. This paper adds clarity to the identification of the true nature of portfolio investment performances. I show a competitive relationship among ASEAN countries, indicating crowding out of FPI in the host country is most likely to occur when the neighboring country is experiencing a crowding out. I also show that exchange rate volatility and changes, both in the host country and neighboring country, do not significantly affect FPI in the host country. Furthermore, I find that, aside from macroeconomic factors of the host country, foreign investors also consider the macroeconomic conditions in the neighboring country, suggesting the existence of spatial dependency. Robustness checks are conducted to confirm the main findings of this study.

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“…Many researchers (Athukorala and Rajapatirana, 2003;Saborowski, 2010;Combes, Kinda and Plane, 2012;Jongwanich and Kohpaiboon, 2013;Ouedraogo 2017) proven that portfolio inflows appreciate real exchange rate which in turn reduces the country's competitiveness.…”

Section: R M B Rmentioning

confidence: 99%

Does the Volatility of Foreign Portfolio Inflow to Saudi stock Market affect Financial Variables? An Investigation by means of Multivariate GARCH (MGRCH)

Arabi¹

2018

IRMBR

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This paper aims at investigating volatility spillover of foreign portfolio investment (FPI) inflow to Saudi stock market on financial variables. The model comprises six financial variables that is Tadawul all Shares Index, foreign portfolio investment, nominal effective exchange rate, interest rate differentials, oil prices and price-earnings ratio. Multivariate GARCH (MGARCH) estimates of quarterly data covering the period 2006q1 -2017q2 confirms that influence owing to covariance stationarity (modulus smaller than one) of four variables including FPI. Results unveil that there is long-run relationship among model variables and all coefficients of the mean and variance equations are very much significant.

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Portfolio Inflows and Real Effective Exchange Rates: Does the Sectorization Matter?

Cited by 7 publications

References 29 publications

Foreign Direct Investment and Women Empowerment: New Evidence on Developing Countries

Foreign Direct Investment and Women Empowerment: New Evidence on Developing Countries

The Dynamics of Foreign Portfolio Investment and Exchange Rates: An Interconnection Approach in ASEAN

Does the Volatility of Foreign Portfolio Inflow to Saudi stock Market affect Financial Variables? An Investigation by means of Multivariate GARCH (MGRCH)

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