Hot Money and Stock Market in China: Empirical Evidence from ARDL and NARDL Approaches

نویسندگان

چکیده

This study discusses the relationship between hot money and stock market in China by employing Autoregressive Distributed Lag (ARDL) Nonlinear (NARDL) methods. The data used this is quarterly over period 2000: Q1 to 2017: Q4. results show that oil price, economic growth possess a long-run towards China, whereas, no effect found from inflation. price are both positively related while there negative money. Furthermore, supports existence of an asymmetric market. findings imply policymakers should form better monitoring systems control inflow money, thus, strengthening investors’ confidence avoiding unwanted bubbles China’s

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ژورنال

عنوان ژورنال: International Journal of Business and Society

سال: 2021

ISSN: ['1511-6670']

DOI: https://doi.org/10.33736/ijbs.3753.2021