Proceedings of the Seventh Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA 2021)

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Simultaneous Analysis of Portfolio Investment and the Money Supply in Asean Upper Midlle Income Countries

Authors
Fitri Akhyuni1, *, Hasdi Aimon2
1,2Universitas Negeri Padang
Corresponding Author
Fitri Akhyuni
Available Online 23 November 2021.
DOI
10.2991/aebmr.k.211117.031How to use a DOI?
Keywords
Portfolio Investment; Money Supply; Simultaneous Equations; TSLS
Abstract

The research aims to analyze and determine (1) the influence of money supply, stock prices, economic growth and inflation on portfolio investment in Upper Middle Income countries in ASEAN. (2) the effect of portfolio investment, inflation, interest rates and government spending on the money supply of Upper Middle Income countries in ASEAN. The population in this study is Indonesia, Malaysia and Thailand which are members of the Upper Middle Income ASEAN (Association of South East Asian Nations) group of countries. This study uses panel data for the period 2005 - 2019. The analysis technique used is the Two Stage Least Square (2SLS) method using the E–Views 9 tool. The results show that (1) The money supply and portfolio investment have a significant and negative simultaneous relationship, stock prices have a significant positive relationship with portfolio investment, economic growth has a significant negative relationship with portfolio investment, while inflation has a significant positive relationship with portfolio investment (2) There is a simultaneous negative and significant relationship between portfolio investment and the money supply, inflation has a significant positive relationship with the money supply, while interest rates and government spending have a negative and insignificant relationship with the money supply.

Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the Seventh Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
23 November 2021
ISBN
10.2991/aebmr.k.211117.031
ISSN
2352-5428
DOI
10.2991/aebmr.k.211117.031How to use a DOI?
Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

risenwbib
TY  - CONF
AU  - Fitri Akhyuni
AU  - Hasdi Aimon
PY  - 2021
DA  - 2021/11/23
TI  - Simultaneous Analysis of Portfolio Investment and the Money Supply in Asean Upper Midlle Income Countries
BT  - Proceedings of the Seventh Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA 2021)
PB  - Atlantis Press
SP  - 25
EP  - 32
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.211117.031
DO  - 10.2991/aebmr.k.211117.031
ID  - Akhyuni2021
ER  -