Bond Foreign Portfolio Investment of Public Sector and Perfomance of Nigeria Bond Market
Vol.4 Issue 2
The study examined the impact of bond foreign portfolio investment in the public sector on performance of bond market in Nigeria. Using bond yield as proxy for performance. Data span from 1981-2018 was used. The nature of the data utilized in this research is a combination of time series and cross-sectional data which is referred to as panel data. Descriptive statistical analysis was used to explain the variations among the variables, Augmented Dickey Fuller Unit Root test, ordinary least square regression model as our estimation technique, Johasen multivariate co-integration test. And finally, Granger causality was applied to evaluate effects and impacts among the variables.
