SununuBah/Push-Pull-factors-of-FPI

This dashboard hosted on Streamlit is an interactive visualization tool designed to extend the empirical findings of my Master's thesis, "What Drives Foreign Portfolio Investment Flows in South Africa?" ## Dashboard's objective This dashboard is an interactive visualization tool designed to extend the empirical findings of my Master's thesis, *"What Drives Foreign Portfolio Investment Flows in South Africa?"* (Bah & Giritli, 2020). The main objective is to **examine the macroeconomic indicators that push and/or pull Foreign Portfolio Investment (FPI) inflows into South Africa** between 1980–2016, and to allow policymakers, researchers, and students to interactively explore these relationships. It implements the **ARDL bounds testing approach** to reveal both the **long-run** and **short-run** determinants of FPI, including: - **Push factors**: US interest rates (USIR) and the US Industrial Production Index (IPI) - **Pull factors**: Real GDP per capita (RGDPpc), Real Interest Rate (RIR), Real Exchange Rate (RER), and Government Expenditure (EXP) --- ## Research Contribution This study and dashboard contribute to the existing literature by: 1. **Focusing solely on FPI** (unlike many prior studies that mixed it with FDI or other flows), enabling a more precise understanding of portfolio-specific determinants. 2. **Using annual data** (1980–2016) rather than quarterly data, which can fragment long-run trends. 3. **Including new variables** (e.g., Government Expenditure on infrastructural development) as potential pull factors not used in earlier South African studies. 4. **Applying the ARDL methodology** to accommodate a mix of I(0) and I(1) variables, providing robust estimates with small sample sizes. 5. **Offering a reproducible, interactive format** — this dashboard bridges academic research with a tool for exploration, teaching, and policy simulation. --- > **Key Findings from Thesis**: > - Pull factors dominate in the long run — especially GDP per capita, government expenditure, and real interest rates. > - Push factors remain significant in the short run, with US interest rates and foreign industrial production influencing volatility. > - The economy r …