scholarly journals Factors Affecting Manufacturing Exports

2020 ◽  
Vol 23 (2) ◽  
Author(s):  
Euis Eti Sumiyati
Keyword(s):  
Exchange Rate ◽  
Time Series Data ◽  
Series Data ◽  
Long Term Effects ◽  
Factors Affecting ◽  
Long Run ◽  
Short And Long Term ◽  
Manufactured Exports ◽  
Positive Effect

This study aims to determine the factors that influence manufacturing exports in Indonesia. This study uses time-series data with 40 data observations starting from the 1st quarter of 2010 to the 4th quarter of 2019. This study's analysis method is the vector error correction model (VECM), which can dynamically describe the short-term and long-term effects. Export determinants to be examined are inflation, the rupiah exchange rate, Gross Domestic Product (GDP), and Foreign Direct Investment (FDI). This study indicates that inflation at lag 1 harms manufactured exports both in the short and long term. Furthermore, GDP has a positive effect on manufacturing exports in the short run at lag 1 and lag 2, while in the long run, GDP has a positive effect only on lag 1. Meanwhile, the exchange rate and FDI factors did not affect manufactured exports, both in the short and long term. This study implies that inflation and GDP are essential factors in designing policies to increase exports in Indonesia, including exports of manufactured products.

scholarly journals EFFECT OF MONETARY POLICY ON ECONOMIC GROWTH IN NIGERIA: AN EMPIRICAL INVESTIGATION

10.26458/1815 ◽  
2018 ◽  
Vol 18 (1) ◽  
pp. 123-140 ◽  
Author(s):  
Lawrence Olisaemeka UFOEZE ◽  
J. C ODIMGBE ◽  
V. N. EZEABALISI ◽  
Udoka Bernard ALAJEKWU
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Exchange Rate ◽  
Interest Rate ◽  
Money Supply ◽  
Time Series Data ◽  
Series Data ◽  
Long Run ◽  
Effect Of Monetary Policy ◽  
Positive Effect

The study investigated effect of monetary policy on economic growth in Nigeria. The natural log of the GDP was used as the dependent variables against the explanatory monetary policy variables: monetary policy rate, money supply, exchange rate, lending rate and investment. The time series data is the market controlled period covering 1986 to 2016. The study adopted an Ordinary Least Squared technique and also conducted the unit root and co-integration tests. The study showed that long run relationship exists among the variables. Also, the core finding of this study showed that monetary policy rate, interest rate, and investment have insignificant positive effect on economic growth in Nigeria. Money supply however has significant positive effect on growth in Nigeria. Exchange rate has significant negative effect on GDP in Nigeria. Money supply and investment granger cause economic growth, while economic growth causes interest rate in Nigeria. On the overall, monetary policy explain 98% of the changes in economic growth in Nigeria. Thus, the study concluded that monetary policy can be effectively used to control Nigerian economy and thus a veritable tool for price stability and improve output.

scholarly journals ANALYSIS OF INTERNATIONAL INDEX ON INDONESIAN SHARIA STOCK INDEX

2020 ◽  
Vol 6 (1) ◽  
pp. 60
Author(s):  
Shofal Iman ◽  
Imron Mawardi ◽  
Md Atiqur Rahman Sarker
Keyword(s):  
Time Series Data ◽  
Secondary Data ◽  
Stock Index ◽  
Series Data ◽  
Significant Positive Effect ◽  
Short Term ◽  
Long Run ◽  
Positive Effect ◽  
Global Stock

This study aims to determine the influence of long-term and short-term global stock index on the Indonesian Islamic stock index. The approach used is a quantitative approach and uses the Error Correction Model (ECM) method. ECM is an analytical model that can be used in time series data to estimate the effect of independent variables on long-term and short-term use variables. The sample used was taken from secondary data, namely global stock index data consisting of the DJIA, N225 and HSI indices, and the Indonesian sharia stock index in the form of the ISSI index in the period of January 2013 to December 2017, so that 60 samples were obtained. The test results show that in the long run, the DJIA and HSI indices have a significant positive effect on the ISSI index, while the N225 index has a significant negative effect on the ISSI index. In the short term, only the DJIA index has a significant positive effect on the ISSI index.

ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI EKSPOR NONMIGAS INDONESIA KE AMERIKA SERIKAT

2020 ◽  
Vol 2 (2) ◽  
Author(s):  
Editiawarman Editiawarman ◽  
Idris Idris
Keyword(s):  
United States ◽  
Oil And Gas ◽  
Time Series Data ◽  
The United States ◽  
Positive Influence ◽  
Series Data ◽  
Factors Affecting ◽  
Long Run ◽  
Negative Effect

In this study the study of Analysis of factors affecting IndonesianNon-oil and gas exports to America and the data used in this study isquarterly time series data from 2007Q1-2018Q. The model used in thisstudy is the Error Correction Model / ECM. Data sourced from the WorldBank and the Ministry of Trade. The results of this study indicate that (1)the estimated economy of the United States in the long term and short termhas a significant positive relationship to Indonesia's non-oil and gas exports to the United States (2) a significant negative effect on Indonesia's non-oil and gas exports to the United States (3) Foreign direct investment or investment foreign direct in the long run, has a significant positive and in the short term does not have a significant and positive influence on non-oil and gas exports Indonesia to the United States.

scholarly journals The Effect Of Inflation, Problem Finance, And Financing To Deposit Ratio (FDR) On Sharia Banking Deposits

2021 ◽  
Vol 3 (2) ◽  
pp. 125
Author(s):  
Nur Syamsiyah ◽  
Misfi Laili Rohmi
Keyword(s):  
Time Series Data ◽  
Series Data ◽  
Islamic Banking ◽  
Islamic Banks ◽  
Long Term Effects ◽  
Short Term ◽  
Correction Model ◽  
The Public ◽  
Long Run

Islamic banks collect funds from the public and then send them for financing as an intermediary institution. In practice, the distribution of financing, which is the main characteristic of Islamic banks, is not as easy as the existing theory. This study will discuss the short-term and long-term effects of inflation, financing, and financing problems on deposit ratios in Indonesia's Islamic banking deposits. This study uses an Error Correction Model with monthly time series data starting from 2019-2020. The results show that all variables significantly affect deposits in Islamic banking in Indonesia in the long run. Meanwhile, in the short term, the inflation and financing variables significantly affect Islamic banking deposits in Indonesia, and the Financing to Deposit Ratio has no significant effect.

scholarly journals Determinan dan Stabilitas Ekspor Crude Palm Oil Indonesia

2017 ◽  
Vol 20 (1) ◽  
pp. 47
Author(s):  
Eva Nurul Huda ◽  
Arif Widodo
Keyword(s):  
Exchange Rate ◽  
Time Series Data ◽  
Negative Impact ◽  
Series Data ◽  
Independent Variables ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Ardl Approach ◽  
Short And Long Term

<p><em>We analyze the influence of CPO production, exchange rate, international CPO price and the terms of trade on Indonesian CPO exports in October 2011-December 2015. In doing so, we use the Autoregressive Distributed Lag (ARDL) approach to analyze the monthly time-series data for the periods of 2011:M10-2015:M12. Our findings suggest that both in the short- and long-term, the international CPO price has a significantly negative impact on Indonesia's CPO exports. Meanwhile, the CPO production and exchange rate have negative and significant effects on Indonesia's CPO exports both in short- and long-term. Taken together, all the independent variables have significant effects on Indonesia’s CPO export. Finally, based on CUSUM and CUSUMQ test, it shows that the long-term coefficient of the CPO exports model is stable.</em></p><p><em><br /></em></p><p align="center"><strong>Abstrak</strong></p><p align="center"><strong> </strong></p><p><em>Tujuan dari studi ini adalah untuk menganalisis seberapa besar pengaruh dari produksi kelapa sawit, nilai tukar rupiah terhadap dollar AS, harga CPO internasional dan <em>Term of Trade</em> terhadap ekspor CPO Indonesia pada periode Oktober 2011 sampai dengan Desember 2015. Penelitian ini menggunakan pendekatan <em>Autoregressive Distributed Lag</em> (ARDL) dengan data sekunder runtut waktu bulanan untuk periode 2011:M10-2015:M12. Hasil dari penelitian ini menunjukkan bahwa harga CPO internasional mempunyai efek negatif dan signifikan, baik dalam jangka pendek maupun jangka panjang terhadap ekspor CPO Indonesia. Variable<em> Term of Trade</em> dalam jangka pendek maupun panjang mempunyai efek positif dan signifikan terhadap ekspor CPO, sedangkan variabel produksi kelapa sawit dan nilai tukar rupiah terhadap dolar Amerika mempunyai pengaruh negatif dan signifikan terhadap ekspor dalam jangka pendek maupun panjang. Lebih lanjut, semua variabel independen secara bersama-sama mempengaruhi ekspor CPO di Indonesia, sehingga hipotesis yang menunjukkan tidak ada hubungan antara variabel independen dan dependen ditolak. Terakhir, berdasarkan pada uji CUSUM dan CUSUMQ dapat disimpulkan bahwa model ekspor CPO stabil dalam jangka panjang.<br /></em></p>

scholarly journals Analisis Kointegrasi Zakat dan Pertumbuhan Ekonomi Indonesia Periode Tahun 2015-2018

2019 ◽  
Vol 2 (2) ◽  
pp. 249
Author(s):  
Khairina Tambunan ◽  
Isnaini Harahap ◽  
M. Marliyah
Keyword(s):  
Economic Growth ◽  
Time Series Data ◽  
Cointegration Test ◽  
Series Data ◽  
Long Term Effects ◽  
Short Term ◽  
Monthly Period ◽  
Short And Long Term ◽  
Period Data

This study analyzes the existence of short-term and long-term relationships between zakat variables and Indonesia's economic growth in the 2015-2018 period. Zakat as one of Islamic philanthropy is used to prosper Muslims. Zakat is divided into productive zakat and consumptive zakat. This study uses a cointegration test which is one of the tests of the VAR VECM method to determine whether or not there are short-term and long-term effects. The data used uses time-series data from 2015-2018 with data interpolated to monthly period data. The results show that zakat affects Indonesia's economic growth both in the short and long term.

Impact of exchange rate and oil price on the yield of sovereign bond and sukuk: Evidence from Malaysian capital market

2017 ◽  
Vol 5 (4) ◽  
pp. 27
Author(s):  
Huda Arshad ◽  
Ruhaini Muda ◽  
Ismah Osman
Keyword(s):  
Exchange Rate ◽  
Capital Market ◽  
Time Series Data ◽  
Oil Prices ◽  
Oil Price ◽  
Series Data ◽  
Sovereign Bond ◽  
Long Run ◽  
Short Run ◽  
The Impact

This study analyses the impact of exchange rate and oil prices on the yield of sovereign bond and sukuk for Malaysian capital market. This study aims to ascertain the effect of weakening Malaysian Ringgit and declining of crude oil price on the fixed income investors in the emerging capital market. This study utilises daily time series data of Malaysian exchange rate, oil price and the yield of Malaysian sovereign bond and sukuk from year 2006 until 2015. The findings show that the weakening of exchange rate and oil prices contribute different impacts in the short and long run. In the short run, the exchange rate and oil prices does not have a direct relation with the yield of sovereign bond and sukuk. However, in the long run, the result reveals that there is a significant relationship between exchange rate and oil prices on the yield of sovereign bond and sukuk. It is evident that only a unidirectional causality relation is present between exchange rate and oil price towards selected yield of Malaysian sovereign bond and sukuk. This study provides numerical and empirical insights on issues relating to capital market that supports public authorities and private institutions on their decision and policymaking process.

Does Public Debt Service Expenditure Crowd-Out Economic Growth? Empirical Evidence from an African Developing Country

2019 ◽  
Vol 64 (3) ◽  
pp. 23-38
Author(s):  
Talknice Saungweme ◽  
Nicholas M. Odhiambo
Keyword(s):  
Economic Growth ◽  
Public Debt ◽  
Time Series Data ◽  
Policy Formulation ◽  
Debt Service ◽  
Series Data ◽  
Long Run ◽  
Short Run ◽  
The Impact

Abstract This paper contributes to the ongoing debate on the impact of public debt service on economic growth; and it provides an evidence-based approach to public policy formulation in Zimbabwe. The empirical analysis was performed by applying the autoregressive distributed lag (ARDL) technique to annual time-series data from 1970 to 2017. The study findings reveal that the impact of public debt service on economic growth in Zimbabwe is negative in the short run but positive in the long run. The results are suggestive of the existence of a crowding-out effect of public debt service in Zimbabwe in the short run and a crowding-in effect in the long run. In view of these findings, the government should consider fiscal and financial policies that promote a constant supply of long-term finance, long-term fixed investments, and extension of a government securities maturity structure so as to ensure sustainable short- and long-term public debt service expenditures. The study further recommends the strengthening of non-distortionary revenue mobilisation reforms to reduce market distortions and boost domestic investment.

scholarly journals ANALISIS PENGARUH REMITANSI, INVESTASI ASING LANGSUNG, IMPOR DAN PERTUMBUHAN EKONOMI DI INDONESIA

2020 ◽  
Vol 2 (4) ◽  
Author(s):  
Regina Septriani Putri ◽  
Ariusni Ariusni
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Time Series Data ◽  
Positive Impact ◽  
Series Data ◽  
Long Run ◽  
Short Run ◽  
The Government ◽  
Positive Effect

Abstract : This study examined and analysis the effect of remittances, foreigndirect investment, imports, and economic growth in Indonesia in the long run andshort run. This study using Error Correction Model (ECM) method and using theannual time series data from 1989 to 2018. This study found that: (1) remittancehave an insignificant positive effect on economic growth in the long run and shortrun,(2)foreign direct investment have a significant positive impact on economicgrowth in the long run and short run, (3) import have an insignificant positiveimpact on economic growth both in the long run and short run. To increase theeconomic growth in the future, this study suggests the government to decresingimports of consume goods and increasing the inflow of capital goods, rawmaterial goods, remittances and foreign direct investment.Keyword : Remittance, Foreign Direct Investment, Import, Economic Growth andECM

scholarly journals Political Stability and its Impact on Economic Growth of Pakistan (1988-2018): A Time Series Analysis

2020 ◽  
Vol 6 (1) ◽  
pp. 273-282
Author(s):  
Majid Hussain Phul ◽  
Muhammad Saleem Rahpoto ◽  
Ghulam Muhammad Mangnejo
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Time Series Data ◽  
Political Stability ◽  
Series Data ◽  
Explanatory Variables ◽  
Long Run ◽  
Short Run ◽  
The Impact ◽  
Positive Effect

This research paper empirically investigates the outcome of Political stability on economic growth (EG) of Pakistan for the period of 1988 to 2018. Political stability (PS), gross fixed capital formation (GFCF), total labor force (TLF) and Inflation (INF) are important explanatory variables. Whereas for model selection GDPr is used as the dependent variable. To check the stationary of time series data Augmented Dickey Fuller (ADF) unit root (UR) test has been used,  and whereas to find out the long run relationship among variables, OLS method has been used. The analysis the impact of PS on EG (EG) in the short run, VAR model has been used. The outcomes show that all the variables (PS, GFCF, TLF and INF) have a significantly positive effect on the EG of Pakistan in the long run period. But the effect of PS on GDP is smaller. Further, in this research we are trying to see the short run relationship between GDP and other explanatory variables. The outcomes show that PS does not have such effect on GDP in the short run analysis. While GFCF, TLF and INF have significantly positive effect on GDP of Pakistan in the short run period.

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