scholarly journals Labor Share in National Income: Implications in the Baltic Countries

2017 ◽  
Vol 17 (2) ◽  
pp. 121-139
Author(s):  
Aušra Razgūnė ◽  
Romas Lazutka
Keyword(s):  
Government Spending ◽  
Time Series Data ◽  
Trade Openness ◽  
National Income ◽  
Series Data ◽  
Correction Model ◽  
Labor Share ◽  
Baltic Countries ◽  
The Baltic

Abstract Despite the fact that stability of labor share in national income is a key foundation in macroeconomic models, scientists acknowledge, that in the last three decades it has been declining around the world. The Baltic countries are not an exception; they follow similar patters to large economies, thus the research aims at determining economic factors at play. With the help of error correction model and time series data covering the past twenty years, we determine factors which contribute to the decline of labor share in the Baltic countries. We find significant long-term relationships between labor share and government spending, trade openness, and emigration. Government spending exhibits the highest contribution to variance of labor share in Lithuania, which also explains a large part of Latvia’s labor share variations. We find many similarities between the analyzed countries, however some differences are also visible.

scholarly journals THE TESTING OF MONEY NEUTRALITY IN ECONOMIC GROWTH OF INDONESIA

2017 ◽  
Vol 1 (1) ◽  
pp. 12
Author(s):  
Muammil Sun’an ◽  
Amran Husen
Keyword(s):  
Economic Growth ◽  
Time Series Data ◽  
Output Growth ◽  
Broad Sense ◽  
Series Data ◽  
Analysis Tool ◽  
Real Sector ◽  
Short Term ◽  
Correction Model

<p>This study aim is to test the money neutrality in a narrow sense (M1) and a broad sense (M2) to the growth of output (GDP) in Indonesia, both in short term and long term. This research uses quarterly time series data at 2010 - 2016 periods. The analysis tool used is Error Correction Model (ECM). The results show that short-term money supply (M1 and M2) affect on output growth. However, in the long term, only money circulation in a broad sense (M2) affects on output growth, which also means that money is not neutral because it affects the real sector (GDP).</p><p> <strong>Keywords:</strong> M1, M2, Population, Capital, and Economic Growth.</p>

scholarly journals Pengaruh Variabel Makroekonomi Terhadap Jumlah Penghimpunan Zakat di Indonesia

2020 ◽  
Vol 25 (2) ◽  
pp. 199
Author(s):  
Sheema Haseena Armina
Keyword(s):  
Exchange Rate ◽  
Time Series Data ◽  
Series Data ◽  
Short Term ◽  
Correction Model ◽  
Dollar Exchange Rate ◽  
Vector Error Correction ◽  
Vector Error ◽  
Analysis Technique

Purpose this study analyzes the effect of the industrial production index, the dollar exchange rate, inflation and the BI 7DRR on the amount of zakat collection from January 2015 to December 2018to identify the potential of zakat to support alleviation in Indonesia. Methodology/Approach: this study uses a quantitative approach with a Vector Error Correction Model (VECM) data analysis technique with time series data from Januari 2015 t0 December 2018. Findings: The results show that in short term causality, there is an effect between long-term and short-term between zakat as the dependent variable with inflation and the dollar exchange rate. However, there is no short-term causality effect between BI 7-DRR and IPI to the amount of zakat while the long-term causality effect, all independent variables have a significant effect to the dependent variable namely zakat. Implications: The integration of Islamic philanthropic institutions has the potential to channel aid and support to alleviate poverty. This study adds the IPI variable to interpret the GDP variable in analyzing its effect on zakat.

scholarly journals Trade Openness and Economic Growth in Indonesia

2020 ◽  
Vol 10 (2) ◽  
pp. 163-170
Author(s):  
Khoirul Ifa ◽  
Moh. Yahdi
Keyword(s):  
Economic Growth ◽  
International Trade ◽  
Time Series Data ◽  
Trade Openness ◽  
Generalized Method Of Moments ◽  
Series Data ◽  
Test Results ◽  
Rapid Economic Growth ◽  
The Impact

Economic growth and international trade are related to one another. International trade stimulates long-term economic growth. The more trade activities in a country, the more rapid economic growth; this trade is a key component of development in a country, its contribution is felt with the increasing economic growth in several countries. The purpose of this study looks at the impact of trade openness on economic growth in Indonesia in 1986-2017. This research is a quantitative study using time series data from 1986-2017, research data obtained from the world bank, data analysis techniques using the GMM method to see the impact of trade openness on economic growth. The test results using the Generalized Method of Moments analysis method show that all variables significantly influence the dynamics of economic growth in Indonesia. This result is proven by the t-statistic probability value, which shows a smaller value compared to the t-table value. Then the value also has a probability of less than α. It can be concluded that the variables of trade, FDI, inflation, and the number of workers have a significant effect on economic growth in Indonesia.

scholarly journals PENGARUH HARGA PROPERTI RESIDENSIAL DAN KEBIJAKAN FINANCING TO VALUE TERHADAP STABILITAS PERBANKAN SYARIAH DI INDONESIA

2021 ◽  
Vol 7 (2) ◽  
Author(s):  
Ahmad Fatoni
Keyword(s):  
Commercial Banks ◽  
Time Series Data ◽  
Secondary Data ◽  
Series Data ◽  
Residential Property ◽  
Correction Model ◽  
Property Price ◽  
Banking Stability ◽  
The Stability

This study aims to analyze the effect of residential property prices and Financing to Value policies on the stability of Islamic Commercial Banks in Indonesia. This study uses secondary data, namely time series data from all Islamic Commercial Banks in Indonesia during the period March 2010 to December 2020. The model used in this study is the Error Correction Model (ECM). The results of the study found that the Residential Property Price Index of small and medium types in the long term has an influence on the stability of Islamic Commercial Banks. However, each of them supports a different hypothesis, namely the collateral value hypothesis and the deviation hypothesis. Meanwhile, it was found that in the long and short term the Financing to Value policy had an influence on the stability of Islamic Commercial Banks in Indonesia. Keywords: Islamic Banking Stability, Property Price, Financing to Value

scholarly journals ANALISIS PENGARUH VARIABEL MAKROEKONOMI DAN COUNTRY RISK TERHADAP INVESTASI PORTOFOLIO ASING DI INDONESIA

2018 ◽  
Vol 7 (2) ◽  
pp. 135
Author(s):  
Halifah Hadi ◽  
Hasdi Aimon ◽  
Dewi Zaini Putri
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Time Series Data ◽  
Country Risk ◽  
Growth Effect ◽  
Series Data ◽  
Short Term ◽  
Correction Model ◽  
The Stability

The reseach aims to explain the effect of country risk and variabels macroeconomics to the foreign portofolio invesment in Indonesia in short term and long term. The analysis takes time series time series data from 2006 quarter 1 through 2016 quarter 4by using Error Correction Model (ECM). The source of data are Badan Pusat Statistik, Bank Indonesia, FX Sauder and World Bank. The result are in the short term the exchange rate and economic growth effect the shock that will influence the foreign portofolio invesment. In the long trem the inflation, interst rate, money supply and country risk influence on foreign portofolio invesment significanly. The suggestion in this research is, the goverment sould keep the stability balance of payment in Indonesia .Any change, the condition of  balance of payments effect appreciation and depreciation to Rupiah. To increase the economic growth in Indonesia, goverment could increasing the fiscal income and PMDN realization that will  increase the enterprises productivity.

scholarly journals The Impact of Foreign Direct Investment on Economic Growth in Nigeria

2015 ◽  
Vol 7 (4) ◽  
pp. 90-97
Author(s):  
Sani Ali Ibrahim
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Time Series Data ◽  
Empirical Studies ◽  
Trade Openness ◽  
National Income ◽  
Series Data ◽  
Long Run ◽  
The Impact

The economic development performance can be used to measure the economic growth of a given country. In economic analysis, a country can attain economic growth through the growth in national income measurement. However, there were rigorous discussions on the role of foreign direct investment (FDI) on economic growth and continued to be a topic of discussion on the contemporary economy. This paper serves as an extension to the previous empirical studies on the issue by providing some evidence from time series data for the period 1971 to 2013 of Nigeria. The primary aim of this study is to analyze the impact of FDI on economic growth of Nigeria taking trade openness, Gross Fixed Capital Formation and human capital as control variables. To investigate the long run equilibrium relationship, Johansen and Juselius co-integration approach is analyzed, while the speed of adjustment in the short run is analyzed through the use of VECM method. In Nigeria, FDI, GFCF and HK have long run relationship with economic growth. However, the coefficient of ECM in Nigeria is statistically significant at 1% level of significance. Thus, 10.8% of the adjustment is achieved due to the correction of the adjustment speed in a year.

scholarly journals Macroeconomic Variables And Corruption In Malaysia

2019 ◽  
Vol 5 (2) ◽  
pp. 112
Author(s):  
Zahariah Mohd Zain ◽  
Fatimah Setapa ◽  
Ruzita Baah ◽  
Khaleed Kusnin
Keyword(s):  
Human Capital ◽  
Government Spending ◽  
Capital Investment ◽  
Time Series Data ◽  
Trade Openness ◽  
Least Square ◽  
Series Data ◽  
Macroeconomic Variables ◽  
Development Indicator ◽  
The Relationship

Despite the government’s effort to eradicate corruption, it is still impossible to combat it as long as individuals with no integrity and sense of responsibility exists in organizations. ca This study is to investigate the relationship between several macroeconomics variables with corruption. The macroeconomics variables include government spending, human capital, investment and trade openness. This study uses time series data from the year 1994-2016. The data were obtained from Political Risk Service (PRS) and World Development Indicator from World Bank. Ordinary Least Square (OLS) method is used to examine the relationship between all the macroeconomic variables and corruption. The macroeconomic variables found to be significantly related to corruption in Malaysia were human capital and trade openness. However changes in the corruption in Malaysia may not necessarily be influenced by government spending and investment. Furthermore, all variables are found to have a positive relationship with corruption. The general findings of this paper strongly suggested that corruption in Malaysia is increasing continuously. Therefore efforts by the Malaysian government and policy makers are badly needed to fight corruption in order to foster better economic growth through improved business operations, employment and investments.

scholarly journals Komparasi Mekanisme Transmisi Kebijakan Moneter Syariah dan Konvensional Melalui Jalur Harga Aset Terhadap Inflasi di Indonesia

2017 ◽  
Vol 4 (10) ◽  
pp. 817
Author(s):  
Nikita Indi Kumala ◽  
Suherman Rosyidi
Keyword(s):  
Financial Services ◽  
Time Series Data ◽  
Least Square ◽  
Series Data ◽  
Short Term ◽  
Correction Model ◽  
Monthly Data ◽  
Ordinary Least Square ◽  
Policy Transmission

The purpose of this study is to find out the effect of mechanism Sharia andconventional monetary policy transmission through asset prices on inflation in Indonesia during 2011-2015. The method used is quantitative analysis and the model used is OLS (Ordinary Least Square) to find out the effect in the long term and ECM Model (Error Correction Model) for short term. The data used is time series data with monthly data units during January 2011 to December 2015 period. This study uses the data from Bank Indonesia, the Central Bureau of Statistics (Badan Pusat Statistik), and the Financial Services Authority (Otoritas Jasa Keuangan). The results of this study shows that the syariah model shows significantly negative towards the inflation, and the conventional model shows not significantly towards the inflation.

scholarly journals SPURIOUS REGRESSION ANALYSIS ON TIME SERIES DATA FROM FACTORS AFFECTING INDONESIAN HUMAN DEVELOPMENT INDEXS IN 1990 – 2017

2021 ◽  
Vol 7 (3) ◽  
Author(s):  
Rinto Rain Barry ◽  
Innocentius Bernarto
Keyword(s):  
Time Series ◽  
Error Correction ◽  
Human Development ◽  
Time Series Data ◽  
Series Data ◽  
Correction Model ◽  
Independent Variables ◽  
Spurious Regression ◽  
Equilibrium Relationship

In a spurious regression conditions occur linear regression equations that are not stationary on the mean and variance. If the variables are not stationary, there will be cointegration, so it can be concluded that there is a long-term equilibrium relationship between the two research variables and in the short term there is a possibility of an imbalance, so to overcome it in this study using the Error Correction Model. The purpose of this study is to apply a cointegration test to see whether there is a long-term non-equilibrium relationship between the time series between the Human Development Index and life expectancy at birth, average school year for adults aged 25 years and over and gross national income per capita. The data used in this study are time series data between 1990-2017. The statistical management is carried out using Eviews 10. Based on the results obtained, it was concluded that 81.7% and it can be said that the types of independent variables included in the model are already good, because only 18.3% of the diversity of the dependent variable is influenced by the independent variables outside this research model. Keywords: spurious regression, stationary, cointegration, error correction model, equilibrium

An empirical analysis among foreign direct investment, trade openness and economic growth: evidence from the Indian economy

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Reenu Kumari ◽  
Malik Shahzad Shabbir ◽  
Sharjeel Saleem ◽  
Ghulam Yahya Khan ◽  
Bilal Ahmed Abbasi ◽  
...  
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Time Series Data ◽  
Trade Openness ◽  
Series Data ◽  
Fdi Inflows ◽  
Content Type ◽  
Study Results

PurposeThis study examines the long-term and causal relationship among foreign direct investment (FDI) inflows, trade openness and economic growth from India.Design/methodology/approachThis study has used annual time series data from the period 1985–2018 and applied the Johansen cointegration and vector autoregression (VAR) model.FindingsThe results of Johansen's cointegration confirm no long-term relationship among all the above three variables. Further, the results of VAR Granger causality indicate that FDI causes economic growth and economic growth causes FDI, which confirms the bi-directional causality. In contrast, this study found that there is no bi-directional causality between trade openness and economic growth.Social implicationsThrough this study, the government could take the decisions related to foreign investment after adopting more trade openness because the study results revealed that if India follows more trade openness, then how FDI will flow (upward and downward). With impulse analysis, researchers, government and policymakers take the decision-related FDI inflows for the forthcoming ten years after 2018.Originality/valueThis study has found the most exciting results from the impulse functions of FDI inflows, trade openness and economic growth, which showed the situation of these three variables as increase and decrease in the forthcoming ten years.

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