scholarly journals THE EFFECT OF GOVERNMENT MACROECONOMIC POLICY ON INDONESIA'S FISHERIES EXPORT TO THE UNITED STATES IN 1989-2019

2021 ◽  
Vol 6 (2) ◽  
pp. 267
Author(s):  
Akhmad Jayadi ◽  
Tanto Firmansyah
Keyword(s):  
United States ◽  
Exchange Rate ◽  
Exchange Rates ◽  
Interest Rates ◽  
Government Spending ◽  
The United States ◽  
Short Term ◽  
Negative Effect ◽  
Positive Effect

Indonesia is a maritime country that has huge potential in fisheries sector. The average of indonesian fisheries production and export volumes always increase every year. This study aims to analyze the effect of exchange rates, government spending, inflation, interest rates, and sanitation policies to Indonesia fishery export to the United States in 1989-2019. Data were obtained from the Indonesian Ministry of Finance, the World Bank, UN COMTRADE, and the Indonesian Ministry of Maritime Affairs and Fisheries. This study uses the Error Coerrection Model (ECM) method to examine the effect of the independent variables on the dependent variable in the long term and short term. This study explains that in the long-term, government spending and exchange rate have positive effect, and interest rates have negative effect on export. In short-term, government spending and exchange rate have positive effect on export. Inflation and sanitation policy do not affect export in the long-term or short-term, while interest rates in the short-term do not affect Indonesian fishery exports. Keywords: Exports, Government Spending, Exchange Rates, Non-Tariff Barriers, Error Correction Model.JEL: F10, F13, C32

scholarly journals ANALISIS MAKRO EKONOMI TERHADAP CADANGAN DEVISA INDONESIA (MELALUI PENDEKATAN MONETER)

2015 ◽  
Vol 4 (2) ◽  
pp. 127
Author(s):  
Novri Candra ◽  
Idris Idris ◽  
Selli Nelonda
Keyword(s):  
Exchange Rates ◽  
Interest Rates ◽  
Error Correction ◽  
Foreign Exchange ◽  
National Income ◽  
Foreign Exchange Reserves ◽  
Short Term ◽  
Negative Effect ◽  
Positive Effect

This study aimed to analyze the change in foreign exchange reserves which are affected by the state of national income, exchange rates, interest rates and inflation. This study was conducted to see the effect of the independent variable on the dependent variable in the long term and short term. The method used is the Error Correction Model (ECM). This study shows that the long-term effects of the variables national income and the exchange rate has a significant positive effect on foreign exchange reserves, while in the short term have a negative effect but not significant. Variable interest rates on long-term have a positive effect but not significant and in the short term have a significant negative effect on foreign exchange reserves. Variable inflation in the long term and short term no significant effect on the foreign exchange reserves. Results Error Correction Term (ECT) in this study amounted to 1,065, which means that in the short-term foreign exchange reserves will undergo considerable change and requires quite a long time to come back into balance.Keyword : Reserves, National Income, Exchange Rates, Interest Rates and Inflation ECM, ECT

scholarly journals PENGARUH VARIABEL MAKRO EKONOMI TERHADAP PERTUMBUHAN EKONOMI INDONESIA TAHUN 2015-2019

2021 ◽  
Vol 2 (2) ◽  
pp. 88-99
Author(s):  
Feby Kinanda
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Unemployment Rate ◽  
Trade Balance ◽  
Inflation Rate ◽  
Short Term ◽  
Negative Effect ◽  
The Exchange Rate ◽  
Positive Effect

This study aims to analyze the effect of macroeconomic variables including the open unemployment rate, trade balance, inflation rate and the rupiah exchange rate against the dollar on Indonesian economic growth by using the ECM error correction model approach to see the long-term and short-term relationships that influence macro variables on economic growth. , in the long term the open unemployment rate variable, the trade balance, the inflation rate have a negative effect while the exchange rate has a positive effect, while in the short term the open unemployment rate, the inflation rate and the exchange rate have a negative effect while the trade balance has a positive effect.   Keywords: Economic Growth, Open Unemployment Rate, Trade Balance, Inflation, Exchange Rate

scholarly journals Analisis pengaruh nilai tukar, pertumbuhan ekonomi dan tenaga kerja terhadap ekspor Indonesia dan Malaysia ke China.

2021 ◽  
Vol 16 (2) ◽  
pp. 379-390
Author(s):  
Candra Mustika ◽  
Erni Achmad
Keyword(s):  
United States ◽  
Economic Growth ◽  
Exchange Rate ◽  
Exchange Rates ◽  
The United States ◽  
Average Growth ◽  
United States Dollar ◽  
Panel Data Regression ◽  
Data Regression ◽  
Negative Effect

The purpose of this study was to determine and analyze the development of exchange rates, labor, and economic growth, and exports of Indonesia and Malaysia to China from 1993 to 2015 and to analyze the effect of exchange rates, labor, and economic growth on Indonesian and Malaysian exports to China from 1993 to 2015 Based on the results of research The development of Indonesian exports to China fluctuated or fluctuated during the period 1993 to 2015 with an average of 13.95%, while the rupiah exchange rate against the United States dollar and economic growth also fluctuated the average growth the rupiah exchange rate against the United States dollar was 14.52%, and the average economic growth of 4.69% labor also fluctuated with an average growth of 1.72%. Based on the results of the panel data regression shows the exchange rate variable has a significant negative effect on exports to China, the labor variable has a positive and significant effect on exports to China, while the economic growth variable has no significant effect on exports to China.  

scholarly journals ANALISIS PENGARUH JUMLAH UANG BEREDAR (M1), SUKU BUNGA SBI, NILAI TUKAR SUKU BUNGA DEPOSITO TERHADAP TINGKAT INFLASI

Media Ekonomi ◽  
2017 ◽  
Vol 19 (3) ◽  
pp. 43
Author(s):  
Fadli Ferdiansyah
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Linear Regression ◽  
Interest Rates ◽  
Money Supply ◽  
Significant Positive Effect ◽  
Significant Negative Effect ◽  
Negative Effect ◽  
Positive Effect

<p>Inflation is one of the effects of a prolonged economic crisis that hit the country. Inflation is a situation where there is an increase in general prices which continuesover the  long term. The purpose of this study was to determine the effect of the money supply, interrst rate, deposit interest rate and exchange rate (Rp/USD) of the inflation in 2006 – 2011.6 The result of this study suges that the suppy of money have no significant positive effect on inflation. SBI rate have positive and significant effect on inflation. Deposit have rate and no significant negative effect on inflation. Exchange Rate have no significant negative effect on inflation.</p><p>Keywords : Money Supply, Interest Rates, Deposit Interest Rates, Exchange Rate    (IDR /USD), Multiple  Linear Regression, Inflation</p>

scholarly journals JAPAN'S DEFLATIONARY HANGOVER: WAGE STAGNATION AND THE SYNDROME OF THE EVER-WEAKER YEN

2007 ◽  
Vol 52 (03) ◽  
pp. 309-334 ◽  
Author(s):  
RONALD MCKINNON
Keyword(s):  
United States ◽  
Interest Rates ◽  
The United States ◽  
Short Term ◽  
Domestic Consumption ◽  
Similar Position ◽  
Export Expansion ◽  
Lost Decade

Japan still suffers a deflationary hangover from the great episodic yen appreciations of the 1980s into the mid-1990s. Money wages are still declining, and short-term interest rates remain trapped near zero. After Japan's "lost decade" from 1992 to 2002, however, output has begun to grow modestly — but through export expansion and associated investment rather than domestic consumption. This export-led growth has been helped by a passive real depreciation of the yen: prices and wages in Europe and the United States have grown, and are growing, faster than in Japan. As the yen becomes weaker in real terms, American and European industrialists and politicians are again complaining that the yen is too weak (Japan bashing II?) — although the pressure on Japan to appreciate is not yet as great as it now is on China. But Japan is trapped. If it does appreciate the yen, its fragile economy will be driven back into outright deflation. The only solution is to stabilize the nominal dollar value of the yen over the long-term, but this step will not necessarily be immediately effective in placating foreign mercantilists. Under foreign pressure to appreciate the renminbi, China, with its booming economy, is now in a similar position to Japan's of more than 20 years ago. Policymakers in China should resist pressure to go down the same deflationary road as Japan.

DETERMINAN KREDIT BANK UMUM UNTUK SEKTOR PERTANIAN: ANALISIS DARI SISI PERMINTAAN DAN PENAWARAN

2021 ◽  
Vol 10 (1) ◽  
pp. 1
Author(s):  
Yunnise Putri ◽  
Idris Idris
Keyword(s):  
Interest Rates ◽  
Commercial Bank ◽  
Economic Activity ◽  
Agricultural Sector ◽  
Bank Loans ◽  
Short Term ◽  
Negative Effect ◽  
Loan Interest Rates ◽  
Positive Effect

This study examines Agricultural Loans Determinants: Analysis from the Supply and Demand Side with the scope of Indonesia starting from 2012 to 2019. This study uses Error Correction Model (ECM) analysis as an estimation method that shows the effect of the independent variable on the dependent variable in the short term. as well as long term. The results of the study show that in the short term, the variables of CAR, NPL and Inflation have a negative effect on Commercial Bank Loans for the Agricultural Sector, while the variables of TPF, Economic Activity and Loan Interest Rates have a positive effect. On the other hand, in the long term, the variables of DPK, Economic Activity and Loan Interest Rates actually have a negative effect and it is the variables of CAR, NPL and Inflation that have a positive effect on Commercial Bank Loans for the Agricultural Sector.

scholarly journals DETERMINAN INDEKS SAHAM SYARIAH INDONESIA

2021 ◽  
Vol 7 (1) ◽  
pp. 179-194
Author(s):  
Ayif Fathurrahman ◽  
Rahma Aprilia Widiastuti
Keyword(s):  
Exchange Rate ◽  
Exchange Rates ◽  
Error Correction ◽  
Error Correction Model ◽  
Stock Index ◽  
Short Term ◽  
Correction Model ◽  
Significant Negative Effect ◽  
Negative Effect

This study was conducted to determine and analyze the effect of inflation, exchange rates, and the BI Rate on the Indonesian Sharia Stock Index (ISSI). The method used in this research is the Error Correction Model (ECM). The data used are 55time series. Based on the analysis that has been done, the research results show that in the short term only the BI Rate has a significant negative effect on the Indonesian Sharia Stock Index (ISSI). Meanwhile, in the long term, the Exchange Rate and BI Rate variables have a significant negative effect on the Indonesian Sharia Stock Index (ISSI). Variable inflation has no effect on the Indonesian Sharia Stock Index (ISSI).

scholarly journals Does the Covid-19 Pandemic Affect the Stock Market in Indonesia?

2021 ◽  
Vol 24 (1) ◽  
pp. 33
Author(s):  
Dwi Rahmayani ◽  
Shanty Oktavilia
Keyword(s):  
Exchange Rate ◽  
Stock Market ◽  
Interest Rates ◽  
Stock Markets ◽  
Commodity Prices ◽  
Commodity Price ◽  
Short Term ◽  
Correction Model ◽  
Negative Effect

This study aimed to analyze the existence and effect of the Covid-19 pandemic on the stock market over the long-term and short-term in Indonesia. The study followed Krugman’s (1979) approach stating the pandemic crisis problems have the potential to decrease the performance of the international balance of payments which will ultimately lead to uncertainty in the market. The research method was the Error Correction Model (ECM) with stock markets as an endogenous variable; and exchange rate, inflation, interest rate, foreign stock markets, commodity price, and pandemic as exogenous variables. The pandemic indicator was measured by total accumulative cases of Covid-19 per day in Indonesia. Using ECM, the result showed that foreign interest rates and commodity prices positively affect the stock markets. Conversely, the exchange rate has a negative effect on the stock markets. However, the estimation fails to reflect the significant impact of the Covid-19 pandemic in the short-term, but it has a negative effect on stock markets in the long-term. This result implies that the higher total accumulative cases of Covid-19 has been the source of Indonesia’s stock market weakness in the long-term. To the best of the author’s knowledge, this study is the first to examine Indonesia’s stock market’s pandemic impact between the short term and long term.

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