scholarly journals Analisis Pengaruh Jangka Pendek dan Jangka Panjang Nilai Tukar dan Tingkat Imbalan SBIS Terhadap Inflasi di Indonesia Periode Januari 2009-Desember 2015

2017 ◽  
Vol 4 (11) ◽  
pp. 928
Author(s):  
Tania Megasari ◽  
Tika Widiastuti
Keyword(s):  
Exchange Rate ◽  
Error Correction ◽  
Quantitative Research ◽  
Secondary Data ◽  
Error Correction Model ◽  
Return Rate ◽  
Short Term ◽  
Correction Model ◽  
The Exchange Rate

The purpose of this research is to examine the effect of the exchange rate, and the return rate of Bank Indonesia Sharia Certificate (SBIS) on inflation in Indonesia during the period January 2009 to December 2015. The approach used in this research is quantitative research using Error Correction Model (ECM) by Eviews program 8. The data used are secondary data from the official website of Bank Indonesia. The results showed that the Exchange rate and the rate of SBIS have a significant and positive correlation against inflation in the short term and long term during the period January 2009 to December 2015.

scholarly journals Pengaruh Inflasi dan Pertumbuhan Ekonomi Terhadap Nilai Tukar Rupiah dalam Jangka Pendek dan Jangka Panjang Tahun 2010-2018

2021 ◽  
Vol 1 (1) ◽  
Author(s):  
Nur Afriyanti ◽  
Luhur Prasetiyo
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Exchange Rate ◽  
Error Correction ◽  
Error Correction Model ◽  
Series Data ◽  
Short Term ◽  
Correction Model ◽  
The Exchange Rate

Artikel ini bertujuan untuk mengetahui pengaruh inflasi dan pertumbuhan ekonomi terhadap nilai tukar Rupiah, baik jangka panjang maupun jangka pendek. Perubahan nilai tukar Rupiah terhadap mata uang Dollar Amerika Serikat dipengaruhi oleh banyak faktor. Di antara faktor yang mempengaruhi nilai tukar adalah kenaikan harga umum (inflasi) dan pertumbuhan ekonomi. Penelitian ini menggunakan metode analisis data Error Correction Model (ECM) dan teknik pemilihan sampel menggunakan sampel jenuh dari populasi yang berjumlah 36. Sampel dalam penelitian ini yaitu data time series/triwulan inflasi, pertumbuhan ekonomi dan nilai tukar dengan periode pengamatan selama 9 tahun yaitu tahun 2010-2018. Hasil penelitian menunjukkan bahwa dalam jangka panjang nilai tukar dipengaruhi oleh inflasi dan pertumbuhan ekonomi. Sedangkan dalam jangka pendek nilai tukar tidak dipengaruhi oleh variabel inflasi dan pertumbuhan ekonomi. Secara bersama-sama variabel inflasi dan pertumbuhan ekonomi berpengaruh signifikan terhadap variabel nilai tukar.The purpose of this research is to determine the effect of inflation dan economic growth on Rupiah exchange rate, both long-term and short-term. The movement of Rupiah exchange rate to US Dollar is influenced by many factors. Among the factors affecting the exchange rate are general price increases (inflation) and economic growth. This research uses Error Correction Model (ECM) for data analysis. The population in this study amounted to 36. The sample selection technique is saturated sample. The sample in this research is time series data on quarterly inflation, economic growth and the exchange rate in the period of 9 years, namely 2010-2018. The results show that in the long-term the exchange rate is influenced by inflation and economic growth. Whereas in the short-term the exchange rate is not influenced by inflation and economic growth variables. Furthermore, inflation and economic growth variables have a significant effect on the exchange rate variable.

Pengaruh Nilai Tukar dan Suku Bunga Acuan Terhadap Neraca Transaksi Berjalan di Indonesia Periode 2005:1 – 2015: 1 (Pendekatan Error Correction Model)

MODUS ◽  
2016 ◽  
Vol 28 (1) ◽  
pp. 105
Author(s):  
Toni Saputra ◽  
R Maryatmo
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Current Account ◽  
Secondary Data ◽  
Analysis Tool ◽  
Short Term ◽  
Correction Model ◽  
The Exchange Rate ◽  
The Current Account

AbstrakPenelitian ini bertujuan untuk mengetahui dan menganalisis pengaruh nilai tukar dan suku bunga acuan terhadap neraca transaksi berjalan di Indonesia periode 2005:1- 2015:1. Data yang digunakan merupakan data sekunder. Data sekunder bersumber dari website Bank Indonesia. Alat analisis yang digunakan adalah Errror Correction Model (ECM). Selanjutnya analisis deskriptif digunakan untuk menjelaskan hasil penelitian.Penelitian ini menghasilkan dua hal. Pertama, dalam jangka pendek nilai tukar tidak berpengaruh terhadap neraca transaksi berjalan Indonesia. Dalam jangka panjang nilai tukar memiliki pengaruh positif dan signifikan terhadap neraca transaksi berjalan. Kedua, dalam jangka pendek suku bunga acuan tidak berpengaruh terhadap neraca transaksi berjalan Indonesia. Dalam jangka panjang suku bunga acuan memiliki pengaruh negatif terhadap neraca transaksi berjalan. Kata Kunci: neraca transaksi berjalan Indonesia, nilai tukar, suku bunga acuan, Errror Correction Model AbstractThis study aims to determine and analyze the effect of exchange rates and interest rates on current account in Indonesia from 2005: 1 to 2015: 1. The data used is secondary data. Secondary data is sourced from the website of Bank Indonesia. The analysis tool used is Errror Correction Model (ECM). Further descriptive analysis is used to explain the study results.This research resulted in two things. First, in the short term exchange rate has no effect on the current account in Indonesia. In the long term the exchange rate has a positive and significant impact on the current account. Second, in the short-term benchmark interest rate has no effect on the current account in Indonesia. In the long-term benchmark interest rate has a negative effect on the current account. Keywords: current account in Indonesia, the exchange rate, the benchmark interest rate, errror Correction Model

scholarly journals PENGARUH E-COMMERCE, INFLASI, DAN NILAI TUKAR TERHADAP PERTUMBUHAN EKONOMI INDONESIA

2020 ◽  
Vol 2 (1) ◽  
pp. 151
Author(s):  
Widya Ayu Lastri ◽  
Ali Anis
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Error Correction ◽  
Secondary Data ◽  
Term Effect ◽  
Short Term ◽  
Correction Model ◽  
Descriptive Research ◽  
Long Term Effect

This Study aims to examine and to analisys the influencing factors on economic growth in Indonesia, which the variables are e-commerce, inflation and exchange rate. This study is associative descriptive research, which using secondary data from 2011Q1-2018Q4 that obtained from relevant institutions and agencies. Analisys using Error Correction Model (ECM) method. This study using Ordinary Lest Square (OLS) method to know the long term effect and ECM to know the short term effect at one blow.The study found that in the long term, e-commerce and exchange rate have a significant effect and inflation have not a significant effect. And in the short term, e-commerce have a positive and significant effect, while inflation and exchange rate have a negative and not significant.

scholarly journals Analysis of Soybean Availability in Indonesia

2017 ◽  
Vol 2 (1) ◽  
pp. 042
Author(s):  
Grace Natalia ◽  
Dwidjono Hadi Darwanto ◽  
Slamet Hartono
Keyword(s):  
Exchange Rate ◽  
Error Correction ◽  
World Bank ◽  
Secondary Data ◽  
Short Term ◽  
Correction Model ◽  
Food And Agriculture ◽  
Food And Agriculture Organization ◽  
Ministry Of Finance

This study aimed to determine the factors affected the soybean availability in Indonesia. This study used secondary data obtained from FAO (Food and Agriculture Organization), World Bank, and the Ministry of Finance. In this study, the data from 1964 to 2013 used to determine the factors affected soybean availability in Indonesia . The Error Correction Model (ECM) was used to determine the factors affected soybean availability. The results showed that (1) the data were stationary at first difference; (2) the data used co-integrated means long-term parameters; (3) ECT coefficient was 0.846 (significant at α = 5%) indicated the model used was valid. Soybean availability in Indonesia in the short term was positively influenced by the total planted area, total soybean consumption, and soybean import tariffs. In the long term, soybean availability in Indonesia was positively influenced by the total planted area, productivity of soybean, domestic soybean prices, soybean consumption, and rupiah exchange rate to dollar. In the long-term, availability of soybeans was negatively affected by the price of imported soybean.

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 EXPORT DEMAND FOR INDONESIA'S CRUDE PALM OIL (CPO) TO PAKISTAN: APPLICATION OF ERROR CORRECTION MODEL

2018 ◽  
Vol 1 (2) ◽  
pp. 68-77
Author(s):  
Lisbeth Girsang ◽  
Ketut Sukiyono ◽  
Putri Suci Asriani
Keyword(s):  
Exchange Rate ◽  
Error Correction ◽  
Palm Oil ◽  
Domestic Price ◽  
Crude Palm Oil ◽  
Short Term ◽  
Correction Model ◽  
International Price ◽  
The Exchange Rate

Crude Palm Oil is one of the agricultural export commodities which become a contributor of foreign exchange which is exported to Pakistan continuously but fluctuated from the year 1973 to 2016. The purpose of this study consisted of two things; the first is to identify the factors that influence the demand for Indonesia's CPO exports to Pakistan. The second is to analyze the relationship between the production of CPO, the international and domestic price of CPO, and the exchange rate of Rupiah toward the volume of Indonesian CPO exports to Pakistan both in the long and in the short term of time. This study used time series data (1973-2016). The analytical method used in this study was Error correction model (ECM) to examine the correlation of variables: Indonesian CPO production, the international and domestic price of CPO, the international price of coconut oil, the international price of soybean oil, Pakistan’s GDP per capita, the inflation in Pakistan, and the exchange rate of Rupiah toward the export variable of Indonesian CPO to Pakistan by using software E-Views 6.0. Based on the results of this study, it is concluded that the factor affecting the short-term demand of Indonesia's CPO exports to Pakistan is the international price of CPO which has a significant negative correlation, while the factor affecting long-term demand is the exchange rate of Rupiah toward the US$ which has a significant positive correlation. There is no correlation between both Indonesian CPO production and domestic price of CPO toward Indonesia's CPO exports to Pakistan both in the short and in the long term.

scholarly journals Non Cash Payment and Demand for Real Money in Indonesia

2019 ◽  
Vol 22 (1) ◽  
Author(s):  
Wasiaturrahma Wasiaturrahma ◽  
Yuliana Tri Wahyuningtyas ◽  
Shochrul Rohmatul Ajija
Keyword(s):  
Error Correction ◽  
Credit Card ◽  
Error Correction Model ◽  
Short Term ◽  
Correction Model ◽  
Real Money ◽  
On Demand ◽  
Cash Payment ◽  
The Impact

The study analyses the impact of non-cash payment on demand for real money in Indonesia from 2010 to 2015. Utilizing the Error Correction Model (ECM), the results reveal that the use of both debit and credit card influence the demand for real money in the long term. Moreover, debit card also significantly affects the demand for real money in the short term, while the use of credit card does not have the implication.

scholarly journals ANALISIS HARGA SAHAM INDEX KOMPAS 100 DENGAN PENDEKATAN ERROR CORRECTION MODEL

2021 ◽  
Vol 4 (1) ◽  
pp. 406-414
Author(s):  
Amir Hamzah
Keyword(s):  
Error Correction ◽  
Stock Prices ◽  
Stock Price ◽  
Stock Exchange ◽  
Financial Statements ◽  
Error Correction Model ◽  
Short Term ◽  
Correction Model ◽  
Positive Effect

The purpose of this research is to analyze the short term and long term relationship between ROI, EPS, PER ,inflation, SBI, exchange rate,and GDP on Stock Price. The data in this research is company financial statements which included Compas 100 Index on the Indonesia Stock Exchange. statistical analysis in this research used stasionarity test, The Classical Assumptions Test, Cointegration Test, Error Correction Model Test. This research found that partially ROI, EPS, PER variables a positive effect on stock prices in the short term and long term, KURS and SBI a positive effect on stock prices in the short term, but there is no effect in the long term, inflation and GDP do not affect the stock price both in the short term and long term. Simultaneously affected the stock prices significantly affect on stock price both in the short term and long term.

Analysis of Factors that Affect the Movement of Gold’s Price as Investment Alternatives in Indonesia

2015 ◽  
Vol 21 (4) ◽  
pp. 878-881
Author(s):  
Yuli Eni ◽  
Rudy Aryanto
Keyword(s):  
Exchange Rate ◽  
Inflation Rate ◽  
Multiple Linear Regression Model ◽  
Secondary Data ◽  
Return Rate ◽  
Gold Price ◽  
Garch Models ◽  
Short Term ◽  
Price Forecast

This study examined the dominant factors that affecting the price of gold. The factors examined are London Gold price returns, the return rate of USD—INR, JCI return, inflation rate, and the return of the EURO—USD currency, which individually or simultaneously can affect the price of gold. The purpose of this study was to investigate how influence the factors that are considered to affect the fluctuation of gold prices and gold prices predicted for the next period which can be used by investors to seek alternative investment to be made. The results will provide information to investors about gold price forecast both long-term and short-term. This study uses secondary data taken from several websites. Further data have been obtained, processed using the method of Multiple Linear Regression Model and the ECM with GARCH models, using e-views 8 and SPSS 22. As for the results obtained from the processing of the data is simultaneously the influence of variable returns no London Gold price, return rate USD—CAD, JCI return, inflation rate, and the return of the EURO currency—USD, with the return of gold in Indonesia. Individually, the variable returns the London Gold price and exchange rate USD—CAD who have an influence on the return of gold prices in Indonesia.

scholarly journals The Impact of Bank Indonesia Regulation No. 17/3/2015 on Exchange Rate: Analysis Using Vector Error Correction Model (VECM)

2021 ◽  
Vol 12 (2) ◽  
pp. 131-141
Author(s):  
Muhamad Yudi Setiawan ◽  
Tanti Novianti ◽  
Mukhamad Najib
Keyword(s):  
Exchange Rate ◽  
Error Correction ◽  
Error Correction Model ◽  
Vector Error Correction Model ◽  
Correction Model ◽  
Vector Error Correction ◽  
Vector Error ◽  
Negative Effect ◽  
The Exchange Rate ◽  
The Impact

The weakening of the Rupiah against the US dollar has encouraged Bank Indonesia to issued Bank Indonesia Regulation (Peraturan Bank Indonesia - PBI) No. 17/3/2015. The research aimed to analyze the factors that affected the Rupiah exchange rate, the effect of PBI No. 17/3/2015 on the movement of the Rupiah exchange rate, and the behavior of exchange rate movement to the shocks on the variables that influenced it. The research applied secondary data, namely monthly data from January 2008 to April 2019 taken from reliable sources such as National Development Planning Agency (Bappenas), Bank Indonesia (BI), and Statistics Indonesia (BPS). It was explanatory research with a quantitative approach. The studied data were processed with the Vector Error Correction Model (VECM) method to identify long and short-term effects. The results of the long-term equation show that export-import has a negative effect on the exchange rate. Similarly, inflation has no significant effect on the exchange rate. Then, the money supply has a significantly negative effect on the exchange rate. However, the interest rate of Bank Indonesia positively affects the exchange rate. Next, the implementation of PBI No. 17/3/2015 has a significant and positive impact on the exchange rate. Last, the crisis condition does not affect the changes in exchange rates.

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