scholarly journals INTEGRASI PASAR MODAL KAWASAN CINA - ASEAN

2013 ◽  
Vol 14 (1) ◽  
pp. 78
Author(s):  
Budi Santosa
Keyword(s):  
Capital Markets ◽  
Capital Market ◽  
Market Integration ◽  
The Philippines ◽  
Analysis Tool ◽  
Correction Model ◽  
Vector Error Correction ◽  
Vector Error ◽  
Strong Position ◽  
Positive Effect

This study aims to analyze the level of capital market integration ASEAN and China. Analysis tool used is Vector Error Correction Model (VECM). The results showed that capital markets of Malaysia, Philippines, Singapore, Thailand, and China have a positive effect on Indonesian capital markets, but the Indonesian capital market does not affect the capital markets of other countries. Singapore capital market has a positive effect on capital markets of Indonesia, Malaysia, Thailand, and China, except for the Philippines. China's capital market only affects the capital market in Singapore. Singapore capital market and China have complete integration because both affect each other. Philippine capital market only affects Indonesian capital market. Indonesian capital market is easily influenced by the fluctuation in capital markets in the ASEAN region and China. Singapore capital market is in a strong position. While the Philippine capital market are relatively more segmented.

scholarly journals ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI LIKUIDITAS BANK SYARIAH DI INDONESIA MENGGUNAKAN METODE VECTOR ERROR CORRECTION MODEL (VECM)

2019 ◽  
Vol 4 (2) ◽  
pp. 117
Author(s):  
AYIF FATHURRAHMAN ◽  
FIRSHA RUSDI
Keyword(s):  
Interest Rates ◽  
Capital Adequacy ◽  
Return On Assets ◽  
Internal Factors ◽  
Correction Model ◽  
Vector Error Correction ◽  
Vector Error ◽  
Capital Adequacy Ratio ◽  
Positive Effect

This study aims to analyze the factors that affect the liquidity of Islamic banks in Indonesia. The analysis is carried out using sequential monthly data published by Bank Indonesia in the period 2010 to 2018. The variables used are internal factors (Capital Adequacy Ratio (CAR), Return On Assets (ROA)) and external factors (SBI Inflation and Interest Rates) ) The method used in this study is the Vector Error Corection Model (VECM). Based on the results of the study show that in the short term, the variable CAR, ROA, Inflation and SBI interest rates positively and significantly affect FDR. Whereas in the long term, the CAR variable and inflation have a significant positive effect on FDR, the ROA variable negatively influences FDR. And the variable SBI interest rate does not have a significant effect on FDR.

scholarly journals CAUSALITY RELATIONSHIP OF FINANCING, POVERTY, UNEMPLOYMENT, CONSUMER PRICE INDEX AND ECONOMIC GROWTH IN INDONESIA

2021 ◽  
Vol 22 (2) ◽  
pp. 103-115
Author(s):  
Muhammad Nasir ◽  
Lianti Lianti ◽  
Muhammad Syuib ◽  
Hamdani Hamdani ◽  
Safaruddin Safaruddin
Keyword(s):  
Economic Growth ◽  
Price Index ◽  
Consumer Price Index ◽  
Sufficient Evidence ◽  
Analysis Tool ◽  
Correction Model ◽  
Vector Error Correction ◽  
Vector Error ◽  
The Government ◽  
Relationship Of

This study aims to analyze the effect of financing and unemployment on economic growth in Indonesia. This study was conducted in 33 provinces over a period of 7 years from 2011-2017. The data analysis tool used is the Vector Error Correction Model (VECM) panel. These results prove that all variables such as financing, poverty, unemployment and the consumer price index have an effect on economic growth in Indonesia. There is sufficient evidence that financing, poverty, unemployment and the consumer price index are closely related to economic growth. The recommendation from this research is that Islamic banking can increase financing as an effort to improve the economy. As for the government, they are urged to control the level of poverty and unemployment.

scholarly journals PENGARUH FAKTOR MAKROEKONOMI DAN LIKUIDITAS TERHADAP YIELD CURVE OBLIGASI PEMERINTAH INDONESIA

Media Ekonomi ◽  
2019 ◽  
Vol 25 (2) ◽  
pp. 117
Author(s):  
Pardomuan Sihombing ◽  
Hary Saputra Sundoro
Keyword(s):  
Yield Curve ◽  
Analysis Tool ◽  
Small Contribution ◽  
Government Bonds ◽  
Correction Model ◽  
Vector Error Correction ◽  
Vector Error ◽  
Using Data ◽  
Auto Regression

<em>The purpose of this study is to estimate the movement of the required yield curve as a reference to predict market expectations. The movement of the yield curve is caused by macroeconomics such as the BI rate, inflation, the money supply, the growth of the production index, foreign exchange reserves and foreign investor ownership.</em> <em>This study uses the help of a VAR (Vector Auto Regression) analysis tool or VECM (Vector Error Correction Model) using data from 2007:2-2016:3</em>. <em>The results of this study indicate that all variables both macroeconomic variables and liquidity variables provide a response to the yield curve of government bonds to long-term. In addition, this paper also explains that all variables both in macroeconomics and liquidity variables only have a small contribution to the yield curve but precisely the variable that makes the biggest contribution is the yield curve </em>

scholarly journals ANALISIS INTEGRASI BURSA SAHAM ASEAN 5

2018 ◽  
Vol 4 (2) ◽  
pp. 187-206
Author(s):  
Ardina Puspitasari ◽  
Hermanto Siregar ◽  
Trias Andati
Keyword(s):  
Stock Market ◽  
Stock Markets ◽  
Market Integration ◽  
Oil Prices ◽  
The Philippines ◽  
Vector Error Correction ◽  
Dummy Variable ◽  
Vector Error ◽  
Is Integration

This study aimed to analyze the integration of the stock markets of ASEAN 5 (Indonesia, Malaysia, Singapore, Thailand, and the Philippines) associated with the event of dropped world oil prices in 2014. This study using Vector Error Correction Model (VECM) to analyze market integration 5 stocks with variable stock market. In this study uses a dummy variable of oil price with the value of 0 for the period 2009 to 2013 where world oil prices are still stable and the value of 1 for the period 2014 to 2015 where a decline in world oil prices. Results from this study shows that there is a relationship between the stock market cointegration ASEAN 5 during the study period that’s mean that there is integration among ASEAN 5 stock markets. Indonesia's stock market is influenced by Thailand and Singapore in the long term. Dummy variables significantly influence the JCI during the short term.

scholarly journals Bitcoin and Blockchain to Indonesia’s Economic Resilience: A Business Intelligence Analysis

JEJAK ◽  
2020 ◽  
Vol 13 (1) ◽  
pp. 188-202
Author(s):  
Palupi Lindiasari Samputra ◽  
Septia Zul Putra
Keyword(s):  
Qualitative Approach ◽  
Intelligence Analysis ◽  
Financial Industry ◽  
Economic Resilience ◽  
Correction Model ◽  
Vector Error Correction ◽  
Blockchain Technology ◽  
Vector Error ◽  
The Impact ◽  
Positive Effect

Blockchain technology has been a phenomenal discovery since its use on Bitcoin, a crypto currency created by Satoshi Nakamoto. Featuring decentralization, it allows Bitcoin to escape the interference of third parties and governments. Departing from Keynesian Theory, this study used a mixed quantitative and qualitative approach. The econometric quantitative approach uses the Vector Error Correction Model (VECM) modeling to predict the impact of Bitcoin investment on Indonesia's transaction of capital. A qualitative approach is used to analyze the LOFT effects of Bitcoin on Indonesia's economic resilience. Unlike previous studies, this study attempts to provide an explanation from the standpoint of national resilience, especially in the field of economic resilience. VECM analysis found that Bitcoin had a significant positive effect on Indonesia's transaction of capital in both the short and long terms Even though the magnitude of the influence of bitcoin is relatively small, it needs to watch out for macro performance through capital transactions. Qualitative data indicate that there is a change of Bitcoin function in Indonesia, from a payment method, into an instrument of investment. The finding explains that Bitcoin has the potential to weaken the resilience of the Indonesian economy through a reduction in the balance of payments, while Blockchain can be the main foundation of the financial industry revolution in Indonesia.

scholarly journals RESPON HARGA PRODUSEN TERHADAP PERUBAHAN HARGA KONSUMEN BAWANG MERAH DI INDONESIA

2018 ◽  
Vol 10 (3) ◽  
pp. 7
Author(s):  
Illia Seldon Magfiroh ◽  
Ahmad Zainuddin ◽  
Intan Kartika Setyawati ◽  
Rena Yunita Rahman
Keyword(s):  
Market Integration ◽  
Price Change ◽  
High Price ◽  
Vector Error Correction Model ◽  
Short Term ◽  
Consumer Market ◽  
Correction Model ◽  
Vector Error Correction ◽  
Vector Error

High price fluctuations in onions can cause prices at the consumer level to change in a relatively quick time. However, the price change is not necessarily enjoyed by most of the onion farmers. This implies a high marketing margin and low farmer prices. This study aims to analyze the integration of onion consumer market with onion producer market in Indonesia by using VECM (Vector Error Correction Model). Monthly onion price data with 48 time series period is used to analyze the onion market integration. The results show that only the consumer market that affects the market of onion producers (one way). There are short-term and long-term market integration between the consumer market and the onion producers. However, changes that occur in the consumer market are not always accepted by the onion producers of the same scale. This shows that the price information of onion in the producer's market is not always transmitted perfectly to the onion producer market.

scholarly journals ANALISIS PENGARUH MARKET CAPITALIZATION TERHADAP HARGA SAHAM PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

2013 ◽  
Vol 3 (2) ◽  
pp. 109
Author(s):  
Amanda Wahyu Nuraningrum ◽  
Dyah Fitriani
Keyword(s):  
Vector Error Correction Model ◽  
Correction Model ◽  
Vector Error Correction ◽  
Market Capitalization ◽  
Vector Error ◽  
Small Market ◽  
Independent Variable ◽  
Quota Sampling ◽  
Positive Effect ◽  
Selection Of

This study aimed at testing and analyzing how both the big market capitalization and the small one had an effect on the price stock. The population of this study was all companies listed in BEI in the period of 2007 – 2011. The purposive sampling with a quota sampling was applied in the technique as sampling, while the selection result of sampling was 36 companies with big market capitalization and 36 companies with small market capitalization. The method of data selection of this study was documentation because the data was taken from other sides. The dependent variable used in this study was price stock and the independent variable was market capitalization. The tools for data analysis applied Vector Error Correction Model (VECM). The result of this study indicated that the big market capitalization had a positive effect on the price stock and gave an effect of 69.91% on the price stock at the end of the period. While the small market capitalization had a positive effect on the price stock at 85.09%.

scholarly journals ANALISIS INTEGRASI PASAR MODAL KAWASAN ASIA-PASIFIK (APEC): IMPLIKASI DIVERSIFIKASI INTERNATIONAL

IQTISHODUNA ◽  
2016 ◽  
Vol 10 (2) ◽  
pp. 99-109
Author(s):  
Citra Putri Subhi ◽  
Fitriyah Fitriyah
Keyword(s):  
Capital Market ◽  
Market Integration ◽  
Quantitative Methods ◽  
Portfolio Diversification ◽  
Asia Pacific ◽  
Vector Error Correction ◽  
Capital Market Integration ◽  
Market Index ◽  
Vector Error ◽  
Australian State

The purpose of this study was to determine the presence of capital market integration in the AsiaPacific region which has implications for portfolio diversification opportunities internationally. This studyuses quantitative methods to the analysis of the model using VECM (Vector Error correction model) with astationary test level level , different stationary , cointegration and correlation . The population is the entirecountry in the Asia -Pacific (APEC) which has a capital markets while the sample is 10 APEC countries whichinclude U.S. state (^ DJIA), Australia (^AORD), HongKong (^HSI), Japan (^ N225), Singapore (^ STI), Singapore(^ KS11 ), New Zeland (^ NZ50), Indonesia (^ JKSE), Malaysia (^ KLSE), Chinese (^ SSEC) . The results ofthese studies demonstrate that there are capital market integration in the Australian state of capital market(^ AORD)- Malaysia (^ KLSE) and Hong Kong (^ HSI )-South Korea (^ KS11) and there are opportunities in thearea of portfolio diversification proficiency level shows that there are 20 pairs market index has a negativecorrelation coefficient.

scholarly journals PENGARUH EKSPOR HASIL MINYAK DAN IMPOR MINYAK BUMI TERHADAP PERTUMBUHAN EKONOMI DI INDONESIA

2021 ◽  
Vol 10 (1) ◽  
pp. 23
Author(s):  
Fadila Arza ◽  
Murtala Murtala
Keyword(s):  
Economic Growth ◽  
Secondary Data ◽  
Vector Error Correction Model ◽  
Short Term ◽  
Correction Model ◽  
Vector Error Correction ◽  
Vector Error ◽  
The Relationship ◽  
Positive Effect

This study aims to analyze the effect of oil product exports and petroleum imports on the economic growth of Indonesia. This study uses secondary data. The method used to analyze the relationship between endogenous and exogenous variables is a dynamic model with the Vector Error Correction Model (VECM) approach. The results in the long-term and short-term show that Oil Products Exports have a positive effect on the Economic Growth of Indonesia. In the long-term and short-term, petroleum imports negatively influence the economic growth of Indonesia.Keywords:Oil Product Exports, Crude Oil Imports, Economic Growth

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