scholarly journals Dampak Makro Ekonomi dan Financial Performance Terhadap Market Share Perbankan Syari’ah di Indonesia

2020 ◽  
Vol 25 (1) ◽  
pp. 51
Author(s):  
Muh. K. Fatihin, Eko Siswahto, Sulistya Rusgianto, Nizar. H. Hadi
Keyword(s):  
Market Share ◽  
Industrial Production ◽  
Banking Sector ◽  
Domestic Product ◽  
Islamic Banking ◽  
Short Term ◽  
Production Index ◽  
Industrial Production Index ◽  
Banking Market

Islamic banking market share is the biggest contributor on the development of the Islamic financial market share. This study aims to comprehensively examine the sharia banking market share growth in short-term and long-term dynamic interactions. The independent variables used in this study are inflation, industrial production index (IPI), intrest rate, Return of Assets (ROA) and financing to Deposite Ratio (FDR). The method used is the Autoregressive Distributed Lag Model (ARDL) with monthly data from 2011-2018. The results of this study indicate that interest rates have a significant negative effect on Islamic banking market share in the short and long term. Meanwhile, inflation, ROA, FDR have a positive effect on the sharia banking market share in the short term. IPI's industrial production index as a proxy for domestic product (gross domestic product) has no short-term and long-term impact. The results of this study have important implications for the central bank and the banking sector.

scholarly journals Kondisi makroekonomi dan kinerja perbankan di Indonesia

2021 ◽  
Vol 16 (1) ◽  
pp. 11-28
Author(s):  
Irma Febriana Mk ◽  
Nurbetty Herlina Sitorus ◽  
Rizka Malia
Keyword(s):  
Error Correction ◽  
Industrial Production ◽  
Negative Relationship ◽  
Short Term ◽  
Vector Error Correction ◽  
Production Index ◽  
Vector Error ◽  
Industrial Production Index ◽  
Significant Negative Relationship

The purpose of this study was to see how the long-term and short-term relationship between banking performance and macroeconomic variables. The analysis method used is the vector error correction model (VECM) with the variables ROA, BOPO, LDR, industrial production index, CPI, and BI rate. The results of this study indicate that there is a significant positive relationship between ROA and industrial production index in the long run and a significant negative relationship between ROA and CPI in the long and short term. There is a significant negative relationship between BOPO and the industrial production index in the long and short term. LDR has a significant negative relationship with all macro variables in the long term whereas, in the short term, LDR has a significant negative relationship with the CPI.  Keywords: Banking performance, Macroeconomic, Vector error correction models

scholarly journals Analisis Dinamis Hubungan Antara Harga Saham dan Variabel Makroekonomi

2021 ◽  
Vol 4 (1) ◽  
pp. 77-90
Author(s):  
Paulina Harun
Keyword(s):  
Exchange Rate ◽  
Interest Rates ◽  
Industrial Production ◽  
Stock Prices ◽  
Trade Balance ◽  
Short Term ◽  
Ardl Model ◽  
Production Index ◽  
Industrial Production Index

Previous research has proven the influence between interest rates, inflation, exchange rate, trade balance, industrial production index on stock prices. By using the Autoregressive Distributed Lag (ARDL) model approach and the 13 companies listed on the IDX, in this study, we will look deeper into the dynamics of long-term and short-term relationships for the aforementioned variables. The research period starts from January 2015 to December 2019, during which time there were many global upheavals that had a considerable impact on the Indonesian economy, through the ARDL model of interest rates, inflation, exchange rate, trade balance, industrial production index, and stock prices are proven to have long-term cointegration or move together in the long term. But not only in the long run, but these seven variables also have a dynamic short-term relationship that has a sufficient speed of adjustment towards equilibrium per month.

ANALYSIS OF THE RELATIONSHIP BETWEEN ECONOMIC GROWTH, INFLATION AND UNEMPLOYMENT IN TURKEY WITH THE ARDL BOUNDS TESTING APPROACH

2021 ◽  
Vol 6 (15) ◽  
pp. 299-312
Author(s):  
Özlem KARADAĞ AK
Keyword(s):  
Economic Growth ◽  
Industrial Production ◽  
Consumer Price Index ◽  
Bounds Testing ◽  
Short Term ◽  
Production Index ◽  
Distributed Lag ◽  
Distributed Lag Model ◽  
Industrial Production Index ◽  
Cointegration Relationship

The aim of this study is to examine the effects of economic growth and inflation on unemployment for the period 2005:1- 2020:9 in Turkey by using ARDL (Auto Regressive Distributed Lag) model. In the study, firstly unit root tests were carried out to determine whether economic growth (ind) and inflation (cpi) have long and short-term effects on unemployment (unemp). Then, the ARDL method was used to determine whether there is a long-term relationship between the series in the model where the unemployment rate is the dependent variable, the Industrial Production Index representing economic growth and the Consumer Price Index (CPI) representing inflation. Instead of GDP, the Industrial Production Index was preferred both to harmonize with the monthly data and to make a production-based analysis. As a result of the analysis, it was determined that there was a statistically significant cointegration relationship between the variables, and the short-term relationship was analyzed with the error correction model (ECM). As a result of the analysis, it has been determined that there is a cointegration relationship between unemployment, inflation rate and economic growth in Turkey. According to the results of the analysis, negative between unemployment and industrial production index; It is seen that there is a positive relationship between unemployment and inflation.

scholarly journals PENGARUH VARIABEL MAKROEKONOMI TERHADAP JAKARTA ISLAMIC INDEX PERIODE 2011-2018

2020 ◽  
Vol 6 (9) ◽  
pp. 1894
Author(s):  
Syafrina Hidayati ◽  
Puji Sucia Sukmaningrum
Keyword(s):  
Exchange Rates ◽  
Significant Influence ◽  
Industrial Production ◽  
Oil Price ◽  
Stock Index ◽  
Energy Information Administration ◽  
Production Index ◽  
Industrial Production Index ◽  
Analysis Technique

This research aims to determine the effect of Macroekonomic Variables against the sharia stock index, Jakarta Islamic Index . the approach used is quantitative by using the Vector Error Correction Model (VECM) analysis technique with the STATA program.While the Inflation, Exchange Rates,Bank Indonesia Sharia Certificate, Industrial Production Index and Oil Price as dependent variables and Jakarta Islamic Index (JII) as the independent variable.Secondary data are used in this research from the official website Badan Pusat Statistik, Bank Indonesia, U.S Energy Information Administration(EIA) and yahoofinance. The result of the research shows that in the short term, Inflation, Exchange Rates,Bank Indonesia Sharia Certificate, Industrial Production Index and Oil Price have no significant influence against Jakarta Islamic Index. While in the long term, Inflation, Exchange Rates,Bank Indonesia Sharia Certificate, Industrial Production Index have signicant influence against Jakarta Islamic Index. Oil price in the long term has no significant influence against Jakarta Islamic Index

scholarly journals THE EFFECT OF MACROECONOMIC VARIABLES IN PREDICTING INDONESIAN SHARIA STOCK INDEX

2019 ◽  
Vol 5 (2) ◽  
pp. 223
Author(s):  
Angga Khoerul Umam ◽  
Ririn Tri Ratnasari ◽  
Sri Herianingrum
Keyword(s):  
Exchange Rate ◽  
Interest Rates ◽  
Industrial Production ◽  
Stock Index ◽  
Macroeconomic Variables ◽  
Production Index ◽  
Industrial Production Index ◽  
The Exchange Rate ◽  
The Impact

ABSTRACTThis study examines the impact of macroeconomic variables, namely the exchange rate, interest rates, industrial production index, SBIS and inflation on the Indonesian Islamic stock index. This study uses monthly data from May 2011 to December 2018. This research is a quantitative study that applies the Johansen Cointegration Test and Vector Error Correction Model to see the long-term impact and shock response on certain variables. The findings indicate the existence of short-term and long-term causality between macroeconomic variables and the Indonesian Islamic stock index. Especially in the long run, industrial production index and inflation have a significant effect on ISSI, while the exchange rate, interest rates and SBIS have no significant effect on ISSI. IRF results show that the response of each variable and stable at different times. The ISSI response experienced a positive shock that occurred in the industrial production index and inflation. On the other hand, the exchange rate, the Bungan rate and SBIS were responded negatively by ISSI.

scholarly journals PENGARUH TINGKAT PEMBIAYAAN PERBANKAN SYARIAH, JUB DAN PDB TERHADAP SBI SYARIAH PERIODE 2003-2013 DENGAN PENDEKATAN ECM

INFERENSI ◽  
2014 ◽  
Vol 6 (2) ◽  
pp. 267
Author(s):  
Fitri Amalia
Keyword(s):  
Gross Domestic Product ◽  
Money Supply ◽  
Economic Indicators ◽  
Domestic Product ◽  
Islamic Banking ◽  
Research Use ◽  
Short Term ◽  
Independent Variable

The purpose of this research is to analyze in the short term and long term betweenthree independent variable namely: Islamic Banking Financing, Money Supply(JUB) and Gross Domestic Product (GDP) against Certificates of Bank IndonesiaSharia (SBIS), a period of 2003-2013.The data used in this research is data quarterly(per three months) of march 2003 until september 2013 which are obtainedfrom the monthly reports economic indicators of the Badan Pusat Statistik andmonthly reports macro of Bank Indonesia.This research use Error CorrectionModel approach to see the short-term and long-term relationship between theindependent variable against the dependent variable. The result showed in thelong term only variable Islamic Banking Financing affect Certificates of BankIndonesia Sharia (SBIS ).While in the short-term Certificates of Bank IndonesiaSharia (SBIS ) affected Islamic Banking Financing and Gross Domestic Product.

scholarly journals Analisis Pembiayaan Sektor Jasa Dunia Usaha Pada Perbanka Syariah di Indonesia

2020 ◽  
Vol 6 (1) ◽  
pp. 68
Author(s):  
Ayu Yuningsih ◽  
Akhsyim Afandi
Keyword(s):  
Interest Rates ◽  
Industrial Production ◽  
Time Series Data ◽  
Third Party ◽  
Series Data ◽  
Islamic Banking ◽  
Business Services ◽  
Production Index ◽  
Services Sector ◽  
Industrial Production Index

Financing is one of the main functions of Islamic banking. In its operational activities, Islamic banking channel most of its assets into financing. However, the financing trend in this sector always fluctuates from year to year and tends to decline. This study aims to analyze the factors that influence the financing of the business services sector in Islamic banking in Indonesia. This study uses time-series data which is the monthly data of the aggregate financial statements of Sharia Commercial Banks and Sharia Business Units in Indonesia. The analysis method used in this study is Autoregressive Distributed Lag (ARDL). The results showed that the variables that influence the financing of the business services sector in the short term are third party funds (DPK), equivalent rate of financing (ERP) and Industrial Production Index (IPI). Whereas in the long run, the variables that influence the financing of the business services sector are third party funds (DPK), return on assets (ROA), non-performance financing (NPF), Industrial Production Index (IPI). While the variable interest rates and exchange rates both in the short and long term do not affect the financing of the business services sector.

scholarly journals THE EFFECT OF COUNTRY RISK AND MACROECONOMIC ON JAKARTA ISLAMIC INDEX

2020 ◽  
Vol 6 (1) ◽  
pp. 151
Author(s):  
Masrizal Masrizal ◽  
Miftahurrahman Miftahurrahman ◽  
Sri Herianingrum ◽  
Yayan Firmansah
Keyword(s):  
Exchange Rates ◽  
Industrial Production ◽  
Financial Risk ◽  
Oil Prices ◽  
Research Approach ◽  
Production Index ◽  
Industrial Production Index ◽  
The Government ◽  
Economic Risks

This study examines the impacts of Indonesia's country risks (i.e. financial risk, political risk, and economic risk), exchange rate, oil prices, and industrial production index on the Jakarta Islamic Index (JII). This research use monthly data from January 2003 to March 2016 with a quantitative research approach that applies Johansen Cointegration Test and Vector Error Correction Model (VECM) to see the long-term impact and response of shocks on certain variables. The findings show the existence of short-term and long-term causalities between macroeconomic variables and the Jakarta Islamic index. Specifically, in the long run, financial risk, oil prices, and exchange rates have a significant positive effect on Jakarta Islamic Index, while economic risks and industrial production index have a significant negative on Jakarta Islamic Index. This finding shows that investors consider financial risks, economic risks, and exchange rates in investments. This finding also tells the government that several important macroeconomic indicators need to be considered.

The effect of the Trans-Anatolian Natural Gas Pipeline Project (TANAP) on industrial production in Turkey

2017 ◽  
Vol 11 (3) ◽  
pp. 404-415 ◽  
Author(s):  
Durmus Çagri Yildirim ◽  
Seyfettin Erdogan ◽  
Seda Yildirim ◽  
Hamit Can
Keyword(s):  
Natural Gas ◽  
Industrial Production ◽  
Energy Prices ◽  
Content Type ◽  
Production Index ◽  
Natural Gas Pipeline ◽  
Industrial Production Index ◽  
Pipeline Project ◽  
Positive Effect

Purpose The purpose of this study is to investigate the effect of the Trans-Anatolian Natural Gas Pipeline Project (TANAP) on industrial production in Turkey. The TANAP is a project which ensures the security of the country’s natural gas supply and encourages a decrease in energy prices. So, this study investigates TANAP’s efforts to decrease gas prices, as well as the effects of gas prices on industrial production. Design/methodology/approach The data include gas prices and industrial production index series. Gas prices are approached for industrial users (nonresidential) in Turkey and industrial production index series have been discussed for whole industries. The Johansen cointegration method has been used to analyze the data, spanning the period from 2005M01 to 2015M11. Findings Results indicate that the decrease in the energy prices has a positive effect on the industrial production index, which is accepted as a basic sign of economic growth. Accordingly, it has been proved that gas priced had a significant effect on industrial production in Turkish economy during the respective periods. Research limitations/implications This study has supported the argument that TANAP helps to decrease gas prices in Turkey. It can be said that a decrease in gas price is expected to have positive effect on industrial production in the long-term. Originality/value The present study shows that projects such as TANAP can help gas importing countries like Turkey to decrease gas prices and increase industrial production. In this context, this study supports projects that decreasing gas prices for energy importing countries in the long term.

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