scholarly journals IDENTIFIKASI BANJIR IMPOR KENTANG DAN DAMPAKNYA TERHADAP HARGA DOMESTIK KENTANG DI INDONESIA

2018 ◽  
Vol 2 (2) ◽  
pp. 156-175
Author(s):  
Hadiwiyono Hadiwiyono ◽  
Muhammad Firdaus ◽  
Lukytawati Anggraeni
Keyword(s):  
Error Correction ◽  
Function Analysis ◽  
Error Correction Model ◽  
Vector Error Correction Model ◽  
Domestic Price ◽  
Correction Model ◽  
Vector Error Correction ◽  
Vector Error ◽  
Safeguard Mechanism ◽  
The Impact

Indonesia needed to be cautious of import surge since it has potential to influence import value and price in the era of trade globalization. The main purpose of this reasearch was to examine whether import surge occurred for horticulture commodities in Indonesia, especially for potato. The methods used for identifying occurrence of import surge was based on Special Safeguard Mechanism framework of World Trade Organization which will strengthened with Vector Error Correction Model to analyse the impact of import surge to domestic prices. Based on Special Safeguard Mechanism framework, volume-based Special Safeguard Mechanism triggered in almost all year during 2002-2012 but price-based Special Safeguard Mechanism is not triggered in those years. Based on Impuls Response Function analysis, the impact of import surge shock to domestic price was relatively low but occurred permanently. Based on Forecast Error Variance Decomposition analysis, import surge variables contributed slightly to the domestic price variability but it tend to increased as time. Keywords: Horticulture, Potato, Special Safeguard Mechanism, Import Surge, Vector Error Correction Model

scholarly journals IDENTIFIKASI BANJIR IMPOR KENTANG DAN DAMPAKNYA TERHADAP HARGA DOMESTIK KENTANG DI INDONESIA

2018 ◽  
Vol 2 (2) ◽  
pp. 156-175
Author(s):  
Hadiwiyono Hadiwiyono ◽  
Muhammad Firdaus ◽  
Lukytawati Anggraeni
Keyword(s):  
Error Correction ◽  
Function Analysis ◽  
Error Correction Model ◽  
Vector Error Correction Model ◽  
Domestic Price ◽  
Correction Model ◽  
Vector Error Correction ◽  
Vector Error ◽  
Safeguard Mechanism ◽  
The Impact

Indonesia needed to be cautious of import surge since it has potential to influence import value and price in the era of trade globalization. The main purpose of this reasearch was to examine whether import surge occurred for horticulture commodities in Indonesia, especially for potato. The methods used for identifying occurrence of import surge was based on Special Safeguard Mechanism framework of World Trade Organization which will strengthened with Vector Error Correction Model to analyse the impact of import surge to domestic prices. Based on Special Safeguard Mechanism framework, volume-based Special Safeguard Mechanism triggered in almost all year during 2002-2012 but price-based Special Safeguard Mechanism is not triggered in those years. Based on Impuls Response Function analysis, the impact of import surge shock to domestic price was relatively low but occurred permanently. Based on Forecast Error Variance Decomposition analysis, import surge variables contributed slightly to the domestic price variability but it tend to increased as time. Keywords: Horticulture, Potato, Special Safeguard Mechanism, Import Surge, Vector Error Correction Model

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.

scholarly journals The Impact Of Dividend Payments On Shareholders Wealth: Evidence From The Vector Error Correction Model

2013 ◽  
Vol 12 (11) ◽  
pp. 1451 ◽  
Author(s):  
Johannes De Wet ◽  
Mvita Mpinda
Keyword(s):  
Error Correction ◽  
Market Price ◽  
Error Correction Model ◽  
Vector Error Correction Model ◽  
Correction Model ◽  
Vector Error Correction ◽  
Dividend Payments ◽  
Vector Error ◽  
Long Run ◽  
The Impact

To date, a vast body of research has been established on dividend policy. However, little research has been done on the impact of dividend payments on shareholders wealth while considering the short- and long-run effects. This study is based on a sample of 46 companies listed on the Johannesburg Securities Exchange (JSE) for the period 1995 to 2010. The Vector Error Correction Model (VECM) was used to describe the short-run and long-run dynamics or the adjustment of the co-integrated variables toward their equilibrium values. Results indicate that in the long run, dividend yield is positively related to market price per share, while earnings per share do not have a significant impact on the market price per share.

scholarly journals An Empirical Analysis of The Impact of Islamic Banking on Real Output in Indonesia

2020 ◽  
Vol 11 (2) ◽  
pp. 329-345
Author(s):  
Hadi Sasana ◽  
Deni Ramdani ◽  
Ivo Novitaningtyas
Keyword(s):  
Economic Growth ◽  
Error Correction ◽  
Error Correction Model ◽  
Islamic Banking ◽  
Vector Error Correction Model ◽  
Correction Model ◽  
Vector Error Correction ◽  
Vector Error ◽  
Actual Output ◽  
The Impact

Abstract: The role and contribution of Islamic finance on economic growth in Indonesia has increased gradually and steadily. This is because the Islamic economy's universal and comprehensively basic principle is the primary foundation of Islamic banking. This research aimed to analyze the role of Islamic Banking on Indonesia's real sector during 2007.01 – 2016.04. This study used the Vector Error Correction Model (VECM) as a tool to analyze secondary data. The result showed that in Indonesia, sharia deposit positively and significantly influenced actual output in the short term. In addition, in the long-term, sharia financing positively and significantly influenced actual output. Moreover, Granger Causality Test proved the occurrence of one-way causality between actual output and inflation. Thus, Islamic banking can encourage actual output in Indonesia. The results of this study become a consideration for stakeholders and policymakers to pay more attention to strategies and policies that support economic growth in Indonesia.Abstrak: Perkembangan keuangan syariah di Indonesia semakin meningkat setiap tahunnya. Prinsip-prinsip dasar ekonomi syariah yang universal dan komprehensif merupakan landasan utama perbankan syariah. Tujuan penelitian ini untuk menginvestigasi peran perbankan syariah terhadap sektor riil di Indonesia selama periode 2007.01 – 2016.04. Penelitian ini menggunakan Vector Error Correction Model (VECM) sebagai alat untuk menganalisis data sekunder. Hasil penelitian menemukan bahwa dalam jangka pendek deposito syariah berpengaruh positif dan signifikan terhadap output rill. Selain itu, dalam jangka panjang pembiayaan syariah berpengaruh positif dan signifikan terhadap output riil di Indonesia. Lebih lanjut, Uji Kausalitas Granger membuktikan terjadinya kausalitas satu arah antara output riil dan inflasi. Dengan demikian, perbankan syariah mampu mendorong output riil di Indonesia. Hasil penelitian ini menjadi bahan pertimbangan bagi para pemangku kepentingan dan pengambil kebijakan untuk lebih memperhatikan strategi dan kebijakan yang mendukung pertumbuhan ekonomi di Indonesia.

scholarly journals Vector Error Correction Model on FDI and their Impact in the Republic of Macedonia

2018 ◽  
Vol 21 (2) ◽  
pp. 19-35 ◽  
Author(s):  
Irena Kikerkova ◽  
Elena Naumovska ◽  
Katerina Toshevska-Trpchevska ◽  
Elena Makrevska Disoska
Keyword(s):  
Error Correction ◽  
Growth And Development ◽  
Political Stability ◽  
Error Correction Model ◽  
Current Account Balance ◽  
Vector Error Correction Model ◽  
Correction Model ◽  
Vector Error Correction ◽  
Vector Error ◽  
The Impact

Abstract The subject of this paper is the foreign direct investment (FDI) inflow in Macedonia and its impact upon the economic growth and development of the country. Its basic purpose is to analyse the interconnection of FDI with a number of economic, political and institutional variables in Macedonia. We decided to apply Vector Error Correction Model (VECM) on FDI impact upon the Macedonian economy. The FDI indicator is calculated as a function of certain fundamental economic variables (GDP growth rate, labor productivity rate, openness to trade, current account balance) as well as of Worldwide Governance Indicators (control of corruption, government effectiveness, political stability, regulatory quality and rule of law). Results obtained by the econometric model should provide relevant conclusions on the impact of the up-to-date FDI inflow upon the growth and development of the Macedonian economy.

scholarly journals The Influence of Administrative Monopoly on Economic Development——An Empirical Study Based on Vector Error Correction Model

2017 ◽  
Vol 12 (6) ◽  
pp. 182
Author(s):  
Zhao Xiaoge ◽  
Zhong Shihu
Keyword(s):  
Economic Development ◽  
Error Correction ◽  
Transition Economy ◽  
Error Correction Model ◽  
Vector Error Correction Model ◽  
Administrative Monopoly ◽  
Correction Model ◽  
Vector Error Correction ◽  
Vector Error ◽  
The Impact

As a unique form of China's transition economy, the impact of administrative monopoly on economic development can not be ignored. Analyzing the data from 1990 to 2015, this paper investigates the relationship between administrative monopoly and economic development based on Vector Error Correction Model (VEC)model. The results show that there is a long - term equilibrium relationship between administrative monopoly and economic development. In the long run, the administrative monopoly has obvious obstructive effect on economic development. The hardest part, as well as the emphasis in China's economic reform will be how to separate the government from state-owned enterprises and eliminate administrative monopoly.

scholarly journals The Impact of Electric Vehicle Demand and Battery Recycling on Price Dynamics of Lithium-Ion Battery Cathode Materials: A Vector Error Correction Model (VECM) Analysis

2018 ◽  
Vol 10 (8) ◽  
pp. 2870 ◽  
Author(s):  
Jung Mo ◽  
Wooyoung Jeon
Keyword(s):  
Error Correction ◽  
Lithium Ion ◽  
Error Correction Model ◽  
Policy Implications ◽  
Raw Material ◽  
Vector Error Correction Model ◽  
Correction Model ◽  
Vector Error Correction ◽  
Vector Error ◽  
The Impact

The recent rise in demand for electric vehicles (EV) and energy storage supporting power systems has increased the demand for lithium-ion batteries (LIB), and it is expected to be more significant in near future. However, materials for LIB, such as lithium and cobalt, may face limited supply due to oligopolistic market characteristics, and this can have a significant impact on prices of LIB materials. This paper examines the dynamics of LIB raw material prices (cobalt, lithium, nickel, and manganese prices) with EV demand using the Vector Error Correction Model (VECM) method. The result shows that the EV demand is important in short-run dynamics of cobalt and lithium prices, which indicates that the recent increase in lithium and cobalt prices has been caused by increase in EV demand. In the long-run equilibrium, lithium and nickel prices move inversely with cobalt prices. The impulse response results confirm that EV demand has an immediate positive effect on cobalt price, and the effect maintains over two years. On the other hand, the EV demand shock to nickel, lithium, and manganese prices is relatively small. This study also analyses the impact of recycling policy of LIB on material prices. Finally, the paper discusses the policy implications for stabilizing material prices of LIB.

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