scholarly journals A Survey of Agglomeration Determinants in Indonesia

2021 ◽  
Vol 10 (1) ◽  
pp. 304
Author(s):  
Imamudin Yuliadi
Keyword(s):  
Exchange Rate ◽  
Regional Economies ◽  
Domestic Investment ◽  
Analysis Method ◽  
Regional Income ◽  
Hausman Test ◽  
National Economic ◽  
Integrated Policy ◽  
The Exchange Rate ◽  
Econometric Tests

This study aims to analyze the determinants of agglomeration in Indonesia by including research variables, namely the Exchange Rate (ER), Agglomeration, Williamson index (IW), Regional Income (RI), Domestic Investment (DI), Length of Road (LR), and Regional Expenditures (RB). The analysis method in this research was to estimate panel data and econometric tests, including heteroscedasticity test, multicollinearity test, Chow test, Hausman test, and t-statistic test. The data were obtained from Bank Indonesia (BI), and the Central Statistics Agency (BPS) from 2010 to 2017. The results of the study showed that agglomeration in Indonesia was affected by changes in the Exchange Rate (ER), Regional Expenditure (RB), Regional Income (RI), Domestic Investment (DI), Length of Road (LR), and Williamson index (IW). An integrated policy needs to be formulated to improve economic efficiency through the development of production chains and the utilization of regional economies to encourage national economic growth.   Received: 8 September 2020 / Accepted: 18 November 2020 / Published: 17 January 2021

scholarly journals The Predominance of Balance Sheet Effect versus Competitiveness Effect of Exchange Rate on Brazilian Companies

2020 ◽  
Vol 12 (12) ◽  
pp. 107
Author(s):  
Maria Paula Vieira Cicogna ◽  
Rudinei Toneto Jr ◽  
Mauricio Ribeiro do Valle ◽  
Wilson Tarantin Junior
Keyword(s):  
Exchange Rate ◽  
Foreign Currency ◽  
Balance Sheet ◽  
International Market ◽  
Descriptive Statistics ◽  
Negative Effect ◽  
The Exchange Rate ◽  
Econometric Tests ◽  
Foreign Currency Debt ◽  
Exchange Rate Depreciation

The present research argues that the depreciation of the exchange rate has a negative effect on the balance sheet of Brazilian companies with debt in foreign currency. This effect is mainly on commodity exporters, since it is the class of companies with the highest indebtedness in the international market, as showed by the results. At the same time, companies with foreign currency debt showed a reduction in their investments in moments of depreciation of the exchange rate, which indicates the predominance of the balance sheet effect. The conclusions of the study were obtained through descriptive statistics and econometric tests (panel data) to analyze the effect of foreign currency debt and the exchange rate on investment rate. It was verified that the balance sheet effect generated by the exchange rate depreciation is predominant when compared to the competitiveness effect from 2003 to 2015.

scholarly journals Financial factors of stimulating consumer activity to achieve the goals of the country’s national economic security

2019 ◽  
Vol 27 (2) ◽  
pp. 338-352
Author(s):  
Alexander Ya Bystriakov ◽  
Elena M Grigorieva ◽  
Elena V Savenkova
Keyword(s):  
Exchange Rate ◽  
Price Index ◽  
Consumer Price Index ◽  
Food Products ◽  
Economic Security ◽  
Financial Factors ◽  
National Economic ◽  
The Exchange Rate ◽  
The Impact ◽  
National Economic Security

In the context of the sanctions regime, the development of the national economy of Russia should be viewed from the angle of national economic security. The modern sanctions regime has begun and is still based on financial restrictions and prohibitions, which affects the need for a specific monetary policy of the country. In this regard, an important aspect of achieving the goals of national economic security are financial factors. As a methodological approach, the paper uses a descriptive approach to assess the relationship between the impact of the different channels of the transmission mechanism (welfare channel, exchange rate pass-through) and economic variables such as consumer demand. The contribution to the consumer price index of each of the three components is estimated: index of food products, index of non-food products and index of paid services. The significance of the contribution of the index of food products is revealed, which is confirmed by the results of regression analysis of the dependence of consumer prices on the exchange rate. The paper proposes a combination of inflation targeting and industrial production targeting to achieve a more significant effect of monetary policy implementation in the conditions of the sanctions regime and for the purposes of national economic security. Also, taking into account the significant contribution of changes in the exchange rate to the consumer price index, it is proposed to pay more attention to the impact of the Bank of Russia on the exchange rate.

scholarly journals Impact of Coronavirus and Macroeconomic Indicators on Sharia Obligation with Simultaneous Model

2021 ◽  
Vol 10 (2) ◽  
pp. 291-298
Author(s):  
Anton Bawono ◽  
Mohammad Rofiuddin ◽  
Rifda Nabila ◽  
Saiful Anwar
Keyword(s):  
Exchange Rate ◽  
Simultaneous Equation ◽  
Equation Model ◽  
Least Square ◽  
Analysis Method ◽  
Disease Case ◽  
Macroeconomic Indicators ◽  
The Exchange Rate ◽  
The Government ◽  
Simultaneous Model

This study examines the macroeconomic variables exchange rate and BI rate in collaboration with the Coronavirus Disease case against Sukuk. In addition, this study also examines the exchange rate influenced by the BI rate variable and the case of Coronavirus Disease. The data analysis method in this study uses a simultaneous equation model Two-Stage Least Square. This study found that the exchange rate affects the demand for Sukuk while the BI rate does not affect it. But what is surprising is that when the Coronavirus Disease 2019 case occurred, it did not affect the demand for Sukuk. This study also found that the exchange rate is influenced by the BI rate and the case of Coronavirus Disease. The contribution of this research is that when the government cannot intervene in the exchange rate, which can affect the demand for Sukuk, it can be done by intervening in the BI rate.JEL Classification: C30, G12, O10How to Cite:Bawono, A., Rofiuddin, M., Nabila, R., & Anwar, S. (2021). Impact of Coronavirus and Macroeconomic Indicators on Sharia Obligation with Simultaneous Model. Signifikan: Jurnal Ilmu Ekonomi, 10(1), 291-298. https://doi.org/10.15408/sjie.v10i2.21084.

scholarly journals Dollars and Deficits - The US Current Account Deficit and its Exchange Rate Consequences

2005 ◽  
Vol 191 ◽  
pp. 31-36 ◽  
Author(s):  
Ali Al-Eyd ◽  
Ray Barrell ◽  
Olga Pomerantz
Keyword(s):  
Exchange Rate ◽  
Current Account ◽  
Current Account Deficit ◽  
Domestic Saving ◽  
Domestic Investment ◽  
The Past ◽  
Structural Capital ◽  
The Us ◽  
Exchange Rate Movements ◽  
The Exchange Rate

In the past three years the US dollar has been declining whilst the US current account deficit has expanded, and these two developments are clearly linked. However, the causes of the decline in the dollar and the solution to the US deficit may not be as closely related as at first may appear. The emergence of a sustained deficit does not automatically necessitate a fall in the exchange rate, and a fall in the exchange rate may not correct such a deficit. Deficits can exist if the currency moves above its sustainable real exchange rate, and a real depreciation can remove such a deficit. Deficits caused by exchange rate movements are likely to be more temporary than those that either emerge for long-term structural reasons or result from structural imbalances in the economy. A structural deficit can be the consequence of low domestic saving or high domestic government borrowing. If domestic investment is very profitable then even high levels of domestic saving may still result in a savings shortfall, and the high returns may induce a structural capital inflow which will produce a sustainable current account deficit as a consequence. All these factors have influenced the increase in the US deficit in the past decade, and it is difficult to see how a correction to the deficit can occur without one of the domestic drivers changing in some way. Here we present a set of simulations using NiGEM to examine the impacts of alternative adjustment scenarios and their global implications. Before adding to the debate about the possible remedies, we will attempt to establish the sources of the current conjuncture, as the alternative adjustment paths for deficits and for the dollar depend on the sources of misalignment.

scholarly journals Effects of Monetary Policy on Inflation and National Economy Based on Analysis of Bank Indonesia Annual Report

2020 ◽  
Vol 10 ◽  
pp. 423-435
Author(s):  
Silvia Angelina ◽  
Nugi Mohammad Nugraha
Keyword(s):  
Exchange Rate ◽  
Money Supply ◽  
Foreign Investment ◽  
National Economy ◽  
Positive Impact ◽  
Series Data ◽  
Domestic Investment ◽  
Previous Period ◽  
The Exchange Rate ◽  
Positive Effect

This study focuses on analysis (1) money supply effect, previous period money supply, the level of SBI (Bank Indonesia Certificate), the exchange rate, and the economy on inflation in Indonesia (2) The effect of inflation, domestic investment, previous period domestic investment, foreign investment, previous period foreign investment, and economic labor in Indonesia. Time series data using the simultaneous analysis model equation of the Two-Stage Least Squared (TSLS) method. The results of the study concluded that (1) the money supply had a significant and positive impact on inflation, the money supply in the previous period had a significant and positive impact on inflation, the SBI rate had a significant and negative effect on inflation, the exchange rate had a significant and positive effect on inflation. Meanwhile, the national economy has no significant and positive effect on inflation. If the money supply increases, inflation will increase. If the money supply in the previous period increased, inflation would also increase. If the SBI interest rate rises, inflation will depreciate. If the exchange rate rises, inflation will appreciate. If the level of the national economy rises, inflation will appreciate. (2) Domestic investment, previous period domestic investment, foreign investment, previous period foreign investment, and labor have a significant effect on the economy in Indonesia, while the inflation rate has no significant effect on the economy in Indonesia

scholarly journals ANALISIS KURS DAN PRODUKSI TEKSTIL TERHADAP IMPOR TEKSTIL DI INDONESIA

2021 ◽  
Vol 4 (1) ◽  
pp. 57
Author(s):  
Mauliza Mauliza ◽  
Devi Andriyani
Keyword(s):  
Regression Analysis ◽  
Exchange Rate ◽  
Data Analysis ◽  
Exchange Rates ◽  
Linear Regression Analysis ◽  
Secondary Data ◽  
Multiple Linear Regression Analysis ◽  
Analysis Method ◽  
Textile Production ◽  
The Exchange Rate

This study aims to determine the effect of exchange rates and textile production on textile imports in Indonesia. The data used in this study are secondary data obtained from the Central Bureau of Statistics and Bank Indonesia from 2009 quarter 1 to 2018 quarter 4. The data analysis method used in this study is the Multiple Linear Regression analysis method. The results show that the exchange rate variables partially has a positive and significant effect on the volume of textile imports in Indonesia. Partially, production has a positive and significant effect on the volume of textile imports in Indonesia. Simultaneously,  the exchange rate and textile production have a positive and significant effect on the volume of imports of Indonesian textiles. The magnitude of the effect of exchange rates and production on textile imports is 0.627 (62.7%), while those influenced by other variables outside this model are 0.373 (37.3%).Keywords: textile imports, exchange rates, production

Faktor-Faktor Yang Mempengaruhi Nilai Tukar Dollar Amerika Serikat Terhadap Rupiah Tahun 2000–2013

2017 ◽  
Vol 1 (2) ◽  
pp. 177-191
Author(s):  
Rizki Rahma Kusumadewi ◽  
Wahyu Widayat
Keyword(s):  
Time Series ◽  
Exchange Rate ◽  
Money Supply ◽  
Time Series Data ◽  
The United States ◽  
Economic Conditions ◽  
Series Data ◽  
Arch Model ◽  
United States Dollar ◽  
The Exchange Rate

Exchange rate is one tool to measure a country’s economic conditions. The growth of a stable currency value indicates that the country has a relatively good economic conditions or stable. This study has the purpose to analyze the factors that affect the exchange rate of the Indonesian Rupiah against the United States Dollar in the period of 2000-2013. The data used in this study is a secondary data which are time series data, made up of exports, imports, inflation, the BI rate, Gross Domestic Product (GDP), and the money supply (M1) in the quarter base, from first quarter on 2000 to fourth quarter on 2013. Regression model time series data used the ARCH-GARCH with ARCH model selection indicates that the variables that significantly influence the exchange rate are exports, inflation, the central bank rate and the money supply (M1). Whereas import and GDP did not give any influence.

Pengaruh Faktor Fundamental, Risiko Sistematis Dan Ekonomi Makro Terhadap Return Saham Syariah Yang Tergabung Di Jakarta Islamic Index (JII) Pada Periode 2010 – 2014

2017 ◽  
Vol 24 (1) ◽  
pp. 54-70
Author(s):  
Hasanah Setyowati ◽  
Riyanti Ningsih
Keyword(s):  
Exchange Rate ◽  
Stock Exchange ◽  
Systematic Risk ◽  
Secondary Data ◽  
Analysis Model ◽  
Macroeconomic Factors ◽  
Return On Equity ◽  
Equity Ratio ◽  
Regression Techniques ◽  
The Exchange Rate

This study aimed to obtain empirical evidence on the influence of fundamental factors, systematic risk and macroeconomics on the returns Islamic stock of companies incorporated in the Jakarta Islamic Index in 2010-2014. The variables used were the fundamental factors that are proxied by Earning Per Share (EPS), Return on Equity (ROE), Debt to Equity Ratio (DER); Systematic risk is proxied by Beta Shares; macroeconomic factors is proxied by the inflation rate and the exchange rate. The samples of this study are the enterprises incorporated in Jakarta Islamic Index (JII) at the Indonesian Stock Exchange. The sampling method was using purposive sampling. There were 12 samples of Islamic stocks that meet the criteria to be used as samples. The analysis model used is multiple linear regression techniques and the type of data used is secondary data. The study found that all variables, which are Earning Per Share (EPS), Return on Equity (ROE), Debt to Equity Ratio (DER), Beta stock, inflation and the exchange rate do not significantly affect the return of sharia stock either simultaneously or partially.

On the Exchange Rate Policy

2010 ◽  
pp. 21-28
Author(s):  
K. Yudaeva
Keyword(s):  
Monetary Policy ◽  
Exchange Rate ◽  
Inflation Targeting ◽  
Exchange Rate Policy ◽  
Institutional Changes ◽  
Crisis Period ◽  
Local Currency ◽  
High Inflation ◽  
Rate Policy ◽  
The Exchange Rate

The level of trust in the local currency in Russia is very low largely because of relatively high inflation. As a result, Bank of Russia during crisis times can not afford monetary policy loosening and has to fight devaluation expectations. To change the situation in the post-crisis period Russia needs to live through a continuous period of low inflation. Modified inflation targeting can help achieve such a result. However, it should be amended with institutional changes, particularly development of hedging instruments.

The influence of inflation targeting on the pass-through effect of the exchange rate

2018 ◽  
pp. 70-84
Author(s):  
Ph. S. Kartaev ◽  
Yu. I. Yakimova
Keyword(s):  
Developing Countries ◽  
Monetary Policy ◽  
Exchange Rate ◽  
Inflation Targeting ◽  
Policy Regime ◽  
Short And Long Term ◽  
The Exchange Rate ◽  
Pass Through ◽  
The Impact

The paper studies the impact of the transition to the inflation targeting regime on the magnitude of the pass-through effect of the exchange rate to prices. We analyze cross-country panel data on developed and developing countries. It is shown that the transition to this regime of monetary policy contributes to a significant reduction in both the short- and long-term pass-through effects. This decline is stronger in developing countries. We identify the main channels that ensure the influence of the monetary policy regime on the pass-through effect, and examine their performance. In addition, we analyze the data of time series for Russia. It was concluded that even there the transition to inflation targeting led to a decrease in the dependence of the level of inflation on fluctuations in the ruble exchange rate.

Sign in / Sign up

Export Citation Format

Share Document