scholarly journals Analisis Ricardian Equivalence Hypothesis di Indonesia: Pengaruh Kebijakan Fiskal terhadap Konsumsi Masyarakat

2020 ◽  
Vol 1 (1) ◽  
pp. 56-64
Author(s):  
Bekti Ayu Selawati ◽  
Evi Yulia Purwanti
Keyword(s):  
Error Correction ◽  
World Bank ◽  
Error Correction Model ◽  
Ricardian Equivalence ◽  
Correction Model

Belanja pemerintah pusat cenderung mengalami peningkatan dari tahun ke tahun. Jumlah penerimaan pajak yang lebih kecil daripada kebutuhan belanja mendorong pemerintah untuk memperoleh sumber pembiayaan, yang salah satunya dengan melakukan penarikan utang luar negeri. Beban utang luar negeri yang semakin tahun semakin meningkat bisa mempengaruhi perekonomian Indonesia. Penelitian ini bertujuan untuk menganalisis pengaruh kebijakan fiskal dan utang luar negeri pemerintah terhadap konsumsi masyarakat. Penelitian ini juga menggunakan Produk Domestik Bruto (PDB) dan kekayaan sebagai faktor yang mempengaruhi konsumsi. Data yang digunakan di dalam penelitian merupakan data sekunder yang diperoleh dari Kementerian Keuangan, Badan Pusat Statistik dan World Bank tahun 1973 sampai dengan 2014. Metode analisis yang digunakan adalah Error Correction Model (ECM). Hasil penelitian menunjukkan bahwa variabel kebijakan fiskal melalui instrumen belanja pemerintah pusat dan pembayaran bunga utang tidak signifikan mempengaruhi konsumsi dalam jangka pendek. Namun dalam panjang, seluruh variabel independen yang digunakan di dalam penelitian terbukti secara statistik berpengaruh signifikan terhadap konsumsi masyarakat. Ricardian Equivalence Hypothesis tentang adanya netralitas kebijakan fiskal tidak berlaku di dalam perekonomian Indonesia untuk periode 1973 hingga 2014.

scholarly journals ANALISIS NILAI TUKAR RUPIAH DAN IMPLIKASINYA PADA PEREKONOMIAN INDONESIA: PENDEKATAN ERROR CORRECTION MODEL (ECM)

2007 ◽  
Vol 8 (2) ◽  
pp. 146
Author(s):  
Imamudin Yuliadi
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Error Correction ◽  
World Bank ◽  
Error Correction Model ◽  
Economic Factors ◽  
Correction Model ◽  
Long Run ◽  
Short Run ◽  
Independent Variable

The changing of exchange rate is due to interaction between economic factors and non-economic factors. The aim of this research is to analyse some factors that affect exchange rate and their implications on Indonesian economy. Analytical method used in this research is explanatory method is to test hypothesis about simultaneous relationship among variables that research by developing the characteristics of verificative research by doing some testing at every step of research. We used secon-dary data taken from BI, BPS, World Bank and IFS. We used error correction model (ECM) to analysis between independent variable and dependent variable in both the short run and long run. The result of this research shows that ratio between domestic interest rate and international interest rate did not affect negative and significantly to exchange rate. Capital flow affected negative and significantly. Balance of payment affected negative and significantly. Money supply affected positive and significantly. According ECM method that used in this research shows that the methodology is good to analyse because the magnitude of ECT is accept.

Pengaruh Jangka Pendek Dan Jangka Panjang Variabel Makro Ekonomi Terhadap Ihsg Di Bursa Efek Indonesia Dengan Pendekatan Error Correction Model (ECM)

2019 ◽  
Vol 6 (1) ◽  
pp. 12-24
Author(s):  
Suryo Refli Ranto
Keyword(s):  
Error Correction ◽  
Error Correction Model ◽  
Correction Model

Penelitian ini bertujuan untuk menguji secara empiris pengaruh jangka pendek dan jangka panjang dari Inflasi, Jumlah Uang Berjalan, Kurs, Tingkat Bunga Bank Indonesia, Harga Minyak Dunia (WTI) dan Net Ekspor terhadap Indeks Harga Saham Gabungan (IHSG) dengan metode Error Correction Model (ECM) yang diolah dengan eviews 6.0. Selama periode pengamatan yaitu tahun 2000-2012 terjadi hubungan antara variabel makro dengan pergerakan IHSG di Bursa Efek Indonesia (BEI). Hasil uji ECM memperlihatkan Inflasi, kurs dan harga minyak dunia berpengaruh signifakan terhadap IHSG pada jangka pendek sedangkan pada jangka panjang variabel yang signifikan mempengaruhi IHSG adalah IHK, kurs, net ekspor dan harga minyak dunia.Kata kunci : IHSG, IHK, JUB, Kurs, tingkat Bunga Bank Indonesia (rSBI), Harga Minyak Dunia (WTI), Net Ekspor dan Error Correction Model (ECM) 

Corporate Taxes and Foreign Direct Investment: An Impact Analysis

2020 ◽  
Vol 5 (2) ◽  
pp. 28-43
Author(s):  
Onome Christopher Edo ◽  
Anthony Okafor ◽  
Akhigbodemhe Emmanuel Justice
Keyword(s):  
Foreign Direct Investment ◽  
Error Correction ◽  
Direct Investment ◽  
Impact Analysis ◽  
Negative Relationship ◽  
Value Added ◽  
Positive Association ◽  
Error Correction Model ◽  
Corporate Taxes ◽  
Correction Model

Objective – The purpose of this study is to investigate the effect of corporate taxes on the flow of Foreign Direct Investment (FDI) in Nigeria between 1983 and 2017. Methodology/Technique – This study adopts an ex-post facto research design. Secondary data was sourced from the World Bank Development Indicator, the Central Bank of Nigeria database, and the Federal Inland Revenue database. The research data was analyzed using the Error Correction Model (ECM). Findings – The coefficient of determination (R2) shows that approximately 77% of systematic changes in FDI are attributed to the combined effect of all of the explanatory variables used in this study. Specifically, the study concludes that Company Income Tax, Value Added Tax, and Custom and Excise Duties have a significant but negative relationship with FDI. In contrast, Tertiary Education Tax has a positive association with FDI. Further, Exchange Rate has a negative but significant relationship with FDI, Inflation had an insignificant but positive association with FDI, and GDP growth Rate and Trade Openness demonstrate a positive and significant association with FDI. Novelty – The findings of this study are distinguishable from previous studies, as it uncovers new evidence that higher Education Tax Rates influences FDI and emerging evidence on the effect of non-tax variables on FDI inflow. Type of Paper: Empirical. JEL Classification: E22, F21, H2, P33. Keywords: Corporate Taxes; Foreign Direct Investment; Error Correction Model; Nigeria; Non-Tax Variables. Reference to this paper should be made as follows: Edo, O.C; Okafor, A; Justice, A.E. 2020. Corporate Taxes and Foreign Direct Investment: An Impact Analysis, Acc. Fin. Review 5 (2): 28 – 43. https://doi.org/10.35609/afr.2020.5.2(1)

Dependence structure between money and economic activity: A Markov-switching copula VEC approach

2021 ◽  
pp. 1-17
Author(s):  
Apostolos Serletis ◽  
Libo Xu
Keyword(s):  
Error Correction ◽  
Economic Activity ◽  
Regime Switching ◽  
Markov Switching ◽  
Tail Dependence ◽  
Error Correction Model ◽  
Dependence Structure ◽  
Copula Models ◽  
Correction Model ◽  
Dependence Structures

Abstract This paper examines correlation and dependence structures between money and the level of economic activity in the USA in the context of a Markov-switching copula vector error correction model. We use the error correction model to focus on the short-run dynamics between money and output while accounting for their long-run equilibrium relationship. We use the Markov regime-switching model to account for instabilities in the relationship between money and output, and also consider different copula models with different dependence structures to investigate (upper and lower) tail dependence.

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