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Journal : JDEP (Jurnal Dinamika Ekonomi Pembangunan)

Reaksi Pasar Modal terhadap Faktor Ekonomi dan Faktor Non Ekonomi di Indonesia Ninda Vani Lestari; Ris Yuwono Nugroho
JDEP (Jurnal Dinamika Ekonomi Pembangunan) Vol 3 No 1 (2020): JDEP (Jurnal Dinamika Ekonomi Pembangunan)
Publisher : Prodi Ekonomi Pembangunan FEB Universitas Pembangunan Nasional "Veteran" Jawa Timur

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (600.205 KB) | DOI: 10.33005/jdep.v3i1.99

Abstract

The purpose of this study is (1) to examine how much influence economic and non-economic factors have on the movement of the Jakarta Composite Index (CSPI), (2) to examine the most dominant factor in the movement of the Composite Stock Price Index (CSPI). The method in this study uses monthly data and is processed using the Vector Auto Regression (VAR) analysis technique. the results of the variance decomposition test before social / political turmoil showed that the most dominant contribution was recorded at the CSPI itself 61 percent, with economic factors 21 percent and non-economic factors 18 percent. However, the results of the variance decomposition test after social / political turmoil showed that the most dominant contribution was recorded in non-economic factors, 52 percent, with economic factors 36 percent, and CSPI itself at 18 percent. Thus, there are differences before and after social / political turmoil
Pengaruh Kebijakan Moneter dan Fiskal terhadap Pengangguran di Indonesia Triyas Ayu Hadi Setiowati; Ris Yuwono Yudo Nugroho
Jurnal Dinamika Ekonomi Pembangunan (JDEP) Vol 4 No 1 (2021): JDEP (Jurnal Dinamika Ekonomi Pembangunan)
Publisher : Universitas Pembangunan Nasional Veteran Jawa Timur

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (554.728 KB) | DOI: 10.33005/jdep.v4i1.205

Abstract

The purpose of this study is to analyze the impact of monetary policy as seen from the BI Rate and the money supply (M2, and fiscal policy as seen from government spending and tax revenue in influencing the unemployment rate in Indonesia. The approach used in this research is quantitative. The data used are the BI Rate, the money supply (M2), government spending, tax revenue and unemployment in the form of time series data in an annual form from 1995 to 2019. The method used in this study is the Vector Auto analysis model. Regression (VAR). The stages used in this research test are a stationarity test, optimum lag test, VAR stability test, impulse response test, and variance decomposition test. The results of the impulse response indicate that the unemployment variable responds most to the shock of the interest rate variable (monetary policy) compared to other variables. The results of variance decomposition indicate that the contribution given by the BI Rate to the unemployment rate is the most significant relative to the contribution given by the variable money supply (M2), government spending, and tax revenue