Gorontalo Development Review
Volume 6 Nomor 1 April 2023

Oil Price Shocks Dynamics, Stock Market Dynamics, and Exchange Rate Dynamics

Yeni Suseni (Universitas Andalas)
Bintang Rizky (Universitas Andalas)
Putri Ayu (Universitas Andalas)
Weriantoni Weriantoni (Universitas Andalas)



Article Info

Publish Date
09 Mar 2023

Abstract

This research was conducted to determine the influence  of oil price, stocks and exchange rates in Indonesia. The data used in this research is secondary data in the form of time series data stretching from November 2014 to November 2022. The Quantitative research method, which is VAR (Vector Autoregressive) was used to test and analyze hypotheses with measurable data to obtain parameters from the variables’ influence. The study’s results found that oil prices significantly influenced Indonesia’s stock prices decline. Oil on the exchange rate was also significant, meaning last month's oil prices affected the exchange rate this month, and there was a depreciation. Still, the exchange rate was not significant for stock prices.

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Journal Info

Abbrev

gdrev

Publisher

Subject

Economics, Econometrics & Finance

Description

Gorontalo Development Review (GOLDER) adalah Jurnal yang dipublikasi oleh Fakultas Ekonomi Universitas Gorontalo. GOLDER diharapkan dapat membantu pemangku kepentingan dan pengusaha serta akademisi dalam hal melahirkan berbagai kebijakan yang di peruntukkan bagi pengembangan pembangunan daerah ...