Loan to Value Ratio, KPR and KPA in Indonesia
The COVID-19 pandemic that occurred at the beginning of 2020 has caused economic growth to decline in many countries, including Indonesia. One of the steps taken with the aim of economic recovery is by increasing the consumption in credit channels or non-credit channels, such as social aid. This the...
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| Format: | Article |
| Language: | English |
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Departemen Ilmu Ekonomi Fakultas Ekonomi dan Bisnis Universitas Airlangga
2023-06-01
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| Series: | JDE (Journal of Developing Economies) |
| Subjects: | |
| Online Access: | https://e-journal.unair.ac.id/JDE/article/view/39737 |
| _version_ | 1797802563573121024 |
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| author | Novrianti Putri ardely Mahjus Ekananda |
| author_facet | Novrianti Putri ardely Mahjus Ekananda |
| author_sort | Novrianti Putri ardely |
| collection | DOAJ |
| description | The COVID-19 pandemic that occurred at the beginning of 2020 has caused economic growth to decline in many countries, including Indonesia. One of the steps taken with the aim of economic recovery is by increasing the consumption in credit channels or non-credit channels, such as social aid. This thesis discusses loan-to-value ratio effects on property loans, KPR, and KPA in Indonesia. Property loans, KPR and KPA, are included in consumer credits, and loan-to-value ratio is one of the macroprudential policy instruments. The method used in this thesis is Autoregressive Distributed Lag linear regression (ARDL) with property credit, KPR, and KPA as the dependent variable, the dummy variable of the loan-to-value ratio as the independent variables, and consumer credit interest rates, gross domestic product and inflation as the control variables. In addition, the interaction variable between the dummy variable of loan-to-value ratio and consumer credit interest rate is also used. The results showed that the interaction variable between the dummy variable of tightening in loan-to-value ratio and consumer credit interest rate is significant to property loans, KPR, and KPA in the long run. Furthermore, GDP and consumer credit interest rates, which are control variables, are also significant to property loans, KPR, and KPA in the long run |
| first_indexed | 2024-03-13T05:08:34Z |
| format | Article |
| id | doaj.art-11d4e0d862844676a9253a8dc2642539 |
| institution | Directory Open Access Journal |
| issn | 2541-1012 2528-2018 |
| language | English |
| last_indexed | 2024-03-13T05:08:34Z |
| publishDate | 2023-06-01 |
| publisher | Departemen Ilmu Ekonomi Fakultas Ekonomi dan Bisnis Universitas Airlangga |
| record_format | Article |
| series | JDE (Journal of Developing Economies) |
| spelling | doaj.art-11d4e0d862844676a9253a8dc26425392023-06-16T06:26:30ZengDepartemen Ilmu Ekonomi Fakultas Ekonomi dan Bisnis Universitas AirlanggaJDE (Journal of Developing Economies)2541-10122528-20182023-06-018121823010.20473/jde.v8i1.3973737807Loan to Value Ratio, KPR and KPA in IndonesiaNovrianti Putri ardely0Mahjus Ekananda1https://orcid.org/0000-0002-3514-2530Faculty of Economics and Business, University of Indonesia, Jakarta, IndonesiaFaculty of Economics and Business, University of Indonesia, Jakarta, IndonesiaThe COVID-19 pandemic that occurred at the beginning of 2020 has caused economic growth to decline in many countries, including Indonesia. One of the steps taken with the aim of economic recovery is by increasing the consumption in credit channels or non-credit channels, such as social aid. This thesis discusses loan-to-value ratio effects on property loans, KPR, and KPA in Indonesia. Property loans, KPR and KPA, are included in consumer credits, and loan-to-value ratio is one of the macroprudential policy instruments. The method used in this thesis is Autoregressive Distributed Lag linear regression (ARDL) with property credit, KPR, and KPA as the dependent variable, the dummy variable of the loan-to-value ratio as the independent variables, and consumer credit interest rates, gross domestic product and inflation as the control variables. In addition, the interaction variable between the dummy variable of loan-to-value ratio and consumer credit interest rate is also used. The results showed that the interaction variable between the dummy variable of tightening in loan-to-value ratio and consumer credit interest rate is significant to property loans, KPR, and KPA in the long run. Furthermore, GDP and consumer credit interest rates, which are control variables, are also significant to property loans, KPR, and KPA in the long runhttps://e-journal.unair.ac.id/JDE/article/view/39737covid-19 pandemicardl approachloan-to-value ratiokprkpa |
| spellingShingle | Novrianti Putri ardely Mahjus Ekananda Loan to Value Ratio, KPR and KPA in Indonesia JDE (Journal of Developing Economies) covid-19 pandemic ardl approach loan-to-value ratio kpr kpa |
| title | Loan to Value Ratio, KPR and KPA in Indonesia |
| title_full | Loan to Value Ratio, KPR and KPA in Indonesia |
| title_fullStr | Loan to Value Ratio, KPR and KPA in Indonesia |
| title_full_unstemmed | Loan to Value Ratio, KPR and KPA in Indonesia |
| title_short | Loan to Value Ratio, KPR and KPA in Indonesia |
| title_sort | loan to value ratio kpr and kpa in indonesia |
| topic | covid-19 pandemic ardl approach loan-to-value ratio kpr kpa |
| url | https://e-journal.unair.ac.id/JDE/article/view/39737 |
| work_keys_str_mv | AT novriantiputriardely loantovalueratiokprandkpainindonesia AT mahjusekananda loantovalueratiokprandkpainindonesia |