The Effect of Stock Prices and Exchange Rates on Economic Growth in Indonesia
This research aims to investigate the effect of stock prices and exchange rates on Indonesia economic growth. The data were used the quarterly time series spanning in the period, 2004Q1-2015Q3. Econometric model were used to analyze these data is the autoregressive distributed lag (ADL) model. The r...
| Main Authors: | , , , , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
EconJournals
2017-09-01
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| Series: | International Journal of Economics and Financial Issues |
| Subjects: | |
| Online Access: | https://dergipark.org.tr/tr/pub/ijefi/issue/32021/354289?publisher=http-www-cag-edu-tr-ilhan-ozturk |
| _version_ | 1797923270322814976 |
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| author | La Saidi Pasrun Adam - Rostin Zainuddin Saenong Muh. Yani Balaka - Gamsir - Asmuddin - Salwiah |
| author_facet | La Saidi Pasrun Adam - Rostin Zainuddin Saenong Muh. Yani Balaka - Gamsir - Asmuddin - Salwiah |
| author_sort | La Saidi |
| collection | DOAJ |
| description | This research aims to investigate the effect of stock prices and exchange rates on Indonesia economic growth. The data were used the quarterly time series spanning in the period, 2004Q1-2015Q3. Econometric model were used to analyze these data is the autoregressive distributed lag (ADL) model. The result of stationary test showed that all of the time series of share prices, exchange rates, and economic growth are stationary at the first difference, or integrated of order one, I(1). The results of cointegration test showed that the third time series of stock prices, exchange rates, and economic growth are not cointegrated. The results of effect test showed that there is an effect of the stock prices and exchange rates on Indonesia’s economic growth. Furthermore, the amount of influence stock prices on economic growth is greater than the effect of exchange rates on economic growth. |
| first_indexed | 2024-04-10T14:44:57Z |
| format | Article |
| id | doaj.art-aa444727a468442eb3aa925491de9a14 |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T14:44:57Z |
| publishDate | 2017-09-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-aa444727a468442eb3aa925491de9a142023-02-15T16:07:58ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382017-09-01735275331032The Effect of Stock Prices and Exchange Rates on Economic Growth in IndonesiaLa SaidiPasrun Adam- RostinZainuddin SaenongMuh. Yani Balaka- Gamsir- Asmuddin- SalwiahThis research aims to investigate the effect of stock prices and exchange rates on Indonesia economic growth. The data were used the quarterly time series spanning in the period, 2004Q1-2015Q3. Econometric model were used to analyze these data is the autoregressive distributed lag (ADL) model. The result of stationary test showed that all of the time series of share prices, exchange rates, and economic growth are stationary at the first difference, or integrated of order one, I(1). The results of cointegration test showed that the third time series of stock prices, exchange rates, and economic growth are not cointegrated. The results of effect test showed that there is an effect of the stock prices and exchange rates on Indonesia’s economic growth. Furthermore, the amount of influence stock prices on economic growth is greater than the effect of exchange rates on economic growth.https://dergipark.org.tr/tr/pub/ijefi/issue/32021/354289?publisher=http-www-cag-edu-tr-ilhan-ozturkstock price exchange rate economic growth autoregressive distributed lag model |
| spellingShingle | La Saidi Pasrun Adam - Rostin Zainuddin Saenong Muh. Yani Balaka - Gamsir - Asmuddin - Salwiah The Effect of Stock Prices and Exchange Rates on Economic Growth in Indonesia International Journal of Economics and Financial Issues stock price exchange rate economic growth autoregressive distributed lag model |
| title | The Effect of Stock Prices and Exchange Rates on Economic Growth in Indonesia |
| title_full | The Effect of Stock Prices and Exchange Rates on Economic Growth in Indonesia |
| title_fullStr | The Effect of Stock Prices and Exchange Rates on Economic Growth in Indonesia |
| title_full_unstemmed | The Effect of Stock Prices and Exchange Rates on Economic Growth in Indonesia |
| title_short | The Effect of Stock Prices and Exchange Rates on Economic Growth in Indonesia |
| title_sort | effect of stock prices and exchange rates on economic growth in indonesia |
| topic | stock price exchange rate economic growth autoregressive distributed lag model |
| url | https://dergipark.org.tr/tr/pub/ijefi/issue/32021/354289?publisher=http-www-cag-edu-tr-ilhan-ozturk |
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