Analisis dampak harga emas dunia, harga minyak dunia, kurs, Indeks Harga Konsumen (IHK), dan BI rate terhadap Jakarta Islamic Index
Purpose — The paper attempts to analyze the impacts of the gold price, oil price, exchange rate, consumer price index, and BI rate on the Jakarta Islamic Index. Research method — This study employs VAR-VECM to analyze all secondary data collected. The period is from January 2009 until December 2011...
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Format: | Article |
Language: | English |
Published: |
Universitas Islam Negeri (UIN) Mataram, Faculty of Islamic Economics and Business
2019-12-01
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Series: | Journal of Enterprise and Development |
Subjects: | |
Online Access: | https://journal.uinmataram.ac.id/index.php/jed/article/view/970 |
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author | Muhammad Umar Azyka Alfuadi |
author_facet | Muhammad Umar Azyka Alfuadi |
author_sort | Muhammad Umar Azyka Alfuadi |
collection | DOAJ |
description |
Purpose — The paper attempts to analyze the impacts of the gold price, oil price, exchange rate, consumer price index, and BI rate on the Jakarta Islamic Index.
Research method — This study employs VAR-VECM to analyze all secondary data collected. The period is from January 2009 until December 2011.
Result — The result shows that in long term all variables have a significant impact on Jakarta Islamic Index. The gold price has a negative impact on Jakarta Islamic Index at 4,1% and is stable after 12 months, the oil price has a positive impact of 1% and stable after 21 months, the exchange rate has a positive impact of 3,8% and stable after 17 months, the consumer price index has positive impact 0,5% and stable after 21 months, and BI rate has negative impact 6,2% and stable after 15 months. BI rate also gives the biggest impact on Jakarta Islamic Index among others.
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first_indexed | 2024-04-10T20:43:12Z |
format | Article |
id | doaj.art-f83c8b1b6b974aedae1abeff345df76f |
institution | Directory Open Access Journal |
issn | 2715-3118 2685-8258 |
language | English |
last_indexed | 2024-04-10T20:43:12Z |
publishDate | 2019-12-01 |
publisher | Universitas Islam Negeri (UIN) Mataram, Faculty of Islamic Economics and Business |
record_format | Article |
series | Journal of Enterprise and Development |
spelling | doaj.art-f83c8b1b6b974aedae1abeff345df76f2023-01-24T15:58:06ZengUniversitas Islam Negeri (UIN) Mataram, Faculty of Islamic Economics and BusinessJournal of Enterprise and Development2715-31182685-82582019-12-011210.20414/jed.v1i02.970Analisis dampak harga emas dunia, harga minyak dunia, kurs, Indeks Harga Konsumen (IHK), dan BI rate terhadap Jakarta Islamic IndexMuhammad Umar Azyka Alfuadi0Sekolah Tinggi Ekonomi Islam Tazkia, Indonesia Purpose — The paper attempts to analyze the impacts of the gold price, oil price, exchange rate, consumer price index, and BI rate on the Jakarta Islamic Index. Research method — This study employs VAR-VECM to analyze all secondary data collected. The period is from January 2009 until December 2011. Result — The result shows that in long term all variables have a significant impact on Jakarta Islamic Index. The gold price has a negative impact on Jakarta Islamic Index at 4,1% and is stable after 12 months, the oil price has a positive impact of 1% and stable after 21 months, the exchange rate has a positive impact of 3,8% and stable after 17 months, the consumer price index has positive impact 0,5% and stable after 21 months, and BI rate has negative impact 6,2% and stable after 15 months. BI rate also gives the biggest impact on Jakarta Islamic Index among others. https://journal.uinmataram.ac.id/index.php/jed/article/view/970exchange rategoldJakarta Islamic Indexoil price |
spellingShingle | Muhammad Umar Azyka Alfuadi Analisis dampak harga emas dunia, harga minyak dunia, kurs, Indeks Harga Konsumen (IHK), dan BI rate terhadap Jakarta Islamic Index Journal of Enterprise and Development exchange rate gold Jakarta Islamic Index oil price |
title | Analisis dampak harga emas dunia, harga minyak dunia, kurs, Indeks Harga Konsumen (IHK), dan BI rate terhadap Jakarta Islamic Index |
title_full | Analisis dampak harga emas dunia, harga minyak dunia, kurs, Indeks Harga Konsumen (IHK), dan BI rate terhadap Jakarta Islamic Index |
title_fullStr | Analisis dampak harga emas dunia, harga minyak dunia, kurs, Indeks Harga Konsumen (IHK), dan BI rate terhadap Jakarta Islamic Index |
title_full_unstemmed | Analisis dampak harga emas dunia, harga minyak dunia, kurs, Indeks Harga Konsumen (IHK), dan BI rate terhadap Jakarta Islamic Index |
title_short | Analisis dampak harga emas dunia, harga minyak dunia, kurs, Indeks Harga Konsumen (IHK), dan BI rate terhadap Jakarta Islamic Index |
title_sort | analisis dampak harga emas dunia harga minyak dunia kurs indeks harga konsumen ihk dan bi rate terhadap jakarta islamic index |
topic | exchange rate gold Jakarta Islamic Index oil price |
url | https://journal.uinmataram.ac.id/index.php/jed/article/view/970 |
work_keys_str_mv | AT muhammadumarazykaalfuadi analisisdampakhargaemasduniahargaminyakduniakursindekshargakonsumenihkdanbirateterhadapjakartaislamicindex |