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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Main Author: Muhammad Umar Azyka Alfuadi
Format: Article
Language:English
Published: Universitas Islam Negeri (UIN) Mataram, Faculty of Islamic Economics and Business 2019-12-01
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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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