Nurhidayat, R
Badan kebijakan Fiskal

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Pengaruh Variabel Ekonomi Makro Terhadap Return Saham Properti Pada Bursa Efek Indonesia Nurhidayat, R
Jurnal Kajian Ekonomi dan Keuangan Vol 13, No 2 (2009)
Publisher : Badan kebijakan Fiskal

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31685/kek.v13i2.73

Abstract

The purpose of this paper is to provide an analysis of the long-run equilibrium relationships between the four macroeconomic variables and property stock index return of Jakarta Stock Exchange. In addition, a dummy variable is included to capture the impact of crisis. The macroeconomic variables analyzed are interest rate, inflation rate, exchange rate, and market return of Jakarta Stock Exchange using monthly observations from January 2003 through December 2008. Ordinary leased square is used to test these relationships. Signal approach is also employed to identify crisis happened during last five years in Indonesia. Econometric result finds long- run equilibrium and significant relationship between Property stock index return and the macroeconomic variables. Finally, there are two crisis periods during last five years in Indonesia. The crises have negative effect on the stock return
Indonesia Dalam Menghadapi Liberalisasi Bidang Jasa Pada Tahun 2010 Nurhidayat, R
Jurnal Kajian Ekonomi dan Keuangan Vol 14, No 1 (2010)
Publisher : Badan kebijakan Fiskal

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31685/kek.v14i1.74

Abstract

This is a paper aiming to capture Indonesia's position with regard implementation of Vientiane Action Programme (VAP) mainly in services sector. According to the programe, there are four services sector that will be applied in 2010 which are air travel, information and comunication technology, healthcare, and tourism. A description analysis is used to describe the services sector in both ASEAN and domestic scope.The findings suggest that tourism is one of the sectors which need more atention. Compared with the others, This sector has the bigest share of GDP and national employment. Finally, services liberalization should be applied gardually to minimised negative impact of liberalization