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Journal : Al-Muzara'ah

Harga Properti Residensial & Pembiayaan Pemilikan Rumah Perbankan Syariah dan Konvensional Christine Ullyana; Heny K Daryanto; Imam T Saptono
AL-MUZARA'AH Vol. 4 No. 2 (2016): AL-MUZARA'AH (December 2016)
Publisher : Department of Islamic Economics, IPB University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (584.959 KB) | DOI: 10.29244/jam.4.2.97-109

Abstract

. This study investigates the dynamic relationship between macroeconomic variables and housing financing provided by convensional and islamic banking in Indonesia. Utilizing quarterly data from 2007 to 2016, this study employs Vector Error Correction Model (VECM), Impulse Response Function (IRF) and Forecast Error Variance Decomposition (FEVD). It  finds that macroeconomics variables and housing price  have distinct long relationship with housing financing provided by both. Our study reveal that policy intervention to stimulate or dampen housing financing provided by islamic and conventional bank can focus on GDP, house prices and monetary policy however it should be implemented to right segment. In addition, this study documents evidence that Islamic housing financing in Indonesia really dependent on interest rate. Therefore the findings suggest that Islamic Banking could apply alternative rate, possibly IHPR to manage to live up to their ideals in achieving the objectives of Shari’ah
Co-Authors . Hastuti . Kuntjoro . Novindra Agus Maulana Agus Maulana Agus Maulana Agus Wijaya Soehadi Amru, M Kadafi Amzul Rifin Andriyono Kilat Adhi Arief Daryanto Arief Daryanto Arief Daryanto Arief Safari Arifin, Bustanil Arifin, Bustanil Asmaul Khusna Asti Istiqomah Budi Suharjo Bunasor Sanim Bustanil Arifin Christine Ullyana Decy Ekaningtias Deden Kurniawan Dedi Budiman Hakim Desita Jumiar, Alfath Djoko Agus Purwanto Driska Nurizizah Fasyah E. Gumbira Said E. Gumbira Sa’id Eka Intan Kumala Putri Eriyatno . Erry Ricardo Nurzal Erry Ricardo Nurzal Firmansyah, Hilal Gendut Suprayitno Hari Wijayanto Harianto Harianto Hartoyo Hartoyo Hartoyo Hartoyo HC Royke Singgih Hepi Risenasari I Ketut Suada Imam Hartono Imam T Saptono Imam Teguh Saptono Isyana Mitrady Jauhar Samudera Nayantakaningtyas Kuntjoro . Kuntjoro Kuntjoro Kuntjoro, nFN Linda Tri Wira Astuti Lukman M. Baga Ma'mun Sarma Machfud Machfud Machfud Machfud Merry Muspita Dyah Utami Muhamad Arief Bangun Sanjaya Nelli Purnama Sari Nerisa Agnesia Widiyanto, Nerisa Agnesia Netti Tinaprilla nFN Kuntjoro nFN Saptana Palupi Permata Rahmi Purwantoro Purwantoro Putri Kusumaningtyas Ratna Winandi Rina Oktaviani Rini Setiowati Rini Setiowati Rizal Syarief Rizma Aldillah Safari, Arief Saptana . Saptana Saptana Saptana, . Saptana, nFN Setiadi Djohar Setiadi Djohar Setiadi Djohar Setiadi Djohar Sjafri Mangkuprawira Sri Bawono Sumarlin, Antonius Widyatma Suwaryo, Joko Teti Filantri Siregar Tiara Sartika Andryana Ujang Sumarwan Yandhika Hary Wibowo Yuniawati, Ines Pipit Yusman Syaukat