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Amir Machmud, Amir
Universita Pendidikan Indonesia, Indonesia
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Journal : Jurnal Pendidikan Ekonomi

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Analysis of South Korea's Macroeconomic Development with the Vector Error Correction Model Ahman, Eeng; Machmud, Amir; Agus Triansyah, Fadli
Jurnal Pendidikan Ekonomi Dan Bisnis (JPEB) Vol. 11 No. 02 (2023): Jurnal Pendidikan Ekonomi & Bisnis (DOAJ & SINTA 2 Indexed)
Publisher : Faculty of Economics, Universitas Negeri Indonesia,Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21009/JPEB.011.2.4

Abstract

This study examines the relationship between Gross Domestic Product (GDP), Import (IMP), Inflation (INF), and Unemployment (UNP) in South Korea using the panel vector error correction model (VECM), cointegration, and Granger. VECM is used to analyze the relationship or causality between variables involved in this research in the short and long run. From the estimation results, especially on the variables of interest, there is a positive and statistically significant relationship between Gross Domestic Product, Import, Inflation, and Unemployment, which refers more to short-term causality. Impulse Response Function analysis is used to determine the impact between variables where the results that had a positive effect during the Covid-19 pandemic were import shocks to GDP and unemployment shocks to GDP, while those that had a negative impact were inflation rate shocks to GDP in South Korea during the Covid-19 pandemic.
Co-Authors A.A Inung Arie Adnyano, A.A Inung Arie ACHEAMPONG, KENNEDY Agia Seriana Yusadinata Agung Dwi Sutrisno AGUS Agus Triansyah, Fadli Ahiase, Godwin Aieny, Fauzia Aisyah, Mutiara Aghnyn Akhmad Zamroni Al Faruqi, Muhammad Umar Anita Wiani Annisa Putri Annisa, Rahimatul Atika, Ayu Bayurohman Pangacella Putra Budi Santoso Burahkim, Burahkim Bustaman, Bustaman Chandra, Yoshua Christina, Athalia Citraningrum, Mivtha Cunduk Wasiati Dahriza, Munziri Ilman Dewi Kartika Sari, Dewi Dita Maharani Suwardi Dolfries Jakop Neununy Dwi Nurhayati, Dwi Edi Suryadi, Edi Eeng Ahman, Eeng Elisa Anggraeni, Elisa Endang Supardi Ester Krisnawati Farid, Fajri Fitria Lestari Frisky Freny Matahari Gingga Prananda Hamimi Hamimi Hari Mulyadi, Hari Harmono, Setyo Hartika, Nely Heri Budianto Herwantono Hidayat, Yusuf Murtadlo Ikaputera Waspada Ikaputera Waspada, Ikaputera Imas Purnamasari Indriarti, Werda Iswanti Iswanti Kalijunjung Hasibuan Kurjono, Kurjono Kusuma, Andita Delya Loso Judijanto Mahmuddin Marbun Matahari, Frisky Freny Minghat, Asnul Dahar Bin Mirza Irwanda Muhamad Agustiono Muhamad Syazali Muhardi Muktar Muktar, Muktar Muliadi Mustopa, Jamal Naqiya, Sadiyana Yaqutna Navik Istikomah Noer , Mohammad Kresna Palupi, Endah Kinarya Perdhana, Radhitya Pratiwi, Elok Surya Primantara, Dionisius Aryandra Putri, Devita Amalia Rachmawati, Ro'fah Nur Rafika Rahmadani, Rafika Rahmad Junaidi, Rahmad Rahmi Ramadhani Ranji Primarianda Rasmi Rasmi, Rasmi Rizqi Prastowo Rohmah, Nida Aidatu Ronald H.P. Saady, Farma Ladia Salman Alfarisi Saputra, Ainul Sely Novita Sari Setiawan, Aep Siti Suhanah Wati Sugiharti, Harpa Sukron Fauzi Sumirahayu Sulaiman Suranto Suranto Suwatno Suwatno Wiani, Anita Yuris Sutanto Yusup, Akmal