Tuti Eka Asmarani
Universitas Gunadarma

Published : 2 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 2 Documents
Search

Domestic Credit and Stock Market Impact on Economic Growth: A New Evidence in Five ASEAN Countries Tuti Eka Asmarani; Endah Ayu Ningsih
The Winners Vol. 23 No. 2 (2022): The Winners
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/tw.v23i2.7066

Abstract

Capital accumulation and technological innovation had been the two channels through which the financial sector plays a vital role in the growth of economy. However, there are some different results between banking and stock market. The  research tested the Solow-Swan growth model augmented with financial markets to show that domestic credit markets  and equity from stock markets are two long run determinants of Gross Domestic Products (GDP) per capita in five ASEAN countries: Indonesia, Malaysia, Singapore, Thailand, and Philippines. The research used data from 2000 to 2019 tested with panel regression. The result shows that all determinant variables have a positive impact on economic growth. The domestic credit also has a higher impact on the growth of economy than the stock market. In addition, domestic credit and stock market has statistically significant positif impact to economic growth across five ASEAN countries. The researchalso finds that although population in five ASEAN countries give positive effect to economic growth, it is statistically not convincing. It is suggested that people in ASEAN have already used technology, so population augmented encourages economic growth. 
Peramalan Inflasi dengan Menggunakan Metode Arima: Studi di Indonesia Tuti Eka Asmarani
Journal on Education Vol 5 No 2 (2023): Journal on Education: Volume 5 Nomor 2 Tahun 2023
Publisher : Departement of Mathematics Education

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

The paper contains inflation forecasts using the Autoregressive Integrated Moving Average (ARIMA) method. The data used is Consumer Price Index data from January 2014 to March 2022. Using an optimistic scheme, inflation in 2023 is predicted to be 3.833%. The inflation projection is also within the national inflation projection range set by the government of 3% ± 1% or 2.0 – 4.0 percent in 2023.