M Saleh
Universitas Almuslim, Bireuen

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Analisis Hubungan Dinamis Instrumen Kebijakan Moneter di ASEAN M Rasyidin; M Saleh; Sri Hartati
Ekonomi, Keuangan, Investasi dan Syariah (EKUITAS) Vol 4 No 2 (2022): November 2022
Publisher : Forum Kerjasama Pendidikan Tinggi (FKPT)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/ekuitas.v4i2.2339

Abstract

The central bank as the monetary authority has the right to conduct monetary policy through setting monetary targets such as interest rates, controlling the money supply and stabilizing the inflation rate. The main objective of monetary policy is that its achievements can only be seen from a long-term perspective, meaning that everything is prepared now to achieve the main goals in the future. Monetary policy can be expansionary or contractionary. The linkage between policy instruments and the main targets through transmission channels is known as the monetary policy transmission mechanism. This study examines the dynamic relationship between monetary policy instruments in ASEAN. This research model uses VECM (Vector Error Correction Model) by testing Stationarity Test (Unit Root Test), Optimum lag selection and cointegration test. The results showed that not all ASEAN countries have a dynamic relationship between monetary policy instruments. Only Indonesia and Brunei Darussalem have dynamic relations between monetary instruments. While Laos only relates to money supply and interest rates, while the dynamic relationship between inflation and interest rates only occurs in the Philippines, other ASEAN countries such as Cambodia, Myanmar, Malaysia, Singapore, Thailand and Vietnam do not have a relationship between monetary policy instruments instruments.
Pengaruh Pengangguran dan Pertumbuhan Penduduk Terhadap Kemiskinan di Indonesia: Analisis Data Panel Tahun 2020-2024 Farahdiba Farahdiba; M Rasyidin; M Saleh
Ekonomi, Keuangan, Investasi dan Syariah (EKUITAS) Vol 7 No 3 (2026): February 2026
Publisher : Forum Kerjasama Pendidikan Tinggi (FKPT)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/ekuitas.v7i3.8273

Abstract

This study aims to analyze the effect of unemployment and population growth on poverty levels in Indonesia. The research was conducted across 34 provinces during the 2020–2024 period using secondary data obtained from the Central Bureau of Statistics. The study employed a quantitative approach with panel data regression analysis. The best model selection was carried out using the Chow, Hausman, and Lagrange Multiplier tests, which indicated that the Random Effect Model was the most appropriate. The results show that unemployment has a negative but statistically insignificant effect on poverty levels. This finding suggests that an increase in unemployment does not necessarily lead to higher poverty rates, possibly due to the role of the informal sector and social protection programs that help maintain household purchasing power. In contrast, population growth has a positive and significant effect on poverty levels. Simultaneous testing shows that both variables jointly have a significant effect on poverty, with a coefficient of determination (R²) of 3.86 percent, indicating a relatively low contribution to variations in poverty. These results imply that other factors beyond the research variables, such as income inequality, education quality, and access to basic services, have a more dominant influence. The study emphasizes the importance of integrated policies focused on controlling population growth and improving job quality to sustainably reduce poverty rates.