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Nabila, Alfira
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Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Electrical & Electronics Engineering Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media Social Sciences

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Implementation of Okun Law Before Autonomy and After Regional Autonomy 1979-2022 Nabila, Alfira
Journal of International Conference Proceedings Vol 6, No 6 (2023): 2023 WIMAYA Yogyakarta Proceeding
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v6i6.2708

Abstract

Regional Autonomy is carried out by many countries, including Indonesia. Autonomy is intended to provide better public services. The freedom to take initiative on the basis of granting regional autonomy opens up opportunities for regions to develop their potential to increase economic growth. High economic growth should be able to reduce unemployment. High unemployment rates have an impact on slowing the rate of economic growth. This research uses a paired t-test to see the differences between before and after regional autonomy and the analytical method used is the Vector Error Correction Model (VECM) to analyze the relationship between variables in the long and short term. The results of data analysis show that there is a one-way causal relationship between economic growth and unemployment which is significant and in the short term, the relationship between the unemployment rate variable and economic growth is only found in lag 3. In the long term the unemployment rate variable has a negative relationship with the unemployment rate. It can be concluded that Okun's law only exists in the long term.
Implementation of Okun Law Before Autonomy and After Regional Autonomy 1979-2022 Nabila, Alfira
Journal of International Conference Proceedings Vol 6, No 6 (2023): 2023 WIMAYA Yogyakarta Proceeding
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v6i6.2708

Abstract

Regional Autonomy is carried out by many countries, including Indonesia. Autonomy is intended to provide better public services. The freedom to take initiative on the basis of granting regional autonomy opens up opportunities for regions to develop their potential to increase economic growth. High economic growth should be able to reduce unemployment. High unemployment rates have an impact on slowing the rate of economic growth. This research uses a paired t-test to see the differences between before and after regional autonomy and the analytical method used is the Vector Error Correction Model (VECM) to analyze the relationship between variables in the long and short term. The results of data analysis show that there is a one-way causal relationship between economic growth and unemployment which is significant and in the short term, the relationship between the unemployment rate variable and economic growth is only found in lag 3. In the long term the unemployment rate variable has a negative relationship with the unemployment rate. It can be concluded that Okun's law only exists in the long term.
Determinants of Residential Property Price in Selected Asian Countries: A Sys-GMM Approach Abasimi, Ignatius; Nabila, Alfira; Ramdhan, Muhammad Arsy; Anam, Muhammad Syariful
JAMPE (Journal of Asset Management and Public Economy) Vol. 4 No. 1 (2025)
Publisher : Universitas Ahmad Dahlan, Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/jampe.v4i1.11927

Abstract

This study analyzes the determinants of residential property prices in 13 selected Asian countries. Key variables include the residential property price index, GDP per capita reflecting economic conditions, real interest rates impacting borrowing costs, inflation affecting purchasing power), population growth influencing housing demand, energy consumption reflecting demand pressures, and the Gini Index measuring income inequality. The research employs the System Generalized Method of Moments (Sys-GMM) for dynamic analysis of these endogenous variables. The results indicate that property prices are significantly influenced by prior price levels. Furthermore, GDP per capita, inflation, and population growth positively affect property prices, underscoring the roles of economic growth and demographic factors in shaping the property market. Higher GDP growth enhances household purchasing power, while population growth increases housing demand. Conversely, energy consumption negatively impacts property prices, reflecting cost pressures from rising energy demand. Interestingly, the real interest rate and Gini index do not significantly influence residential property prices, suggesting these factors may not directly affect price dynamics in the studied countries. These findings emphasize the need for policies that support economic stability and sustainable growth to enhance property market competitiveness. Policymakers should prioritize energy efficiency and inclusive economic development to ensure long-term resilience in the property sector. Sustainable economic policies are essential to strengthen the region's property market and effectively manage growing energy demands.
Co-Authors Abasimi, Ignatius Anam, Muhammad Syariful Ramdhan, Muhammad Arsy