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All Journal Bukhori: Kajian Ekonomi dan Keuangan Islam
Nurunnasikin, Nurunnasikin
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Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

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Analisis Pengaruh Variabel Makroekonomi terhadap Biaya Perjalanan Ibadah Haji Nurunnasikin, Nurunnasikin; Indra, Indra; Afifah, Kuni
Bukhori: Kajian Ekonomi dan Keuangan Islam Vol. 4 No. 1 (2024): Juli
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/bukhori.v4i1.3056

Abstract

Purpose: This study analyzes the impact of macroeconomic factors such as exchange rates, global oil prices, and inflation on Hajj pilgrimage costs. Methodology: This is a qualitative study. Time-series data from 1980 to 2022 were used in this study. The data were analyzed using the VECM method. Results: The results show that, in the long run, exchange rates, crude oil prices, and inflation have a significant impact on the cost of Hajj. Limitations: Difficulty in obtaining annual data. This is a common limitation of research that relies on secondary data sources. Annual data may not be readily available or may be difficult to access. Contribution: One of the main contributions of this study is that it identifies factors that can affect the long-term cost of the Hajj pilgrimage. This information can be used by stakeholders to maintain the stability of the Hajj pilgrimage costs by considering these factors.
Co-Authors Afifah, Kuni Indra Indra