Yun, Wong Sing
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Quality Growth in Poverty Reduction Provinces in Indonesia Kartini; Yun, Wong Sing
EcceS: Economics, Social, and Development Studies Vol 11 No 2 (2024): December
Publisher : Economics Department, Faculty of Economic and Islamic Business, Universitas Islam Negeri Alauddin Makassar, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24252/ecc.v11i2.51803

Abstract

Poverty is still a major problem in Indonesia as reflected in the SDG's. This study aims to see how growth in Indonesia can reduce poverty. This study has a novelty in the research method that raises the issue of endogenous variables in the study. This study can have an impact on increasing valuable insights into the role of growth in decision-making, especially in cases of poverty. This study uses growth data as an independent variable, dependent variables consisting of poverty rates (P0), poverty depth rates (P1), poverty severity index, and other control variables that focus on data from all provinces in Indonesia from 2017-2023, utilizing quantitative analysis methods through the 2SLS (Two Stage Least Square) approach to overcome the issue of variable endogeneity. The results of the study explain that growth has a negative effect both by using the population index (P0), the Poverty Gap Index (P1), and the Poverty Severity Index (P2). so that this study is expected to be able to provide information to the government and policy makers to be able to focus on strategies that encourage regional economic growth.
Does Covid-19 Change The Stock Market Relationship With Interest-Exchange Rate? Sun, Haorui; Hui, Janice Nga Lay; bin Pinjaman, Saizal; Yun, Wong Sing; Jia, Sun Hao; Lu, Qiu Qi
ETIKONOMI Vol. 24 No. 2 (2025)
Publisher : Faculty of Economic and Business, Universitas Islam Negeri Syarif Hidayatullah Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/etk.v24i2.45853

Abstract

Research Originality: Despite numerous studies conducted on similar topics, this study uniquely examines the short- and long-run dynamics of the interest rate, exchange rate, and stock prices in China under two distinct epochs: pre- and Covid-19 periods. Research Objectives: This study compares the impact of interest and exchange rates on the Chinese stock market during the COVID-19 and pre-COVID-19 periods. Furthermore, the study also investigated the speed of adjustment towards equilibrium following short-run shocks in the stock market. Research Method: This study employs monthly data on the Chinese stock market and the autoregressive distributed lag model-error correction model (ARDL-ECM) approach on a separate period. Empirical Results: On COVID-19, the interest rate and exchange rate are not jointly and individually cointegrated significantly in explaining the stock prices. Nevertheless, the short-run relationship is identified as significant for both variables. Meanwhile, during COVID-19, the variables are jointly significant, with the exchange rate also identified to explain the stock market movement in the long run individually. In the short run, despite the greater impact of the exchange rate, the interest rates have a hysteretic impact. Implications: The findings suggested that policymakers should leverage the exchange rate instrument as a better predictive tool in devising effective future policy-making. JEL Classification: C320, G11, G15