Prehatin, Dian
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THE INFLUENCE OF MACROECONOMIC VARIABLES ON THE JAKARTA ISLAMIC INDEX (JII): AN ANALYSIS FROM 2010 TO 2023 Prehatin, Dian; Haryono, Slamet
Jurnal Ekonomi dan Bisnis Islam (Journal of Islamic Economics and Business) Vol. 10 No. 2 (2024): JULY - DECEMBER 2024
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v10i2.58362

Abstract

Introduction: Sharia investment activities become one of the most promising economic activities. This is proven from the resilience of sharia capital market activities, which have remained strong despite the challenges of the Covid-19 pandemic. This research examine the influence of macroeconomic variables on the Jakarta Islamic Index (JII). Method: This research used a quantitative approach with time series data for the period of January 2010 to December 2023. Specifically, the Vector Error Correction Model (VECM) method was employed to examine both the long-term and short-term effects, as well as the shocks in macroeconomic variables on Jakarta Islamic Index (JII).  Results: This study indicate that in the long term, the exchange rate, IHSG and WGP variables have a significant positive impact on JII, while the inflation variable has a significant negative impact. Conversely, the WGP variable shows an insignificant negative impact on stock movements rates within JII. In the short term, however, the variables of inflation, exchange rate, IHSG, COP (Crude Oil Prices) and WGP do not have any impact on the movement of shares listed on JII. Conclusions and Suggestions: The findings of this research encourage investors to pay more attention to the movement of macroeconomic rate variables and information from companies related to financial reports before making a decision to invest their capital. The inflation, exchange rate, and IHSG variables can be utilized as references in decision making because better movement of the IHSG and exchange rate and stable inflation are able to provide optimal returns for investors.
The Influence of E-Money Usage, Card-Based Payment Instruments, EDC Machines, and Interest Rates on Velocity of Money in Indonesia Fuzan, Muhammad; Prehatin, Dian; Surur, Miftahus
Eksis: Jurnal Ilmiah Ekonomi dan Bisnis Vol 16, No 1 (2025): Mei
Publisher : Universitas Batanghari Jambi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33087/eksis.v16i1.496

Abstract

Tujuan dan pembahasan penelitian ini adalah untuk mengetahui pengaruh uang elektronik, APMK (alat pembayaran dengan menggunakan kartu), mesin EDC, dan suku bunga terhadap peredaran uang di Indonesia (tahun 2017 sampai dengan 2021). Penelitian ini menerapkan pendekatan kuantitatif dengan jenis penelitian deskriptif. Data yang digunakan adalah data sekunder yang berbentuk time series. Data tersebut bersumber dari Bank Indonesia dan Badan Pusat Statistik. Metode analisis yang digunakan adalah analisis regresi berganda. Berdasarkan penelitian yang dilakukan, penelitian ini menunjukkan bahwa variabel volume transaksi uang elektronik berpengaruh negatif dan signifikan terhadap variabel peredaran uang, artinya jika volume transaksi menurun maka peredaran uang meningkat. Variabel volume transaksi APMK tidak berpengaruh dan tidak signifikan terhadap variabel peredaran uang. Dan selanjutnya, variabel volume transaksi mesin EDC berpengaruh negatif dan signifikan terhadap variabel peredaran uang. Variabel volume transaksi suku bunga berpengaruh signifikan terhadap peredaran uang.