Media Ekonomi
Vol. 26 No. 1 (2018): April

ANALISIS PEMBANGUNAN SEKTOR KEUANGAN PADA SEKTOR JASA DI INDONESIA

Dini Hariyanti (Program Studi Ekonomi Pembangunan, Fakultas Ekonomi dan Bisnis, Universitas Trisakti)



Article Info

Publish Date
15 Aug 2019

Abstract

Analyze how Financial Sector Development can affect the Service Sector in Indonesia using the Seemingly Unrelated Regression approach during the 2008-2015 period. This study uses quarterly data in the period 2008.1 - 2015.4. The year 2008 was taken as the beginning of observing the equation model because the period after the global crisis affected the global financial sector. The analysis tool used in this study uses a regression model with the SUR (Seemengly Unrelated Regression) approach. Using the existing model approach, it was concluded that the determinants of the gross national savings model in the service sector in Indonesia were influenced by the stock market index, gross domestic product, and real sector bank loans. The determinants of the banking credit model in the service sector in Indonesia are influenced by variables of the financial sector development index, stock market index, gross domestic product, service sector output, and gross national savings. While in the investment model equation, there are no variables that affect investment in the service sector. This is because there is a time lag in determining investment. Finally, the determinants of the output model in the service sector in Indonesia as well as the banking sector credit equation are influenced by the variables of the banking sector development index, stock market index, gross domestic product, service sector output, and gross national savings.

Copyrights © 2018






Journal Info

Abbrev

medek

Publisher

Subject

Chemical Engineering, Chemistry & Bioengineering Economics, Econometrics & Finance Environmental Science Social Sciences Other

Description

Media Ekonomi is published by Lembaga Penerbit Fakultas Ekonomi dan Bisnis (LPFEB) Universitas Trisakti. Since 2002, three times a year, (April, August, and December). This journal was accredited by Dikti of 2005-2008, and start from 2016, we change the publication frequency to twice a year (April ...