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Quantitative Economics Research
Published by Universitas Negeri Malang
ISSN : 26215918     EISSN : 26215918     DOI : 10.17977
Core Subject : Economy,
Economics, Econometrics & Finance
Quantitative Economics Research is an International Journal publishes original and high quality applied research orientation in the field of economics that employ theoretical, empirical, and experimental methods. This journal also encourages review articles in particular innovative and fundamental papers that focus on various facets of economics of the emerging market and developing economies. Quantitative Economics Research is double-blind peer reviewed journal and bi-annually published by Department of Development Economics, Faculty of Economics, Universitas Negeri Malang. Readable, accessible contributions cut through the complex field of economics to make a genuinely valuable contribution to the current understanding of the subject and the development of new ideas. All published articles are made freely available online without subscription charges.
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekomomi dan Ekonometrika
Articles 6 Documents
 1 
Search results for , issue "Vol 1, No 2 (2018)" : 6 Documents clear
The Influence of Debit Card, Credit Card, and E-Money Transactions Toward Currency Demand in Indonesia Saraswati, Nurma; Mukhlis, Imam
Quantitative Economics Research Vol 1, No 2 (2018)
Publisher : Universitas Negeri Malang

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Abstract

This study aims to determine the effect of debit card transactions, credit card transactions and e-money transactions to currency demand in Indonesia. This research using model estimation Vector Error Correction models (VECM). The data was collected using secondary data obtained from the website of Bank Indonesia and Bureau Central of Statistic in Indonesia. The data were obtained from January 2009 to August 2017 consisting of debit card transaction, credit card transaction, e-money transaction, and cash amount data in circulation data. The findings showed that debit card transactions have a significant negative effect on the demand for currency in Indonesia in the long term, credit card transactions have a significant positive effect on the demand for currency in Indonesia in the long term, while e-money transactions have a significant positive effect on currency demand in Indonesia in the short and long term.Keywords: E-money; Currency demand; Debit card; Credit cardJEL Codes: E41; E51
Markov Switching Vector Autoregressive Modelling of the Nigerian Stock Price and Oil Price Series Okereke, Emmanuel W; Uwaeme, Onyebuchi Remy
Quantitative Economics Research Vol 1, No 2 (2018)
Publisher : Universitas Negeri Malang

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Abstract

 This article studied the relationship between stock prices and crude oil prices of Nigeria using a Markov switching model. Certain properties of the stock price series and crude oil price series such as breaks and stationarity, which are necessary before choosing a multivariate time series model for this relationship were investigated. Unit root and cointegration structural break tests were used where evidence of breaks exists. In particular, each of the series was found to be a nonlinear and nonstationary series with evidence of a structural break. The results of the unit root and cointegration tests in the presence of structural breaks indicated evidence of I (1) and no cointegration between the series. Consequently, a Markov switching VAR (MSM(2)-VAR(1)) model with two regimes was fitted to the data having established the suitability of the series to regime switching models. The results showed that high volatility regime occurs when the economy was under recession. Furthermore, there exists a positive relationship between stock prices and crude oil prices during the high volatility regime and a negative relationship during the low volatility regime.Keywords: MS-VAR, VAR, Crude oil prices, Stock prices, Markov Switching, Structural break <w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 1"
Human Development Index, Capital Expenditure, Fiscal Desentralization to Economic Growth and Income Inequality in East Java Indonesia Novid, Ade; Sumarsono, Hadi
Quantitative Economics Research Vol 1, No 2 (2018)
Publisher : Universitas Negeri Malang

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Abstract

This study aims to determine the effect of the Human Development Index, Capital Expenditure, Fiscal Decentralization Against Economic Growth and Income Inequality in East Java in Indonesia. This study applied a quantitative approach using a combination between time series and data between place and space (cross-section), to determine whether there is a relationship between two variables or better direct or indirect influence. The findings indicated that the index of human development (HDI) and capital expenditure have a positive and significant impact on economic growth. The higher Human Development Index and capital expenditure affect the greater economic growth rate. However, the degree of fiscal decentralization does not influence economic growth, while economic growth has a positive effect and significant effect on income inequality. Inter-regional economic growth showed varies, in increasing per capita income in some areas of high economic growth, while some other regions have low economic growth, resulting in increased income inequality. Keywords: Human Development Index, Capital Expenditure, Fiscal Decentralization, Economic GrowthJEL Codes: E62; O15; R11
Application of Auto-Regressive Distributed Lag Model (ARDL) Bound Test on Selected Macroeconomic Variables Chinenye, Amalahu Christian; Acha, Chigozie Kelechi
Quantitative Economics Research Vol 1, No 2 (2018)
Publisher : Universitas Negeri Malang

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Abstract

This study examined the application of Auto-regressive distributed lag model (ARDL) bound test on some selected macroeconomic variables spanning from 1981-2017 obtained from the statistical Bulletin of Central Bank of Nigeria (CBN). The data were analyzed using the E-views 9.0 software. F-statistic of 5.9167 was found to be higher than the critical value of 3.79 in the Lower Bound I(0) and 4.85 in the Upper bound I(1)  at the 5 % level, thus null hypothesis was rejected. ARDL (1, 2, 0) was found to be the best fit model for showing a long-run and short-run relationship between Gross Domestic Product (GDP), Exchange rate, and Interest rate. There is a long-run relationship among GDP, Exchange rate, and Interest rate which means that the variables under study are co-integrated. Also, a unidirectional relationship running from exchange rate to GDP exist. The study recommends the use of supportive fiscal and monetary policies that will tighten the local currency market and provide a set of incentives aimed at removing anti-export bias barriers so as to promote exports and boost GDP, particularly non-oil exports and discourage import of consumer goods to stabilize the exchange rate. Keywords: ARDL Bound test; Gross Domestic Product; Exchange rate; Macroeconomic Variables; Interest rate.JEL Codes: E06; O2; O4
Models Spesification of Economic Growth: Evidence From Province in Sulawesi Armawaddin, Muhamad; Afiat, Muhammad Nur
Quantitative Economics Research Vol 1, No 2 (2018)
Publisher : Universitas Negeri Malang

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Abstract

This study aims to determine the model of economic growth in the Province in Sulawesi. Variable predictors are determined by referring to the Keynesian income concept namely consumption, government expenditure, investment, and net exports. Data uses panel data from six provinces and 2012-2017 years and be analyzed using the Stepwise Forwards Regression. The findings showed that the economic growth of the Province in Sulawesi is affected by several variables namely consumption, government expenditure, investment, and net export. Further, the findings prove the factors of government expenditure and investment significantly affect the economic growth of the province in Sulawesi. Recommendations on economic development policies to improve economic growth control factors for government expenditure and investment should get the attention of the province in Sulawesi.Keywords: Economic Growth Factors; Stepwise Regression Method; government expenditureJEL Codes: C10; E06
Credit Depth on Indonesian Regional Economic Development Sipahutar, Mangasa Augustinus
Quantitative Economics Research Vol 1, No 2 (2018)
Publisher : Universitas Negeri Malang

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Abstract

From regional perspective, the role of banks credit is important to encourage the economic real sectors. Local government spending aimed to enhancing regional economic growth, if supported by adequate banks credit will encourage regional economic growth. Using VAR model revealed that provinces showed different responses to the causality between credit depth and regional economic growth. Panel data analysis revealed, there is a positive relationship between regional credit depth and real regional economic growth percapita, and 68 percent of real regional economic growth percapita can be explained by credit depth. Increasing credit depth by 1 basis point will increase regional economic growth by 0.03 basis points. Furthermore, increasing credit depth by 1 basis point in t-1, will reduce regional poverty by 0.16 basis points in period t. The model showed that 23 percent of the variance of poverty can be explained by credit depth in the previous year. Keywords: credit depth, economic growth, regional economic developmentJEL Classification: E61; G28; O23

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