The Effect of Stock Prices and Exchange Rates on Economic Growth in Indonesia

Volume: 7 Number: 3 September 1, 2017
  • La Saidi
  • Pasrun Adam
  • - Rostin
  • Zainuddin Saenong
  • Muh. Yani Balaka
  • - Gamsir
  • - Asmuddin
  • - Salwiah
International Journal of Economics and Financial Issues Cover
International Journal of Economics and Financial Issues
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The Effect of Stock Prices and Exchange Rates on Economic Growth in Indonesia

Abstract

This research aims to investigate the effect of stock prices and exchange rates on Indonesia economic growth. The data were used the quarterly time series spanning in the period, 2004Q1-2015Q3. Econometric model were used to analyze these data is the autoregressive distributed lag (ADL) model. The result of stationary test showed that all of the time series of share prices, exchange rates, and economic growth are stationary at the first difference, or integrated of order one, I(1). The results of cointegration test showed that the third time series of stock prices, exchange rates, and economic growth are not cointegrated. The results of effect test showed that there is an effect of the stock prices and exchange rates on Indonesia’s economic growth. Furthermore, the amount of influence stock prices on economic growth is greater than the effect of exchange rates on economic growth.

Keywords

Details

Primary Language

English

Subjects

-

Journal Section

-

Authors

La Saidi This is me

Pasrun Adam This is me

- Rostin This is me

Zainuddin Saenong This is me

Muh. Yani Balaka This is me

- Gamsir This is me

- Asmuddin This is me

- Salwiah This is me

Publication Date

September 1, 2017

Submission Date

September 1, 2017

Acceptance Date

-

Published in Issue

Year 2017 Volume: 7 Number: 3

IZ

https://izlik.org/JA97CN76YR

Cite

RIS / Bibtex
APA
Saidi, L., Adam, P., Rostin, -, Saenong, Z., Balaka, M. Y., Gamsir, -, Asmuddin, -, & Salwiah, -. (2017). The Effect of Stock Prices and Exchange Rates on Economic Growth in Indonesia. International Journal of Economics and Financial Issues, 7(3), 527-533. https://izlik.org/JA97CN76YR
AMA
1.Saidi L, Adam P, Rostin, et al. The Effect of Stock Prices and Exchange Rates on Economic Growth in Indonesia. IJEFI. 2017;7(3):527-533. https://izlik.org/JA97CN76YR
Chicago
Saidi, La, Pasrun Adam, - Rostin, et al. 2017. “The Effect of Stock Prices and Exchange Rates on Economic Growth in Indonesia”. International Journal of Economics and Financial Issues 7 (3): 527-33. https://izlik.org/JA97CN76YR.
EndNote
Saidi L, Adam P, Rostin -, Saenong Z, Balaka MY, Gamsir -, Asmuddin -, Salwiah - (September 1, 2017) The Effect of Stock Prices and Exchange Rates on Economic Growth in Indonesia. International Journal of Economics and Financial Issues 7 3 527–533.
IEEE
[1]L. Saidi et al., “The Effect of Stock Prices and Exchange Rates on Economic Growth in Indonesia”, IJEFI, vol. 7, no. 3, pp. 527–533, Sept. 2017, [Online]. Available: https://izlik.org/JA97CN76YR
ISNAD
Saidi, La - Adam, Pasrun - Rostin, - - Saenong, Zainuddin - Balaka, Muh. Yani - Gamsir, - - Asmuddin, - - Salwiah, -. “The Effect of Stock Prices and Exchange Rates on Economic Growth in Indonesia”. International Journal of Economics and Financial Issues 7/3 (September 1, 2017): 527-533. https://izlik.org/JA97CN76YR.
JAMA
1.Saidi L, Adam P, Rostin -, Saenong Z, Balaka MY, Gamsir -, Asmuddin -, Salwiah -. The Effect of Stock Prices and Exchange Rates on Economic Growth in Indonesia. IJEFI. 2017;7:527–533.
MLA
Saidi, La, et al. “The Effect of Stock Prices and Exchange Rates on Economic Growth in Indonesia”. International Journal of Economics and Financial Issues, vol. 7, no. 3, Sept. 2017, pp. 527-33, https://izlik.org/JA97CN76YR.
Vancouver
1.La Saidi, Pasrun Adam, - Rostin, Zainuddin Saenong, Muh. Yani Balaka, - Gamsir, - Asmuddin, - Salwiah. The Effect of Stock Prices and Exchange Rates on Economic Growth in Indonesia. IJEFI [Internet]. 2017 Sep. 1;7(3):527-33. Available from: https://izlik.org/JA97CN76YR