Macroeconomic Fundamental and Stock Price Index in Southeast Asia Countries A Comparative Study

Volume: 7 Number: 2 June 1, 2017
  • Sugeng Wahyudi
  • H. Hersugondo
  • Rio Dhani Laksana
  • R. Rudy
International Journal of Economics and Financial Issues Cover
International Journal of Economics and Financial Issues
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Macroeconomic Fundamental and Stock Price Index in Southeast Asia Countries A Comparative Study

Abstract

This study analyzed the effect of macroeconomic variables on the composite index in the Southeast Asia Countries. The variable in this study is Inflation, Interest Rate, Exchange Rate, Gross Domestic Products, Crude Oil Price, Primary Commodity Price and Wages in Indonesia, Malaysia, Singapore, Philippine, and Thailand. The study used time series data from the 2001-2015 at each country. By using an analysis technique Threshold Autoregressive Conditional Heteroscedasticity (TARCH), the results from showed that the Inflation Interest Rate, GDP have a negative effect on the composite index in all countries except Thailand; COP has the positive effect in Indonesia, Malaysia, and Singapore, while in the Philippine and Thailand has a positive effect. PCP has a positive effect on the composite index only in Singapore, meanwhile in the Philippine and Thailand has a negative effect on the composite index.Wages have a positive and significant effect on the composite index in all countries.

Keywords

Details

Primary Language

English

Subjects

-

Journal Section

-

Authors

Sugeng Wahyudi This is me

H. Hersugondo This is me

Rio Dhani Laksana This is me

R. Rudy This is me

Publication Date

June 1, 2017

Submission Date

June 1, 2017

Acceptance Date

-

Published in Issue

Year 2017 Volume: 7 Number: 2

IZ

https://izlik.org/JA83AG54FX

Cite

RIS / Bibtex
APA
Wahyudi, S., Hersugondo, H., Laksana, R. D., & Rudy, R. (2017). Macroeconomic Fundamental and Stock Price Index in Southeast Asia Countries A Comparative Study. International Journal of Economics and Financial Issues, 7(2), 182-187. https://izlik.org/JA83AG54FX
AMA
1.Wahyudi S, Hersugondo H, Laksana RD, Rudy R. Macroeconomic Fundamental and Stock Price Index in Southeast Asia Countries A Comparative Study. IJEFI. 2017;7(2):182-187. https://izlik.org/JA83AG54FX
Chicago
Wahyudi, Sugeng, H. Hersugondo, Rio Dhani Laksana, and R. Rudy. 2017. “Macroeconomic Fundamental and Stock Price Index in Southeast Asia Countries A Comparative Study”. International Journal of Economics and Financial Issues 7 (2): 182-87. https://izlik.org/JA83AG54FX.
EndNote
Wahyudi S, Hersugondo H, Laksana RD, Rudy R (June 1, 2017) Macroeconomic Fundamental and Stock Price Index in Southeast Asia Countries A Comparative Study. International Journal of Economics and Financial Issues 7 2 182–187.
IEEE
[1]S. Wahyudi, H. Hersugondo, R. D. Laksana, and R. Rudy, “Macroeconomic Fundamental and Stock Price Index in Southeast Asia Countries A Comparative Study”, IJEFI, vol. 7, no. 2, pp. 182–187, June 2017, [Online]. Available: https://izlik.org/JA83AG54FX
ISNAD
Wahyudi, Sugeng - Hersugondo, H. - Laksana, Rio Dhani - Rudy, R. “Macroeconomic Fundamental and Stock Price Index in Southeast Asia Countries A Comparative Study”. International Journal of Economics and Financial Issues 7/2 (June 1, 2017): 182-187. https://izlik.org/JA83AG54FX.
JAMA
1.Wahyudi S, Hersugondo H, Laksana RD, Rudy R. Macroeconomic Fundamental and Stock Price Index in Southeast Asia Countries A Comparative Study. IJEFI. 2017;7:182–187.
MLA
Wahyudi, Sugeng, et al. “Macroeconomic Fundamental and Stock Price Index in Southeast Asia Countries A Comparative Study”. International Journal of Economics and Financial Issues, vol. 7, no. 2, June 2017, pp. 182-7, https://izlik.org/JA83AG54FX.
Vancouver
1.Sugeng Wahyudi, H. Hersugondo, Rio Dhani Laksana, R. Rudy. Macroeconomic Fundamental and Stock Price Index in Southeast Asia Countries A Comparative Study. IJEFI [Internet]. 2017 Jun. 1;7(2):182-7. Available from: https://izlik.org/JA83AG54FX