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

Sugeng Wahyudi; H. Hersugondo; Rio Dhani Laksana; R. Rudy

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

Year 2017, Volume: 7 Issue: 2, 182 - 187, 01.06.2017

Sugeng Wahyudi H. Hersugondo Rio Dhani Laksana R. Rudy

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

Macroeconomic, Threshold Autoregressive Conditional Heteroscedasticity, Southeast Asian Countries

Year 2017, Volume: 7 Issue: 2, 182 - 187, 01.06.2017

Sugeng Wahyudi H. Hersugondo Rio Dhani Laksana R. Rudy

Abstract

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Details

Other ID	JA97DM74DA
Journal Section	Research Article
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
Published in Issue	Year 2017 Volume: 7 Issue: 2

Cite

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.
AMA	Wahyudi S, Hersugondo H, Laksana RD, Rudy R. Macroeconomic Fundamental and Stock Price Index in Southeast Asia Countries A Comparative Study. IJEFI. June 2017;7(2):182-187.
Chicago	Wahyudi, Sugeng, H. Hersugondo, Rio Dhani Laksana, and R. Rudy. “Macroeconomic Fundamental and Stock Price Index in Southeast Asia Countries A Comparative Study”. International Journal of Economics and Financial Issues 7, no. 2 (June 2017): 182-87.
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	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, 2017.
ISNAD	Wahyudi, Sugeng et al. “Macroeconomic Fundamental and Stock Price Index in Southeast Asia Countries A Comparative Study”. International Journal of Economics and Financial Issues 7/2 (June 2017), 182-187.
JAMA	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, 2017, pp. 182-7.
Vancouver	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):182-7.