Analisis Dampak Indikator Makroekonomi terhadap Investasi Portofolio di ASEAN 4

Wardhono, Adhitya; Qori’ah, Ciplis Gema; Nasir, M. Abd.; Aprilia, Ariz

doi:10.52813/jei.v9i1.43

Cited by 4 publications

(5 citation statements)

References 15 publications

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“…shows that when inflation rises, the demand for PI will increase. This result contradicts with the research by Wardhono et al (2020), which shows that inflation and portfolio investment have a negative relationship. However, these results are supported by the research of Reflina (2022) and Istiqomah (2013), which indicate a positive relationship between inflation and portfolio investment.…”

Section: Pi Exchange Rate and Inflationcontrasting

confidence: 92%

Capital Flow Management Within Macroeconomics Stability Framework in Indonesia (2008 – 2022)

Nareswari,

Astuti,

Bhinadi

2024

IJAFAP

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Indonesia is an EMDEs (Emerging Market and Developing Economies) country, and adopting an open economy causes foreign capital flow, especially FDI (Foreign Direct Investment) and PI (Portfolio Investment) can be free flows, and its movements are unpredictable. The movement of capital flows will affect the money supply transmitted to monetary and macroeconomic variables. This study aims to determine the response and contribution of macroeconomic variables to FDI and PI, as well as examining the causality between macroeconomic variables, FDI and PI. This research used the Vector Error Correction Model Granger Causality. The results show that exchange rate and inflation shocks significantly impact FDI and PI. While the results of Granger causality, changes in macroeconomic variables cause changes in FDI and PI. This research recommends that stakeholders continue implementing policy mix and monetary policy to improve exchange rates and inflation stability. In addition, the management of capital flows is still considered because the potential risks posed to the economy are quite large

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Section: Pi Exchange Rate and Inflationcontrasting

confidence: 92%

Capital Flow Management Within Macroeconomics Stability Framework in Indonesia (2008 – 2022)

Nareswari,

Astuti,

Bhinadi

2024

IJAFAP

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“…Determining the optimal lag length is crucial in Vector Error Correction Model (VECM) analysis. Selecting the appropriate lag length is essential to mitigate issues related to autocorrelation and heteroskedasticity Wardhono et al (2020). Table 4 presents the results of the optimal lag length tests based on five criterions in this study.…”

Section: Resultsmentioning

confidence: 99%

“…The optimal lag length is determined by the smallest value of each criterion, denoted by an asterisk in each criterion. The lag length significantly impacts VAR estimation and can help prevent issues related to autocorrelation and heteroskedasticity (Wardhono et al, 2020).…”

Section: Research Model Specificationsmentioning

confidence: 99%

Nexus Between Economic Growth, Renewable Energy, Industry Value Added and CO2 Emissions in ASEAN

Susilowati,

Mu'min,

Qudsyina

et al. 2023

JEP

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This study aims to identify the relationship between economic growth, renewable energy, and industrial value added to CO2 emissions in ASEAN. The data used is panel data of 10 ASEAN countries from 2001-2020. This study uses the vector error correction model (VECM) for analysis. The estimation results show that CO2 emissions are only influenced by the CO2 variable itself in the previous period in the short term. In addition, economic growth and renewable energy significantly negatively affect CO2 emissions in the long term. Economic growth has the largest contribution to reducing CO2 emissions. The empirical findings also support the existence of the environmental Kuznets curve (EKC) in ASEAN. However, industrial value added has no significant effect on CO2 emissions. This study has several policy implications. The government needs to 1) strengthen energy transition regulations to encourage the use of renewable energy, 2) increase investment in RD to stimulate green technology innovation, and 3) protect the environment to mitigate negative externalities of economic activity.

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“…Perkembangan sektor keuangan menjadi penopang aliran modal bagi semua negara terutama negara berkembang memberikan manfaat dalam proses pencapaian pembangunan serta pertumbuhan ekonomi dalam rangka pembiayaan investasi, memperlancar konsumsi, diversifikasi risiko, dan perluasan peluang ekonomi (Wardhono et al, 2020). Perkembangan sektor keuangan yang meningkat akan meningkatkan pertumbuhan ekonomi dan akan memicu meningkatnya emisi karbondioksida.…”

Section: Gambar 1 Perkembangan Sektor Keuangan DI Asean-5unclassified

Studi Sektor Keuangan terhadap Kualitas Lingkungan di ASEAN-5

Waluyo,

Hakim,

Rahayu

2023

J. Ilmu Lingk.

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This research to critically review the influence of the dimensions of financial sector development on carbon dioxide emissions in ASEAN-5 developing countries, namely Indonesia, Malaysia, Thailand, the Philippines. The development cycle of the financial sector can increase and decrease environmental quality. We use the Panel Least Square (PLS) model to analyze the dynamics of the financial sector on environmental quality in annual data for 1983 - 2020 in five ASEAN-5 countries. The results of this study found that economic growth, foreign direct investment, and financial development have a positive effect on carbon dioxide emissions. However, interest rates have a negative effect on carbon dioxide emissions. Moreover, this study found that the development of the financial sector has a negative effect on environmental quality. This means that every increase in economic growth, FDI, and financial development has an effect on a decrease in environmental quality. Therefore, this finding is important for policy makers in ASEAN-5 countries to reduce dependence on investment that is not environmentally friendly as a factor of production and increase green financing in every activity in the financial sector.

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Analisis Dampak Indikator Makroekonomi terhadap Investasi Portofolio di ASEAN 4

Cited by 4 publications

References 15 publications

Capital Flow Management Within Macroeconomics Stability Framework in Indonesia (2008 – 2022)

Capital Flow Management Within Macroeconomics Stability Framework in Indonesia (2008 – 2022)

Nexus Between Economic Growth, Renewable Energy, Industry Value Added and CO2 Emissions in ASEAN

Studi Sektor Keuangan terhadap Kualitas Lingkungan di ASEAN-5

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