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ANALISIS DAMPAK HARGA EMAS DUNIA, HARGA MINYAK DUNIA, KURS, INDEKS HARGA KONSUMEN (IHK), DAN BI RATE TERHADAP JAKARTA ISLAMIC INDEX

Journal of Enterprise and Development

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Title ANALISIS DAMPAK HARGA EMAS DUNIA, HARGA MINYAK DUNIA, KURS, INDEKS HARGA KONSUMEN (IHK), DAN BI RATE TERHADAP JAKARTA ISLAMIC INDEX
 
Creator Alfuadi, Muhammad Umar Azyka
 
Description The paper attempts to analyze the impacts of gold price, oil price, exchange rate, consumer price index, and BI rate to Jakarta Islamic Index using VAR- VECM analysis. The result shows that in long term all variables have a significant impact to JII. Gold price has negative impact to JII 4,1% and stable after 12 months, oil price has positive impact 1% and stable after 21 months, exchange rate has positive impact 3,8% and stable after 17 months, consumer price index has positive impact 0,5% and stable after 21 months, and BI rate has negative impact 6,2% and stable after 15 months. BI rate also gives the biggest impact‟s contribution into JII. This result is very contradictory with Islamic economic principle “No-Riba Oriented”.
 
Publisher Faculty of Islamic Economics and Business of Universitas Islam Negeri (UIN) Mataram
 
Date 2019-12-02
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://journal.uinmataram.ac.id/index.php/jed/article/view/970
10.20414/jed.v1i02.970
 
Source Journal of Enterprise and Development (JED); Vol 1 No 2 (2019): December; 7-20
2685-8258
2715-3118
 
Language eng
 
Relation https://journal.uinmataram.ac.id/index.php/jed/article/view/970/770
 
Rights Copyright (c) 2019 Journal of Enterprise and Development
http://creativecommons.org/licenses/by-sa/4.0