Pendekatan Error Correction Model Sebagai Penentu Harga Saham

This research was to find the effect of profitability, rate of interest, GDP, and foreign exchange rate on stockprices. Approach used was error correction model. Profitability was indicated by variables EPS, and ROIwhile the SBI (1 month) was used for representing interest rate. This research found that all variablessimultaneously affected the stock prices significantly. Partially, EPS, PER, and Foreign Exchange rate significantlyaffected the prices both in short run and long run. Interestingly that SBI and GDP did not affect theprices at all. The variable of ROI had only long run impact on the prices

Dampak Pertumbuhan Nilai Tukar Riil Terhadap Pertumbuhan Neraca Perdagangan Indonesia (Suatu Aplikasi Model Vector Autoregressive, Var)

This study aimed to test the impact of the growth of real exchange rate towards thegrowth of Indonesian trade balance by using Vector Autoregressive (VAR) Model.By using quarterly data from 1983.1 to 2005.4 periods, the result obtained is inaccordance with other countries which response positively the depreciation ofexchange rate in long term or follow the phenomenon of J-curve. However, the rate ofgrowth is still weak in explaining the growth of trade balance because the model isonly significant estimates at á and based on the decomposition of variation of growthsurprises of real exchange rate is only 2.7% in average which explained the variationof trade balance growth

Analisis Perdagangan Indonesia Pasca Pemberlakuan ACFTA (Studi Komparatif Indonesia-China)

Every international economy linking countries through two channels: trade in goods and services (real sector) and financial sector. Trade relations means that some products from a country that exported abroad, while some goods that are consumed or invested in the country are imported from abroad. The strong role of international trade is partly reflected in the goods market will be able to help us to know how big contribution to the real sector is affected by exchange rate and net exports to increase income or national output. All economies, regardless of size, depends on other economies and are affected by events beyond its limits.The existence of an agreement between Indonesia and China as stipulated in the agreement more or less ACFTA will influence the increase or decrease in Indonesias trade balance are reflected in an increase or decrease in GNP. Indonesias ability to see its comparative advantage will be able to increase the competitiveness of Indonesian products in the international market. Keywords: international trade, net export, and gross domestic produc

Analisis Peluang Penerbitan Obligasi Daerah sebagai Alternatif Pembiayaan Daerah

Municipal bonds may be used as a source of regional funding.This study aims toanalyze the feasibility of issuing municipal bonds as an alternative source of financ-ing local infrastructure and analyze the strategies to be implemented by the govern-ment in the issuance of local bonds. Analysis tools used in this study were descriptivestatistics and SWOT analysis. The analysis showed that municipal bonds are an alter-native worth considering as a source of financing funding than other areas

Analisis Faktor - Faktor Yang Mempengaruhi Kemiskinan Di Indonesia Selama Lima Tahun Terakhir

Pembangunan suatu negara adalah hal yang paling utama dilakukan untuk mensejahterakan masyarakat. Salah satu hal yang merupakan tolak ukur pembangunan adlah dengan berkurangnya angka dan pengangguran. Tujuan dari penelitian ini adalah untuk mengetahui faktor-faktor yang mempengaruhi kemiskinan di Indonesia selama kurun waktu lima tahunan 2011-2015. Penelitian ini menggunakan pendekatan kuantitatif dengan uji regresi. Penelitian ini dilakukan pada 33 provinsi yang ada di Indonesia. Hasil penelitian menunjukkan bahwa adanya pengaruh antara IPM dengan kemiskinan, sedangkan untuk pertumbuhan ekonomi dan TPT tidak memiliki pengaruh terhadap kemiskinan

Implementasi Kebijakan Fiskal: Pembiayaan Program Pembangunan Berbasis Rukun Tetangga (Pbrt) di Kabupaten Sumbawa Barat

Fiscal policy is one form of economic policies pursued in the context of macroeco-nomic stabilization, promote growth, equity, and sustainability menjega budget. WestSumbawa regency is one of regencies in NTB province has embarked on one of fiscalpolicy implementation is in the financing of Neighborhood-Based Development pro-gram (PBRT). PBRT program is a strategy of development by putting the region atthe lowest level of development of the neighborhood (RT). This policy is the empow-erment of RT with the understanding that the RT is not the lowest governmentalstructures and nongovernmental organizations that are able to understand all the com-plaints and needs of their citizens. RT becomes a very important institution in whichis located all the pecking order and also serves as a populist economic base which isthen defined as the Regulation (Regulation No. 27 Year 2008 regarding PBRT). Thispaper reviewed the implementation of the program PBRT is related to how big thebudget from the budget for financing. Furthermore, by using Regulatory Impact Analysiswill be analyzed whether the policy PBRT program will bring net benefits to societyand increase welfare in West Sumbawa regency

Analisis Faktor-faktor Yang Mempengaruhi Pertumbuhan Ekonomi ASEAN Member Countries Pada Tahun 2011-2016

Economic Growth becomes the important factor to measure how success economic state. Therefore, many country will always try to increase their economic growth for the priority target that must be reached.this research has purpose to present which factor that can influence economic growth in ASEAN member countreias.t There is 10 countries being the sampe country, which is Indonesia, Thailand, Malaysia, Singapore, Philippines,Brunei Darussalam, Vietnam, Laos, Myanmar,and Cambodia. This research use Panel Data Regression, Generalized Least Square (GLS) method and fixed-effect estimation model by using analytical tools help in processing the data which uses Eviews 9 programm. Data is panel data of all ASEAN member countries in 6 year period (2011-2016). Varible that used are : GDP, Import, Export, Foreign Direct Inverstment, Competitiveness Index, Government Expenditure, and Labor force. The result is each independent variable can explain 99,4126% of dependen variable. Which is, IM (import) variable is the only one variable that has positive significant influence to economic growth. The finding from this research is economic growth phenomenon that occurred in ASEAN is greatly influenced by consumption rather than investment and production. So, almost the entirety of economic growth can be measured by consumption side

Role of Microfinance Institutions (MFI/LKM) Non Bank in Supporting Small and Medium Enterprises (SME/UMKM) in the Province Riau

This study was inspired from the difference between the role of non-bank MFI (MFI-NB) in support of SMEs under Law No. 01 of 2013 concerning the MFI and Law 20 of 2008 on SMEs which regulates the implementation and achievement of the performance of the microfinance sector in Riau Province. The purpose of this study are: a) determine the role of MFI-NB in support of SMEs in the province of Riau, b) know the quality of implementation and mechanism of MFI-NB terms of mechanisms (governance) in Riau Province, and c) develop strategies MFI-NB in improving the welfare of communities in Riau province. This study used qualitative research methods and review the existing legislation implemented or enhanced fit the facts on the ground conditions in Riau Province. Results of this study explains that: (a) The role of MFI-NB in Riau Province in support of SMEs are MFI-NB role as providers of capital to SMEs, the certainty that the capital is in the MFI-NB is intended for viable SMEs and the capital believed are not diverted to other uses or loans to large enterprises. And MFI-NB is believed not to be intervened by another party, another role of a given MFI-NB to SMEs is accelerating MFI-NB's capital to SMEs decent hands and responsible by using services such as energy contributors and coordinators who helped the function of the service of MFI-NB. (b) the quality of the implementation of the disbursement of funds by the MFI-NB to SMEs is less satisfactory because it is slow to respond to the desire of SMEs to additional capital. The quality of the implementation of the training held by the MFI-NB to SMEs say less than optimal. (c) MFI-NB Strategy to improve the welfare of the people in the province of Riau, with training materials that really demand so as to motivate SMEs to further develop their potential. MFI-NB continue to provide assessment and issue a certificate or award for outstanding SMEs so that SMEs can thrive in Riau Province. Another strategy to improve the welfare of the community is to help SMEs develop business, namely through the development, marketing (promotion, exhibition and clusters/groupings), partnerships, advocacy, implementation of management functions, so that SMEs have a good standard and credibility even when dealing with other financial institutions, Policies that there is or is believed to be held by the MFI-NB actors become the dominant factor in formulating strategies, policies and programs that support increasing the role of the MFI-NB in support of SMEs in the province of Ria