The Impact of Macroeconomic Factors on Indonesia JCI Index
| Autor: | Hsiu-Ching Shih, 施琇菁 |
|---|---|
| Rok vydání: | 2011 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 99 This study is based upon collecting monthly and quarterly data from January 2000 to December 2010. The purpose of this research is to apply the Granger Causality Test and Simple Regression Analysis, we find following critical results: 1. The JCI Index has feedback relationship with GDP, Leading indicator, Interest rate, Money supply, Foreign reserve, Industrial Production Index, Net Foreign Asset, Export, TAPIS crude, Brent Crude, and West Texas Intermediate. But Exchange rate and Business Tendency Index was an independence variable between JCI Index. 2. Positive relationship between Net Foreign Asset and JCI Index; GDP and JCI Index, and both of them were lagging behind 99% significant impact. 3. Positive relationship between Money supply and JCI Index; Exchange rate and JCI Index; Leading indicator and JCI Index; Export and JCI Index; Tapis crude and JCI Index; WTI and JCI Index, reach 99% significant impact. 4. Positive relationship between Foreign reserve and JCI Index, and change to negative relationship when data lagging for 4 month. 5. Negative relationship between Industrial Production Index and JCI Index, 95% of the significant impact. 6. Negative relationship between Interest rate and JCI Index; WTI and JCI Index, 95% of the significant impact. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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