Faktor-Faktor yang Mempengaruhi Saham JII (Jakarta Islamic Indeks)

Khofidlotur Rofi’ah

Abstract


This study aims to examine the effect of indicators of macroeconomic variables on the JII stock (Jakarta Islamic Index). Macroeconomic variables used are GDP, exchange rates and inflation. This study uses a Vector Error Correction Model (VECM) method, with monthly time series data from 2008-2018. The study results show that the VECM results show that in the long run GDP has a significant negative effect on JII. While the exchange rate and inflation variables in the long run have a positive and not significant effect on JII.


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