Pandemic Shock and Economic Variables Responses in ASEAN Countries Using Panel Vector Autoregressive Model
This quantitative research aims to measure the factors that affect the economy in 10 ASEAN countries in 2014-2020. The method used is panel vector autoregressive (PVAR). The results of the research were divided into several tests. First, the causality test shows that GDP has an effect on inflation a...
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| Format: | UMS Journal (OJS) |
| Sprog: | eng |
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Muhammadiyah University Press
2023
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| Online adgang: | https://journals.ums.ac.id/index.php/JEP/article/view/19850 |
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| author | Retnasih, Nora Ria Herdianti, Yulia Maris |
| author_facet | Retnasih, Nora Ria Herdianti, Yulia Maris |
| author_sort | Retnasih, Nora Ria |
| collection | OJS |
| description | This quantitative research aims to measure the factors that affect the economy in 10 ASEAN countries in 2014-2020. The method used is panel vector autoregressive (PVAR). The results of the research were divided into several tests. First, the causality test shows that GDP has an effect on inflation and money supply with a one-way causality. Second, the PVAR test shows that the money supply has a significant effect on inflation and unemployment rate at lags 1 and 2. The follow-up test, namely IRF, shows that the shocks of GDP responded by all economic variables are greater than shocks to other variables. While the results of the VD test show that GDP is the largest contributor to the variation in the value of all economic variables studied, both in the short and long term. |
| format | UMS Journal (OJS) |
| id | oai:ojs2.journals.ums.ac.id:article-19850 |
| institution | Universitas Muhammadiyah Surakarta |
| language | eng |
| publishDate | 2023 |
| publisher | Muhammadiyah University Press |
| record_format | ojs |
| spelling | oai:ojs2.journals.ums.ac.id:article-19850 Pandemic Shock and Economic Variables Responses in ASEAN Countries Using Panel Vector Autoregressive Model Retnasih, Nora Ria Herdianti, Yulia Maris GDP, Inflation, Money Supply, Unemployment Rate, PVAR E01, E24, E31, E51, C33, C53 This quantitative research aims to measure the factors that affect the economy in 10 ASEAN countries in 2014-2020. The method used is panel vector autoregressive (PVAR). The results of the research were divided into several tests. First, the causality test shows that GDP has an effect on inflation and money supply with a one-way causality. Second, the PVAR test shows that the money supply has a significant effect on inflation and unemployment rate at lags 1 and 2. The follow-up test, namely IRF, shows that the shocks of GDP responded by all economic variables are greater than shocks to other variables. While the results of the VD test show that GDP is the largest contributor to the variation in the value of all economic variables studied, both in the short and long term. Muhammadiyah University Press 2023-06-26 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf https://journals.ums.ac.id/index.php/JEP/article/view/19850 10.23917/jep.v24i1.19850 Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan; Vol 24, No 1 (2023): JEP 2023; 95-111 2460-9331 1411-6081 eng https://journals.ums.ac.id/index.php/JEP/article/view/19850/8460 https://journals.ums.ac.id/index.php/JEP/article/downloadSuppFile/19850/4977 https://journals.ums.ac.id/index.php/JEP/article/downloadSuppFile/19850/4978 Copyright (c) 2023 Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan https://creativecommons.org/licenses/by/4.0 |
| spellingShingle | GDP, Inflation, Money Supply, Unemployment Rate, PVAR E01, E24, E31, E51, C33, C53 Retnasih, Nora Ria Herdianti, Yulia Maris Pandemic Shock and Economic Variables Responses in ASEAN Countries Using Panel Vector Autoregressive Model |
| title | Pandemic Shock and Economic Variables Responses in ASEAN Countries Using Panel Vector Autoregressive Model |
| title_full | Pandemic Shock and Economic Variables Responses in ASEAN Countries Using Panel Vector Autoregressive Model |
| title_fullStr | Pandemic Shock and Economic Variables Responses in ASEAN Countries Using Panel Vector Autoregressive Model |
| title_full_unstemmed | Pandemic Shock and Economic Variables Responses in ASEAN Countries Using Panel Vector Autoregressive Model |
| title_short | Pandemic Shock and Economic Variables Responses in ASEAN Countries Using Panel Vector Autoregressive Model |
| title_sort | pandemic shock and economic variables responses in asean countries using panel vector autoregressive model |
| topic | GDP, Inflation, Money Supply, Unemployment Rate, PVAR E01, E24, E31, E51, C33, C53 |
| topic_facet | GDP, Inflation, Money Supply, Unemployment Rate, PVAR E01, E24, E31, E51, C33, C53 |
| url | https://journals.ums.ac.id/index.php/JEP/article/view/19850 |
| work_keys_str_mv | AT retnasihnoraria pandemicshockandeconomicvariablesresponsesinaseancountriesusingpanelvectorautoregressivemodel AT herdiantiyuliamaris pandemicshockandeconomicvariablesresponsesinaseancountriesusingpanelvectorautoregressivemodel |