The Determinants of Indonesia’s Business Cycle

Abstract

This study investigates the determinants of Indonesian’s business cycle using the global vector autoregressive (GVAR) approach, by including spillover responses within 33 countries with 2000 bootstrap replications. The results show that Indonesia’s business cycle is influenced by both domestic and external factors. In addition to exogenous shocks from output, the dominant domestic factors are monetary policy and price competitiveness. The dominant external factors are global economic activity and liquidity conditions, particularly those originating from the Chinese economy. Spillovers from a number of economies appear to shape Indonesia’s economic fluctuations. The paper discusses such relevant spillovers.

Digital Transformation in Business Management: Opportunities, Challenges and Implications

“…Digital innovation in general and the digital economy in particular certainly have an impact on economic activity. (Harahap, Paundralingga, Cinditya, & Kusuma, 2018).…”

University’s Image Moderates the Influence of Location and Word of Mouth Marketing on the Decision to Chose a College

“…Several studies state that the location of a university influences a student's decision to choose a university to study at (Adhiansyah and Rizkyanfi, 2020); (Cynthia, Hermawan and Izzuddin, 2022); (Kelvinia et al, 2021); (Nuseir and El Refae, 2022); (Rachmawati et al, 2019); (Kao and Shimizu, 2020); (Sundari et al, 2021), other research also states that word of mouth marketing influences students' decisions in choosing a university (Chua et al, 2020); (Gosal et al, 2020); (Guerreiro and Pacheco, 2021); (Hikmah et al, 2022); (Ismagilova et al, 2020); (Prasad et al, 2019); (Sulthana and Vasantha, 2019); (Wiratama et al, 2022). Several studies state that location does not influence a student's decision to choose a university (Bachtiar and Purwanto, 2021); (Harahap et al, 2020), several studies also state that word of mouth marketing has no influence on students' decisions in choosing a university (Khanafi, 2021); (Slamet, Prasetyo and Azmala, 2022); (Suharyanto and Rahman, 2022). There are still inconsistencies in research results regarding the influence of location and word of mouth marketing on students' decisions in choosing a university, so to fill this gap, the university's image variable was chosen as a moderating variable which has the potential to strengthen students' decisions in choosing a university.…”