The Impact of Interest Rate Spillover on Output Gap: A Dynamic Spatial Durbin Model

Wuri, Josephine; Hardanti, Yuliana Rini; Harnoto, Laurentius Bambang; Rahayu, Caecilia Wahyu Estining; Rahmawati, Christina Heti Tri

doi:10.3390/economies12010022

Cited by 4 publications

(2 citation statements)

References 67 publications

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“…ERs are crucial to finance, international trade, and investment. ER is the value of a country's currency relative to that of another country (Fahlevi, 2019;Megaravalli & Sampagnaro, 2018;Singhal et al, 2019;Wuri et al, 2024). ERs affect the prices of goods and services when traded across borders and determine the relative value of various currencies.…”

Section: The Role Of Exchange Rate On Lq45 Stock Performancementioning

confidence: 99%

“…Researchers are pursuing discussions on the impact of ERs on LQ45. Previous studies find that favorable economic conditions result in foreign currency appreciation (Bahmani-oskooee & Saha, 2016;Dahir et al, 2018;Megaravalli & Sampagnaro, 2018;Sheikh et al, 2020;Tian & Ma, 2009;Wuri et al, 2024). Exchange rate stability and stock price movements can also influence domestic and international market sentiment.…”

Section: Introductionmentioning

confidence: 98%

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Role of Indonesia’s G20 Presidency and Exchange Rate on LQ45 stock price: Dynamic Panel Model Approach

Rahayu,

Rahmawati,

Wuri

et al. 2024

Migrat. Lett.

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This study investigates the role of Indonesia’s G20 presidency and exchange rates on the stock prices of LQ45. Daily data were collected from companies listed on Indonesia’s stock exchanges between November 15 and December 24, 2022. Furthermore, we employed a dynamic panel model approach, specifically the system generalized method of moments regression. This analytical technique controls for unobserved heterogeneity, simultaneity, and dynamic endogeneity. The results illustrate that Indonesia’s G20 presidency positively impacts the stock prices in LQ45. In addition, Exchange rate negatively influences on the LQ45 stock prices, and the stock prices of LQ45 in the previous year often correspond to that in the current year. This study’s results provide recommendations for potential investors who wish to invest in the subsectors of LQ45 member companies. The policies implemented during Indonesia's G20 presidency can increase stock prices and create positive market sentiment to encourage migration flows. Additional studies are required to determine the impact of implementing the G20 priority agenda, which includes enhancing the global health framework, fostering employment prospects, transitioning to green and renewable energy, and advancing the digital economy to increase stock prices.

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Section: The Role Of Exchange Rate On Lq45 Stock Performancementioning

confidence: 99%

Section: Introductionmentioning

confidence: 98%

Role of Indonesia’s G20 Presidency and Exchange Rate on LQ45 stock price: Dynamic Panel Model Approach

Rahayu,

Rahmawati,

Wuri

et al. 2024

Migrat. Lett.

View full text Add to dashboard Cite

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The Role of Comparative Advantage in Enhancing Trade in Value-Added Using a Dynamic GMM Model

Wuri

2024

Economies

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Currently, international trade has evolved into international production fragmentation captured in GVCs. Countries must enhance intermediate exports in comparative advantage sectors to increase their trade in value-added (TVA) in global production chains. However, traditional measurements of revealed comparative advantage (RCA) based on gross exports need to be updated due to overvaluation, double counting, and implicit distortions in international trade. This study uses a new comparative advantage measure, “new revealed symmetric comparative advantage” (NRSCA). Using a dynamic General Method of Moment (GMM) approach, we investigate the role of comparative advantage in driving TVA regarding backward and forward linkages and examine the impact of the COVID-19 pandemic. We use data from the current Asian Development Bank multi-regional input–output database for 2010–2020. Our findings reveal that comparative advantage significantly impacted international TVA, along with the support of quality institutional services in each country. Implementing a new comparative advantage measure, NRSCA, provided accurate estimation results to overcome the overvaluation problem. Moreover, the COVID-19 pandemic disrupted value-added trade.

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Assessing the Emission Reduction Policies on Global Value Chains: The Renewable Energy Policy Framework

Wuri,

Rahayu,

Hardanti

et al. 2024

Energies

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To mitigate climate change problems, a low-carbon renewable energy policy is needed. Evaluating the impact of these problems on global value chains is essential to ensure an effective transition to sustainable economic development. This study analyzes the impact of emission reduction policies on Global Value Chains (GVC) using the Global Trade Analysis Project-Energy (GTAP-E) model by addressing three fundamental research questions. First, how does the implementation of B40 renewable energy policy combined with carbon tax affect Indonesia’s energy sector output and carbon emissions? Second, to what extent does this policy influence Indonesia’s participation in GVC, particularly in the crude palm oil (CPO) industry? Third, what are the implications for economic growth and social welfare? Our analysis focuses on the CPO sector, considering Indonesia’s position as the world’s largest producer and its potential for sustainable biofuel production through clean technological processes. The results of this study show that the policy effectively reduces carbon emissions through decreased fossil fuel production while promoting renewable energy adoption. It significantly increases Indonesia’s forward GVC participation in the CPO sector, enhancing value addition and international competitiveness. Furthermore, the policy generates positive impacts on economic growth and social welfare. This study emphasizes the importance of international policy coordination and the crucial role of technological innovation in achieving sustainable economic development for a low-carbon economy and strengthening Indonesia’s position in the global value chain.

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The Impact of Interest Rate Spillover on Output Gap: A Dynamic Spatial Durbin Model

Cited by 4 publications

References 67 publications

Role of Indonesia’s G20 Presidency and Exchange Rate on LQ45 stock price: Dynamic Panel Model Approach

Role of Indonesia’s G20 Presidency and Exchange Rate on LQ45 stock price: Dynamic Panel Model Approach

The Role of Comparative Advantage in Enhancing Trade in Value-Added Using a Dynamic GMM Model

Assessing the Emission Reduction Policies on Global Value Chains: The Renewable Energy Policy Framework

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