2021, Volume 74 - Issue 1
RSS feed citation: At RePEc
Publication date: 17 February 2021
EFFECTS OF SINO FDI ON THE GROWTH OF SUB-SAHARAN AFRICARead the article
CRUDE OIL PRICE MOVEMENTS AND STOCK TRADING ACTIVITY: EVIDENCE FROM INDONESIARead the article
THE EFFECT OF WATER CONSERVATION ON RESIDENTIAL FRESH WATER CONSUMPTION: EVIDENCE FROM KUWAITRead the article
SHORT AND LONG RUN ASYMMETRIC EFFECTS OF MONETARY AND FISCAL POLICY UNCERTAINTY ON ECONOMIC ACTIVITY IN THE U.S.Read the article
FOREIGN OWNERSHIP AND OPTIMAL DISCRIMINATORY TARIFFS UNDER OLIGOPOLISTIC COMPETITIONRead the article
Indra DARMAWAN, School of Business, IPB University, Bogor, Indonesia and Indonesia Banking School, Jakarta, Indonesia
Dedi Budiman HAKIM, School of Business, IPB University, Bogor, Indonesia and Faculty of Economics and Management, IPB University, Bogor, Indonesia
Adler Haymans MANURUNG, School of Business, IPB University, Bogor, Indonesia and Faculty of Economics and Management, IPB University, Bogor, Indonesia
Hermanto SIREGAR, School of Business, IPB University, Bogor, Indonesia and Faculty of Economics and Management, IPB University, Bogor, Indonesia
Stock trading activity reflects the dynamic of a stock market performance and become an important indicator in its development. This study observes the effects of the crude oil price movements on Indonesia stock trading activities, measured by the Jakarta composite index (JCI), stock volume transactions (VolT), stock value transactions (ValT) and stock market capitalization (MCap). A VECM approach was used to observe its effects and concludes that the crude oil price movements have significant effects on those indicators. Impulse responses functions (IRF) analysis shows that those indicators have significant responses to the crude oil price movements, and variance decomposition (FEVD) analysis shows that crude oil price movements contribute to the variability of Indonesia stock trading activities.
C58, F65, G12, Q43
Crude Oil Price Movement, Stock Trading Activity, Time Series Analysis, VECM
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