ANALISIS VOLATILITAS HARGA MINYAK DUNIA TERHADAP PURCHASING POWER SEBAGAI DAMPAK RESESI EKONOMI

  • Mutia Nur Inayah Universitas Sultan Ageng Tirtayasa
DOI: https://doi.org/10.37600/ekbi.v6i1.777

Abstract

This study examines how the Volatility of World Oil Prices, Inflation, Interest Rates and Exchange Rates affect Public Purchasing Power (Purchase Power Parity) in Indonesia. The data used is data from 2012-2021. Quantitative data, or data in the form of numbers, is used in the quantitative descriptive methodology of this study. This study uses the calculation model of the ARCH method and the Error Correction Mechanism (ECM) model with Eviews 9. The results based on volatility analysis show a value of α1 + β1 < 1 0.50. This means that the volatility of oil prices is low. The r value is 0.994690 or 99.46%, meaning that there is a relationship between the independent variables World Oil Price Volatility, Inflation, Interest Rates and Exchange Rates with the dependent variable Purchase Power Parity has a strong relationship because it is close to 100%.


Keywords: Purchasing Power Parity, Volatility, Inflation, Interest Rates, Exchange Rates

Published
2023-06-30
How to Cite
INAYAH, Mutia Nur. ANALISIS VOLATILITAS HARGA MINYAK DUNIA TERHADAP PURCHASING POWER SEBAGAI DAMPAK RESESI EKONOMI. Jurnal Ekonomi dan Bisnis (EK dan BI), [S.l.], v. 6, n. 1, p. 240-246, june 2023. ISSN 2621-4695. Available at: <https://jurnal.murnisadar.ac.id/index.php/EKBI/article/view/777>. Date accessed: 05 oct. 2024. doi: https://doi.org/10.37600/ekbi.v6i1.777.
Citation Formats
Issue
Vol 6 No 1 (2023)
Section
Articles