Pengaruh Variabel Makroekonomi terhadap Jakarta Islamic Index (JII) periode Januari 2004 Hingga Desember 2017

Abstract

This study aims to determine the effect of Macroeconomic Variables against the sharia stock index, Jakarta Islamic Index. The approach used is quantitative by using the Vector Error Correction Model (VECM) analysis technique with the STATA program. While the Exchange Rates, Industrial Production Index and Money Supply as dependent variables and Jakarta Islamic Index (JII) as the independent variable. Secondary data are used in this research from the official website of Bank Indonesia, Badan Pusat Statistik and Bursa Efek Indonesia. The results of the research shows that the Exchange Rates, Industrial Production Index and Money Supply partially has positive and significant influent against sharia stock index in Jakarta Islamic Index (JII) di Jakarta Islamic Index on the research period is from 2004 to 2017.Keywords: Exchange Rates, Industrial Production Index, Money Supply and Jakarta Islamic Index (JII)