This study examined the effect of demographic bonuses, unemployment, and inflation on economic growth in Jambi Province. used secondary data from Central Bureau Statistics Province during 2000-2021. The were analyzed using Vector Error Correction Method (VECM). All tests this Stationarity Test, Lag Length Criteria VAR Stability Cointegration Granger Causality VECM Estimation. results showed tha...

This study proposed an optimal model to examine the relationship between Bitcoin price and six macroeconomic variables – price, Standard Poor's 500 volatility index, US treasury 10-year yield, consumer gold dollar index. It also examined effectiveness of vector error correction (VECM) in analyzing interrelationship among these variables. The authors employed following approach: first, sampled p...

This paper investigates the lag length selection problem of a Vector Error Correction Model (VECM) by using a convergent information criterion and tools based on the Box-Pierce methodology recently proposed in the literature. The performances of these approaches for selecting of the optimal lag length are compared via Monte Carlo experiments. The effects of misspecified deterministic trend or c...

We study a large-dimensional Dynamic Factor Model where: (i) the vector of factors F t is I ( 1 ) and driven by number shocks that smaller than dimension ; and, (ii) idiosyncratic components are either or 0 . Under (i), cointegrated can be modeled as Vector Error Correction (VECM). (ii), we provide consistent estimators, both cross-sectional size n time T go to infinity, for factors, loadings, ...

We study a large-dimensional Dynamic Factor Model where: (i) the vector of factors F t is I ( 1 ) and driven by number shocks that smaller than dimension ; and, (ii) idiosyncratic components are either or 0 . Under (i), cointegrated can be modeled as Vector Error Correction (VECM). (ii), we provide consistent estimators, both cross-sectional size n time T go to infinity, for factors, loadings, ...

The purpose of this study is to investigate the effect non-cash payment transactions on economic growth in Indonesia and see responses from supporting variables, such as velocity money price transactions. This involves a Vector Error Correction Model (VECM) analysis tool, using monthly time series data during 2009: 1 – 2017: 12. results show that instrument affects growth, especially Card-Based...

Abstract: Purpose: To determine the factors that influence SR-008 Retail Sukuk trading volume and sukuk response to economic variable shocks. Method: VAR / VECM. The variables used consisted of price yield retail sukuk, mudharabah deposit profit sharing rate, commercial bank interest rates, BI Rate, inflation, Gross Domestic Product (GDP). period is from March 2016 April 2019. Result: Show rate...