Open AccessThe Effect of Inflation, Rupiah Exchange Rate, Interest Rate, Money Supply, Industry Production Index, Dow Jones Islamic Market Index in Malaysia and Japan on ISSI
Author(s) -
Rizki Nur Gunawan,
Anton Bawono
Publication year - 2021
Publication title -
annual international conference on islamic economics and business
Language(s) - English
Resource type - Journals
ISSN - 2809-3445
DOI - 10.18326/aicieb.v1i0.12
Subject(s) - index (typography) , inflation (cosmology) , exchange rate , money supply , industrial production index , economics , production (economics) , interest rate , industrial production , monetary economics , islam , macroeconomics , geography , computer science , physics , archaeology , theoretical physics , world wide web
The purpose of this study is to determine the effect of inflation, rupiah exchange rate, interest rate, money supply, industry production index, Dow Jones Islamic Market Index Malaysia and Japan on ISSI. This research used secondary time series data which is accessed from the official website of ISSI. The sampling technique used a saturated sample with 62 observations. The research method uses descriptive statistics and multiple linear regression analysis. The results show that inflation has a negative but not significant effect on ISSI. The Rupiah exchange rate, interest rate, and DJIJP have a negative and significant effect on ISSI. The money supply, industrial production index, and DJMY25D have a positive and significant effect on ISSI.