PENGARUH PANDEMIC COVID-19 DAN PASAR SAHAM ASEAN TERHADAP PASAR SAHAM INDONESIA

Jul Fahmi Salim

Abstract


This study examines the effect of the number of COVID-19 cases and the price of shares in ASEAN countries on the stock market in Indonesia. The ARDL model is used in research in order to see the long-term and short-term effects. The results of the analysis show that in the long term only the Malaysian stock market has a significant effect on the Indonesian stock market, besides that in the short term it is found that the Malaysian stock market, Singapore stock market and the number of Covid cases in Malaysia have a significant effect on the Indonesian stock market.


Full Text:

PDF

References


Barro, R. J., & Ursúa, J. F. (2008). Macroeconomic crises since 1870. Brookings Papers on Economic Activity. https://doi.org/10.3386/w13940

Correia, S., Luck, S., & Verner, E. (2020). Pandemics Depress the Economy, Public Health Interventions Do Not: Evidence from the 1918 Flu. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3561560

Fernandes, N. (2020). Economic Effects of Coronavirus Outbreak (COVID-19) on the World Economy. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3557504

FitchRatings. (2020). Global Economic Outlook - Coronavirus Crisis Update April 2. https://www.fitchratings.com/research/sovereigns/global-economic-outlook-covid-19-crisis-update-april-2-2020-02-04-2020

International Monetary Fund. (2020). CHAPTER 1 THE GREAT LOCKDOWN (Full Report to Follow in May 2020) (Issue April). https://www.imf.org/en/Publications/WEO/Issues/2020/04/14/weo-april-2020

Kompas.com. (2020, April 15). Menkeu: Skenario Terburuk Pertumbuhan Ekonomi Minus 2,6 Persen di Kuartal II. 2–7. https://nasional.kompas.com/read/2020/04/15/05050061/menkeu--skenario-terburuk-pertumbuhan-ekonomi-minus-2-6-persen-di-kuartal-ii?utm_source=Whatsapp

Laing, T. (2020). The economic impact of the Coronavirus 2019 (Covid-2019): Implications for the mining industry. Extractive Industries and Society, February, 1–3. https://doi.org/10.1016/j.exis.2020.04.003

McKibbin, W. J., & Fernando, R. (2020). The Global Macroeconomic Impacts of COVID-19: Seven Scenarios. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3547729

Mendoza, E. G., & Quadrini, V. (2010). Financial globalization, financial crises and contagion. Journal of Monetary Economics. https://doi.org/10.1016/j.jmoneco.2009.10.009

Nguyen, T. H. D., & Vu, D. C. (2020). Summary of the COVID-19 outbreak in vietnam – Lessons and suggestions. Travel Medicine and Infectious Disease, 101651. https://doi.org/10.1016/j.tmaid.2020.101651

Nicola, M., Alsafi, Z., Sohrabi, C., Kerwan, A., Al-Jabir, A., Iosifidis, C., Agha, M., & Agha, R. (2020). The Socio-Economic Implications of the Coronavirus and COVID-19 Pandemic: A Review. International Journal of Surgery. https://doi.org/10.1016/j.ijsu.2020.04.018

OECD. (2020). Coronavirus: The world economy at risk. In OECD Interim Economic Assessment (Issue March). The Organisation for Economic Co-operation and Development (OECD). http://www.oecd.org/berlin/publikationen/Interim-Economic-Assessment-2-March-2020.pdf

reuters.com. (2020a). Malaysia confirms first cases of coronavirus infection. https://www.reuters.com/article/china-health-malaysia/malaysia-confirms-first-cases-of-coronavirus-infection-idUSL4N29U03A

reuters.com. (2020b, April 8). Latest on the spread of the coronavirus around the world. 1–12. https://www.reuters.com/article/us-health-coronavirus-latest-factbox/latest-on-the-spread-of-the-coronavirus-around-the-world-idUSKBN21P389

South China Morning Post. (2020, January 13). Wuhan pneumonia: Thailand confirms first case of virus outside China. 1–2. https://www.scmp.com/news/hong-kong/health-environment/article/3045902/wuhan-pneumonia-thailand-confirms-first-case

straitstimes.com. (2020, March 24). Laos records first two coronavirus cases. March 24, 1–2. https://www.straitstimes.com/asia/se-asia/laos-records-first-two-coronavirus-cases

The Jakarta Post. (2020). BREAKING: Jokowi announces Indonesia’s first two confirmed COVID-19 cases. www.Thejakartapost.Com, 2–9. https://www.thejakartapost.com/news/2020/03/02/breaking-jokowi-announces-indonesias-first-two-confirmed-covid-19-cases.html

Thejakartapost. (2020, March 20). Indonesian government prepares for worst, including zero percent growth, as COVID-19 hits. 1–6. https://www.thejakartapost.com/news/2020/03/20/government-prepares-for-worst-including-zero-percent-growth-as-covid-19-hits.html

UU Nomor 8 Tahun 1995. (1995). UU Nomor 8 Tahun 1995 Tentang Pasar Modal. https://doi.org/10.7312/schi13174-003

WHO. (2020). Coronavirus disease (COVID-19) in the Philippines. https://www.who.int/philippines/emergencies/covid-19-in-the-philippines

Wittenberg-Cox, A. (2020). What Do Countries with The Best Coronavirus Responses Have in Common? Women Leaders. Forbes.Com. https://www.forbes.com/sites/avivahwittenbergcox/2020/04/13/what-do-countries-with-the-best-coronavirus-reponses-have-in-common-women-leaders/#13617f3b3dec

Wren-lewis, S. (2020). The economic effects of a pandemic. https://mainlymacro.blogspot.com/2020/03/the-economic-effects-of-pandemic.html




DOI: https://doi.org/10.35308/ekombis.v8i2.6270

Refbacks

  • There are currently no refbacks.


Copyright (c) 2022 JURNAL EKOMBIS

Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.