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dc.contributor.authorSantosa, Budi
dc.date.accessioned2013-09-27T02:24:27Z
dc.date.available2013-09-27T02:24:27Z
dc.date.issued2013-06
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dc.identifier.issn1411-6081
dc.identifier.urihttp://hdl.handle.net/11617/3497
dc.description.abstractPenelitian ini bertujuan untuk menganalisis tingkat integrasi pasar saham kawasan ASEAN dan China. Alat analisis yang digunakan adalah Model Vector Correction Model (VECM). Hasil penelitian menunjukkan bahwa pertama, pasar modal Malaysia, Filipina, Singapura, Thailand, dan China berpengaruh positif terhadap pasar modal Indonesia, tetapi pasar modal Indonesia tidak berpengaruh terhadap pasar modal negara lain. Kedua, pasar saham Singapura berpengaruh positif terhadap pasar modal Indonesia, Malaysia, Thailand, dan China, kecuali Filipina. Ketiga, pasar modal China hanya mempengaruhi pasar modal di Singapura. Pasar saham Singapura dan China mengalami integrasi lengkap karena keduanya saling mempengaruhi. Keempat, pasar modal Filipina hanya mempengaruhi pasar modal Indonesia. Pasar modal Indonesia berada dalam posisi rentan, mudah dipengaruhi oleh gejolak pasar modal yang terjadi di kawasan ASEAN dan China. Pasar modal Singapura berada dalam posisi yang kuat, sebagai referensi untuk pasar modal lain di wilayah tersebut. Sementara pasar modal Filipina relatif lebih tersegmentasi, dipengaruhi gejolak domestik.en_US
dc.publisherlppmumsen_US
dc.subjectACFTAen_US
dc.subjectpasar modalen_US
dc.subjectintegrasien_US
dc.subjectco-integrasien_US
dc.subjectVector Correction Modelen_US
dc.titleINTEGRASI PASAR MODAL KAWASAN CINA - ASEANen_US
dc.typeArticleen_US


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