THE EFFECT OF MACROECONOMICS ON JAKARTA ISLAMIC INDEX

Lisa Kustina

Abstract


This study examines the effect of macroeconomics on Jakarta Islamic Index. Inflation, Interest Rate, exchange rate, and gross domestic product as a macroeconomics variable. Data of inflation, interest rate, and gross domestic product were collected from period during 2013- 2016. Regression analysis was conducted to examine the effect of macroeconomics on Jakarta Islamic Index. Simultaneously, the results showed that there was effect of macroeconomics on Jakarta Islamic Index. But partially, there was no effect of macroeconomics on Jakarta Islamic Index.

Keywords


Macroeconomics, Inflation, Interest Rate, Gross Domestic Bruto, Jakarta Islamic Index

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