%A NIM.: 21108010128 Rayhan Ismail Saleh
%O Dr. Muh. Rudi Nugroho, SE., M.Sc.
%T ANALISIS PENGARUH PASAR SAHAM TERHADAP PERTUMBUHAN EKONOMI DI NEGARA ASEAN 2014-2022
%X This study aims to analyze the effect of capital market development on economic
growth in six ASEAN countries (Indonesia, Malaysia, Singapore, Thailand,
Vietnam, and the Philippines) during the period 2014–2022. The independent
variables used include the Composite Stock Price Index (IHSG), market
capitalization, interest rates, and inflation, while the dependent variable is
economic growth, which is proxied by Gross Domestic Product (GDP). The
research method used is quantitative with panel data analysis using a multiple
regression model as well as classical assumption testing and hypothesis testing.
The results show that the IHSG and market capitalization have a positive and
significant effect on economic growth, while interest rates have no significant effect.
On the other hand, inflation has a moderate positive effect on economic growth.
These findings indicate that stock market development can drive economic growth
in the ASEAN region, but macroeconomic stability is still needed as a supporting
factor. This study is expected to serve as a reference for governments, investors,
and academics in formulating investment policies and strategies in the ASEAN
region.
%K Pasar Saham, Pertumbuhan Ekonomi, IHSG, Kapitalisasi Pasar, Suku Bunga, Inflasi, ASEAN
%D 2025
%I UIN SUNAN KALIJAGA YOGYAKARTA
%L digilib73888