RAMADHAN, EID UL FITR, AND INFLATION: LESSON FROM INDONESIAN SUBNATIONAL DATA

<p>Inflation has always been being seen as one of the most important macroeconomic variables in modern economies. Every year, media especially in Muslim countries has constantly reported that inflation rates increase during the Islamic holy month of Ramadhan and Eid Ul Fitr. Remarkably, there...

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Autores principales:	Samsubar Saleh, Dyah Titis Kusuma Wardani, Madha Adi Ivantri
Formato:	article
Lenguaje:	EN
Publicado:	Universitas Muhammadiyah Yogyakarta 2019
Materias:	ramadhan eid ul fitr inflation indoensia local economies Economic theory. Demography HB1-3840
Acceso en línea:	https://doaj.org/article/9bbbc1eccfb149ffaa85dd84023a81a8
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spelling	oai:doaj.org-article:9bbbc1eccfb149ffaa85dd84023a81a82021-12-02T12:15:28ZRAMADHAN, EID UL FITR, AND INFLATION: LESSON FROM INDONESIAN SUBNATIONAL DATA1411-99002541-5506https://doaj.org/article/9bbbc1eccfb149ffaa85dd84023a81a82019-10-01T00:00:00Zhttps://journal.umy.ac.id/index.php/esp/article/view/6576https://doaj.org/toc/1411-9900https://doaj.org/toc/2541-5506<p>Inflation has always been being seen as one of the most important macroeconomic variables in modern economies. Every year, media especially in Muslim countries has constantly reported that inflation rates increase during the Islamic holy month of Ramadhan and Eid Ul Fitr. Remarkably, there has been hitherto almost no serious study focusing on the empirical relationship between Ramadhan, Eid Ul Fitr and inflation. This research aims to examine empirically whether Ramadhan and Eid Ul Fitr have a systematic effect on inflation. This research uses regression analysis technique and involves data from 66 local economies in Indonesia between January 2000 and December 2017. The finding of this paper is Ramadhan and Eid Ul Fitr have a positive effect on inflation. The possible reasons for explaining the results is the high of public demand. To overcome inflation in Indonesia not only from the role of government in controlling inflation rate, but also the role of Muslims community in controlling consumption.</p>Samsubar SalehDyah Titis Kusuma WardaniMadha Adi IvantriUniversitas Muhammadiyah Yogyakartaarticleramadhaneid ul fitrinflationindoensialocal economiesEconomic theory. DemographyHB1-3840ENJurnal Ekonomi & Studi Pembangunan, Vol 20, Iss 2, Pp 135-150 (2019)
institution	DOAJ
collection	DOAJ
language	EN
topic	ramadhan eid ul fitr inflation indoensia local economies Economic theory. Demography HB1-3840
spellingShingle	ramadhan eid ul fitr inflation indoensia local economies Economic theory. Demography HB1-3840 Samsubar Saleh Dyah Titis Kusuma Wardani Madha Adi Ivantri RAMADHAN, EID UL FITR, AND INFLATION: LESSON FROM INDONESIAN SUBNATIONAL DATA
description	<p>Inflation has always been being seen as one of the most important macroeconomic variables in modern economies. Every year, media especially in Muslim countries has constantly reported that inflation rates increase during the Islamic holy month of Ramadhan and Eid Ul Fitr. Remarkably, there has been hitherto almost no serious study focusing on the empirical relationship between Ramadhan, Eid Ul Fitr and inflation. This research aims to examine empirically whether Ramadhan and Eid Ul Fitr have a systematic effect on inflation. This research uses regression analysis technique and involves data from 66 local economies in Indonesia between January 2000 and December 2017. The finding of this paper is Ramadhan and Eid Ul Fitr have a positive effect on inflation. The possible reasons for explaining the results is the high of public demand. To overcome inflation in Indonesia not only from the role of government in controlling inflation rate, but also the role of Muslims community in controlling consumption.</p>
format	article
author	Samsubar Saleh Dyah Titis Kusuma Wardani Madha Adi Ivantri
author_facet	Samsubar Saleh Dyah Titis Kusuma Wardani Madha Adi Ivantri
author_sort	Samsubar Saleh
title	RAMADHAN, EID UL FITR, AND INFLATION: LESSON FROM INDONESIAN SUBNATIONAL DATA
title_short	RAMADHAN, EID UL FITR, AND INFLATION: LESSON FROM INDONESIAN SUBNATIONAL DATA
title_full	RAMADHAN, EID UL FITR, AND INFLATION: LESSON FROM INDONESIAN SUBNATIONAL DATA
title_fullStr	RAMADHAN, EID UL FITR, AND INFLATION: LESSON FROM INDONESIAN SUBNATIONAL DATA
title_full_unstemmed	RAMADHAN, EID UL FITR, AND INFLATION: LESSON FROM INDONESIAN SUBNATIONAL DATA
title_sort	ramadhan, eid ul fitr, and inflation: lesson from indonesian subnational data
publisher	Universitas Muhammadiyah Yogyakarta
publishDate	2019
url	https://doaj.org/article/9bbbc1eccfb149ffaa85dd84023a81a8
work_keys_str_mv	AT samsubarsaleh ramadhaneidulfitrandinflationlessonfromindonesiansubnationaldata AT dyahtitiskusumawardani ramadhaneidulfitrandinflationlessonfromindonesiansubnationaldata AT madhaadiivantri ramadhaneidulfitrandinflationlessonfromindonesiansubnationaldata
_version_	1718394590195613696

RAMADHAN, EID UL FITR, AND INFLATION: LESSON FROM INDONESIAN SUBNATIONAL DATA

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