Proceedings of the Sixth Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA 2020)

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Factors Affecting the Purchasing Power Parity of Currency of Member Countries of the Asia Pacific Economic Corporation (APEC)

Authors
Nailil Fitri, Syamsul Amar
Corresponding Author
Nailil Fitri
Available Online 17 June 2021.
DOI
10.2991/aebmr.k.210616.030How to use a DOI?
Keywords
Middle income countries, APEC, Purchasing power parity, Net export, Total stock transaction, Inflation
Abstract

This study aims to analyse the factors that affect the purchasing power parity of the middle income Asia Pacific Economic Corporation (APEC) member countries consisting of 9 countries (Mexico, China, Russia, Peru, Malaysia, Thailand, Indonesia, the Philippines and Papua New Guinea) using the data analysis method, namely panel data regression with the Random Effect Model using the variable net exports, the number of stock transactions and inflation. The results obtained indicate that net exports have a positive and insignificant effect, the number of stock transactions has a significant positive effect and inflation has a significant negative effect. From the research results, it is suggested the government of a country should develop more types of exports that play a greater role in state revenue. simplify the investment process and also maintain legal certainty in order to attract investors to invest their stocks and it is hoped that the government and central bank will maintain price stability which can be done with monetary policy.

Copyright
© 2021, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the Sixth Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA 2020)
Series
Advances in Economics, Business and Management Research
Publication Date
17 June 2021
ISBN
10.2991/aebmr.k.210616.030
ISSN
2352-5428
DOI
10.2991/aebmr.k.210616.030How to use a DOI?
Copyright
© 2021, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

risenwbib
TY  - CONF
AU  - Nailil Fitri
AU  - Syamsul Amar
PY  - 2021
DA  - 2021/06/17
TI  - Factors Affecting the Purchasing Power Parity of Currency of Member Countries of the Asia Pacific Economic Corporation (APEC)
BT  - Proceedings of the Sixth Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA 2020)
PB  - Atlantis Press
SP  - 196
EP  - 200
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210616.030
DO  - 10.2991/aebmr.k.210616.030
ID  - Fitri2021
ER  -