International Journal
Last updated
Last updated
The results of the tests conducted, it is known that the LQ45 index data is long, the research period from 1999 to 2021 all data has data which is stationary, and high volatility. Inflation did not have a direct effect on the LQ45 index during the period research from 1999 to 2021. The exchange rate does not directly affect the LQ45 index during the period research from 1999 to 2021. The Fed Rate has a direct effect on the LQ45 index during the period research from 1999 to 2021. The DJIA index has a direct effect on the LQ45 index during the period research from 1999 to 2021. The LQ45 index has a direct effect on economic growth during research period from 1999 to 2021. Inflation has a direct effect on economic growth m and not influence indirectly through the LQ45 Index during the study period from 1999 to 2021. The exchange rate has a direct effect on economic growth and not influence indirectly through the LQ45 Index during the study period from 1999 to 2021. The Fed Rate has no direct effect on economic growth and influence indirectly through the LQ45 Index during the study period from 1999 to 2021.The DJIA index has a direct and indirect effect on growth economy through the LQ45 Index during the study period from 1999 to with 2021.