ANALISIS FAKTOR YANG MEMPENGARUHI BIAYA PENYELENGGARAAN IBADAH HAJI DI INDONESIA
DOI:
https://doi.org/10.28918/jhi.v0i0.667Abstract
The cost for pilgrimage (BPIH) has always changed over the years following the economic circumstances. This research attempts to analyze two external factors, i.e. oil price and exchange rate which are predicted to influence the BPIH in Indonesia. Using vector autoregressive (VAR), it is found that oil price has related with BPIH while exchange rate, relying on annual exchange rate data, has no relation with BPIH. Further, based on variance decomposition function, the contribution of oil price and exchange rate to BPIH is around 9.8% and 6.93% respectvely. This finding suggests that both factors do not give major influences on the rate of BPIH in Indonesia.rcumstances. This research attempts to analyze two external
factors, i.e. oil price and exchange rate which are predicted to influence the
BPIH in Indonesia. Using vector autoregressive (VAR), it is found that oil price
has related with BPIH while exchange rate, relying on annual exchange rate
data, has no relation with BPIH. Further, based on variance decomposition
function, the contribution of oil price and exchange rate to BPIH is around
9.8% and 6.93% respectvely. This finding suggests that both factors do not
give major influences on the rate of BPIH in Indonesia.
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