Mohtar Rasyid


The purpose of this paper is to describe the development of econometric time-series modeling from early development to contemporary issues. Economic structural model begins with the Keynesian macro model with a simple equation system to a system with hundreds of equations. One interesting issue in the econometric modeling of time series stationarity issue is the emergence of the new standards in advanced econometric analysis. The model system with a new approach known as VAR with emphasis in the data: let the data speak (let's Data talk). This model has become the new standard with variations VECM and several derivative models. This paper concludes with a brief discussion of new approaches to discuss the adjustments that are non-linear.


ekonometric modeling; vektor-autoregresion; non-linear adjustment

Full Text:

PDF (Indonesian)


Culha, Ali Askin. A Structural VAR Analysis of the Determination of Capital Flow into Turkey. Central Bank Review, Istambul: Central Bank of The Republic of Turkey, 2006.

Enders, dan Granger. “Unit Root Test and Asymmetric Adjustment With an Examples Using The Term Structure of Interest Rate.” Journal of Business and Economics, 1998.

Enders, dan Siklos. “Cointregrations and Threshold Adjustment.” Journal Bussiness and Economic Statistics, 2001: 166-176.

Enders, Walter. Applied Econometrics Time Series. New York: Wiley & Sons, 2003.

Gujarati, Damodar N. Basic Econometrics. Fourth Edition. New York: McGraw Hill, 2003.

Nezky, Mita. “Pengaruh Krisis Ekonomi Amerika Serikat Terhadap Bursa Saham dan Perdagangan Indonesia.” Bukelin Ekonomi Moneter dan Perbankan, 2013: 89-103.

Sims, C.A. “Macroeconomics and Reality.” Econometrica, 1980: 1-48.

Thomas, R.L. Modern Econometrics, An Introductions. Essex: Addison Wesley Longman Limeted, 1997.

Vita, Glauco De, dan KS Kyaw. “Determinant of Capital Flows to Developing Countries: A Structural VAR Analysis.” Journal of Economic Studies, 2007: 304-322.


Copyright (c)

Creative Commons License

Mediatrend © 2015 - Journal of Economic & Development Studies | Development Economics Program - Faculty of Economics and Bussiness, Trunojoyo University