Jurnal Ilmiah Econosains http://journal.unj.ac.id/unj/index.php/econosains <p style="text-align: justify;"><img style="float: left; padding-right: 10px;" src="/unj/public/site/images/ronifaslah/depan2.png" alt=""><span id="cloak63115"><span id="result_box" lang="en"></span></span></p> <p><span id="result_box" class="" lang="en" tabindex="-1"><span class="">Jurnal Ilmiah Econosains (The Scientific Journal of Econoscience) is an online journal of economics and education with E-ISSN: 2252-8490 P-ISSN: 1693-1661 published by the Faculty of Economics, Universitas Negeri Jakarta / State University of Jakarta (UNJ).</span> <span class="">Jurnal Ilmiah Econosains is </span><span class="">published twice a year (March and August), containing 8-10 articles and it receives articles in areas: economic education, education and teaching studies, economics, finance, human resources and management science studies, with research methodologies that meet</span> <span class="">the standards set for publication.</span> <span class="">The manuscript of the article may come from researchers, academics, practitioners, and other economic and educational observers interested in economic and educational research.</span><br></span></p> <p><span id="result_box" class="" lang="en" tabindex="-1"><span class="">Secretariat: </span></span></p> <p><span id="result_box" class="" lang="en" tabindex="-1"><span class="">Building N. 2nd Floor Campus A </span></span></p> <p><span id="result_box" class="" lang="en" tabindex="-1"><span class="">Universitas Negeri Jakarta, Jl.</span> <span class="">Rawamangun Muka Jakarta Timur, postal code 13220</span></span></p> <p><span id="result_box" class="" lang="en" tabindex="-1"><span class="">Email econosains@unj.ac.id cc: diaharmeliza@unj.ac.id</span></span></p> Fakultas Ekonomi Universitas Negeri Jakarta en-US Jurnal Ilmiah Econosains 2252-8490 <p><a href="http://creativecommons.org/licenses/by-nc-sa/4.0/" rel="license"><img style="border-width: 0;" src="https://i.creativecommons.org/l/by-nc-sa/4.0/88x31.png" alt="Creative Commons License"></a><br>Econosains is licensed under a <a href="http://creativecommons.org/licenses/by-nc-sa/4.0/" rel="license">Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License</a>.</p> The FDI, Exchange Rate, and Export Nexus Automotive Industry in Indonesia: A Granger Causality Approach http://journal.unj.ac.id/unj/index.php/econosains/article/view/27974 <p>This study aims to analyze FDI, Exchange Rate, and Export in the Automotive Industry in Indonesia. Data used from 2006 -2019 with the VAR method. The results obtained in this study are the three variables that do not have a cointegration relationship so the estimation uses the VAR model. Furthermore, the Granger Causality test results show that there is a one-way relationship for each variable. The causal relationship, namely FDI affects the exchange rate, exports affect the exchange rate. VAR test results show that the entry of FDI and the exchange rate does not significantly affect exports. Furthermore, FDI significantly affects the exchange rate, this is because of the integrated trading model with low Exchange Rate volatility. For this reason, it is very important to note the direction of capital inflows, which are used to finance domestic expenditure or finance accumulated capital in the traded or non-traded sectors. If capital inflows are used to finance domestic consumption, it must increase purchasing power and demand for goods traded. The study provides a descriptive picture for the Islamic pension fund provider and government to set a product based on the Muslim attitude and expectation. As far as we are concerned, there is only a small number of research on analyzing FDI, Exchange Rate, and Export but in this research specific on Automotive Industry evidence from Indonesia. This article can give contribution to policy.</p> Muhammad Fawaiq Copyright (c) 2022 Muhammad Fawaiq 2022-08-10 2022-08-10 20 1 1 12 10.21009/2012022.1 Analysis of Capital Asset Pricing Model (CAPM) on Health Sector Stocks as a Growing Sector during the Pandemic http://journal.unj.ac.id/unj/index.php/econosains/article/view/28241 <p>Covid-19 pandemic has changed people's behavior, from initially spending a lot of money to being more active in saving. This pandemic has also increased public interest in investing in line with the desire for financial well-being. Based on KSEI data, this increase in the number of investors is six times higher than at the end of 2017. Capital Asset Pricing Model (CAPM) is a model that can be used to see the expected return in a balanced market. The main objective of CAPM is to assist investors in making optimal stock choices while avoiding risk. This study aims to examine CAPM approach in making investment choices in the health sector. This study uses a quantitative descriptive method. The data used in this study is secondary data in the form of financial reports of health sector companies listed on Indonesia Stock Exchange for the period March 2020 to February 2022. Based on the research results, 18 health sector stocks have a positive average return, 17 stocks are included in the category of efficient stock, and 1 stock is included in the category of inefficient stock. When the stock return exceeds the expected rate of return, then the stock is considered efficient.</p> Muhammad Iffadel Rasyad Copyright (c) 2022 Muhammad Iffadel Rasyad 2022-08-16 2022-08-16 20 1 1 10 10.21009/2012022.2