scholarly journals PENGARUH HARGA MINYAK DUNIA DAN SUKU BUNGA TERHADAP PERTUMBUHAN EKONOMI INDONESIA TAHUN 1987-2017

2019 ◽  
Vol 2 (1) ◽  
pp. 1
Author(s):  
Ina Yanti ◽  
Ratna Ratna

This study aims to determine the effect of world oil prices and interest rates on the economic growth of Indonesia. The data used in this study is time-series data during1987-2017 obtained from Indonesia. (Energy Information Administration), Bank Indonesia, and the Central Bureau of Statistics. Data analysis methods use multiple linear regression and Vector Autoregression (VAR) models. The results of the study show that partially the world oil prices and interest rates have a significant and negative effect on the economic growth of Indonesia. Simultaneously, world oil prices and interest rates have a significant and positive effect on the economic growth of Indonesia. Furthermore, the results of testing the VAR analysis model indicate that world oil prices have a positive and significant effect on the economic growth of Indonesia, and interest rates have a positive and insignificant effect on the economic growth of Indonesia. It recommends that the government and all stakeholders must collaborate to reduce or eliminate the influence of shocks to global oil prices domestically and a concrete step that needs to be sought is to normalize the habits that used to be wasteful of fuel to save fuel.

2019 ◽  
Vol 1 (2) ◽  
pp. 401
Author(s):  
Zakiah Husna ◽  
Idris Idris

This study aims to determine the effect of energy consumption and regime on economic growth in Indonesia. The data used is secondary data in the form of time series data from 1988-2017, with documentation and library study data collection techniques obtained from relevant institutions and agencies. the variables used are economic growth (GDP), non-renewable energy consumption, renewable energy consumption and regime, the research methods used are: (1) Multiple Regression Analysis (OLS), (2) Classical Assumption Test results of research stating that: ( 1) non-renewable energy consumption has a positive effect on economic growth in Indonesia. (2) consumption of renewable energy has a positive effect on economic growth in Indonesia. (3) the energy regime has a negative effect on economic growth in Indonesia. (4) non-renewable energy consumption, renewable energy consumption and energy regime have a significant effect on economic growth in Indonesia. so only the energy regime has a negative effect on economic growth in Indonesia.


2020 ◽  
Vol 2 (4) ◽  
Author(s):  
Regina Septriani Putri ◽  
Ariusni Ariusni

Abstract : This study examined and analysis the effect of remittances, foreigndirect investment, imports, and economic growth in Indonesia in the long run andshort run. This study using Error Correction Model (ECM) method and using theannual time series data from 1989 to 2018. This study found that: (1) remittancehave an insignificant positive effect on economic growth in the long run and shortrun,(2)foreign direct investment have a significant positive impact on economicgrowth in the long run and short run, (3) import have an insignificant positiveimpact on economic growth both in the long run and short run. To increase theeconomic growth in the future, this study suggests the government to decresingimports of consume goods and increasing the inflow of capital goods, rawmaterial goods, remittances and foreign direct investment.Keyword : Remittance, Foreign Direct Investment, Import, Economic Growth andECM


2015 ◽  
Vol 1 (2) ◽  
Author(s):  
Muriel Adarkwa ◽  

Remittances from abroad play a key role in the development of many West African countries. Remittances tend to increase the income of recipients, reduce shortage of foreign exchange and help alleviate poverty. This research examines the impact of remittances on economic growth in four selected West African countries: Cameroon, Cape Verde, Nigeria and Senegal. Using developmentalist, structuralist and pluralist views on remittances, a linear regression was run on time series data from the World Bank database for the period 2000–2010. After a critical analysis of the impact of remittances on economic growth in these four countries, it was found that inflow of remittances to Senegal and Nigeria has a positive effect on these countries’ gross domestic product whereas for Cape Verde and Cameroon it had a negative effect. Cameroon benefitted the least from remittances and Nigeria benefitted the most within the period. One contribution of this study is the finding that remittance inflows need to be invested in productive sectors. Even if remittances continue to increase, without investment in productive sectors they cannot have any meaningful impact on economic growth in these countries.


2020 ◽  
pp. 22
Author(s):  
Adhitya Wardhana ◽  
Bayu Kharisma ◽  
Sarah Annisa Noven

This study aims to see the effect of population dynamics variables on economic growth in Indonesia. This study uses the Ordinary Least Square model with time series data from 1986 to 2016. The data used are population dynamics variables, such as number of fertilities, infant mortality, with the variable control are the amount of labor, savings and government expenditure on economic growth measured through Gross Domestic Product. The results os the study showed that the fertility amount in Indonesia has a negative effect on the amount of economic growth in Indonesia, which means that increasing population will reduce economic growth in Indonesia. then, variable infant mortality has a negative influence on economic growth in Indonesia. Fertility variables and the population of productive age have a positive effect on labor force participation rates. Control variables, like savings and government expenditure, also have a positive effect on economic growth in Indonesia.


Author(s):  
Sorush Niknamian

This study reassesses the resource–economic growth nexus by incorporating several channels. Advanced panel time series techniques are used to analyse panel time series data from 1980 to 2015 in 31 oil-rich countries. Results show that oil rent augments economic growth; thus, oil rent is conducive rather than impediment for economic growth. The role of governance in economic growth is significant in the selected countries. Oil rent exerts a positive significant impact on economic growth in countries with good governance compare to countries with poor governance. Financial development is an unimportant channel in the resource–growth nexus because FD is often unable to mobilise oil rent from the government to the private sector in oil-rich countries. Globalisation is advantageous for countries and promote economic growth. Moreover, war exerts a significant negative effect on growth in the long term.


Author(s):  
Intan Utna Sari ◽  
Asron Saputra

One of the important benchmarks in determining the success of economic development is economic growth. The role of the government in achieving development success is to determine the direction of development policies and to achieve these development targets a good development plan is needed to realize stable economic growth in order to improve people's welfare, namely by increasing Small and Medium Enterprises, Investment and Manpower. This study aims to determine the simultaneous and partial effect of Small and Medium Enterprises, Investment and Labor on the economic growth of Batam City. The data source is secondary data using panel data consisting of time series data for three years and cross section data of nine districts which resulted in 45 observations. The analysis technique used to solve the problem in this study is the multiple linear regression analysis model. The results of this study indicate that in terms of small and medium enterprises, investment and labor have a significant effect on economic growth in Batam City. This indicates that the number of SMEs (Small and Medium Enterprises), Investment and Manpower in Batam City can determine the level of economic growth in Batam City. This is because SMEs, investment and labor are activities that can produce goods or services. Partially Small and Medium Enterprises, Investment and Labor have a positive and significant effect on economic growth in Batam City, meaning that if the number of Small and Medium Enterprises, Investment and Labor is increased, economic growth will also increase.


2019 ◽  
Vol 6 (1) ◽  
pp. 1-16
Author(s):  
Abd. Rizal ◽  
T. Zulham ◽  
Asmawati Asmawati

Abstract This study aimed to analyze the effect of Macroeconomic variables in the form of Economic Growth, Inflation and interest rate of Bank Indonesia (7-Day Repo rate) on Non Performing Loans (NPL) in Indonesia. This study uses annual time series data from 2000 to 2017 with a total sample of 18 years. The model used is Auto Regressive Distributed Lags (ARDL) using Eviews 9. Software The results show that in the short run Inflation has a negative effect on Non Performing Loans (NPL) and Inflation in the previous year  (Lag-1) has a significant positive effect whereas in the long run Inflation has a negative effect, maintained inflation at a reasonable limit to foster a good climate for entrepreneurs to be a stimulus so that they are able to fulfill their obligations, in the long run Economic growth has a significant negative effect and interest rates have a significant positive effect. It is hoped that the government can be more careful in setting the 7-Day Repo rate, given the positive response shown to Non Performing Loans (NPL). In addition, the government must also be able to maintain sustainable economic growth given its negative relationship to Non Performing Loans (NPL). It is recommended for further researchers to add other variables such as stock index, exchange rate, Capital Adequacy Ratio (CAR) and Charge-off policy (PH) of non-performing loans.


2019 ◽  
Author(s):  
Sorush Niknamian

This study reassesses the resource–economic growth nexus by incorporating several channels. Advanced panel time series techniques are used to analyse panel time series data from 1980 to 2015 in 31 oil-rich countries. Results show that oil rent augments economic growth; thus, oil rent is conducive rather than impediment for economic growth. The role of governance in economic growth is significant in the selected countries. Oil rent exerts a positive significant impact on economic growth in countries with good governance compare to countries with poor governance. Financial development is an unimportant channel in the resource–growth nexus because FD is often unable to mobilise oil rent from the government to the private sector in oil-rich countries. Globalisation is advantageous for countries and promote economic growth. Moreover, war exerts a significant negative effect on growth in the long term.


2020 ◽  
Vol 15 (2) ◽  
pp. 267-276
Author(s):  
Dian Setia Ningsih ◽  
Haryadi Haryadi ◽  
Siti Hodijah

This study aims to analyze the development of PMDN, PMA, Exports, Imports, and Economic Growth in Jambi province and to analyze the influence of PMDN, PMA, Exports, and Imports on economic growth in Jambi province. The analysis model used is the Autoregressive Distributed Lag (ARDL). The results showed that in the short term PMDN had a significant negative effect on economic growth. PMA has a positive and significant effect on economic growth. Exports have a significant positive effect on economic growth. In the long term, PMDN has a positive and significant effect on economic growth. PMA has a negative and significant effect on economic growth. The export variable has a positive and significant effect on economic growth. And imports have a positive but insignificant effect on economic growth. It is hoped that economic growth will continue to increase from year to year, so the government must play an important role in increasing economic activities that have existing potentials so that the people's income is high which also reduces poverty and inequality that occurs.


2020 ◽  
Vol 5 (4) ◽  
Author(s):  
Gideon Kweku Appiah ◽  
Ebenezer Oduro ◽  
Shadrack Benn

AbstractThe objective of this paper was to investigate the impact of crude oil consumption and oil price on the growth of the Ghanaian economy. It proceeded with annual time series data (1980-2016) sourced from World Development Indicator (WDI) and Energy Information Administration (EIA). All variables used in the study were integrated of order one as suggested by the Augmented Dickey-Fuller (ADF) test. Further, the Johansen Cointegration test suggested the existence of cointegration among the variables. The study used the OLS estimation procedure.The study found a positive and statistically significant relationship between oil price and economic growth in the long run. On the other hand, an inverse relationship was found between crude oil consumption and economic growth in the long run.Based on the findings the study recommends that the government diversify the economy to reduce the shock the economy might experience in times of oil price shocks. Further, risk management instruments like physical reserves and hedging against oil prices should also be employed.Also, the study recommends policies that encourage efficient consumption of crude oil, especially in the productive sectors like industry in order to trigger growth. This notwithstanding, the study recommends effective measures to mitigate the externalities associated with increased production and consumption of crude oil, such as the carbon tax.


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