scholarly journals Determinan Ekspor Di Indonesia

2020 ◽  
Vol 4 (2) ◽  
pp. 307-317
Author(s):  
Fanny Septina
Keyword(s):  
Foreign Direct Investment ◽  
Exchange Rate ◽  
Gross Domestic Product ◽  
Error Correction ◽  
Direct Investment ◽  
Oil And Gas ◽  
Error Correction Model ◽  
Domestic Product ◽  
Correction Model ◽  
Us Dollar

ABSTRACTThis study aims to explore macroeconomic factors that affect non-oil and gas exports in Indonesia. The research data are non-oil and gas export data, Gross Domestic Product, inflation, US dollar exchange rate, foreign direct investment in the 2010-2019 period published by Bank Indonesia statistics. The research method uses the Vector Error Correction Model (VECM) analysis with the Augmented Dickey Fuller (ADF) stationary test, Johansen's cointegration test, Granger causality test, Error Correction Model. The results showed there was a cointegration relationship between all dependent and independent variables, a direct relationship with the US dollar exchange rate and inflation on Gross Domestic Product, Gross Domestic Product on exports. In the short term Gross Domestic Product, inflation, exchange rates, and foreign direct investment have no significant effect on non-oil and gas exports. In the long run, Gross Domestic Product has a significant effect on non-oil and gas exports.Keywords: non-oil export, macroeconomy, cointegration, causality, error correction model

scholarly journals Effect of Price Determinants on World Cocoa Prices for Over the Last Three Decades: Error Correction Model (ECM) Approach

2013 ◽  
Vol 29 (3) ◽  
Author(s):  
Lya Aklimawati ◽  
Teguh Wahyudi
Keyword(s):  
Exchange Rate ◽  
Gross Domestic Product ◽  
Error Correction ◽  
Error Correction Model ◽  
Domestic Product ◽  
Short Term ◽  
Correction Model ◽  
Significance Level ◽  
Long Run ◽  
Price Determinants

High  volatility  cocoa  price  movement  is  consequenced  by  imbalancing between power demand and power supply in commodity market. World economy expectation and market  liberalization would lead to instability on cocoa prices in  the  international  commerce.  Dynamic  prices  moving  erratically  influence the benefit  of market players, particularly  producers. The aim of this research is  (1)  to  estimate  the  empirical  cocoa  prices  model  for  responding  market dynamics and (2) analyze short-term and long-term effect of price determinants variables  on cocoa prices.  This research  was  carried out by  analyzing  annualdata from 1980 to 2011, based on secondary data. Error correction mechanism (ECM)  approach was  used  to  estimate the  econometric  model  of  cocoa  price.The  estimation  results  indicated  that  cocoa  price  was  significantly  affected  by exchange rate IDR-USD, world gross domestic product,  world inflation, worldcocoa production, world cocoa consumption, world cocoa stock and Robusta prices at varied significance level from 1 - 10%. All of these variables have a long run equilibrium relationship. In long run effect, world gross domestic product, world  cocoa  consumption  and  world  cocoa  stock  were  elastic  (E  >1),  while other  variables  were  inelastic  (E  <1).  Variables  that  affecting  cocoa  pricesin  short  run  equilibrium  were  exchange  rate  IDR-USD,  world  gross  domestic product,  world  inflation,  world  cocoa  consumption  and  world  cocoa  stock. The  analysis  results  showed  that  world  gross  domestic  product,  world  cocoa consumption  and  world  cocoa  stock  were  elastic  (E  >1)  to  cocoa  prices  in short-term.  Whereas,  the  response  of  cocoa  prices  was  inelastic  to  change  of exchange rate IDR-USD and world inflation.Key words: Price determinants, cocoa, Error Correction Model, demand, supply, stock

Corporate Taxes and Foreign Direct Investment: An Impact Analysis

2020 ◽  
Vol 5 (2) ◽  
pp. 28-43
Author(s):  
Onome Christopher Edo ◽  
Anthony Okafor ◽  
Akhigbodemhe Emmanuel Justice
Keyword(s):  
Foreign Direct Investment ◽  
Error Correction ◽  
Direct Investment ◽  
Impact Analysis ◽  
Negative Relationship ◽  
Value Added ◽  
Positive Association ◽  
Error Correction Model ◽  
Corporate Taxes ◽  
Correction Model

Objective – The purpose of this study is to investigate the effect of corporate taxes on the flow of Foreign Direct Investment (FDI) in Nigeria between 1983 and 2017. Methodology/Technique – This study adopts an ex-post facto research design. Secondary data was sourced from the World Bank Development Indicator, the Central Bank of Nigeria database, and the Federal Inland Revenue database. The research data was analyzed using the Error Correction Model (ECM). Findings – The coefficient of determination (R2) shows that approximately 77% of systematic changes in FDI are attributed to the combined effect of all of the explanatory variables used in this study. Specifically, the study concludes that Company Income Tax, Value Added Tax, and Custom and Excise Duties have a significant but negative relationship with FDI. In contrast, Tertiary Education Tax has a positive association with FDI. Further, Exchange Rate has a negative but significant relationship with FDI, Inflation had an insignificant but positive association with FDI, and GDP growth Rate and Trade Openness demonstrate a positive and significant association with FDI. Novelty – The findings of this study are distinguishable from previous studies, as it uncovers new evidence that higher Education Tax Rates influences FDI and emerging evidence on the effect of non-tax variables on FDI inflow. Type of Paper: Empirical. JEL Classification: E22, F21, H2, P33. Keywords: Corporate Taxes; Foreign Direct Investment; Error Correction Model; Nigeria; Non-Tax Variables. Reference to this paper should be made as follows: Edo, O.C; Okafor, A; Justice, A.E. 2020. Corporate Taxes and Foreign Direct Investment: An Impact Analysis, Acc. Fin. Review 5 (2): 28 – 43. https://doi.org/10.35609/afr.2020.5.2(1)

The Causal Links Between Foreign Direct Investment And Economic Growth In Pakistan

2012 ◽  
Vol 6 ◽  
Author(s):  
Najid Ahmad ◽  
Muhammad Farhat Hayat ◽  
Muhammad Luqman ◽  
Shafqat Ullah
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Gross Domestic Product ◽  
Direct Investment ◽  
Domestic Product ◽  
Correction Model ◽  
Economic Progress ◽  
Long Run ◽  
Domestic Capital ◽  
The Relationship

This paper investigates the relationship between foreign direct investment and economic growth in Pakistan. The co-integration and error correction model is used to show the relationship between foreign direct investment and gross domestic product in Pakistan. Gross domestic product is taken as dependent variable while foreign direct investment, labor force and domestic capital as independent variables. The results suggest that there is a positive relation between foreign direct investment and gross domestic product in short as well as long run. If we want to make economic progress then there is a need to invite foreign investors because foreign direct investment increases GDP that is economic growth.

scholarly journals Current account determinants in ASEAN 6

2018 ◽  
Vol 21 (2) ◽  
Author(s):  
Novi Ariyani ◽  
Fajar Wahyu Priyanto ◽  
Lilis Yuliati
Keyword(s):  
Foreign Direct Investment ◽  
Exchange Rate ◽  
Interest Rate ◽  
Gross Domestic Product ◽  
Current Account ◽  
Direct Investment ◽  
Domestic Product ◽  
Annual Data ◽  
The Current Account

This study aims to analyze the factors that influence the export activity in the ASEAN region countries such as Indonesia, Singapore, Thailand, Malaysia, Philippines and Vietnam during 2001 - 2016 by using annual data. The factors that influence gross domestic product (GDP), interest rate, foreign direct investment (FDI) and exchange rate. The method used in the research is panel Vector Error Correlation Model (PVECM). The results show that Gross Domestic Product (GDP) negatively affects the current account in the short term. The interest rate variable negatively affects the current account in the long term. The Foreign Direct Investment (FDI) variable negatively affects the current account in the long term. Furthermore, the exchange rate variable negatively affects the current account in the long term.

PERKEMBANGAN NERACA PERDAGANGAN DAN FAKTOR-FAKTOR YANG MEMPENGARUHINYA

2014 ◽  
Vol 8 (1) ◽  
pp. 51-72
Author(s):  
Ari Mulianta Ginting
Keyword(s):  
Foreign Direct Investment ◽  
Error Correction ◽  
Trade Balance ◽  
Direct Investment ◽  
Error Correction Model ◽  
Vector Error Correction Model ◽  
Correction Model ◽  
Vector Error Correction ◽  
Vector Error ◽  
Long Run

Penelitian ini menganalisis perkembangan neraca perdagangan Indonesia dan faktor yang mempengaruhinya selama periode Kuartal I tahun 2006 sampai dengan Kuartal II tahun 2013 menggunakan Vector Error Correction Model (VECM). Neraca perdagangan Indonesia menunjukkan perkembangan yang positif dalam kurun waktu 2006-2011, dan pertumbuhan negatif selama periode 2012-2013. Penelitian ini juga menemukan bahwa baik dalam jangka panjang maupun jangka pendek, konsumsi domestik dan nilai tukar riil berpengaruh negatif dan signifikan terhadap neraca perdagangan Indonesia, sedangkan variabel Investasi Asing Langsung dan PDB Negara lain berpengaruh positif. Nilai error correction model yang negatif dan signifikan menunjukkan adanya koreksi dari pergerakan variabel pada keseimbangan jangka panjang. Hal ini mengindikasikan pentingnya pemerintah untuk mengeluarkan kebijakan yang tepat untuk mengatasi defisit neraca perdagangan Indonesia, antara lain menjaga stabilitas nilai tukar, mengendalikan konsumsi masyarat terhadap barang impor, dan menarik Foreign Direct Investment. This paper examines the development of Indonesia’s trade balance and its determinant factors from the first quarter of 2006 to the second quarter of 2013 using a Vector Error Correction Model (VECM). The development of trade balance from the year 2006-2011 has shown a positive trend. However between the year 2012 and 2013, the trade balance has been negative.The analysis shows that both in the short run and the long run,the domestic consumption and Real Exchage Rate have negative and significant influence on Indonesia’s trade balance. Whilst Foreign Direct Investment and Foreign GDP have positive effect. The coefficient of Error Correction Model is negative and significant implying that there is correction movement from those variabels in the long run. This study suggests that the Government should make the right policy to overcome the deficit of trade balance by maintaining including exchange rate stability,and household consumption of imported goods as well as by attracting Foreign Direct Investment.

scholarly journals Foreign Direct Investment (FDI), Trade and Its Contribution to the Mining Sector of Guinea

2016 ◽  
Vol 7 (2) ◽  
pp. 65
Author(s):  
Kimberly Racquel Elizabeth Chin
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Exchange Rate ◽  
Gross Domestic Product ◽  
Direct Investment ◽  
Mining Industry ◽  
Domestic Product ◽  
Mining Sector ◽  
The Government ◽  
The Relationship

In order to objectively analyze Foreign Direct Investment (FDI) contribution to Guinea’s mining sector, the granger casualty test was used to determine the relationship among variables and to determine whether any of these variables affect others and how. The variables used are Gross Domestic Product, Government Income, Trade, FDI inflow into Guinea mining sector and the exchange rate. The granger casualty test produced evidence of a bidirectional casualty relationship which suggests that FDI’s influence on efficiency lies in the government relaxing its dependency on the mining industry for economic  growth.

scholarly journals Foreign Debts Strategy Thesis for Improved Living Standard: The Nigerian Experience

2021 ◽  
Vol 3 (1) ◽  
pp. 1-13
Author(s):  
Ayangeadoo Alphonsus Hur-Yagba ◽  
Helen Elena Jekele ◽  
Kasim Umar
Keyword(s):  
Foreign Direct Investment ◽  
Exchange Rate ◽  
Gross Domestic Product ◽  
Direct Investment ◽  
Inflation Rate ◽  
Secondary Data ◽  
Least Square ◽  
Domestic Product ◽  
Living Standard ◽  
Significance Level

This study examined whether foreign debts have been able to improve or otherwise Nigeria’s economy towards improving the living standard of her citizenry with respect to the nation’s gross domestic product (GDP), USD exchange rate, inflation rate and foreign direct investment (FDI) for the period 1986 to 2017. The study was carried out in Nigeria with respect to other countries doing business with Nigeria. The study also made use of secondary data for the period under consideration. Data obtained were subjected to the cointegration test, which results show that the F-statistic is greater than the lower and upper bound critical value at a five per cent (5%) significance level. Thus, the null hypothesis of no long-run relationship is rejected at a five per cent (5%) significance level. It can, therefore, be inferred that the variables are cointegrated holding the external debt profile as the independent variable. Furthermore, the Ordinary Least Square Linear Multiple Regression Analyses (OLSLMRA) revealed that foreign debt significantly affected adversely, the nation’s gross domestic product (GDP), USD exchange rate and foreign direct investment; except for inflation rate. The study, therefore, concluded that foreign debts, though not the best option for countries striving to survive; still have a significant effect on Nigeria’s economy and indeed her living standard. The study recommends diversification of Nigeria’s economy outside the crude oil to include agriculture, solid minerals, manufacturing, trade and industry to improve on her gross domestic product (GDP), exchange rate, inflation rate and foreign direct investment (FDI) and thus better the living standard of her citizenry.

scholarly journals Analisis Pengaruh Suku Bunga dan Nilai Kurs Terhadap Tingkat Inflasi di Indonesia

2018 ◽  
Vol 3 (2) ◽  
pp. 202-209
Author(s):  
Muslihul Umam ◽  
Isabela Isabela
Keyword(s):  
Exchange Rate ◽  
Exchange Rates ◽  
Interest Rates ◽  
Error Correction ◽  
Inflation Rate ◽  
Error Correction Model ◽  
Rate Of Change ◽  
Correction Model ◽  
Us Dollar ◽  
The Exchange Rate

Abstrak Inflasi merupakan salah satu indikator perekonomian yang penting, laju perubahannya selalu diupayakan rendah dan stabil. Inflasi yang tinggi dan tidak stabil merupakan cerminan akan kecenderungan naiknya tingkat harga barang dan jasa secara umum dan terus menerus sehingga akan melemahkan daya beli masyrakat yang nantinya akan berdampak pada penurunan pendapatan nasional. Oleh karena itu diharapkan adanya pengendalian laju inflasi yang akhir-akhir ini menunjukkan grafik yang meningkat. Penelitian ini membahas tentang “Analisis Pengaruh Suku bunga dan Nilai Kurs Terhadap Tingkat Inflasi Di Indonesia Periode 1985-2014”, bertujuan untuk mengetahui pengaruh suku bunga, dan nilai kurs terhadap tingkat inflasi di Indonesia dengan menggunakan error correction model (ECM). Hasil penelitian ini menunjukkan bahwa suku bunga berpengaruh positif dan signifikan terhadap tingkat inflasi di Indonesia, nilai kurs RP/US Dollar berpengaruh positif dan signifikan terhadap tingkat inflasi di Indonesia.   Keywords: tingkat inflasi, suku bunga, dan nilai kurs.   Abstract Inflation is one of the important economic indicators, the rate of change is always besought low and stable. High and unstable inflation is a reflection of the tendency to increase the level of prices of goods and services in general and continuously so that it will weaken the purchasing power of the people which will reduce national incomelater. Therefore, it is expected to control the inflation rate, which lately shows an increasing graph. This study discusses "The analysis of the Influence of Interest Rates and Exchange Rates to the Inflation Rate in Indonesia for the Period 1985-2014", aims to determine the effect of interest rates, and the exchange rate on the inflation rate in Indonesia using the error correction model (ECM). The results of this study indicate that interest rates have a positive and significant effect on the inflation rate in Indonesia, the exchange rate of Rupiah / US dollar has a positive and significant effect on the inflation rate in Indonesia.   Keywords: Inflation Rate, Interest Rates, and Exchange Rates.

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