scholarly journals Monetary policy, exchange rate, renewable energy and economic growth: An empirical analysis of Vietnam

Accounting ◽  
2021 ◽  
Vol 7 (6) ◽  
pp. 1315-1324 ◽  
Author(s):  
Nguyen Thi Viet Nga
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Renewable Energy ◽  
Exchange Rate ◽  
Secondary Data ◽  
Positive Influence ◽  
Strong Impact ◽  
Negative Effects ◽  
Vector Autoregressive ◽  
The World Bank

The aim of this study is focused on how monetary, energy consumption and other factors affect economic growth of the country of Vietnam. Based on collected secondary data covering from the World Bank and Vietnam’s General Statistics Office from 1985 to 2019, and some data collected from the State Bank of Vietnam, Vector Autoregressive Model was considered to apply in order to investigate this relationship. Results show that there exists an association among monetary policy, renewable energy and the country’s economic growth. Especially, the country’s exchange rate shows no influence on its economic growth while interest rate has negative effects and particularly money supply and renewable energy have a positive influence on the same direction and has a strong impact on economic growth.

scholarly journals The Effect of Some Economic Variables on Economic Growth in Indonesia Period 2010- 2017

2019 ◽  
Vol 9 (1) ◽  
pp. 757-761
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Interest Rates ◽  
Money Supply ◽  
Secondary Data ◽  
Economic Factors ◽  
Regression Methods ◽  
Exchange Rate Fluctuations ◽  
The World Bank ◽  
Macro Variables

Exchange rate fluctuations are caused by interactions between economic factors and non-economic factors. The purpose of this study is to see the effect of the fluctuations in the rupiah exchange rate on economic growth along with several macro variables in Indonesia. The analytical method used in this study is multiple regression methods, namely testing the hypothesis about the effect of rupiah exchange rate fluctuations (KURS), inflation (INF), Foreign Direct Investment (FDI), Indonesian bank certificate interest rate (SBI), and Money Supply (JUB ) to the Indonesian economy (GRDP). The data used in this study are secondary data taken from Bank Indonesia, the Central Bureau of Statistics, and the World Bank. The research method used is multiple linear regrelsi method using eviews application. The results of this study indicate the exchange rate, inflation and the money supply have a negative direction with economic growth while foreign investment (FDI) and interest rates on Bank Indonesia Certificates (SBI) have a positive and significant direction towards economic growth in Indonesia.

scholarly journals PENGARUH KONSUMSI ENERGI DAN REZIM TERHADAP PERTUMBUHAN EKONOMI DI INDONESIA

2019 ◽  
Vol 1 (2) ◽  
pp. 401
Author(s):  
Zakiah Husna ◽  
Idris Idris
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Time Series Data ◽  
Secondary Data ◽  
Series Data ◽  
Renewable Energy Consumption ◽  
Energy Regime ◽  
Negative Effect ◽  
Positive Effect

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.

scholarly journals PENGARUH HARGA MINYAK DUNIA TERHADAP PERTUMBUHAN EKONOMI DI INDONESIA (MODERASI VARIABEL MONETER)

2020 ◽  
Vol 2 (3) ◽  
Author(s):  
Wilda Novita Sari ◽  
Ariusni Ariusni
Keyword(s):  
Economic Growth ◽  
Regression Analysis ◽  
Exchange Rate ◽  
Data Analysis ◽  
Secondary Data ◽  
Oil Prices ◽  
Analysis Tool ◽  
Data Analysis Tool ◽  
The Exchange Rate ◽  
The Relationship

Abstract: The purpose of this research is to be able to determine the effect of world oil prices on economic growth in Indonesia by applying the exchange rate moderating variable and the BI rate as a connecting variable. Descriptive and associative research is a type of research that is used with data collection techniques through a trusted official agency website that is classified in the quarterly time series secondary data. The data year in this study was from 2006 to 2018. Data analysis was carried out through descriptive and inductive analysis with a Moderated Regression Analysis (MRA) data analysis tool accompanied by a classic assumption test and a t test. Estimation results show that there are two research results; firstly, that the exchange rate has an effect on moderating the relationship between world oil prices and economic growth in Indonesia, secondly, that the BI rate has no influence connecting world oil prices and economic growth in Indonesia. Keywords: World oil prices, economic growth, exchange rates, BI rate, Moderated Regression Analysis (MRA).

scholarly journals Difference in intensity of exchange rate factors in countries with targeting inflation regime

2021 ◽  
Vol 51 (3) ◽  
pp. 125-143
Author(s):  
A.M. Grebenkina ◽  
◽  
A.A. Khandruev ◽  
Keyword(s):  
Monetary Policy ◽  
Exchange Rate ◽  
Inflation Targeting ◽  
Emerging Market ◽  
Exchange Rate Volatility ◽  
Developed Countries ◽  
Exchange Rate Policy ◽  
Nominal Exchange Rate ◽  
Vector Autoregressive ◽  
Market Factors

The paper analyzes features of prime factors of nominal exchange rate in countries with inflation targeting regime and high cross-border financial openness. The paper aims to test the hypothesis about different strength of these factors in developed countries and emerging market economies (EMEs). Using a panel vector autoregressive model and panel data for 2010 — 1st half-year 2020 period for 9 developed countries and 10 EMEs, the paper estimates significance of factors from the side of global commodity and financial markets, as well as the side of national monetary policy. The paper finds some evidence of greater sensitivity of EMEs’ nominal exchange rate to global commodity and financial market factors and a greater sensitivity of developed countries’ nominal exchange rate to national monetary policy. The paper regards this result as an argument for EMEs’ exchange rate policy specification, considering the necessity to cope with heightened exchange rate volatility in these countries under the influence of external factors.

scholarly journals Albania's Monetary Policy and the Basic Indicators that Effect the Economic Growth

2019 ◽  
Vol 2 (2) ◽  
pp. 51
Author(s):  
Bernard Balla
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Exchange Rate ◽  
Interest Rates ◽  
Inflation Targeting ◽  
Inflation Rate ◽  
Full Employment ◽  
Price Stability ◽  
Macroeconomic Policies ◽  
Consumer Prices

Macroeconomic policies aim to stabilize the economy by achieving their goal of price stability, full employment and economic growth. Price stability is the responsibility of macroeconomic policies that are developed to maintain a low inflation rate, contribute to the solidity of the domestic product and maintain an exchange rate that can be predictable. The purpose of this paper is to analyze Albania's monetary policy by highlighting the main indicators that can be used as a measurement of the efficiency of this policy in the economic development. The literature review shows that there are many attitudes regarding the factors that need to be taken into consideration when analyzing monetary policies, including the elements of fiscal policies. In the Albanian economy, the prices and the level of inflation are the most important aspects. The Bank of Albania uses the inflation targeting regime, considering that the main indicator of inflationary pressures in the economy is the deviation of inflation forecasted in the medium term by its target level. In numerical terms, the bank intends to maintain its annual growth in consumer prices at the level of 3%. According to the latest reports published by the Bank of Albania in 2019, monetary policy continues to contribute positively to a financial environment with a low interest rate and an annual inflation rate of 2%. Although the inflation rate hit the lowest value of 1.8 % in 2018, a balanced rate was achieved through the reduction of interest rates and risk premiums in financial markets and, more recently, through the tightening of the exchange rate. These monetary conditions are appropriate to support the growth of domestic demand and the strengthening of inflationary pressures.

scholarly journals Komparasi Jalur Moneter untuk Stabilitas Harga Dalam Kerangka Inflation Targeting Framework (Studi kasus pada interest rate, exchange rate dan credit channel)

2019 ◽  
Vol 8 (3) ◽  
pp. 181
Author(s):  
Setyo Tri Wahyudi ◽  
Rinny Apriliany Zakaria ◽  
Nurul Badriyah
Keyword(s):  
Monetary Policy ◽  
Exchange Rate ◽  
Interest Rate ◽  
Interest Rates ◽  
Error Correction ◽  
Inflation Targeting ◽  
Correction Term ◽  
Secondary Data ◽  
Credit Channel ◽  
The Right

The monetary policy transmission mechanism has many ways in influencing inflation. This method became known as the monetary path. The use of appropriate channels in monetary policy will affect whether or not the objectives of the monetary policy are achieved. This study aims to determine which monetary path is appropriate for Indonesia, which is a developing country with an open economic system. The data used are secondary data taken from Bank Indonesia for the period 2005 to 2016. The research variables include inflation, BI-rate, credit interest rates (SBB), gross domestic product (GDP), exchange rate, bank reserve (BBR), and the amount of credit extended. This study focuses on the path of interest rates, exchange rates and bank credit using the Error Correction Model (ECM). The results of this study indicate that the right monetary path for Indonesia is the credit channel. This is because the value of the Error Correction Term (ECT) coefficient on the ECM model shows that the coefficient of the credit channel is smaller than the interest rate and exchange rate channel, which means that the imbalance that occurs can be resolved more quickly with the credit channel.

scholarly journals Investigating Finance-Growth Nexus: Further Evidence from Nigeria

2018 ◽  
Vol 10 (9) ◽  
pp. 121 ◽  
Author(s):  
Adeola Yahya Oyebowale ◽  
Noah Kofi Karley
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Private Sector ◽  
Central Bank ◽  
Government Expenditure ◽  
Secondary Data ◽  
Financial Sector ◽  
Capital Formation ◽  
Causality Test ◽  
Financial Sector Development

This study investigates the influence of financial sector development on economic growth in Nigeria during the period 1982 to 2015. As such, the study obtained annual secondary data from the Central Bank of Nigeria statistical bulletins and World Bank financial database. The empirical model for this study examines growth in savings, growth in exchange rate, growth in government expenditure, growth in stock market capitalization, growth in credit to private sector, growth in gross capital formation, growth in trade openness and growth in broad money on economic growth in Nigeria. The multiple regression output reveals that growth in government expenditure and growth in gross capital formation are statistically significant on economic growth in Nigeria at 1% and 10% respectively under the period under investigation while other regressors in the model prove to be statistically insignificant. VAR test shows that there is considerable short-run causality running from lags of regressors to economic growth in Nigeria except for lag 1 of growth in exchange rate and lag 2 of growth in credit to private sector. The granger causality test reveals the existence of bi-directional causality between financial sector development and economic growth in Nigeria during the period under investigation. Hence, this study supports the ‘feedback hypothesis’ view on finance-growth. Based on these empirical results, this study recommends effective channeling of funds to the private sector and autonomy of the Central Bank of Nigeria in the use of monetary policy tools.

scholarly journals PENGARUH HARGA MINYAK DUNIA TERHADAP PERTUMBUHAN EKONOMI, INFLASI, DAN PENGANGGURAN DI INDONESIA

2020 ◽  
Vol 7 (1) ◽  
pp. 13-24
Author(s):  
Sodik Dwi Purnomo ◽  
Istiqomah Istiqomah ◽  
Lilis Siti Badriah
Keyword(s):  
Economic Growth ◽  
Data Analysis ◽  
Standard Deviation ◽  
Inflation Rate ◽  
Vector Autoregression ◽  
Oil Prices ◽  
Positive Influence ◽  
Oil Price ◽  
Vector Autoregressive ◽  
Analysis Technique

The purpose of this research is to analyze the influence of oil prices fluctuations to Indonesia macroeconomics that is economic growth, inflation, and unemployment from 1988 to 2018. The data analysis technique uses Vector Autoregressive (VAR). The result showed that oil price fluctuations in the amount of one standard deviation will gives a positive influence to economic growth, inflation rate, and unemployment which each has 0,001 percent, 0,001 percent, and 0,002 percent.Keyword : World Oil Prices, Economic Growth, Inflation, and Unemployment Abstrak Tujuan dari penelitian ini adalah untuk mengetahui bagaimana pengaruh fluktuasi harga minyak dunia terhadap variabel makroekonomi Indonesia yaitu pertumbuhan ekonomi, inflasi, dan angka pengangguran dari tahun 1988 sampai dengan 2018. Teknik analisis data menggunaan Vector Autoregression (VAR). Hasil analisis menunjukkan bahwa guncangan yang terjadi pada fluktuasi harga minyak dunia sebesar satu standar deviasi akan memberikan pengaruh positif terhadap pertumbuhan ekonomi, inflasi serta pengangguran yaitu masing-masing sebesar 0,001 persen, 0,001 persen, dan 0,002 persen.Kata Kunci : Harga Minyak Dunia, Pertumbuhan Ekonomi, Inflasi, dan Pengangguran

scholarly journals The relationship between renewable energy and sustainable development in Indonesia

2021 ◽  
Vol 922 (1) ◽  
pp. 012034
Author(s):  
G Syamni ◽  
Wardhiah ◽  
Zulkifli ◽  
M J A Siregar ◽  
Y A Sitepu
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Renewable Energy Sources ◽  
Secondary Data ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Short And Long Term ◽  
The Relationship ◽  
Positive Effect

Abstract This paper is conducted to examine the relationship between the use of renewable energy and FDI in Indonesia. The data used in this study is secondary data that has been published by the World Bank and accessed in www.Data.worldbank.org. periode 2004-2019. The data analysis method used is the autoregressive distributed lag (ARDL) method. The results of the study found that the use of renewable energy in the short and long term has a positive effect on Indonesia’s economic growth. Meanwhile, the same thing is also shown from the FDI variable in the short term and long term which has a significant positive effect on economic growth and has a positive effect on economic growth. Finally, with this finding, it is concluded that both the short and long term the Indonesian government needs to make a breakthrough to explore renewable energy sources for economic growth.

scholarly journals The Role and Impact of Remittances on the Economic Growth - Kosovo Case Study

2016 ◽  
Vol 4 (2) ◽  
pp. 61
Author(s):  
MSc. Jeton Zogjani ◽  
Dr.Sc. Myrvete Badivuku-Pantina
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Inflation Rate ◽  
Negative Impact ◽  
Secondary Data ◽  
Research Paper ◽  
Real Effective Exchange Rate ◽  
Coefficient Of Determination ◽  
The Impact ◽  
Watson Statistic

In this research paper the role and impact of remittances on the economic growth of Kosovo in the recent years (2008 - 2013) through remittances, inflation rate, real effective exchange rate (REER) as independent variables and economic growth as depend variable is analyzed. The secondary data are used which are taken from international and domestic institutions which are analyzed through STATA software (an econometric and statistical program).The reason for writing is that in 2013 the total value of remittances in Kosovo was 620.8 million € and in 2011 Kosovo was among the top 10 countries with the highest level of remittances. The main arguments used in this research paper are: how do remittances affect in overall the economy? What is the impact of remittances on businesses? How do we use it for family consumption? In the research methodology are used secondary data and all of them are analyzed by STATA software which helps in calculation of OLS method of regression, descriptive statistic and correlation matrix.Also this paper research findings show us that if we refer to the result of variables that are included in the paper though OLS methods, the remittances (β1= - 0.017) and the exchange rate (β3= - 0.322) have negative impact and nonsignificant (T < 2) effect on economic growth but the inflation rate has positive (β2= 0.245) and significant (T > 2) effect on economic growth and the coefficient of determination (R²) is 84% then the coefficient of Durbin Watson Statistic (DW) is 2.11, it means there is no autocorrelation.

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