The Effect Of The Ratio Of The Money Supply, The Ratio Of Bank Credit, And The Ratio Of Domestic Savings To Economic Growth In Malaysia

The purpose of this study was to determine the effect of the money supply ratio, bank credit ratio, and domestic saving ratio on economic growth. both in the short and long term. Empirically, this study uses secondary data in the form of quarterly data during the 2008 - 2018 period with the Error Correction Model (ECM) method. We find that the money supply ratio, bank credit ratio, and domestic saving ratio have a positive and significant effect on economic growth in Malaysia.

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The relationship between renewable energy and sustainable development in Indonesia

IOP Conference Series Earth and Environmental Science ◽

10.1088/1755-1315/922/1/012034 ◽

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.

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Strengthening Indonesia's Economic Growth with Islamic and non-Islamic Macroeconomic Variable

Economica Jurnal Ekonomi Islam ◽

10.21580/economica.2020.11.1.4907 ◽

2020 ◽

Vol 11 (1) ◽

pp. 107-128

Author(s):

Eba Ismi Alifah ◽

Anton Bawono

Keyword(s):

Economic Growth ◽

Error Correction ◽

Foreign Debt ◽

Error Correction Model ◽

Correction Model ◽

Islamic Bank ◽

Short And Long Term ◽

The Government ◽

Autoregressive Conditional Heteroscedasticity

Abstract: This research was conducted to determine the effect of taxes, Sukuk, grants, inflation, foreign debt, total financing, and the network of Islamic bank offices on Indonesia's economic growth. Research data for each variable is monthly from 2009-2018. Data analysis variables use Error Correction Model (ECM) Test and Autoregressive Conditional Heteroscedasticity (ARCH) Test with Eviews ver.10. The results showed that in the short and long term, variables taxes, Sukuk, inflation, foreign debt, total financing, and office networks of Islamic banks) affected the Indonesian economic growth. At the same time, grants have no significant effect on economic growth. For variable predictions in the next year (2019), only economic growth, grants, inflation, foreign debt, and network of Islamic bank offices can be predicted. Meanwhile, taxes, Sukuk, and total financing cannot be identified in 2019 because the variables are not significant in the ARCH analysis, so it cannot be diagnosed about future values. This result implies that the government and the community must continue to work together to manage state revenues used to fund productive projects to stimulate economic growth.Abstrak: Penelitian ini dilakukan untuk mengetahui pengaruh pajak, sukuk negara, hibah, inflasi, utang luar negeri, jumlah pembiayaan dan jaringan kantor bank syariah terhadap pertumbuhan ekonomi Indonesia. Data penelitian setiap variabel berupa bulanan dari tahun 2009-2018. Uji variabel penelitian menggunakan Uji Error Correction Model (ECM) dan Uji ARCH menggunakan Eviews ver.10. Hasil penelitian menunjukkan bahwa dalam jangka pendek maupun jangka panjang, variabel pajak, sukuk negara, inflasi, utang luar negeri, jumlah pembiayaan dan jaringan kantor bank syariah berpengaruh signifikan terhadap pertumbuhan ekonomi Indonesia. Sedangkan variabel hibah tidak berpengaruh secara signifikan terhadap pertumbuhan ekonomi. Untuk prediksi variabel di tahun berikutnya (tahun 2019), hanya variabel pertumbuhan ekonomi, hibah, inflasi, utang luar negeri dan jumlah jaringan kantor bank syariah yang dapat diprediksi, sedangkan pajak, sukuk negara, dan jumlah pembiayaan tidak dapat diketahui nilai perkembangannya di tahun 2019 karena variabel tersebut tidak signifikan pada analisis ARCH. Sehingga tidak dapat di diagnosa dalam bentuk ARCH untuk dilakukan forecast data agar diketahui tentang nilai di masa yang akan datang. Implikasi dari temuan ini adalah diperlukan upaya yang berkesinambungan dari pemerintah dan masyarakat dalam mengelola penerimaan negara yang dimanfaatkan untuk mendanai proyek yang produktif sehingga dapat mempercepat pertumbuhan ekonomi.

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PENGARUH HUTANG LUAR NEGERI, PENANAMAN MODAL ASING, DAN TABUNGAN DOMESTIK TERHADAP PERTUMBUHAN EKONOMI INDONESIA (1976 - 2000)

Jurnal Ekonomi Pembangunan Kajian Masalah Ekonomi dan Pembangunan ◽

10.23917/jep.v6i1.4005 ◽

2017 ◽

Vol 6 (1) ◽

pp. 12

Author(s):

Basuki Rahmad ◽

Yuni Prihadi Utomo

Keyword(s):

Economic Development ◽

Secondary Data ◽

Domestic Saving ◽

Regression Equations ◽

Financial Reports ◽

Correction Model ◽

International Debt ◽

Funding Sources ◽

Analysis Instrument

Indonesian economic development along with economic growth needs sustainable development funding sources. This research examines the effect of developmental funding sources such as international debt, foreign investment, and domestic saving toward the development of Indonesian economy.The analysis instrument of the research is double linier regression with ECM model (Error Correction Model). ECM model is an econometric model that can be used to search for regression equations of short term and long-term balance. The data employed are data time series gathered with annual method starting from 1976 to 2000. These data are a secondary data obtained from the financial reports of Indonesian Bank and Statistics Center Agency. Furthermore, to reveal whether the estimation result can be trusted, the researcher performs classical assumption test and statistical test. The analysis result shows that the three factors of funding source for economic development above have significant effect toward the growth of Indonesian economy.

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Analisis Faktor – Faktor yang Mempengaruhi Risiko Likuiditas

Journal of Education, Humaniora and Social Sciences (JEHSS) ◽

10.34007/jehss.v4i1.664 ◽

2021 ◽

Vol 4 (1) ◽

pp. 330-339

Author(s):

Dahrul Siregar

Keyword(s):

Significant Relationship ◽

Financial Services ◽

Liquidity Risk ◽

Secondary Data ◽

Analysis Model ◽

Correction Model ◽

Descriptive Research ◽

Short And Long Term ◽

Conventional Banks

Liquidity risk is the ability of a bank to fulfill a predetermined obligation at maturity. Measurement of liquidity risk can be seen in the short and long term through: DER, FDR, Inflation, NPF. The data used are secondary data based on observations of the liquidity risk of Islamic banks and conventional banks from 2007 to 2016. Data collection is also obtained from the Sharia Banking Statistics Report published by the Financial Services Authority and Bank Indonesia. Descriptive research methods and data analysis techniques using multiple regression analysis model) with the ECM (Error Correction Model) approach. Overall, both the short and long term DER variables on Liquidity Risk show a significant relationship, as well as the FDR variable on Liquidity Risk shows a significant relationship, the inflation variable on liquidity risk shows a significant relationship, the NPF variable on liquidity risk in the short term it shows no significant relationship, on the other hand, the NPF variable on liquidity risk in the long term shows a significant relationship

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INTERAKSI ASPEK PERMODALAN, RISIKO PEMBIAYAAN, DAN INDIKATOR MAKROEKONOMI DALAM MEMPENGARUHI PROFITABILITAS BPRS DI INDONESIA PERIODE 2014-2018

Jurnal Benefita ◽

10.22216/jbe.v5i3.5623 ◽

2020 ◽

Vol 5 (3) ◽

pp. 401

Author(s):

Feri Irawan

Keyword(s):

Economic Growth ◽

Time Series ◽

Error Correction ◽

Error Correction Model ◽

Series Data ◽

Short Term ◽

Correction Model ◽

Long Run ◽

Short And Long Term

ABSTRACTThis study aims to analyze the effect of capital aspects (CAR), financing risk (NPF) and macroeconomic variables including economic growth, inflation and the BI Rate on profitability (ROE) in the short and long term. By using time series data for the monthly period from 2013-2018 and the Error-Correction Model (ECM) and cointegration approach, it is found that CAR and NPF do not have a significant effect on ROE in the short and long term. Economic growth, inflation and the BI Rate in the short term do not have a significant effect on ROE, in the long run economic growth, inflation and the BI Rate have a significant effect on ROE. In the short term, economic growth, inflation and the BI Rate disturb the balance of profitability, but in the long run it returns to its equilibrium level. It is necessary to integrate the BPRS policy strategy in managing capital and risk with government policies related to economic growth and inflation. ABSTRACTPenelitian bertujuan menganalisis pengaruh aspek permodalan (CAR), risiko pembiayaan (NPF) dan variabel makroekonomi yang meliputi pertumbuhan ekonomi, inflasi dam BI Rate terhadap profitabilitas (ROE) dalam jangka pendek dan jangka panjang. Dengan menggunakan data time series periode bulanan dari tahun 2013-2018 dan pendekatan Error-Correction Model (ECM) dan kointegrasi, ditemukan bahwa CAR dan NPF tidak berpengaruh secara signifikan terhadap ROE dalam jangka pendek dan jangka panjang. Pertumbuhan ekonomi, inflasi dan BI Rate dalam jangka pendek tidak berpengaruh signifikan terhadap ROE, dalam jangka panjang pertumbuhan ekonomi, inflasi dan BI Rate berpengaruh signfikan terhadap ROE. Pada jangka pendek, pertumbuhan ekonomi, inflasi dan BI Rate menggangu keseimbangan profitabilitas namun dalam jangka panjang kembali pada tingkat keseimbangannya. Diperlukan pengintegrasi strategi kebijakan BPRS dalam mengelola permodalan dan risiko dengan kebijakan pemerintah terkait dengan pertumbuhan ekonomi dan inflasi.

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PENGARUH E-COMMERCE, INFLASI, DAN NILAI TUKAR TERHADAP PERTUMBUHAN EKONOMI INDONESIA

Jurnal Kajian Ekonomi dan Pembangunan ◽

10.24036/jkep.v2i1.8902 ◽

2020 ◽

Vol 2 (1) ◽

pp. 151

Author(s):

Widya Ayu Lastri ◽

Ali Anis

Keyword(s):

Economic Growth ◽

Exchange Rate ◽

Error Correction ◽

Secondary Data ◽

Term Effect ◽

Short Term ◽

Correction Model ◽

Descriptive Research ◽

Long Term Effect

This Study aims to examine and to analisys the influencing factors on economic growth in Indonesia, which the variables are e-commerce, inflation and exchange rate. This study is associative descriptive research, which using secondary data from 2011Q1-2018Q4 that obtained from relevant institutions and agencies. Analisys using Error Correction Model (ECM) method. This study using Ordinary Lest Square (OLS) method to know the long term effect and ECM to know the short term effect at one blow.The study found that in the long term, e-commerce and exchange rate have a significant effect and inflation have not a significant effect. And in the short term, e-commerce have a positive and significant effect, while inflation and exchange rate have a negative and not significant.

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ANALISIS PENGARUH VARIABEL MAKROEKONOMI TERHADAP INDEKS HARGA SAHAM PROPERTI DAN KEUANGAN DI INDONESIA

Media Ekonomi ◽

10.25105/me.v25i2.5000 ◽

2019 ◽

Vol 25 (2) ◽

pp. 133

Author(s):

Bagas Satrio Wibisono ◽

Dian Octaviani R

Keyword(s):

Exchange Rate ◽

Money Supply ◽

Stock Price ◽

Quantitative Research ◽

Price Index ◽

Correction Model ◽

Macroeconomic Variables ◽

Short And Long Term ◽

Stock Price Index

This research discusses the influence of macroeconomic variables on Property Stock Price Index (IHSProp) and Finance Stock Price Index (IHSKeu). Quantitative research analising an impact of independent variables such as BI rate, Inflation, Money Supply (M2), Exchange Rate (Rp/USD) on dependent variables which are IHSProp and IHSKeu. The data used is monthly data start from 2008: 1 until 2015: 12. The method used in this thesis is Error Correction Model (ECM). The results showed that four macroeconomic variables globally have significant impact on IHSProp and IHSKeu in either short~ and long term. In the short term BI rate significantly influences IHSKeu while exchange rate significantly influences IHSProp and IHSKeu. In the long term, Commodity inflation significantly influences IHSProp. Money Supply significantly influences on IHSProp and IHSKeu. Exchange rate significantly influences on IHSProp and IHSKeu.

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PENGARUH EKSPOR HASIL MINYAK DAN IMPOR MINYAK BUMI TERHADAP PERTUMBUHAN EKONOMI DI INDONESIA

JURNAL EKONOMIKA INDONESIA ◽

10.29103/ekonomika.v10i1.4506 ◽

2021 ◽

Vol 10 (1) ◽

pp. 23

Author(s):

Fadila Arza ◽

Murtala Murtala

Keyword(s):

Economic Growth ◽

Secondary Data ◽

Vector Error Correction Model ◽

Short Term ◽

Correction Model ◽

Vector Error Correction ◽

Vector Error ◽

The Relationship ◽

Positive Effect

This study aims to analyze the effect of oil product exports and petroleum imports on the economic growth of Indonesia. This study uses secondary data. The method used to analyze the relationship between endogenous and exogenous variables is a dynamic model with the Vector Error Correction Model (VECM) approach. The results in the long-term and short-term show that Oil Products Exports have a positive effect on the Economic Growth of Indonesia. In the long-term and short-term, petroleum imports negatively influence the economic growth of Indonesia.Keywords:Oil Product Exports, Crude Oil Imports, Economic Growth

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DOES SUKUK, DOMESTIC INVESTMENT, FOREIGN INVESTMENT, AND INFLATION CONTRIBUTE TO ECONOMIC GROWTH IN INDONESIA?

Jurnal Ekonomi Syariah Teori dan Terapan ◽

10.20473/vol7iss202012pp2375-2384 ◽

2020 ◽

Vol 7 (12) ◽

pp. 2375

Author(s):

Laela Setianingsih ◽

Emy Widyastuti

Keyword(s):

Economic Growth ◽

Foreign Investment ◽

Positive Contribution ◽

Domestic Investment ◽

Short Term ◽

Correction Model ◽

Vector Error Correction ◽

Vector Error ◽

Short And Long Term

ABSTRAKIndikator yang menentukan keberhasilan pembangunan ekonomi adalah pertumbuhan ekonomi. Kemajuan dan kesejahteraan suatu negara dapat dilihat melalui pertumbuhan ekonominya. Pertumbuhan ekonomi Indonesia berfluktuasi setiap tahun dan dipengaruhi oleh banyak faktor. Penelitian ini bertujuan untuk mengetahui kontribusi sukuk jangka pendek dan jangka panjang, penanaman modal dalam negeri, penanaman modal asing, dan inflasi terhadap pertumbuhan ekonomi di Indonesia dari tahun 2011 hingga 2019. Metode yang digunakan dalam penelitian ini adalah Vector Error Correction Model (VECM). Data yang digunakan dalam penelitian ini adalah data sekunder time series dengan periode penelitian triwulanan dari tahun 2011 hingga 2019. Hasil pengujian menunjukkan bahwa variabel sukuk memiliki kontribusi negatif yang tidak signifikan terhadap pertumbuhan ekonomi dalam jangka pendek dan dalam jangka Panjang, sukuk berpengaruh positif signifikan terhadap pertumbuhan ekonomi. Variabel investasi dalam negeri dalam jangka pendek dan jangka panjang memberikan kontribusi positif terhadap pertumbuhan ekonomi. Variabel investasi dalam negeri jangka pendek dan jangka panjang memberikan kontribusi positif yang tidak signifikan terhadap pertumbuhan ekonomi. Dan variabel inflasi memiliki kontribusi yang negatif dan tidak signifikan terhadap pertumbuhan ekonomi dalam jangka pendek dan jangka panjang.Kata Kunci: Sukuk, Penanaman Modal Dalam Negeri, Penanaman Modal Asing, Inflasi, Pertumbuhan Ekonomi. ABSTRACTThe indicator for determining the success of economic development is economic growth. The progress and welfare of a country can be seen through its economic growth. Indonesia’s economic growth fluctuates every year and is influenced by many factors. This study aims to determine the short-term and long-term contributions of Sukuk, domestic investment, foreign investment, and inflation to economic growth in Indonesia from 2011 to 2019. This method used in this research is the Vector Error Correction Model (VECM). The data used in this study are secondary time series data with a quarterly research period from 2011 to 2019. The test results show that the sukuk variable has an insignificant negative contribution to economic growth in the short term and the long term sukuk has a significant positive contribution to economic growth. Domestic investment variables in the short and long term contribute positively to economic growth. The short-term and long-term domestic investment variables have an insignificant positive contribution to economic growth. And the inflation variable has a negative and insignificant contribution to economic growth in the short and long term. Keywords: Sukuk, Domestic Investment, Foreign Investment, Inflation, Economic Growth.

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DETERMINANT OF INDONESIAN MANUFACTURING OUTPUT

Journal of Developing Economies ◽

10.20473/jde.v3i1.8686 ◽

2018 ◽

Vol 3 (1) ◽

pp. 61

Author(s):

Arga Prati Dhina ◽

Wasiaturrahma Wasiaturrahma

Keyword(s):

Economic Growth ◽

Interest Rate ◽

Error Correction ◽

Research Method ◽

Manufacturing Sector ◽

Secondary Data ◽

Short Term ◽

Correction Model

The role of manufacture in Indonesia influence the economic growth. This research aims to observe and analyze influencing factors of manufacturing sector output in Indonesia. The research method used Error Correction Model (ECM) at period 2005 in 1stquartal – 2017 in 4thquartal. This research used secondary data from Statistik Ekonomi dan Keuangan Indonesia (SEKI) and Federal Reserves. The results of the study show that in long term estimation lend interest rate and inflation have negative and significant impact, whereas FDI has positive and significant impact towards manufacturing sector output. Otherwise, in short term estimation show that lend interest rate has negative and significant impact, while inflation and FDI have no significant impact towards manufacturing sector output.

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