The effect of export import, inflation, interest rates, and exchange rates against Indonesia's economic growth
Keywords:
economic growth, exchange rate, export-import, inflation, interest rateAbstract
The research aims to know (a). Effect of export and import (b). Inflation (c). Interest rate (d). Exchange rate to Indonesia's economic growth. The research method uses a quantitative approach, in explaining the relationship between the variables studied. Data collection techniques through questionnaires, interviews, tests, observations, inventories, rating scales, documentation studies. The results of the study can be concluded simultaneously, namely: (1). import export variable, (b). inflation variable, (c). interest rate variable (d). Exchange rate variables. On Indonesia's foreign exchange reserves and its implications for simultaneous economic growth. Then partially all variables have a positive and significant effect on foreign exchange reserves except for the investment variable.
Downloads
References
Agustina, R. (2014). Impor, Nilai Tukar Rupiah, dan Tingkat Inflasi terhadap Cadangan Devisa Indonesia. Import, Rupiah Exchange Rate, and Inflation Rate on Indonesia Foreign Exchange Reserves). JWEM STIE MIKROSKIL. Jurnal Wira Ekonomi Mikroskil, 4(2).
Bodie, Z., Kane, A., & Marcus, A. J. (2014). Manajemen Portofolio dan Investasi. Salemba Empat: Jakarta.
Chen, H. (2006). Development of financial intermediation and economic growth: The Chinese experience. China Economic Review, 17(4), 347-362. https://doi.org/10.1016/j.chieco.2006.01.001
Dilliana, S. M., Gayatri, G., Ratnadi, N. M. D., & Wirajaya, I. G. A. (2019). Regional Financial Performance Mediates the Effect of Regional Balance Funds and Expenditures on Economic Growth. International Research Journal of Management, IT and Social Sciences, 6(6), 164-171.
Faust, J., & Wright, J. H. (2013). Forecasting inflation. In Handbook of economic forecasting (Vol. 2, pp. 2-56). Elsevier. https://doi.org/10.1016/B978-0-444-53683-9.00001-3
Ghozali, I. (2016). Multivariate analysis application with IBM SPSS 23 program. Semarang: Diponegoro University Publishing Agency.
Gujarati, D. (2006). Fundamentals of Econometrics. Penerbit Erlangga, Jakarta.
Jogiyanto, H. M. (2010). Studi Peristiwa: Menguji Reaksi Pasar Modal Akibat Suatu Peristiwa. Edisi Pertama, BPFE, Yogyakarta.
Kasahara, H., & Lapham, B. (2013). Productivity and the decision to import and export: Theory and evidence. Journal of international Economics, 89(2), 297-316. https://doi.org/10.1016/j.jinteco.2012.08.005
Kewal, SS (2012). The effect of inflation, interest rates, exchange rates, and GDP growth on the composite stock price index. Journal of economia, 8 (1), 53-64.
Kuncoro, M. (2011). The Global Economic Crisis and Its Impact on Indonesia’s Education. Journal of Indonesian Economy and Business, 26(1), 47-63.
Lane, P. R. (1997). Inflation in open economies. Journal of International Economics, 42(3-4), 327-347. https://doi.org/10.1016/S0022-1996(96)01442-0
Maharani, K., & Isnowati, S. (2014). A study of investment, government spending, labor and economic openness to economic growth in Central Java Province. Journal of Business and Economics, 21(1).
Mentari, N. M. I., & Artini, L. G. S. (2019). Market Reaction as an Impact of Announcement Increase Fed Interest Rate in Asian and European Area. International Research Journal of Management, IT and Social Sciences, 6(5), 210-217.
Nazir, M. (2005). Research Methodology. Jakarta: Ghalia Indonesia.
Ramos, F. F. R. (2001). Exports, imports, and economic growth in Portugal: evidence from causality and cointegration analysis. Economic modelling, 18(4), 613-623. https://doi.org/10.1016/S0264-9993(00)00055-9
Rudebusch, G. D. (1995). Federal Reserve interest rate targeting, rational expectations, and the term structure. Journal of monetary Economics, 35(2), 245-274. https://doi.org/10.1016/0304-3932(95)01190-Y
Sack, B., & Wieland, V. (2000). Interest-rate smoothing and optimal monetary policy: a review of recent empirical evidence. Journal of Economics and Business, 52(1-2), 205-228. https://doi.org/10.1016/S0148-6195(99)00030-2
Samsul, M. (2006). Capital markets and portfolio management. Jakarta: Erlangga.
Samuelson, P. A., & Nordhaus, W. D. (2010). Economics.
Sharma, C., & Mishra, R. K. (2015). International trade and performance of firms: Unraveling export, import and productivity puzzle. The Quarterly Review of Economics and Finance, 57, 61-74. https://doi.org/10.1016/j.qref.2015.02.001
Sugiyono. (2018). Quantitative, Qualitative and R&D Research Methods. Bandung: Alphabeta.
Sukirno, S. (2011). Introduction to Macroeconomic Theory. Jakarta: PT. King Grafindo Persada.
Suryana, H. (2000). Economics of human resources. Salemba Empat Publisher. Jakarta.
Tambunan, T. (2011). The Indonesian economy theoretical studies and empirical analysis. Bogor: Ghalia Indonesia.
Todaro, M. P., & Smith, S. C. (2006). Economic development 8th edition. Manila, Philippines: Pearson South Asia Pte. Ltd.
Vilasuso, J. (2002). Forecasting exchange rate volatility. Economics Letters, 76(1), 59-64. https://doi.org/10.1016/S0165-1765(02)00036-8
Zhao, H. (2010). Dynamic relationship between exchange rate and stock price: Evidence from China. Research in International Business and Finance, 24(2), 103-112. https://doi.org/10.1016/j.ribaf.2009.09.001
Published
How to Cite
Issue
Section
Copyright (c) 2021 International journal of business, economics & management
![Creative Commons License](http://i.creativecommons.org/l/by-nc-nd/4.0/88x31.png)
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Articles published in the International Journal of Business, Economics & Management (IJBEM) are available under Creative Commons Attribution Non-Commercial No Derivatives Licence (CC BY-NC-ND 4.0). Authors retain copyright in their work and grant IJBEM right of first publication under CC BY-NC-ND 4.0. Users have the right to read, download, copy, distribute, print, search, or link to the full texts of articles in this journal, and to use them for any other lawful purpose.
Articles published in IJBEM can be copied, communicated and shared in their published form for non-commercial purposes provided full attribution is given to the author and the journal. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.