scholarly journals Does Foreign Debt have an Impact on Indonesia's Foreign Exchange Reserves?

2021 ◽  
Vol 16 (1) ◽  
pp. 85
Author(s):  
Dewi Mahrani Rangkuty ◽  
Muhammad Hidayat
Keyword(s):  
International Trade ◽  
Foreign Exchange ◽  
Time Series Data ◽  
Emerging Market ◽  
Foreign Debt ◽  
Least Square ◽  
Series Data ◽  
Foreign Exchange Reserves ◽  
Consumption Expenditures ◽  
The Government

Indonesia as one of the emerging market countries’ utilization of external resources of foreign debt to a boost in increasing economic growth in addition to international trade that supports accelerated growth Economy. Using time-series data of the period 1988-2017 and using the simultaneous approach of Two-Stage Least Square (TSLS), the research results find out and showed that the foreign debt and reserves have a two-way relationship. The study findings that macroeconomic variables of significant investment affect foreign debt and consumption expenditures significantly affect foreign exchange reserves. It as a basic contributor to monetary policymaking by the government in reducing foreign debt by utilizing investment in sustainable economic development and improving the performance of international trade net exports as well as public consumption expenditures thus supporting the acceleration in increasing foreign exchange reserves.

scholarly journals ANALISIS FAKTOR PENENTU INDEKS HARGA SAHAM GABUNGAN DI INDONESIA

2019 ◽  
Vol 1 (4) ◽  
pp. 37
Author(s):  
Yulizar Fikri ◽  
Ali Anis
Keyword(s):  
Economic Growth ◽  
Foreign Exchange ◽  
Stock Price ◽  
Price Index ◽  
Time Series Data ◽  
Secondary Data ◽  
Coefficient Of Determination ◽  
Series Data ◽  
Foreign Exchange Reserves ◽  
Stock Price Index

This study aims to determine the analysis of the determinants of the composite stock price index in Indonesia. The independent variables in this study are inflation as X1, foreign exchange reserves as X2, exchange rates as X3, and economic growth as X4, and the dependent variable of the composite stock price index as Y. The data used are secondary data in the formof time series data from 2010Q1 until 2019Q2, with data collection techniques, namely documentation from Bank Indonesia publications, the Central Statistics Agency, investing. comsite and library research. The research methods used are: (1) Multiple Linear Regression, (2) Classical Assumption Test (3) coefficient of determination. The results of this study indicate that:(1) inflation does not significantly influence the composite stock price index. (2) foreign exchange reserves have a significant positive effect on the composite stock price index. (3) the rupiah exchange rate has an influence on the composite stock price index and (4) economic growth hasno significant effect on the composite stock price index.

scholarly journals Factors affecting the import of soybean in Indonesia

2020 ◽  
Vol 8 (5) ◽  
pp. 523-530
Author(s):  
Adlaida Malik ◽  
Saidin Nainggolan
Keyword(s):  
Direct Effect ◽  
Time Series Data ◽  
Partial Least Square ◽  
Least Square ◽  
Series Data ◽  
Soybean Production ◽  
Macroeconomic Conditions ◽  
Production And Consumption ◽  
The Republic ◽  
The Government

As an agricultural country, Indonesia still imports soybeans to meet domestic soybean needs. The gap between national soybean production and consumption causes the government to import. Based on this, this study aims to analyze the factors that influence soybean imports in Indonesia. The data used are time series data for the period 2003-2018. Data is sourced from the Food and Agriculture Organization (FAO), United Nations International Trade Statistics Database (UN COMTRADE), the Central Bureau of Statistics of the Republic of Indonesia, World Bank, Bank Indonesia, and the Ministry of Trade of the Republic of Indonesia. The analysis method uses SEM-Partial Least Square (PLS). The results showed that the macroeconomic conditions directly affect soybean production and consumption. On the other hand, consumption has a direct effect, but production has no direct effect on soybean imports. Macroeconomic conditions do not have a direct effect on soybean imports. Nevertheless, the total effect (combined direct and indirect effects) is significant from macroeconomic conditions on soybean imports.

scholarly journals Pengaruh ekspor, utang luar negeri, neraca transaksi berjalan dan neraca transaksi modal terhadap cadangan devisa di Indonesia

2020 ◽  
Vol 8 (1) ◽  
pp. 43-54
Author(s):  
Graselita Aritonang ◽  
Amril Amril ◽  
Zulgani Zulgani
Keyword(s):  
Foreign Exchange ◽  
Current Account ◽  
Descriptive Analysis ◽  
Foreign Debt ◽  
Multiple Regression Model ◽  
Least Square ◽  
Coefficient Of Determination ◽  
Current Account Balance ◽  
Capital Account ◽  
Foreign Exchange Reserves

The purpose of this study is to (1) see the description of Indonesia's foreign exchange reserves, exports, foreign debt, current account balance, and capital account balance for the period 1998-2017. (2) analyze the effect of exports, foreign debt, current account balance, and capital account balance on Indonesia's foreign exchange reserves. The method used in this research is quantitative descriptive analysis with multiple regression model analysis using the Ordinary Least Square (OLS) method. The results of this study show that the average development of Indonesia's foreign exchange reserves is 11.87 percent, exports are 7.38 percent, foreign debt is 4.51 percent, the current account balance is 514.89 percent and the capital account balance is 66.92 percent. Based on the results of the analysis carried out by exports, foreign debt, current account balance, and capital account have a positive and significant effect on foreign exchange reserves with a coefficient of determination of 98.37 percent. Keywords: Foreign exchange, export, Foreign debt, Current account, Capital account

scholarly journals PENGARUH SUBSIDI BBM TERHADAP IMPOR MINYAK BUMI PERIODE 1980 – 2013

2017 ◽  
Vol 18 (1) ◽  
pp. 30
Author(s):  
Riwi Sumantyo ◽  
Puji Lestari
Keyword(s):  
Time Series ◽  
Exchange Rate ◽  
Time Series Data ◽  
Data Use ◽  
Series Data ◽  
Foreign Exchange Reserves ◽  
Independent Variables ◽  
Fuel Subsidies ◽  
The Exchange Rate ◽  
The Government

The study on the effect of fuel subsidies toward oil import is a controversial topicdiscussions. This study will explore the effect of fuel subsidies on oil import by addingseveral independent variables, consist of; the number of vehichles, the exchange rateand inflation. Data use time series data from 1980-2013. The tool of analyze is OrdinaryLeast Squares Method (OLS).Based on the results show that the simultaneous testexplains that the fuel subsidies, the number of vehichles, the exchange rate, and inflationhave a significant effect on oil import. However partially, the variables of fuel subsidies,the number of vehichles, and the exchange rate have a positive and significant effecton oil import. Inflation does not affect on oil import. The coefficient of determinationuses Adjusted R-square test is about 98%. The implication of this study is governmentscan increase oil production Indonesia. The government should facilitate the licensing ofinvestment and rejuvenate the old oil wells. It aims to reduce Indonesia dependence onoil import so that it can save foreign exchange reserves.

scholarly journals Education Equality and Economic Growth in Indonesia

JEJAK ◽  
2021 ◽  
Vol 14 (1) ◽  
pp. 167-182
Author(s):  
Ambuy Sabur ◽  
Khusaini Khusaini ◽  
Heni Cahya Ramdani
Keyword(s):  
Economic Growth ◽  
Income Inequality ◽  
Dynamic Models ◽  
Time Series Data ◽  
Least Square ◽  
Series Data ◽  
Education Equality ◽  
Investment Capital ◽  
The Government ◽  
Equality In Education

Last decade, Indonesia's economic growth experienced a downward trend. The study examines the role of investment, equality in education, poverty, income inequality, and regime to economic growth in Indonesia. We used time-series data between 1970-2017. It was obtained from BPS and World Bank (Indodapur) publications. The model used is the Weighted Least Square Regression (WLS). The results showed the factors that contributed significantly to increasing Indonesia's economic growth were education equality, poverty, and income inequality. While investment/capital, economic transparency, and the regime did not significantly contribute to increasing economic growth. Expanding access to education for high school or equivalent is important by the Government, including the development of school infrastructure in remote areas and teacher distribution. The Government should maintain the poverty trend that continues to decline. The future study dynamic models look at the long-term relationships related to education equality, distribution of income, and poverty on economic growth.

scholarly journals Determinants of Pakistan’s Exports: An Econometric Analysis

2018 ◽  
Vol 21 (3) ◽  
pp. 95-108
Author(s):  
Arshad Ullah Jadoon ◽  
Yangda Guang ◽  
Anwar Ahmad ◽  
Sajad Ali
Keyword(s):  
Foreign Direct Investment ◽  
Gross Domestic Product ◽  
Direct Investment ◽  
Time Series Data ◽  
Domestic Product ◽  
Series Data ◽  
Employment Level ◽  
Consumption Expenditures ◽  
Long Run ◽  
The Government

The research investigated the determinants of Pakistan’s exports by using time series data from 1990–2016. Certain econometric tests were also applied to check cointegration among variables. A unit root test was used to check the stationarity of selected variables. After the stationarity of the data, a vector error correction model is used to estimate the effect of regressors, like foreign direct investment, gross domestic product, employment level, and consumption expenditures on a dependent variable, i.e. exports in the short run. The result shows the positive relationships that foreign direct investment, gross domestic product and employment level have on exports, and the adverse impact of consumption expenditures on the dependent variable. The study uses Johansen’s cointegration test for the long run. The results show that all the variables are co‑integrated in the long run. It is suggested that the government should encourage foreign direct investment and gross domestic product, which would help accelerate Pakistan’s exports. It is also suggested that whenever policymakers provide a trade policy, in particular, in relation to exports, then the adverse effect of exchange rate depreciation, external debt burdens, taxes, sanctions and protectionism should be quantified, and necessary measures be suggested so as to minimize any repercussions.

scholarly journals Role of entrepreneurial activities for Nigeria’s economic recovery and growth (a case of studying Nigerian enterprises)

2021 ◽  
Vol 2021 (3) ◽  
pp. 77-87
Author(s):  
Chinazor Franca Obi
Keyword(s):  
Time Series Data ◽  
Positive Impact ◽  
Explanatory Power ◽  
Test Procedure ◽  
Least Square ◽  
Economic Recovery ◽  
Series Data ◽  
Johansen Cointegration Test ◽  
The Government ◽  
Entrepreneurial Activities

The paper presents the empirical analysis of the effect of entrepreneurship activity on the economic recovery and growth using SMEs in Nigeria. Two cities from each of the six geopolitical zones and four sectors of the economy were selected for the study. The total number of the selected four sectors form the population of the study while the sample size is seven hundred and twenty. The analysis employs the Ordinary Least Square techniques and time-series data for the economic recovery. The study adopts the Phillips-Perron test procedure to examine the stationarity of the study variables. The Johansen Cointegration test was employed to establish the cointegration of the variables and the unrestricted Error Correction Model was used to examine the speed of the alteration to the equilibrium. It has been inferred that the entrepreneurship activity and ERG are integrated of order (1(0)). This is established by the explanatory power of the models result of R value of 0.274 and R2 approximated to 0.075. The result shows a low positive impact of entrepreneurial activities on ERG. The study proves that, despite the crash in oil industry, the entrepreneurship has contributed positively to the Nigerian economy although at a low level. The study suggests that the government should support the development of entrepreneurship

Reexamine the Impacts of Education Expenditure, Capital Formation, Human Capital and Expert Labor on Malaysian Economic Growth

2021 ◽  
Vol 12 (3) ◽  
pp. 761-767
Author(s):  
Emilda Hashim Et.al
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Time Series Data ◽  
Government Expenditure ◽  
Capital Formation ◽  
Observation Time ◽  
Least Square ◽  
Series Data ◽  
Education Expenditure ◽  
The Government

This study aims to reexamine the relationships between selected macroeconomic variables, especially the expenditure on education, on growth of Malaysian economy. Specifically, the exogenous variables in this study comprise of government education expenditure, investment, human capital and expert labor. For analysis purpose, this study adopts the time series data from 1988 until 2018. The estimated model is developed by employing ordinary least square technique (OLS). Outcome of this study discloses that human capital is the most crucial variable in elucidating Malaysian economic growth in the long term. Additionally, the study findings affirm that the government expenditure on education and capital formation are second and third outstanding variables in clarifying the economic growth in the observation time frame, respectively. Surprisingly, this particular study discovers that labor force expertise is irrelevant in influencing economic growth for Malaysia case. Consequently, the results of this study are parallel with other previous studies, especially on the roles that have been played by all variables aforementioned above. Albeit insignificant, expert labor still gives little impact to Malaysia’s economic growth at 10% confidence level. The reason being, as a high middle income country, human capital has more profound effect in promoting economic growth in Malaysia due to its ability to generate remarkably higher productivity for the nation compares to expert labor factor. For future study, further dynamic analysis is needed to prove the variables’ relationships in the short and long terms.

Export Trend of Ready Made Garments (RMG) Sector of Bangladesh

2021 ◽  
Vol 13 (1) ◽  
pp. 101-110
Author(s):  
M. S. Hossain ◽  
M. T. Uddin
Keyword(s):  
Growth Rate ◽  
Time Series ◽  
Gross Domestic Product ◽  
Foreign Exchange ◽  
Time Series Data ◽  
Series Data ◽  
Upward Trend ◽  
Trend Model ◽  
Significant Upward Trend ◽  
The Government

Ready-Made Garments (RMG) sector has greater importance than any other sector in Bangladesh in terms of growth, employment, foreign exchange earnings and Gross Domestic Product (GDP). The objective of this study is to determine the export trend of the RMG sector in Bangladesh by using different trend models. To serve the objectives of the study, time-series data of RMG sectors has been used for the period 1985-2018. Among several trend models, the Semi-log Parabolic Trend model is found to be the best-fitted model for determining the trend of RMG exports. From the empirical results of the study, it is observed that RMG exports have a significant upward trend for the period 1985-2018 with a growth rate of 8.76 % in 2018. The forecasted RMG export will be nearly 31712.82 million USD in the financial year 2022-23. The findings of the study will help the government, NGO’s and policymakers to undertake necessary steps for the progress of this sector.

scholarly journals DAMPAK KEBIJAKAN EKSPANSIF PEMERINTAH MELALUI TUNJANGAN PRESTASI KERJA (TPK) TERHADAP PERMINTAAN AGREGAT DAN INFLASI

2017 ◽  
Vol 3 (1) ◽  
pp. 70-84
Author(s):  
Ery Jayanti
Keyword(s):  
Time Series ◽  
Work Performance ◽  
Time Series Data ◽  
Research Question ◽  
Aggregate Demand ◽  
Provincial Government ◽  
Least Square ◽  
Series Data ◽  
Monthly Data ◽  
The Government

The study aimed to investigate how the effects of expansionary policies of the government through the provision of work performance benefits in the provincial government of Aceh on Aggregate Demand and Inflation. This study was conducted by using time series data for the period Januari 2010- april 2016, which is implemented in the monthly data sourced from Aceh Province Budget (DKA - ACEH), the Central Statistics Agency of Aceh (BPS-Aceh) and Bank Indonesia in Regional Financial Statistics Indicators and other institutions related to the research question. The method used was descriptive quantitative method by using Multiple Linier Regresion analysis model (OLS). This study used secondary data from Januari 2010 to april 2016. The data used was monthly data by the number of samples as many as76 months. The Results showed that there was significant effect between the expansionary policies of the government and aggregate demand, but inflation, no significally meaning that work performance insentive of the staff of the local government in Aceh would not affect. Then Fiscal Ekspansive policy implementation to do.Penelitian ini ingin melihat bagaimana pengaruh kebijakan ekspansif pemerintah melalui pemberian tunjangan prestasi kerja di Lingkungan pemerintahan Provinsi Aceh terhadap Permintaan Agregat dan Inflasi. Penelitian ini dilakukan dengan menggunakan data time series pada periode Januari 2010- April 2015, diimplementasi dalam data bulanan bersumber dari Dana Keuangan Provinsi Aceh (DKA - ACEH), Badan Pusat Statistik (BPS-Aceh) dan Bank Indonesia dalam Indikator Statistik Keuangan Daerah . Metode yang digunakan adalah Metode kuantitatif deskriptif dengan menggunakan Ordinary Least Square (OLS). Penelitian ini menggunakan data sekunder dari tahun Januari 2010 – April 2015, dengan jumlah Sampel sebanyak 76 bulan. Hasil penelitian melalui uji estimasi menunjukkan permintaan agregat secara signifikan dipengaruhi oleh pengeluaran pemerintah melalui pemberian Tunjangan Prestasi Kerja (TPK),secara positif dalam jangka panjang, Untuk variabel pengeluaran pemerintah dalam hal ini tunjangan prestasi kerja tidak berpengaruh terhadap inflasi. kesimpulannya kebijakan ekspansif ini masih bisa dijalankan.

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