Analysis of Economic Growth in Indonesia Using the Error Correction Model
Abstract
This research was conducted to look at the influence of foreign debt, savings, domestic loans and total factors of production on economic growth in Indonesia in the long term and short term using the error correction model (ECM) method. The results of the simultaneous test (F-test) of all independent variables have an influence on the dependent variable in the short term and long term. Foreign debt (X1) partially in the short term has no effect on economic growth in Indonesia and in the long term it does. Savings (X2) partially in the short term have no effect on economic growth in Indonesia and in the long term they do. Domestic loans (X3) partially in the short term and in the long term have no effect on economic growth in Indonesia. Total production factors (X4) partially in the short term and long term have a negative effect on economic growth in Indonesia.
References
Aris Munandar. (2017 ). Analisis Regresi Data Panel Pada Pertumbuhan Ekonomi Di Negara-Negara Asia”. Jurnal Ilmiah Ekonomi Global Masa Kini, , Vol 8, No 01.
Case, Karl E. dan Fair, Ray C. (2008). Prinsip-prinsip Ekonomi. Jakarta: Erlangga.
Dornbusch, Rudiger dkk. (2008). Makroekonomi, Edisi Bahasa Indonesia. Jakarta. Grasindo.
Elly Suryani. (2006) “Analisis Total Faktor Produktivitas dan Pertumbuhan Ekonomi Sumatra Selatan”. Jurnal Ekonomi Pembangunans, Vol. 4, No.2:93-105.
Ghozali, Imam dan Dwi Ratmono. (2018). Analisis Multivariate dan Ekonometrika Teori, Konsep dan Aplikai dengan Eviews 10, Edisi 2. Semarang: Badan Penerbit UNDIP,
Indra Suhendra dan Dita Ayu Irawati. (2016) “Pengaruh Tabungan, Pengeluaran Pemerintah dan Investasi Swasta Terhadap Pertumbuhan ekonomi Di Indonesia”. JEQU, , Vol 6, No. 2:256-275.
Jhingan, ML. (2010). Ekonomi Pembangunan dan Perencanaan. Jakarta. PT Raja Geafindo.
Mankiw, N. Gregory. (2007). Makro Ekonomi. Jakarta: Erlangga.
Muflihul Khair dan Bahrul Ulum Rusydi. (2016) “Analisis Pengaruh Utang Luar Negeri (Foreign Debt) dan Penanaman Modal Asing (PMA) Terhadap Nilai Pertumbuhan ekonomi (PDB) Indonesia”. ECCES, ,Vol. 3, No 1:82.
Nachrowi, D Nachrowi dan Hardius Usman. (2006). Pendekatan Propuler dan Praktis Ekonometrika Untuk Analisis Ekonomi dan Keuangan. Jakarta. Lembaga Penerbit FE UI.
Prasetyo, Eko. (2011). Fundamental Makro Ekonomi. Yogyakarta: Beta Ofset.
Rosita Mellani Dewi. (2014) “Total Factor Produktivity (TFP) Perkembangan Teknologi PDB Sektor Industri Kreatif Indonesia”. journal.ummgl.ac.id.
Sadono, Sukirno. (2010). Makro Ekonomi. Jakarta: Raja Grasindo Perseda.
Sugiyono. (2016). Metode Penelitian Kuantitatif dan Kualitatif . Penerbit Alfabeta, Bandung.
Widarjono, Agus. (2013). Ekonometrika Pengantar dan Aplikasi, Edisi Keempat Disertai Panduan Eviews. Yogyakarta. UPP STIM YKPN.
