The Relationship between Inflation, Exchange Rates, Non-Oil and Gas Exports and Economic Growth in Indonesia
1Dian Erni Novitasari, 2Tony Seno Aji
1,2Undergraduate Program in Economics, Faculty of Economics and Business, State University of Surabaya
https://doi.org/10.47191/jefms/v6-i11-27ABSTRACT:
Economic growth in Indonesia is still said to be fluctuating with lots factors involved contribute to increasing economic growth. The economic conditions from the monetary crisis to the COVID-19 pandemic show this the economy in Indonesia is still in level intermediate. Sectors that play a role in enhancement growth economy like activity trading international become support in growth economy. So that study this done for now is there is connection between inflation, exchange rate, non- oil and gas exports and growth economy in Indonesia. This research use approach quantitative with use VECM analysis. This research uses secondary data from Indonesian Central Statistics Agency (BPS) and World Bank. Based on study this obtained results that in period short growth economy year then influence level inflation moment this. Whereas in period long, inflation influential negative significant to growth economy, non- oil and gas exports influence no significant to growth economy and exchange rate influential significant to growth economy. In matter this required role government for relieve problem and increase sectors indicated for donate economy, so growth the economy in Indonesia does not only fluctuating will but keep going increase each the year.
KEYWORDS:
Economic Growth, Inflation, Non-Oil and Gas Exports, Exchange Rate, VECM
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