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All Journal Formosa Journal of Applied Sciences (FJAS) JUPARITA: Jurnal Pariwisata Tawangmangu
Deva Olivia
STIE Indonesia Banking School
Arts Humanities Control & Systems Engineering Decision Sciences, Operations Research & Management Earth & Planetary Sciences Education Engineering Environmental Science Languange, Linguistic, Communication & Media Social Sciences

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SEBERAPA BESAR PARIWISATA MENDORONG EKONOMI? ANALISIS EMPIRIS TERHADAP PERTUMBUHAN PDB INDONESIA Astriani Puspita Maharani; Catur Diah Ayu Putri Lestari; Deva Olivia; Fasya Febiani; Furkon Ardhani; Ahmad Setiawan Nuraya
Jurnal Pariwisata Tawangmangu Vol 4 No 2 (2026): July 2026
Publisher : Institut Teknologi dan Bisnis Kristen Bukit Pengharapan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61696/juparita.v4i2.1117

Abstract

The tourism sector plays a strategic role in Indonesia's economy as a source of foreign exchange earnings and employment, and a driver of GDP growth. However, increased tourism activity has not been fully followed by a stable increase in its contribution to national economic growth. This study uses a quantitative approach, employing quarterly time-series data for the period 2015Q1–2025Q4 (44 observations). Variables analyzed include GDP growth (Y), foreign-exchange tourism (X1), hotel occupancy rate (X2), and exchange rate (X3). Analysis was conducted using the Vector Error Correction Model (VECM), preceded by ADF stationarity tests and Johansen cointegration tests. The Johansen cointegration test confirms the existence of two long-run equilibrium relationships among the study variables. VECM estimation shows that tourism foreign exchange has a positive and significant effect on GDP growth in the long run (t-statistic = -6.9478), hotel occupancy rate also has a significant positive effect (t-statistic = -2.8341), while the exchange rate is not statistically significant (t-statistic = 0.1857). All three variables jointly show significant long-run relationships with GDP, as confirmed by the two Johansen cointegrating equations. The hotel occupancy rate is the most dominant and consistent variable driving Indonesia’s GDP growth, based on VECM estimation. Foreign exchange from tourism has a positive and significant long-run effect on GDP, consistent with the Tourism-Led Growth Hypothesis. The exchange rate has no significant effect at the 5% level due to inconsistent relationships during the COVID-19 pandemic.
The Impact of Exchange Rate Fluctuations on the Price Stability of Imported Commodities in Indonesia Yehezkiel William Rassi; Deva Olivia; Fathiyya Humairoh; Maria Melisa Sutomo; Nazwa Silva Fauziah
Formosa Journal of Applied Sciences Vol. 4 No. 6 (2025): June 2025
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/fjas.v4i6.189

Abstract

This study aims to analyze the impact of exchange rate fluctuations on the stability of imported commodity prices in Indonesia, by focusing on the dynamics of the relationship between the rupiah exchange rate and the price of imported commodities in a certain period. This study uses a quantitative approach with multiple linear regression analysis methods to see the causal relationship between exchange rate fluctuations and imported commodity prices. The secondary data used includes the exchange rate of the rupiah against the US dollar and the prices of several strategic imported commodities such as food, energy, and other consumer goods, collected from official sources such as Bank Indonesia and the Central Statistics Agency (BPS). The results show that exchange rate fluctuations have a significant influence on changes in imported commodity prices, where depreciation of the rupiah exchange rate tends to cause an increase in the price of imported commodities, while appreciation of the exchange rate tends to reduce the price of these commodities.
Co-Authors Ahmad Setiawan Nuraya Astriani Puspita Maharani Catur Diah Ayu Putri Lestari Fasya Febiani Fathiyya Humairoh Furkon Ardhani Maria Melisa Sutomo Nazwa Silva Fauziah Yehezkiel William Rassi