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Journal : JDE (Journal of Developing Economies)

Determinant of Indonesian Manufacturing Output Dhina, Arga Prati; Wasiaturrahma, Wasiaturrahma
Journal of Developing Economies Vol. 3 No. 1 (2018)
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (570.39 KB) | DOI: 10.20473/jde.v3i1.8686

Abstract

The role of manufacture in Indonesia influence the economic growth. This research aims to observe and analyze influencing factors of manufacturing sector output in Indonesia. The research method used Error Correction Model (ECM) at period 2005 in 1stquartal – 2017 in 4thquartal. This research used secondary data from Statistik Ekonomi dan Keuangan Indonesia (SEKI) and Federal Reserves. The results of the study show that in long term estimation lend interest rate and inflation have negative and significant impact, whereas FDI has positive and significant impact towards manufacturing sector output. Otherwise, in short term estimation show that lend interest rate has negative and significant impact, while inflation and FDI have no significant impact towards manufacturing sector output.   Keywords: ECM, real exchange rate rupiah/USD, inflation, lend interest rate, FDI, manufacturing sector output
Electronic Payment and Economic Growth in Indonesia Wasiaturrahma, Wasiaturrahma; Kurniasari, Anita Lucky
Journal of Developing Economies Vol. 6 No. 2 (2021)
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jde.v6i2.24923

Abstract

The purpose of this study is to investigate the effect of non-cash payment transactions on economic growth in Indonesia and to see the responses from supporting variables, such as the velocity of money and the price of transactions. This study involves a Vector Error Correction Model (VECM) analysis tool, using monthly time series data during 2009: 1 – 2017: 12. The results show that the payment instrument affects economic growth, especially the Card-Based Payment Instrument (CBPI). In addition, there are changes to the velocity of money and prices caused by the increase in the use of non-cash payment instruments.  Keywords: Electronic Payment, Economic Growth, Vector Error Correction Model (VECM)JEL: E4; C51