p-Index From 2021 - 2026
5.123
P-Index
This Author published in this journals
All Journal Jurnal Ekonomi Pedagogi: Jurnal Ilmu Pendidikan An-Nida' Jurnal Al-Tadzkiyyah JDE (Journal of Developing Economies) QALAMUNA: Jurnal Pendidikan, Sosial, dan Agama EL-BANAT: Jurnal Pemikiran dan Pendidikan Islam Pendas : Jurnah Ilmiah Pendidikan Dasar Ganaya: Jurnal Ilmu Sosial dan Humaniora Edukasi Islami: Jurnal Pendidikan Islam Indonesian Treasury Review: Jurnal Perbendaharaan, Keuangan Negara dan Kebijakan Publik Jurnal Samudra Ekonomi dan Bisnis Islamika: Jurnal Keislaman dan Ilmu Pendidikan Almufida: Jurnal Ilmu-Ilmu Keislaman Proceedings of Annual Conference for Muslim Scholars Al-Ikhtibar : Jurnal Ilmu Pendidikan Elastisitas Jurnal Ekonomi Pembangunan Kreatif: Jurnal Pemikiran Pendidikan Agama Islam CENDEKIA : Jurnal Ilmu Pengetahuan Etihad: Journal of Islamic Banking and Finance Jurnal Pusat Studi Pendidikan Rakyat (PUSDIKRA) Tarbiyah Islamiyah: Jurnal Ilmiah Pendidikan Agama Islam Procedia of Social Sciences and Humanities Moderasi : Journal of Islamic Studies Jurnal Cendekia : Media Komunikasi Penelitian dan Pengembangan Pendidikan Islam Tarbiyah: Jurnal Ilmu Pendidikan dan Pengajaran Academy of Social Science and Global Citizenship Journal Jurnal Pembumian Pancasila : Mewujudkan TRISAKTI sebagai Pedoman Amanat Penderitaan Rakyat El-Waroqoh : Jurnal Ushuluddin Dan Filsafat AZKIYA Falahiya Lex Scientia Law Review META - JOURNAL Eko-Regional: Jurnal Pembangunan Ekonomi Wilayah Eko-Regional: Jurnal Pembangunan Ekonomi Wilayah Indonesian Journal of Research in Islamic Studies
Claim Missing Document
Check
Articles

Found 1 Documents
Search
Journal : JDE (Journal of Developing Economies)

Effect of Macroeconomic Factors on Economic Growth in Indonesia Mustofa, Hafidz Zainul; Faizin, Moh.
Journal of Developing Economies Vol. 10 No. 1 (2025)
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jde.v10i1.60620

Abstract

Indonesia’s GDP growth from 2007 to 2022 shows a significant trend, reflecting the positive dynamics of a growing economy. This growth is influenced by macroeconomic factors such as inflation, interest rates, unemployment, fiscal and monetary policies, and international trade conditions. This study investigates the factors affecting Indonesia’s economic growth, mainly focusing on foreign direct investment (FDI), exchange rate, inflation rate, interest rate, and exports. This study uses quantitative methods with quarterly data from 2007 to 2022. The data used are time series data obtained from the Central Statistics Agency (BPS), the Investment Coordinating Board (BKPM), and Bank Indonesia (BI). The analysis used the Vector Error Correction Model (VECM) approach to understand the long-run and short-run relationships. The findings show that FDI is insignificant for Indonesia’s economic growth, while exchange rates and exports negatively impact growth in the short and long run. Inflation has a negative effect in the long run, and interest rates have a positive impact in the long run. Policy implications include improving FDI efficiency, maintaining currency stability, controlling inflation, setting appropriate interest rate policies, and diversifying exports to support economic growth.
Co-Authors Afiq, M. Fachrul Afnia, Nadian Nur Alawy, Naufal Ali, Hasani Moh. Alif Robbiatul Sariroh Anggraini, Yulia Aryanti, Linda Dwi Attaroqiya, Nailal Himmah Aziz , Fachril Achmad Brillianti, Sabrina Fatimah Budi, Bagus Setiyo Dwi Nur Kholifah, Dwi Nur Dzulqarnain, Abdullah Alif Fatthurahman, M. Aditya Fauzia, Miftakhul Fitriyah, Farihatil Ilmi Usrotin Choiriyah Irham, Ananda Salsabila Khairunnisak, Desty Surya Khildan, Salsabil Nur Shilfiya Khoirunisa, Amelia Kurnia PS, Alaika M. Bagus Lailul Mursyidah Larasati, Dinda Kenanga Ma’rifah, Akyuninah Machfud Bachtiyar Ma’rifah, Akyuninah Mochammad Tanzil Multazam Mohammad Ridwan Mubarak, M. Zaidan MUHAMMAD FAHMI Muhammad Zainul Arifin Mustofa, Hafidz Zainul Muthmainnah, Diah Adila Muthmainnah, Nabilatul Najah, Hikmatul Lailatin Naswan Suharsono Nazilah, Fiantika Rohmatun Noor Fatimah Mediawati Nur Fadhillah, Annisa Nur Hidayati Phahlevi , Rifqi Ridlo Prasetia, Senata Adi Puji Handayati Purwaningsih , Sri Budi Putra, Ahmad Dzulfiqar Hibatullah Putri, Evana Eka Rachmah, Harnum Anzili Rahayu Hartini Rahayu, Indah Rahma, Alia Nafisah Rahmayanti, Vitha Azalia Ramadhani, Chintya Ramadhani, Farah Mulya Ramadhani, Lailya Nur Retno Farika Salmany, Moh Rieza SALSABILA, AISYAH RAYA Sikana, Arina Mana Siswapranata , Fadiana Zahra Sri Budi Purwaningsih, Sri Budi Sudarmiatin Syafi'i, Imam Syafi'ullah, Ahmad Alaika Syafitri, Falya Rahmatika Syuroyyah, Chalimatus Tamimi, Abdillah Rosyid Uroidli, Ali Utami, Rahayu Budi Wiwin Luqna Hunaida, Wiwin Luqna Yahya Aziz Yudi, Usman Zaini Tamin AR, Zaini Tamin