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All Journal JDE (Journal of Developing Economies)
Kurniasari, Anita Lucky
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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
Co-Authors Wasiaturrahma, Wasiaturrahma