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PENGARUH KEGIATAN EKONOMI INTERNASIONAL TERHADAP PENINGKATAN CADANGAN DEVISA DI INDONESIA Ussa’diyah, Nisa; Nofrian, Fachru
Journal of Development Economics and Digitalization Vol 2 No 1 (2023): JDED, February 2023
Publisher : Universitas Pembangunan Nasional Veteran Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59664/jded.v2i1.5734

Abstract

Cadangan devisa dianggap sebagai hal penting dalam negara dan tidak dapat dipisahkan dengan kegiatan ekonomi internasional. Devisa dijadikan sebagai suatu indikator vital untuk membuktikan kekuatan mendasar dalam perekonomian suatu negara. Peningkatan cadangan devisa dipengaruhi beberapa faktor pada kegiatan ekonomi internasional, seperti foreign direct investment, utang luar negeri dan kegiatan ekspor. Tujuan dari penelitian ini untuk mengetahui pengaruh foreign direct investment, utang luar negeri dan ekspor terhadap peningkatan cadangan devisa Indonesia. Data yang digunakan dalam penelitian ini dari tahun 1990 sampai dengan tahun 2021. Error Corection Model (ECM) dipilih sebagai metode dalam penelitian ini. Hasil analisis model menunjukkan jika foreign direct investment memiliki pengaruh signifikan terhadap peningkatan cadangan devisa pada jangka panjang namun pada jangka pendek tidak memiliki pengaruh signifikan dikarenakan investasi asing yang masuk perlu diolah kembali seperti untuk peningkatan produksi dalam negeri sehingga dapat meningkatkan kegiatan perdagangan internasional yang nantinya akan menambah cadangan devisa. Utang luar negeri baik dalam jangka panjang maupun jangka pendek memiliki pengaruh signifikan terhadap peningkatan cadangan devisa, dimana utang luar negeri yang masuk langsung terakumulasi ke APBN serta total cadangan devisa negara. Ekspor pada jangka panjang memiliki pengaruh signifikan terhadap peningkatan cadangan devisa namun pada jangka pendek tidak memiliki pengaruh signifikan dikarenakan hasil yang diperoleh dari kegiatan ekspor juga digunakan dalam pembiayaan impor sehingga pengaruh ekspor tidak dapat dilihat dalam waktu jangka pendek. Foreign exchange reserves for a country are considered important and inseparable from international economic activities. Foreign exchange becomes a vital indicator to prove a fundamental strength in a country's economy. The increase in foreign exchange reserves was influenced by several factors in international economic activities, such as foreign direct investment, external debt and export activities. The purpose of this study is to determine the effect of foreign direct investment, foreign debt and exports on increasing Indonesia's foreign exchange reserves. This research data is from 1990-2021. The Error Corection Model (ECM) was chosen as the method in this study. The results of the model analysis that foreign direct investment has a significant effect on increasing foreign exchange reserves in the long term but in the short term doesn’t have a significant effect because incoming foreign investment needs to be reprocessed, such as to increase domestic production so that it can increase international trade activities which will later increase foreign exchange reserves. Foreign debt in both the long and short term has a significant effect on the increase in foreign exchange reserves, where foreign debt that enters directly accumulates into the state budget as well as the country's total foreign exchange reserves. Exports in the long term have a significant effect on increasing foreign exchange reserves but in the short term don’t have a significant effect because the results obtained from export activities are also used in import financing so that the influence of exports cannot be seen in the short term.
Analisis Pengaruh Pengeluaran Pemerintah, Defisit Fiskal dan Utang Luar Negeri Terhadap Produk Domestik Bruto (PDB) Indonesia Tahun 1989-2019 Jannah, Miftahul; Nofrian, Fachru; Triwahyuningtyas, Nunuk
Jurnal Ilmu Ekonomi dan Sosial (JIES) Vol 10, No 2 (2021): July 2021
Publisher : Universitas Mercu Buana

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (161.816 KB) | DOI: 10.22441/jies.v10i2.13036

Abstract

Penelitian ini bertujuan untuk mengetahui pengaruh variabel Pengeluaran Pemerintah, Defisit Fiskal dan Utang Luar Negeri terhadap Produk Domestik Bruto (PDB) di Indonesia dengan menggunakan data tahunan dalam kurun waktu 1989-2019. Jenis data pada penelitian ini ialah data sekunder dan model penelitian yang digunakan ialah model Regresi Linear Berganda yang sebelumnya sudah dilakukan uji asumsi klasik terlebih dahulu agar dapat memenuhi syarat BLUE (Best Linear Unbiased Estimator). Hasil yang diperoleh dari penelitian ini ialah Pengeluaran Pemerintah berpengaruh terhadap Produk Domestik Bruto (PDB) Indonesia, Defisit Fiskal dan Utang Luar Negeri tidak berpengaruh terhadap Produk Domestik Bruto (PDB) Indonesia.
Peranan Jumlah Wisatawan Asing, Nilai Tukar, dan PMDN dalam Sektor Pariwisata terhadap Pendapatan Devisa Pariwisata Indonesia Fairuuz, Nabila; Nofrian, Fachru; Desmintari, Desmintari
Jurnal Indonesia Sosial Sains Vol. 3 No. 04 (2022): Jurnal Indonesia Sosial Sains
Publisher : CV. Publikasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59141/jiss.v3i04.570

Abstract

Foreign exchange reserves have many indicators that affect their income, one of which is the tourism sector. The tourism sector has an important role as a source of foreign exchange reserves. Tourism activities create demand, both consumption and investment, which can increase the income of foreign exchange reserves in Indonesia. This study uses data from 1990 to 2019. The method used in this study is a multiple linear regression analysis model using the OLS method. The results of multiple linear regression analysis show that (1) there is a significant influence between the number of foreign tourists on tourism foreign exchange (2) there is a significant influence between the exchange rate on tourism foreign exchange (3) there is a significant influence between domestic investment in the hotel sector and restaurants to tourism foreign exchange.
Analisis Relevansi Penanaman Modal Asing, Modal dalam Negeri dan Upah Minimum terhadap Penyerapan Tenaga Kerja di Indonesia 1990 – 2019 Widya Putra, Fatah; Ariani, Nani; Nofrian, Fachru
Jurnal Indonesia Sosial Sains Vol. 3 No. 04 (2022): Jurnal Indonesia Sosial Sains
Publisher : CV. Publikasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59141/jiss.v3i04.571

Abstract

Absorption of labor is often used as a benchmark for the development of human resources, including the workforce of a country. The minimum wage level of work continues to rise, which can have a positive impact on the workforce, but unlike the company, which sees this as an increase in company costs every year. The aim is to determine the effect of foreign investment, domestic investment, and the minimum wage on employment. Using multiple linear regression analysis methods with OLS. The results of several linear regression analyzes show that foreign investment has a significant effect on employment, domestic investment has no effect on employment, and low state wages have a significant effect on employment. Foreign Investment has an influence and relationship with employment.
BI Rate The FED Rate dan Inflasi Terhadap Indeks Harga Saham Gabungan Attallah Al Faruqi, Muhammad; Nani Ariani, M.B.; Nofrian, Fachru
Jurnal Indonesia Sosial Sains Vol. 3 No. 05 (2022): Jurnal Indonesia Sosial Sains
Publisher : CV. Publikasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59141/jiss.v3i05.588

Abstract

The Composite Stock Price Index certainly continues to fluctuate or change, where these changes occur due to various macroeconomic factors that influence it, namely the BI Rate, The FED Rate, and inflation. This study aims to determine the effect of fluctuations in the BI Rate, The FED Rate, and inflation on the Composite Stock Price Index. This study uses data from 1989 to 2019. The method in this study is a multiple linear regression analysis models using the OLS method. The results of multiple linear regression analysis prove that there is a significant effect between the BI Rate on the Composite Stock Price Index, there is no significant effect between The FED Rate on the Composite Stock Price Index, and there is a significant effect between inflation on the Composite Stock Price Index. The conclusion of this study is moderate inflation and the government's target level shows that economic conditions are stable, not sluggish, and still support the level of trading that allows investors to invest in stocks with rising inflation by investing capital in stocks for speculatively motivated trading.