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Ulin Nuhaella Almaya
Universitas Muhammadiyah Malang
Economics, Econometrics & Finance Social Sciences

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Pengaruh Harga Minyak Dunia, Inflasi, Konsumsi Rumah Tangga terhadap Pertumbuhan Ekonomi Indonesia Ulin Nuhaella Almaya; Wahyu Hidayat Riyanto; Syamsul Hadi
Jurnal Ilmu Ekonomi Vol. 5 No. 1 (2021): Jurnal Ilmu Ekonomi
Publisher : Program Studi Ekonomi Pembangunan Universitas Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jie.v5i1.13836

Abstract

This study aims to determine the effect of world oil prices, inflation, household consumption on economic growth in Indonesia. This research is a type of descriptive research with a quantitative approach using the annual time series data in 1988 - 2018. The model analysis technique used in this study is multiple linear regression with 31 samples. The results showed that both simultaneously (F test) and partially (t test) world oil prices had a significant (positive) effect, inflation had a significant (negative) effect, and household consumption had a significant (positive) effect on economic growth. Based on the results of the study, the government as a joint policy maker with Bank Indonesia can jointly reduce and maintain the stability of the inflation rate through monetary policy so that economic actors get clarity and encourage productivity by opening investment taps, providing business protection, and lowering export duties or create a fiscal policy. The government needs to establish policies to encourage oil production so that oil production can be optimal dan maintain oil supply so that people’s needs are met and oil prices can remain stabl and also maintaining the stability of prices for goods so as to encourage domestic consumption.
Pengaruh Harga Minyak Dunia, Inflasi, Konsumsi Rumah Tangga terhadap Pertumbuhan Ekonomi Indonesia Ulin Nuhaella Almaya; Wahyu Hidayat Rianto; Syamsul Hadi
Jurnal Ilmu Ekonomi Vol. 5 No. 2 (2021): Jurnal Ilmu Ekonomi
Publisher : Program Studi Ekonomi Pembangunan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jie.v5i2.14101

Abstract

This study aims to determine the effect of world oil prices, inflation, and household consumption on economic growth in Indonesia. This research is a type of descriptive research with a quantitative approach using the annual time series in 1988-2018. The analysis technique used in this study is multiple linear regressions with 31 samples. The results showed that both simultaneously and partially, world oil prices and inflation had a significant (negative) effect and household consumption had a significant (positive) effect on economic growth. Based on research results, the government can improve and build oil and gas infrastructure so that it can  optimize oil production. This is very useful because it will reduce oil imports and also reduce the inflation rate. The government can also establish monetary policy and fiscal policy to maintain inflation stability. Other policies that can be done are by increasing the amount of goods produced so that the number of goods in circulation increases, setting maximum prices for several types of goods, and also making policies that can control the inflation rate so as to encourage domestic consumption due to price stability, so that consumption expenditure can be increase or can be stable
Co-Authors Syamsul Ph.D M.A. Hadi Wahyu Hidayat Rianto Wahyu Hidayat Riyanto