Sekar Lunggayu Kartika
Universitas Negeri Padang

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ANALISIS KAUSALITAS CURRENT ACCOUNT DEFICIT DENGAN KETERBUKAAN PERDAGANGAN,NILAI TUKAR RIIL EFEKTIF, FOREIGN DIRECT INVESMENT, DAN PERTUMBUHAN EKONOMI INDONESIA Sekar Lunggayu Kartika; Dewi Zaini Putri; Hasdi Aimon
Jurnal Kajian Ekonomi dan Pembangunan Vol 1, No 2 (2019): Jurnal Kajian Ekonomi dan Pembangunan
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (807.828 KB) | DOI: 10.24036/jkep.v1i2.6251

Abstract

This study aims to reveal and analisys the causality between the macro aggregates that affect currenct account deficit using Granger causality test. Current account deficit/GDP, trade openness, real effective exchange rate, growth rate, and foreign direct investment were selected as variabels for this research.The research methods used are: (1) Stationarity Test; (2) Optimal Lag Lenght; (3) Cointegration Test (based on the results of the cointegration test obtained, this study must be continued using the VECM method); (4) Granger Causality Test; (5) Estimation of the VECM Model (6) Impulse Response Function; (7) Variance Decomposition.The result of the Granger causality test demonstrate that: (1) There is no causal relationship between the current account deficit and trade openness in Indonesia; (2) There is no causal relationship between the current account deficit and real effective exchange rate in Indonesia (3) There is a causal relationship between the current account deficit and economic growth in Indonesia; (4) There is no causal relationship between the current account deficit and foreign direct investment in Indonesia.