Alvin Sugeng Prasetyo
Fakultas Ekonomi dan Bisnis Universitas Trunojoyo Madura

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Journal : eJEBA

Analisis Respon Pertumbuhan Ekonomi Indonesia Akibat External Shock Amerika Serikat dan China Alvin Sugeng Prasetyo; Mochamad Devis Susandika
e-Journal Ekonomi Bisnis dan Akuntansi Vol. 8 No. 1 (2021): e-JEBA Volume 8 Number 1 Year 2021
Publisher : UPT Penerbitan Universitas Jember

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19184/ejeba.v8i1.22902

Abstract

The purpose of this study is to examine and analyze the response to Indonesia's economic growth caused by external shocks from the United States and China. The method used is VECM, because it is stationary at I (1) and there is cointegration. The estimation results show that the uncertainty of China's economic policies and the contribution of China's economic growth has a greater effect than the United States on Indonesia's economic growth. The shock of the rupiah exchange rate against the US dollar was better than the rupiah exchange rate against the RMB. The shock of changes in oil prices was responded negatively by changes in Indonesia's economic growth. In the long term, there are no signs of a movement in response to changes in Indonesia's economic growth towards equilibrium (convergence).
FDI Led Growth Hypothesis and Export Led Growth Hypothesis in ASEAN Alvin Sugeng Prasetyo; Mochammad Devis Susandika
e-Journal Ekonomi Bisnis dan Akuntansi Vol. 9 No. 2 (2022): e-JEBA Volume 9 Number 2 Year 2022
Publisher : UPT Penerbitan Universitas Jember

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19184/ejeba.v9i2.31602

Abstract

Economic growth is a macroeconomic variable that is always the government's attention. This is because economic growth is an indicator of a country's economic performance. If economic growth grows high, then economic development goes well, so that people are more prosperous. This study aims to examine and analyze the role of FDI and exports on economic growth in ASEAN. The research method used is a causality panel with a research period of 2010-2020. The causality panel used in this study detects how the relationship between FDI, exports, and economic growth in ASEAN is. The estimation results show a unidirectional relationship between FDI to economic growth, and exports to economic growth. Therefore, the hypothesis of FDI led growth and export-led growth is acceptable. The recommendation given to each country is that it is hoped that the governments of the ASEAN region will further facilitate foreign investment permits by means of deregulation that makes it difficult for foreign investors. Recommendations related to exports are that the governments of each ASEAN country need to map out potential and non-potential exports, if potential exports are increased, while non-potential ones need to be innovated.