Rahayuningsih, Istiqo
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Journal : Jurnal Ekonomi Regional Unimal

PENGARUH UTANG LUAR NEGERI, CADANGAN DEVISA, DAN INVESTASI ASING TERHADAP PERTUMBUHAN EKONOMI DI INDONESIA TAHUN 1991-2021 Rahayuningsih, Istiqo; Murtala, Murtala; Rahmah, Mutia
Jurnal Ekonomi Regional Unimal Vol. 6 No. 2 (2023): Jurnal Ekonomi Regional Unimal
Publisher : LPPM UNIMAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29103/jeru.v6i2.14585

Abstract

This research aims to determine the influence of Foreign Debt, Foreign Exchange Reserves and Foreign Investment on Economic Growth in Indonesia in 1991-2021. This research uses secondary data in the form of a time series for 31 years with the Autoregressive distributed lag (ARDL) test analysis method. The results of this research show that Foreign Debt has a negative and significant effect in the long term and short term on Economic Growth, Foreign Exchange Reserves has a positive and insignificant effect in the short term but in the long term it has a positive and significant effect, while Foreign Investment has no effect in the short term and long-term impact on economic growth in Indonesia. The recommendation in this research is that the government needs to manage foreign debt wisely by considering long-term risks and benefits and ensuring that loans are used for productive investments that can increase economic growth.