Jurnal Menara Ekonomi : Penelitian dan Kajian Ilmiah Bidang Ekonomi
Vol 5, No 3 (2019): Volume V No. 3 Oktober 2019

THE IMPACT OF MACROECONOMIC INDICATORS ON ECONOMIC GROWTH IN THE UNITED STATES AND INDONESIA: A COINTEGRATION TEST APPROACH

Antoni Antoni (Unknown)



Article Info

Publish Date
31 Oct 2019

Abstract

Abstract : The aim of this subject area is whether the impact of macroeconomic indicators on economic growth in the United States and Indonesia by using the cointegration approach. The variables used are Gross Domestic Product, Foreign Debt, Export and Foreign Direct Investment from 1998-2018. The analytical method used in this research is to apply the cointegration approach and the Vector Error Correction Model (VECM). The results show that, there is a strong long-term relationship between macroeconomic variables in the two countries. Therefore, a more active macro-economic policy is recommended in both countries, especially Indonesia. This also means that the government, especially the State of Indonesia, must make better management in the public sector that supports macroeconomic policies and other variables. Keywords: cointegration, granger causality, growth, foreign direct investment, debt, export and impuls response.

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Journal Info

Abbrev

menaraekonomi

Publisher

Subject

Economics, Econometrics & Finance

Description

JURNAL MENARA EKONOMI, merupakan jurnal penelitian dan kajian ilmiah yang diterbitkan Fakultas Ekonomi UMSB. Penyunting menerima kiriman naskah hasil kajian dan penelitian untuk bidang ekonomi untuk dipublikasikan di jurnal ini. Naskah yang masuk akan dievaluasi dan disunting untuk keseragaman ...