Jurnal Riset Bisnis dan Manajemen Tirtayasa
Vol 4, No 1 (2020)

Nilai Tukar, Keterbukaan Ekonomi dan Kinerja Pertumbuhan Ekonomi Di Indonesia

Suhendra, Indra (Fakultas Ekonomi dan Bisnis Universitas Sultan Ageng Tirtayasa)



Article Info

Publish Date
30 May 2020

Abstract

This paper is conducted to answer whether the performance of economic growth is significantly influenced by the exchange rate and economic openness in Indonesia. To answer this question, we apply a multiple regression model for 48 annual data for the period 1971 to 2019. We used index numbers to measure economic growth performance based on references from the ICRG Risk Rating System, PRS Group, in assessing macroeconomic performance around the world. We also differentiate the exchange rate variable into LNERt and LNERt-1 to determine whether there is a difference between the two in affecting economic performance growth performance. The results showed that LNERt had a negative effect on economic growth, while economic openness and LNERt-1 had a positive and significant effect on Indonesia's economic growth performance. The recommendation of this study is that increasing trade competitiveness is important in the long run, especially in order to maximize the benefits of economic openness. Then, it is also important to ensure that future exchange rate volatility does not have a negative impact on economic growth performance

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Journal Info

Abbrev

JRBM

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

Pertama kali terbit pada Nopember 2017, dan terbit secara periodik dua kali dalam setahun. Pada Volume 4 Nomor 1 (2020), ada perubahan layout artikel. Memiiliki nomor e-ISSN 2599-0837. Areas of study that can be published in JRBM Tirtayasa are in the fields of Business Management, Operations and ...