Binus Business Review
Vol. 10 No. 3 (2019): Binus Business Review

Macroeconomic Determinants of Automobile Sales in Indonesia: An Empirical Study in 1986-2016

Suwinto Johan (Sekolah Tinggi Manajemen PPM Jalan Menteng Raya NO. 9-19 Jakarta 10340)



Article Info

Publish Date
30 Nov 2019

Abstract

The aim of this research was to study the determinants of automobile sales in Indonesia. The automobile sales were the sales of car and motorcycle during 1986-2016. The research focused on five macroeconomics variables (exchange rate, Gross Domestic Product (GDP), growth of GDP, inflation, and interest rate). The total sample was 30 years of automobile sales in Indonesia. The researcher used the regression method with Statistical Package for the Social Sciences (SPSS) to test the research model. For a few variables, lag t-1 was used. The empirical results show that GDP and the growth of GDP have a significant influence on both car and motorcycle sales in Indonesia. The growth of GDP reaches a significant level at α < 1%. However, the exchange rate of USD to IDR, inflation, and interest rate do not influence automobile sales in Indonesia.

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Journal Info

Abbrev

BBR

Publisher

Subject

Economics, Econometrics & Finance

Description

Binus Business Review is an international journal published in March, July, and November hosted by the Research and Technology Transfer Office (LPPM) of Universitas Bina Nusantara. The journal contents are managed by the Binus Business School, Faculty of Economics and Communications, and Forum ...