Nusantara Hasana Journal
Vol. 3 No. 1 (2023): Nusantara Hasana Journal, June 2023

KEWIRAUSAHAAN DAN PERTUMBUHAN EKONOMI INDONESIA: DYNAMIC STOCHASTIC MODELLING

Samuel Dendy Krisandi (Politeknik Negeri Pontianak)
Hasymi Rinaldi (Politeknik Negeri Pontianak)
Mahendra Jaya (Politeknik Negeri Pontianak)
Ade M. Yuardani (Politeknik Negeri Pontianak)



Article Info

Publish Date
05 Jun 2023

Abstract

Uncertainty economic inflation has been dispersed to all countries whether developed countries or emerging countries. Indonesia as an emerging country is affected as well in economic growth decrement. This study aims to find a model of dynamic stochastic using Bayesian analysis of Monte Carlo and forth prediction of Indonesia economic performance. The concordance data of this study has been collected from World Bank, OECD in 1961 to 2020. Entrepreneurship Policy (EP), Gross Domestic Product (GDP), Foreign Direct Investment (FDI), Total Factor Productivity (TFP), Exchange Rate (RER), Household Consumption (HC), Inflation (INF) are being used at achieving equilibrium model by dynamic stochastic modelling analysis. The results revealed that inflation effect on Indonesia economic growth will be ahead until 2035 by no means that influences are performed through Entrepreneurship Policy (EP), Foreign Direct Investment (FDI), Exchange Rate (RER). Nevertheless, Indonesia demographic advantages lead to a higher demand of consumption. Indonesia still has a modest range of total factor productivity that need to be concerned for economic recovery.

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Journal Info

Abbrev

nhj

Publisher

Subject

Agriculture, Biological Sciences & Forestry Humanities Economics, Econometrics & Finance Education Nursing

Description

Nusantara Hasana Journal published a scientific paper original articles of research and community engangement and review of the literature in: Biology, Tourism & Hospitality, Pharmacy, Chemistry, Physics, Mathematics, Education, Medicine , Medical and Health Science, Engineering & Technology, ...