Jurnal Ekonomi
Vol. 12 No. 04 (2023): Jurnal Ekonomi, 2023

THE INFLUENCE OF THE PROPORTION OF ELECTRONIC MONEY, MONEY SUPPLY, EXCHANGE RATE AND BI RATE ON ECONOMIC GROWTH IN INDONESIA IN 2010-2020

Della Juni Anggraini (Faculty of Economics and Business, Bengkulu University)
Sunoto Sunoto (Faculty of Economics and Business, Bengkulu University)



Article Info

Publish Date
21 Oct 2023

Abstract

The purpose of the study is to determine and analyze the effect of the variable Nominal Proportion of Electronic Money Transactions, Money Supply, Exchange Rates, and BI Rate on economic growth in Indonesia in 2010-2020. The study utilized data in monthly time series from January 2010 to December 2020 where the sample amounted to 120 months. The research model is the Vector Error Correction Model (VECM) and is assisted by EViews 12 software. The results showed that in the long run a relationship was found between the variables of the Nominal Proportion of Electronic Money Transactions, Money Supply, and exchange rates on economic growth. Nominal Proportion of Electronic Money Transactions, and Money Supply have a positive and significant effect on economic growth. While the exchange rate variable in the long term and short term has a significant negative effect on economic growth.

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Journal Info

Abbrev

Ekonomi

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal Ekonomi [p. ISSNĀ 2301-6280, e. ISSNĀ 2721-9879] is a peer-reviewed journal published Half times a year (June, and December) by SEAN Institute. Jurnal Ekonomi is intended to be the journal for publishing articles reporting the results of economics research. Jurnal Ekonomi invites manuscripts ...