International Journal of Economics, Business and Accounting Research (IJEBAR)
Vol 7, No 3 (2023): IJEBAR, VOL. 07 ISSUE 03, SEPTEMBER 2023

THE INFLUENCE OF MACROECONOMIC VARIABLES ON ECONOMIC GROWTH IN INDONESIA

Riza Nabila (UINSU)
Yusrizal Yusrizal (UINSU)
Nur Ahmadi Bi Rahmani (UINSU)



Article Info

Publish Date
21 Sep 2023

Abstract

This research aims to influence macroeconomic variables on economic growth in Indonesia. Economic growth is seen as a development of economic activity which causes goods and services produced in a country to increase. This research method is quantitative research with secondary data in the 2012-2021 observation period. Secondary data collection uses the documentation method for data on reports of total exchange rates, inflation, interest rates and economic growth from BPS, BPPRP and BPKAP, the data collected is analyzed using multiple linear regression using the eviews 9 computer program. Research results show 1) Value Exchange rate from the results of the multiple linear regression test has a negative and significant effect on economic growth during the 2012-2021 period, meaning that every increase in the exchange rate will reduce economic growth by -1.28%. 2) Inflation has a positive and significant effect on economic growth in 2012-2021, increasing economic growth by 3.83%. 3) The BI-7 Day Reverse Repo Rate (BI7DRR) has no significant effect on economic growth in 2012-2021 and has no impact whatsoever on economic growth. Keywords: Economic Growth, Exchange Rate, Inflation, Interest Rates

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Journal Info

Abbrev

IJEBAR

Publisher

Subject

Economics, Econometrics & Finance

Description

International Journal of Economics, Business, and Accounting Research (IJEBAR) is a peer-reviewed, open access international scientific journal dedicated for rapid publication of high-quality original research articles as well as review articles in all areas of Economics, Business and Accounting. ...