International Journal of Environmental, Sustainability, and Social Science
Vol. 4 No. 6 (2023): International Journal of Environmental, Sustainability, and Social Science (Nov

Analysis of the Relationship Between Economic Growth, Inflation and Unemployment in Indonesia

KURNIAWAN, Muhammad Lukman (Unknown)
PUDJIHARDJO, M. (Unknown)
PRASETYIA, Ferry (Unknown)



Article Info

Publish Date
30 Nov 2023

Abstract

The aim of developing a country is for the welfare of society. the policy makers are currently focused on the level of economic growth, inflation and unemployment. According to theory, these variables are closely related. The porpuse of the study was to analyze the relationship between economic growth, inflation and unemployment in Indonesia. Method used Vector Error Correction Model (VECM) analysis and Granger Causality Test. The results of this research show that in the long term, inflation has a significant positive relationship with economic growth, and unemployment has a negative and insignificant relationship. In the short term, inflation has no relationship to economic growth, and unemployment has a significant relationship. The results of the causality test, economic growth, inflation and unemployment do not have interrelationship.

Copyrights © 2023






Journal Info

Abbrev

ijesss

Publisher

Subject

Economics, Econometrics & Finance Environmental Science Social Sciences

Description

International Journal of Environmental, Sustainability, and Social Science (abbreviated as IJESSS) p-ISSN 2720-9644 and e-ISSN 2721-0871 is a multidisciplinary journal covering all aspects of the environmental impacts of socio-economic development. The International Journal of Environmental, ...