Multiverse: Open Multidisciplinary Journal
Vol. 2 No. 3 (2023)

Determinants of Economic Growth in Indonesia Error Correction Model (ECM) Approach

Al Bina (Unknown)
Hwihanus, Hwihanus (Unknown)
Riyadi, Slamet (Unknown)

Article Info

Publish Date
29 Dec 2023

Abstract

This study was conducted to see the effect of foreign debt, savings, domestic loans and total production factors on gross domestic product in Indonesia in the long and short-term using the error correction model method. The results of simultaneous tests (F-tests) of all independent variables have an influence on the dependent variable. External debt partially in the short term has no effect on gross domestic product in Indonesia and in the long term has an effect. Savings partially in the short term has no effect on gross domestic product in Indonesia and in the long term it has an effect. Domestic loans partially in the short term and in the long term have no effect on gross domestic product in Indonesia. Total production factors partially in the short and long term negatively affect gross domestic product in Indonesia.

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Journal Info
Multiverse: Open Multidisciplinary Journal
Website

Abbrev

MULTIVERSE

Publisher

Medan Resource Center

Subject

Religion Arts Humanities Earth & Planetary Sciences Economics, Econometrics & Finance Education Energy Engineering Environmental Science Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Library & Information Science Medicine & Pharmacology Physics

Description

Multiverse: Open Multidisciplinary Journal is an open-access journal by Medan Resource Center. The journal publishes research articles from multidisciplinary and various types, methods, or approaches of research in education, applied sciences, natural or social sciences, philosophy, economics, law, ...