Nomico
Vol. 1 No. 8 (2024): Nomico - September

Analysis of Indonesia's Economic Resilience in Facing the Global Crisis

Firayani, Firayani (Unknown)



Article Info

Publish Date
30 Sep 2024

Abstract

This study aims to analyze Indonesia's economic resilience in facing the global crisis by examining the influence of six main variables, namely the global crisis, fiscal policy, monetary policy, the contribution of the MSME sector, economic growth, and the unemployment rate, this study uses a quantitative approach and multiple linear regression methods, this study utilizes time series data from 2018–2024 processed through Eviews software, the test results show that all variables have a significant influence on national economic resilience, the global crisis and the unemployment rate are proven to have a negative impact, while fiscal policy, monetary policy, MSMEs, and economic growth show a significant positive influence, economic growth is the most dominant variable in strengthening economic resilience, while unemployment is the most weakening factor, this empirical model also indicates that the combination of macro policy instruments and the strength of the domestic sector is the main key in maintaining national economic stability amidst external pressures. This study provides empirical evidence that can be utilized by policy makers in designing resilient and adaptive development strategies, these findings confirm that Indonesia's economic resilience depends not only on short-term responses to the crisis, but also on structural reforms, transparent governance, and cross-sector synergy in economic decision-making.

Copyrights © 2024






Journal Info

Abbrev

NJ

Publisher

Subject

Economics, Econometrics & Finance Education

Description

Nomico is a peer-reviewed open access international journal with the aim of disseminating the results of research, study, and development in the economic and finance, particularly in the fields of (1) accounting, (2) management, (3) capital markets, (4) business law, (5) taxation, (6) information ...