Journal of Economics
Vol 5 No 3 (2025): Desember 2025

Analisis Faktor Makroekonomi Terhadap Pertumbuhan Perekonomian Di Indonesia

Prayitno, Andaru Rachmaning Dias (Unknown)
Muh. Imaduddin Akbar (Unknown)
Maula Fadhilata Rahmatika (Unknown)
Febrian (Unknown)



Article Info

Publish Date
31 Dec 2025

Abstract

This study aims to analyze the influence of key macroeconomic factors, namely interest rate (BI Rate), Rupiah/USD exchange rate, and inflation on Indonesia's economic growth during the 2011–2019 period. The research method used is quantitative with a linear regression analysis approach using quarterly time-series data. The model was estimated using the Ordinary Least Squares (OLS) method after passing classical assumption tests. The results show that simultaneously, all three variables have a significant effect on economic growth. However, partially, only interest rate and exchange rate show significant negative impacts, where a 1% increase in each variable reduces economic growth by 0.13% and 2.06%, respectively. Inflation has no significant effect, likely due to its relative stability during the observation period. The study concludes that interest rate and exchange rate are consistent macroeconomic factors influencing Indonesia's economic growth performance before the pandemic period.

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Journal Info

Abbrev

independent

Publisher

Subject

Economics, Econometrics & Finance

Description

The scope of Independent: Journal of Economics are strictly but not limited to: Economics Development Economics Monetary Economics Public Economics Institutional ...