Regress: Journal of Economics & Management
Vol. 6 No. 2 (2026)

Analisis Faktor yang Mempengaruhi Kinerja Ekspor terhadap Pertumbuhan Ekonomi Indonesia 1993-2023

Siti Muzayyanah (Universitas Ahmad Dahlan)



Article Info

Publish Date
28 Oct 2026

Abstract

Exports are widely recognised as an important driver of economic growth, yet their performance may also depend on macroeconomic and monetary conditions whose effects can vary in direction and magnitude. This study examines how investment, inflation, the M2 money supply, the trade balance, and the exchange rate affect Indonesian exports, identifying which factors exert statistically significant effects and whether these are positive or negative. It uses annual time-series data for 1993–2023 from Statistics Indonesia (BPS), Bank Indonesia, and the World Bank. The study treats exports as the dependent variable and the five macroeconomic indicators as explanatory variables, estimating their relationships through ordinary least squares (OLS) in EViews. The results show that investment and the exchange rate exert statistically significant negative effects on exports, whereas the M2 money supply has a positive effect. Inflation and the trade balance, by contrast, have no statistically significant effects. Taken together, the findings indicate that the selected macroeconomic and monetary factors do not influence export performance uniformly. The study concludes that policymakers should support exports by facilitating firms’ participation in export activities and developing new markets abroad.

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Journal Info

Abbrev

REG

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

Regress: Journal of Economics & Management is a peer-reviewed journal published by the Medan Resource Center. The journal aims to advance theoretical and practical knowledge by promoting high-quality research and providing a platform for researchers, academicians, and practitioners to share their ...