Open AccessPENGARUHPEMBANGUNANEKONOMITERHADAP EKSPOR NON MIGAS INDONESIA
Author(s) -
Sarwedi Sarwedi
Publication year - 2016
Publication title -
ekuitas (jurnal ekonomi dan keuangan)
Language(s) - English
Resource type - Journals
eISSN - 2548-5024
pISSN - 1411-0393
DOI - 10.24034/j25485024.y2003.v7.i1.1971
Subject(s) - indonesian , inflation (cosmology) , economics , statistic , disbursement , exchange rate , money supply , variables , investment (military) , error correction model , foreign direct investment , short run , econometrics , monetary economics , monetary policy , macroeconomics , finance , statistics , mathematics , cointegration , political science , philosophy , linguistics , physics , politics , theoretical physics , law
This study attempts to analyze the relationship between export volume, as the dependent variable, and economic structure, inflation, exchange rate of Rupiah against USD, export price, and foreign investment policy. In particular, the study examines the implication of economic structural changes on the supply of export of merchandises in Indonesia.The framework of analysis used in this study was developed following the studies of Muscatelli, et al (1992) and Riedel (19). The model employed is an Error Correction Model (ECM) developed by Lucas and applied in demand and supply factors in the determinants of NICs by Muscatelli, et al. (199]). The study did not only apply an ECM, but also employed some procedure s to account for some weaknesses in applied OLS standard procedure.The data used for the analysis were collected from various sources, such as Notes of the Indonesian Budget of Financial Planning and Disbursement (RAPBN), Economic Statistics and Indonesian Finance of Bank lndonesia (BI). Indonesian Statistics (BPS), and International Financial Statistic of International Monetary Fund (IMF). These secondary data were reasonably easy to collect. The data consisted of a time series form spanning from 1983.1 to 1997.I V In other world, the data were in the form of four monthly.The study found that the conomic structure 1anrz.e had a positive effect both in the short-run and long-run, but its significance d1mm1 h d m long-run. Inflation was found to have a negative and significant relationship m the long-run but the significance lowered in the short-run with a nega tn·e e1_ ec1. Exchange rate, in the short-run, had a positive effect, but it had a negative effect m tht·I n -run In the shor t-run export supply of merchandises had a positive relation 1111h export price. but a negative relation in the long-run. Finally, the study found that jore1v1 1m·e tment policy had a positive and significant effect on export supply of merchandises .