Open AccessANALISIS KAUSALITAS OUTPUT, KURS, SUKU BUNGA DAN INFLASI DENGAN INVESTASI ASING DI INDONESIA
Author(s) -
Maltio Maltio,
Melti Roza Adry,
Yeniwati Yeniwati
Publication year - 2015
Publication title -
ecosains: jurnal ilmiah ekonomi dan pembangunan/ecosains : jurnal ilmiah ekonomi dan pembangunan
Language(s) - English
Resource type - Journals
eISSN - 2655-6480
pISSN - 2302-8408
DOI - 10.24036/ecosains.10966257.00
Subject(s) - foreign direct investment , exchange rate , monetary economics , economics , inflation (cosmology) , interest rate , vector autoregression , investment (military) , real interest rate , causality (physics) , granger causality , monetary policy , macroeconomics , international economics , econometrics , physics , quantum mechanics , politics , theoretical physics , political science , law
This study investigates the relationship among output, exchange rate, interest rate (BI rate) and inflation with foreign investment (FDI), in Indonesia. The relationship among that variables is very important, because Indonesia getting start to optimize the growth economic arising out of crisis.This study used a VAR model to see causality output, exchange rate, interest rate (BI rate) and inflation with foreign investment (FDI). The data used is the time series data from 2003: 1-2014: 3 collected through documentation of relevant government agencies. In more detail, the technique used is the Vector Autoregression (VAR) to analyze the causal relationship.The results obtained indicate that foreign direct investment (FDI) has a causal relationship with the output. But there was no causal relationship between foreign direct investment (FDI) with the exchange rate, interest rate (BI rate) and inflation only unidirectional relationship in which foreign investment (FDI) effect on the exchange rate and foreign investment affect the BI rate.Keyword : foreign investment, exchange rates, interest rate ad inflation