Open AccessPengaruh Krisis Ekonomi Terhadap Fungsi Konsumsi Rumah Tangga di Indonesia Penerapan: Absolute Income Hypothesis
Author(s) -
Birgitta Dian Saraswati,
Moh. Khusaini
Publication year - 2018
Publication title -
jurnal ekonomi kuantitatif terapan
Language(s) - English
Resource type - Journals
eISSN - 2303-0186
pISSN - 2301-8968
DOI - 10.24843/jekt.2018.v11.i01.p11
Subject(s) - economics , consumption (sociology) , financial crisis , value (mathematics) , demographic economics , macroeconomics , sociology , statistics , mathematics , social science
This study aimed to identify how household consumption is influenced by economic crises in 1997 according to Keynes absolute income hypothesis. Using Chow Test and Partial Adjustment Models, the result show that the economic crisis in 1997 resulted in a structural change in household consumption in Indonesia clearly visible from MPC value before the economic crisis is bigger than the MPC after the crisis. The economic crisis has an effect on household consumption in Indonesia in both the short term and in the long term.