Open AccessAnalisis Pertumbuhan Ekonomi, Investasi dan Net Ekspor Indonesia Menggunakan Model Simultan
Author(s) -
Rina Susanti,
Engla Desnim Silvia,
Deni Amelia
Publication year - 2021
Publication title -
jurnal ekobistek
Language(s) - English
Resource type - Journals
eISSN - 2527-9483
pISSN - 2301-5268
DOI - 10.35134/ekobistek.v10i2.115
Subject(s) - economics , inflation (cosmology) , consumption (sociology) , investment (military) , purchasing power , monetary economics , foreign direct investment , exchange rate , government spending , macroeconomics , welfare , market economy , social science , physics , sociology , politics , theoretical physics , political science , law
This study aims to analyze 1) the effect of household consumption, investment, government spending and net exports on Indonesia's economic growth, 2) the effect of interest rates, inflation and economic growth on investment, 3) the effect of inflation and foreign income on Indonesia's net exports. The type of data used is quarterly secondary data from 2015-2020. Sources of data obtained from BPS, BI and Bappenas. This research uses simultaneous equation model analysis in the form of two stage least square (2SLS), identification test and reduce form. The results of this study are 1). household consumption, investment, and net exports have a significant effect on Indonesia's economic growth. However, government spending has no significant effect on economic growth. 2). interest rates and economic growth have a significant effect on investment. However, the inflation rate has no significant effect on investment. 3) the exchange rate has a significant effect on net exports but foreign income has no significant effect. Household consumption is the largest supporting sector for economic growth of 70% which is of great concern. So that a policy is needed to restore the economy by stimulating people's purchasing power.