Lembar Review-(Causality Relationship between Economic Growth, Export, and Foreign Debt in Indonesia)

Asnawi, Asnawi (2022) Lembar Review-(Causality Relationship between Economic Growth, Export, and Foreign Debt in Indonesia). Alicon Publications.

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Abstract

This study examined the causality relationship between economic growth, exports, and foreign debt in Indonesia. This study used time-series data during 1984-2020. The data analysis methodsused were the vector error correction model (VECM) and the Granger causality test. The results showed that in the long run, exports and the exchange rate had a significant and negative effect on economic growth, while foreign debt had a positive and significant effect on economic growth. According to the Granger causality test, there was a two-way relationship between exports and economic growth and exports as the determining factor for economic growth. There was no Granger relationship between foreign debt and economic growth, although the foreign debt was a determining factor for economic growth. There was a Granger relationship between the exchange rate and economic growth, but the exchange rate was not a determining factor for economic growth, and there was also a Granger relationship between the exchange rate and exports, but the exchange rate did not determine exports. Keywords: economic growth, exports, foreign debt, and exchange rate

Item Type: Other
Subjects: E Economy, Accounting, Development > E11 Economy (General)
Depositing User: Asnawi Asnawi
Date Deposited: 15 Feb 2022 08:31
Last Modified: 15 Feb 2022 08:31
URI: http://repository.unimal.ac.id/id/eprint/6964

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