Esti Pasaribu
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Efektifitas Transmisi Kebijakan Moneter Indonesia Jalur Nilai Tukar Pada Masa Pandemi Covid-19 Esti Pasaribu; Ratu Eva Febriani; Septriani Septriani
PARETO : Jurnal Ekonomi dan Kebijakan Publik Vol 3 No 2 (2020): PARETO
Publisher : Fakultas Ekonomi Universitas Prof. Dr. Hazairin, SH. Bengkulu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32663/pareto.v3i2.1493

Abstract

This study aims to examine the effectiveness of the exchange rate channel in transmitting monetary policy in Indonesia for the 2002-2020 period. The ultimate target of monetary policy in Indonesia as a measure of the effectiveness of the transmission mechanism in this research is inflation. The data used in this research is secondary data and the form of data is monthly data. The time series data include inflation rates, rupiah exchange rates, SBI interest rates, international interest rates, net imports, and net foreign assets. The analytical tool used in this study is Error Corection Model (ECM) by looking at how the real sector respons to policies issued by the government both in the short and long term. The result is that the exchange rate channel monetary policy has a sovereign affects inflation within two months.
Investasi Asing Langsung dan Pertumbuhan Ekonomi: Perbandingan Empiris Indonesia dan Singapura Eko Atmayudi Gandhi; Esti Pasaribu; Retno Agustina Ekaputri; Ratu Eva Febriani
Ecoplan Vol 5 No 2 (2022)
Publisher : Jurusan Ilmu Ekonomi dan Studi Pembangunan Fakultas Ekonomi dan Bisnis Universitas Lambung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20527/ecoplan.v5i2.563

Abstract

This study assesses the causal relationship to see whether the investment will affect economic growth. The data was taken from 1970-2020 in unit percentages, so the results obtained will lead to the research objectives. This research is also the direction of the relationship between two variables using several tests, namely the Granger Casualty and Error Correction Model (ECM). The results show a one-way causal relationship between FDI and economic growth and determine the lag that has been tested. The optimal lag in the second year of FDI is proven to affect economic growth in Indonesia in two years. There is a long-term and short-term relationship when direct investment affects Singapore's economic growth in the period 1970-2020. As a developed country, the creation of a one-way causal relationship, foreign direct investment is proven to affect economic growth. Thus, compared to developing countries such as Indonesia, where the optimal lag test is carried out, the one-way relationship of foreign investment is proven to affect Singapore's economic growth within two years, including the long term. And the short-term relationship when direct investment involves economic growth.
Do Corruption, Financial Deepening, and Inflation Drive Economic Growth in Sumatra? Ratu Eva Febriani; Nauval Zaky Filloza; Retno Agustina Ekaputri; Esti Pasaribu
Jurnal REP (Riset Ekonomi Pembangunan) Vol. 8 No. 2 (2023): Oktober 2023
Publisher : Universitas Tidar

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Abstract

This study investigates whether the effect of corruption, financial deepening, and inflation on economic growth exists employing panel regression of 10 provinces on the island of Sumatra over the period 2012-2020. Using the fixed effect model as the best model, the results confirm that between corruption, financial deepening, inflation and economic growth, a simultan relationship exists. Moreover, the FEM panel regression estimations indicate that corruption does not significantly affect economic growth, whereas financial deepening and inflation positively affect economic growth. The policy implication is that, for every province in Sumatra Island, boosting financial deepening and inflation can help promote economic growth. The policy effects are related to the prosperity of different regions.