Muhammad Refo Sayuti
Fakultas Ekonomi dan Bisnis Universitas Malikussaleh

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ANALYSIS OF FOREIGN DEBT IN INDONESIA Muhammad Refo Sayuti; Ichsan Ichsan; Khairil Anwar
Journal of Malikussaleh Public Economics Vol 4, No 2 (2021): JOURNAL OF MALIKUSSALEH PUBLIC ECONOMICS
Publisher : LPPM Universitas Malikussaleh

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29103/jmpe.v4i2.6044

Abstract

This study aims to determine the short run and long-run effects of foreign exchange reserves, exports, and the dollar exchange rate on the foreign debts of Indonesia. This study uses time-series data during 1994-2020. The study employs the Autoregressive Distributed  Lag  (ARDL)  approach  with  the  help  of  Eviews  9. The results in the short-run equation model showed that the foreign exchange reserve had a positive and significant effect on the foreign debts of Indonesia, while exports and the exchange rate dollar has a positive but insignificant effect on the foreign debts of Indonesia. In the long run, the foreign exchange reserves and exports has a negative and insignificant effect on the foreign debts of Indonesia, while the dollar exchange rate has a positive but insignificant effect on Indonesia's foreign debt.