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Journal : Journal of Business Management and Economic Development

The Effect of International Trade on Foreign Exchange Reserves in Indonesia 2016-2021 Zendato, Novita Ria; Sekali, Andri Agrifa Karo; Matondang, Khairani
Journal of Business Management and Economic Development Том 1 № 01 (2023): January 2023
Publisher : Pt. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/jbmed.v1i01.35

Abstract

This study was conducted to analyze BPS data to find out where international trade, such as imports and exports, has an impact on Indonesia's foreign exchange. The study was conducted by collecting data from various statistical databases available at BPS. The Data were reviewed from the period 2016 to 2021. A quantitative study of the impact of international trade on currencies using the difference between exports (x1) and imports (x2) and currencies (y). Multiple analysis using SPSS applications 22. Based on the research results of data analysis, it can be concluded that international trade ie. imports and exports have a significant impact on the Indonesian currency. Exports and imports have different roles in the impact of currency, exports can lead to currency declines.
Comparison of Capitalist and Socialist Economic Models in International Trade Salimah, Nur; Siallagan, Maya Adelina; Banjarnahor, Heru Elpando; Matondang, Khairani
Journal of Business Management and Economic Development Том 1 № 01 (2023): January 2023
Publisher : Pt. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/jbmed.v1i01.39

Abstract

This study discusses the comparison between capitalist and socialist economic models in the context of international trade. A qualitative approach is used by analyzing references from several books and journals related to this topic. The research results show that in the capitalist economic model, international trade is used as a means to increase profits and economic growth, by prioritizing the interests of individuals and private companies. On the other hand, in the social economic model, international trade is seen more as a tool to meet people's needs and increase the distribution of wealth, with the pressure of collective ownership and the government as regulator. Although both have their advantages and disadvantages, this research shows that in the context of international trade, the social economic model has more potential to create more equitable distribution and social justice the original work.
Implementation of the GATT State Rates Policy on International Trade Marbun, Sonia Hapsari; Febrianti, Dwi; Matondang, Khairani
Journal of Business Management and Economic Development Том 1 № 01 (2023): January 2023
Publisher : Pt. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/jbmed.v1i01.40

Abstract

Tariff policy can be interpreted as a systematic arrangement of duties levied on goods and services that cross national borders. The purpose of this research is to find out how the implementation of tariffs or international agreements related to international trade, especially the General Tariffs and Trade (GATT) agreement. This research uses quantitative research methods through a descriptive research approach. The results of this study are GATT countries usually use a lot of tariff policies to protect domestic production and also to attract revenue to the country. Even though it is permissible, the use of these tariffs is still subject to GATT provisions and many rules and agreements issued by GATT.
Influence of Rupiah Exchange Rate on Indonesia’s Economic Growth: Literature Study Silaban, Sella; Aadilah, Hilmi; Matondang, Khairani
Journal of Business Management and Economic Development Том 1 № 02 (2023): May 2023
Publisher : Pt. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/jbmed.v1i02.48

Abstract

In the international economy, the exchange rate has an important role as a transaction tool. Its existence clearly affects the economy of a country both nationally and internationally. In Indonesia, the rupiah exchange rate is pegged to the US dollar, because international trade is dominated by transactions in US dollars. The increase in the rupiah exchange rate caused the rupiah to depreciate against the US dollar. This study aims to determine how the effect of the rupiah exchange rate on Indonesia's economic growth every year. This research is a qualitative descriptive research through a review of literature studies originating from journals, books and sources of accurate information. From the review of literature studies it is known that the variable exchange rate of the rupiah against foreign currencies has a significant effect and has a negative sign. This is evidenced by the growth rate of Gross Domestic Product (GDP) compared to the rupiah exchange rate. This means that when the rupiah exchange rate depreciates (the dollar appreciates), economic growth will decrease. And conversely if the rupiah exchange rate appreciates (the dollar depreciates) it will cause economic growth to increase.