Nusantara Science and Technology Proceedings
1st ICEMAC 2020: International Conference on Economics, Management, and Accounting

The Impact of Remittance toward Indonesia’s Economic Growth

Nur Siti Annazah (Ministry of Manpower, Indonesia)
Ivan Lilin Suryono (Ministry of Manpower, Indonesia)



Article Info

Publish Date
15 Jun 2021

Abstract

This paper aims to find the impact of remittance on Indonesia’s economic growth. Variable used are remittance, PMTB, import, and economic growth obtained from World Development Indicator (WDI) from 1988 to 2018. Regression analysis of ARDL Cointegration is utilized in finding out remittance, PMTB, and import toward economic growth both for short-term and long-term. The result of the analysis shows that remittance affects long-term economic growth. PMTB variable can increase economic growth both for the short-term and long-term. Import variables can increase economic growth in the short-term, but it decreases economic growth in the long-term. The result shows that external factors need to be paid attention to more by the government because they can contribute toward national economic growth.

Copyrights © 2020






Journal Info

Abbrev

nuscientech

Publisher

Subject

Agriculture, Biological Sciences & Forestry Chemical Engineering, Chemistry & Bioengineering Economics, Econometrics & Finance Engineering Law, Crime, Criminology & Criminal Justice Materials Science & Nanotechnology Medicine & Pharmacology

Description

NST Proceeding supports regional research communities to globalise their findings in Science and Technology by providing an open access, online platform in line with international publishing standards and indexing scholarly conference proceedings. The current emphasis of the NST Proceeding includes ...