International Journal of Economics Development Research (IJEDR)
Vol. 2 No. 1 (2021): International Journal of Economics Development Research

Analysis of Cointegration and VECM of FDI, Labor Force, Government Expenditure and GDP in Indonesia (2005-2019)

Danang Indrajaya (STIMIK ESQ)

Article Info

Publish Date
04 Jan 2021

Abstract

This paper studied the effect of labor force, government expenditure and FDI on GDP of Indonesia (2005-2019) by cointegration analysis and VECM. In the short-term, GDP, labor force and government expenditure significantly affect GDP of Indonesia, while FDI does not significantly affect Indonesia’s GDP. However, in the long term, GDP, labor force, government expenditure and FDI have a significant affect GDP of Indonesia. The government must ensure that there are no shocks in GDP, labor force, government expenditure and FDI of Indonesia. Because any shocks that occur in these variables will also have an impact on the GDP of Indonesia.   Keywords: GDP, Labor Force, FDI, Government Expenditure     

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Journal Info
International Journal of Economics Development Research (IJEDR)
Website

Abbrev

ijedr

Publisher

Yayasan Pendidikan Riset dan Pengembangan Intelektual

Subject

Economics, Econometrics & Finance Social Sciences

Description

IJEDR focuses on economics, innovation, and investment. Dedicated to enhancing economics development a country, regional and the world in general. IJEDR invites papers on Economics field (Economic growth, Monetary and fiscal policy effect, Innovation practices, Innovation impact, Corporate finance, ...