Journal of Malikussaleh Public Economics
Vol 4, No 1 (2021): JOURNAL OF MALIKUSSALEH PUBLIC ECONOMICS

THE EFFECT OF FLUCTUATION WORLD OIL PRICES AND THE RUPIAH EXCHANGE RATE ON ECONOMIC GROWTH IN INDONESIA

Ulfa Ajnura (Fakultas Ekonomi dan Bisnis, Universitas Malikussaleh)
Hijri Juliansyah (Fakultas Ekonomi dan Bisnis, Universitas Malikussaleh)



Article Info

Publish Date
12 Aug 2021

Abstract

This study examined the effect of fluctuations in world oil prices and the rupiah exchange rate on economic growth in Indonesia in the short and long term. This study used time-series data for 31 years. The analytical model used was the Autoregressive Distributed Lag model. The results show in the short term showed that world oil prices had a positive but insignificant effect on economic growth in Indonesia, while the rupiah exchange rate had a negative and significant effect on economic growth in Indonesia. In the long term, world oil prices had a positive and significant effect on economic growth in Indonesia. The rupiah exchange rate has a negative and significant effect on economic growth in Indonesia. It indicated that in the short term, the rupiah exchange rate had an influence or contribution to economic growth in Indonesia, and in the long term, world oil prices had an effect or contribution to economic growth in Indonesia.

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Journal Info

Abbrev

jompe

Publisher

Subject

Economics, Econometrics & Finance Education

Description

Fokus Kajian dalam Jurnal ini Adalah Pengeluaran Pemerintah , Pendapatan Pemerintah,Penetua Kebijakan Pemerintah dan Perusahaan, Penerapan Ekonomi Modern, Metode analissi ...