Dinamika Ekonomi - Jurnal Ekonomi dan Bisnis
Vol 15 No 2 (2022): DINAMIKA EKONOMI Jurnal Ekonomi dan Bisnis Vol.15 No.2 September 2022

Kausalitas Utang Luar Negeri dan Pertumbuhan Ekonomi di Indonesia: Aplikasi Richardian Equivalence Hypothesis

Birgitta Dian Saraswati (FEB Univ Kristen Satya Wacana)
Gabriella Gabriella (UNIVERSITAS KRISTEN SATYA WACANA)

Article Info

Publish Date
30 Sep 2022

Abstract

This study aims to identify the causal relationship between foreign debt and economic growth and to identify the direction and influence between foreign debt and economic growth in Indonesia, both in the short term and in the long term. By using the Granger causality test method and the estimation of the error correction model with a time period of 1990-2019, this study shows that there is a one-way causality relationship between foreign debt and economic growth in Indonesia. Foreign debt affects economic growth both in the short term and in the long term. This proves that the Richardian Equivalence Hypothesis which states that foreign debt has no effect on economic growth has not been proven to occur in Indonesia.

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Journal Info
Dinamika Ekonomi - Jurnal Ekonomi dan Bisnis
Website

Abbrev

jdeb

Publisher

STIE Nasional Banjarmasin

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Environmental Science Social Sciences Other

Description

Jurnal dinamika Ekonomi adalah jurnal ilmiah yang diterbitkan oleh Sekolah Tinggi Ilmu Ekonomi Nasional Banjarmasin. Terbit pertama kali tahun 2004. Dari tahun ke tahun jurnal ini tumbuh dan terus hadir hingga saat ini. Jurnal Dinamika Ekonomi mempunyai tujuan mengembangkan kajian ilmiah di bidang ...