Jurnal HUMMANSI (Humaniora, Manajemen, Akuntansi)
Vol 6 No 2 (2023): Jurnal HUMMANSI (Humaniora, Manajemen, dan Akuntansi)

Analisis Pengaruh Ekspor, Utang Luar Negeri, FDI dan Kunjungan Wisatawan Mancanegara Terhadap Cadangan Devisa di Indonesia

Anisa Aulia Fiddien (Universitas Ahmad Dahlan)
Muhammad Safar Nasir (Universitas Ahmad Dahlan)
Nurul Azizah Az Zakiyyah (Universitas Ahmad Dahlan)



Article Info

Publish Date
02 Oct 2023

Abstract

Every country requires foreign exchange reserves to support national development and as a crucial indicator for stabilizing the economy. The purpose of this study is to determine the impact of Exports, Foreign Debt, Foreign Direct Investment (FDI), and Foreign Tourist Arrivals on Foreign Exchange Reserves in Indonesia for the period 1992-2022. The data used in this research consists of secondary data, employing a time series model (ARDL), and utilizing Eviews version 10 software. The dependent variable utilized is Foreign Exchange Reserves, and the independent variables are Exports, Foreign Debt, FDI, and Foreign Tourist Arrivals. The data sources are obtained from Bank Indonesia (BI), the Central Bureau of Statistics (BPS), and the World Bank. The results of the data processing and research reveal that the variables of Exports and Foreign Debt have a positive and significant impact on foreign exchange reserves, whereas FDI and Foreign Tourist Arrivals do not affect Indonesia's foreign exchange reserves in the short term. However, in the long run, the variables that have a positive and significant impact are Exports and Foreign Tourist Arrivals. On the other hand, Foreign Debt and FDI do not influence Indonesia's foreign exchange reserves from 1992 to 2022.

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Journal Info

Abbrev

jurnal-hummansi

Publisher

Subject

Religion Humanities Computer Science & IT Decision Sciences, Operations Research & Management Social Sciences

Description

Jurnal HUMMANSI (Humaniora, Manajemen, Akuntansi) adalah jurnal berskala nasional yang mencakup kajian ilmu humaniora, manajemen dan akuntansi. Berdasarkan SK Ketua STIKOM Yos Sudarso No.18/STIKOM-YOS/KP/VI/2018 dan Surat Kepala Pusat Nasional ISSN PDII LIPI No. 0005.26231069/Jl.3.1/SK.ISSN/2018.09 ...