Educational Studies: Conference Series
Vol. 3 No. 1 (2023)

ANALYSIS DETERMINANTS THE VELOCITY OF MONEY IN INDONESIA

Dewi Novitasari (Unknown)
Astuti, Ratna Fitri (Unknown)
Sutrisno, Sutrisno (Unknown)



Article Info

Publish Date
31 Dec 2023

Abstract

This study aims to analyze the effect of gross domestic product, inflation, and interest rates on the velocity of money in Indonesia for the period 2011 quarter I to 2020 quarter IV. This type of research is descriptive research with a quantitative approach. Research data was obtained from publications by the Central Bureau of Statistics (BPS) and Bank Indonesia. The data analysis technique used Multiple Linear Regression using Eviews 12. The results stated that the gross dometic product variable partially had a negative and significant effect on velocity of money, this was indicated by the value of t count > t table, which is -4.002220 > 2.021075, while the inflation variable has no effect on velocity of money with the value of t calculate < t table, which is -0.084848 < 2.021075 and the variable interest rate has a positive effect on velocity of money with the value of t calculate > t table, which is 3.200801 > 2.021075. Simultaneously (together) gross domestic product, inflation, and interest rates have a significant effect on the velocity of money in Indonesia with f calculated > f table which is 27.04354 > 2.838745.

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Journal Info

Abbrev

escs

Publisher

Subject

Arts Humanities Education Other

Description

Educational Sciences: Conference Series is a multidisciplinary peer-reviewed journal that contains articles in the field of education that are the result of research from various authors presented in various seminars in the Faculty of Teacher Training and Education, Mulawarman University. It is ...