JEJAK
Vol 8, No 2 (2015): September 2015

The International Balance of Payments Role in the Economy of Indonesia

Astuti, Ismadiyanti P ( Economics and Business Faculty, Muhammadiyah Surakarta University)
Oktavilia, Shanty ( Economics Faculty, Semarang State University)
Rahman, Agus Rubianto ( Researcher at the Center for Political Research LIPI, Jakarta)



Article Info

Publish Date
10 Jun 2016

Abstract

The balance of payments is an indicator of economic fundamentals. Balance of payment describes the ability of a country to gain foreign exchange and foreign payments. This study aimed to analyze the determinants of the balance of payments on the Indonesian economy . It used  Thirlwall and Hussain models and also Duasa empirical model. This study used secondary data years 1987-2014, namely foreign exchange reserves, exports, foreign investment, the exchange rate and the real gross national income. The results showed that the performance of the balance of payments in Indonesia can be explained by the models shown in accordance with the hypothesis, but on several variables did not show a significant correlation.

Copyrights © 2015






Journal Info

Abbrev

jejak

Publisher

Subject

Economics, Econometrics & Finance

Description

JEJAK: Jurnal Ekonomi dan Kebijakan p-ISSN 1979-715X | e-ISSN 2460-5123 is a scientific journal that contains the results of research and theoretical studies in the field of economic development, especially on matters of economic policy in Indonesia was published by the Department of Economic ...