ANALISIS NILAI TUKAR RUPIAH DAN IMPLIKASINYA PADA PEREKONOMIAN INDONESIA: PENDEKATAN ERROR CORRECTION MODEL (ECM)
ABSTRACT: The changing of
exchange rate is due to interaction
between economic factors and non-economic factors. The aim of this research is
to analyse some factors that affect exchange rate and their implications on
Indonesian economy. Analytical method used in this research is explanatory
method is to test hypothesis about simultaneous relationship among variables
that research by developing the characteristics of verificative research by
doing some testing at every step of research. We used secondary data taken from
BI, BPS, World Bank and IFS. We used error correction model (ECM) to analysis
between independent variable and dependent variable in both the short run and
long run. The result of this research shows that ratio between domestic interest
rate and international interest rate did not affect negative and significantly to
exchange rate. Capital flow affected negative and significantly. Balance of payment
affected negative and significantly. Money supply affected positive and significantly.
According ECM method that used in this research shows that the methodology is
good to analyse because the magnitude of ECT is accept.
Keywords: investment rate,
efficiency, error correction model, error correction term
Penulis: Imamudin Yuliadi
Kode Jurnal: jpmanajemendd070057
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