Economic Growth: Can be Influenced by Exports, Inflation, and Government Expenditure on ASEAN-7 Countries during the AFTA Period?

Frans Simatupang, Marselina Marselina

Abstract


The increase in the economy can be seen from the increase in export activities and government spending that have an impact on the increase in foreign exchange. The existence of inflation has an impact on the weakening of people's economic activities so that it has an impact on the weakening of the country's economy. However, inflation has a positive impact on a country's exports. The study analyzed the effect of exports, inflation and government expenditure on economic growth in ASEAN-7 countries from 2015 to 2019. Using Panel Data analysis method with RE model (Random Effect Model) as the best model used. The results of this study indicate a positive and significant relationship between exports and government expenditure on economic growth in ASEAN-7 countries, while inflation has a significant negative influence on economic growth in ASEAN-7 countries.

Keywords


Economic Growth; Exports; Government Expenditure; Inflation; Panel Data

Full Text:

PDF

References


Adianto, T. (2011). Analisis Pengaruh Penanaman Modal Asing (PMA), Penanaman Modal Dalam Negeri (PMDN), Dan Ekspor Total Terhadap Pertumbuhan Ekonomi Indonesia. Fakultas Ekonomi Dan Bisnis. Undergraduate Thesis. Universitas Islam Negeri Syarif Hidayatullah Jakarta.

Al-Masaeed, A. A., & Tsaregorodtsev, E. (2018). The Impact of Fiscal Policy on the Economic Growth of Jordan. International Journal of Economics and Finance, 10(10), 145. https://doi.org/10.5539/ijef.v10n10p145

Alshahrani, S., & Alsadiq, A. (2014). Economic Growth and Government Spending in Saudi Arabia: an Empirical Investigation. IMF Working Papers, 14(3), 1. https://doi.org/10.5089/9781484348796.001

Attari, M. I. J., & Javed, A. Y. (2013). Inflation, Economic Growth and Government Expenditure of Pakistan: 1980-2010. Procedia Economics and Finance, 5, 58–67. https://doi.org/10.1016/s2212-5671(13)00010-5

Azwar, A. (2016). Peran Alokatif Pemerintah melalui Pengadaan Barang/Jasa dan Pengaruhnya Terhadap Perekonomian Indonesia. Kajian Ekonomi Dan Keuangan, 20(2), 149–167. https://doi.org/10.31685/kek.v20i2.186

Case, K. E., & Fair, R. C. (2007). Prinsip-prinsip Ekonomi Jilid 2. Jakarta: Erlangga.

Dumairy, D. (2006). Perekonomian Indonesia. Erlangga. Jakarta.

Erbaykal, E. & Okuyan, H. A. (2008). Does Inflation Depress Economic Growth? Evidence from Turkey. International Research Journal of Finance and Economics, 17, 1450-2887.

Febriyanti, D. F. (2019). Pengaruh Ekspor dan Impor Terhadap Produk Domestik Bruto Indonesia Tahun 2008-2017. Ecoplan : Journal of Economics and Development Studies, 2(1), 10–20. https://doi.org/10.20527/ecoplan.v2i1.13

Gujarati, D. N. & Porter, D. C. (2009). Basic Econometrics. 5th Edition. McGraw Hill Inc., New York.

Husnain, M. I. U., Khan, M., Padda, I. U. H., Akram, N., & Haider, A. (2011). Public Spending, Foreign Direct Investment, and Economic Growth: A Time Series Analysis for Pakistan (1975-2008). International Research Journal of Finance and Economics, 61.

Jaya, M. D. (2014). Analisis Pengaruh Utang Luar Negeri, Penanaman Modal Asing (PMA) dan Ekspor Terhadap Produk Domestik Bruto Indonesia Tahun 1998-2012. Jurnal Ilmiah Mahasiswa Fakultas Ekonomi dan Bisnis, 2(2). https://jimfeb.ub.ac.id/index.php/jimfeb/article/view/1220

Karlina, B. (2017). Pengaruh Tingkat Inflasi, Indeks Harga Konsumen Terhadap PDB di Indonesia Pada Tahun 2011-2015. Jurnal Ekonomika Dan Manajemen, 6(1), 2252–6226. http://fe.budiluhur.ac.id/wp-content/uploads/2017/08/b.-berlian.pdf

Larasati, I. S., & Sulasmiyati, S. (2018). Pengaruh Inflasi, Ekspor dan Tenaga Kerja Terhadap Produk Domestik Bruto (Studi Pada Indonesia, Malaysia, Singapura dan Thailand). Jurnal Administrasi Bisnis, 63(1). http://administrasibisnis.studentjournal.ub.ac.id/index.php/jab/article/view/2694

Mahmoud, L. O. M. (2015). Consumer Price Index and Economic Growth: A Case Study of Mauritania 1990 – 2013. Asian Journal of Empirical Research, 5(2), 16–23. https://archive.aessweb.com/index.php/5004/article/view/3831

Marselina, M., & Enzovani, S. (2020). The effect of democracy on GDP in OECD Countries. Test, Engineering & Managemen, 5082-5086.

Nasir, M., & Sari, D. (2015). Pengaruh Pengeluaran Pemerintah, Ekspor, Infrastruktur Jalan dan Jumlah Penduduk Terhadap Pendapatan Nasional Indonesia. Jurnal Ekonomi Dan Kebijakan Publik Indonesia, 2(2), 93–104. https://jurnal.usk.ac.id/EKaPI/article/view/3695/0

Nur, M., & Naldi, N. (2016). Pengaruh Pengeluaran Pemerintah Dan Jumlah Uang Beredar Terhadap Pertumbuhan Ekonomi Indonesia. Jurnal Ekonomi KIAT, 26(1), 16-26. https://migrasi.journal.uir.ac.id/index.php/kiat/article/view/3018

Purnamasari, D. (2018). Pengaruh Pengeluaran Pemerintah Terhadap Produk Domestik Bruto Indonesia Tahun 2012-2016. Fakultas Ekonomi Dan Bisnis. Thesis. Universitas Muhammadyah Makassar.

Putri, I. A. (2021). Analisis Pengaruh Konsumsi, Investasi, dan Inflasi Terhadap Produk Domestik Bruto di Indonesia Tahun 2000-2019. Undergraduate Thesis. Universitas Muhammadiyah Surakarta.

Riski, N. S., & Triyono, T. (2018). Pengaruh Indeks Harga Konsumen, Kurs dan Suku Bunga Terhadap pertumbuhan Ekonomi di Indonesia Periode Tahun 1999-2015. Undergraduate Thesis. Universitas Muhammadiyah Surakarta.

Ronaldo, R. (2019). Analisis Pengaruh Ekspor Terhadap Pertumbuhan Ekonomi di Indonesia. Thesis. Universitas Atma Jaya Yogyakarta.

Setiawati, R. I. S. (2021). Buku Ajar Bisnis dan Perdagangan Internasional. FEB UPN Veteran Jawa Timur.

Silaban, P. S. M. J., & Rejeki, R. (2020). Pengaruh Inflasi, Ekspor dan Impor Terhadap PDB di Indonesia Periode 2015 – 2018. Niagawan, 9(1), 56. https://doi.org/10.24114/niaga.v9i1.17656

Siregar, I. M., Pratiwi, I., Nurhasanah, & Sinaga, S. (2019). Pengaruh Ekspor Terhadap Pertumbuhan Ekonomi Di Indonesia Periode Tahun 2013-2017. Jurnal Ekonomi Pendidikan, 7(2), 46–54. https://jurnal.unimed.ac.id/2012/index.php/ekodik/article/view/16533

Sugiyono, S. (2018). Metode Penelitian Kuantitatif Kualitatif dan R&D. Bandung: Alfabeta

Sujianto, A. E., & Azmi, M. F. U. (2020). Associative Study on Government Spending, Inflation, Trade Balance, and Gross Domestic Product. Ekuilibrium : Jurnal Ilmiah Bidang Ilmu Ekonomi, 15(1), 27–37. https://doi.org/10.24269/ekuilibrium.v15i1.2020.pp27-37

Surjaningsih, N., Utari, G. A. D., & Trisnanto, B. (2012). Dampak Kebijakan Fiskal Terhadap Output dan Inflasi. Buletin Ekonomi Moneter dan Perbankan, 14(4), 389–420. https://doi.org/10.21098/bemp.v14i4.365

Umaru, A., Zubairu, A. A., & Adama, M. A. (2012). Effect of Inflation on the Growth and Development of the Nigerian Economy (An Empirical Analysis). International Journal of Business and Social Science, 3, 18-19.

Wahyuni, H. (2004). The Role of Government in Economic Growth: Evidence From Asia and Pacific Countries. Jurnal Ekonomi & Bisnis Indonesia, 19(1), 71–81. https://jurnal.ugm.ac.id/jieb/article/view/6590

Widarjono, A. (2018). Ekonometrika, 4th. Yogyakarta: UPP STIM YKPN




DOI: https://doi.org/10.18196/jerss.v7i2.14819

Refbacks




Office:
Redaksi Journal of Economics Research and Social Sciences, Gedung E2 Lantai 2, Fakultas Ekonomi dan Bisnis, Universitas Muhammadiyah Yogyakarta
Jalan Brawijaya, Tamantirto, Kasihan, Bantul, Daerah Istimewa Yogyakarta 55183

Email: jerss@umy.ac.id

Telp: +62 812-3233-6697

Creative Commons License

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.