THE EFFECT OF FOREIGN LOAN, FOREIGN EXCHANGE RATE, INFLATION, THE FED RATE AND EXPORTS ON ECONOMIC GROWTH
Edy Juwono Slamet; Muryani; M. Khoerul mubin; Pelangi Dewi Utami
UNIVERSITAS AIRLANGGA
Abstract
Indonesia is one of the countries experiencing economic growth problems. The purpose of this study is to examine and analyze the effect of foreign loans,the exchange rate of rupiah/ USD, inflation, the Fed Rate, and exports to Indonesias economic growth. The method of research in this study is ECM with period 2004 quarter I-2016 quarter IV. The conclusion is that in the long term, the variable of rupiah/USD exchange rate(X2) has a significant negative effect on economic growth, The Fed Rate(X4) has a significant positive effect on economic growth,and exports(X5)have a significant positive effect on economic growth,while in the short term variable exports(X5) have a significant positive effect on economic growth.
Keywords: economic growth, foreign loans,the rupiah/USD exchange rate,the Fed rate, inflation, exports
Topic: Modeling, Simulation and Optimization