The Effect of Foreign Debt, Workforce, and Net Exports on Indonesia's Economic Growth in Period of 1986 Q1 - 2020 Q4

International Journal of Economics and Management Studies

© 2022 by SSRG - IJEMS Journal

Volume 9 Issue 2

Year of Publication : 2022

Authors : Nur Annisa, Nairobi, Arivina Ratih Yulihar Taher

10.14445/23939125/IJEMS-V9I2P101

How to Cite?

Nur Annisa, Nairobi, Arivina Ratih Yulihar Taher, "The Effect of Foreign Debt, Workforce, and Net Exports on Indonesia's Economic Growth in Period of 1986 Q1 - 2020 Q4," SSRG International Journal of Economics and Management Studies, vol. 9,  no. 2, pp. 1-6, 2022. Crossref, https://doi.org/10.14445/23939125/IJEMS-V9I2P101

Abstract:

The purpose of this study is to analyze the effect of foreign debt, labor force, and net exports on economic growth in Indonesia. The data used is time-series data for the period 1986 first quarter to 2020 fourth quarter. The results of this study include; the foreign debt variable has a negative and significant effect on economic growth in Indonesia, while the labor force and net exports variables each have a positive and significant impact on economic growth in Indonesia. The results of the study show that Indonesia's choice to choose foreign debt as capital to cover the budget deficit is not the right thing.

Keywords:

Economic growth, External debt, Labor force, Net exports.

References:

[1] Akalpler, E., & Shamadeen, B. The role of net export on economic growth in the United States of America. Journal of Applied Economic Sciences, 12(3) (2017) 772–781.
[2] Anwar, K. Analisis Dampak Defisit Anggaran terhadap Ekonomi Makro di Indonesia. Jejaring Administrasi Publik, 6(2) (2014).
[3] Ardianti, M. Y., Ayu, D., & Swara, W. Y. Pengaruh Ekspor Neto, Kurs, PDB dan Utang Luar Negeri terhadap Cadangan Devisa Indonesia 1997-2016. E-Jurnal EP Unud, 6(7) (2018) 1199–1227.
[4] Bank Indonesia. (2021). Utang Luar Negeri Indonesia. https://www.bi.go.id/id/publikasi/ruang-media/news-release/Pages/sp_2326321.aspx.
[5] Bappenas. (2021). Rencana Kerja Pemerintah. https://www.bappenas.go.id/datapublikasishow?q=Rencana Pembangunan dan Rencana Kerja Pemerintah
[6] Basten, E. Van, Hudayah, S., & Gani, I. (2021). Pengaruh Utang Luar Negeri terhadap Pertumbuhan Ekonomi dan Dampaknya pada Pengangguran Terbuka di Indonesia. Forum Ekonomi, 1, (2021) 340–350.
[7] Eliza, Y. Pengaruh Investasi, Angkatan Kerja dan Pengeluaran Pemerintah terhadap Pertumbuhan Ekonomi di Sumatera Barat. Pekbis Jurnal, 7(3) (2015) 200–210.
[8] Fauziyah, D. U., Lilis, Y., & Edi, S. Pengaruh Ekspor Neto, FDI Dan Nilai Tukar Terhadap Pertumbuhan Ekonomi di Indonesia Periode 2005.I-2014.IV. Artikel Ilmiah Mahasiswa (2012).
[9] Haq, N., & Yuliadi, I. Analisis Pengaruh Investasi, Angkatan Kerja dan Pendidikan Terhadap Pertumbuhan Ekonomi di Pulau Kalimantan. Journal of Economics Research and Social Sciences, 2(2) (2018).
[10] Levine, R., & Renelt, D. A sensitivity analysis of cross-country growth regressions. American Economic Review (1992).
[11] Mankiw, N. G. Pengantar Ekonomi Makro. Salemba Empat, Jakarta. (2013).
[12] Pattillo, C., Poirson, H., & Ricci L.. External Debt and Growth. International Monetary Fund Working, 69 (2002) 1-47.
[13] Salvatore, D. Theory and Problem of Micro Economic Theory (3rd ed.). Penebit Erlangga. (2004).
[14] Sari, S. Analisis Utang Luar Negeri, Sukuk, Inflasi dan Tingkat Suku Bunga terhadap Pertumbuhan Ekonomi Indonesia. Jurnal Riset Pendidikan Ekonomi (JRPE), 5(2) (2020).
[15] Sjafrizal. Perencanaan Pembangunan Daerah Dalam Era Otonomi. PT Rajagrafindo Persada. (2018).
[16] Syapparuddin, Umiyati, Etik, & Kusuma, J. Pengaruh Hutang Luar Negeri Terhadap Pertumbuhan Ekonomi Indonesia, Thailand, Malaysia, Fhilipina, Vietnam, dan Burma 1990-2013. Jurnal Paradigma Ekonomika, 1(10) (2015).
https://doi.org/https://doi.org/10.22437/paradigma.v10i1.3650
[17] Todaro, P. M. Pembangunan Ekonomi. Erlangga. (2011).
[18] Weber, L. Marketing to Social Web : How Digital Customer Communities Build Your Business. (2009).