Analisis Faktor Makroekonomi Terhadap Pertumbuhan Perekonomian Di Indonesia

Andaru Rachmaning Dias Prayitno; Muh. Imaduddin Akbar; Maula Fadhilata Rahmatika; Febrian

doi:10.26740/independent.v5i3.74303

Authors

Andaru Rachmaning Dias Prayitno Universitas Negeri Surabaya
Muh. Imaduddin Akbar Universitas Negeri Surabaya
Maula Fadhilata Rahmatika Universitas Negeri Surabaya
Febrian Universitas Negeri Surabaya

DOI:

https://doi.org/10.26740/independent.v5i3.74303

Keywords:

Pertumbuhan Ekonomi, Suku Bunga, Exchange Rate, Inflation, Indonesia

Abstract

This study aims to analyze the influence of key macroeconomic factors, namely interest rate (BI Rate), Rupiah/USD exchange rate, and inflation on Indonesia's economic growth during the 2011–2019 period. The research method used is quantitative with a linear regression analysis approach using quarterly time-series data. The model was estimated using the Ordinary Least Squares (OLS) method after passing classical assumption tests. The results show that simultaneously, all three variables have a significant effect on economic growth. However, partially, only interest rate and exchange rate show significant negative impacts, where a 1% increase in each variable reduces economic growth by 0.13% and 2.06%, respectively. Inflation has no significant effect, likely due to its relative stability during the observation period. The study concludes that interest rate and exchange rate are consistent macroeconomic factors influencing Indonesia's economic growth performance before the pandemic period.

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