DETERMINATION UF THE USE OF E-MONEY ON INDONESIAN ECONOMIC GROWTH
Abstract
Economic growth can be interpreted as an increase in economic productivity figures which can also be seen from an increase in national income with one of the supporting components of economic growth, namely technological progress. Along with technological advances, especially in retail payment systems, e-money is a payment alternative that has great potential in efforts to increase Indonesia's economic growth. This research aims to determine the determination of the use of e-money on Indonesia's economic growth by using economic growth as the dependent variable, while e-money, money supply, inflation and exchange rates as independent variables. The method used is Autoregressive Distributed Lag (ARDL) using time series data from Q1 2011 to Q4 2022. Based on the research that has been carried out, it can be concluded that in the short term e-money and the amount of money in circulation have a positive and significant influence on economic growth. Meanwhile, inflation and exchange rates have no effect on economic growth. The limitation of this research is that there is no long-term influence between all independent variables and the dependent variable. This means that monetary policy has an influence on Indonesia's economic growth, especially in maintaining the stability of the currency value. The increasing volume of e-money use and the amount of money in circulation will significantly increase economic growth.
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A'yun, I. Q., & Khasanah, U. (2022). The Impact of Economic Growth and Trade Openness on Environmenta Degradation : Evidence from A Panel of ASEAN Countries. Jurnal Ekonomi & Studi Pembangunan, 23(1), 81-92. doi:https://doi.org/10.18196/jesp.v23i1.13881
Hussain, M., Firmansyah, R., Lubis, F. R., & Basia, L. (2023). Analysis of Oil and Gas Exports Imports on the Indonesian Rupih Exchange Rate in 1980-2020. Journal of Asset Management and Public Economy (JAMPE), 2(1), 17-27.
Kurniawan, M. L., & A'yun, I. Q. (2022). Dynamic Analysis On Export, FDI and Growth in Indonesia: An Autoregressive Distributed Lag (ARDL) Model. Journal of Economics, Business, & Accountancy Ventura, 24(3), 350-362. doi:https://doi.org/10.14414/jebav.v24i3.2717
Kurniawan, M. L., A'yun, I. Q., & Perwithosuci, W. (2022). Money Demand in Indonesia : Does Economc Uncertainty Matter? Jurnal Ekonomi & Studi Pembangunan, 23(2), 231-244. doi:https://doi.org/10.18196/jesp.v23i2.15876
Lestari, A. (2017). Ekonomi Moneter. Bogor: In Media.
Putri, R. P., Heriberta, & Emilia. (2018). Pengaruh inflasi, investasi asing langsung dan pengeluaran pemerintah terhadap pertumbuhan ekonomi Indonesia. Jurnal Paradigma Ekonomika, 13(2), 95-104.
Restiasanti, I., & Yuliana, I. (2023). Pengaruh Inflasi dan Nilai Tukar Terhadap Pertumbuhan Ekonomi Dengn Penerimaan Pajak Sebagai Variabel Moderasi. Al-Kharaj: Jurnal Ekonom, Keuangan & Bisnis Syariah, 5(1), 316-333. doi:https://doi.org/10.47467/alkharaj.v5i1.1203
Salim, A., & Suripto. (2023). Does Prudential Capital Reduce Bank Risk-Taking? Empirical Evidence From The Indonesian Banks Industry. Jurnal Ekonmi & Studi Pembangunan, 24(1), 182-197. doi:https://doi.org/10.18196/jesp.v24i1.17696
Subianti, S., R, H. A., L, R. A., M, H. I., & Nasir, M. S. (2019). Exchange rate votality and exports: a panel data analysis for 5 ASEAN countries. Journal of Physcis, 1-6. doi:https://doi.org10.1088/1742-6596/1217/1/012089
Wijaya, A. P. (2021). PENGARUH PENGGUNAAN UANG ELEKTRONIK, JUMLAH UANG BEREDAR, DAN INFLASI TERHADAP PERTUMBUHAN EKONOMI INDONESIA. Proceeding Seminar Nasional & Call For Papers, 206-212.
Yuniarti, D., & Sukarniati, L. (2021). Penuaan Petani dan Determinan Penambahan Tenaga Kerja di Sektor Pertanian. Agriekonomika, 10(1), 38-50. doi:https://doi.org/10.21.107/agriekonomika.v10i1.9789
zakiyyah, N. A., Lubis, F. R., & Wahyuni, I. (2023). Determinants of Poverty In Indonesia. EKO-REGIONAL : Jurnal Pembangunan Ekonomi WIlayah, 18(2), 210-222. doi:https://doi.org/10.32424/1.erjpe.2023.18.2.3182
A'yun, I. Q., & Khasanah, U. (2022). The Impact of Economic Growth and Trade Openness on Environmenta Degradation : Evidence from A Panel of ASEAN Countries. Jurnal Ekonomi & Studi Pembangunan, 23(1), 81-92. doi:https://doi.org/10.18196/jesp.v23i1.13881
Hussain, M., Firmansyah, R., Lubis, F. R., & Basia, L. (2023). Analysis of Oil and Gas Exports Imports on the Indonesian Rupih Exchange Rate in 1980-2020. Journal of Asset Management and Public Economy (JAMPE), 2(1), 17-27.
Kurniawan, M. L., & A'yun, I. Q. (2022). Dynamic Analysis On Export, FDI and Growth in Indonesia: An Autoregressive Distributed Lag (ARDL) Model. Journal of Economics, Business, & Accountancy Ventura, 24(3), 350-362. doi:https://doi.org/10.14414/jebav.v24i3.2717
Kurniawan, M. L., A'yun, I. Q., & Perwithosuci, W. (2022). Money Demand in Indonesia : Does Economc Uncertainty Matter? Jurnal Ekonomi & Studi Pembangunan, 23(2), 231-244. doi:https://doi.org/10.18196/jesp.v23i2.15876
Lestari, A. (2017). Ekonomi Moneter. Bogor: In Media.
Putri, R. P., Heriberta, & Emilia. (2018). Pengaruh inflasi, investasi asing langsung dan pengeluaran pemerintah terhadap pertumbuhan ekonomi Indonesia. Jurnal Paradigma Ekonomika, 13(2), 95-104.
Restiasanti, I., & Yuliana, I. (2023). Pengaruh Inflasi dan Nilai Tukar Terhadap Pertumbuhan Ekonomi Dengn Penerimaan Pajak Sebagai Variabel Moderasi. Al-Kharaj: Jurnal Ekonom, Keuangan & Bisnis Syariah, 5(1), 316-333. doi:https://doi.org/10.47467/alkharaj.v5i1.1203
Salim, A., & Suripto. (2023). Does Prudential Capital Reduce Bank Risk-Taking? Empirical Evidence From The Indonesian Banks Industry. Jurnal Ekonmi & Studi Pembangunan, 24(1), 182-197. doi:https://doi.org/10.18196/jesp.v24i1.17696
Subianti, S., R, H. A., L, R. A., M, H. I., & Nasir, M. S. (2019). Exchange rate votality and exports: a panel data analysis for 5 ASEAN countries. Journal of Physcis, 1-6. doi:https://doi.org10.1088/1742-6596/1217/1/012089
Wijaya, A. P. (2021). PENGARUH PENGGUNAAN UANG ELEKTRONIK, JUMLAH UANG BEREDAR, DAN INFLASI TERHADAP PERTUMBUHAN EKONOMI INDONESIA. Proceeding Seminar Nasional & Call For Papers, 206-212.
Yuniarti, D., & Sukarniati, L. (2021). Penuaan Petani dan Determinan Penambahan Tenaga Kerja di Sektor Pertanian. Agriekonomika, 10(1), 38-50. doi:https://doi.org/10.21.107/agriekonomika.v10i1.9789
zakiyyah, N. A., Lubis, F. R., & Wahyuni, I. (2023). Determinants of Poverty In Indonesia. EKO-REGIONAL : Jurnal Pembangunan Ekonomi WIlayah, 18(2), 210-222. doi:https://doi.org/10.32424/1.erjpe.2023.18.2.3182
A'yun, I. Q., & Khasanah, U. (2022). The Impact of Economic Growth and Trade Openness on Environmenta Degradation : Evidence from A Panel of ASEAN Countries. Jurnal Ekonomi & Studi Pembangunan, 23(1), 81-92. doi:https://doi.org/10.18196/jesp.v23i1.13881
Hussain, M., Firmansyah, R., Lubis, F. R., & Basia, L. (2023). Analysis of Oil and Gas Exports Imports on the Indonesian Rupih Exchange Rate in 1980-2020. Journal of Asset Management and Public Economy (JAMPE), 2(1), 17-27.
Kurniawan, M. L., & A'yun, I. Q. (2022). Dynamic Analysis On Export, FDI and Growth in Indonesia: An Autoregressive Distributed Lag (ARDL) Model. Journal of Economics, Business, & Accountancy Ventura, 24(3), 350-362. doi:https://doi.org/10.14414/jebav.v24i3.2717
Kurniawan, M. L., A'yun, I. Q., & Perwithosuci, W. (2022). Money Demand in Indonesia : Does Economc Uncertainty Matter? Jurnal Ekonomi & Studi Pembangunan, 23(2), 231-244. doi:https://doi.org/10.18196/jesp.v23i2.15876
Lestari, A. (2017). Ekonomi Moneter. Bogor: In Media.
Putri, R. P., Heriberta, & Emilia. (2018). Pengaruh inflasi, investasi asing langsung dan pengeluaran pemerintah terhadap pertumbuhan ekonomi Indonesia. Jurnal Paradigma Ekonomika, 13(2), 95-104.
Restiasanti, I., & Yuliana, I. (2023). Pengaruh Inflasi dan Nilai Tukar Terhadap Pertumbuhan Ekonomi Dengn Penerimaan Pajak Sebagai Variabel Moderasi. Al-Kharaj: Jurnal Ekonom, Keuangan & Bisnis Syariah, 5(1), 316-333. doi:https://doi.org/10.47467/alkharaj.v5i1.1203
Salim, A., & Suripto. (2023). Does Prudential Capital Reduce Bank Risk-Taking? Empirical Evidence From The Indonesian Banks Industry. Jurnal Ekonmi & Studi Pembangunan, 24(1), 182-197. doi:https://doi.org/10.18196/jesp.v24i1.17696
Subianti, S., R, H. A., L, R. A., M, H. I., & Nasir, M. S. (2019). Exchange rate votality and exports: a panel data analysis for 5 ASEAN countries. Journal of Physcis, 1-6. doi:https://doi.org10.1088/1742-6596/1217/1/012089
Wijaya, A. P. (2021). PENGARUH PENGGUNAAN UANG ELEKTRONIK, JUMLAH UANG BEREDAR, DAN INFLASI TERHADAP PERTUMBUHAN EKONOMI INDONESIA. Proceeding Seminar Nasional & Call For Papers, 206-212.
Yuniarti, D., & Sukarniati, L. (2021). Penuaan Petani dan Determinan Penambahan Tenaga Kerja di Sektor Pertanian. Agriekonomika, 10(1), 38-50. doi:https://doi.org/10.21.107/agriekonomika.v10i1.9789
zakiyyah, N. A., Lubis, F. R., & Wahyuni, I. (2023). Determinants of Poverty In Indonesia. EKO-REGIONAL : Jurnal Pembangunan Ekonomi WIlayah, 18(2), 210-222. doi:https://doi.org/10.32424/1.erjpe.2023.18.2.3182
A'yun, I. Q., & Khasanah, U. (2022). The Impact of Economic Growth and Trade Openness on Environmenta Degradation : Evidence from A Panel of ASEAN Countries. Jurnal Ekonomi & Studi Pembangunan, 23(1), 81-92. doi:https://doi.org/10.18196/jesp.v23i1.13881
Hussain, M., Firmansyah, R., Lubis, F. R., & Basia, L. (2023). Analysis of Oil and Gas Exports Imports on the Indonesian Rupih Exchange Rate in 1980-2020. Journal of Asset Management and Public Economy (JAMPE), 2(1), 17-27.
Kurniawan, M. L., & A'yun, I. Q. (2022). Dynamic Analysis On Export, FDI and Growth in Indonesia: An Autoregressive Distributed Lag (ARDL) Model. Journal of Economics, Business, & Accountancy Ventura, 24(3), 350-362. doi:https://doi.org/10.14414/jebav.v24i3.2717
Kurniawan, M. L., A'yun, I. Q., & Perwithosuci, W. (2022). Money Demand in Indonesia : Does Economc Uncertainty Matter? Jurnal Ekonomi & Studi Pembangunan, 23(2), 231-244. doi:https://doi.org/10.18196/jesp.v23i2.15876
Lestari, A. (2017). Ekonomi Moneter. Bogor: In Media.
Putri, R. P., Heriberta, & Emilia. (2018). Pengaruh inflasi, investasi asing langsung dan pengeluaran pemerintah terhadap pertumbuhan ekonomi Indonesia. Jurnal Paradigma Ekonomika, 13(2), 95-104.
Restiasanti, I., & Yuliana, I. (2023). Pengaruh Inflasi dan Nilai Tukar Terhadap Pertumbuhan Ekonomi Dengn Penerimaan Pajak Sebagai Variabel Moderasi. Al-Kharaj: Jurnal Ekonom, Keuangan & Bisnis Syariah, 5(1), 316-333. doi:https://doi.org/10.47467/alkharaj.v5i1.1203
Salim, A., & Suripto. (2023). Does Prudential Capital Reduce Bank Risk-Taking? Empirical Evidence From The Indonesian Banks Industry. Jurnal Ekonmi & Studi Pembangunan, 24(1), 182-197. doi:https://doi.org/10.18196/jesp.v24i1.17696
Subianti, S., R, H. A., L, R. A., M, H. I., & Nasir, M. S. (2019). Exchange rate votality and exports: a panel data analysis for 5 ASEAN countries. Journal of Physcis, 1-6. doi:https://doi.org10.1088/1742-6596/1217/1/012089
Wijaya, A. P. (2021). PENGARUH PENGGUNAAN UANG ELEKTRONIK, JUMLAH UANG BEREDAR, DAN INFLASI TERHADAP PERTUMBUHAN EKONOMI INDONESIA. Proceeding Seminar Nasional & Call For Papers, 206-212.
Yuniarti, D., & Sukarniati, L. (2021). Penuaan Petani dan Determinan Penambahan Tenaga Kerja di Sektor Pertanian. Agriekonomika, 10(1), 38-50. doi:https://doi.org/10.21.107/agriekonomika.v10i1.9789
zakiyyah, N. A., Lubis, F. R., & Wahyuni, I. (2023). Determinants of Poverty In Indonesia. EKO-REGIONAL : Jurnal Pembangunan Ekonomi WIlayah, 18(2), 210-222. doi:https://doi.org/10.32424/1.erjpe.2023.18.2.3182
A'yun, I. Q., & Khasanah, U. (2022). The Impact of Economic Growth and Trade Openness on Environmenta Degradation : Evidence from A Panel of ASEAN Countries. Jurnal Ekonomi & Studi Pembangunan, 23(1), 81-92. doi:https://doi.org/10.18196/jesp.v23i1.13881
Hussain, M., Firmansyah, R., Lubis, F. R., & Basia, L. (2023). Analysis of Oil and Gas Exports Imports on the Indonesian Rupih Exchange Rate in 1980-2020. Journal of Asset Management and Public Economy (JAMPE), 2(1), 17-27.
Kurniawan, M. L., & A'yun, I. Q. (2022). Dynamic Analysis On Export, FDI and Growth in Indonesia: An Autoregressive Distributed Lag (ARDL) Model. Journal of Economics, Business, & Accountancy Ventura, 24(3), 350-362. doi:https://doi.org/10.14414/jebav.v24i3.2717
Kurniawan, M. L., A'yun, I. Q., & Perwithosuci, W. (2022). Money Demand in Indonesia : Does Economc Uncertainty Matter? Jurnal Ekonomi & Studi Pembangunan, 23(2), 231-244. doi:https://doi.org/10.18196/jesp.v23i2.15876
Lestari, A. (2017). Ekonomi Moneter. Bogor: In Media.
Putri, R. P., Heriberta, & Emilia. (2018). Pengaruh inflasi, investasi asing langsung dan pengeluaran pemerintah terhadap pertumbuhan ekonomi Indonesia. Jurnal Paradigma Ekonomika, 13(2), 95-104.
Restiasanti, I., & Yuliana, I. (2023). Pengaruh Inflasi dan Nilai Tukar Terhadap Pertumbuhan Ekonomi Dengn Penerimaan Pajak Sebagai Variabel Moderasi. Al-Kharaj: Jurnal Ekonom, Keuangan & Bisnis Syariah, 5(1), 316-333. doi:https://doi.org/10.47467/alkharaj.v5i1.1203
Salim, A., & Suripto. (2023). Does Prudential Capital Reduce Bank Risk-Taking? Empirical Evidence From The Indonesian Banks Industry. Jurnal Ekonmi & Studi Pembangunan, 24(1), 182-197. doi:https://doi.org/10.18196/jesp.v24i1.17696
Subianti, S., R, H. A., L, R. A., M, H. I., & Nasir, M. S. (2019). Exchange rate votality and exports: a panel data analysis for 5 ASEAN countries. Journal of Physcis, 1-6. doi:https://doi.org10.1088/1742-6596/1217/1/012089
Wijaya, A. P. (2021). PENGARUH PENGGUNAAN UANG ELEKTRONIK, JUMLAH UANG BEREDAR, DAN INFLASI TERHADAP PERTUMBUHAN EKONOMI INDONESIA. Proceeding Seminar Nasional & Call For Papers, 206-212.
Yuniarti, D., & Sukarniati, L. (2021). Penuaan Petani dan Determinan Penambahan Tenaga Kerja di Sektor Pertanian. Agriekonomika, 10(1), 38-50. doi:https://doi.org/10.21.107/agriekonomika.v10i1.9789
zakiyyah, N. A., Lubis, F. R., & Wahyuni, I. (2023). Determinants of Poverty In Indonesia. EKO-REGIONAL : Jurnal Pembangunan Ekonomi WIlayah, 18(2), 210-222. doi:https://doi.org/10.32424/1.erjpe.2023.18.2.3182
A'yun, I. Q., & Khasanah, U. (2022). The Impact of Economic Growth and Trade Openness on Environmenta Degradation : Evidence from A Panel of ASEAN Countries. Jurnal Ekonomi & Studi Pembangunan, 23(1), 81-92. doi:https://doi.org/10.18196/jesp.v23i1.13881
Hussain, M., Firmansyah, R., Lubis, F. R., & Basia, L. (2023). Analysis of Oil and Gas Exports Imports on the Indonesian Rupih Exchange Rate in 1980-2020. Journal of Asset Management and Public Economy (JAMPE), 2(1), 17-27.
Kurniawan, M. L., & A'yun, I. Q. (2022). Dynamic Analysis On Export, FDI and Growth in Indonesia: An Autoregressive Distributed Lag (ARDL) Model. Journal of Economics, Business, & Accountancy Ventura, 24(3), 350-362. doi:https://doi.org/10.14414/jebav.v24i3.2717
Kurniawan, M. L., A'yun, I. Q., & Perwithosuci, W. (2022). Money Demand in Indonesia : Does Economc Uncertainty Matter? Jurnal Ekonomi & Studi Pembangunan, 23(2), 231-244. doi:https://doi.org/10.18196/jesp.v23i2.15876
Lestari, A. (2017). Ekonomi Moneter. Bogor: In Media.
Putri, R. P., Heriberta, & Emilia. (2018). Pengaruh inflasi, investasi asing langsung dan pengeluaran pemerintah terhadap pertumbuhan ekonomi Indonesia. Jurnal Paradigma Ekonomika, 13(2), 95-104.
Restiasanti, I., & Yuliana, I. (2023). Pengaruh Inflasi dan Nilai Tukar Terhadap Pertumbuhan Ekonomi Dengn Penerimaan Pajak Sebagai Variabel Moderasi. Al-Kharaj: Jurnal Ekonom, Keuangan & Bisnis Syariah, 5(1), 316-333. doi:https://doi.org/10.47467/alkharaj.v5i1.1203
Salim, A., & Suripto. (2023). Does Prudential Capital Reduce Bank Risk-Taking? Empirical Evidence From The Indonesian Banks Industry. Jurnal Ekonmi & Studi Pembangunan, 24(1), 182-197. doi:https://doi.org/10.18196/jesp.v24i1.17696
Subianti, S., R, H. A., L, R. A., M, H. I., & Nasir, M. S. (2019). Exchange rate votality and exports: a panel data analysis for 5 ASEAN countries. Journal of Physcis, 1-6. doi:https://doi.org10.1088/1742-6596/1217/1/012089
Wijaya, A. P. (2021). PENGARUH PENGGUNAAN UANG ELEKTRONIK, JUMLAH UANG BEREDAR, DAN INFLASI TERHADAP PERTUMBUHAN EKONOMI INDONESIA. Proceeding Seminar Nasional & Call For Papers, 206-212.
Yuniarti, D., & Sukarniati, L. (2021). Penuaan Petani dan Determinan Penambahan Tenaga Kerja di Sektor Pertanian. Agriekonomika, 10(1), 38-50. doi:https://doi.org/10.21.107/agriekonomika.v10i1.9789
zakiyyah, N. A., Lubis, F. R., & Wahyuni, I. (2023). Determinants of Poverty In Indonesia. EKO-REGIONAL : Jurnal Pembangunan Ekonomi WIlayah, 18(2), 210-222. doi:https://doi.org/10.32424/1.erjpe.2023.18.2.3182
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Publihser:
Universitas Ahmad Dahlan
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Yogyakarta
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