LINKAGES BETWEEN INFLATION, FOREIGN DEBT, IMPORTS, AND EXPORTS WITH GDP: A SUSTAINABILITY PERSPECTIVE OF ECONOMIC DEVELOPMENT

Ega Seliyan Putri, Suripto Suripto, Budi Jaya Putra

Abstract


Gross Domestic Product (GDP) is essential to achieving economic development. GDP is a national income calculation tested and used until now. Various supporting factors, such as macroeconomic factors, influence the increase in Indonesia's GDP. This study aims to determine the relationship between inflation, foreign debt, exports, and imports on Indonesia's Gross Domestic Product. This study uses time series data from 1986-2022 presented in the annual form obtained from the official website of the World Bank, Bank Indonesia (BI), and the Central Bureau of Statistics (BPS), including independent variables Inflation, Foreign Debt, Imports, with Gross Domestic Product (GDP) as the dependent variable. This study is structured with a Vector Autoregressive (VAR) model, which shows that Gross Domestic Product (GDP) responds positively to shocks or changes in Import variables. Meanwhile, GDP sometimes responds positively and negatively to inflation, foreign debt, and export variables. The variance decomposition results show that inflation has the most significant contribution compared to other variables in the model.


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References


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Publihser:
Universitas Ahmad Dahlan

Editorial Address:
Yogyakarta

This work is licensed under CC BY 4.0