PENGARUH EKSPOR DAN INVESTASI TERHADAP PERTUMBUHAN EKONOMI INDONESIA TAHUN 1980-2006
Keywords: economic growth, government investment, non oil and gas exporting, oil and gas exporting, private investment
Economic growth basically measures the ability of a country to expand output faster rate than population growth rate. Exports and investment are important in increasing the rate of economic growth. Exports would generate foreign exchange that will be used to finance imports, especially imports of raw materials and capital goods needed in the production process which will shape the value added. Aggregation of the value added generated by all units of production in the economy is the value of Gross Domestic Product. Investment or capital investment is also a component of value added to national building, which is the purchase of capital goods and production equipment to improve the ability to produce goods needed in the economy. Using OLS method, it shows that economic growth is positively correlated to government investment, private investment, and non oil exports. While,oil and gas export gives negative influence to economic growth. Overall government investment, private investment, oil and gas exports and non-oil exports are able to explain variation economic growth of 98.9 percent while the rest explained by other factors.
Ekaynayake. E.M. (1994). Export and economic growth in Asian Developing Countries: Cointegration and error corection model. Journal of Economic Development, 24(2), December 1999.
Far. (2000). The relationship between export and economic growth: Assesing the evidence from Iran (1959-1999). Institute for International Energy Studies.
Gujarati, N. (1995). Basic econometric (3th ed). United Sates Military Academy West Point: McGraw-Hill, Inc.
Reinhart, M.S. (1990). Private investment and economic growth. World Development, 18(1), 19-27.
Sinha. (1999). Export instability, investment and economic growth in asian countries: A time series analysis. Yale University and Macquarie University, Australia. Diambil tanggal 16 September 2009, dari http;//www.econ.yale.edu/growth-pdf/cdp799.pdf
Sukirno. (1998). Pengantar teori makroekonomi. (2nd ed). Jakarta: Raja Grafindo Persada.
Tambunan, T. (1996). Perekonomian Indonesia. Jakarta : Ghalia Indonesia.
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.