Analysis Of The Economic Bilateral Relationship Indonesia – China On Balance Of Payments In Indonesia

Wulandari, Sri and Harahap, Yusuf and Zainal, Andri (2019) Analysis Of The Economic Bilateral Relationship Indonesia – China On Balance Of Payments In Indonesia. In: Proceedings of The 4th Annual International Seminar on Transformative Education and Educational Leadership (AISTEEL), 23 – 24 September 2019, Garuda Plaza Hotel, Medan,.

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Abstract

This study aims to analyze how the influence of Indonesia-China bilateral economic relations on the Indonesian economy in 2005-2018. This study uses Indonesia's balance of payments variable to measure the Indonesian economy. By analyzing the theory Balance Of Payment Keynesian so variable in this study include, Indonesia's balance of payments as a dependent variable and the rupiah / yuan exchange rate, Indonesia's gross domestic product (Indonesia's GDP), China's gross domestic product (China's GDP), Indonesia's interest rates, and China's interest rates as an independent variable. The method used in this study is the ECM method (Error Correction Model). The results showed that in the short term the exchange rate IDR / CNY, China's Gross Domestic Product, the BI interest rate had a positive and significant effect on the balance of payments in Indonesia while the Indonesian Gross Domestic Product and Chinese interest rate had a negative and significant effect on the balance of payments in Indonesia. In the long run the exchange rate IDR / CNY has a positive and significant effect, China's Gross Domestic Product has a positive but not significant effect, the BI interest rate has a negative and no significant effect, Indonesia Gross Domestic Product has a negative and significant effect and the Chinese interest rate has a negative and no significant effect on balance of payments in Indonesia

Item Type: Conference or Workshop Item (Paper)
Keywords: Indonesia, China; Indonesia's Balance of Payments; Exchange Rates IDR/CNY; Indonesian GDP; China's GDP; BI Interest Rates; China's Interest Rates
Subjects: H Social Sciences > HB Economic Theory. Demography
H Social Sciences > HB Economic Theory. Demography > HB522 Income. Factor shares
H Social Sciences > HB Economic Theory. Demography > HB71 Economics as a science
H Social Sciences > HB Economic Theory. Demography > HB75 History of economics. History of economic theory
H Social Sciences > HB Economic Theory. Demography > HB848 Demography. Population. Vital events
Divisions: Program Pasca Sarjana
Depositing User: Mrs Catur Dedek Khadijah
Date Deposited: 05 Mar 2020 09:44
URI: http://digilib.unimed.ac.id/id/eprint/38772

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