PENGARUH JUMLAH UANG BEREDAR TERHADAP INFLASI DAN SUKU BUNGA, SERTA TERHADAP INVESTASI DAN PERTUMBUHAN EKONOMI DI INDONESIA
Downloads
Introduction: Monetary policy is one of the main instruments of
macroeconomic policy. The government with monetary policy is able to
influence the level of economic growth, employment, and the rate of
inflation. The one of main monetary policy is controlling the money
supply. Money supply has a widespread impact on other macro variables.
This study analyzes the effect of the money supply to variable inflation
and interest rates, as well as the effects of inflation and interest rates to
investment and economic growth in Indonesia.
Methods: This study used analysis of TSLS (Two Stages Least Square). The
data used in Times Series. Data for the period 1973 until 2012.
Results: From the tests showed that there was a significant effect of
money supply to inflation and interest rates. Inflation and interest rates
has no effect on investment in Indonesia partially. While there was the
simultaneous effect of inflation and interest rates to Investment in
Indonesia. The research showed that significantly the investment
influence economic growth in Indonesia.
Conclusion and suggestion: Research indicates that the variable in the
money supply directly or indirectly have an impact on economic growth
in a country, thus appropriate monetary policy should be given such a
broad impact in an economy.
Al khatib PhD, Hazem B. 2011. Economical Determinants Of Domestic Investment. European Scientific Journal.
Arikunto, Suharsimi. 2006. Prosedur Penelitian Suatu Pendekatan Praktek. Edisi Revisi IV. Jakarta: PT. Rineka Cipta
Aryaningsih, Ny Nyoman. 2008. Pengaruh Suku bunga, Inflasi, dan Jumlah Penghasilan Terhadap Permintaan Kredit Di PT. BPD Cabang Pembantu Kediri. Jurnal penelitian dan pengembangan sains dan humaniora. (www.freewebs.com/santyasa/Lemlit/.../Ni_Nyoman_Aryaningsih.pdf, diakses 2 Oktober 2009)
Boediono. 2008. Ekonomi Makro. Yogyakarta : BPFE-Yogyakarta
BPS. Statistik Indonesia. Surabaya : BPS Surabaya.
Devie. 2000. Tinjauan atas Suku Bunga dan Dampaknya Pada Keputusan Investasi Dan Pembiayaan. Jurnal Ekonomi Akuntansi Fakultas Ekonomi Universitas Petra. Vol; 2, No. 2, Nopember 2000. (http://puslit.petra.ac.id/journals/accaunting, diakses 14 Maret 2014)
Fatima, Goher. 2012. Joint Impact Of Investment (Public And Private) On The Economic Growth Of Pakistan: (Co-Integration Approach). International Journal of Humanities and Social Science. Vol: 2, No. 15 Maret 2014
Hossain, A (2005). The granger-causality between money growth, inflation, currency devaluation and economic growth in indonesia: 1954-2002.
Hossain, A (2005). The sources and dynamics of inflation in Indonesia: An ECM model estimation for 1952-2002.
Indikator Makro Ekonomi. Jakarta: BPS
Johansen, S. and K. Juselius. (1990), "Maximum Likelihood Estimation and Inference on Co-integration with the Application to the Demand for Money", Oxford Bulletin of Economics and Statistics, Vol. 52, pp. 169-210.
Jun, Zhang. 2003. Investment, Investment Efficiency, and Economic Groth in China.Journal Of Asian Economics.
Keynes, J. M. (1936) The General Theory of Employment, Interest and Money (London: Macmillan).
Khan S. and Senhadji S. (2001): "Threshold Effects in the Relationship between Inflation and Growth”, IMF Staff Papers, WP. 48 No. 1, 1-21.
Lipsey, Richard G dan Peter O Steiner. 1988. Macroeconomics. New York : Harper and Row.
Luvia Albu, Lucian. 2006. Trends In The Interest Rate-Investment-GDP Growth Relationship. Romanian Journal of Economic Forecasting.
Madura, Jeff. 2006. Financial Institutions and Markets. Edisi ketujuh. China : Thomson South-Western.
Mankiw, N. Gregory. 2012. Pengantar Ekonomi. Edisi Asia. Jakarta : Salemba Empat.
Mc. Eachern dan William A. 2000. Ekonomi Makro: Pendekatan Kontemporer. Jakarta: Erlangga
Mackie, J.A.C. (1967). Problems of the Indonesian Inflation. Monograph Series. Department of Asian studies, Cornell University, Ithaca, New York.
Mishkin, Federic. S. 2010. The Economics of Money, Banking, and Financial Market. Edisi kesepuluh. United States : Pearson Education.
Ngoa Tabi, Henri. 2011. Inflation, Money, and Economic Growth in Cameroon. International Journal Of Financial Research Vol:2, No.1, Maret 2011.
Njogo. 2012. Foreign Direct Investment: Source Economic Growth in Nigeria.International Journal of Current Research, April 2012.
Nopirin. 2000. Pengantar Ekonomi Makro Dan Mikro. Yogyakarta: BPFE Yogyakarta
Nordhous dan Samuelson, 2004. Ilmu Makro Ekonomi, Jakarta: Media Global Edukasi
Phillips, A. W. (1958). "The Relationship between Unemployment and the Rate of Change of Money Wages in the United Kingdom 1861-1957".
Rosyidi, Suherman. 2000. Pengantar Ilmu Ekonomi. Jakarta: Erlangga.
Ritter, Lawrence dan William L. Silher. 1993. Principles of Money, Banking, and Financial Markets. Edisi kedelapan. United States of America:Library of Congress Cataloging in Publication Data.
Smith, John. 2003. Controversies in Moneteary Economics. Edisi revisi. United Kingdom : Library of Congress cataloguing in Publication Data.
Solow, Robert M. (1956). A Contribution to the Theory of Economic Growth. .Quarterly Journal of Economics (The MIT Press) 70 (1): 65–94.
Statistik Indonesia. Jakarta: BPS
Sugiono. 2005. Metode Penelitian Bisnis. Bandung: Alfabeta
Sukirno, Sadono. 2001. Pengantar Teori Makro Ekonomi. Jakarta : Raya Grafindo Persada.
Swan, Trevor W. (November 1956). "Economic Growth and Capital Accumulation." Economic Record (John Wiley & Sons) 32 (2): 334–361.
Tambunan, Tulus. 2006. Perekonomian indonesia sejak orde lama hingga orde baru. Jakarta : PT. Pustaka Quantum Prima.
Tambunan, Tulus. 2006. Iklim Investasi di Indonesia.(http://kadin-indonesia.or.id, diakses 20 April 2010)
Todaro, Michael P dan Stephen C, Smith. 2003. Economic Development. Edisi Kedelapan. London: Pearson.
Van Den Berg, Hendrik. 2005. Economic Growth and Development. New York: McGraw-Hill.
Wikipedia. Inflasi. (http: //id.wikipedia.org/wiki/Inflasi).
The journal allows the author to hold the copyright of the article without restrictions.
The journal allows the author(s) to retain publishing rights without restrictions
The legal formal aspect of journal publication accessibility refers to Creative Commons Attribution Share-Alike (CC BY-SA).
Jurnal Ekonomi dan Bisnis Airlangga (JEBA) is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License
.png)
