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THE OPENNESS AND ITS IMPACT TO INDONESIAN ECONOMY: A STRUCTURAL VAR APPROACH

Buletin Ekonomi Moneter dan Perbankan · Vol. 10 No. 3 (2008) · hlm. 223–260

DOI
10.21098/bemp.v10i3.227
ISSN
2460-9196, 1410-8046
Terbit
2008-04-15
Penerbit
Bank Indonesia
Bahasa
eng

Abstrak

There have been long running disputes on the relationship between the degree of openness and economic performance. Based on cross-country analyses, a number of studies found that the relationship between openness and economic performance is quite mixed. Some studies discovered a positive relationship, while others found a negative or simply neutral relationship.Unlike previous studies using cross-sectional data, this study uses structural vector auto-regression (SVAR) to explore the impact of trade openness and financial openness on the Indonesian economy. The findings shows that trade openness and financial openness have negative impacts on output. The results of trade openness are quite robust; since a lack of preparation to anticipate trade openness weakens the competitiveness of Indonesian products relative to foreign products and, finally, lower output. The findings of financial openness are also robust because greater financial openness leaves the Indonesian economy more vulnerable to capital reversal, which endangers economic performance.Keywords: Openness, SVAR, forecast error variance decomposition, impulse response function.JEL Classification: F41, F43

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7 penulis · 9 tautan kepenulisan bersama · 5 lintas organisasi

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  • Bank Indonesia
  • University of Indonesia
  • Universitas Negeri Padang
  • Organisasi berbeda
  • Organisasi sama
  • Afiliasi tidak diketahui
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Rekan penulisOrganisasiArtikel bersama
Justina AdamantiBank Indonesia2
Iman SugemaBank Indonesia1
Wijoyo SantosoBank Indonesia1
Doni SatriaUniversitas Negeri Padang1
Telisa Aulia FaliantyUniversity of Indonesia1
Nachrowi Djalal NachrowiUniversity of Indonesia1

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Sumber metadata: OAI-PMH (metadata jurnal) https://www.bmeb-bi.org/index.php/BEMP/oai, pertama di-harvest 8 Nov 2026, terakhir terlihat 8 Nov 2026.
Metadata asli (oai_dc) 
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	<dc:title xml:lang="en-US">THE OPENNESS AND ITS IMPACT TO INDONESIAN ECONOMY: A STRUCTURAL VAR APPROACH</dc:title>
	<dc:creator>Simorangkir, Iskandar</dc:creator>
	<dc:description xml:lang="en-US">There have been long running disputes on the relationship between the degree of openness and economic performance. Based on cross-country analyses, a number of studies found that the relationship between openness and economic performance is quite mixed. Some studies discovered a positive relationship, while others found a negative or simply neutral relationship.Unlike previous studies using cross-sectional data, this study uses structural vector auto-regression (SVAR) to explore the impact of trade openness and financial openness on the Indonesian economy. The findings shows that trade openness and financial openness have negative impacts on output. The results of trade openness are quite robust; since a lack of preparation to anticipate trade openness weakens the competitiveness of Indonesian products relative to foreign products and, finally, lower output. The findings of financial openness are also robust because greater financial openness leaves the Indonesian economy more vulnerable to capital reversal, which endangers economic performance.Keywords: Openness, SVAR, forecast error variance decomposition, impulse response function.JEL Classification: F41, F43</dc:description>
	<dc:publisher xml:lang="en-US">Bank Indonesia</dc:publisher>
	<dc:date>2008-04-15</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:type xml:lang="en-US">Peer-reviewed Article</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://www.bmeb-bi.org/index.php/BEMP/article/view/227</dc:identifier>
	<dc:identifier>10.21098/bemp.v10i3.227</dc:identifier>
	<dc:source xml:lang="en-US">Buletin Ekonomi Moneter dan Perbankan; Vol 10 No 3 (2008); 223 – 260</dc:source>
	<dc:source xml:lang="id-ID">Buletin Ekonomi Moneter dan Perbankan; Vol 10 No 3 (2008); 223 – 260</dc:source>
	<dc:source>2460-9196</dc:source>
	<dc:source>1410-8046</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://www.bmeb-bi.org/index.php/BEMP/article/view/227/204</dc:relation>
	<dc:rights xml:lang="en-US">Copyright (c) 2015 Iskandar Simorangkir</dc:rights>
</oai_dc:dc>