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Halal Tourism and Foreign Exchange Reserves in Indonesia: Error Correction Model

ETIKONOMI · Vol. 21 No. 1 (2022) · pp. 177–192

DOI
10.15408/etk.v21i1.19616
ISSN
2461-0771, 1412-8969
Published
2022-03-19
Publisher
Faculty of Economic and Business, Universitas Islam Negeri Syarif Hidayatullah Jakarta
Language
eng

Abstract

This study aims to look at how the number of tourists and the exchange rate affects Indonesia's foreign exchange reserves before and after the implementation of halal tourism from 2010 to 2019 (monthly). The Paired t-Test model was used to look at the differences in Indonesia before and after halal tourism. By examining the short and long-term effects of tourist numbers and currency rates on foreign exchange reserves using the Error Correction Model. Halal tourism, according to the research, helps Indonesia's foreign exchange reserves. The exchange rate has a negative impact on foreign exchange reserves in this situation. Meanwhile, the number of international visitors has a favourable impact on both short- and long-term foreign exchange reserves. It demonstrates that the tourism sector, particularly halal tourism, can be one of the supporting sectors in increasing the country's foreign exchange, encouraging the government to implement policies to support its tourism industry. How to Cite:Rahmatun, L., & Suriani. (2022). Halal Tourism and Foreign Exchange Reserves in Indonesia: Erroc Correction Model. Etikonomi, 21(1), 177-192. https://doi.org/10.15408/etk.v21i1.19616.

Keywords

Collaboration network of the authors

23 authors · 39 co-authorship links

Hover or tap a name to highlight its co-authors. Double-click to open the author's page.

  • Universitas Halu Oleo
  • Universitas Syiah Kuala
  • Affiliation unknown
  • Different organisations
  • Same organisation
  • Affiliation unknown
  • Thicker line = more joint articles · bigger circle = more articles
Show as table
Co-authorOrganisationJoint articles
La Ode Muh UmranAffiliation unknown1
Sukriyanti SukriyantiAffiliation unknown1
Nurnia NurniaAffiliation unknown1
Hilaluddin HanafiAffiliation unknown1
Fitra SalehUniversitas Halu Oleo1
Djafar MeyAffiliation unknown1
Fikrinda FikrindaAffiliation unknown1
Marlina MarlinaAffiliation unknown1
Dewi Ayu MulianiAffiliation unknown1
Chenny SeftaritaAffiliation unknown1
Adhatya Rizky SuhendarAffiliation unknown1
Yusrizal YusrizalUniversitas Syiah Kuala1
Sartiyah SartiyahAffiliation unknown1
Musliadi bin UsmanAffiliation unknown1
Nelvitia PurbaAffiliation unknown1
Wan Nor Azilawanie Tun IsmailAffiliation unknown1
Al-Kausar SaragihAffiliation unknown1
Ismail IsmailAffiliation unknown1
Eka SukmawatyAffiliation unknown1
Mashuri Masri -Affiliation unknown1
Fatmawati NurAffiliation unknown1

Affiliations come from OpenAlex; journal OAI-PMH metadata carries none. Authors without an OpenAlex ID are matched by name, which can merge or split people.

Metadata source: OAI-PMH (metadata jurnal) http://journal.uinjkt.ac.id/index.php/etikonomi/oai, first harvested 8 Nov 2026, last seen 8 Nov 2026.
Original metadata (oai_dc) 
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	<dc:title xml:lang="en">Halal Tourism and Foreign Exchange Reserves in Indonesia: Error Correction Model</dc:title>
	<dc:creator xml:lang="en">Suriani, Suriani</dc:creator>
	<dc:creator xml:lang="en">Layali, Rahmatun</dc:creator>
	<dc:subject xml:lang="en">halal tourism</dc:subject>
	<dc:subject xml:lang="en">exchange rate</dc:subject>
	<dc:subject xml:lang="en">foreign exchange reserves</dc:subject>
	<dc:subject xml:lang="en">error correction model</dc:subject>
	<dc:description xml:lang="en">This study aims to look at how the number of tourists and the exchange rate affects Indonesia's foreign exchange reserves before and after the implementation of halal tourism from 2010 to 2019 (monthly). The Paired t-Test model was used to look at the differences in Indonesia before and after halal tourism. By examining the short and long-term effects of tourist numbers and currency rates on foreign exchange reserves using the Error Correction Model. Halal tourism, according to the research, helps Indonesia's foreign exchange reserves. The exchange rate has a negative impact on foreign exchange reserves in this situation. Meanwhile, the number of international visitors has a favourable impact on both short- and long-term foreign exchange reserves. It demonstrates that the tourism sector, particularly halal tourism, can be one of the supporting sectors in increasing the country's foreign exchange, encouraging the government to implement policies to support its tourism industry. How to Cite:Rahmatun, L., &amp;amp; Suriani. (2022). Halal Tourism and Foreign Exchange Reserves in Indonesia: Erroc Correction Model. Etikonomi, 21(1), 177-192. https://doi.org/10.15408/etk.v21i1.19616.</dc:description>
	<dc:publisher xml:lang="en">Faculty of Economic and Business, Universitas Islam Negeri Syarif Hidayatullah Jakarta</dc:publisher>
	<dc:date>2022-03-19</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
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	<dc:type xml:lang="en">Peer-reviewed Article</dc:type>
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	<dc:identifier>https://journal.uinjkt.ac.id/index.php/etikonomi/article/view/19616</dc:identifier>
	<dc:identifier>10.15408/etk.v21i1.19616</dc:identifier>
	<dc:source xml:lang="en">ETIKONOMI; Vol. 21 No. 1 (2022); 177-192</dc:source>
	<dc:source>2461-0771</dc:source>
	<dc:source>1412-8969</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://journal.uinjkt.ac.id/index.php/etikonomi/article/view/19616/pdf</dc:relation>
	<dc:relation>https://journal.uinjkt.ac.id/index.php/etikonomi/article/view/19616/16459</dc:relation>
	<dc:relation>https://journal.uinjkt.ac.id/index.php/etikonomi/article/view/19616/16460</dc:relation>
	<dc:rights xml:lang="en">Copyright (c) 2022 ETIKONOMI</dc:rights>
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