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Analisis pengaruh ekspor, kurs dan utang luar negeri terhadap cadangan devisa Indonesia

e-Journal Perdagangan Industri dan Moneter · Vol. 12 No. 1 (2024) · pp. 36–50

DOI
10.22437/pim.v12i1.35840
ISSN
2303-1204
Published
2024-04-30
Publisher
Prodi Ekonomi Pembangunan Fakultas Ekonomi dan Bisnis Universitas Jambi
Language
en
License
creativecommons.org/licenses/by-sa/4.0

Abstract

The purpose of this research is to find out and analyze the development of exports, exchange rates, foreign debt and foreign exchange reserves in Indonesia as well as the effect of exports, exchange rates and foreign debt on foreign exchange reserves in Indonesia. This research uses descriptive and quantitative analysis methods. The data used is secondary data of the time series type from 1987-2022, which comes from the World Bank, the Central Statistics Agency and Bank Indonesia. Data is analyzed using the Error Correction Model (ECM) analysis tool. The results showed that the average development of Indonesia's foreign exchange reserves was 9.72%, the average development of Indonesia's exports was 9,44%, the average development of Indonesia's exchange rate was 10.13%, and the average development of Indonesia's foreign debt was 6,15%. Based on the results of long-term regression, it is known that exports and foreign debt have a significant effect on Indonesia's foreign exchange reserves, while the exchange rate does not have a significant effect on Indonesia's foreign exchange reserves in the long term. Then the results of short-term regression are known that exports and foreign debt have a significant effect on Indonesia's foreign exchange reserves, while the exchange rate does not have a significant effect on Indonesia's foreign exchange reserves in the short term.

Keywords

Collaboration network of the authors

40 authors · 101 co-authorship links · showing the 40 most connected

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  • 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
Candra MustikaAffiliation unknown14
Arman DelisAffiliation unknown4
Nurhayani NurhayaniAffiliation unknown3
Erni AchmadAffiliation unknown3
Yohanes Vyn AmzarAffiliation unknown3
Haryadi HaryadiAffiliation unknown3
Rosmeli RosmeliAffiliation unknown2
Emilia EmiliaAffiliation unknown2
Dearmi ArtisAffiliation unknown2
Usman HardiantoAffiliation unknown2
Amri AmirAffiliation unknown2
Zainul BahriAffiliation unknown2
Parmadi ParmadiAffiliation unknown1
Mustika MustikaAffiliation unknown1
Jonni AliAffiliation unknown1
Rama Adi PutraAffiliation unknown1
Muhammad SafriAffiliation unknown1
Gafur GafurAffiliation unknown1
Meri DarlinaAffiliation unknown1
Yannizar YannizarAffiliation unknown1
Yantoro yantoroAffiliation unknown1
Destrinelli DestrinelliAffiliation unknown1
Syaifuddin SyaifuddinAffiliation unknown1
Adi BhaktiAffiliation unknown1
Grace Patricia AngelinaAffiliation unknown1
Miko RamadaniAffiliation unknown1
Yulmi Nur AsriniAffiliation unknown1
Nadya GraceAffiliation unknown1
Tarmizi TarmiziUniversitas Syiah Kuala1
Kosiah KosiahAffiliation unknown1
KGS Anton WijayaAffiliation unknown1
Iis Puji WahyuniAffiliation unknown1
Yulia SaniAffiliation unknown1
Andi Andini AdhaliaAffiliation unknown1
Rachmad RAffiliation unknown1
Zulgani ZulganiAffiliation unknown1
Gustina Ahlul FikriyahAffiliation 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) https://online-journal.unja.ac.id/index.php/pim/oai, first harvested 6 Nov 2026, last seen 8 Nov 2026.
Original metadata (oai_dc) 
<oai_dc:dc xmlns="http://www.openarchives.org/OAI/2.0/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:oai_dc="http://www.openarchives.org/OAI/2.0/oai_dc/" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.openarchives.org/OAI/2.0/oai_dc/  http://www.openarchives.org/OAI/2.0/oai_dc.xsd">
	<dc:title xml:lang="en">Analisis pengaruh ekspor, kurs dan utang luar negeri terhadap cadangan devisa Indonesia</dc:title>
	<dc:creator xml:lang="en"> Ayu Bake, Putri</dc:creator>
	<dc:creator xml:lang="en">Hodijah, Siti </dc:creator>
	<dc:creator xml:lang="en">Nurjanah, Rahma </dc:creator>
	<dc:subject xml:lang="en">foreign exchange reserves</dc:subject>
	<dc:subject xml:lang="en">exports</dc:subject>
	<dc:subject xml:lang="en">Exchange Rate</dc:subject>
	<dc:subject xml:lang="en">, foreign debt</dc:subject>
	<dc:description xml:lang="en">The purpose of this research is to find out and analyze the development of exports, exchange rates, foreign debt and foreign exchange reserves in Indonesia as well as the effect of exports, exchange rates and foreign debt on foreign exchange reserves in Indonesia. This research uses descriptive and quantitative analysis methods. The data used is secondary data of the time series type from 1987-2022, which comes from the World Bank, the Central Statistics Agency and Bank Indonesia. Data is analyzed using the Error Correction Model (ECM) analysis tool. The results showed that the average development of Indonesia's foreign exchange reserves was 9.72%, the average development of Indonesia's exports was 9,44%, the average development of Indonesia's exchange rate was 10.13%, and the average development of Indonesia's foreign debt was 6,15%. Based on the results of long-term regression, it is known that exports and foreign debt have a significant effect on Indonesia's foreign exchange reserves, while the exchange rate does not have a significant effect on Indonesia's foreign exchange reserves in the long term. Then the results of short-term regression are known that exports and foreign debt have a significant effect on Indonesia's foreign exchange reserves, while the exchange rate does not have a significant effect on Indonesia's foreign exchange reserves in the short term.</dc:description>
	<dc:publisher xml:lang="en">Prodi Ekonomi Pembangunan Fakultas Ekonomi dan Bisnis Universitas Jambi</dc:publisher>
	<dc:date>2024-04-30</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">Peer-reviewed Article</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://online-journal.unja.ac.id/pim/article/view/35840</dc:identifier>
	<dc:identifier>10.22437/pim.v12i1.35840</dc:identifier>
	<dc:source xml:lang="en">e-Journal Perdagangan Industri dan Moneter; Vol. 12 No. 1 (2024): e-Journal Perdagangan Industri dan Moneter; 36-50</dc:source>
	<dc:source>2303-1204</dc:source>
	<dc:language>en</dc:language>
	<dc:relation>https://online-journal.unja.ac.id/pim/article/view/35840/19031</dc:relation>
	<dc:rights xml:lang="en">Copyright (c) 2024 Putri  Ayu Bake, Siti  Hodijah, Rahma  Nurjanah</dc:rights>
	<dc:rights xml:lang="en">https://creativecommons.org/licenses/by-sa/4.0</dc:rights>
</oai_dc:dc>