ANALISIS FINANCIAL DEEPENING TERHADAP PERTUMBUHAN EKONOMI DI INDONESIA TAHUN 1993-2018

Wenerda, Rias (2020) ANALISIS FINANCIAL DEEPENING TERHADAP PERTUMBUHAN EKONOMI DI INDONESIA TAHUN 1993-2018. Other thesis, Universitas Pembangunan Nasional Veteran Yogyakarta.

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Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh financial deepening terhadap pertumbuhan ekonomi baik dalam jangka pendek maupun jangka panjang dan menganalisis indikator financial deepening yang paling berpengaruh terhadap pertumbuhan ekonomi di Indonesia tahun 1993-2018. Penelitian ini menggunakan model linier dinamik (MLD) Error Correction Model (ECM) dan menggunakan data sekunder yang bersumber dari world bank berupa deret waktu (time series). Penelitian ini menggunakan 4 indikator financial deepening. Berdasarkan hasil analisis rasio jumlah uang beredar terhadap produk domestik bruto (PDB), rasio kredit sektor swasta terhadap PDB, rasio kapitalisasi pasar terhadap PDB, dan rasio jumlah saham yang diperdagangkan terhadap PDB tidak berpengaruh dalam jangka pendek terhadap pertumbuhan ekonomi. Namun dalam jangka panjang rasio jumlah uang beredar terhadap PDB dan rasio jumlah saham yang diperdagangkan terhadap PDB berpengaruh negatif terhadap pertumbuhan ekonomi. Rasio kredit sektor swasta terhadap PDB dan rasio kapitalisasi pasar terhadap PDB berpengaruh positif dan signifikan terhadap pertumbuhan ekonomi. Indikator financial deepening yang paling berpengaruh terhadap pertumbuhan ekonomi adalah rasio kredit sektor swasta terhadap PDB. Kata Kunci: kedalaman sektor keuangan, pertumbuhan ekonomi, model linier dinamik, error correction model xvi ABSTRACT ANALYSIS OF FINANCIAL DEEPENING TOWARDS ECONOMIC GROWTH IN INDONESIA PERIOD 1993-2018. This study aims to analyze the effect of financial deepening on economic growth both in the short and long term as well as analyzing the indicators of financial deepening that most influence on economic growth in Indonesia in 1993-2018. This study uses am Error Correction Model (ECM) and uses secondary data based on times series sourced from the world bank. This study uses 4 indicators of financial deepening. Based on the results, the ratio of money supply to gross domestic product (GDP), the ratio of private sector credit to GDP, the ratio of market capitalization to GDP, and the ratio of stock traded to GDP do not match in the short run to economic growth. But in the long run, the ratio of money supply to GDP and the ratio of stock traded to GDP tends to be negative towards economic growth. The ratio of private sector credit to GDP and the ratio of market capitalization to GDP are positive and significant to economic growth. The most decisive indicator of financial deepening to economic growth is the ratio of private sector credit to GDP. . Keywords: financial deepening, economic growth, error correction model (ECM)

Item Type: Thesis (Other)
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Sarimin Sarimin
Date Deposited: 11 Feb 2020 02:54
Last Modified: 11 Feb 2020 02:54
URI: http://eprints.upnyk.ac.id/id/eprint/22487

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