Sultan, Sultan and Soesilo, AM (2017) HARGA MINYAK DAN PERTUMBUHAN EKONOMI DI INDONESIA PERIODE 1984-2014. Buletin Ekonomi, 15 (1). pp. 131-154. ISSN 1410-2293
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Abstract
Oil Price and Economic Growth in Indonesia Period 1984-2014. Oil prices and economic growth are important indicators for the performance of a country's development in terms of natural resources. This study aims to test and create empirical evidence of a two-way relationship of influence between oil prices and economic growth in Indonesia: (1) Effect of oil prices, non-oil consumption and mining sector investment on economic growth. (2) Effect of economic growth, and non-oil consumption on oil prices. This study uses time series data from 1984-2014. The method used is descriptive and econometric approach of simultaneous equation model analysis with two stages of least squares method (Two Stage Least Square / 2SLS). The results show that there is a two-way relationship between oil prices and economic growth. Economic growth and non-oil consumption have a significant effect on oil prices. Similarly, oil prices and mining sector investment have a positive effect on economic growth, while non-oil consumption negatively affected the growth of economists in Indonesia during the period of study 1984-2014.
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences > H Social Sciences (General) |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Social Sciences |
| Depositing User: | SRI SULTAN - |
| Date Deposited: | 31 Jan 2018 08:19 |
| Last Modified: | 31 Jan 2018 08:19 |
| URI: | http://eprints.upnyk.ac.id/id/eprint/14376 |
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