Proceedings of the 5th Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA-5 2020)

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Study of Macro Variables in Excogitating Stability of Indonesian Economic Growth as OECD’s Development Center: An Error Correction Model Approach

Authors
Zulgani, Faradina Zevaya, Amril
Corresponding Author
Zulgani
Available Online 27 November 2020.
DOI
10.2991/aebmr.k.201126.018How to use a DOI?
Keywords
OECD DC, developing country, error correction model, economic growth, Indonesia
Abstract

OECD (Organization for Economic Cooperation and Development) stands for promoting the economic welfare of its members. It also coordinates its effort to help developing countries outside its membership. Indonesia is selected to become DC (Development Center). The goal of DC-OECD as a liaison for developing countries and emerging countries to help decision-making find policy solutions to stimulate economic growth and improve living conditions. Indonesian economic growth is likely to be increased, but the discrepancy of infrastructure is still high. Furthermore, this research aims to analyze macro variables effect to economic growth. Method used quantitative analysis by using Error Correction Model approach. The result shows in long term, BI Rate has significant and negative effect to economic growth, Taxation has negative and significant effect to economic growth, in the meantime Government Expenditure has positive and significant effect to economic growth. In short term, BI rate has positive and not significantly to economic growth, Taxation has positive and not significantly to economic growth, and government expenditure has positive and not significantly effect to economic growth.

Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 5th Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA-5 2020)
Series
Advances in Economics, Business and Management Research
Publication Date
27 November 2020
ISBN
10.2991/aebmr.k.201126.018
ISSN
2352-5428
DOI
10.2991/aebmr.k.201126.018How to use a DOI?
Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

risenwbib
TY  - CONF
AU  - Zulgani
AU  - Faradina Zevaya
AU  - Amril
PY  - 2020
DA  - 2020/11/27
TI  - Study of Macro Variables in Excogitating Stability of Indonesian Economic Growth as OECD’s Development Center: An Error Correction Model Approach
BT  - Proceedings of the 5th Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA-5 2020)
PB  - Atlantis Press
SP  - 143
EP  - 152
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.201126.018
DO  - 10.2991/aebmr.k.201126.018
ID  - 2020
ER  -