Analysis of Cointegration and VECM of FDI, Labor Force, Government Expenditure and GDP in Indonesia (2005-2019)
DOI:
https://doi.org/10.37385/ijedr.v2i1.265Keywords:
GDP, Labor Force, FDI, Government ExpenditureAbstract
This paper studied the effect of labor force, government expenditure and FDI on GDP of Indonesia (2005-2019) by cointegration analysis and VECM. In the short-term, GDP, labor force and government expenditure significantly affect GDP of Indonesia, while FDI does not significantly affect Indonesia’s GDP. However, in the long term, GDP, labor force, government expenditure and FDI have a significant affect GDP of Indonesia. The government must ensure that there are no shocks in GDP, labor force, government expenditure and FDI of Indonesia. Because any shocks that occur in these variables will also have an impact on the GDP of Indonesia.
Keywords: GDP, Labor Force, FDI, Government Expenditure
References
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Engle, R. F., & Granger, C. W. J. 1987. Co-Integration and Error Correction: Representation, Estimation, and Testing. Econometrica, Vol. 55, No. 2. (Mar., 1987), pp. 251-276
Firdaus, M. 2020. Aplikasi Ekonometrika dengan E-Views, Stata dan R. Bogor: IPB Press
Gujarati, Damodar. 2003. Ekonometri Dasar. Terjemahan: Sumarno Zain. Jakarta: Erlangga.
Juanda, B. 2009. Ekonometrika Pemodelan dan Pendugaan. Bogor: IPB Press
Novrianti V, Armas R. 2012. Pengaruh Corporate Sosial Responsibility Dan Good Corporate Governance Terhadap Kinerja Perusahaan (Studi Pada Perusahaan Manufaktur Di BEI Tahun 2009-2011). Jurnal Akuntansi, Vol. 1, No. 1, Oktober 2012 : 1-11.
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Published
2021-01-04
How to Cite
Indrajaya, D. (2021). Analysis of Cointegration and VECM of FDI, Labor Force, Government Expenditure and GDP in Indonesia (2005-2019) . International Journal of Economics Development Research (IJEDR), 2(1), 65–77. https://doi.org/10.37385/ijedr.v2i1.265
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