Jurnal Ekonomi, Bisnis dan Kewirausahaan (JEBIK)
Vol 1, No 1 (2010): Jurnal Ekonomi, Bisnis dan Kewirausahaan

ANALISIS INVESTASI DI INDONESIA SUATU PENDEKATAN MODEL DINAMIK

Afrizal, . (Unknown)



Article Info

Publish Date
04 May 2012

Abstract

ABSTRACT The main objective of this article is to analyze econometrically both government and private investment in Indonesia through a dynamic model, particularly Error Correction Model (ECM) in order to examine the validity of empirical  model specification  used in this study. The results of  this study show that estimation of investment rate in Indonesia using ECM during the period 192.1-2007.4 was statistically significant. Partially, real national income has a significantly negative effect on investment rate in Indonesia. This is not in line with exant theory and proposed hypothesis. International interest rate /libor affects significantly on investment, whilst international interest rate /libor in previous period (t-1) is negatively significant on investment. Employment rate growth has a positive relation with investment, but employment rate growth in previous period (t-1) affects significantly negatively on investment in Indonesia.   Keywords : investment model, LIBOR, eror coreection model/ECM

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Journal Info

Abbrev

JJ

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal Ekonomi, Bisnis dan Kewirausahaan (JEBIK) or Journal of Economics, Business and Entrepreneurship is a national, open access, peer-reviewed academic journal, which is published by Faculty of Economics and Business, Universitas Tanjungpura. As a medium of communication for academics, ...