Jurnal Keuangan & Bisnis Program Studi Magister Manajemen Sekolah Tinggi Ilmu Ekonomi Harapan
Vol 2, No 2 (2010): Juli

ANALISIS KAUSALITAS DAN KOINTEGRASI ANTARA JUMLAH UANG BEREDAR, INFLASI, DAN PERTUMBUHAN EKONOMI DI INDONESIA

Pratomo, Wahyu Ario (Unknown)



Article Info

Publish Date
10 Jul 2010

Abstract

Economics of Indonesia experiences dynamics that is enough varies. From a period of goverment of finite new order before chartered investment counsel crisis, Indonesia chartered investment counsel experiences growth that is enough is height. But when Indonesia chartered investment counsel crisis reachs low point namely - 13,1%. After the year 1998, growth of Indonesia chartered investment counsel experiences repair, but is not able yet to reach situation of like before chartered investment counsel crisis. Various factors becomes growth impeller of chartered investment counsel between by it is amount of money supplies and inflation. This research tries analyses relation between money supply amounts, economic inflation and growth in Indonesia. Result of research indicates that existence of the relation of balance of either in short term and also on a long term or equally there is the relation of kointegrasi between variables applied in this research namely amount of money supplies, inflation, and chartered investment counsel growth.This research analyses the relation of causality and kointegrasi between money supply amounts, inflation, and economic growth in Indonesia either in short term and also on a long term during range of time 1970 - 2008. Analytical method applied in this research there are 2 type that is Cointegration test and Causality test. Based on result of testing of kointegrasi and Vector Error Correction Model ( VECM) shows existence of the relation of balance of either in short term and also on a long term or equally there is the relation of kointegrasi between variables applied in this research namely amount of money supplies, inflation, and chartered investment counsel growth. While through testing of Granger Causality to/ shows existence of unidirectional relationship between variables that is accurate, namely amount of money supplies causes the happening of alteration of economic growth in Indonesia, Hereinafter inflation gives its(the influence to economic growth and inflation also causes amount of money supplies in Indonesia during research time line.

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