Economic Growth: Export, Import, Crude Oil Prices, Exchange Rate

Authors

  • Dilla Vidalia Universitas PGRI Madiun
  • Diyah Santi Hariyani Universitas PGRI Madiun
  • Liliek Nur Sulistiyowati Universitas PGRI Madiun

DOI:

https://doi.org/10.25273/inventory.v8i1.18380

Keywords:

Export, Import, Crude Oli Price, Exchange Rate, Economic Growth,

Abstract

The Russia - Ukraine war has had an impact on the global economy and Indonesia is no exception. This study aims to determine the effect of exports, imports, crude oil prices and the rupiah exchange rate on economic growth in Indonesia. This study uses quantitative methods and sampling using saturated sampling techniques with secondary data samples from the official website of Statistics Indonesia (https://www.bps.go.id/), Bank Indonesia (https://www.bi.go.id/) and Investing.com (https://id.inveisting.com/) for the quarterly period 2008 - 2022 as many as 60 samples with the help of SPSS software version 29. The results showed that exports had a significant positive effect on economic growth. Imports have a significant positive effect on economic growth. Crude oil prices have a significant negative effect on economic growth. The rupiah exchange rate has a significant positive effect on economic growth. This indicates that when exports, imports, crude oil prices, and exchange rates decrease or increase, it will affect Indonesia's economic growth.

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Published

2024-04-16

Issue

Vol. 8 No. 1 (2024)

Section

Articles

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