ANALISIS KAUSALITAS ANTARA CAPITAL INFLOW DAN NILAI TUKAR RUPIAH DI INDONESIA
| Main Authors: | Octaria, Dina; Universitas Sumatera Utara, Hidayat, Paidi; Universitas Sumatera Utara |
|---|---|
| Format: | Article info application/pdf eJournal |
| Bahasa: | eng |
| Terbitan: |
Departemen Ekonomi Pembangunan USU
, 2015
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| Online Access: |
https://jurnal.usu.ac.id/index.php/edk/article/view/9464 https://jurnal.usu.ac.id/index.php/edk/article/view/9464/4115 |
Daftar Isi:
- This study aims to know whether there is a significant interrelationship between the Capital Inflo and the Kurs a Exchange Rate in Indonesia. The test is carried out using Stationarity Test, Kointegrasi Test, Granger Causality Test, and Vector Error Correction Model (VECM) test for the period 2004 I – 2012 IV. Cointegration test result indicate that the relationship between Capital Inflow and Kurs a Exchange Rate in Indonesia has a long-term equilibrium relationship. Granger Causality test result revealed that there is a direct relationship the Kurs a Exhange Rate affect the Capital Inflow. Based on the result of impluse Response Function, it was found that the Capital Inflow has a negative effect on the Rupiah, similarly the Rupiah has a negative effect on the Capital Inflow. While the result of variance decomposition showed that the role of Capital Inflow and the Rupiah is significant.Keywords : Capital Inflow, The Rupiah, Granger Causality, VECM.