Faktor-Faktor yang Mempengaruhi Nilai Tukar Riil di Indonesia 2000-2017
Factors Influencing The Real Exchange Rate In Indonesia 2000-2017
| Authors | ||
| Issue | Vol 6 No 1 (2023): Talenta Conference Series: Local Wisdom, Social, and Arts (LWSA) | |
| Section | Articles | |
| Section |
Copyright (c) 2023 Talenta Conference Series: Local Wisdom, Social and Arts (LWSA)  This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License. |
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| Galley | ||
| DOI: | https://doi.org/10.32734/lwsa.v6i1.1704 | |
| Keywords: | BI Rate PDB Nominal WPI USA Nilai Tukar Riil (RER) Nominal GDP Real Exchange Rate (RER) | |
| Published | 2023-01-15 |
Abstract
Penelitian ini bertujuan untuk mengetahui seberapa besar pengaruh BI Rate, PDB Nominal, dan WPI USA secara parsial dan simultan terhadap Nilai Tukar Riil (RER) Rupiah per USD. Sampel penelitian ini berasal dari data CPI Indonesia, NER Rupiah per USD, CPI USA, BI Rate, PDB Nominal, dan WPI USA mulai dari tahun 2000–2017 dalam bentuk kuartal. Penelitian dilakukan menggunakan metode ECM. Hasil penelitian menunjukan secara simultan variabel bebas terhadap variabel terikat pada tingkat kepercayaan 95% adanya pengaruh secara serempak dan signifikan pada jangka panjang akan tetapi sebaliknya pada jangka pendek. Secara parsial, diketahui bahwa variabel bebas BI Rate berpengaruh positif dan signifikan pada jangka panjang dan jangka pendek terhadap RER, PDB Nominal dan WPI USA berpengaruh positif dan signifikan pada jangka panjang. Akan tetapi pada jangka pendek PDB Nominal berpengaruh positif dan tidak signifikan dan WPI USA berpengaruh negatif dan tidak signifikan terhadap Nilai Tukar Riil (RER).
This study aims to determine how much influence the BI Rate, Nominal GDP, and USA WPI partially and simultaneously have on the Real Exchange Rate (RER) of Rupiah per USD. The sample for this study comes from Indonesian CPI data, Rupiah NER per USD, USA CPI, BI Rate, Nominal GDP, and USA WPI starting from 2000–2017 in quarterly form. The research was conducted using the ECM method. The results of the study show that simultaneously the independent variables on the dependent variable at the 95% confidence level have a simultaneous and significant effect in the long term but vice versa in the short term. Partially, it is known that the independent variable BI Rate has a positive and significant effect on the long term and short term on RER, Nominal GDP and USA WPI has a positive and significant effect on the long term. However, in the short term Nominal GDP has a positive and insignificant effect and USA WPI has a negative and insignificant effect on the Real Exchange Rate (RER).
