scholarly journals EFECT OF FOREIGN EXCHANGE RATE FLUCTUATIONS ON NIGERIAN ECONOMY

10.26458/1814 ◽  
2018 ◽  
Vol 18 (1) ◽  
pp. 105-122
Author(s):  
Lawrence Olisaemeka UFOEZE ◽  
Camilus OKUMA, N. ◽  
Clem NWAKOBY ◽  
Udoka Bernard Alajekwu
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Money Supply ◽  
Significant Positive Effect ◽  
Exchange Rate Fluctuations ◽  
Fixed Exchange Rate ◽  
Oil Revenue ◽  
Time Period ◽  
Negative Effect ◽  
Positive Effect

This study investigated the effect of exchange rate fluctuations on Nigerian economy. The fixed and floating exchange eras were compared to know the exchange rate system in which the economy has fairly better. The time period covered was 1970 to 2012. The study employed the ordinary least square (OLS) multiple regression technique for the analysis. The coefficient of determination (R2), F-test, t-test, beta and Durbin-Watson were used in the interpretation of the results. The resulted revealed that about 85% of the changes in macroeconomic indicators are explained in the fixed exchange era. In the floating exchange era, 99% was explained while the whole periods has 73% explanatory power, hence the floating exchange era (1986 to date) is more effective in explaining economic trend in Nigeria. Also, exchange rate has significant positive effect on GDP during the fixed exchange rate era and negative effect the eras floating and all-time; inflation has insignificant negative effect on GDP during the fixed exchange era; significant effect in floating era and significant negative effect in the all-time period; money supply has insignificant negative effect GDP in fixed exchange era; and significant positive effect during the floating and all-time period; and oil revenue has significant positive effect on the GDP in all the exchange rate regimes (floating, fixed and all-time) in Nigeria.  The study thus conclude that exchange rate movement is a good indicator for monitoring Nigerian economic growth. So far exchange rate has always been a key economic indicator for Nigeria. The floating exchange period has outperformed the fixed exchange rate in terms of contribution inflation, money supply and oil revenue to economic growth. This indicate that the floating exchange rate has been a better economic regime for sustainable economic growth in Nigeria. From the findings, it is evident that oil revenue has positive effect in Nigeria and has remained the mainstay of the economy. It is thus recommended among other things that a positive exchange rate stock should be monitored regularly, so as not to allow those that find exchange rate as an avenue of investment like banks and public carry out their business, which is more devastating to the economy. 

scholarly journals VARIABEL EKONOMI MONETER YANG MEMPENGARUHI PERTUMBUHAN EKONOMI DAN FINANCIAL INCLUSION BANK SYARIAH DI INDONESIA PERIODE 2010-2017

2020 ◽  
Vol 6 (7) ◽  
pp. 1395
Author(s):  
Kholifatun Nahdliyah ◽  
Atina Shofawati
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Money Supply ◽  
Latent Variables ◽  
Partial Least Square ◽  
Financial Inclusion ◽  
Series Data ◽  
Research Approach ◽  
Significant Positive Effect ◽  
Positive Effect

This study aims to determine the effect of exchange rate and money supply on economic growth and financial inclusion in Bank Syariah Period 2010-2017. The sample used is saturated samples, ie all parts of Sharia Bank, including Sharia Commercial Bank and Sharia Business Unit which in the last year of 2017 amounted to 13 Sharia Commercial Banks and 21 Sharia Business Units, furthermore this research uses time series data analysis by analyzing data from year to year. The research approach used is quantitative approach using analysis technique PLS (Partial Least Square) with four latent variables namely exchange rate and money supply as exogenous variable, economic growth as endogen intervention variable, and financial inclusion as endogen variable. The results of this study indicate: the exchange rate has a significant negative effect on economic growth, the money supply has a significant positive effect on economic growth, economic growth has a significant positive effect on financial inclusion of Sharia Bank.Keywords: exchange rate, money supply, economic growth, and financial inclusion

scholarly journals ANALISIS PENGARUH JUMLAH UANG BEREDAR (M1), SUKU BUNGA SBI, NILAI TUKAR SUKU BUNGA DEPOSITO TERHADAP TINGKAT INFLASI

Media Ekonomi ◽  
2017 ◽  
Vol 19 (3) ◽  
pp. 43
Author(s):  
Fadli Ferdiansyah
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Linear Regression ◽  
Interest Rates ◽  
Money Supply ◽  
Significant Positive Effect ◽  
Significant Negative Effect ◽  
Negative Effect ◽  
Positive Effect

<p>Inflation is one of the effects of a prolonged economic crisis that hit the country. Inflation is a situation where there is an increase in general prices which continuesover the  long term. The purpose of this study was to determine the effect of the money supply, interrst rate, deposit interest rate and exchange rate (Rp/USD) of the inflation in 2006 – 2011.6 The result of this study suges that the suppy of money have no significant positive effect on inflation. SBI rate have positive and significant effect on inflation. Deposit have rate and no significant negative effect on inflation. Exchange Rate have no significant negative effect on inflation.</p><p>Keywords : Money Supply, Interest Rates, Deposit Interest Rates, Exchange Rate    (IDR /USD), Multiple  Linear Regression, Inflation</p>

scholarly journals PENGARUH FINANCIAL DEVELOPMENT TERHADAP PERTUMBUHAN EKONOMI DI INDO

2020 ◽  
Vol 2 (1) ◽  
pp. 75
Author(s):  
Nia Putri Kunanti ◽  
Melti Roza Adry
Keyword(s):  
Economic Growth ◽  
Money Supply ◽  
Financial Development ◽  
Linear Regression Analysis ◽  
Trade Openness ◽  
Control Variable ◽  
Secondary Data ◽  
Negative Effect ◽  
Private Credit ◽  
Positive Effect

This study aims to determine how the influence of financial development on economic growth in Indonesia. Financial development indicators are M2 money supply, bank assets, private credit and trade openness. Where inflation and trade openness as a control variable and economic growth as the dependent variable. The data used in this study are secondary data from 2005 quarter 1 to 2018 quarter 4 which were collected through documentation and related agencies. This study uses multiple linear regression analysis and error correction models. The results of this study indicate that: (1) the money supply M2 has a negative effect on economic growth in Indonesia; (2) Bank assets have a negative effect on economic growth in Indonesia; (3) Private credit has a positive effect on economic growth in Indonesia; (4)) trade openness has a positive effect on economic growth in Indonesia.

scholarly journals PENGARUH VARIABEL MAKRO EKONOMI TERHADAP PERTUMBUHAN EKONOMI INDONESIA TAHUN 2015-2019

2021 ◽  
Vol 2 (2) ◽  
pp. 88-99
Author(s):  
Feby Kinanda
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Unemployment Rate ◽  
Trade Balance ◽  
Inflation Rate ◽  
Short Term ◽  
Negative Effect ◽  
The Exchange Rate ◽  
Positive Effect

This study aims to analyze the effect of macroeconomic variables including the open unemployment rate, trade balance, inflation rate and the rupiah exchange rate against the dollar on Indonesian economic growth by using the ECM error correction model approach to see the long-term and short-term relationships that influence macro variables on economic growth. , in the long term the open unemployment rate variable, the trade balance, the inflation rate have a negative effect while the exchange rate has a positive effect, while in the short term the open unemployment rate, the inflation rate and the exchange rate have a negative effect while the trade balance has a positive effect.   Keywords: Economic Growth, Open Unemployment Rate, Trade Balance, Inflation, Exchange Rate

scholarly journals IBT Journal of Business Studies | Volume. 11 Issue 1 INVESTIGATING THE ROLE OF EXTERNAL TRADE AND EXTERNAL DEBT ON THE ECONOMIC GROWTH OF PAKISTAN

2015 ◽  
Vol 11 (1) ◽  
Author(s):  
Athar Iqbal ◽  
Keyword(s):  
Economic Growth ◽  
Missing Values ◽  
Practical Implication ◽  
External Debt ◽  
Debt Management ◽  
Significant Positive Effect ◽  
External Trade ◽  
Business Studies ◽  
Negative Effect ◽  
Positive Effect

Purpose- This paper is designed to investigate the effect of External Debt on the economic growth or Pakistan. The study examines effects of Economic indicators such as External Debt, Debt servicing. Export and Import on the economic growth in Pakistan. Methodology/Sampling- The results of the study are based on OLS estimates, The data for External debt. Debt servicing Exports Import and Real GDP growth has been taken for 41 years (1972 to 2013) from the Handbook of Statistics on Pakistan Economy 2010 and missing values have been collected from the library of State Bank of Pakistan. Findings- The study concludes that External Debt has significant positive effect whereas the Debt servicing has negative in The Economic growth. the strong Debt Management is recommended to achieve the economic growth oriented Via External growth Debt . The study also suggests that there is significant positive effect of Export on the economic growth of Pakistan. The study should not find any significant effect of import on the economic growth Practical implication- This study provides empirical evidence for the significance of external trade for the economic growth because it can boast . Where as, external debt could not be suggested because the debt could not be suggested because the debt servicing has negative effect on the economic growth.

scholarly journals Pengaruh Makro Ekonomi Terhadap Profitabiltas Bank Umum Syariah di Indonesia Tahun 2014-2018

2019 ◽  
Vol 2 (1) ◽  
pp. 72
Author(s):  
Wahyudin Priyono ◽  
Imanda Firmantyas Putri Pertiwi
Keyword(s):  
Exchange Rate ◽  
Financial Services ◽  
Secondary Data ◽  
Least Square ◽  
Islamic Banks ◽  
Significant Positive Effect ◽  
Ordinary Least Square ◽  
Negative Effect ◽  
Positive Effect ◽  
Variable Exchange

This study aims to analyze and identify the effects of inflation and rupiah exchange rates on profitability in Islamic banks in Indonesia with mudharabah deposit as the mediator. Using secondary data that are published by the central bank of Indonesia and financial services authority, the method used in this research is Ordinary Least Square. The result indicates the inflation variable, exchange rate, and mudharabah deposits simultaneously give a significant influence toward profitability (ROA) of the Sharia Commercial Bank in Indonesia. While partially, inflation and exchange rate have no significant effect on profitability (ROA). While mudharabah deposits have a significant positive effect on profitability (ROA). Inflation has a significant negative effect on mudharabah deposits and the exchange rate has a significant positive effect on mudharabah deposits. The path analysis result shows that the mudharabah deposit variable is unable to mediate the effect of inflation and te exchange rate to profitability (ROA)

scholarly journals ANALISIS PENGARUH GONCANGAN FAKTOR EKSTERNAL TERHADAP PERTUMBUHAN EKONOMI

2017 ◽  
Vol 6 (1) ◽  
pp. 25
Author(s):  
Monica Wulandari ◽  
Hasdi Aimon ◽  
Mike Triani
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Error Correction ◽  
Error Correction Model ◽  
External Factors ◽  
Least Square ◽  
Significant Positive Effect ◽  
Correction Model ◽  
Positive Effect

The purpose of this research is to see how far the influence of external factors toward the economic growth in Indonesia and also to see any external factors that can decreasing economic growth in short and long term. The method is used in this research is Ordinary Least Square with use Error Correction Model (ECM) test and Cointegration. Based on analysis data was obtained three conclusions were; The first is based on the results of multiple regression, foreign investment and world oil prices and a significant positive effect on economic growth in Indonesia, while the exchange rate and foreign debt and no significant positive effect on economic growth in Indonesia at the 5% significance level. The second is in the short term through the Error Correction Model (ECM) test, the world oil price and foreign direct investment to boost economic growth while exchange rate USD / $ (NTR) and External Debt (ED) can shocks the economic growth in Indonesia. The third is in the long term through cointegration test, the variables included in the model and no significant negative effect on economic growth

scholarly journals PENGARUH PENGELUARAN PEMERINTAH TERHADAP PERTUMBUHAN EKONOMI DI PROVINSI BENGKULU

2015 ◽  
Vol 3 (2) ◽  
Author(s):  
Merri Anitasari ◽  
Ahmad Soleh
Keyword(s):  
Economic Growth ◽  
Government Spending ◽  
Secondary Data ◽  
Positive Outcome ◽  
Significant Positive Effect ◽  
Regional Autonomy ◽  
Negative Effect ◽  
The Government ◽  
The Impact ◽  
Positive Effect

Merri Anitasari, Ahmad Soleh; Pengaruh Pengeluaran Pemerintah Terhadap Pertumbuhan Ekonomi Di Provinsi Bengkulu. Tujuan dari penelitian ini adalah untuk menganalisis pengaruh dari pengeluaran pemerintah terhadap pertumbuhan ekonomi di provinsi Bengkulu dengan menggunakan data sekunder periode pengamatan tahun 2001-2012 yang diperoleh dari Badan Pusat Statistik. Hasil analisis dengan menggunakan SPSS 16 menunjukkan bahwa pengeluaran pemerintah berpengaruh positif dan signifikan terhadap pertumbuhan ekonomi di provinsi Bengkulu. Jika pemerintah menaikkan pengeluaran pemerintah sebesar 1 miliar rupiah, maka akan dapat meningkatkan pertumbuhan ekonomi sebesar 1,17 % per tahun. Sedangkan pengaruh pengeluaran pemerintah terhadap pertumbuhan ekonomi di daerah kabupaten/kota menunjukkan bahwa dari jumlah 10 kabupaten/kota di Provinsi Bengkulu, kabupaten Rejang Lebong dan kota Bengkulu yang memiliki hasil bahwa pengeluaran pemerintah berpengaruh positif dan signifikan terhadap pertumbuhan ekonomi di daerahnya. Kabupaten Bengkulu Utara memiliki pengaruh yang negatif sedangkan 7 kabupaten lainnya memiliki hasil yang positif namun tidak signifikan. Sebagian besar kabupaten di Provinsi Bengkulu dikategorikan sebagai daerah yang baru membangun yang merupakan hasil pemekaran pasca pemberlakuan otonomi daerah. Sehingga dalam jangka pendek pengeluaran pemerintah dianggap belum mampu menstimulus kegiatan sektor-sektor perekonomian serta memacu pertumbuhan ekonomi di daerah tersebut.Merri Anitasari, Ahmad Soleh; Impact of Government Spending on Economic Growth In Bengkulu Province. The purpose of this study was to analyze the impact of government spending on economic growth in the province of Bengkulu using secondary data observation period 2001 - 2012 year were obtained from the Central Bureau of Statistics. Results of analysis using SPSS 16 shows that government spending and significant positive effect on economic growth in the province ofBengkulu. If the government raised government spending by 1 billion dollars, it will be able to boost economic growth by 1.17% per year. While the effect of government spending on economic growth in the district/city showed that of a total of 10 districts cities in Bengkulu province, Rejang Lebong district and Bengkulu City which has the result that government spending and significant positive effect on economic growth in the region. North Bengkulu has a negative effect, while seven other districts have a positive outcome, but not significantly. Most districts in the province of Bengkulu categorized as new building is the result of the division after the implementation of regional autonomy. So in the short-term government spending is considered not able to stimulate activity sectors of the economy and spur economic growth in the area.Key Word: Government Spending, Economic Growth, Bengkulu Province

scholarly journals Pengaruh Pendapatan Asli Daerah dan Dana Perimbangan terhadap Pertumbuhan Ekonomi dan Kemiskinan di Provinsi Nusa Tenggara Timur

Telaah Bisnis ◽  
2017 ◽  
Vol 17 (2) ◽  
Author(s):  
Marianus Manek ◽  
Rudi Badrudin
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Secondary Data ◽  
Significant Positive Effect ◽  
Cross Sectional ◽  
Local Revenue ◽  
Significant Negative Effect ◽  
Negative Effect ◽  
Equalization Fund ◽  
Positive Effect

Abstract This study aims to analyze the influence of local revenue and equalization fund on the economic growth and the poverty of regencies/cities in the East Nusa Tenggara Province. Sample in this study consists of 21 regencies/cities in the East Nusa Tenggara Province. The type of data used in this study is secondary data, time series and cross-sectional data of regencies/cities since 2007 to 2016. Data are examined by using SEM-based variant named WarpPLS. The results of this study indicate that the local revenue had significant positive effect on economic growth, local revenue had significant negative effect on poverty, equalization fund had no significant negative effect on economic growth and poverty, and economic growth had no significant nega­tive effect on poverty.

scholarly journals Pengaruh Capital Adequacy Ratio, Financing to Deposit Ratio, dan Kurs terhadap Return On Asset

2020 ◽  
Vol 2 (3) ◽  
pp. 187-194
Author(s):  
Annisa Indria Irnawati ◽  
Bambang Waluyo ◽  
Taufikul Ichsan
Keyword(s):  
Exchange Rate ◽  
Exchange Rates ◽  
Capital Adequacy ◽  
Islamic Banks ◽  
Significant Positive Effect ◽  
Return On Assets ◽  
Analysis Technique ◽  
Capital Adequacy Ratio ◽  
Negative Effect ◽  
Positive Effect

Purpose- This study aims to examine the effect of Capital Adequacy Ratio, Financing to Deposit Ratio, and exchange rates on Return On Assets in Islamic Banks for the period 2009 - 2017. Methods- The analysis technique used is multiple linear regression with the assistance of the Program Eviews. Finding- The results showed that CAR has a positive but not significant effect, while FDR has a significant positive effect, and the exchange rate has a significant negative effect on Return On Assets. AbstrakTujuan- Penelitian ini bertujuan untuk menguji pengaruh Capital Adequacy Ratio, Financing to Deposit Ratio, dan kurs terhadap Return On Asset pada Bank Syariah periode 2009 – 2017. Metode- Teknik analisis yang digunakan adalah regresi linier berganda berbantuan programEviews. Temuan- Hasil penelitian menunjukkan bahwa CAR berpengaruh positif namun tidak signifikan, sementara FDR berpengaruh positif signifikan, dan kurs berpengaruh negatif signifikan terhadap Return On Asset

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