Research Paper
Year: 2020 | Month: December | Volume: 7 | Issue: 12 | Pages: 44-48
Analysis of the Influence of World Oil Prices, Exports and Investment on Economic Growth with Exchange Rates as a Moderating Variable in Indonesia
A. Mahendra
Faculty of Economics at Universitas Katolik Santo Thomas, Indonesia
ABSTRACT
This research intends to know the influence of world oil price, export, and investment with the exchange rate as a moderating variable in Indonesia. Population in this research is Indonesia, and 20 of them were selected to be the samples for this research through a purposive sampling technique. Estimates conducted by the multiple regression analysis. The data that were used in this study were secondary, consisted of World Oil Price, Export, and Investment to economic growth for the year 2000-2019. The results of this research that Based on the partial test (t-test), the Investment variable has no significant effect. In contrast, the World Oil Price and Export variables have a significant effect on the variables of the Economic Growth in Indonesia, the simultaneous test (F test), world oil price, export, and investment have a significant effect on the variables of the economic growth. The exchange rate is unable to moderate the relationship between world oil price, export and investment on economic growth.
Keywords: World Oil Price, Export, Investment, Exchange Rate and Economic Growth.
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