Determinant of Import in Indonesia

Authors

Muhamad Yunanto, Department of Economics, Universitas Gunadarma, IndonesiaFollow
Henny Medyawati, Department of Economics, Universitas Gunadarma, IndonesiaFollow

Abstract

Trade activities, particularly import, remain an interesting area of research. Therefore, this research aims to analyze the effect of inflation, Gross Domestic Product (GDP), Bank Indonesia interest rate (BI Rate), and exchange rates on Indonesian import. Quarterly time series data from 2010-2022 were obtained from Bank Indonesia and the Central Bureau of Statistics. Data was then analyzed using the Vector Error Correction Model (VECM) as the estimation tool. The results showed that GDP, interest rate, exchange rate, and inflation rate had a positive effect on import in the short and long term. A key contribution of this research was the use of interest rates (BI rate-BI7 Day Reverse Repo Rate (BI7DRR)) to predict import, which has not been widely used by researchers in Indonesia.

First Page

73

Last Page

88

Recommended Citation

Yunanto, Muhamad and Medyawati, Henny (2025) "Determinant of Import in Indonesia," Jurnal Ekonomi dan Studi Pembangunan: Vol. 17: No. 2, Article 6.
Available at: https://citeus.um.ac.id/jesp/vol17/iss2/6