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Journal > Jurnal Ekonomi > ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI NERACA BERJALAN DI EMPAT NEGARA ASEAN (INDONESIA, MALAYSIA, THAILAND, PHILIPIN) PERIODE 1980-2007

 

Jurnal Ekonomi
##issue.vol## 16, ##issue.no## 1 (2011): Ekonomi No. 1 Vol. 16 2011
ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI NERACA BERJALAN DI EMPAT NEGARA ASEAN (INDONESIA, MALAYSIA, THAILAND, PHILIPIN) PERIODE 1980-2007
Article Info   ABSTRACT
Published date:
12 Apr 2012
 
The purpose of this study is to analyze the factors which influence the current account constitutes one of the components in the balance of payment that reflect the external balance of the economical system in a country, including the ASEAN-4 (Indonesia, Malaysia, Thailand, Philippine). The economical models used in this study are Co integration model which is the general long term model and the Error Correction Mechanism dynamic model as the short term adjustment model to obtain long term balance. The results of this study are; Indonesia’s current account, both in long term and short term significantly influenced by the growth of foreign debt, the rate of inflation, and the real effective exchange rate. Whereas, the domestic economical income influences current account only in short term. Malaysia’s current account whether in long term or short term significantly influenced by the growth of foreign debt, the growth of  domestic economy, and the real effective exchange rate. Meanwhile, Philippine’s current account whether in long term or short term significantly influenced by the growth of foreign debt, the rate of inflation, and the real effective exchange rate. Foreign economical growth variable influences the current account in long term only. The last, Thailand’s current account, both long term and short term significantly influenced by the growth of foreign debt and the rate of inflation. Whereas, the domestic economical growth and foreign economical growth variables influence the current account in long term only. Although individually, there are insignificant factors influence the current account, but based on statistical testing  (F- test), the whole current account’s determinants are able to explain the variety of current account altogether both in long term and short term obviously
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