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Pengaruh Jumlah Turis Dan Devisa Pariwisata Terhadap Nilai Tukar Rupiah
[The Effect Of Tourism On Rupiah Exchange Rates]

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  • Nizar, Muhammad Afdi

Abstract

The research objectives are to determine the impact of tourism, which proxied by the number of tourists and tourism receipts, against the exchange rates of Rupiah in Indonesia. This research was conducted using quantitative approaches, namely vector autoregressive (VAR) model and using monthly time series data during 1998:1 – 2011:6. The results showed several conclusions : (i) the growth of tourism (tourism receipts and number of tourists) and exchange rates have reciprocal causal relationship; (ii) the impact of tourism receipts increase will increase (appreciate) the exchange rates (Rupiah) for 3 months, while the increase of tourist numbers will appreciate the exchange rates (Rupiah) for 8 months; (iii) the appreciation (depreciation) of Rupiah will boost the increase (decrease) of tourism receipts and number of tourists in the difference time horizon; (iv) there is a positive relationship and mutual influence between the number of tourists and tourism receipts.

Suggested Citation

  • Nizar, Muhammad Afdi, 2012. "Pengaruh Jumlah Turis Dan Devisa Pariwisata Terhadap Nilai Tukar Rupiah [The Effect Of Tourism On Rupiah Exchange Rates]," MPRA Paper 65629, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:65629
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    File URL: https://mpra.ub.uni-muenchen.de/65629/1/MPRA_paper_65629.pdf
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    References listed on IDEAS

    as
    1. Emilio Pineda & Mr. Paul Cashin & Ms. Yan M Sun, 2009. "Assessing Exchange Rate Competitiveness in the Eastern Caribbean Currency Union," IMF Working Papers 2009/078, International Monetary Fund.
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    3. Sugeng & M. Noor Nugroho & Ibrahim & Yanfitri, 2010. "Pengaruh Dinamika Penawaran dan Permintaan Valas terhadap Nilai Tukar Rupiah dan Kinerja Perekonomian Indonesia," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 12(3), pages 1-43, January.
    4. Schubert, Stefan Franz & Brida, Juan Gabriel & Risso, Wiston Adrián, 2011. "The impacts of international tourism demand on economic growth of small economies dependent on tourism," Tourism Management, Elsevier, vol. 32(2), pages 377-385.
    5. Lim, Christine, 2004. "The major determinants of Korean outbound travel to Australia," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 64(3), pages 477-485.
    6. Vasilios Patsouratis & Zoe Frangouli & George Anastasopoulos, 2005. "Competition in tourism among the Mediterranean countries," Applied Economics, Taylor & Francis Journals, vol. 37(16), pages 1865-1870.
    7. Nizar, Muhammad Afdi, 2011. "Pengaruh Pariwisata Terhadap Pertumbuhan Ekonomi Di Indonesia [Tourism Effect On Economic Growth In Indonesia]," MPRA Paper 65628, University Library of Munich, Germany.
    8. Yair Eilat & Liran Einav, 2004. "Determinants of international tourism: a three-dimensional panel data analysis," Applied Economics, Taylor & Francis Journals, vol. 36(12), pages 1315-1327.
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    Cited by:

    1. Nizar, Muhammad Afdi, 2013. "Pengaruh Pariwisata Terhadap Perdagangan Internasional Di Indonesia [effect of tourism on international trade in Indonesia]," MPRA Paper 65631, University Library of Munich, Germany.
    2. Nizar, Muhammad Afdi, 2014. "Pengaruh Aliran Masuk Devisa Tenaga Kerja (Workers’ Remittances) Terhadap Nilai Tukar Rupiah [The Effect of Workers’ Remittances on Exchange Rates of Rupiah]," MPRA Paper 65728, University Library of Munich, Germany.

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    More about this item

    Keywords

    exchange rates; tourism receipts; depreciation; appreciation;
    All these keywords.

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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