IDEAS home Printed from https://ideas.repec.org/a/khe/scajes/v6y2020i3p113-121.html
   My bibliography  Save this article

Analysis of the Effect of E-Money on Economic Growth in Indonesia

Author

Listed:
  • Pretty Naomi Sitompul
  • Vera Sylvia Saragi Sitio

Abstract

This study aims to determine and analyze the effect of e-money, money supply, inflation, and exchange rate on economic growth in Indonesia. This study uses monthly time series data from January 2009 to December 2018 with a sample size of 120 months. The model used is the vector error correction model (VECM) using the EViews 10 software. The results show that in the long run there is a relationship between e-money, money supply, and exchange rate on economic growth in Indonesia. E-Money and money supply have a positive and significant effect on economic growth in Indonesia. Then, inflation has a positive and insignificant effect on economic growth in Indonesia, while exchange rate has a negative and significant effect on economic growth in Indonesia. Based on the granger causality test, there is no two-way relationship between each research variable.

Suggested Citation

  • Pretty Naomi Sitompul & Vera Sylvia Saragi Sitio, 2020. "Analysis of the Effect of E-Money on Economic Growth in Indonesia," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 6(3), pages 113-121, September.
    • Handle: RePEc:khe:scajes:v:6:y:2020:i:3:p:113-121
    as

    Download full text from publisher

    File URL: http://www.ajes.ro/wp-content/uploads/AJES_article_1_355.pdf
    Download Restriction: no
    File URL: http://www.ajes.ro/wp-content/uploads/AJES_article_1_355.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    E-Money; money supply; inflation; exchange rate; economic growth;
    All these keywords.

    JEL classification:

    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:khe:scajes:v:6:y:2020:i:3:p:113-121. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Adi Sava (email available below). General contact details of provider: https://edirc.repec.org/data/ffucdro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.