Faktor-faktor Yang Mempengaruhi Pinjaman Luar Negeri Pemerintah Indonesia dan Dampaknya Terhadap Anggaran Pendapatan dan Belanja Negara (APBN)

by jurnalpeluang

Andre Sapthu

Dosen Fakultas Ekonomi

Universitas Pattimura

Abstract; The aim of this study is to axamine the effect of the budget deficit, exchange rate, export growth rates, GNP growth rate of foreign loans by the Indonesian government using the data for the period of 1975 to 2007. The estimete method used in this research is Cointegration Test and Error Correction Model Engle-Granger.

The result obtained from this research budget deficit significantly affect foreign loans the Indonesian government in the short term, while the variable exchange rate, export growth rates, GNP growth rate do not have influence on foreign loans the Indonesian government in the short term through a partial test, but together’s with the F test of all variables significantly affect the government’s foreign borrowing Indonesia.

Keyword; budget deficit, exchange rate, export growth rates, GNP growth rates, government foreign borrowing and Error Correction Model Engle-Granger.