Pendekatan Model Ordinary Least Square (OLS) Pada Pengaruh Tingkat Inflasi dan Suku Bunga Terhadap Pertumbuhan Ekonomi Indonesia
DOI:
https://doi.org/10.35870/jemsi.v11i5.4724Keywords:
Economic Growth, Inflation Rate, Interest RateAbstract
This study aims to analyze the effect of inflation rates and interest rates on economic growth in Indonesia partially and simultaneously. The background of this study is based on the importance of macroeconomic stability in driving sustainable economic growth. The type of research is associative. The data used are annual secondary data obtained from the Central Statistics Agency (BPS) and Bank Indonesia for the period 1975-2024. The dependent variable is Indonesia's economic growth measured in percent. The first independent variable is inflation measured in percent and the second independent variable is the interest rate measured in percent. The analysis method used in this study is multiple linear regression with the Ordinary Least Squares (OLS). Approach. The results of this study indicate that simultaneously, the inflation rate and interest rates do not have a significant effect on Indonesia's economic growth. However, partially, the inflation variable has a significant negative effect on economic growth at a significance level of 10%, while interest rates do not have a significant effect. The low coefficient of determination (R²) value indicates that these variables only explain a small part of the variation in economic growth.
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