| This paper investigates the impact of exchange rate, inflation rate, and external debt on economic growth. Using quaterly data from 2001 to 2006 and Partial Adjustment Model (PAM) which estimated by Ordinary Least Square (OLS), the result indicate that individually only exchange rate it statistically negative significant and there is time lag in relationship between dependent variable and independent variable. Oeverall, economic growth can be explained by exchange rate, inflation rate, and external debt. |