Apakah Perkembangan Finansial Meredam atau Memperbesar Dampak Suatu Kejutan?  

Oleh:

Permata, Meily Ika ; Ibrahim ; Ari, Hidayah Dhini

Jenis: Article from Journal - ilmiah nasional - terakreditasi DIKTI
Dalam koleksi: Bulletin of Monetary Economics and Banking (ex: Buletin Ekonomi Moneter dan Perbankan) vol. 14 no. 2 (Oct. 2011), page 113-134.
Topik: Financial development; shock; output volatility; VAR
Fulltext: MeilyIkaIbrahimHidayah_dv.pdf (315.03KB)

Isi artikel

This paper analyzes the role of financial development on economic output in Indonesia. Using vector autoregressive method, the results confirm the positive impact of financial development on output growth. The interaction between the financial development and the shock either in financial or real sector shows that the financial development has a positive role to dampen the negative impact of the shock on the output growth, while strengthen the positive one. Another variable on the model, which significantly affect the output growth are excess money, term of trade, and the price. Compare to these variables, the marginal effect of financial development on output is smaller.

Opini Anda

Klik untuk menuliskan opini Anda tentang koleksi ini!

Kembali