The Impact of Oil and Gas Exports on Indonesia's Foreign Exchange Reserves from 2014 to 2022

Fauzan Husaini; Fitri Fitri; Eggy Armand Ramdani; Pepe Iswanto

doi:10.36667/se.v7i2.1980

Fauzan Husaini Institut Agama Islam Darussalam
Fitri Fitri Institut Agama Islam Darussalam
Eggy Armand Ramdani Institut Agama Islam Darussalam
Pepe Iswanto Institut Agama Islam Darussalam

DOI: https://doi.org/10.36667/se.v7i2.1980

Abstract

International trade can affect economic growth, create jobs, distribute income, and affect the country's foreign exchange reserves. One of the efforts to increase the country's foreign exchange reserves is to increase the number of exports. This study uses a multiple linear regression analysis method using time-series data. The classical assumption test methods used in this study include normality test, multicollinearity test, autocorrelation test, and heteroscedasticity test. This research was carried out by statistical tests using Eviews-12 software. The statistical tests carried out included the t test (partial), the F test (simultaneous), and the determination coefficient analysis. The research data was sourced from Bank Indonesia and the Central Statistics Agency for the period 2014-2022. The results of the study show that partially the oil and gas export variable have a negative effect on Indonesia's foreign exchange reserves in 2014-2022. Meanwhile, the non-oil and gas export variable has a positive effect on Indonesia's foreign exchange reserves in 2014-2022. The results of the study also show that the variables of oil and gas exports and non-oil and gas exports together affect Indonesia's foreign exchange reserves in 2014-2022 by 72.62%.

References

Adrian, S. (2014). Hukum Ekspor Impor. Penerbit Raih Asah Sukses.
Amir. (2003). Ekspor Impor Teori dan Penerapannya. In PPM.
Badan Pusat Statistik. (2022). Badan Pusat Statistik (BPS) 2022. Statistik Indonesia 2022.
Besomi, D. (2017). Economic Dictionaries on the Web. HERMES - Journal of Language and Communication in Business. https://doi.org/10.7146/hjlcb.v26i50.97787
Christianto. (2013). Perdagangan International. Journal Name.
Dananjaya, I. D. G. N., & Rasmini, N. K. (2019). Pengaruh Pertimbangan Pasar Kerja, Pelatihan Profesional, Dan Personalitas Terhadap Minat Mahasiswa Akuntansi Pada Pemilihan Karir. E-Jurnal Akuntansi, 29(2), 899. https://doi.org/10.24843/eja.2019.v29.i02.p30
E., R., & others. (2018). Perdagangan Internasional (Konsep dan Aplikasi). Bumi Aksara.
Gandhi, D. V. (2006). Pengelolaan Cadangan Devisa di Bank Indonesia. Pusat Pendidikan dan Studi Kebanksentralan.
Hardani, & Ustiawaty, J. A. H. (2017). Buku Metode Penelitian Kualitatif dan Kuantitatif.
IMF. (2020). World Economic Outlook Database. Www.Imf.Org.
Khusnatun, L. L., & Hutajulu, D. M. (2021). Analisis Faktor-Faktor yang Mempengaruhi Cadangan Devisa Indonesia. Ekono Insentif, 15(2), 79–92.
Krugman, P., & Obtfel, M. (2003). Internasional Economics Theory and Policy. Foresman And Company.
Meier, G. M. (1996). Title of the Book on Export. Publisher Name.
Nuryanto, & Bagus Pambuko, Z. (2018). Eviews untuk Analisis Ekonometrika Dasar: Aplikasi dan Interpretasi (M. Setiyo (ed.); 1st ed.). Unimma Press.
Pinem, J. R. (2009). Analisis Pengaruh Ekspor, Impor, Kurs Nilai Tukar Rupiah Terhadap Cadangan Devisa Indonesia. http://www.example.com
Sugiyono. (2022). Metode Penelitian Kuantitatif, Kualitatif dan R&D. Alfabeta.
Sujarweni, V. W. (2014). Metodologi penelitian : lengkap, praktis, dan mudah dipahami (1st ed.). Pustaka Baru press.
Sukirno, S. (2004). Makro Ekonomi Teori Pengantar. PT Raja Grafindo Persada.
Taufik, M., & others. (2015). Pengaruh Investasi Dan Ekspor Terhadap Pertumbuhan Ekonomi Serta Penyerapan Tenaga Kerja Provinsi Kalimantan Timur. Jurnal Ekonomi Kuantitatif Terapan.
Wulandari, S., & Lubis, A. S. (2019). Analisis Perkembangan Ekspor Impor Barang Ekonomi di Provinsi Sumatera Utara. Jurnal Administrasi Bisnis, 8(1), 31–36.