The Influence of Inflation Levels, Exchange Rates and Exports on Gross Regional Domestic Product of North Sumatra for the 2001-2021 Period

Authors

  • Era Mustika Ginting Universitas Negeri Medan, Indonesia
  • Eka Saripa Siburian Universitas Negeri Medan, Indonesia
  • Fikri Ardiansyah Pulungan Universitas Negeri Medan, Indonesia
  • Meilany Dwi Syafitri Universitas Negeri Medan, Indonesia

DOI:

https://doi.org/10.57235/aurelia.v3i1.1676

Keywords:

Inflation Rate, Exchange Rate, Exports, Gross Regional Domestic Product

Abstract

This research aims to analyze the influence of the inflation rate, exchange rate and exports on the Gross Regional Domestic Product (GRDP) of North Sumatra for the 2001-2021 period. The data used in this research is secondary data obtained from the North Sumatra Central Statistics Agency and Bank Indonesia. The analytical method used is panel data regression analysis using Eviews 10 software. The results of the research show that the inflation rate has a significant negative effect on the GRDP of North Sumatra, meaning that the higher the inflation rate, the lower the GRDP of North Sumatra. Meanwhile, the exchange rate and exports have a significant positive effect on North Sumatra's GRDP, meaning that the higher the exchange rate and exports, the higher the North Sumatra GRDP will be. From the results of this research it can be concluded that price and exchange rate stability are very important in increasing economic growth in North Sumatra. Apart from that, the government also needs to strengthen the export sector as one of the main sources of income in increasing North Sumatra's GRDP. It is hoped that this research can contribute to economic development in North Sumatra

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Published

2024-01-01

Issue

Vol. 3 No. 1 (2024): January 2024

Section

Articles

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