Kausalitas Pinjaman-Hibah Luar Negeri Terhadap Pertumbuhan Ekonomi, Dan Kemiskinan Di Indonesia

Abstrak

This study examines the causal relationship between foreign loans and grants variables on economic growth and poverty in Indonesia. The research used secondary data between 2012 and 2021, while the data processing method used the Granger causality test using the Toda-Yamamoto approach. There are eight tests with these variables. One of the results obtained shows the direction of causality found in foreign loans to economic growth or it can also be stated that foreign loans are the cause of economic growth. While the other seven found no indication of causality with one another. Johansen's test shows that there is a potential for the same movement in the long term between foreign loans and grants on economic growth and poverty. Improving the management of loan management needs to be done so that it is more able to stimulate the economy, the political stability of government regulations also plays a role in the effectiveness of foreign loans and grants management loans.

Kata kunci

• Economic Growth
• Poverty
• foreign debt and grants