FINANCIAL LIBERALIZATION AND ECONOMIC GROWTH IN INDONESIA

<p>The objective of this study was to examine the empirical relationship between financial and economic growth by using broad money as a percentage of GDP and bank credit to the private sector as a percentage of GDP as an indicators of financial liberalization. It argues that broad money as a...

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Autor principal:	Rini D Astuti
Formato:	article
Lenguaje:	EN
Publicado:	Universitas Muhammadiyah Yogyakarta 2010
Materias:	economic growth financial liberalization error correction model Economic theory. Demography HB1-3840
Acceso en línea:	https://doaj.org/article/a491f58047f941128ba796085befd4f4
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id	oai:doaj.org-article:a491f58047f941128ba796085befd4f4
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spelling	oai:doaj.org-article:a491f58047f941128ba796085befd4f42021-12-02T11:03:51ZFINANCIAL LIBERALIZATION AND ECONOMIC GROWTH IN INDONESIA1411-99002541-5506https://doaj.org/article/a491f58047f941128ba796085befd4f42010-10-01T00:00:00Zhttps://journal.umy.ac.id/index.php/esp/article/view/3235https://doaj.org/toc/1411-9900https://doaj.org/toc/2541-5506<p>The objective of this study was to examine the empirical relationship between financial and economic growth by using broad money as a percentage of GDP and bank credit to the private sector as a percentage of GDP as an indicators of financial liberalization. It argues that broad money as a percentage of GDP have a clear disadvantage over economic growth in Indonesia during 1970-2002. The main findings are as follows: First, in short run, the study finds its measure of broad money as a percentage of GDP to have a significantly negative effect on the economic growth, and it measure of bank credit to the private sector as a percentage of GDP has no significantly positive effect on the economic growth. Second, in long run, it finds the impact of broad money as a percentage of GDP and bank credit to the private sector as a percentage of GDP on economic growth to be consistent with the short-run.</p>Rini D AstutiUniversitas Muhammadiyah Yogyakartaarticleeconomic growthfinancial liberalizationerror correction modelEconomic theory. DemographyHB1-3840ENJurnal Ekonomi & Studi Pembangunan, Vol 6, Iss 2, Pp 137-148 (2010)
institution	DOAJ
collection	DOAJ
language	EN
topic	economic growth financial liberalization error correction model Economic theory. Demography HB1-3840
spellingShingle	economic growth financial liberalization error correction model Economic theory. Demography HB1-3840 Rini D Astuti FINANCIAL LIBERALIZATION AND ECONOMIC GROWTH IN INDONESIA
description	<p>The objective of this study was to examine the empirical relationship between financial and economic growth by using broad money as a percentage of GDP and bank credit to the private sector as a percentage of GDP as an indicators of financial liberalization. It argues that broad money as a percentage of GDP have a clear disadvantage over economic growth in Indonesia during 1970-2002. The main findings are as follows: First, in short run, the study finds its measure of broad money as a percentage of GDP to have a significantly negative effect on the economic growth, and it measure of bank credit to the private sector as a percentage of GDP has no significantly positive effect on the economic growth. Second, in long run, it finds the impact of broad money as a percentage of GDP and bank credit to the private sector as a percentage of GDP on economic growth to be consistent with the short-run.</p>
format	article
author	Rini D Astuti
author_facet	Rini D Astuti
author_sort	Rini D Astuti
title	FINANCIAL LIBERALIZATION AND ECONOMIC GROWTH IN INDONESIA
title_short	FINANCIAL LIBERALIZATION AND ECONOMIC GROWTH IN INDONESIA
title_full	FINANCIAL LIBERALIZATION AND ECONOMIC GROWTH IN INDONESIA
title_fullStr	FINANCIAL LIBERALIZATION AND ECONOMIC GROWTH IN INDONESIA
title_full_unstemmed	FINANCIAL LIBERALIZATION AND ECONOMIC GROWTH IN INDONESIA
title_sort	financial liberalization and economic growth in indonesia
publisher	Universitas Muhammadiyah Yogyakarta
publishDate	2010
url	https://doaj.org/article/a491f58047f941128ba796085befd4f4
work_keys_str_mv	AT rinidastuti financialliberalizationandeconomicgrowthinindonesia
_version_	1718396306154586112

FINANCIAL LIBERALIZATION AND ECONOMIC GROWTH IN INDONESIA

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