Electronic Theses and Dissertation

ABSTRAK
Judul : Pengaruh Financial Development dan Keterbukaan Perdagangan Terhadap Pertumbuhan Ekonomi di Indonesia
Penulis : Azura Raihan Fadilla
NIM : 2201101010124
Fakultas/Jurusan : Ekonomi dan Bisnis/Ekonomi Pembangunan
Pembimbing : Dr. Chenny Seftarita, S.E., M.Si. dan Talbani Farlian, S.E., M.A.
Konsentrasi : Ekonomi Moneter
Penelitian ini bertujuan untuk menganalisis pengaruh financial development dan keterbukaan perdagangan terhadap pertumbuhan ekonomi di Indonesia. Pertumbuhan ekonomi diukur menggunakan laju pertumbuhan produk domestik bruto (PDB). Indikator financial development yang digunakan adalah rasio kredit kepada sektor swasta terhadap PDB dan rasio jumlah uang beredar terhadap PDB sedangkan keterbukaan perdagangan diukur melalui rasio total ekspor dan impor terhadap PDB. Penelitian ini menggunakan model Autoregressive Distributed Lag (ARDL). Hasil penelitian menunjukkan bahwa rasio kredit kepada sektor swasta berpengaruh positif signifikan terhadap pertumbuhan ekonomi dalam jangka pendek dan jangka panjang sedangkan rasio jumlah uang beredar berpengaruh negatif signifikan dalam jangka pendek dan jangka panjang. Keterbukaan perdagangan berpengaruh negatif signifikan dalam jangka pendek namun positif signifikan dalam jangka panjang. Berdasarkan temuan ini, Pemerintah dan Bank Indonesia sebaiknya terus mendukung penyaluran kredit ke sektor swasta karena dapat mendorong investasi dan ekspansi usaha. Selain itu, pengendalian jumlah uang beredar perlu dilakukan secara lebih terukur agar tidak menimbulkan inflasi serta kebijakan perdagangan perlu diarahkan untuk memperkuat daya saing nasional agar menghasilkan pertumbuhan ekonomi yang berkelanjutan.

Kata kunci: Financial Development, Kredit Kepada Sektor Swasta, Jumlah Uang Beredar, Keterbukaan Perdagangan, Pertumbuhan ekonomi

ABSTRACT Title : The Effect of Financial Development and Trade Openness on Economic Growth in Indonesia Author : Azura Raihan Fadilla NIM : 2201101010124 Faculty/Department : Economics and Business/Ekonomic Development Supervisor : Dr. Chenny Seftarita, S.E., M.Si. dan Talbani Farlian, S.E., M.A. Concentration : Monetary Economic This study aims to analyze the effect of financial development and trade openness on economic growth in Indonesia. Economic growth is measured using the growth rate of gross domestic product (GDP). The financial development indicators used are the ratio of credit to the private sector to GDP and the ratio of money supply to GDP, while trade openness is measured by the ratio of total exports and imports to GDP. This study employs the Autoregressive Distributed Lag (ARDL) model. The results indicate that the ratio of credit to the private sector has a significant positive effect on economic growth in the short and long run, while the ratio of money supply has a significant negative effect in the short and long run. Trade openness has a significant negative effect in the short run but a significant positive effect in the long run. Based on these findings, the Government and Bank Indonesia should continue to support credit disbursement to the private sector, as it can encourage investment and business expansion. Additionally, the money supply should be managed carefully to avoid triggering inflation, and trade policies should be directed toward strengthening national competitiveness to achieve sustainable economic growth. Keywords: Financial Development, Credit to the Private Sector, Money Supply, Trade Openness, Economic Growth