Research Article
The Effect of Macroeconomic Variables and the Covid-19 Pandemic on National Income in Indonesia
@INPROCEEDINGS{10.4108/eai.31-3-2022.2320666, author={Martina Mutiara and Nursechafia Nursechafia}, title={The Effect of Macroeconomic Variables and the Covid-19 Pandemic on National Income in Indonesia}, proceedings={Proceedings of the 1st International Conference on Contemporary Risk Studies, ICONIC-RS 2022, 31 March-1 April 2022, South Jakarta, DKI Jakarta, Indonesia}, publisher={EAI}, proceedings_a={ICONIC-RS}, year={2022}, month={8}, keywords={macroeconomic variables national income covid-19 auto-regressive distributed lag (ardl) money supply (ms)}, doi={10.4108/eai.31-3-2022.2320666} }- Martina Mutiara
Nursechafia Nursechafia
Year: 2022
The Effect of Macroeconomic Variables and the Covid-19 Pandemic on National Income in Indonesia
ICONIC-RS
EAI
DOI: 10.4108/eai.31-3-2022.2320666
Abstract
Gross domestic product is one of the measuring tools in looking at a country's economy. Macroeconomic variables have an essential role in increasing or decreasing national income. The COVID19 pandemic has had an impact on the economy. This study aims to analyze macroeconomic variables and the effect of the Covid-19 pandemic on national income.The data used are quarterly data from 2012 to 2021.Data analyzed using the Auto Regressive Distributed Lag (ARDL) method shows a stable long-term relationship between macroeconomic variables and national income. This study shows that interest rates, inflation, and the Covid-19 period have a significant negative effect. The exchange rate and money supply have a significant positive impact on national income in the long-term coefficient. For short-term coefficients, interest rates, inflation, and money supply have a significant effect, while inflation has no significant impact on national income.