Abstract
This research aims to analyze determinants of the number of foreign tourist, average foreign tourist expenditure, average length of stay foreign tourist, and dollar exchange rate against rupiah on foreign exchange earnings of tourism sector in Indonesia 2009 – 2013 periods. The data is secondary from Indonesia Statistical Agency, Bank of Indonesia, Ministry of Tourism and Creative Economy, articles, journal, and result of previous researches. This research uses panel data regression analysis. The result shows that the number of foreign tourist, average foreign tourist expenditure, average length of stay foreign tourist and dollar exchange rate against rupiah are giving positive effect on foreign exchange earnings of tourism sector in Indonesia 2009 – 2013 periods. Average length of stay foreign tourist is a variable that mostly affecting on open foreign exchange earnings in Indonesia 2009 – 2013 periods. Based on the result, the government is targeting foreign tourist arrivals to Indonesia for foreign tourists bringing foreign currency so that the rupiah demand will rise and increase tourism foreign exchange. Government, investors and communities leveraging existing infrastructure so that the average length of stay of foreign tourists continues to increase so Enhancing tourism foreign exchange. Stability of rupiah should always be maintained.
Highlights
Definition of foreign exchange in relation to foreign trade transactions refers to Regulation No 16 in 1970 which is known two common types of foreign exchange, namely general foreign exchange and credit foreign exchange
The problems formulation is: Simultaneously, number of foreign tourists, average foreign tourist spending, average length to stay of foreign tourists, and rupiah exchange rate against the dollar affecting the foreign exchange earnings of tourism? Which is the sector that mostly affecting the foreign exchange earnings?
To determine the effects of foreign tourists number, average foreign tourist spending, average length to stay of foreign tourists, rupiah exchange rate against dollar on tourism foreign exchange earnings in Indonesia
Summary
Definition of foreign exchange in relation to foreign trade transactions refers to Regulation No 16 in 1970 which is known two common types of foreign exchange, namely general foreign exchange and credit foreign exchange. Foreign exchange reserve will be used as the medium of payment between the countries. Indonesia is a developing country where the state is doing a lot of development in all fields to achieve a just and prosperous society. To perform such development, it requires significant funding. Funding is obtained from the foreign exchange reserves that can be obtained from trade activities among the countries where a country has its limitations and the scarcity of resources. If a country is not able to meet their needs the country will import goods to meet their
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