Analysis Of The Effect Of Exports, Imports And Foreign Debt On Indonesian Foreign Exchange Reserves In 2011-2021

Abstract

This study aims to analyze the effect of exports, imports and foreign debt on Indonesia's foreign exchange reserves both simultaneously and partially in the 2011-2021 period. The related variables are foreign exchange reserves and the independent variables are exports, imports and foreign debt. In this study using secondary data in the form of time series data obtained from the Indonesian BPS (Badan Pusat Statistik) and Lokadata. The data analysis used is the classical assumption test (normality test, multicollinearity test, heteroscedasticity test and autocorrelation test), multiple linear regression and statistical tests (test of the coefficient of determination (R2), t test and F test, using the E-Views 9 application as analysis tool. The results of the partial regression coefficient analysis (t test) show that there is a positive and significant effect of the export variable and the foreign debt variable on the variable of Indonesia's foreign exchange reserves in 2011-2021, while the import variable shows no effect on the variable of Indonesia's foreign exchangereserves in 2011-2021. The results of the F test analysis show that there is a simultaneous or joint and significant effect of the variables of exports, imports and foreign debt on the variable of Indonesia's foreign exchange reserves in 2011-2021.