Abstract
Oil is one of the strategic energies in the economy. The fluctuations will always be a favorite barometer of economists and world leaders. Therefore, this study aims to convert deeper into the world and monetary variables towards the Indonesian economy for the period 1996-2018. This study uses secondary data from the IMF and BPS. Variables are economic growth, oil prices, and interest rates. Perform the analysis carried out, namely descriptive analysis using Images and inferential analysis with Vector Error Correction Mechanism (VECM). The results of this study are common in the context of economic growth. Meanwhile, there is no economic growth. Meanwhile, at that time economic growth was influenced by economic growth in the first quarter, second and third quarter, growth in oil prices in the previous quarter, and economic growth in the previous quarter. The average value of ECT produced is negative and significant.
Highlights
Jurnal Ekonomi-QU (Jurnal Ilmu Ekonomi) minyak lainnya yang hampir 50% menunjukkan bahwa masih tingginya ketergantungan masyarakat Indonesia terhadap energi jenis minyak
Pada kuartal pertama tahun 2009 nilai minyak turun drastis sekitar 499,6 ribu per barel
Harga minyak berada pada level 450,3 ribu per dolar pada kuartal keempat tahun 2014
Summary
Energi merupakan salah satu sumber kehidupan dan digunakan sebagai input dalam aktivitas ekonomi. Energi yang paling sering digunakan adalah minyak bumi, gas, dan batu bara. Berdasarkan data Badan Pusat Statistik (BPS) tahun 2015, konsumsi energi yang digunakan diurutkan berdasarkan sumber energi adalah olahan minyak lainnya sebesar 48,48%, listrik 16,85%, energi biomassa primer 13,85%, bahan bakar minyak (BBM), liquefied petroleum gases (LPG) dan gas kilang sebesar 10,03%, gas alam sebesar 6,4%, batubara sebesar 4,25%, serta sisanya briket dan kokas sebesar 0,10%. Konsumsi BBM dan olahan minyak lainnya yang hampir 50% menunjukkan bahwa masih tingginya ketergantungan masyarakat Indonesia terhadap energi jenis minyak
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