Abstract
Economic openness is part of the demands that impact the entire region on economic development. This research aimed to analyze the impact of Economic Openness on Economic Growth in Aceh Province. The data used in this research was time-series data from 2005-2019. The variables used were exports, imports, domestic credit such as investment credit, consumer credit, working capital credit, and foreign investment (FDI). The data analysis tool used was a dynamic model with a specific approach to Autoregressive Distributed Lag (ARDL) model. The results of this research showed that in the long term, export, import, consumer credit, and working capital credit significantly affected Aceh’s economic growth. Then, the estimation results in the short term showed that import and consumption credit directly affect economic growth. Likewise, the result of Foreign Direct Investment (FDI) in the short term had a significant impact on Aceh’s economic growth. The government must strive to improve Economic openness because the impact is interrelated to national income and affect Aceh’s economic growth.How to Cite:Magfirah, N., Irawan, T., & Anggraeni, L. (2022). The Impact of Economic Openness on Economic Growth in Aceh Province. Signifikan: Jurnal Ilmu Ekonomi, 11 (2), 239-252. https://doi.org/10.15408/sjie.v11i2.21091.
Published Version (
Free)
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
