The Linkages between Infrastructure Spending and Economic Growth: Evidence from Indonesia

Apri Horizon, Prof. Koji Kotani

2014 | Tesis | S2 Magister Ek.Pembangunan

ABSTRAK Hubungan antara Pengeluaran Infrastruktur Pemerintah dan Pertumbuhan Ekonomi : Studi Kasus dari Indonesia oleh Apri Horizon Studi ini bertujuan untuk meneliti hubungan jangka panjang dan jangka pendek antara pengeluaran infrastruktur dan pertumbuhan ekonomi dengan menggunakan data triwulanan ekonomi Indonesia selama periode 1993 sampai dengan 2012. Penanaman modal dalam negeri, penanaman modal asing, belanja konsumsi pemerintah dan konsumsi swasta juga ikut diteliti dalam studi ini. Menggunakan konsep kointegrasi untuk meneliti hubungan jangka panjang, studi ini menemukan bahwa pengeluaran infrastruktur, penanaman modal dalam negeri, belanja konsumsi pemerintah, dan konsumsi swasta memiliki hubungan positif yang signifikan terhadap pertumbuhan ekonomi. Meneliti hubungan jangka pendek, error correction model menemukan bahwa hanya belanja konsumsi pemerintah dan konsumsi swasta yang memiliki hubungan positif dan signifikan terhadap pertumbuhan ekonomi.

ABSTRACT The Linkages between Infrastructure Spending and Economic Growth: Evidence from Indonesia by Apri Horizon This study aims to investigate the long-run and short-run relationship between infrastructure spending and economic growth by using quarterly data of Indonesian economy during the period from 1993 to 2012. Domestic investment, Foreign Direct Investment, government consumption and private consumption are also involved in this study. Using the concept of co-integration analysis for long-run relationship, this study found that infrastructure spending, domestic investment, government consumption, and private consumption have positive and significant effects on economic growth. In term of short-run relationship, error correction model shows that only government consumption and private consumption have positive and significant effects on economic growth.

Kata Kunci : Infrastructure, investment, consumption, co-integration, error correction models (ECM).