Analisis Faktor-Faktor Yang Mempengaruhi “Capital Flight” Di Indonesia

Navik Istikomah
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Navik Istikomah: Universitas Padjajaran, Bandung

Bulletin of Monetary Economics and Banking, 2003, vol. 6, issue 2, 12-31

Abstract: The purpose of this research is to identify the problems of the effect of economic variables, that is, changes of exchange rates Rp/US$, external debt, economic growth, inflation, differences of interest rate of Indonesian-America, Foreign Direct Investment, political stability condition, on capital flight in Indonesia, for period 1st quarter, 1990 – 4th quarter, 2000. The determinants of capital flight in Indonesia use cointegration equation model of Likelihood Johansen’s. The estimation completed by time series data validity, that is, unit-roots-test and co-integration-test. The result of research indicate that independent variable on model, that is, changes of exchange rates Rp/US$, external debt, economic growth, inflation, differences of interest rate of Indonesian-America, Foreign Direct Investment, and political stability condition, on the long run could explain changes of capital flight about 58,85 percent and altogether significant (computed-F = 7,1520 > value-F = 3,192). Partially, knowed that all variable on model, exceptly inflation and differences of interest rate of Indonesia-America, to have significant influence on capital flight in Indonesia. All variable sufficient stationery-condition at first different and the model could cointegrated at first different.

Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:idn:journl:v:6:y:2003:i:2a:p:12-31

DOI: 10.21098/bemp.v6i2.325

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