PENGARUH ALIRAN MASUK DEVISA TENAGA KERJA (WORKERS’ REMITTANCES) TERHADAP NILAI TUKAR RUPIAH

The Effect of Workers’ Remittances on Exchange Rates of Rupiah

Muhammad Nizar

MPRA Paper from University Library of Munich, Germany

Abstract: This study aims to determine the impact of workers’ remittances to the real exchange rates of rupiah during 2004 - 2013. Based on quarterly time series data and using VAR model, the results of this study suggested several conclusions : (i) the growth of remittance inflows have a positive impact on real exchange rates of rupiah. That is, the increase in remittance inflows cause the real exchange rate of the rupiah has strengthened (appreciated) in a fairly long period, i.e, up to 5 quarter, and (ii) the appreciation of the real exchange rates of rupiah just increased remittance inflows in the short term, which is about one quarter.

Keywords: external balance; balance of payments; current accounts; exchange rates; workers’ remittances. (search for similar items in EconPapers)
JEL-codes: F24 F31 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:65728

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