The Impact of Fuel Oil Price Fluctuations on Indonesia’s Macro Economic Condition

AKHMAD,, AKHMAD, and Romadhoni, Buyung and Karim, Kasnaeny and Tajibu, Muhammad Jibril and Syukur, Muhammad (2019) The Impact of Fuel Oil Price Fluctuations on Indonesia’s Macro Economic Condition. International Journal of Energy Economics and Policy, 9 (2). 277 -282. ISSN 2146-4553

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Abstract

Since the beginning of the new order government up to now, Indonesia's economic development constantly influences by fluctuation in fuel oil price. This paper aims to know the impact of fuel oil price change on economic growth, inflation, and poverty in Indonesia using Vector Auto Regression (VAR) method. Data used in the research are quarterly time series data for 1980-2017 period. The research result indicates that an increase in fuel oil price gives negative impact on Indonesia's economy. Therefore, the government as well as all stakeholders needs to cooperate to reduce the negative impact of fuel oil price on economy. Keywords: Fuel Oil price, Economic Growth, Inflation, Poverty

Item Type:	Article
Subjects:	FAKULTAS ILMU SOSIAL KARYA ILMIAH DOSEN Universitas Negeri Makassar > KARYA ILMIAH DOSEN
Divisions:	KOLEKSI KARYA ILMIAH UPT PERPUSTAKAAN UNM MENURUT FAKULTAS > KARYA ILMIAH DOSEN KARYA ILMIAH DOSEN
Depositing User:	Nuhasni Muis
Date Deposited:	19 Jun 2023 08:33
Last Modified:	27 Jun 2023 05:33
URI:	http://eprints.unm.ac.id/id/eprint/30236

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