The Influence of Money Supply, Inflation, Interest Rates, And Combined Stock Price Index on Gross Domestic Product

Authors

  • Melati Eka Octavia Universitas Ahmad Dahlan, Indonesia
  • Dwi Apriliana Universitas Ahmad Dahlan, Indonesia
  • Ari Maskuri Universitas Ahmad Dahlan
  • Lestari Sukarniati Universitas Ahmad Dahlan
  • Lustina Fajar Prastiwi Universitas Negri Malang

Abstract

Gross Domestic Product is used to describe all economic activities that occur in a region. Gross domestic product (GDP) is a variable used to view economic growth conditions. Economic growth is one of the key factors affecting GDP. If the figure in GDP increases, then there will be a perception that the country is at a good level of economic growth. Based on research, inflation has an influence on GDP because GDP is determined by prices, if inflation increases, the prices of goods and services will increase and real GDP will experience a price decrease. In this study, the variables of money supply, inflation, interest rates, and the Composite Stock Price Index (IHSG) were selected which would be tested against GDP. The data in this observation amount to 32 data with quarter time series data q1-q2 in 2015-2022. Output analysis using Eviews 10, using the OLS multiple linear regression method. The results of this study prove that the variables in the money supply (JUB), inflation, Jakarta Composite Index have a significant influence on GDP, and interest rates have nothing to do with GDP. Keywords: GDP, Economic, Growth, inflation, Interest rate

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Published

2024-12-19

How to Cite

Eka Octavia, M., Apriliana, D. ., Ari Maskuri, Lestari Sukarniati, & Lustina Fajar Prastiwi. (2024). The Influence of Money Supply, Inflation, Interest Rates, And Combined Stock Price Index on Gross Domestic Product. Proceedings of Femfest International Conference on Economics, Management, and Business, 2(2), 149–159. Retrieved from https://ejournal.unida.gontor.ac.id/index.php/FICCOMSS/article/view/13407

Issue

Vol. 2 No. 2 (2024): Special Issue, The Proceeding of International Conference on Islamic Human Resources Management

Section

Articles