PENGARUH BUDGET DEFICIT TERHADAP CURRENT ACCOUNT DEFICIT: STUDI EMPIRIS DI ASEAN-5

Eka Budiyanti
10.22212/jekp.v4i2.54
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Abstract

metode dan hasil yang berbeda-beda. Tetapi belum ada yang memasukkan pengaruh keterbukaan ekonomi terhadap current account deficit. Oleh karena itu, tujuan utama penelitian ini adalah untuk mengestimasi hubungan antara current account deficit dan budget deficit dari perekonomian ASEAN-5 (Indonesia, Malaysia, Singapura, Thailand, dan Phillipina). Secara spesifik, diuji validitas twin deficit dan mempertimbangkan pengaruh indikator keterbukaan ekonomi antar negara yaitu trade openness terhadap current account deficit. Hasil dari analisis data panel perekonomian ASEAN-5 periode tahun 2006-2012, current account deficit tidak merespon perubahan yang terjadi pada budget deficit. Hasil ini mendukung teori konvensional hubungan positif antara budget deficit dan current account deficit meskipun tidak siginifikan terjadi pada perekonomian ASEAN-5. Selain itu, tabungan dan investasi memiliki pengaruh yang signifikan terhadap current account deficit. Meningkatnya satu persen tabungan dan investasi mendorong current account deficit meningkat/menurun masing-masing sebesar 0,98 dan 0,92 persen. Hasil estimasi juga menunjukkan trade openness tidak mempengaruhi current account deficit pada perekonomian ASEAN-5.

Keywords

defisit kembar; data panel; current account deficit; budget deficit

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DOI: https://doi.org/10.22212/jekp.v4i2.54

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