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Jurnal Kebijakan Ekonomi

Abstract

This study aims to examine the condition of Marshall-Lerner regard to the simultaneous relationship of export and import of Indonesia’s manufacturing sector. This simultaneous relationship occurs due to Indonesia’s manufacturing industry is part of the global production network as of its export products containing imported intermediate inputs. SVAR is using to analyze the simultaneous relationship between variables with their own variables and other variables in the past. Its due to changes in export and import values do not immediately occur at the same time with changes in exchange rates. Empirical results shows that by taking into account the simultaneous relationship of exports and imports, Marshall- Lerner conditions still met.

Bahasa Abstract

Penelitian ini bertujuan untuk menguji kondisi Marshall-Lerner sehubungan dengan hubungan simultan ekspor dan impor sektor manufaktur Indonesia. Hubungan simultan ini terjadi karena industri manufaktur Indonesia merupakan bagian dari jaringan produksi global karena produk ekspornya mengandung input antara impor. SVAR menggunakan untuk menganalisis hubungan simultan antara variabel dengan variabel mereka sendiri dan variabel lain di masa lalu. Karena perubahan dalam nilai ekspor dan impor tidak segera terjadi pada saat yang sama dengan perubahan nilai tukar. Hasil empiris menunjukkan bahwa dengan mempertimbangkan hubungan simultan ekspor dan impor, kondisi Marshall-Lerner masih terpenuhi.

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