The relationship between macroeconomic variables and small-and-medium-enterprises in Indonesia
Economic Journal of Emerging Markets
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Title |
The relationship between macroeconomic variables and small-and-medium-enterprises in Indonesia
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Creator |
Cahyadin, Malik
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Subject |
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SMEs, Macroeconomic Variables, Granger Causality, VECM JEL: E2, O4, O17 |
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Description |
This study analyses the interaction between macroeconomic variables and indicators of small and medium enterprises (SME) in Indonesia. The analysed data include GDP, inflation, unemployment, poverty number, the number of SME business units, total SME employment, and SME investment. It uses Granger Causality Test and VECM. It suggests that macroeconomic variables and SME indicators have one causal direction. In addition, there are short term and long term relationships between macroeconomic variables and indicators of SME. The response of macroeconomic variables for indicators of SME takes 4.5-5 years to stabilize. Meanwhile, the contribution of SME to GDP indicator is likely to increase from quarter 1 to 64.
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Publisher |
Universitas Islam Indonesia
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Contributor |
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Date |
2017-03-31
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Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — — |
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Format |
application/pdf
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Identifier |
http://journal.uii.ac.id/JEP/article/view/7126
10.20885/ejem.vol9.iss1.art5 |
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Source |
Economic Journal of Emerging Markets; Volume 9 Issue 1, 2017; 40-50
2502-180X 2086-3128 |
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Language |
eng
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Relation |
http://journal.uii.ac.id/JEP/article/view/7126/6709
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Coverage |
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Rights |
Copyright (c) 2017 Economic Journal of Emerging Markets
http://creativecommons.org/licenses/by-sa/4.0 |
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