Inflation, Foreign Exchange, Interest Rate, Trade Balance, Payment Balance on Growth In The Covid-19 Pandemic

Sinaga, A.P.A.

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Title	Inflation, Foreign Exchange, Interest Rate, Trade Balance, Payment Balance on Growth In The Covid-19 Pandemic
Authors	Sinaga, A.P.A.
ORCID
Keywords	інфляція инфляция inflation валютні курси валютные курсы foreign exchange rates процентні ставки процентные ставки interest rates торговельний баланс торговый баланс trade balance економічне зростання экономический рост economic growth платіжний баланс платежный баланс balance of payments
Type	Article
Date of Issue	2022
URI	https://essuir.sumdu.edu.ua/handle/123456789/90553
Publisher	Sumy State University
License	Creative Commons Attribution 4.0 International License
Citation	Sinaga, A.P. Anton (2022). Inflation, Foreign Exchange, Interest Rate, Trade Balance, Payment Balance on Growth In The Covid-19 Pandemic. SocioEconomic Challenges, 6(4), 52-59. https://doi.org/10.21272/sec.6(4).52-59.2022.
Abstract	Authors: Anton Atno Parluhutan Sinaga, ORCID: https://orcid.org/0000-0001-8008-3480 Indonesian Methodist University, Medan, Indonesia Pages: 52-59 Language: English DOI: https://doi.org/10.21272/sec.6(4).52-59.2022 Received: 19.10.2022 Accepted: 02.12.2022 Published: 31.12.2022 Download: Views: Downloads: 12 6 Abstract The purpose of this study is to determine the effect of inflation, foreign exchange rates, interest rates and trade balance on economic growth through an increase in the balance of payments. The research method used in this study is a quantitative descriptive research method using path analysis using AMOS 18. Variables of inflation, interest rates and the balance of trade affect economic growth through an increase in the balance of payments, where these three macroeconomic variables are capable of boosting economic growth, while the moderator variable for an increase in the balance of payments is the link and driver for the three variables such as inflation, interest rates and the trade balance did not contract against the increase in economic growth. The conclusion of this study is that partially inflation, interest rates and the trade balance have a significant effect on the economic growth variable and the moderator variable for increasing the balance of payments, while simultaneously the inflation variables, foreign exchange rates, interest rates and the trade balance has a significant effect on the variable of economic growth through the variable of increasing the balance of payments. Through the results of research that has been stated that the inflation variable, interest rates and trade balance affect economic growth through an increase in the balance of payments, where these three macroeconomic variables are things that are able to boost economic growth, while the moderator variable for an increase in the balance of payments is a link and a driving force for the three variables such as inflation, interest rates and the trade balance did not contract to the increase in economic growth.
Appears in Collections:	SocioEconomic Challenges (SEC)