Analisis Pengaruh Perkembangan Teknologi, Peredaran Uang, Inflasi dan Pertumbuhan Ekonomi Secara Simultan di Indonesia

Abstract

Technological developments in Indonesia will accelerate the economy and the digital economy will form itself by combining financial services with modern and innovative internet-based technology. Technological developments have an influence on the growth of e-commerce, especially in 3 important parts of the Indonesian economy, Bank Indonesia noted that the level of Indonesian people's spending reached 2.92 billion. employment, the level of public spending, and economic growth. Z Mumtaz's research, Zachary A. Smith (2020) reveals a positive relationship between mobile technology and the Internet on the demand for money. Romer's (1997) theory reveals that technology is an acceleration of economic growth that can increase a skilled workforce. This study uses secondary time series data from 2004-2019 quarterly using two stage least squares and processed using the eviews 10 application. This study aims to determine the effect of technology simultaneously on economic growth. because this study uses a simultaneous equation model after going through the Order Condition model identification test, all equations consisting of 4 (four) equations are identified as Over Identified. significant to technology. Labor and Economic Growth have a positive and insignificant effect on technology. Both Emoney are negatively and insignificantly related to inflation, labor is negatively and insignificantly related to inflation, interest rates are positively and significantly related to inflation, exchange rates are positively and insignificantly related to inflation and the money supply is positively and not significant to inflation. Third, EMoney, Exchange Rate and Economic Growth have a positive and significant effect on the money supply, interest rates have a positive and insignificant effect on the money supply, inflation has a negative and insignificant effect on the money supply. Fourth, Emoney has a negative and significant effect on economic growth, interest rates have a negative and insignificant effect on economic growth, exchange rates have a negative and significant effect on economic growth, and technology has a positive and significant effect on economic growth.