The relationship between macroeconomic variables and small-and-medium-enterprises in Indonesia
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...
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| Format: | Article |
| Language: | English |
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Universitas Islam Indonesia
2017-03-01
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| Series: | Economic Journal of Emerging Markets |
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| Online Access: | https://103.220.113.119/JEP/article/view/7126 |
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| _version_ | 1850272780867600384 |
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| author | Malik Cahyadin |
| author_facet | Malik Cahyadin |
| author_sort | Malik Cahyadin |
| collection | DOAJ |
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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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| format | Article |
| id | doaj-art-bdbef19f467e4b9e9dae669918eadfd5 |
| institution | OA Journals |
| issn | 2086-3128 2502-180X |
| language | English |
| publishDate | 2017-03-01 |
| publisher | Universitas Islam Indonesia |
| record_format | Article |
| series | Economic Journal of Emerging Markets |
| spelling | doaj-art-bdbef19f467e4b9e9dae669918eadfd52025-08-20T01:51:41ZengUniversitas Islam IndonesiaEconomic Journal of Emerging Markets2086-31282502-180X2017-03-0191The relationship between macroeconomic variables and small-and-medium-enterprises in IndonesiaMalik Cahyadin0Faculty of Economics and Business, Universitas Sebelas Maret, Surakarta, Indonesia 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. https://103.220.113.119/JEP/article/view/7126SMEsMacroeconomic VariablesGranger CausalityVECM |
| spellingShingle | Malik Cahyadin The relationship between macroeconomic variables and small-and-medium-enterprises in Indonesia Economic Journal of Emerging Markets SMEs Macroeconomic Variables Granger Causality VECM |
| title | The relationship between macroeconomic variables and small-and-medium-enterprises in Indonesia |
| title_full | The relationship between macroeconomic variables and small-and-medium-enterprises in Indonesia |
| title_fullStr | The relationship between macroeconomic variables and small-and-medium-enterprises in Indonesia |
| title_full_unstemmed | The relationship between macroeconomic variables and small-and-medium-enterprises in Indonesia |
| title_short | The relationship between macroeconomic variables and small-and-medium-enterprises in Indonesia |
| title_sort | relationship between macroeconomic variables and small and medium enterprises in indonesia |
| topic | SMEs Macroeconomic Variables Granger Causality VECM |
| url | https://103.220.113.119/JEP/article/view/7126 |
| work_keys_str_mv | AT malikcahyadin therelationshipbetweenmacroeconomicvariablesandsmallandmediumenterprisesinindonesia AT malikcahyadin relationshipbetweenmacroeconomicvariablesandsmallandmediumenterprisesinindonesia |