Dampak Liberalisasi Perdagangan terhadap Nilai Tukar, Inflasi dan Pertumbuhan Ekonomi di Indonesia

This paper analyzes the impact of trade liberalization in Indonesia with the aim of this paper was to discover (1) the effect of trade liberalization on the exchange rate, inflation rate and economic growth ; (2) the effect of the terms of trade on the exchange rate, inflation rate and economic growth as well; \ud This paper used secondary data since 1986 up to 2007 and using the two-stage least squares model (2SLS model) , which the analyses indicate that (1) trade liberalization has a positive significant effect on the exchange rate, inflation rate and economic growth while the effect is negative significant on the exchange rate, inflation rate and economic growth directly; and trade liberalization has a positive significant effect on the exchange rate, inflation rate and economic growth in Indonesia indirectly; (2) there are positive significant effect of exchange rate, inflation rate on the economic growth, while negative significant effect of the trade tax revenue on the social welfare directly; (3) the terms of trade has a positive significant effect on the total tax revenue directly and positive significant on the social welfare indirectly, while it has a negative effect on the trade tax revenue as well as on the social welfare indirectly, eventhough these effect were not significant