• ISSN: 2010-023X (Print)
    • Abbreviated Title: Int. J. Trade, Economics and Financ.
    • Frequency: Quaterly
    • DOI: 10.18178/IJTEF
    • Editor-in-Chief: Prof.Tung-Zong (Donald) Chang
    • Managing Editor: Ms. Inez. Chan

    • Abstracting/ Indexing:  Crossref, CNKI, EBSCO

    • Article Processing Charge (APC): 500 USD

    • E-mail: ijtef.editorial.office@gmail.com

HOME > Archive > 2011 > Volume 2 Number 4 (Aug. 2011) >
IJTEF 2011 Vol.2(4): 312-317 ISSN: 2010-023X
DOI: 10.7763/IJTEF.2011.V2.123

Banking Development, Agriculture and Manufacturing Industry Sector in Economic Growth in Indonesia: Do They Influence?

Henny Medyawati, Muhammad Yunanto, and Gunadarma University

Abstract—Whether financial structure influences economic growth is still considered a crucial policy issue. The aims of this research are to analyze the influence of banking development indicators, agriculture sector and manufacturing industry sector on economic growth in Indonesia and to examine the relationships between banking development and economic growth. VAR, a time-series econometric model used in this study, estimating three banking indicators that are assets, credits and third party fund, economic growth average per capita at constant price 2000 and two variables of economic growth in agriculture and manufacturing industry. Two dummy variabels are also implemented in VAR model, they are monetary crisis and implementation of Arsitektur Perbankan Indonesia (API) or Indonesia Banking Architecture. Based on the two-stage data processing, the research reveals empirical evidence that banking development, agriculture sector and manufacturing industry sector affects the economic growth although the percentage of the contribution are relatively small.

Index Terms—banking, agriculture sector, industrial sector.

H. M. Lecturer at Faculty of Computer Science and Information Technology, and Faculty of Economics, Gunadarma University, Depok, Indonesia., member of IEDRC (e-mail: hennymedya@ yahoo.co.id).
M. Y. Lecturer at Faculty of Economics, Gunadarma University, Depok, Indonesia, member of IEDRC (e-mail: m_yunan@yahoo.com).

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Cite:Henny Medyawati, Muhammad Yunanto, and Gunadarma University, "Banking Development, Agriculture and Manufacturing Industry Sector in Economic Growth in Indonesia: Do They Influence?," International Journal of Trade, Economics and Finance vol.2, no.4, pp. 312-317, 2011.

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