Pendekatan Koreksi Kesalahan Dalam Persamaan Simultan Studi Kasus: Pendapatan Dan Penawaran Uang Di Indonesia

• Main Author: Perpustakaan UGM, i-lib
• Format: Article NonPeerReviewed
• Published: [Yogyakarta] : Universitas Gadjah Mada 2001
• Subjects: Jurnal i-lib UGM
• Online Access: https://repository.ugm.ac.id/25899/; http://i-lib.ugm.ac.id/jurnal/download.php?dataId=8906
• Institution: Universitas Gadjah Mada

ABSTRACT This paper attempts to introduce and apply the error correction method to estimate the simultanous-equation models and compares its results with the similar method in the case of single equation model. The empirical results show that the estimations in the case of simultanousequation models have the similar conclusions with the case of single equation models since the filled values of dependent variables in the reduced-form estimations are relatively close to its actual values. On the other hand, they will be quite diffrence if the fitted values of dependent variables in the reduced-form estimations quite differ from its actual values The results show that short-run changes in money supply (Al,) and investment (I) have significant and positive effects on income (Y) while government expenditure (G) is insignificant and that about 0.9151% of the discrepancy between the actual and the long-run, or equilibrium, value of Y is corrected each year by the single equation assumption and 0,8706% by the simultanous-equation assumption. The results also show that short-run changes in income (Y) have significant and positive effects while interest rate (R) is insignificant on money supply (M) and that about 0,2327% of the discrepancy between the actual and the long-run, or equilibrium. value of Al is corrected each year by the single equation assumption and 0,2346% by the simuhanous-equation assumption. Keywords: ordinary least square, two stages least square, error correction method