An Analysis Of Effects Race Discriminations In America Reflected On Harper Lee’s Novel To Kill A Mockingbird
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Economic conditions in one country can be changed in every time. The economic crisis has changed the economic conditions of Indonesia. Before the 1997 financial crisis, the economy has increased economic growth every year, because we are entering foreign debt in sufficient quantities. But after the financial crisis that occurred Indonesia's foreign debt increased to U.S. $ 25,125 paada in 1998. This condition makes Indonesia fall into the trap of debt and debt interest is very high. In the short run, foreign debt is helping the Indonesian government in an effort to close the budget deficit and state budget revenues, due to routine financing and development expenditures are quite large. Thus, the rate of economic growth can be stimulated in accordance with its predetermined yag. But in the long run, it turns out that foreign debt can cause a variety of economic problems in Indonesia. In times of crisis, Indonesia's foreign debt including government and private debt has increased dramatically in a matter of dollars. Causing the Indonesian government to increase foreign debt just to pay the old foreign debt who was due. Accumulation of foreign debt and the interest will be paid melauli RI State Budget for the government debt by installments in each fiscal year. This causes reduction in the prosperity and welfare of the people in the future, so obviously it will burden the people, taxpayers, especially Indonesia. Estimation results show that economic growth before and after the crisis had R-squared of 0.79485, or 0.79, meaning that the independent variables (external debt) can explain the bound variable (economic growth) of 0.79%, while the other 21% is explained by other variables that is not in the model. T-statistics for foreign debt is bigger than the t-table (4.95> 2.89), meaning that the foreign debt variable has an obvious and significant impact on economic growth at α = 1%. T-statistics for the dummy variable is greater than t-table (5100> 2.89), which means the economic crisis variable (dummy) has a significant influence and economic growth at α = 1%. Based on the Granger Causality analysis, both variables have a relationship with one another (reciprocal). While anailsis Kointegration based test, which the two variables of foreign debt and economic growth has a stationary relationship to the second distinction I (2), means there is a long-term relationship between foreign debt and economic growth.
- SP - English Literature