The Influence of Oil and Gas Exports and Non-Oil and Gas Exports on Indonesia’s Economic Growth with the Exchange Rate of the Rupiah as a Moderating Variable

Abstract

Economic growth is an important topic to study. This is because economic growth is a reflection of the welfare of the people of a country. Exports are a sector with the potential to contribute to economic growth. Additionally, the exchange rate can influence the relationship between exports and economic growth. The purpose of this research is to understand how the export of oil and gas and non-oil and gas exports affect economic growth. And to determine whether the exchange rate can moderate the relationship between oil and gas exports and non-oil and gas exports on economic growth. The analysis in this research is a moderated regression analysis using data from 2014 to 2023. The results show that oil and gas exports have a significant negative effect on Indonesia’s economic growth. Non-oil and gas exports have a significant positive effect on Indonesia’s economic growth. The exchange rate of the rupiah have a significant positive effect on Indonesia’s economic growth. The exchange rate of the rupiah can moderate by weakening the relationship between oil and gas exports and Indonesia’s economic growth. The exchange rate of the rupiah can moderate by strengthening the relationship between non-oil and gas exports and Indonesia’s economic growth.