The Impact of Inflation and Government Expenditure on Economic Growth Moderated by Gross Domestic Product
DOI:
https://doi.org/10.59431/ijer.v6i2.779Keywords:
Economic Growth, Inflation, Government Expenditure, Gross Domestic ProductAbstract
This study examines the effect of inflation and government expenditure on economic growth, with gross domestic product (GDP) as a moderating variable. Economic growth reflects the overall performance of a country’s economy and is influenced by macroeconomic conditions and fiscal policy. Inflation represents price stability, while government expenditure reflects policy efforts to stimulate economic activity and support development. A quantitative approach is applied using correlation and regression techniques through path analysis, supported by EViews 12 software. Secondary data in the form of annual observations were obtained from the Central Statistics Agency (BPS) for the period 2018–2025. The analysis focuses on identifying both direct effects and the moderating role of GDP in the relationship between variables. The results show that government expenditure has a positive and significant effect on economic growth, indicating its important role in encouraging economic performance. Inflation does not show a significant effect, suggesting relatively stable price conditions during the observed period. GDP strengthens the relationship between government expenditure and economic growth, while no moderating effect is found in the relationship between inflation and economic growth.
Downloads
References
Andriani, V., Muljaningsih, S., & Asmara, K. (2021). Analisis pengaruh penanaman modal asing, ekspor, utang luar negeri, dan tingkat inflasi terhadap produk domestik bruto Indonesia. Equilibrium: Jurnal Ilmiah Ekonomi, Manajemen dan Akuntansi, 10(2), 95–104. https://doi.org/10.35906/je001.v10i2.777
Anitasari, M., & Soleh, A. (2015). Pengaruh pengeluaran pemerintah terhadap pertumbuhan ekonomi di Provinsi Bengkulu. Ekombis Review: Jurnal Ilmiah Ekonomi dan Bisnis, 3(2), 117–127. https://doi.org/10.37676/ekombis.v3i2.139
Ascari, G., & Sbordone, A. M. (2014). The macroeconomics of trend inflation. Journal of Economic Literature, 52(3), 679–739. https://doi.org/10.1257/jel.52.3.679
Baihaqi, R., & Rahmi, D. (2024). Pengaruh indeks pembangunan TIK, inflasi, dan suku bunga terhadap PDB Indonesia. Jurnal Riset Ilmu Ekonomi dan Bisnis (JRIEB), 4(2), 135–142. https://doi.org/10.29313/jrieb.v4i2.5031
Daryono, & Busneti, I. (2024). Pengaruh inflasi dan kurs terhadap produk domestik bruto nasional periode 2009–2023. Ar-Rihlah: Jurnal Keuangan dan Perbankan Syariah, 4(2), 107–116. https://doi.org/10.35194/arps.v4i2.4958
Hastin, M. (2022). Pengaruh inflasi, investasi, dan tenaga kerja terhadap pertumbuhan ekonomi di Provinsi Jambi. E-Journal Al-Dzahab, 3(1), 61–78. https://doi.org/10.32939/dhb.v3i1.1122
Izza, M. A. S., Wachdah, F. L., & Yasin, M. (2023). Analisis pertumbuhan ekonomi di Provinsi Jawa Timur tahun 2022. Trending: Jurnal Manajemen dan Ekonomi, 1(3), 42–50. https://doi.org/10.30640/trending.v1i3.1122
Laily, N., & Kurniawan, R. Y. (2016). Analisis pengaruh perkembangan usaha kecil menengah (UKM) terhadap pertumbuhan produk domestik regional bruto (PDRB). Jurnal Pendidikan Ekonomi (JUPE), 4(3), 1–8. https://doi.org/10.26740/jupe.v4n3
Mahzalena, Y., & Juliansyah, H. (2019). Pengaruh inflasi, pengeluaran pemerintah, dan ekspor terhadap pertumbuhan ekonomi di Indonesia. Jurnal Ekonomi Regional Unimal, 2(1), 37–45. https://doi.org/10.29103/jeru.v2i1.1742
Mustika, E. I., & Arifin, A. L. (2021). The influence of trust and information quality on online purchase decision in the Shopee application. International Journal of Social Science, 1(2), 37–42. https://doi.org/10.53625/ijss.v1i2.134
Noviansyah, H., Rosyadi, & Yacoub, Y. (2019). Kemampuan konsumsi rumah tangga, investasi, dan pengeluaran pemerintah dalam menjelaskan indeks pembangunan manusia di Kalimantan Barat. Jurnal Ekonomi Daerah (JEDA), 7(1), 1–25. https://jurnal.untan.ac.id/index.php/JEDA2/article/view/28580
Nur, M., & Naldi, N. (2016). Pengaruh pengeluaran pemerintah dan jumlah uang beredar terhadap pertumbuhan ekonomi Indonesia. Jurnal Ekonomi KIAT, 27(1), 8–12. https://doi.org/10.25299/kiat.2016.vol26(1).3018
Nuriyah, S., Damayanti, S. A., Chasanah, U., Ningtyas, H. R., & Mubayinah, S. (2024). Dampak inflasi terhadap pertumbuhan ekonomi di Indonesia. Indonesian Journal of Economics, Management, and Accounting, 1(4), 240–246.
Rambe, R. A., & Febriani, R. E. (2020). Peran belanja pemerintah dan pajak terhadap pertumbuhan ekonomi kabupaten dan kota di Sumatera. PARETO: Jurnal Ekonomi dan Kebijakan Publik, 3(1), 57–76. https://doi.org/10.32663/pareto.v3i1.1362
Saefulloh, M. H. M., Fahlevi, M. R., & Centauri, S. A. (2023). Pengaruh inflasi terhadap pertumbuhan ekonomi: Perspektif Indonesia. Jurnal Keuangan Negara dan Kebijakan Publik, 3(1), 17–26. https://doi.org/10.31092/jaa.v3i1.2045
Sihotang, J., & Gulo, Y. O. (2020). Analisis pengaruh produk domestik bruto, tingkat inflasi, dan nilai tukar rupiah terhadap impor Indonesia. Visi Ilmu Sosial dan Humaniora, 1(1), 31–43. https://doi.org/10.51622/vsh.v1i1.31
Simanungkalit, E. F. B. (2020). Pengaruh inflasi terhadap pertumbuhan ekonomi di Indonesia. Journal of Management (SME’s), 13(3), 327–340.
Simarmata, Y. W., & Iskandar, D. D. (2022). Pengaruh pengeluaran pemerintah, investasi, jumlah penduduk, dan kemiskinan terhadap pertumbuhan ekonomi dan indeks pembangunan manusia. Jurnal Dinamika Ekonomi Pembangunan, 5(1), 78–94. https://doi.org/10.14710/jdep.5.1.78-94
Wahab, A. (2022). Pengaruh pertumbuhan penduduk, upah, dan inflasi terhadap pertumbuhan ekonomi dan tingkat pengangguran terbuka di Sulawesi Selatan. Jurnal Ekonomi Pembangunan STIE Muhammadiyah Palopo, 8(2), 168–180. https://doi.org/10.35906/jep.v8i2.1149
Downloads
Published
Issue
Section
License
Copyright (c) 2026 Ramadhani Kirana Putra, Afni Yeni, Rifqah Harahap, Ramadhani Hamzah, Musran Munizu
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
