Measuring Economic Growth Through National Income Elasticity

Sundari, Made Siti and Ariani, Mintarti (2020) Measuring Economic Growth Through National Income Elasticity. In: Proceedings of the 17 th International Symposium on Management (INSYMA 2020). Atlantis Press, pp. 187-190. ISBN 978-94-6252-892-5

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Official URL / DOI: https://doi.org/10.2991/aebmr.k.200127.038

Abstract

In the Industrial Revolution Era 4.0 all countries must face increasingly fierce competition from the flow of goods/services, labor, and capital. Exports and investments are the keys to national economic growth. All of this will affect the amount of national income, which will determines the size of economic growth. The amount of national income can be influenced by several factors, including exports and investments made. Through the concept of elasticity, people can clearly see the magnitude of the influence of the variable Foreign Investment (FDI) and Export (X) on National Income, in this case, GDP. The results of the calculation with the concept of elasticity show that when the Export and FDI variables increase, the GDP variable rises but not as much as the increase in Exports and FDI. The GDP response is a small or low response (inelastic). However, when the export and FDI variables go down, the GDP variable actually rises higher than changes in exports and FDI.

Item Type: Book Section
Uncontrolled Keywords: Elasticity, Export (X), Foreign Investment (FDI), National Income (GNP) and Economic Growth
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Business and Economic > Department of Economic
Depositing User: Ester Sri W. 196039
Date Deposited: 10 Jul 2020 11:40
Last Modified: 04 Aug 2020 06:45
URI: http://repository.ubaya.ac.id/id/eprint/37889

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