The influence of financial development on total fertility rate in Indonesia
This study investigated the impact of financial development on the total fertility rate in Indonesia, hypothesizing that financial development significantly influences fertility rates. The objective was to ascertain the effects of financial development on Indonesia's total fertility rate, util...
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| Format: | Article |
| Language: | English |
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Master Program in Economics, Graduate Program of Universitas Jambi
2024-02-01
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| Series: | Jurnal Perspektif Pembiayaan dan Pembangunan Daerah |
| Subjects: | |
| Online Access: | https://online-journal.unja.ac.id/JES/article/view/28113 |
| _version_ | 1827339023167782912 |
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| author | Rosa Afriska Ris Yuwono Yudo Nugroho |
| author_facet | Rosa Afriska Ris Yuwono Yudo Nugroho |
| author_sort | Rosa Afriska |
| collection | DOAJ |
| description |
This study investigated the impact of financial development on the total fertility rate in Indonesia, hypothesizing that financial development significantly influences fertility rates. The objective was to ascertain the effects of financial development on Indonesia's total fertility rate, utilizing annual time series data from 1980 to 2021 obtained from the official websites of Bank Indonesia, the Central Bureau of Statistics, and the World Bank. The analysis employed the Autoregressive Distributed Lag (ARDL) method to examine the influence of the money supply in circulation (M2), Gross Domestic Product, and household consumption on the total fertility rate, with these variables serving as proxies for financial development. The study utilized a comprehensive data analysis approach, including stationary tests, cointegration bound tests, ARDL Model analysis for long-term and short-term effects, and classical assumption tests. The findings revealed that the money supply (M2) has a negative and significant impact on the total fertility rate, the Gross Domestic Product also negatively and significantly affects the total fertility rate, while household consumption positively and significantly influences the total fertility rate. These results underscore the multifaceted relationship between financial development and fertility trends in Indonesia.
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| first_indexed | 2024-03-07T19:45:03Z |
| format | Article |
| id | doaj.art-0629570b8a874f5ea693aa6c23cfe84f |
| institution | Directory Open Access Journal |
| issn | 2338-4603 2355-8520 |
| language | English |
| last_indexed | 2024-03-07T19:45:03Z |
| publishDate | 2024-02-01 |
| publisher | Master Program in Economics, Graduate Program of Universitas Jambi |
| record_format | Article |
| series | Jurnal Perspektif Pembiayaan dan Pembangunan Daerah |
| spelling | doaj.art-0629570b8a874f5ea693aa6c23cfe84f2024-02-29T01:19:25ZengMaster Program in Economics, Graduate Program of Universitas JambiJurnal Perspektif Pembiayaan dan Pembangunan Daerah2338-46032355-85202024-02-0111610.22437/ppd.v11i6.28113The influence of financial development on total fertility rate in IndonesiaRosa Afriska0Ris Yuwono Yudo Nugroho1Department of Development Economics, Faculty of Economics and Business, Universitas Trunojoyo, IndonesiaDepartment of Development Economics, Faculty of Economics and Business, Universitas Trunojoyo, Indonesia This study investigated the impact of financial development on the total fertility rate in Indonesia, hypothesizing that financial development significantly influences fertility rates. The objective was to ascertain the effects of financial development on Indonesia's total fertility rate, utilizing annual time series data from 1980 to 2021 obtained from the official websites of Bank Indonesia, the Central Bureau of Statistics, and the World Bank. The analysis employed the Autoregressive Distributed Lag (ARDL) method to examine the influence of the money supply in circulation (M2), Gross Domestic Product, and household consumption on the total fertility rate, with these variables serving as proxies for financial development. The study utilized a comprehensive data analysis approach, including stationary tests, cointegration bound tests, ARDL Model analysis for long-term and short-term effects, and classical assumption tests. The findings revealed that the money supply (M2) has a negative and significant impact on the total fertility rate, the Gross Domestic Product also negatively and significantly affects the total fertility rate, while household consumption positively and significantly influences the total fertility rate. These results underscore the multifaceted relationship between financial development and fertility trends in Indonesia. https://online-journal.unja.ac.id/JES/article/view/28113ARDL methodFinancial developmentTotal fertility rate |
| spellingShingle | Rosa Afriska Ris Yuwono Yudo Nugroho The influence of financial development on total fertility rate in Indonesia Jurnal Perspektif Pembiayaan dan Pembangunan Daerah ARDL method Financial development Total fertility rate |
| title | The influence of financial development on total fertility rate in Indonesia |
| title_full | The influence of financial development on total fertility rate in Indonesia |
| title_fullStr | The influence of financial development on total fertility rate in Indonesia |
| title_full_unstemmed | The influence of financial development on total fertility rate in Indonesia |
| title_short | The influence of financial development on total fertility rate in Indonesia |
| title_sort | influence of financial development on total fertility rate in indonesia |
| topic | ARDL method Financial development Total fertility rate |
| url | https://online-journal.unja.ac.id/JES/article/view/28113 |
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