Covid 19 Impact To Regional Economic Growth And International Trade In Indonesia

Eddy Junaidi, Miftakhul Jannah, Khusnudin Tri Subhi, Muhammad Rizki Yudistira


Covid-19 is a global health problem, including in Indonesia. In Southeast Asia, Indonesia is ranked first in the number of positive cases of Corona since June 17, 2020. Covid-19 cases in Indonesia are increasing every day and on November 9, 2020, the total number of Covid-19 cases in Indonesia is 440,569. The increase in the number of Covid-19 cases had an impact on the economic side where Indonesia's economic growth rate decreased and in the third quarter it was -3.49 percent. In addition, the export and import sectors also experienced decline. This research aims to analyze the impact of Covid-19, exports, imports and investment on Indonesia's economic growth and the impact of Covid-19 and investment on exports and imports in Indonesia. This study uses panel regression analysis with periods of data from the first quarter to the third quarter of 2020. The results show that the Covid-19 case has negative and significant effect on economic growth, while exports, imports and domestic investment do not have significant effect on economic growth. On exports and imports, Covid-19 has negative and significant effect on exports and imports while domestic investment has positive and significant impact on exports and imports in Indonesia.

Keywords: Covid-19, growth rate, panel regression, time series 

Full Text:



Alikhanli, Y. (2020). Some Scenarios on the impacts of the COVID-19 pandemic to automobile import demand function in Azerbaijan. Journal of Physics: Conference Series, 1564(1), 12-26.

Baltagi, B. H. (2005). Econometric Analysis of Panel Data 3rd Edition. John & Sons.

Damuri, Y. R., & Hirawan, F. B. (2020). Mengukur Dampak COVID-19 pada Pertumbuhan Ekonomi dan Perdagangan Indonesia 2020. CSIS Commentaries DMRU-015.

Firdaus, R.G. (2020). Pengaruh Risiko, Return, dan Perekonomian Indonesia Terhadap Keputusan Berinvestasi Saat Covid-19. Jurnal Pasar Modal dan Bisnis, 2(2), 115-128.

Greene, W. H. (2012). Econometric Analysis 7th Edition. Boston: Prentice Hall.

Gujarati, D. N. & Porter, D. C. (2008). Basic Econometrics 5th Edition. Douglas Reiner.

Mehta, K. & Jha, S. S. (2020). COVID-19: A nightmare for the Indian Economy. UGC Care Journal, 31(20).

Nasution, D. A. D., Erlina, E., & Muda, I. (2020). Dampak pandemi Covid-19 terhadap perekonomian Indonesia. Jurnal Benefita: Ekonomi Pembangunan, Manajemen Bisnis & Akuntansi, 5(2), 212-224.

Susilawati, S., Falefi, R., & Purwoko, A. (2020). Impact of COVID-19’s Pandemic on the Economy of Indonesia. Budapest International Research and Critics Institute (BIRCI-Journal): Humanities and Social Sciences, 3(2), 1147-1156.

Wuryandani, D. (2020). Dampak Pandemi Covid-19 Terhadap Pertumbuhan Ekonomi Indonesia 2020 dan Solusinya. Info Singkat, XII(15), 19-24.



  • There are currently no refbacks.

Copyright (c) 2021 Journal of Applied Economics in Developing Countries

Journal of Applied Economics in Developing Countries
Master of Economics and Development Studies, Faculty of Economics and Business
Universitas Sebelas Maret
Jl. Ir Sutami 36 A Surakarta, 57126 Indonesia
Telp: +62271-647481