Research Paper
Year: 2021 | Month: February | Volume: 8 | Issue: 2 | Pages: 439-445
DOI: https://doi.org/10.52403/ijrr.20210256
Analysis of the Effect of Exchange Rates, Economic Growth and Minimum Wages on Unemployment with Inflation as a Moderating Variable in Indonesia
A. Mahendra1, Tohap Parulian2
1Faculty of Economics at Universitas Katolik Santo Thomas, Indonesia
2Faculty of Economics and Business at Universitas Medan Area, Indonesia
Corresponding Author: Tohap Parulian
ABSTRACT
This research is intended to know the influence of exchange rate, economic growth, and minimum wage with inflation as moderating variables in Indonesia. This research population is Indonesia, and 20 of them were selected to be the samples for this research through the purposive sampling technique. Estimates conducted by the multiple regression analysis. The data used in this study were secondary data, consisting of Exchange Rate, Economic Growth, and Minimum Wage to unemployment for the year 2000-2019. This research shows that Based on the partial test (t-test), the Minimum Wage has no significant effect. In contrast, the Exchange Rate and Economic Growth variables have a significant effect on the Inflation variables in Indonesia; the simultaneous test (F test), exchange rate, economic growth, and minimum wage have a significant effect on unemployment variables. Inflation cannot moderate the relationship between exchange rate, economic growth, and minimum wage on unemployment.
Keywords: Exchange Rate, Economic Growth, Minimum Wage, Inflation and Unemployment.
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