PENERAPAN MODEL KORMENDI DALAM MENERANGKAN KONSUMSI MASYARAKAT DI INDONESIA

Abstract

This research aim to know the influence from Gross Domestic Product (Y), Governmental Expenditure (GS), Tax (Tx), Governmental Subsidy (Tr) and Governmental Debt (GB) to Society Consumption (C). This research used model from Kormendi and analysis used Error Correction Model the (ECM).
The result of this research indicate that the Gross Domestic Product, the Governmental Expenditure , the Tax , the Governmental Subsidy and the Governmental Debt have positive coefficient regression either in the short run and long run. It means that if Gross Domestic Product, Governmental Expenditure, Tax, Governmental, Subsidy and Governmental Debt are create of the Society Consumption (C) increase too.
The sign of coefficient sign the Gross Domestic Product ( Y), the Governmental Expenditure (GS), the Tax (Tx), the Governmental Subsidy (Tr) and the Governmental Debt (GB) are positive. Pursuant to that finding can be expressed that researching is general support of Ricardian Equivalent perspective according to empirical finding by Kormendi (1983) completed by Kormendi and Meguire (1990).