LONG-TERM ANALYSIS OF IMPORTATION OPENING IN THE BALI ECONOMY

I Nyoman Gede Marta, Ngurah Wisnu Murthi

Abstract: Based on a long-term analysis, the study aims to find out: trends in the degree of openness of Balinese imports and their influence on the rate of growth of the Bali economy, the nature of import elasticities between provinces and abroad. Bali as a research area and was chosen because it has economic growth above the national level (5-6%) and is above the national level, the center of the tourism industry, high population growth (above 2% per year), and people's income measured by GRDP always increases. The developing economy of the people has encouraged their ability to import various types of commodities to meet consumption needs. This reality inspired researchers to focus on researching the import issues of the Province of Bali.

The analytical tool used is linear trend, multiple log linear regression models, and long-term income elasticity. Based on the results of this study it is expected to be able to reveal, that in the long run the trend of import openness in the Bali economy is believed to increase in the future, then the GRDP has a positive effect on imports between provinces and abroad, and finally the income elasticity of imports between provinces is thought to be inelastic in nature. long-term. This inelastic nature indicates that the import of commodities between the Balinese provinces abroad is still limited to the main commodities used to meet consumption that is not produced in the local area.

With findings like the above, the public is advised to; the government, the consumer community, producers, to make an effort to increase production and at the same time productivity of imported commodities, which can already be produced in Bali. For consumers of imported goods, they want to reduce the consumption of imported goods and make maximum use of local products in all consumption activities

Keywords: Economic Openness, Imported Products.

Title: LONG-TERM ANALYSIS OF IMPORTATION OPENING IN THE BALI ECONOMY

Author: I Nyoman Gede Marta, Ngurah Wisnu Murthi

International Journal of Management and Commerce Innovations 

ISSN 2348-7585 (Online)

Research Publish Journals

Vol. 7, Issue 4, October 2019 – December 2019

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LONG-TERM ANALYSIS OF IMPORTATION OPENING IN THE BALI ECONOMY by I Nyoman Gede Marta, Ngurah Wisnu Murthi