Determine the demand for MSME credit in Indonesia which is influenced by interest rates, per capita income and inflation.
Pengaruh Suku Bunga, Pendapatan Perkapita, Inflasi dan Permintaan Kredit UMKM Di Indonesia
Abstract
The research objective is to determine the demand for MSME credit in Indonesia which is influenced by interest rates, per capita income and inflation. The data used is secondary data sourced from the website of the Central Bureau of Statistics and Bank Indonesia. The data analysis technique uses multiple linear regression equations. The research results obtained a constant of -53.544, namely interest rates, per capita income and inflation are considered constant, so it can be predicted that MSME credit is 53.544. The per capita income variable has a positive effect on MSME credit demand. Meanwhile, interest rates and inflation have a negative impact on the demand for MSME loans in Indonesia. The test results for the coefficient of determination (R2) of 0.953 or 95.3% for the interest rate, per capita income and inflation variables can explain the demand for MSME credit in Indonesia, while the remaining 4.7% is influenced by other variables not examined. The partial results of the t test per capita income have a significant effect on the demand for MSME credit in Indonesia while interest rates and inflation are not significant on the demand for MSME credit in Indonesia. The results of the F test simultaneously interest rates, per capita income and inflation have a significant effect on the demand for MSME loans in Indonesia.
Keywords: Interest Rates, Per Capita Income, Inflation and MSME Credit Demand
Copyright (c) 2024 Mukarramah Mukarramah, Muhammad Zulkarnain, Cindy Yolanda, T.M. Iqbal Chaira; Chintya Winda Natalia Butar-butar
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