Jurnal Ekonomi Kuantitatif Terapan is a journal that is focused as an empirical means of publication of scientific papers with emphasis contents of the article on the use of quantitative analysis tools (econometrics, parametric and non-parametric statistics, descriptive statistics, input-output, CGE, etc.) in studies of economic and social.
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Poverty Alleviation Model in Tasikmalaya City: An Analytic Network Process Approach
Poverty alleviation requires a sustainable multidimensional strategy encompassing empowerment, welfare, and investment. This study applies the Analytic Network Process (ANP) to evaluate poverty reduction strategies in Tasikmalaya City, Indonesia. Data were collected through pairwise comparisons from experts and analyzed using the SuperDecisions software. The results indicate that Entrepreneurship Empowerment is the top priority (34.7%), followed by Social Security (29.0%), Regional Investment (24.8%), and Provision of Basic Needs (11.5%). Sensitivity analysis confirms the consistency of results, where empowerment remains dominant under various parameter scenarios. The novelty of this study lies in integrating empowerment and welfare strategies with contextual sub-criteria in a city-level ANP model. These findings support Sustainable Development Goal (SDG 1) and emphasize empowerment as the foundation for sustainable poverty alleviation in Indonesia. Keywords: poverty alleviation, analytic network process, empowerment, social protection, Indonesia, SDGs JEL Classification: I32, O21, R58
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Analysis of The Relationship between Child Marriage and Women's Employment Sector
ABSTRAK Pernikahan anak masih menjadi suatu masalah yang dihadapi di Indonesia. Hal ini turut berkontribusi padanya lambatnya peningkatan Tingkat Partisipasi Angkatan Kerja (TPAK) perempuan. Pernikahan anak berimplikasi pada tingkat pendidikan yang rendah sehingga banyak perempuan yang mengalami putus sekolah. Padahal, dibutuhkan modal manusia yang berkualitas dan berdaya saing untuk bisa berpartisipasi pada sektor pekerjaan formal yang menyediakan upah, jaminan, dan perlindungan sosial bagi pekerjanya. Penelitian ini melengkapi penelitian sebelumnya dengan menggunakan data Survei Sosial Ekonomi Nasional (SUSENAS) 2023 dan mengakomodir aturan terbaru usia minimal pernikahan pada UU No. 16 Tahun 2019 menggunakan Linear Probability Model (LPM) serta menguji kestabilan arah koefisien pernikahan anak melalui oster test. Temuan menunjukkan bahwa pada jangka pendek, pernikahan tidak berpengaruh terhadap peluang perempuan bekerja di sektor formal (mengacu pada konsep sektor formal BPS). Salah satu alasan yang mungkin mendasari perbedaan ini adalah periode observasi yang pendek dan keterbatasan metodologi. Sehingga penelitian di masa mendatang perlu mempertimbangkan batasan dari studi ini. Kata kunci: pernikahan anak, sektor formal, linear probability model, oster test Klasifikasi JEL: J12, J13, J16, J21, J24 ABSTRACT Child marriage is still a problem faced in Indonesia. This also contributed to the slow increase in the Female Labor Force Participation Rate (LFP). Child marriage has implications for low levels of education, so many women drop out of school. In fact, quality and competitive human capital is needed to be able to participate in the formal work sector that provides wages, guarantees, and social protection for its workers. This study complements previous research using data from the 2023 National Socio-Economic Survey (SUSENAS) and accommodates the latest rules on the minimum age of marriage in Law No. 16 of 2019 using the Linear Probability Model (LPM) and testing the stability of the direction of the child marriage coefficient through the oster test. The findings show that in the short term, marriage has no effect on women's chances of working in the formal sector (referring to the BPS formal sector concept). One of the possible reasons underlying this difference is the short observation period and methodological limitations. So future research needs to consider the limitations of this study. Keywords: child marriage, formal sector, linear probability model, oster test JEL Classification Codes: J12, J13, J16, J21, J24
Internet Utilization and Local Government Procurement for MSEs
This study examines the effect of internet utilization on the proportion of local government procurement transactions allocated to Micro and Small Enterprises (MSEs) through E-Katalog. The dataset covers 504 districts in Indonesia over the period 2020–2023 and is estimated using a Two-Way Fixed Effects (TWFE) model. The results indicate that a one-percentage-point increase in internet utilization is associated with a 0.212-percentage-point rise in the share of local government transactions awarded to MSEs (significant at 0.05%). Heterogeneity analysis reveals a significant effect in Eastern Indonesia (β=0.487; p<0.05) but not in Western Indonesia (β=0.057), suggesting stronger impacts in digitally lagging regions. These findings are consistent with Information Economics and Transaction Cost Theory, highlighting the role of digitalization in reducing information asymmetry and transaction barriers. Overall, this study underscores the importance of expanding internet utilization among MSEs and implementing complementary affirmative policies—such as targeted digital access subsidies and strengthened digital procurement literacy—to promote more inclusive and equitable public procurement for MSEs. Penelitian ini mengkaji pengaruh tingkat utilisasi internet terhadap proporsi transaksi pemerintah daerah kepada Usaha Mikro dan Kecil (UMK) melalui E-Katalog menggunakan data panel pada 504 kabupaten/kota di Indonesia tahun 2020–2023, dengan metode Two-Way Fixed Effect (TWFE). Hasil estimasi menunjukkan bahwa peningkatan 1 poin persentase tingkat utilisasi internet berasosiasi dengan kenaikan 0,212 poin persentase proporsi transaksi pemda kepada UMK (signifikansi 0,05%). Analisis heterogenitas menunjukkan pengaruh signifikan di Indonesia Timur (β=0,487; p<0,05), sementara pengaruhnya tidak signifikan di Indonesia Barat (β=0,057) yang mengindikasikan dampak lebih kuat di wilayah dengan kondisi digital tertinggal. Temuan ini sejalan dengan teori ekonomi informasi dan biaya transaksi, yang menekankan peran digitalisasi dalam menurunkan hambatan informasi dan biaya. Penelitian ini menekankan pentingnya peningkatan utilisasi internet untuk mendorong pengadaan secara daring yang lebih inklusif terhadap UMK, serta perlunya kebijakan afirmatif seperti subsidi biaya berlangganan internet bagi UMK untuk memperluas akses digital dan penguatan literasi sistem digital pengadaan publik (E-Katalog) bagi UMK
Public Expenditure and Human Development Convergence in Eastern Indonesia 2015-2023
Penelitian ini bertujuan untuk menganalisis pengaruh belanja pemerintah di sektor pendidikan, kesehatan, dan perlindungan sosial serta faktor-faktor sosial ekonomi seperti tingkat kemiskinan dan tingkat kemiskinan terbuka terhadap Indeks Pembangunan Manusia (IPM) di Indonesia Timur. Lebih jauh lagi, penelitian ini juga menguji konvergensi pembangunan manusia antarprovinsi untuk melihat apakah gas antarwilayah semakin menyempit seiring berjalannya waktu. Studi ini menggunakan data panel provinsi untuk periode 2015–2023 dengan menggunakan Metode Momen Umum (GMM) untuk mengatasi potensi endogenitas dan bias model dinamis. Hasilnya menunjukkan konvergensi β, di mana provinsi dengan IPM rendah tumbuh lebih cepat daripada provinsi dengan IPM tinggi, meskipun dengan laju yang lebih lambat. Secara parsial belanja pendidikan memiliki dampak positif namun tidak signifikan, belanja kesehatan memiliki dampak negatif yang signifikan, sedangkan belanja perlindungan sosial memiliki dampak positif yang cukup besar. Tingkat kemiskinan dan kemiskinan terbuka mempunyai dampak negatif yang besar terhadap IPM. Temuan ini menekankan pentingnya belanja publik yang efektif dan kebijakan sosial yang tepat sasaran dalam mempercepat konvergensi pembangunan manusia di Indonesia Timur.
The Role Of Job Satisfaction As A Mediating Influence Of Leadership And Organizational Climate On Employee Performance
This study aims to analyze the effect of leadership and organizational Climate on employee performance, with job satisfaction as an intervening variable. The object of this research is PT Restu Sandhika. The sample in this study was determined by the census method using all 87 employees as respondents. The data collection method is a survey method with a questionnaire. The analysis technique used is the inferential analysis technique with Partial Least Square (PLS). The results found that leadership does not directly affect employee performance but has a significant effect on job satisfaction. Meanwhile, organizational Climate has a significant positive effect on employee performance and job satisfaction. In addition, job satisfaction can mediate the relationship between leadership and employee performance but cannot mediate the relationship between organizational Climate and employee performance.
Copyright (c) 2025 Jurnal Ekonomi Kuantitatif Terapan https://creativecommons.org/licenses/by-nc/4.0
The Effect Of Intellectual Capital On Competitive Advantage And Company Performance As A Moderating Variable
The global Covid-19 pandemic is a big challenge for mining companies in 2020. So far, the demand for tin mining products has fallen quite sharply amid world fluctuations that continue to fluctuate. As developing countries struggle to survive and prosper, new standards are being set and companies around the world are increasingly competing for higher records. Mining companies must continuously increase their competitive advantage and efficiency through the best use of their resources, both tangible and intangible. The purpose of this research is to analyze the effect of credit institutions on competitive advantage variables and to regulate financial performance. Quantitative research methods using multiple regression. Usage data is secondary data in the form of financial reports and publication reports for 2020-2021. The result of the research is IC has no effect on the Company's Competitive Advantage. ROA significant negative effect, which means that increasing the company's ROA does not increase the company's advantage, and ROA does not strengthen the moderating influence of IC on Competitive Advantage.
Analysis Of Macroeconomic Conditions On The Performance Of Protected Mutual Funds In Indonesia In Moderated Age And Size Of Mutual Funds For The Period January 2018 – August 2023
This study aims to find evidence whether Macroeconomic Conditions can affect the Performance of Protected Mutual Funds in Indonesia which is Moderated Age and Size of Mutual Funds for the period January 2018 – August 2023. The motivation for this study comes from identifying the relationship between macroeconomic conditions and mutual fund performance simultaneously is very important because it has significant implications in efforts to improve mutual fund performance against macroeconomic conditions. However, there are limitations to empirical studies on the impact of these mutual funds because the data year series is limited to only a few years. Using the Random Effect Model (REM) panel regression method approach, the analysis period from January 2018 to August 2023 panel data on macroeconomics and mutual funds, it was found that macroeconomic variables of the rupiah exchange rate against the US dollar (NT) had a significant influence on the performance of the highest mutual funds measured by the sharpe ratio. Meanwhile, macroeconomic variables that do not have a significant influence on the performance of protected mutual funds are interest rate (SBI) and inflation (INF) variables. The variable age and size of mutual funds have a significant influence on the performance of protected mutual funds. In addition to these independent variables, this study also used moderator / moderating variables. Moderator variables to see the interaction relationship between moderator variables and predictor variables (independent). Moderator variables are variables that can strengthen or weaken the relationship between independent and dependent variables. The moderator variables of this study are age and size of mutual funds
Sustainability Study Of Small And Medium Industries Based On Local Wisdom In Denpasar City
Small and Medium Industries are the foundation of the people's economy which plays a role in channeling the creative and innovative spirit into superior products and local wisdom. This research aims to analyze the sustainability study of local wisdom-based SMEs in Denpasar City. This research uses an associative quantitative approach with primary data from 144 respondents. Using the purposive sampling method and the data analysis technique used in this research is SEM Partial Least Square. The research results show that social capital, entrepreneurial orientation and local wisdom have a positive and significant effect on business performance, while the role of government does not have a significant effect on business performance. The role of government, social capital, entrepreneurial orientation, and business performance have a positive and significant effect on the sustainability of SMEs. Local wisdom moderates the influence of social capital on SME business performance. Meanwhile, social capital and entrepreneurial orientation have an indirect effect on sustainability through business performance, while the role of government has no indirect effect on sustainability through SME business performance.
Effect of Payment Gateway, Financial Literacy, Financial In
This study examines small and medium-sized enterprises (SMEs) in Mataram City's creative economy sector to ascertain the effect of payment gateways and financial literacy on SME performance with financial inclusion as an intervention variable. Research design that is quantitative and descriptive is used in this study. Participants in this study were small and medium-sized enterprises (SMEs) from the creative economy who use payment gateways. The sample included a total of fifty participants. The study's sample strategy, known as snowball sampling, was utilized since it was unknown how many SMEs in the creative economy sector used payment gateways. The data source for the primary information will be SMEs themselves. The results of the study show that financial literacy and payment gateways have a considerable beneficial influence on SME performance. They also demonstrate that financial literacy and payment gateways have a significant positive impact on financial inclusion. However, neither financial inclusion as a standalone variable nor as an intervening factor had any effect on SME success.
Actor Analysis In Sustainable Village-Based Enterprises: Examining The Role Of Stakeholders
Fundamentally, the establishment of village-based enterprises is a mandate of the village law in an effort to encourage or stimulate the wheels of the rural economy and also increase village income sources. The implementation of the mandate of this law makes it important to involve Village-Based Enterprises stakeholders in its management. This study aims to determine the roles and interaction patterns of stakeholders (actors) in the management of village-based enterprises in Bali. The analysis method used in this study is Mactor. Primary data collection was obtained through interviews guided by a questionnaire and direct observation. The research findings indicate that each player, specifically the Village Ministry PDTT, Provincial Government, District Government, Village Government, Village-Based Enterprise Manager, Villagers, and Business Partners, play a crucial role in determining the sustainability of villagebased companies. The linkages between actors interact with each other in the management of village-based enterprises and are able to mobilize actors to achieve management goals. All actors agree that village-based enterprises must be developed both in terms of management and institutions. The contribution of the results of this research becomes a recommendation for collaborative planning among stakeholders, so that it becomes a strategic step in sustainable village-based enterprise.
The Role Of Economic Digitalization On Economic Performance In Indonesian
Economic digitalization has an important role in improving the economic performance of a country. The purpose of this study is to analyze the effect of economic digitalization as measured by internet users, financial technology, electronic money, and electronic commerce on economic performance proxied using Gross Regional Domestic Product (GRDP) with a research focus on 34 Indonesian provinces during the 2019-2022 period. The method used in this study is a panel data regression model with secondary data sourced from BPS, OJK, and BI. So the best model is obtained, namely the Fixed Effect Model. Partially, the results showed that the internet users variable had a positive and significant effect on GRDP, financial technology had a negative and significant effect on GRDP, electronic money and electronic commerce variables had a negative and insignificant effect on GRDP. Simultaneously, the variables of internet users, financial technology, electronic money, and electronic commerce affect GRDP.
Post Covid-19 Pandemic Economic Growth With Human Capital As A Long Term Drive
The latest direction in development economics research both at home and abroad is starting to reduce the use of convoluted analytical models. Using too many variables but with unclear causality will actually complicate the analysis and produce results that are not necessarily good and correct. There are quite a lot of scientific work findings that use dozens of variables, with statistically significant results, but if you examine the relationship many questions arise such as "How can x have a relationship with y?" or “Doesn't y affect x, and not vice versa?” or what is known as reverse causality. Causality between variables must be supported by a strong and indepth theoretical basis—not to show that the increase in the number of giraffes in Australia affects Indonesia's GDP—and the existence of this relationship must be free from sources of bias..
Early Marriage and Human Development Index in Indonesia
Early marriage is a violation of children's rights and can have significant negative impacts. Some of the negative impacts of early marriage include physical and mental health risks, barriers to achieving good human resources, and increased risk of maternal and child mortality. This study aims to analyze the determinants of early marriage on the Human Development Index (HDI) using the Geographically Weighted Regression (GWR) method. The estimation results show a significant negative relationship between early marriage and the Human Development Index (HDI), as well as a significant relationship between almost all factors affecting early marriage and HDI, except GRDP per capita, contraceptive use, housing ownership, and child abuse cases. In order to improve human resources and community welfare, the main focus needs to be improving access to education, protecting children's rights, reproductive health, and poverty reduction. Preventing early marriage is key to providing optimal opportunities for children to grow and develop and promoting higher human development.
The Economic Sanctions Channel For The Curse Of The Petro-State Of Iran: Evidence From The Synthetic Control Method
This study estimates the impact of economic sanctions on oil exports and economic growth in the case study of Iran. By creating a synthetic control group method that reproduces the oil exports and economic growth before economic sanctions are imposed in the case of Iran, we compare the oil exports as well as the economic growth of the Synthetic and the actual for each period. Using the synthetic control method, we fill a major gap in the sanctioned literature in the petrostate economies case study. Our study finds that both oil exports and the economic growth of Iran would have been lower had it not been exposed to economic sanctions. This research is embedded in the comparative and international landscape linked to the relations of international influences with the domestic economy. The findings explain that economic sanctions are a leading factor in the variations in oil exports and economic growth, which can be reflected in the oil curse. We claim that our empirical investigation can contribute to policy formulation in the domestic and foreign arena by sanctioned countries. Overall, the findings confirm that the imposition of sanctions on a petrostate economy like (Iran) can be operated as another channel of the resource curse from international and foreign policy perspectives.
Analysis Of Pollution Haven Hypothesis In World Trade Organization Member Countries
The threat of climate change, justice and also inequality are subjective proxies in the Sustainable Development Goals (SDGs). Likewise with free trade carried out by every country in the world to meet the needs of society. Free trade began to appear when the rounds at the World Trade Organization (WTO) in Dohaaimed to remove trade distortions in the international trade regime, so as to encourage an increase in world trade. The race of countries in the world to pursuewealth and prosperity has several impacts on the environment, one of which is global warming caused by greenhouse gases. The main greenhouse gas thatcontinues to increase is carbon dioxide. The purpose of this study is to analyze the Pollution Haven Hypothesis (PHH) model in explaining the relationship between foreign investment, trade openness, income per capita, renewable energy consumption, non-renewable energy consumption and urban population on the environmental quality of WTO member countries. This research is an associative quantitative research conductedon WTO members with a sample size of 108 countries. Data collection was obtainedthrough the World Bank Index which was then analyzed using the Autoregressive Distributed Lag (ARDL) method. The results of the study showthat the Pollution Haven Hypothesis model notoccurs in WTO member. However, in the long run the investment has a reduced emission impact on the host country. This is proof of the existence of the Halo Pollution Hypothesis.
THE ROLE OF INSTITUTIONS AND GLOBALIZATION TOWARDS INCLUSIVE AND SUSTAINABLE GREEN DEVELOPMENT (INCLUSIVE GREEN GROWTH)
The idea of a green economy does not replace sustainable development, but creates a new focus on the economy, investment, capital and infrastructure, jobs and skills as well as positive social and environmental outcomes. The green economy is closely related to SDGs No. 13, climate action, but, even further, this concept directs attention to the quality of life with people at the center. This research tries to see the impact of the development of inclusive green growth in several countries on the welfare of their people. Inclusive green growth prioritizes planetary and human health, and considers them interrelated. Prioritization and implementation of green initiatives also helps countries achieve various sustainable development goals. The hypothesis tested is that countries that implement inclusive green growth in their development policies will have a strong correlation with community welfare, governance of government institutions, and economic openness in the context of international trade. The results of data analysis show that inclusive green growth has a positive and insignificant effect on economic openness in various countries. Government institutional governance has a positive and insignificant effect on economic openness in various countries. Inclusive green growth has a positive and significant effect on the welfare of society in various countries. The governance of government institutions has a negative and insignificant effect on the welfare of society in various countries. Economic openness has a positive and significant effect on the welfare of society in various countries. Inclusive green growth does not have an indirect effect on the welfare of society in various countries. The governance of government institutions does not indirectly influence the welfare of society in various countries.
Measuring the Resilience of Rural Banks Against COVID-19 Pandemic: Evidence from West Java, Indonesia
The potential disruption of operational activities in rural banks is linked to MSME actors' inability to repay loans amid the COVID-19 pandemic. The quality of credit and financing provided by these banks is vital in ensuring income and interest continuity, thereby impacting profitability. This study aims to analyze the financial performance dynamics and factors influencing rural banks' profitability in West Java, Indonesia, during COVID-19. The research utilized multiple linear regression with REM estimation. Despite the pandemic's challenges, the ROA, CAR, and equity values of the rural banks met minimum standards, though NPL values exceeded maximum limits. The combined factors of CAR, NPL, equity, net income, and the pandemic collectively influence profitability. Specifically, NPL and the pandemic have significant negative effects, while net income positively impacts profitability. To bolster the resilience of rural banks during crises, suggested policy measures include strengthening capital reserves, tightening credit policies, implementing good governance practices, and enhancing operational cost efficiency.
FORECASTING FINANCIAL INCLUSION AND ITS IMPACTS ON POVERTY AND INEQUALITY: A COMPARATIVE STUDY IN ASEAN- 5
Financial inclusion has played a vital role in eradicating poverty and inequality in some developing countries over the last few decades. In ASEAN, the growth of financial inclusion is so rapid that it reaches every element of society. Therefore, the purpose of this study is to examine forecasts of financial inclusion, poverty, and inequality in ASEAN. In addition, the study also analyzes the correlation between financial inclusion, poverty, and inequality in ASEAN. The study uses the ARIMA and GMM models for the study period from 2000 to 2022. Projections show that most ASEAN countries have experienced an increase in the long-term financial inclusion index, with Thailand leading the ranking, followed by Malaysia. However, the role of financial inclusion in poverty does not seem to be so significant in the short term, most likely due to the still-difficult access for low-income groups.
Towards Equity: Projecting and Converging the Human Development Index in Indonesia
Human development has become an imperative for Indonesia amid the ongoing demographic bonus. However, various challenges persist in the realm of human development in the country, as evidenced by disparities in Human Development Index (HDI) achievements. This research aims to project Indonesia's HDI for the years 2023, 2024, 2035, and the "Golden Indonesia" period in 2045 to discern the developmental trajectory of HDI and its disparities. Additionally, it seeks to measure the convergence of Indonesia's HDI to attain equitable development. The results of the trend projection estimations indicate that Indonesia's HDI is projected to be 73.74 in 2023 and 74.28 in 2024, which is anticipated to fall below the target set by the government, aiming for an HDI of 75.54 in 2024. Indonesia's HDI is projected to reach 80.22 in 2035 and 85.62 in 2045, categorizing it as 'Very High,' aligning with the vision for the Golden Indonesia in 2045. Furthermore, conditional convergence analysis results indicate that it would take 75 years for provinces with lower HDI to catch up with those with higher HDI, achieving zero inequality. Based on the estimation results, it is found that Per Capita Spending on Educational Functions is a significant variable influencing HDI convergence.
The Determinants of The Brain Drain Phenomenon in Educational Migration Activities
During this time, the main reason someone migrates is related to the motivation to get a better job. However, the other reason that can not be ignored is the expectation to get the opportunity of having a higher level of education. A phenomenon that occurs following the educational migration is many educational migrants did not return to their origins after finishing their studies, and would choose to work in the destinations. This phenomenon is known as brain drain, which refers to the condition where the educational migrants did not return to their origins after fisnishing their studies in the destinations. This study covers educational migration activities between regions in Indonesia, so the term used to describe this condition is the domestic brain drain. This study aimed to analyze the determinant of the brain drain phenomenon in educational migration activities. By using panel data of the Indonesian Family Life Survey (IFLS) wave 5, which were processed using the Logistic Regression Model method, the result suggested that about 49.08 percent of educational migrants in Indonesia chose not to return to their origins after finishing their studies. They decided to work in the destination or in other areas outside the area of their origins. Their decisions were significantly affected by the amount of salary/income, marital status, location of parents' residence, health facilities, sex, age, age square, province of the origin, and geographical. Partially, marital status, the residence of the parents, age square, and geographical, have a negative impact to migrant’s decision. Meanwhile, health facilities, sex, and age have a positive impact to migrant’s decision.
The Influence of Financial Literacy, and Investment Knowledge on Investment Interest mediated by Investment Motivation
This study attempted to determine the influence of investment knowledge and financial literacy on capital market investing interest via investment motivation. All IDX Investment Gallery users in the Faculty of Economics and Business, University of Mataram, made up the study's population, and 85 Investment Gallery users were chosen as the study's sample using a purposive selection approach. Associative quantitative research is the term used to describe this sort of study. Smart-PLS 4 was utilized to process the data in this study, and the following tests were run: validity test, reliability test, R-Square, inner model, and path coefficient. The findings demonstrated that, while investment knowledge has a negligible impact on investment interest, financial literacy, and investment motivation have a favorable and considerable impact. Investment motivation is positively and significantly impacted by financial knowledge and literacy. Financial literacy and investment interest can be mediated by investment motive, but investment knowledge cannot.
Analyzing the Influence of Bank Competition on Credit Risk: Perspectives from Indonesia's Dual Banking System
This study analyzes the effect of competition banks on credit risk in the dual banking system in Indonesia. This research was conducted using a purposive sampling technique in selecting a sample of 5 conventional commercial banks and 5 Islamic commercial banks. The method used is the Generalized Method of Moments (GMM) from 2011 to 2020. Credit risk for Conventional Banks is measured by the value of Non-Performing Loan (NPL), while Islamic Bank Financing is measured by the value of Non-Performing Financing (NPF). The results of this study indicate that Return on Assets (ROA) for Conventional Banks and Islamic Banks has a significant effect on credit risk in the dual banking system, Loan to Deposit Ratio (LDR) for Conventional Banks does not have a significant effect on Non-Performing Loan (NPL) while Financing to Deposit Ratio (FDR) of Islamic Banks has a significant level 2 influence on Non-Performing Financing (NPF). Bank size does not have a significant influence on credit risk in the dual banking system, and the Lerner Index for Conventional Banks has a significant effect on Non-Performing Loan (NPL), while the Lerner Index for Islamic Banks has no effect on Non-Performing Financing (NPF). The Central Bank in making policies can see that the level of competition for banks in the dual banking system in Indonesia is categorized as a monopolistic competition market, where each bank has its own market segment so that it has market power that is strong enough to set prices that are relatively
THE MODERATING ROLE OF LEVERAGE ON CORPORATE BONDS YIELD
This study aims to identify the effect of bond credit rating, firm size, profitability, and liquidity on the yield to maturity (YTM) of listed Indonesian corporate bonds, with leverage ratio as a moderating variable. A panel data multi-linear regression with the fixed effect estimator was used to investigate the YTM of 25 listed corporate bonds from 2019 to 2021. The sample data comprise complete financial reports published in the Indonesia Stock Exchange (IDX) market and operations in the non-financial sector to increase the accuracy of information obtained. The results show that profitability proxied to return-on-asset (ROA) and firm size positively affect the YTM, while the liquidity ratio proxied to the current ratio (CR) had a negative influence. As a moderating variable, leverage proxied to the debt-to-equity ratio (DER) positively moderates the effect of CR, DER negatively moderates the effect of ROA and DER cannot moderate the bond’s credit rating to influence the YTM. However, the bond’s credit rating does not affect the YTM. The analysis of corporate bonds is a relatively uncommon study in Indonesia, and significant implicating for policymakers, underscoring the importance of meticulous management of CR and DER, which can decrease the YTM.
Analysis of Macroeconomic Variables on the Existence of Inflation in Indonesia Using the Vector Error Correction Model Approach
This research investigates the impact of macroeconomic variables, namely money supply, exchange rate, interest rate, and the joint stock index, on inflation in Indonesia. Employing the Vector Error Correction Model (VECM) dynamic model approach, the study reveals a long-term relationship among each variable (Inflation Rate, Jakarta Composite Index, Interest Rate, Exchange Rate, and Money Supply). Granger Causality Test results indicate a unidirectional relationship of interest rate and money supply variables to inflation, interest rate to Jakarta Composite Index, and money supply to the exchange rate. Conversely, there is a bidirectional relationship between exchange rate and inflation variables. In the short term, Interest Rate significantly and positively influences inflation, whereas, in the long term, it exhibits a negative and insignificant effect. Money supply, in the long run, significantly and positively affects the inflation rate. This study stands out in the macroeconomic literature due to its distinctive choice of variables and the dynamic model employed.
THE EFFECT OF VISA EXEMPTION POLICY ON INDONESIAN EXPORT
This study examines the effect of the visa exemption policy on Indonesia’s exports, by using Staggered Difference in Difference (DID) method and Indonesia's export data to 191 partner countries in 2015 - 2019 period. This study finds that visa exemption policy of Indonesia has effect on its export, but it is not "one size fits all". A significant positive effect was generated by visa-exemption received by American region, and a significant negative effect on exports was generated by visa exemption received by Oceania region. American region is one of the priority recipients of visa exemption policy of Indonesia, and provides the most visa exemption to Indonesia after the Asian region. Meanwhile, Oceania is the most restricted region in terms of visa exemption policy both unilaterally or reciprocally with Indonesia.
Does Public Debt Affect Economic Growth? An Empirical Investigation Of Upper-Middle-Income Countries
Public debt has increased dramatically over the past few decades. The emergence of budget crises in developing countries has led to this phenomenon. Using panel data from 2013 to 2022, this study investigates the impact of public debt on economic growth in 11 upper-middle-income countries. The panel data regression model was estimated using the fixed effect model. The findings show that public debt has a significant and positive impact on economic growth. Therefore, the government must cut back on public debt procurement, implement structural reforms, and establish a credible regulatory framework to ensure long-term economic growth and debt sustainability.
Political And Health Influences On Demand Indonesian Tourism
Tourism demand is one measure of the success of tourism development. The novelty in this study is that it uses political, health and macroeconomic variables on Indonesian tourism demand from the five countries with the highest market share in Indonesia, namely Malaysia, China, Singapore, Australia, Timor Leste and the five countries. This research uses multiple regression and panel regression research methods. The results of this research show that the income of tourists from China, Australia, Timor Leste and these five countries has a positive effect on tourism demand, while the income of tourists from Malaysia and Singapore has a positive effect on tourism demand. The exchange rate of tourists from Malaysia, Singapore, Australia, Timor Leste and these five countries has a positive effect on tourism demand, while the exchange rate of tourists from China has no effect on tourism demand. Political events have a negative impact on tourists from Australia, a positive impact on tourists from these five countries, and have no effect on tourists from Malaysia, China, Singapore and Timor Leste. Health has a negative effect on tourists from Malaysia, China, Timor Leste and these five countries, while the health of tourists from Singapore and Australia has no effect on tourism demand.
The Effect Of Financial Literacy On Household Interest In Utilizing Insurance Financial Products
Insurance is needed to provide financial protection. However, Household trust in insurance financial products and services is lower than in banking, especially in Bali Province. Financial literacy is needed to increase trust in insurance financial services. This research aims to examine the condition of financial literacy at the household level in Bali Province and analyze the influence of financial literacy on household interest in utilizing insurance financial service products in Bali Province. This research used a quantitative associative approach with survey data collection techniques using questionnaires. The data analysis technique for this research uses the formation of index numbers to measure the financial literacy index at the household level in Bali Province and Binary Logistic Regression to determine the influence of the independent and dependent variables. The analysis results show that the financial literacy index in Bali province is in the high category, and financial literacy has a significant relationship with household interest in utilizing insurance financial services.
Measuring Welfare Equality: Essential Factors Supporting Inclusive Economic Growth In West Nusa Tenggara Province 2021-2025
Inclusive economic growth is a new paradigm in measuring the success of economic development in the current era. This study aims to analyze and identify the essential factors that support inclusive economic growth in the regency/city of NTB Province for the next five years (2021-2025). This research uses the semi-averaging method in calculating data projections for 2024-2025. The data analysis technique used in this research is panel data regression. The findings of this study indicate that over the next five years (2021-2025), inclusive economic growth in NTB regencies/cities is predicted to be in the medium category. The findings of this study also show that a decrease in poverty levels, income inequality, and unemployment rates are important factors that support inclusive economic growth in Regency / City in NTB Province in the next five years (2021-2025).
Determinants Of Tourism Village Development On Communitywelfare In Tabanan District
The tourism is one of the sources of foreign exchange income for a country. One of the provinces in Indonesia that has the largest tourism-leading sector is Bali Province. Through the development of tourism villages and community-based tourism, it is expected to improve the community welfare. This Study aimed to analyze the effect of community participation, government role, and community empowerment on tourism village development and community welfare in Tabanan Regency. The population of this study is the community involved in tourism village development in Tabanan Regency, namely Pinge Tourism Village and Jatiluwih Tourism Village. The sampling technique used was non-probability sampling with a purposive sampling technique, and we obtained a sample of 138 observational samples. Data analysis techniques were used in the study using a structural equation model (SEM) with partial least squares (PLS) software. The analysis results show that community participation, government role, and community empowerment positively and significantly affect community welfare through tourism village development in Tabanan Regency. The community and government can maintain tourism village development to improve the welfare of rural communities and the facilities needed to meet the needs of tourist villages.