Monetary variables can affect portfolio investment in the short or long term. The previous studies rarely discuss the effects of monetary variables in the long and short term on portfolio investment. This study looks at monetary indicators that affect investment portfolios in Indonesia. The methodology used in this research is to use the Vector Error Correction Model (VECM) to see the response of several variables in the short and long term. The findings suggest that monetary policy should pay special attention to Indonesia's money supply (M2) and savings to influence portfolio investment in the short term. The monetary policy transmission mechanism can use the money and expectation channels to optimize monetary variables to control investment. Meanwhile, in the long run, monetary policy portfolio investment control needs to pay attention to interest rates and savings and adjust to the set inflation target, which can be used in the interest rate channel.JEL Classification: E21, E22, E43, E51, E52 How to Cite:Fuddin, M. K., & Anindyntha, F. A., (2023). The Effect of Monetary Variable Shocks on Indonesian Portofolio Invesment. Signifikan: Jurnal Ilmu Ekonomi, 12(2), 307-326. https://doi.org/10.15408/sjie.v12i2.31525.

The increasing number of millennials presents an enticing market opportunity for business. Understanding their preferences is the key to attracting their sympathy and interest. Thus, this study aims to analyze banking selection criteria for Islamic and conventional banks among the young generation. A group of students represents the millennial group in this study. Data is collected through questionnaire instruments, and factor analysis is employed to capture millennials' preference for banking. The finding highlights a relatively lower level of knowledge and awareness among millennials regarding the products and services offered by Islamic banks. Interestingly, among them, an inverse relationship exists between the criteria for selecting Islamic and conventional banks. Factors associated with banking preference among millennials are managerial performance and service quality, religiosity, recommendations, and finances. This study provides valuable insights for banking industry players, enabling them to understand millennial banking preferences better and formulate suitable marketing strategies.JEL Classification: G21, G32, D81How to Cite:Rama, A., & Wiranata, S. (2023). Banking Selection among Millennials: Insights from Islamic and Conventional Banks. Signifikan: Jurnal Ilmu Ekonomi, 12(2), 341-354. https://doi.org/10.15408/sjie.v12i2.35104.

This study aims to determine the social and economic variables that influence workers to become migrant workers. This research was conducted in Central Lombok Regency, West Nusa Tenggara. As a sample in this study, we surveyed 100 people, consisting of 50 ex-migrant workers and 50 local workers. The analytical tool used was logit analysis. The estimation results show that the influential social variables are gender, age, marital status, and education. Economic variables that affect former migrant workers include ownership of savings, ownership of loans, ownership of agricultural land, and ownership of livestock, all of which have a negative effect. The policy implications of this research are the need for new regulations or revisions to previous regulations to improve human resources at the time of pre-placement. This regulation should involve training in language skills and the abilities required for the relevant field of work to increase competitiveness. Furthermore, policies to empower migrant workers post-placement should be implemented to provide more significant opportunities and support for working or starting businesses in their home countries.JEL Classification: J61, O15How to Cite:Haer, J., & Yuniarti, D. (2023). The Migrant Labor Determinants: Do Socio-Economic Factors Affect?. Signifikan: Jurnal Ilmu Ekonomi, 12(1), 117-130. https://doi.org/10.15408/sjie.v12i1.31274.

The economic problem is one of the things that the Indonesian government must consider. One of them is unemployment because it impacts the socioeconomic conditions of society. This condition is necessary to suppress or reduce the unemployment rate. This research was conducted to determine the conditions and variables affecting Indonesia's unemployment rate. The data analysis used is an econometric model on dynamic panel data using the Generalized Method of Moments (GMM) developed by Arellano Bond. The study results show that the Human Development Index, inflation, minimum wages, and worker numbers significantly influence Indonesia's unemployment. In addition, the unemployment lag also has a significantly positive effect on unemployment. The findings of this study provide information on strategies for increasing the demand and supply of labor, wage regulation, search, match effectiveness in the labor market, and realistic short- and long-term policies. JEL Classification: C33, E24, J64 How to Cite:Agustina, M., Astuti, H., & Susilo, J. H. (2023). Unemployment in Indonesia: An Analysis of Economic Determinants from 2012-2021. Signifikan: Jurnal Ilmu Ekonomi, 12(1), 69-82. https://doi.org/10.15408/sjie.v12i1.29247.

This study investigates the BAZNAS Microfinance Desa (BMD) Sigi program’s impacts on the material and spiritual well-being of the Mustahiq (zakat beneficiaries). The quantitative CIBEST model and qualitative observation were performed on 100 households recruited using a random sampling technique. The results show that BMD Sigi’s program positively impacted Mustahiq’s material and spiritual well-being, with increases of 35.39% and 10%, respectively. The welfare index rose 19%, and the material poverty index fell by 1%. Both spiritual poverty and the absolute index fell by 6% and 12%, respectively. Our direct observation further supports the quantitative findings, showing that monitoring and technical support provided by BMD Sigi is crucial for the successful implementation of the program. This study contributes to the novelty of measuring the impact of zakat distribution on productive means using quantitative and qualitative approaches with particular evidence from a post-disaster area.JEL Classification: D64, I38, L31, Z12How to Cite:Hasanah, U., Anwar, S., & Ardiansyah, M. (2023). Impact of Zakat-Based Business Capital on Mustahiq’s Welfare Post-Disaster in Sigi Regency. Signifikan: Jurnal Ilmu Ekonomi, 12(1), 175-190. https://doi.org/10.15408/sjie.v12i1.25178.

The Indonesian government aims to promote information and communication technology (ICT) among micro and small enterprises to enhance their competitiveness in the global market. A survey was conducted among 180 micro and small enterprise owners in Makassar City using the Unified Theory of Acceptance and Use of Technology (UTAUT) model. The results showed that Performance Expectancy (PE) and Effort Expectancy (EE) insignificantly affect the Behavioral Intentions (BI) of the enterprise owners. It also indicated that Social Influence (SI) and Facilitating Conditions (FC) positively influence the adoption of ICT in micro and small enterprises. This study is novel and significant as it addresses a gap in the literature on digital transformation strategies, particularly in Makassar City, where such investigations are rare. Consequently, this study presents an original contribution to the field.JEL Classification: M2, O3, R2How to Cite:Tajuddin, I., Mahmud, A., & Syahnur, M. H. (2023). Determinants of Strategic Factors for Digital Transformation in Micro and Small Enterprise in Makasar City. Signifikan: Jurnal Ilmu Ekonomi, 12(1), 131-144. https://doi.org/10.15408/sjie.v12i1.31070.

Colombian coffee exports influence Indonesian coffee exports in the short term, so this study aims to forecast the export volume of Indonesian and Colombian coffee in the future. The study used time-series data from 2001 to 2021, further analyzed using the ARIMA model. Based on the projection, Indonesian coffee export is projected to increase with an average value of 1.14 percent and a potential increase of 1.79 percent. However, this result still needed to reach the desired value since the projected coffee export of Indonesia in 2025 only reached 429 172 tons, or lower than the export quantity of Colombian coffee in 2011. This finding indicated that Indonesian coffee export tended to increase stagnantly and was considered low compared to the increasing export of Colombian coffee.JEL Classification: C22, C53, E37, F17, Q13How to Cite:Zuhdi, F., Maulana A. S., & Rambe, K. R. (2023). Forecasting Export Volume of Indonesian and Colombian Coffee in the World Market using ARIMA Model. Signifikan: Jurnal Ilmu Ekonomi, 12(1), 57-68. https://doi.org/10.15408/sjie.v12i1.25456.

This research investigates the preferences of Muslim taxpayers between paying zakat or taxes. 119 Muslim taxpayers were recruited for online and offline survey studies. Factor analysis determines factors influencing Muslim taxpayer preferences between paying zakat or taxes. This study shows that Muslim taxpayers preferred to pay zakat rather than taxes. The faith factor has influenced Muslim taxpayers' preferences to pay zakat compared to paying taxes. Other factors include the level of compliance with obligations, the service quality factor for zakat management, the zakat knowledge level factor, the tax knowledge level factor, the religious practice factor, the Tax Services office service quality factor, and the tax benefit factor. From these results, it is expected that the government should evaluate tax policy that previously treated zakat only as deductible income to become a tax credit.JEL Classification: F6, Q49, R2How to Cite:Rahmawati, R., & Rifani, N. (2023). Muslim Taxpayer’s Preference: Paying Tax or Zakat. Signifikan: Jurnal Ilmu Ekonomi, 12(1), 207-220. https://doi.org/10.15408/sjie.12ii1.31555.

Improving human resource quality in Eastern Indonesia has become a primary concern in many development programs enacted in Indonesia. The KTI regions needed to catch up and often experienced development problems. Several challenges, such as the significant disparity in education and health facilities compared to the western part of Indonesia, have hindered the development process of KTI. This research aims to find the determinants of human development in KTI. We analyze the regional fiscal dependency ratio, employment level, allocation of DAU (general allocation fund) by the central government, and poverty gap level as determinants of the Human Development Index in KTI. Using the Fixed Effect panel data analysis, we found that the general allocation fund, employment, and fiscal dependency ratio are positively associated with HDI in KTI regions. In contrast, the poverty gap is negatively associated with HDI in KTI regions. Our empirical finding implies that central government transfers play an essential role in the human development process, while the poverty problem is one of the main obstacles to improving the human resources quality in KTI regions.JEL Classification: H80, L38, O15How to Cite:Khairina, N., & Wijaya, A. (2023). The Determinant of Human Development in the Eastern Part of Indonesia. Signifikan: Jurnal Ilmu Ekonomi, 12(1), 83-96. https://doi.org/10.15408/sjie.v12i1.29496.

The impact of foreign direct investment (FDI) on the host country’s economic growth is often discussed without considering the abundance of natural resources in the host country. The present study examines the relationship between FDI and economic growth while considering the presence of natural resources. Using panel data regression with data from 124 countries, the study finds that FDI inflows are increasing significantly, with pronounced differences between countries based on their per capita income levels. The results of the panel data regression analysis show that both FDI and natural resources positively affect economic growth. However, an increase in natural resources reduces the overall impact of FDI on economic growth. This result suggests that countries should attract FDI in sectors outside of natural resources to maximize the positive effects of FDI on economic growth.JEL Classification: F43, O4, P28, P45, Q0How to Cite:Fajrian, M. A., Achsani, N. A., & Widyastutik. (2023). Foreign Direct Investment, Abundance of Natural Resources, and Economic Growth. Signifikan: Jurnal Ilmu Ekonomi, 12(1), 11-26. https://doi.org/10.15408/sjie.v12i1.29975.