Economic Growth In Indonesia Research Articles

INDONESIAN ECONOMIC DIPLOMACY IN ACCELERATING INDONESIA-CANADA CEPA NEGOTIATIONS

This research investigates the economic cooperation between Indonesia and Canada under the comprehensive economic agreement, which builds on a trade relationship established in 1951. The agreement aims to address trade challenges and boost economic activities between the two nations by incorporating economic, environmental, and human resource considerations, aligned with their national interests and values. Findings indicate that both countries are collaboratively overcoming trade barriers through comprehensive economic cooperation. Negotiations have advanced to the eighth round, addressing various sustainable issues and resulting in notable improvements in trade regulations, technical implementation, and overall cooperation. This research employs an exploratory qualitative method, focusing on bilateral cooperation and economic diplomacy. The aim is to examine and comprehend Indonesia's efforts at economic diplomacy in expediting the agreement negotiations, as well as to evaluate the effects of these initiatives on the bilateral economic ties between Canada and Indonesia, and the consequences for Indonesia's economic growth and global trade.

Family, Friends, and Financial Know-How: Influences on Students' Intentions to Pursue Entrepreneurship, with the Moderating Role of Self-Efficacy

<p>ABSTRACT</p><p>The decline in unemployment rates in Indonesia is a major focus of the government, with entrepreneurship considered a potential solution. This study aims to examine the influence of family economic education, peer groups, economic literacy, and self-efficacy on students' entrepreneurial intentions. The research adopts a quantitative approach, utilizing a survey method with a Likert scale distributed to 292 students actively enrolled in universities in the Greater Jakarta area (Jabodetabek). Data analysis was conducted using <em>Partial Least Square Structural Equation Modeling</em> (PLS-SEM). The results indicate that family economic education and peer groups have a positive and significant effect on economic literacy and entrepreneurial intentions. Economic literacy was found to mediate the influence of family economic education and peer groups on entrepreneurial intentions. Furthermore, self-efficacy moderates the relationship between economic literacy and entrepreneurial intentions, enhancing the impact of economic literacy on entrepreneurial intentions when self-efficacy is high.</p><p>This research offers valuable insights for developing entrepreneurship education programs that involve families and create positive peer interactions among students. It suggests the need for educational institutions to integrate family-based economic education workshops and seminars, as well as establish entrepreneurship clubs and networking events to foster a conducive environment for entrepreneurial growth. Strengthening self-efficacy through personal development programs is also recommended to ensure that students can effectively apply their economic literacy in entrepreneurial contexts. These combined efforts can significantly enhance entrepreneurial intentions among students, contributing to reducing unemployment rates and promoting economic growth in Indonesia.</p>

Analysis of the Impact of Monetary Policy Instruments on Economic Growth in Indonesia by 2013 to 2023

Based on quarterly data by 2001Q1 to 2017Q2, this research and study covers theoretical debates and empirical studies on the factors that affect economic stability and their effect on the financial sector's performance. This study applies the Ordinary Least Square (O.L.S.) method to the Cointegration and Engle Granger-Error Correction Model (E.C.M.) methods. E.C.M. is done to assess the long-term validity and balance of the research model and foresee potential flaws and discrepancies among the theoretical and statistical models. Even while the M2 variable has no discernible effect on G.D.P. during the observation period, the research findings demonstrate that, over the long run, there is a balance among changes in G.D.P. and monetary variables, such as interest rates, Inflation, M2, and the rupiah value. On the other hand, the E.C.T. variable has a significant short-term effect on fluctuations in G.D.P. Interest rates, Inflation, M2, and exchange rates had no discernible effect on G.D.P. throughout this time. Thus, changes in monetary variables, particularly interest rates, Inflation, and M2, tend to effect G.D.P. The average quarterly financial deepening in Indonesia for the observation period was 3.80 per cent, according to the outcomes of the financial performance study. Furthermore, M2 growth during the same period was 3.03 per cent, compared to Indonesia's average quarterly economic growth of 1.36 per cent.

Key challenges in prehospital and emergency care in Indonesia and Malaysia: a survey of frontline clinicians

Rapid economic growth in Indonesia and Malaysia has widened the gap in emergency care supply and demand, intensifying challenges. Our study, from August to November 2022, assesses current diverse challenges in both countries' emergency care systems from frontline staff perspectives. The online survey involved emergency department (ED) personnel from 11 hospitals in Indonesia and Malaysia, drawing from an existing network. The survey collected data on respondents’ characteristics, factors affecting prehospital and ED care quality, missing clinical information, and factors influencing patients’ ED stay duration. With 83 respondents from Indonesia and 109 from Malaysia, the study identified common challenges. In both countries, inadequate clinical information from ambulances posed a primary challenge in prehospital care quality, while crowdedness during night shifts affected ED care quality. Frequent gaps in essential clinical information, such as family and medication history, were observed. Prolonged ED stays were associated with diagnostic studies and their turnaround time. This study offers insights into shared challenges in Indonesia and Malaysia's emergency care systems. Our findings stress recognizing common and country-specific challenges for enhanced emergency care quality in Southeast Asia, supporting tailored interventions.

Governance and Risk Management in Sharia Banks and Financial Performance

General Background: The financial performance of Sharia commercial banks is crucial for Indonesia's economic growth. Specific Background: This study explores the impact of Good Corporate Governance (GCG), Internal Audit, and Risk Management on the financial performance of Sharia banks, particularly after the enactment of Law No. 21 of 2008. Knowledge Gap: Existing literature shows mixed results regarding the effects of these governance factors, indicating a need for comprehensive analysis in the context of Sharia banking. Aims: The research aims to assess how GCG, Internal Audit, and Risk Management affect financial performance from 2018 to 2021. Results: Analysis of 44 Sharia banks reveals that while Internal Audit negatively affects performance, GCG and Risk Management have significant positive impacts. Novelty: This study introduces a thorough examination of Risk Management alongside GCG and Internal Audit, enhancing the understanding of their roles in Sharia banking. Implications: Findings highlight the importance of strengthening governance frameworks in Sharia banks to improve financial performance, providing insights for investors and policymakers. Highlights: Good Corporate Governance and Risk Management significantly enhance financial performance in Sharia banks. Internal Audit shows a negative impact on the financial performance, emphasizing the need for effective implementation. The study addresses a gap in literature by examining the interplay of GCG, Internal Audit, and Risk Management in the Sharia banking sector. Keywords: Good Corporate Governance, Internal Audit, Risk Management, Financial Performance, Sharia Banks

Analysis of Convergence and the Scenarios of Economic Growth in Indonesia Using System Dynamic Approach

This study aims to determine whether there is sigma convergence and beta convergence in Indonesia, to determine the effect of electricity infrastructure, human development, and ICT on convergence of economic growth, and to determine the scenario that can accelerate economic growth in Indonesia. The data used in this study is secondary data. The methods used are convergence analysis, panel data regression analysis, and dynamic system approach. The results showed that there was sigma convergence and no beta convergence in Indonesia in 2013-2022. Electricity infrastructure, human development, and ICT have not been able to encourage convergence of economic growth with electricity infrastructure having a significant negative effect, human development having a significant positive effect, and ICT having an insignificant negative effect. Scenarios that can be done to accelerate economic growth are structural scenarios and parameter scenarios.

Causality Between FDI Inflow, Worker Remittance Outflow, and Indonesia's Economic Growth

Causality Between FDI Inflow, Worker Remittance Outflow, and Indonesia's Economic Growth

The Effect of Clean Energy Technology Infrastructure Development on Regional Economic Growth in Indonesia

This study investigates the effect of clean energy technology infrastructure development on regional economic growth in Indonesia. Using a quantitative research design, data were collected from 70 respondents across different regions using a Likert scale ranging from 1 to 5. The analysis was conducted using SPSS version 26 to examine the relationship between clean energy infrastructure and regional economic performance. The results show a strong positive correlation between clean energy technology infrastructure and regional economic growth, with a statistically significant relationship. Furthermore, multiple regression analysis indicates that clean energy infrastructure development significantly predicts economic growth, while geographic location and government policy also play important roles. These findings suggest that investments in clean energy infrastructure are crucial drivers of regional economic development and highlight the need for supportive policies to maximize the benefits of renewable energy projects. This study provides valuable insights for policymakers and stakeholders in advancing sustainable development through clean energy initiatives.

Economic Growth in Indonesia: Dynamics of Poverty, Unemployment, and Health Budgets

Even with Indonesia's impressive recent economic expansion, issues including poverty, unemployment, health care spending, housing, education, and labor productivity continue to be serious problems. International organization databases, government reports, academic publications, national statistics agencies, and academic publications are some of the sources that can be used for secondary quantitative data analysis encompassing 34 provinces from 2018 to 2022. The results show that unemployment, poverty all have a detrimental effect on economic growth. On the other hand health budget allocations all have a favorable impact. The study concludes that while investments in health budgets positively influence growth by enhancing human capital and, poverty, unemployment negatively impact economic growth. This study's conclusion about the correlation between the variables can offer insightful information to practitioners across a range of fields and public policy.

The Effect of AI-Based Technology Implementation, Green Energy Sustainability, and Product Innovation on Economic Growth of the Manufacturing Industry in Indonesia

This study investigates the effect of AI-based technology implementation, green energy sustainability, and product innovation on the economic growth of the manufacturing industry in Indonesia. Using a quantitative research approach, data were collected from 120 manufacturing firms and analyzed using Structural Equation Modeling-Partial Least Squares (SEM-PLS 3). The results show that AI-based technology has the strongest positive impact on economic growth, followed by green energy sustainability and product innovation. AI-driven technologies optimize operations, reduce costs, and enhance decision-making, contributing significantly to the economic performance of firms. Green energy sustainability promotes long-term growth by reducing operational costs and improving environmental performance. While product innovation positively influences growth, its impact is relatively weaker, indicating the need for complementary factors. These findings provide insights for policymakers and industry leaders to focus on technological advancement, sustainability, and innovation as drivers of economic growth in Indonesia’s manufacturing sector.

The Effect of Bank Credit, Export Value, Government Expenditure, And Labor Force on Provincial Economic Growth in Indonesia

The Effect of Bank Credit, Export Value, Government Expenditure, And Labor Force on Provincial Economic Growth in Indonesia

The Role of Geopolitics on Economic Growth in Indonesia

Inclusive and sustainable economic growth is a priority for countries around the world, including Indonesia. Geopolitics plays an important role in creating a legal framework that supports investment, innovation, and environmental protection - key components of sustainable economic growth. This research aims to explore how geopolitics contributes to Indonesia's economic growth, focusing on the development of technologies, regulations, and procedures that support economic sustainability. The research method used is a qualitative approach, with data collection through literature review and policy analysis. This research was conducted by exploring the influence of geopolitics in the context of economic policy, investment, and natural resource management. The results show that Indonesia's strategic location as an archipelago provides advantages in international trade and regional economic relations. In addition, political stability and economic policies influenced by geopolitics play an important role in creating an enabling environment for economic growth. The implication of this research is the importance of strengthening international and bilateral cooperation to capitalize on Indonesia's geographical and political potential to increase economic competitiveness globally and promote sustainable economic growth.

Sustainable Technology Adoption and Green Competitive Advantage: an Empirical Study of Msmes In Indonesia

Objective: Micro, Small and Medium Enterprises (MSMEs) have an important role in Indonesia's economic growth. MSMEs in the creative industry have grown and have played an important role in Indonesia's economy and the achievement of sustainable development goals (SDGs). This article examines the performance of MSMEs (MPR) in the creative industry by analyzing the influence of sustainable technology adoption (STA), accounting and financial resources (AFR), and green competitive advantage (GCA). Theoretical Framework: This article examines the performance of creative industry MSMEs in Indonesia using the Natural Resource Based View (NRBV) framework. Method: The research in this article was conducted with a sample of creative industry owners or managers in the provinces of Central Java, West Java, and Yogyakarta. This article is a quantitative survey-based research. A total of two hundred and ninety-four people participated in this study. Results and Discussion: The data analysis results indicate that STA and AFR have an impact on the GCA. The MPRs driven by AFR and GCA. However, this article did not find any influence of STA on MPR. Research Implications: According to the study's findings, MPR may increase when MSMEs are able to locate GTA. As a result, MSMEs must innovate while maintaining an emphasis on sound environmental management through the use of sustainable technologies and prudent financial management. Originality/Value: This study contributes to the literature by testing GTA and MPR within the NRBV framework. The relevance and value of this research are evidenced by the contribution of research results to improving the performance of MSMEs.

Pengaruh Bahasa Indonesia sebagai Alat Komunikasi dalam Bisnis Internasional di Era Digital

This article examines the role of Indonesian as a communication tool in international business in the digital era. This topic is important given Indonesia's economic growth and its potential in the global market, particularly in Southeast Asia. The research uses a literature review method, analyzing relevant sources related to the use of Indonesian in the context of international business. Opportunities that can be leveraged include the growth of e-commerce and the potential of Indonesian as a lingua franca in Southeast Asia. The study concludes that with the right strategies, Indonesian can become an effective communication tool in international business, opening opportunities for Indonesian companies in the global market and helping foreign companies adapt to the Indonesian market.

FINANCIAL INCLUSION (FI): KINERJA UMKM DI INDONESIA DARI PUBLISH OR PERISH

Purpose: This study aims to analyze the financial inclusion of Micro, Small, and Medium Enterprises (MSMEs) that are currently supporting economic growth in Indonesia. Design/Methodology/Approach: Systematic Literature Review (SLR) is a method in this observation by reviewing certain topics of discussion that focus on specific problems that have been identified and classified in a structured manner, assessed, concluded, and selected based on previously determined benchmarks based on evidence and facts from quality research that is relevant to the research question. Research data was obtained from Google Scholar for the period 2011-2022 based on the initial search, there were 198 articles, and only 25 articles were used as data sources and will be studied in more depth. Findings: The results of the research show that through investment diversification, risk management, and wise financial planning, individuals and companies can reduce the negative impact of economic impacts and maintain their financial stability. Research Implications: Insulation can help MSMEs protect their businesses from market shocks, interest rate changes, or other external impacts that can be detrimental. Financial inclusion after the economic crisis that occurred in 2008 hurt financial stability in Indonesia.

ANALISIS PENGARUH DAMPAK MAKROEKONOMI, KEBIJAKAN PEMERINTAH, DAN KINERJA PERUSAHAAN TERHADAP RETURN SAHAM SEKTOR INFRASTRUKTUR

Infrastructure sector stocks experienced a stable and upward trend, even sharply at the end of quarter 2023. In line with the government budget in infrastructure development that continues to increase, supported by the increase in this sector, one of which will contribute to increasing economic growth in Indonesia, therefore the purpose of this research is to analyze the effect of macroeconomic impacts, government policies, and company performance on infrastructure sector stock returns. Inferential quantitative research with panel data regression analysis techniques is included in this research. With purposive sample method, ten companies were selected, out of 62 companies in the whole population. The type of secondary data is quarterly for the period 2016-2022. The implications of this research as material for investors to invest. Common Effect Model (CEM) is the selected model, the findings prove that partially interest rates, capital expenditures, CR, TATO, ROE, PER, DER, ROA, EPS, NPM, DPR, and DPS have no effect on stock returns. PBV has a significant positive effect on stock returns. Exchange rate, inflation, and DY variables have a significant negative effect on stock returns. Simultaneously, exchange rate, inflation, interest rate, capital expenditure, CR, TATO, ROE, PER, DER, ROA, EPS, PBV, NPM, DPR, DPS, and DY all affect stock returns.

Pengaruh Penerapan E-commerce dan Financial Literacy Terhadap Kinerja Keuangan UMKM

In the era of globalization, many new business innovations have emerged, including Micro, Small, and Medium Enterprises (MSMEs), which play a significant role in Indonesia's economic growth. However, MSMEs face obstacles such as suboptimal use of technology and low levels of financial literacy. This study examines the impact of e-commerce adoption and financial literacy on the performance of MSMEs in Bandar Lampung City, using 115 respondents selected by purposive sampling method. Hypothesis testing using multiple linear regression shows that the adoption of e-commerce and financial literacy simultaneously affect MSME performance by 37.3%, with both having a positive impact on MSME performance. This means that the better the e-commerce adoption and financial literacy, the better the performance of MSMEs.

Perencanaan Sumber Daya Manusia dan Peningkatan Daya Saing Produk melalui Strategi Pengemasan pada Usaha Mikro Seblak Mamih di Kabupaten Bandung

The creative economy sector is one of the pillars of economic growth in Indonesia where creativity is the basis of economic development activities. West Java Province is one of the provinces in Indonesia with a high distribution of the creative economy sector. Not only is Bandung City famous for its culinary, but currently Bandung Regency is an area that is starting to develop its culinary tourism. in the minds of tourists. One of the snacks or snacks that are popular with the community and also is seblak, this "Seblak Mamih" business has been established for several years, and to develop its business to be competitive where its products can not only be enjoyed by consumers on the spot, an effective and innovative product packaging strategy is carried out so that it can be marketed and enjoyed by consumers more widely. The large number of consumers who come, results in the inability of business owners to serve consumers effectively and efficiently, therefore the need for human resource planning as a party that can serve consumers well.

Kangaroo Market Phenomenon: Identification and Impact on Indonesia’s Economic Growth

The stock market holds a crucial role in a country's economy, including Indonesia. As an indicator, the Jakarta Composite Index (JCI) experiences volatility alongside changes in the Indonesian economy. The presence of a kangaroo market in JCI returns can pose a risk of future economic slowdown, making it crucial for monetary authorities to intervene to stabilize the stock market. Therefore, this study identifies the kangaroo market phenomenon, structural economic changes, and the impact of the kangaroo market phenomenon on Indonesia's economic growth. The study focuses on many variables, including JCI returns, kangaroo market, and economic growth from Q3 1995 to Q4 2023. By using the Hodrick-Prescott Filter to define a kangaroo market as JCI returns that lack a deterministic trend, have high volatility, and deviate by one standard deviation from their volatility trend, the results show that most kangaroo phenomena occur during undervaluation. Following the kangaroo market phenomenon, Indonesia's economy underwent five structural changes based on the multiple breakpoint test. Using dynamic linear regression, the overvaluation kangaroo phenomenon negatively affects Indonesia's economic growth, while the undervaluation kangaroo phenomenon has no impact but shows a positive direction.

Contribution of Islamic Banking Towards Economic Growth in Indonesia With Data Panel Regression Approach

Contribution of Islamic Banking Towards Economic Growth in Indonesia With Data Panel Regression Approach