Economic Growth In Indonesia Research Articles

Pengaruh Ketidakpastian Globalisasi Keuangan dan Investasi Asing Langsung Terhadap Pertumbuhan Ekonomi dengan Pendekatan Akuntansi Arus Dana di Indonesia Tahun 2019-2022

Economic growth is an important indicator that reflects changes in a country's economic conditions toward a better state. Using a cash flow accounting approach, this study examines the effect of uncertainty in financial globalization and foreign direct investment on economic growth in Indonesia from 2019 to 2022. Indonesia's economic growth has fluctuated significantly during the COVID-19 pandemic, with a sharp decline in 2020 and recovery in 2021 and 2022. Global uncertainty and international conflicts, such as the Russia-Ukraine war, have also affected the global and domestic economies. Partial Least Square (PLS) analysis techniques and secondary time series data are used in this study’s quantitative methodology. The findings indicate that while foreign direct investment has a positive and considerable impact on economic growth, financial globalization uncertainty has no discernible impact on Indonesia’s economic growth. These result highlight the role that foreign investment plays in stimulating economic growth as well as the necessity of enacting laws that promote an environment that is favorable to investment. The cash flow accounting method offers a more thorough view of how foreign direct investment affects the domestic economy.

VECM MODEL IN MEASURING THE IMPACT OF MONETARY POLICY INTERVENTION ON ECONOMIC GROWTH IN INDONESIA FROM 2009 TO 2022

This research was conducted to determine the short-term and long-term effects of inflation, exchange rates, interest rates, and the money supply on economic growth in Indonesia from 2009 to 2022 using the Vector Error Correction Model (VECM) method. The VECM method is used to analyze the interaction between these variables over different time horizons, offering valuable insights into their respective roles in influencing economic growth. The results show that in the short run, the exchange rate variable does not have a significant effect on the economic growth, while in the long run the interest rate variable has a positive impact on the economy with a negative coefficient value. The short run variable interest rates do not have significant effects on the growth of the economy, but in the longer run interest rates have an important effect on growth. In conclusion, the effect of exchange rates on the Indonesian economy is still a controversial research topic. The findings enhance the current literature on macroeconomic policy and provide a foundation for policymakers to design more effective economic strategies, especially in addressing the challenges posed by inflation and exchange rate volatility in both the short and long terms.

Pengaruh Zakat, Inflasi dan UMKM terhadap Pertumbuhan Ekonomi di Indonesia

Economic growth describes an increase in the standard of living as measured by real output per person. Economic growth is often associated with the process of increasing the production capacity of an economy which is manifested in the form of an increase in national income. In this study, this study uses a quantitative research type. Quantitative research is conducted by analyzing numbers that are measured and calculated using mathematical or statistical tools. Data in the form of numbers will be processed using mathematical or statistical tools to obtain information behind the numbers. The data used in this study were obtained from statistical reports from BPS, BAZNAS and the Ministry of Cooperatives and SMEs on the official websites of each institution. The results of this study found that zakat and MSMEs have an effect on economic growth in Indonesia, while inflation has no effect in this study.

The Effect of Capital Market and Public Savings on Indonesia's Economic Growth

The Effect of Capital Market and Public Savings on Indonesia's Economic Growth

The Impact of Digital Economy in Driving Economic Growth and Development in Indonesia

The digital economy has been proven to have a significant impact on economic growth and national development in Indonesia, and with effective management, the digital economy can become a key driver of economic growth in the future. This research aims to analyze the impact of digital economic transformation on Indonesia's economy, focusing on how digital technology can improve productivity, innovation, and market access for various sectors. Data were collected from various relevant sources, including journals, government reports, articles, and case studies. The qualitative method combined with the literature review and triangulation approach facilitated an in-depth understanding of the complex and evolving dynamics of digital economy in Indonesia. The study aimed to provide nuanced insights and actionable policy recommendations to support the sustainable development of the Indonesian digital economy. Through a comprehensive approach, this research could explore access to digital tools, funding, and training as critical elements for MSME success in the digital era.

Juridical Analysis of the Legal Protection of Workers / Laborers Against Termination of Employment That Is Not in Accordance with Law Number 6 of 2023 concerning Job Creation

Law No. 6 of 2023 on Job Creation aims to encourage economic growth in Indonesia, but it also brings significant changes to labor regulations, including the expansion of the reasons for Termination of Employment. This research aims to analyze legal protection for workers who are laid off not in accordance with the provisions of the law. In addition, this study seeks to understand the challenges of protecting workers' rights in the midst of increasingly complex labor dynamics. The approach used is a normative approach, analyzing various related regulations, especially the Job Creation Law and the Employment Law. This study also examines the theory of legal certainty, justice, and legal protection as an analytical framework. Using a case study approach, this study analyzes the case of unilateral termination of employment at PT BFI Finance as a concrete example to assess the application of legal provisions in practice. The research method used is normative legal research with secondary data, including primary, secondary, and tertiary legal materials. The results of the study show that the Job Creation Law provides a clearer legal framework regarding the layoff procedure and legitimate reasons. However, there are challenges in the implementation and enforcement of the law that need to be overcome, considering that there is still a gap between legal provisions and practices in the field that can be detrimental to workers' rights. The research recommendations include the need for more intensive socialization to workers and employers about the new provisions, as well as consistent law enforcement to protect workers' rights.

“Quo Vadis” The Regulation of Personal Vaporizer Policy in Indonesia

Indonesia is one of the global users of vape products, with a growing number of users driving the need for regulatory clarity regarding product legality. Previous studies have highlighted the negative health impacts of vape use; however, the vape industry has emerged as a potential driver of Indonesia's economic growth. Therefore, a multidimensional review of vape regulation in Indonesia is essential to shape policies based on various perspectives, such as the penta-helix model. This study aimed to analyze vape policies in Indonesia through a penta-helix approach. The findings indicated that vape product policies and standardization required integration among multiple stakeholders, including the Indonesian government, business actors, media, communities, and researchers. Before implementing vape-related regulations, the Indonesian government should engage stakeholders to align policies with the evolving vape industry landscape in Indonesia. Furthermore, regulatory implementation requires the support of other stakeholders to raise public awareness, ensuring compliance with the established regulations. Key areas needing public outreach include the minimum age for vape use, vape as a cessation tool for conventional cigarette users, legal marketing practices both offline and online, and penalties for non-compliance by sellers or buyers. Keywords: Penta-helix, policy, regulation, stakeholder, vape

Investigating The Nexus of Child Marriage and Economic Growth in Indonesia

The issue of ending child marriage attracts global attention, especially in developing countries. However, the link between married children and economic growth remains in question. The purpose of this article is to utilize regional macroeconomic indicators to quantify the association between child marriages and the Indonesian economy. The analysis shows a negative relationship between marriage at a young age and the economy using panel regression and simultaneous equations model. The results also demonstrate that marriage at an early age might decrease economic growth, as it has an undesirable effect on health and education. Therefore, this paper delivers a suggestion related to the policy strategies, primarily educational policies and health, that support the Indonesian Government in ending child marriage.

Qualitative Study of Sukuk as an Alternative Sharia Financing and Its Impact on Economic Growth in Indonesia

This study aims to explore the role of sukuk as an alternative form of sharia financing in promoting economic growth in Indonesia. The study employs a qualitative approach, utilizing a literature review and relevant data from credible sources, such as the recapitulation of the sharia stock index presented by the Indonesia Stock Exchange. Findings indicate that the role of sharia bonds, specifically sukuk, has experienced substantial growth in Indonesia between 2000 and 2024. Sukuk plays a critical role in enhancing the national economy and improving public welfare. The market has demonstrated a high level of responsiveness to sukuk issuance, with almost all issued sukuk being fully absorbed, often with demand exceeding supply. To harness the potential of sukuk for broader economic benefits, it is crucial to undertake strategic steps, including public awareness campaigns to educate the wider community about the benefits and opportunities provided by sukuk as a sharia-compliant investment instrument. Increasing public understanding of sukuk will further support sustainable economic development and financial inclusion in Indonesia.

Kontribusi Green Sukuk pada Implementasi Tujuan Pembangunan Keberlanjutan di Indonesia

The main goal of the Islamic financial industry is falah, which is always involved in matters beneficial to the community. The Islamic finance beginning to emphasize broader social responsibility issues, such as environmental concerns. To maintain economic sustainability and protect the environment, the world faces two challenges in an increasingly complex global era. Sukuk generally refers to a certificate that has the same value as a portion or the entirety of assets to obtain returns and services within the ownership of specific assets and projects or special investment activities. SDGs aim to reduce the impact of damage through the emphasis on achieving it through collaboration between countries and sectors. library research Sustainable development not only prioritizes economic growth but also how economic activities can ensure the healthy and non-excessive use of natural resources to achieve optimal results. However, there are several issues that hinder its implementation. In a situation like various factors that hinder sustainable economic growth in Indonesia.

IMPACT OF E-COMMERCE AND INTERNET USERS ON INDONESIA'S ECONOMIC GROWTH

Economic growth refers to the expansion of economic activities that enhance the production of goods and services, ultimately improving societal welfare. It serves as a crucial indicator for analyzing a country's economic development, typically measured by the change in Gross Domestic Product (GDP) between consecutive years. Various indicators can assess Indonesia's economic condition, with national income being a significant metric supported by accurate GDP data, categorized into current and constant prices. Over time, developments have transformed the Indonesian economy, with electronic media becoming increasingly prevalent. The rise of electronic media has facilitated broader and more effective transactions through e-commerce. Identifying the impact of these transactions is essential to understand their relationship with economic growth, which is vital for enhancing the welfare of Indonesia's population. Additionally, the growth of internet users significantly influences the economy. As internet user numbers rise annually amid digitalization, the government is expected to promote wider internet access across the nation. The internet allows individuals to access vital information for business, education, and recreation, contributing to economic growth. Thus, this research analyzes the impact of e-commerce transaction value and internet users on Indonesia's economic growth from 2013 to 2023, using quantitative secondary data and multiple regression analysis.

ENHANCING TUGU JAWA SOY SAUCE BRAND VISIBILITY THROUGH PRODUCT PHOTOGRAPHY

The MSME sector is able to contribute to economic growth in Indonesia. Jawa Sehati Mulia is an MSME which operates in the field of producing soy sauce made from local black soybeans with several product variants including sweet soy sauce, spicy soy sauce, barbeque soy sauce, etc. Based on the situation analysis, several problems were found, including those related to marketing management aspects related to marketing using digital platforms. There are still limited marketing media that support digital marketing, including product photography, e-catalogs and social media content. Community service with this MSME scheme aims to increase HR capacity in marketing promotions including product photography, designing e-catalogs and social media content. In this community service activity, the service team provides intensive counseling and assistance to partners related to marketing aspects. Service partners will be trained to prepare marketing content which will later be implemented on various digital platforms. This community service is very important to help soy sauce industry increase their production capacity, as well as market and distribute services through digital channels. It is hoped that carrying out these community service activities can help MSMEs become more productive.The academic output produced through this activity is that students involved in this community service activity can apply the knowledge gained in lectures to be implemented with partners. Apart from that, students also get direct experience when engaging and interacting with service partner community groups. Lecturers can also contribute to society based on the results of previous research. Meanwhile, the expected outcome of partner empowerment through this activity is that partners will gain insight so that they have the ability to implement marketing strategies in an effort to optimize the marketing of products managed by partners. In this way, it is hoped that this program can make independent partners economically sustainable.

Study of Financial Digitalization for the Sharia Economy

This research discusses the urgency or importance and potential that can be explored from the study of financial digitalization for the sharia economy. Digitalization of sharia economic finance is very important in the digital economic era as an effort to increase public awareness and participation in the sharia financial system, as well as increasing sharia economic growth in Indonesia, where information and communication technology has become the main means of developing the sharia economy. The urgency of studying financial digitalization for the sharia economy lies in the ability of digital technology to increase access to sharia finance and increase public awareness about the importance of the sharia financial system. This research also shows that digitizing Islamic economic finance can help increase financial inclusion, as well as increase people's ability to manage their finances effectively. The method used in this research is a qualitative method, where this research method is supported by secondary data sourced from scientific writings both from journals, digital literature, books and articles published by mass media related to the research topic discussed so that it can then explain what the answer is to the problem formulation in this research. This research shows that the study of financial digitalization for the sharia economy is very important to increase public awareness and participation in the sharia financial system, as well as increasing sharia economic growth in Indonesia

Tax System Optimization: A Comparative Analysis Between Personal Income Tax and Corporate Income Tax in Indonesia

This study adopts a qualitative approach to analyze the comparison between Personal Income Tax (PPh) and Corporate Income Tax (PPh Corporate) in Indonesia. Through literature studies and observations, this study explores the tariff structure, tax relief, and tax compliance level of the two tax systems. The economic implications of the implementation of Income Tax and Corporate Income Tax on economic growth, investment, and income distribution were also discussed. The findings show that tax reform, as stated in the Law on Harmonization of Tax Regulations (UU HPP), has a significant impact in improving the effectiveness and fairness of the tax system. The results of this study provide in-depth insights into the importance of appropriate tax policies to support inclusive and sustainable economic growth in Indonesia.

Analisis Pengaruh Ekspor dan Impor Terhadap Pertumbuhan Ekonomi Pendekatan Akuntansi Arus Dana yang Dimediasi Foreign Direct Investment di Indonesia Tahun 2019-2021

The purpose of this study was to determine and examine the effect of exports and imports before, during, and after the covid-19 outbreak on economic growth with an accounting approach to foreign direct investment mediated fund flows in indonesia. Quantitative approach with PLS analysis technique is used in this study. Secondary Data obtained from various official websites were used in this study. This study provides the results that exports and imports have a positive and significant influence on economic growth with the approach of accounting for the flow of funds mediated by foreign direct investment in Indonesia. This implies that exports and imports have an important role in economic growth approach to accounting for the flow of funds. Foreign direct investment plays an active role in mediating the relationship between exports and imports to economic growth. The declining value of exports, imports, and foreign direct investment during the pandemic also affected the decline in economic growth in Indonesia. Export activity needs to be increased so that economic growth also increases. Likewise with import activities, although imports are excessive trade balance deficit, imports also have some positive influence on economic growth such as by importing can meet domestic needs and open opportunities to attract investors to invest. For this reason, imports need to be controlled so that economic growth continues to increase.

Analisis Pengaruh Keterbukaan Ekonomi Terhadap Pertumbuhan Ekonomi di Indonesia

This research aims to determine and analyze the influence of economic openness on economic growth in Indonesia. This research uses time series data from 1993-2023 sourced from the Central Statistics Agency, Bank Indonesia, Bank International For Settlements, and World Bank. The results of the study reveal that (1) trade openness has a negative and significant effect on economic growth in Indonesia, (2) Foreign Investment and the real exchange rate have a positive effect, (3) The real exchange rate has a negative and insignificant effect on economic growth in Indonesia.

The Effect of Cities and Ports on Economic Growth in Indonesia : The Mediating Role of Containerization

The Effect of Cities and Ports on Economic Growth in Indonesia : The Mediating Role of Containerization

Analysis of the Influence of Direct Investment and Labor on Economic Growth in Indonesia

This study aims to analyze the effect of investment and labor on economic growth in Indonesia. One of the factors that affects economic growth is foreign direct investment (FDI). In addition to FDI, labor also plays an important role in economic growth. This study uses secondary data in the form of a thirteen-year time series from 2010-2023, namely with direct investment variables (X1) and Labor (X2). The analysis method used is quantitative, using Multiple Linear Analysis Techniques with the help of the E-Views 9 program. The results of this study indicate that direct investment and labor variables have a significant positive impact on economic growth in Indonesia.

Analysis of Zakat as an Alternative Fiscal Instrument in Supporting Economic Development in Indonesia

This study explores the potential of zakat as an alternative fiscal instrument in supporting economic development in Indonesia. Zakat, a mandatory charitable contribution in Islam, has the ability to address poverty, reduce income inequality, and contribute to economic growth. Using a quantitative approach, data were collected from 80 respondents, including zakat payers, recipients, and administrators, through a Likert-scale survey. The data were analyzed using SPSS version 26 to evaluate the impact of zakat distribution efficiency and utilization on poverty reduction and economic development. The results demonstrate that both zakat distribution efficiency and utilization significantly contribute to poverty reduction and economic development, supporting the hypothesis that zakat can play a crucial role as a fiscal tool. The study's findings suggest that improving zakat management practices and aligning zakat utilization with long-term development goals could enhance its impact on Indonesia's economic growth.

Analysis of the Effect of Sharia Financing, Non-Profit Finance (NPF) and Human Development Index (HDI) Through Investment and Consumption on Economic Growth in Indonesia

This study is motivated by the phenomenon of the development of economic growth in Indonesia over the past fifteen years experienced fluctuations and the development of Islamic financing that helps the community in increasing its economic activities in consumption and production, as well as people's choices in choosing Islamic financing due to increased public awareness in Sharia transactions, as well as the encouragement of Sharia trends in Indonesia that increase investment and consumption in Indonesia. For this reason, academically, the researchers tried to parse it by analyzing the influence of Sharia financing, NPF and HDI through investment and consumption on economic growth in Indonesia. This study uses a quantitative type of research, with data sources in the form of secondary data in the form of time series data, namely 15 years in Indonesia in the period 2009-2023. in this study the approach to processing using Path Analysis model as multiple data regression model with the help of SPSS Software. The results of this study indicate that Islamic finance, NPF and HDI have a positive and significant effect on investment and only Islamic finance is significant for consumption and economic growth. While NPF and HDI have a positive and insignificant effect on consumption and economic growth. However, Sharia financing, NPF and HDI through investment and consumption have a positive and significant effect on economic growth in Indonesia. Keywords: Economic Growth, Islamic Financing, NPF, HDI, Investment, Consumption