Economic Growth In Indonesia Research Articles

Do foreign investment, human development index, labor, and poverty influence economic growth in Indonesia?

Economic growth is one of the primary indicators of a country's success in improving the welfare of its people. In Indonesia, the dynamics of economic growth are highly complex and intriguing to study. This research aims to assess the impact of foreign investment, the human development index, labor, and poverty levels on economic growth in Indonesia. The method employed is a quantitative approach using data from 34 provinces in Indonesia between 2020 and 2022, obtained from the official BPS website. The analysis was conducted using panel data. The findings, using the FEM approach, indicate that individually, foreign investment, the human development index, and labor positively contribute to economic growth, while poverty does not have a significant impact. Overall, foreign investment, the human development index, labor, and poverty collectively influence economic growth in Indonesia. Therefore, the government should enhance economic growth by increasing foreign investment through stable policies, investing in education and healthcare, and ensuring a skilled workforce that meets market demand.

Financial and digital financial literacy through social media use towards financial inclusion among batik small enterprises in Indonesia

Batik, an Indonesian textile art form, holds immense economic and cultural importance. Small and medium enterprises (SMEs) specialising in batik play a crucial role in Indonesia's economic growth and cultural preservation, contributing significantly to the gross domestic product (GDP) and preserving the nation's heritage. Nevertheless, these enterprises face several challenges, such as slow growth and limited access to credit. The batik industry also lags in financial literacy and the adoption of digital marketing strategies, hindering its development. This quantitative study aims to investigate the relationship between financial literacy, digital financial literacy, and financial inclusion in batik SMEs and also examined the moderating effect of online social networks. A survey was conducted involving 535 managers, owners, and financial officers of small batik enterprises. Subsequently, the SmartPLS statistical analysis method was employed for data analysis. The results demonstrate that financial literacy and digital financial literacy play a significant role in accessing financial inclusion for batik small enterprises. Moreover, the utilisation of social media was found to moderate these relationships, amplifying the impact of financial and digital literacy on financial inclusion. The findings contribute to the existing knowledge, provide insights for enhancing batik small enterprises, and propose a digital financial model to promote financial inclusion.

Pengaruh Payment Gateway dan Literasi Keuangan Terhadap Kinerja Keuangan Pada Pelaku UMKM di Kelurahan Kebonsari

MSMEs have an important contribution to Indonesia's economic growth by creating extensive employment opportunities and supporting a more equal distribution of income in society. This research aims to identify the impact of payment gateways and financial literacy on the level of financial performance of MSME players. This research applies an associative design and quantitative methods. Data collection was carried out by distributing questionnaires to MSMEs in Kebonsari Village. The results of this research show that both payment gateway (X1) and financial literacy (X2) have a positive and significant influence on the financial performance (Y) of MSMEs in Kebonsari Village.

DETERMINASI PENERIMAAN DANA KREDIT PADA UMKM DI KECAMATAN KARAWANG TIMUR

Indonesia's economic growth raises various challenges that must be faced by MSME workers. The majority of challenges faced by MSMEs are related to a lack of capital to develop their business, so they require financial support from financial institutions. The aim of this research is to find out whether the implementation of SAK EMKM, socialization of SAK EMKM, business size, and perceived usefulness have an influence on the receipt of credit funds. The method applied in the research is a quantitative approach. The population studied consisted of 3,157 MSMEs in East Karawang. The sample was selected purposively with 97 respondents who met certain criteria. The respondents who were the research subjects were MSMEs in East Karawang District, Karawang Regency. Data analysis was carried out using Partial Least Square Structural Equation Modeling (PLS-SEM) with the help of SmartPLS version 4.0. The model analyzed includes measurement and structural aspects, as well as hypothesis testing. The research results show that the implementation of SAK EMKM, business size, and perceived usefulness have a significant influence on the receipt of credit funds. However, the socialization of SAK EMKM has no influence on the receipt of credit funds for MSMEs.

Causality of Environmental Degradation and Economic Growth in Indonesia

Nowdays, the issue of global warming is being widely discussed in all countries, both developed and developing countries, because of its negative impact on the environment. This study aims to develop an integrated analytical framework of causality between energy consumption, carbon emissions, financial development, trade openness, and economic growth in Indonesia, 1990-2021. This study provides research benefits in the form of a set of empirical evidence to assist in developing a series of key strategies that can improve environmental quality through sustainable development. With granger causality analysis and vector autoregression model, this study provides results that high economic growth and energy consumption can cause environmental degradation through increased carbon gas emissions.

Evaluating Community Welfare Effects of the Tourism Development on Geopark Caldera Toba

Tourism is one of the economic support systems that encourage economic growth in Indonesia. Indonesia as a country with good tourist attractions has enormous potential in creating jobs. The greater the employment opportunities, the lower the unemployment rate. The purpose of this study was to analyze whether tourism development has a positive and significant effect on economic activity to improve Community Welfare in the Lake Toba area. With variables consisting of 3 elements Variables consisting of indicators, namely: independent variables of tourism development (X) with indicators: policy (X1), institutions (X2), human resources (X3), facilities and infrastructure (X4), budget (X5), environment (X6), security (X7), social (X8), culture (X9), tourist attractions (X10), investment (X11), licensing (X12), promotion (X13), system (X14), tourists (X15). intervening variables/variables between economic impacts (Z) with indicators: economic growth (Z1), income (Z2), equity (Z3), poverty reduction (Z4), unemployment reduction (Z5). The dependent variable is community welfare (Y) with indicators: income equality (Y1), health (Y2), education (Y3), information (Y4), consumption expenditure (Y5). While the research method model used is the SmartPLS approach The number of samples is 351. Karo Regency, Simalungun Regency, North Tapanuli Regency, Pakpak Bharat Regency, Dairi Regency, Humbang Hasundutan Regency, Toba Regency, Samosir Regency. Economic impact has a positive but insignificant effect on community welfare. The results of the research on the analysis of the economic impact of integrated tourism development in the Lake Toba area on the welfare of the Lake Toba area community in North Sumatra Province can contribute to local government, central government, business people, tourists and the community. local government and central government can review policies or decisions that are less effective in increasing community income.

MSMEs and Rural Prosperity: A Study of their Influence in Indonesian Agriculture and Rural Economy

This research delves into the influence of Micro, Small and Medium Enterprises (MSMEs) on the progression of agriculture and the rural economy in Indonesia. MSMEs hold a pivotal position in the Indonesian economy, significantly contributing to job creation and economic expansion. Despite this, their potential to stimulate agricultural growth and enhance the rural economy remains largely uncharted. The investigation of this study centers on the mutual relationship between MSMEs and the agricultural sector. It emphasizes how MSMEs can instigate innovation, augment productivity, and pave the way for rural farmers to access markets. The study also scrutinizes the part MSMEs play in rural development by evaluating their role in boosting income, mitigating poverty, and empowering socio-economic aspects in rural regions. Furthermore, this study identifies the obstacles MSMEs encounter in their contribution to agricultural and rural economic development. These challenges include access to finance, technology, and a complex workforce. The report puts forth policy recommendations to surmount these hurdles and tap into the potential of MSMEs for the advancement of agriculture and rural economic growth in Indonesia. The study enriches the literature on MSMEs, agricultural development, and rural economics. It offers valuable insights for policymakers, practitioners, and researchers who are keen on promoting sustainable development in Indonesia. The findings of this research underscore the necessity of fortifying MSMEs to attain agricultural development and rural economic prosperity in Indonesia.

Indonesia's Diplomatic Strategy in Optimizing the Potential of the Internet of Things (IoT) on the Global Digital Economy Map

This article aims to analyze Indonesia's diplomatic strategy in optimizing the potential of the internet of things on the global digital economy map. To this end, researchers elaborated on Indonesia's diplomatic strategy in optimizing the potential of the internet of things on the global digital economy map as a diplomatic tool in improving economic relations with other countries, implementing challenges. Researchers use qualitative methods by collecting literature studies, documentation studies, and internet searches. The results of this study found that the use of the Internet of Things (IoT) in global economic mapping greatly affects economic growth in Indonesia, especially with the Nongsa Park project that allows all to be well integrated, and this project can also attract many investors to invest in the project

The Impact of Income Inequality, Human Development, Gender Development and Open Unemployment on Economic Growth in Indonesia

Good economic growth reflects equitable income distribution and high labour absorption, leading to job creation. Addressing economic development is a government priority in Indonesia to tackle poverty, inequality, income disparity, and unemployment. This study investigates the impacts of income inequality, human development, gender development, and open unemployment on economic growth in Indonesia using panel data regression from 34 provinces (2015-2022). Data on income inequality, the human development index, the gender development index, and the open unemployment rate are from the Central Bureau of Statistics Indonesia, while economic growth data are from the SIMREG Bappenas. The results indicate that the fixed effects model is optimal. Income inequality, the human development index, and the open unemployment rate negatively and significantly affect economic growth, while the gender development index has a positive and significant effect. This study proposes that the Indonesian government should consider implementing measures to reduce income inequality through taxation policies and enhance education, healthcare, and infrastructure in remote areas.

The Impact of Infrastructure Development, Education, Tourism, and Agriculture on Regional Economic Growth in Indonesia

The Impact of Infrastructure Development, Education, Tourism, and Agriculture on Regional Economic Growth in Indonesia

Regional Tax and Economic Growth in Indonesia

Regional Tax and Economic Growth in Indonesia

Analysing the Effect of Climate Change and Green Stocks on Economic Growth: Evidence from Indonesia and Malaysia

Contemporary economic growth shows a direct correlation between energy consumption and productivity. As economic development and technological advancements enhance living standards, the demand for natural resources and energy has concomitantly increased. This investigation examines the impact of climate change and green stocks on economic growth and the causal relationships among these variables in Indonesia and Malaysia over short- and long-term periods. Climate change has resulted in a downward trend in economic growth fluctuations, underscoring the necessity for green finance to mitigate the effects of climate change. The study employs the Autoregressive Distributed Lag (ARDL) model and Granger Causality test, analysing data on carbon emissions, green stocks, and gross domestic product from 2016-2022 (quarterly). The findings indicate that, in the short term, only green stocks positively influence economic growth in Indonesia and Malaysia. In the long run, climate change and green stocks positively affect economic growth in these countries. Economic growth demonstrates a unidirectional causal relationship with climate change, whereas climate change exhibits a unidirectional causal relationship with green stocks. This implies that green stock can mitigate climate change risks in Indonesia and Malaysia. It is recommended that the central bank consider implementing an environmentally sustainable financial system to promote economic growth.

Determinan Profitabilitas pada Bank Konvensional di Indonesia

Increased economic growth in Indonesia is not always accompanied by increased profitability in the banking sector in Indonesia, this can be caused by various factors. This survey aims to provide the effect of non-performing financing, liquidity, and BOPO on profitability. The sample of this study is 204 data points from 72 conventional banks listed on the IDX and official banking websites during the period 2020 - 2022, through the purposive sampling method. Descriptive with a quantitative approach is the type of method used. Multiple linear regression analysis using the test tool, SPSS 18, is a technique that is applied in analysis. This study’s findings suggest that partially the LDR variable shows a positive as well as significant effect on profitability in conventional banks in Indonesia. Meanwhile, partially the NPL and BOPO variables shows a negative as well as significant effect for profitability in conventional banks in Indonesia. The effect of independent variables, according to the coefficient of determination of 82.8% can affect ROA, while the other 17.2% is influenced variables outside the research model.

Geographically Weighted Lasso Method in Modeling the Gross Regional Domestic Product of the Bali-Nusra Region

Indonesia's Central Bureau of Statistics announced that economic growth in 2020 is still in the negative zone, and the group of provinces in the Bali-Nusra region has the most negligible impact on economic growth. The value of Gross Regional Domestic Product (GRDP) measures Indonesia's economic growth. GRDP is the total added value all regional business units generate at a particular time. This research aims to apply and interpret the results of the Geographically Weighted Lasso (GWL) method for GRDP in the Bali-Nusra region. The GWL method further develops the Geographically Weighted Regression (GWR) approach by adding the Least Absolute Shrinkage and Selection Operator (LASSO) method. The GWL method simultaneously selects insignificant variables by reducing the value of the regression coefficient to zero using the LASSO method. The data used has the effect of spatial heterogeneity and multicollinearity, a prerequisite for modeling with the GWL method. Based on the analysis conducted, there are 41 different GRDP models for each district/city in the Bali-Nusra region. The resulting GWL model provides a coefficient of determination of 95.84 % so that the resulting model can be used and is considered valid.

Prospects of the development of the halal products industry towards Indonesia's economic growth

By being crowned as the largest Muslim population in the world, Indonesia actually has no small potential for the development of the halal and sharia industry. It can also be seen where the global trade business is currently, halal products are dominating. However, the potential for the development of the Indonesian halal industry has not been matched by good achievements at the global or international level. However, this is not an obstacle for Indonesia's development to advance a country's economy. Halal products are rahmatan lil alamin for those who use, consume, and those involved in them. This can make Indonesia play an important role in the development of the halal product industry, considering the large number of Muslim communities in Indonesia. With encouragement, government support, and hard work to revive the halal product industry in Indonesia, we can grow the domestic halal product industry. So this requires the right strategy for the development of the Indonesian halal product industry.

Perlindungan Hukum Terhadap Investor Dalam Kegiatan Investasi Digital Di Indonesia

The purpose of this research is to determine the legal protection for investors in digital investment activities in Indonesia, namely Law No. 8 of 1999 concerning Consumer Protection, Law No. 25 of 2007 concerning Capital Investment, Law No. 11 of 2008 concerning Information and Electronic Transactions (ITE), and BAPPETI Regulation No. 7 of 2022 concerning Determining the List of Crypto Assets That Can Be Traded. This research uses a type of empirical normative research. The study results and discussion of digital investment, such as cryptocurrency, create a legal relationship between investors and traders with rights and obligations regulated by CoFTRA regulations and the Currency Law. Investors have the right to clear information, benefits, and are obliged to understand risks and regulations. Traders are entitled to compensation and must provide information and protect investors' assets. The Investment Law and other rules protect investors, including the Consumer Protection Law and the Information and Electronic Transaction Law. This protection is essential to ensure investor safety from online investment risks, including illegal investments. The strategies to provide legal protection for investors are education, strengthening regulations and supervision, and implementing the precautionary principle. Law enforcement is also essential, including dispute resolution, criminal prosecution, and compensation. Firm and effective law enforcement can help prevent and eradicate illegal investment practices, protect, build trust and security, and encourage digital economic growth in Indonesia.

PENGARUH PERKEMBANGAN UMKM, TINGKAT PENGANGGURAN DAN INFLASI TERHADAP PERTUMBUHAN EKONOMI DI INDONESIA

This study aims to analyze the effect of Micro, Small, and Medium Enterprises (MSMEs), inflation rate, and unemployment rate on economic growth in Indonesia using a linear regression model that provides a deeper understanding of the role of MSMEs, inflation, and unemployment in driving economic growth in Indonesia. The results of this study can be used to formulate appropriate policies to support MSMEs, control inflation, address unemployment, and ultimately achieve sustainable and inclusive economic growth in Indonesia. The data used in this study covers a specific time period and comes from various sources, including national economic statistics, MSME data, inflation index, and employment data. The results of the analysis show a significant relationship between the MSME variable and economic growth, suggesting that rapid MSME growth can have a negative impact on overall economic growth. Meanwhile, the Inflation variable indicates that a controlled inflation rate can contribute positively to economic growth. The Unemployment variable, indicates that high levels of unemployment can be detrimental to economic growth. Nonetheless, this study has limitations, including data limitations and regression model assumptions. The global economic context and other external factors may also affect the results of the analysis. Therefore, the regression results should be understood in a broader context.

Fiscal Policy, Monetary Policy and Economic Growth in Indonesia

Fiscal Policy, Monetary Policy and Economic Growth in Indonesia

Kebijakan Perlindungan Data Pribadi Dalam Menanggulangi Kejahatan Lintas Negara di Era Ekonomi Digital

The Digital Economy Era as a driver of economic growth in Indonesia has penetrated almost all aspects of life. The rapid development of the digital economy has the potential to create risks and challenges in the future. The widespread use of digital technology in electronic transactions has made information no longer limited as a medium for transactions and communication, but rather a source of profit in the economy. Personal data information is not always used correctly, and can even be misused by irresponsible parties. Facing this, the importance of protecting personal data in electronic transactions, by strengthening a digital- based security system to mitigate the risk of crime in the digital economy era.

Tourism, Information Communication and Technology, Renewable Energy Consumption, Economic Growth and CO2 Emissions in Indonesia

Tourism, Information Communication and Technology, Renewable Energy Consumption, Economic Growth and CO2 Emissions in Indonesia