Economic Growth In Indonesia Research Articles

Sustainable Development in Indonesia: A Study of Energy Consumption, CO2 Emissions, FDI, and Gross Capital Formation

The purpose of this study is to examine how the consumption of renewable and nonrenewable energy, CO2 emissions, FDI, and gross capital formation affect the GDP per capita in the case of Indonesia. This study employs cointegration and ARDL to estimate the short and long-run coefficient which is preceded by ADF and PP unit root test using the annual time series data from 1960 to 2021. The result of the estimation shows that in the long run non-renewable energy consumption, CO2 emission, and FDI impact the economic growth of Indonesia directly. Meanwhile, in the short run, the estimation result reveals that non-renewable energy and FDI are positive and statistically significantly affected the economic growth of Indonesia. Renewable energy hasn't yet been found to have a substantial impact on Indonesia's economic growth. This research offers novel perspectives on how nonrenewable and renewable energy consumption, CO2 emissions, and FDI impact the economic growth. The findings provide valuable implications for Indonesia to develop long-term policies that can enhance the positive effects of energy consumption and CO2 emissions on economic growth in the future. The involvement of FDI in the model also become the novelty of this study to examine the impact of FDI to economic growth.

Opportunities and Challenges: Adopting “Blue-Green Economy” Terms to Achieve SDGs

Sustainable development and the blue-green economy are intimately linked and collaborate. Like other nations, Indonesia follows Blue-Green economic principles to reach the Sustainable Development Goals (SDGs). This study intends to investigate Indonesia's capacity and challenges in achieving the Sustainable Development Goals (SDGs) through implementing the Blue-Green economic concept and suggest solutions to address these barriers. Indonesia has adopted a substantial approach to attain sustainable development objectives by implementing a blue-green economic policy. This is primarily due to the country's status as a growing archipelago with a heightened susceptibility to natural disasters that affect all facets of society, the economy, and advancement. Indonesia is crucial in the global geopolitical scene because of its plentiful, untapped maritime resources. Implementing the Blue Economy in Indonesia offers a great chance to accomplish the 17 Sustainable Development Goals. Prior studies focused solely on the blue or green economy and strategies for attaining sustainable development goals in Indonesia. This research is innovative as it integrates the blue-green economic idea. The study discovered that obstacles can be surmounted by implementing solutions to address legislative, governance, legal, and economic challenges. Efficiently developing the public sector is crucial. This involves applying technology advancements, managing information effectively, coordinating with stakeholders, seeking international collaborations, and adopting global best practices. It aims to determine how sustainable development indicators, specifically in Indonesia, impact economic growth indicators such as gross domestic product. Time series analysis is utilized to depict the relationship between variables. The ARDL model research shows a long-term equilibrium relationship between different measures of sustainable development and economic growth in Indonesia. Indicators of sustainable development have been seen to influence economic growth in Iraq. The analysis demonstrates that sustainable development has fueled economic growth in Indonesia from 2014 to 2024.

Optimizing Tax Revenue on the Development of E-Commerce in the Digital Economy Era in Indonesia

The development of e-commerce in Indonesia has become one of the main drivers of economic growth in the digital era. However, the challenges faced in optimizing tax revenues from this sector require the right strategy. This article uses a qualitative approach to explore the challenges and solutions in optimizing tax revenues for the development of e-commerce in the digital economy era in Indonesia. Through a qualitative research approach and literature study research methods, the research results show thatThe development of e-commerce in Indonesia has had a positive impact in terms of increasing tax revenues and a negative impact in terms of tax system regulations.The main challenges include regulatory discrepancies between countries, ineffective implementation of tax technology, and the need to increase awareness and compliance of taxpayers. This challenge can be overcome by developing consistent regulations, implementing information technology, and educating taxpayers. With this research, it is hoped that tax revenues from the e-commerce sector in Indonesia can be optimized and make a significant contribution to national economic growth in Indonesia.

Testing of The Insulation Resistance and Turns Test Ratio (TTR) of The Distribution Transformers at PT PLN (Pesero) UP3 Sidoarjo

Electricity plays a vital role in human life and the economic growth of Indonesia. Therefore, a reliable electrical transmission and distribution system is essential. Transformers, especially in an industrial context, play a key role in power supply. Transformer maintenance is a critical step in maintaining a stable flow of electricity. This study adopts the Research and Development (R&D) method and focuses on measuring insulation resistance and voltage ratios in the context of transformer maintenance. The research was conducted at the Pole Transformer Substation (GTT) in P. Melati, Sidoarjo Regency, East Java, starting in August 2023. The research variables involve measuring the insulation resistance referring to IEC standards and measuring the voltage ratio to ensure proper transformer performance. The test results indicate that the insulation resistance in the transformer, both on the primary and secondary sides, meets the standards, demonstrating that the transformer functions well and safely. Voltage ratio measurements closely approximate theoretical calculations and fall within a tolerance of ± 0.5%. This study underscores the importance of transformer maintenance in maintaining a stable flow of electricity. Proper maintenance will prevent disruptions that can be detrimental, such as current leakage or short circuits. With good maintenance, the continuity of a reliable and safe electricity distribution service for consumers can be ensured.

Organizational Support and Career Development on Organizational Commitment: A Study in the Financial Services Industry in Indonesia


 This study investigates the interplay between organizational support, career development, and organizational commitment within the financial services industry in Indonesia. The research aims to shed light on how these factors influence employee engagement and retention in a rapidly evolving sector crucial to Indonesia's economic growth. Using a quantitative approach and Partial Least Squares Structural Equation Modeling (PLS-SEM), data was collected from employees across various roles in financial organizations. The analysis revealed significant positive relationships between organizational support and organizational commitment, career development and organizational commitment, as well as the sequential effect of organizational support on career development, leading to organizational commitment. These findings highlight the importance of fostering supportive environments and providing growth opportunities to enhance organizational commitment. The study suggests that prioritizing initiatives that promote organizational support and career development can lead to a more engaged and committed workforce, ultimately improving organizational performance and competitiveness in the financial services sector in Indonesia.

Analisis Disparitas Gender Terhadap Pertumbuhan Ekonomi Indonesia

In developing economy, qualified human resources are needed, but gender inequality is a problem that must occur in every country so that the Government must make several efforts to equalize between genders, especially in the fields of health, education, and decent living standards. The aims of this research is to compare the gap between gender inequality that occurs and its impact on economic growth in Indonesia. The data used in this study are data sourced from BPS in 2017 to 2022 and processed using EViews 12 with panel data regression data analysis. This study found that female & male AHH (X1) had a positive and insignificant effect on economic growth (Y), male & female RLS (X2) had a negative and significant effect on economic growth (Y), and male PLP (X3) had a positive but insignificant effect and female PLP (X3) had no but significant effect on economic growth (Y) in Indonesia.

Analisis Pengaruh E-Money, Jumlah Uang Beredar, Kurs dan Inflasi terhadap Pertumbuhan Ekonomi

This study aims to determine and analyze the effect of -E, money, money supply, exchange rate and inflation on economic growth in Indonesia. This study uses quantitative research methods with associative research. This study uses annual secondary data starting from August 2018 to March 2022. The population in this study is the entire growth of BPS and BI data for each variable, namely e-money from 2018-2022, money supply from 2018-2022, exchange rates and inflation from 2018-2022, and the samples in the study used the Purposive Sampling Method, namely taking samples with certain criteria. The sample in this research is 100 samples. The type of data used in this research is secondary data which is time series data in monthly intervals with the respective units of measure. JUB has a positive and significant effect on economic growth in Indonesia. Exchange rates have a positive and significant effect on economic growth in Indonesia. Inflation has a negative and significant effect on economic growth in Indonesia.

Otonomi Daerah dan Pertumbuhan Ekonomi di Indonesia: Literature Review

This article aims to conduct a literature review regarding the relationship between regional autonomy and economic growth in Indonesia. Through searching the literature from several sources, this article finds that there is debate about whether regional autonomy can accelerate or inhibit economic growth. However, the majority of studies show that regional autonomy has a positive impact on economic growth, especially when local governments are able to manage resources effectively and efficiently and have a significant influence on economic growth in Indonesia. Therefore, efforts are needed to improve the quality of human resources and infrastructure in the regions, so as to increase the effectiveness of the management of existing resources.

KONTRIBUSI INFRASTRUKTUR DALAM MENDORONG PERTUMBUHAN EKONOMI INKLUSIF DI INDONESIA

Poverty, unemployment and inequality are still crucial problems in Indonesia, but they can be resolved through inclusive economic growth. Inclusive economic growth includes equity, equality of opportunity, and protection in market and employment transitions. One factor that can influence inclusive economic growth is infrastructure development. This research aims to analyze the influence of road, electricity, water and telecommunications infrastructure on inclusive economic growth in 34 provinces in Indonesia. Testing was carried out in 34 provinces in Indonesia in the 2015-2021 research year. This research uses a quantitative approach and panel data regression analysis using the Random Effect Model (REM) approach using Eviews 12 software.The results of this research show that road and electricity infrastructure have an insignificant and negative effect, and water and telecommunications infrastructure have a significant and positive effect on inclusive economic growth in Indonesia. Simultaneously, road, electricity, water and telecommunications infrastructure have a significant impact on inclusive economic growth. The implication of this research is that further research is needed regarding the influence of infrastructure on inclusive economic growth in Indonesia and the government needs to develop good quality infrastructure that is evenly distributed throughout all regions in Indonesia, so that inclusive economic growth can be achieved

Pengaruh Pembangunan Infrastruktur Terhadap Pertumbuhan Ekonomi di Indonesia

In sustainable economic development, good infrastructure development is needed so that people's needs are met. Judging from the economic growth rate of GRDP at constant prices according to fluctuating expenditure. This study aims to identify the effect of infrastructure development on economic growth in Indonesia. With the Panel Least Squares (PLS) method then proceed with the classical assumption test, with a panel regression model. Research on 34 provinces in Indonesia with a span of 10 years. The results of the study show that road infrastructure has a negative and insignificant effect on economic growth in Indonesia. Electricity Infrastructure has a positive and significant effect on Economic Growth in Indonesia. Telephone Infrastructure has a positive and significant effect on Economic Growth in Indonesia. Clean Water Infrastructure has a positive and significant effect on Economic Growth in Indonesia. It can be concluded that infrastructure development is very important for the development of a country. From the results of this study it is suggested to the government to pay more attention to empowerment policies that can support this. so as to achieve economic growth.

Analysis of the Influence of Macro Economic Factors on the Financial Performance of the Nadira Fashion Company in Randugunting Village, Bergas District, Semarang Regency

This study investigates the relationship between macroeconomic factors and the financial performance of Nadira Fashion Company, located in Randugunting village, Bergas subdistrict, Semarang district. As a fundamental social necessity, clothing is intricately linked to daily life, with fashion trends evolving continually in the modern era. Despite its prominence, the fashion industry faces challenges influenced by macroeconomic conditions that impact company performance and value. Through path analysis utilizing data from banking financial reports and Indonesia's economic growth reports for 2021-2022, this research explores the impact of macroeconomic variables such as economic growth, inflation, interest rates, exchange rates, and government policies on Nadira Fashion Company's financial performance. The findings reveal that while fundamental macroeconomic factors may not significantly influence Nadira Fashion Company's financial performance or value, the company's internal financial metrics, notably profitability measured by return on equity (ROE), demonstrate a substantial positive correlation with company value. These results highlight the importance of considering company-specific factors alongside macroeconomic variables in assessing financial performance and value in the fashion industry. The study provides valuable insights for investors, policymakers, and business managers, aiding in strategic decision-making and risk management. Ultimately, by understanding the interplay between macroeconomic conditions and company dynamics, stakeholders can navigate challenges effectively and capitalize on opportunities for sustainable growth in the fashion sector.

Ancaman resesi global pasca pandemi COVID-19 dan dampaknya terhadap ketahanan konsumen di Indonesia: Pendekatan analisis sintesis

The COVID-19 pandemic has significantly impacted economic and consumer resilience in Indonesia, especially in facing the threat of a global recession. This research explores the relationship between the threat of a post-COVID-19 recession and consumer resilience. Through a qualitative approach with a literature study type and a synthetic analysis approach, this research analyzes 15 scientific works from 2007-2022 obtained from the Google Scholar database. The main findings include the potential threat of recession as indicated by the performance of high inflation reducing consumer purchasing power, declining economic growth in Indonesia -3.49% in 2020, and rising food prices triggering panic buying. Optimistic individual characteristics, adaptability, and financial literacy demonstrate consumer resilience. Preventive and collaborative strategies between government, business, and society are crucial to building strong consumer resilience.

Sosialisasi Legalitas Usaha MIkro Kecil dan Menengah Dengan Pembuatan Nomor Induk Berusaha di Desa Sukomakmur Magelang

Micro, small and medium enterprises (MSMEs) have an important role in economic growth in Indonesia, especially in rural areas. However, many MSMEs have difficulty advancing their businesses because there is still a lack of information in rural areas. This village community empowerment activity aims to support the economy of the Sukomakmur Village community, especially for MSMEs in Sukomakmur Village. The efforts made by the author are by assisting in making the NIB. Activities are carried out from July to August. The assistance provided is by holding workshops and assistance in making the NIB starting from filling in the form for making the NIB to making it on the OSS website. This activity was attended by 21 business actors consisting of 16 grocery stores, 4 food stalls, and 1 vegetable trader. In this mentoring activity, the approach used is the Asset-Based Community Development (ABCD) method to legalize the businesses of MSMEs. The ABCD method is an approach to strives to realize social order in society and community development for its environment. It can also be called Community-Driven Development (CDD). This assistance results in a Business Identification Number owned by every business actor. This assistance shows that workshops and assistance in making business legalization can be the right solution to advance MSMEs in Sukomakmur Village.

From Debt Trap to Economic Prosperity: Solow Model Analysis of the Impact of External Debt on Indonesia's Growth

Indonesia, like many developing countries, has been grappling with the issue of external debt. This study uses the Solow Growth Model approach to examine the relationship between external debt and economic growth in Indonesia. The study utilizes time-series data from 1970 to 2022. It includes Gross Domestic Product (GDP) as the dependent variable, while Debt Service, External Debt, Exports, Imports, Gross Capital Formation, and Population Growth are the independent variables. The ARDL method is used to analyse the data to determine whether there is a statistically significant relationship between the independent and dependent variables. The findings of this study reveal that External Debt, Debt Service, Exports, Imports, and Gross Capital Formation have a significant positive relationship with GDP, indicating that increased external debt can contribute to economic growth in the country. This suggests that the government can use external borrowing to increase investments, exports, and imports and ultimately drive GDP growth. These results have important implications for policymakers looking for strategies to promote economic growth in Indonesia. By focusing on measures that stimulate foreign investment, increase exports and imports, and enhance gross capital formation, policymakers can help the country move from a debt trap to economic prosperity. Using the Solow Growth Model approach, this study also provides a framework for other developing countries to examine the relationship between external debt and economic growth.

KETERKAITAN ANTARA FOREIGN DIRECT INVESTMENT, PERDAGANGAN INTERNATIONAL, INDEKS PERSEPSI KORUPSI, NILAI TUKAR DAN PERTUMBUHAN EKONOMI DI INDONESIA

The growth of Indonesia's GDP per Capita can be said to be quite stable and domestic consumption is still the largest contributor to the Indonesian economy, while Indonesia. Trade openness has the potential to increase economic growth by increasing efficient resource allocation and increasing factor productivity through technology adoption and knowledge transfer. Apart from that, FDI is also one of the keys to increasing efficient resource allocation and increasing factor productivity through technology adoption and knowledge transfer. Currently the value of international trade and FDI is still smaller than the domestic consumption sector. Furthermore, Indonesia's corruption perception index can also be said to be quite high, this could be an indicator of the perception or distrust of the public and investors towards the Indonesian government. An immediate increase in corruption will reduce economic investment, creating a general distortion. Based on the description above, it can be seen that Indonesia has not yet maximized these three factors (capital, human resources, technology) which can be obtained from international trade and FDI and also that Indonesia's corruption index level is still high. The method used is the Vector Error Correction Model. The research results show that the export variable has the highest influence on Indonesia's economic growth.

Forecasting Gold Prices in Indonesia using Support Vector Regression with the Grid Search Algorithm

Investment is an effort to increase economic growth in Indonesia. A popular investment in the community is gold investment. The value of gold investments tends to increase but is not immune from price fluctuations, therefore it is important to forecast the price of gold in Indonesia. The method that can be used to make this forecast is Support Vector Regression (SVR). SVR is a method that looks for a function that has a deviation of no more than ε to get the target value from all training data. The best SVR model with a linear kernel was obtained from a combination of parameters C=0,0625 and ε=0,001 with a RMSE value of 0,19734 and a value of 0,974112. So, the SVR method is appropriate to use for forecasting gold prices in Indonesia.

Analisis Pengaruh Defisit Anggaran, Belanja Pemerintah Pusat, dan Utang Pemerintah Terhadap Pertumbuhan Ekonomi di Indonesia Tahun 1990-2019

In maintaining and increasing economic growth, it is necessary to have appropriate and effective policies so that the target of increasing economic growth every year can be achieved. This policy must be in line with various developments carried out to increase economic growth. However, high government spending will increase the budget deficit and also increase the need for financing through debt. This study uses the variable budget deficit, central government spending, government debt (SBN and ULN), and economic growth in Indonesia from 1990 to 2019. The analysis method used is time series data analysis with the Autoregressive Vector model (VAR) which aims to identify long-term relationships between variables and the Error Correction Model (ECM) which aims to analyze the longterm and short-term effects between variables. The results of research with the VAR model show that the variable deficit, government spending, government securities, and foreign debt have a one-way relationship with Gross Domestic Product.The results of the study with the ECM model show that the central government spending variable and Government Securities (SBN) have a positive and significant effect on gross domestic product (GDP) in the short and long term, and foreign debt has a negative and significant effect on GDP in the short and long term during the period 1990-2019. Based on this research, it can be concluded that the fiscal policy implemented in 2019 is a sustainable fiscal policy. Keywords: Economic Growth, Central Government Expenditure, Budget Deficit, Government Debt, Fiscal Sustainability

Analysis of the Existence of Environmental Kuznets Curve (EKC) Hypothesis on CO2 Emission, Energy Consumption, and Economic Growth in Indonesia

This research explains environmental issues, in the context of Kuznets' theory that links economic growth, energy consumption and CO2 emissions. The focus of the research is to test the Kuznets Environment Curve (EKC) hypothesis in Indonesia in the period 1990-2019 using time series analysis Vector Error Correction Model (VECM). Research findings show that, both in the long and short term, CO2 emissions and energy consumption have a significant impact, while economic growth has no significant impact. These results indicate that the ECC hypothesis is not supported in Indonesia. Emerging policy implications include the transition to clean energy, sustainable farming and forestry management, waste and pollution control, and increased environmental awareness and education. Faced with the complexity of environmental challenges, the implementation of this policy has become crucial toining a balance between environmental sustainability and economic growth.

The Moderating Role Of Economic Growth In The Association Between Corruption And Poverty In Indonesia

Indonesia has abundant natural and human resources. With a large population and abundant natural resources, Indonesia has the potential to become the centre of the world economy. But in reality, Indonesia faces many challenges. With such abundant wealth, corruption, economic growth, and poverty are the biggest problems in Indonesia. Corruption is closely related to the economic condition of society. This study aims to analyse the impact of corruption on the poverty rate in Indonesia. Using secondary data published by the Central Bureau of Statistics (BPS) from 2018 to 2022, a panel data regression model in 34 provinces in Indonesia was used to obtain 170 data samples. The researcher found that the Corruption Perception Index (CPI), which is considered an indicator of the level of corruption in Indonesia, has a negative and significant impact on the poverty rate. On the other hand, GR as an indicator of economic growth in Indonesia has a negative and significant impact on Indonesia's economic growth. In this study, economic growth is able to moderate the interaction relationship between corruption and poverty levels in Indonesia. Although Indonesia in the 2018-2022 timeframe has always experienced growth, this is also in line with the higher level of corruption in Indonesia, which has an impact on the high disparity and poverty in Indonesia. Therefore, the government and society must work together to fight corruption and reduce poverty by improving transparency and increasing public participation in order to reduce inequality and poverty among Indonesians.

The Role of the Green Economy in Economic Growth in Indonesia Based on an Islamic Economic Perspective

Over the past few years, the concept of a green economy has been recognized as a vital mechanism for achieving economic progress in both developed and emerging nations. This study aims to analyze the role of the green economy in Indonesia's economic expansion based on an Islamic economic perspective. The research methodology employs library analysis and content assessment. The data sources utilized in this study were gathered from previous research, articles, regulations, and reference literature pertaining to green economics, economic growth, and Islamic economics. The results denote that the green economy bears tremendous potential to support economic advancement in Indonesia under an Islamic economic lens. By applying key tenets such as the obligation to safeguard nature and the judicious utilization of resources, Indonesia can cultivate a development paradigm that is sustainable and beneficial across all societal strata. This research recommends that private and public sector entities continue endorsing and integrating green economy principles moving forward. Specifically, Islamic financial instruments can be directed toward eco-friendly investments like renewable energy, sustainable agriculture, green technologies, and environmentally-conscious infrastructure. Such participations from Islamic economics in "greening" the economy signify promising trajectories aligning ethical and sustainable finance. As the world grapples with urgent ecological crises, policy frameworks in Indonesia should incentivize collective societal and commercial transitions toward greener fiscal practices. Islamic finance with its underlying moral philosophy can potentially transform finance itself into an apparatus upholding both economic and environmental welfare.