Growth In Indonesia Research Articles

Contribution of Resin Commodity Exports to Gross Domestic Product and Employment in Indonesia

Exports of resin commodities significantly affect Indonesia's economy, particularly in terms of Gross Domestic Product (GDP) and employment. This study aims to analyzethe effects of resin commodity exports on Indonesia's GDP and employment opportunities, and to provide recommendations for enhancing the sector's contribution through strategic initiatives. The research employs the Error Correction Model (ECM) to assess the relationship between resin exports, GDP, and employment, utilizing secondary data over the past decade. Results indicate a strong positive correlation between resin exports and GDP growth, with the latter significantly influenced by export revenue. The findings also reveal that the resin sector creates numerous job opportunities, benefiting not only the industry itself but also related sectors such as logistics and manufacturing. Enhanced export capabilities can lead to increased national income and reduced trade imbalances, further stabilizing the economy. In conclusion, the study highlights the importance of resin commodity exports in driving economic growth in Indonesia. It provides actionable insights for policymakers to strengthen the resin sector, improve product quality, and expand market access. By focusing on sustainable practices and technological advancements, Indonesia can capitalize on its natural resource wealth, fostering job creation and elevating living standards across local communities.

Dynamics of Arbitration Choice as an Alternative Dispute Resolution for Business Disputes

The arbitration mechanism as an alternative dispute resolution for business in Indonesia offers advantages such as speed, confidentiality, and specialization of the arbitrator. However, its effectiveness is hindered by various factors, including non-compliance with arbitration awards and the varying quality of arbitrators. This research employs a normative legal research method, analyzing applicable regulations and legal doctrines related to arbitration in Indonesia, particularly Law No. 30 of 1999 concerning Arbitration and Alternative Dispute Resolution. Findings indicate that while arbitration is preferred due to its efficiency, challenges such as low compliance with awards, concerns about arbitrator quality, and complexities in the selection process persist. Additionally, legal culture and issues like corruption significantly affect the choice of arbitration. To enhance the effectiveness of arbitration, regulatory reforms, improvements in the quality of arbitration institutions, and education for business actors are essential. Strengthening the relationship between arbitration and the judiciary is also crucial for fostering trust in this mechanism. In conclusion, improving arbitration as a dispute resolution method in Indonesia requires a comprehensive approach, including regulatory enhancements, better education, and quality assurance for arbitrators. By addressing these challenges, arbitration can become a more reliable choice for business actors, supporting sustainable economic growth in Indonesia.

Analysis of the Factors of Women's Empowerment of MSME actors on Per Capita Income in Indonesia

Women's empowerment remains a challenge in optimizing human resources, particularly women, in productive activities that can enhance income and overall welfare. Limited women's involvement in economic, political, and labor sectors across most provinces in Indonesia highlights the urgency of this issue. This study aims to analyze the influence of women's empowerment factors—specifically the Gender Development Index (GDI/IPG), Gender Empowerment Index (GEI/IDG), Female Labor Force Participation Rate (TPAK Female), and Women's Wages—on per capita income as a proxy for economic growth in Indonesia. The research was conducted on 34 provinces in Indonesia over the period 2017–2021. The study employed a panel data regression analysis method using E-Views 13 software to identify relationships between the specified variables and per capita income. The results showed that the Gender Development Index (GDI) and Women's Wages have a significant positive effect on per capita income, indicating their importance in driving economic growth. However, the Gender Empowerment Index (GEI) and Female Labor Force Participation Rate (TPAK Female) did not show a significant effect on per capita income. These findings imply that efforts to improve women's wages and human development outcomes for women, such as health, education, and quality of life, are crucial in enhancing economic welfare. Policymakers should focus on strategies to reduce gender disparities and increase investments in women's education, skills, and income-generating opportunities to boost economic growth and achieve equitable development.

Local government development policy: Natural resource revenue sharing and economic growth in Indonesia

Regions rich in natural resources often exhibit a high dependency on revenue from Revenue Sharing Funds (DBH). This dependency can pose long-term challenges, especially when commodity prices experience significant fluctuations. This study examines the role of Revenue Sharing Funds from Natural Resources (DBH SDA) on economic growth in 491 regencies/cities in Indonesia during the 2010–2012 period. The analysis employs panel data regression. The selection of this period was based on the occurrence of a resource boom characterized by a surge in global demand for natural resource commodities, accompanied by an increase in commodity prices. This condition positively impacted the revenues of both the nation and resource-rich regions. The results of the study show that economic growth is not influenced by DBH SDA but rather by General Allocation Funds (DAU). This indicates that the central government still plays a significant role in determining economic growth at the regency/city level in Indonesia. Regions need to prioritize economic diversification to reduce reliance on DBH SDA and DAU. Investment in productive sectors, such as infrastructure, education, and technology, can be a strategic approach to accelerating regional economic growth.

Pengaruh Kemiskinan Terhadap Pertumbuhan Ekonomi di Provinsi Banten

Poverty is a real problem in many regions, including in Banten. Poverty has a very broad impact, including its negative impact on economic growth. This study aims to identify the effect of poverty on economic growth by using secondary data from various sources such as BPS, and Related Literature. The result is that there is a negative relationship between the level of poverty and economic growth. Poverty can hinder economic growth through a variety of channels, including reduced labor productivity, decreased purchasing power, and lack of access to education. Therefore, efforts to reduce poverty are expected to support sustainable economic growth. This study is intended to contribute to broaden horizons related to the relationship between poverty and economic growth and provide relevant policy implications to address the problem of poverty and increase economic growth in Indonesia, especially in Banten province.

Sistem Informasi Pariwisata Alam di Kabupaten Labuhanbatu Berbasis Web

Indonesia is a country rich in natural resources. nature tourism has a unique and interesting natural wealth as the main attraction for people who like to visit nature. Saving the environment and biodiversity becomes very important, and nature tourism can be a means to increase public awareness and involvement in Nature Conservation. Each of these tours has its own beauty and characteristics. Tourism is one of the sectors that has the opportunity to become the largest foreign exchange contributor in Indonesia, tourism growth in indonesia was recorded at 7.2 percent per year, higher than the average world tourism growth of only 4.7 percent. Labuhanbatu Regency is one of the regions of North Sumatra that has a good tourism sector.but in the dissemination of information about tourism is still a manual, among others, the provision of brochures, posters, pamphlets to tourists who visit. The Office of Youth, Sports, Culture and tourism does have a website about natural tourism in Labuhanbatu but its webiste can not be opened, and the automatic development of natural tourism can not be updated to the website. At the time of the tour, the tourists also must be really tired on the way and want to stay at the tourist attractions. To ensure the presence or absence of lodging in these tourist attractions,it is very necessary for the website to more easily find out information about natural attractions in Labuhanbatu Regency.

Pengaruh Belanja Modal, dan Indeks Pembangunan Manusia,Terhadap Pertumbuhan Ekonomi di Indonesia

This study aims to analyze the effect of capital expenditure and Human Development Index (HDI) on economic growth in Indonesia. Using time series data from 2011 to 2023 sourced from Indonesia's Central Bureau of Statistics (BPS), this study applies the multiple linear regression method using the Eviews 10 program. The results show that capital expenditure has a positive and significant influence on economic growth, while HDI has a positive but insignificant influence. Simultaneously, these two variables contribute significantly to economic growth with an R-squared value of 60.14%. This study emphasizes the importance of efficient capital expenditure management and efforts to improve the quality of human resources to support inclusive and sustainable economic growth.

The Impact of Government Bond Issuance on Banking Activities and Economic Growth in Indonesia

This paper aims to test the effect of crowding out on one of the developing countries, namely Indonesia. Using monthly data from January 2008 to June 2023, VECM's estimates show that the growth of government debt through its securities is negatively and significantly related to the growth of banking loans, both in the short and long term. This shows that there has been a crowding out effect in the process of withdrawing government debt. Meanwhile, the results of the Markov-switching estimate show that credit growth has a positive and significant impact on economic growth, both in normal and turbulent conditions. The growth of government debt is only positive and significant in turbulence periods, but not significant in normal times. These findings show that the government's debt policy has been at risk to the banking system and the economy.

PAKANI: SUSTAINABLE OF BLUE ECONOMY MELALUI ISLAMIC DIGITAL PLATFORM DALAM UPAYA MEMBERDAYAKAN PETANI IKAN DI JAWA TIMUR

This study examines digital innovation through the PAKANI platform as a solution to support the implementation of a sustainable blue economy concept and empower fish farmers in East Java. PAKANI is designed as a technology-based application that provides comprehensive access to sharia financing, affordable and quality fish feed distribution, and broader marketing access for small-scale fish farmers. Challenges faced by fish farmers in East Java include limited resource access, high production costs, and inefficient distribution. This study employs a qualitative approach with descriptive analysis based on literature from journals, books, scientific reports, and articles to analyze East Java’s geographical potential for inland aquaculture in underutilized lands. The findings show that PAKANI can act as a catalyst in enhancing productivity and sustainability in small-scale aquaculture, particularly through integrating digital technology and sharia-compliant financing that is accessible for fish farmers. The blue economy concept applied in this platform leverages technology to reduce resource waste and support sustainable aquaculture practices aligned with circular economy principles. These findings are expected to make a significant contribution to the academic literature on digitalization in the aquaculture sector and the inclusive development of sharia-based economies, particularly in Indonesia. This platform is anticipated to improve fish farmers’ welfare and increase the fisheries sector’s contribution to sustainable economic growth in Indonesia.

The Multiplier Effect of Portfolio Investment on Economic Growth in Indonesia: A Case for the Manufacturing and Financial Sectors 2010–2020

The Multiplier Effect of Portfolio Investment on Economic Growth in Indonesia: A Case for the Manufacturing and Financial Sectors 2010–2020

PENGARUH UANG ELEKTRONIK, SUKU BUNGA, DAN INFLASI TERHADAP PERTUMBUHAN EKONOMI DI INDONESIA TAHUN 2015.I – 2023.IV

This study aims to test and analyze the effect of electronic money, interest rates, and inflation on economic growth in Indonesia in 2015.I-2023.IV. The type of research used is explanatory research. The research data source is secondary time series data in quarterly form, namely the first quarter of 2015 to the fourth quarter of 2023. The analysis model used is multiple linear regression analysis. Based on the results of partial hypothesis testing, it is concluded that the electronic money variable, and interest rates have no significant effect, while the inflation variable has a significant effect on economic growth. Simultaneously, the variables of electronic money, interest rates, and inflation simultaneously have a significant effect on economic growth. The acceleration of digital transactions should be accompanied by the availability of adequate infrastructure and simplify business regulations and increase market confidence so as to encourage economic growth.

Enhancing Public Knowledge of Sharia Insurance Products in Indonesia Through Effective Management Strategies

Islamic insurance, known as Sharia Insurance, has emerged as a vital aspect of Indonesia's financial landscape. Sharia Insurance adheres to Islamic economic principles, offering products such as takaful (mutual guarantee) and mudharabah (profit-sharing). The potential for growth in Indonesia's Sharia insurance sector is substantial, bolstered by the country's predominantly Muslim population, which constituted 87.2% of the total population in 2021. Moreover, under Financial Services Authority Regulation (FSAR) Number 11 of 2023, Article 15, Sharia financial institutions are mandated to prioritize Sharia-compliant financial products. Despite these regulatory supports, however, Sharia insurance has achieved only a modest market share, with premiums accounting for just 4.76% as of December 31, 2022. In response to these challenges and opportunities, this study aims to examine the barriers, particularly the issue of public awareness, where many individuals lack a comprehensive understanding and appreciation of the advantages offered by Sharia insurance products. Consequently, this paper addresses two main objectives: 1) identifying factors contributing to public misconceptions and limited awareness of Sharia insurance benefits, and 2) exploring initiatives aimed at addressing these issues. This research employs a qualitative approach, employing systematic literature review techniques to analyze relevant books and literature focused on the identified themes. The findings aim to offer insights into the challenges faced by Sharia insurance and propose strategies to enhance public awareness and understanding of Islamic insurance products.

Analisis Pengaruh Ekspor dan Impor Terhadap Pertumbuhan Ekonomi di Indonesia Periode 2019-2023

In a country, economic sector growth is an increase in per capita output. When a country's economic growth increases, its capacity to meet the needs of its citizens also increases, thereby improving their overall welfare. Economic growth in Indonesia occurs from many factors, one of which is exports and imports. This study aims to analyze how the value of Indonesia's exports and imports in the 2019-2023 period affects its economic growth. This research applies secondary data in the form of time series covering the time span. The data is obtained through data statistics and previous journals. The application of the method utilized by researchers in this study is the OLS (Ordinary Least Square) method. The tests applied are partial data testing (T-test) and simultaneous data testing (F-test). The regression equation in this study is Y = 4.264 - 5.579EX1 + 9.323EX2. Exports have such an impact on Indonesia's economic growth that is fully supported by the results of the t-test. Similarly, imports also show a significant influence on economic growth at the country level. The reason why economic growth is not affected is because of the influence of other variables.

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.

Modeling of Gross Domestic Product Growth in Indonesia by Using Multi-Input Intervention Model

The Gross Domestic Product (GDP) Growth of Indonesia has fluctuated over time due to established policies, economic crises, changes in political direction, and natural disasters. In 1998, due to the fall of the New Order regime, the Indonesian economy contracted by -13.13 percent, leading to hyperinflation. In 2020 the COVID-19 pandemic occurred which caused Indonesia's GDP Growth to contract again. Accurate forecasting of GDP Growth is crucial for government to formulate effective future policy strategies to maintain the stability of Indonesia's economy. There are several outliers in Indonesia's GDP Growth data, so the proper analysis is a multi-input intervention. The best model analysis is ARIMA (1,0,0) with non-zero mean using the first order intervention b=0, r=0, s=0 and the second order intervention b=0, r=0, and s=0 which resulted in a Mean Absolute Percentage Error (MAPE) of 23.47 percent. The outlier effect on Indonesia's GDP Growth data is both direct and temporary.

Family, friends, and financial know-how: influences on students' intentions to pursue entrepreneurship, with the moderating role of self-efficacy

<p>This study aims to examine the influence of family economic education, peer groups, economic literacy, and self-efficacy on students' entrepreneurial intentions. The research utilizing a survey method with a Likert scale distributed to 292 students actively enrolled in universities in the Greater Jakarta area Indonesia. Data analysis was conducted using 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. This research offers valuable insights and implication managerial 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>

Creating E-commerce for MSMES in Panjunan Village: Steps towards a Smart Village

Micro, small, and medium enterprises (MSMEs) are crucial sectors that support economic growth in Indonesia. In the massive development of the digital economy, there has been a shift from offline to online transactions. MSME actors are now required to adopt technology to follow consumer shopping trends. One way to do this is by implementing e-commerce. The development of MSMEs through e-commerce is a smart step to increase visibility and market access. By leveraging e-commerce platforms, MSMEs can reach a wider audience, boost sales, and expand their business footprint without geographical limitations. In addition to digitalization, MSMEs need guidance in online sales, inventory management, digital marketing, and financial management. This guidance helps MSMEs maximize their potential in e-commerce. Desa Panjunan in Duduksampeyan District, Gresik Regency, is one village with MSME potential that needs to be developed through e-commerce. This community service activity will include creating an MSME e-commerce website for the village as a step towards becoming a Smart Village. The developed e-commerce has been tailored to the characteristics and needs of MSME actors in Desa Panjunan. This e-commerce initiative in Desa Panjunan can open up broader market access for local products, improve competitiveness, product quality, and MSME business management, as well as increase the income and welfare of the local community.

THE FUNCTION OF LAW IN ECONOMIC DEVELOPMENT AND COMMUNITY EMPOWERMENT IN INDONESIA

The purpose of this study is to analyze the function of law in the stages of economic development and to analyze community empowerment through the role of law. The research is normative-legal research, using the statute approach, conceptual approach, and case approach. Secondary Legal Materials are all publications on a law that are not official documents which include textbooks, legal dictionaries, legal journals, and research reports. The collected legal materials are then analyzed qualitatively. The results of the research show that development in the economic field cannot work alone, but requires support from various parties, especially in the field of law. Law has a very central role in the success of a country's economic development, particularly in providing business and investment certainty, both at the central and regional levels. This will provide a huge opportunity for the central government in accelerating policies related to the economy in the regions because the regions are already stable in terms of the functioning of the legal function in the field of economic development. In relation to community empowerment, the function of law is as a driving force for development. In this case, the law as a tool to bring society in a more advanced direction will work dynamically following economic developments. Improvements in all sectors, starting from education, accessibility, action, institutions, business, income, environment, and life, and improving social relations in society will have a very big impact on economic growth in Indonesia.

The Impact of Business Incubation Programmes on Start-up Success and Economic Growth in Indonesia

The Impact of Business Incubation Programmes on Start-up Success and Economic Growth in Indonesia

The Impact of the People's Business Credit (KUR) Programme on Entrepreneurship Development and Economic Growth in Indonesia

The People’s Business Credit (Kredit Usaha Rakyat, KUR) program has been a significant government initiative in Indonesia, aimed at promoting entrepreneurship and stimulating economic growth, particularly among micro, small, and medium enterprises (MSMEs). This study examines the impact of the KUR program on entrepreneurship development and economic growth, using a quantitative analysis based on a sample of 100 MSME entrepreneurs who have received KUR loans. Data was collected through a survey utilizing a Likert scale (1-5) and analyzed using SPSS version 25. The results show that KUR funding positively impacts business expansion, innovation, and profitability, with a significant correlation between program participation and improvements in entrepreneurship development. Furthermore, the study highlights the program’s contribution to local economic growth through job creation and increased regional economic activity. The findings indicate that the KUR program is effective in fostering entrepreneurship, particularly in rural areas, and plays a crucial role in stimulating economic growth at the local level. The study provides valuable insights for policymakers to improve the program and further support MSMEs in Indonesia.