Growth In Indonesia Research Articles

Investment Analysis of the Manufacturing Industry Sector During the Industrial Revolution 4.0 on Provincial PDRB in Indonesia

During the ten-year period, the manufacturing industry sector has become a sector that contributes to economic growth in Indonesia. However, the distribution of GRDP in each island of Indonesia has not been maximized, this shows that the natural resources owned have not been utilized optimally, industries still tend to only supply raw materials which are then marketed abroad and in the end we buy them back at a higher price. The reason is that the application and use of advanced technology has not been maximized, especially at this time when the industry has entered the Industrial Revolution 4.0. This study aims to see the effect of advanced technology consisting of Internet Users, Software, Machinery and Equipment and Education Level on GRDP in Indonesia. The data used is secondary data from 2017-2021. The type of data in this study is panel data. The analysis technique in this study is the panel data regression technique with the Ordinary Least Square (OLS) method of the e-views 10 program. The results of this study indicate that machinery & equipment, internet users, software and education level together have a simultaneous relationship to the GRDP of Provinces in Indonesia. The variables Machinery and Equipment, Software and Internet Users have a positive and significant influence on the GRDP variable of Provinces in Indonesia. Meanwhile, the level of education has a negative influence on the GRDP of provinces in Indonesia. Keywords: Provincial GRDP in Indonesia, Manufacturing Industry, Software, Machinery and Equipment, Education Level and Internet Users

Tracking the Trail of Regional Financial Performance: Economic Growth as a Bridge towards Poverty Reduction

This study aims to see and determine the indirect influence of regional government financial performance on poverty through economic growth in Indonesia. The analysis method used is multiple linear regression and Sobel test using secondary data from 34 provinces in Indonesia in 2014-2021. The findings of this study indicate that regional financial performance as proxied by the effectiveness ratio and efficiency ratio on poverty directly has an influence, but indirectly where economic growth which is an intermediary to see the influence of regional financial performance on poverty shows no influence, this shows that economic growth cannot mediate the influence of regional financial performance on poverty.

The Triple Bottom Line: Prioritizing CSR, Human Capital, and GHG Reduction for Sustainable Economic Growth in Indonesia

Our study, which covered the years 2008 to 2022, aimed to create “autoregressive vectors” to investigate the interrelationships between corporate social responsibility (CSR), greenhouse gas net (GHG), human capital (HCPT), and human resources in Indonesia. We used data from the World Bank, OECD, and Bank Republic Indonesia to conduct an analysis of the correlation between these variables. Our results showed that there are significant relationships between corporate governance self-assessment (CGS), GHG, and HCPT in Indonesia. The positive correlation between GHG and CGS suggests that as GHG emissions increase, the level of corporate governance self-assessment also increases. This finding implies that companies that prioritize reducing GHG emissions tend to have better corporate governance practices. Moreover, investing in reducing GHG emissions can have a positive impact on human capital development. However, the negative correlation between HCPT and CGS implies that an increase in human capital may result in a decrease in the level of corporate governance self-assessment. This finding highlights the importance of balancing investments in human capital with maintaining good corporate governance practices to ensure sustainable economic growth. Furthermore, promoting corporate social responsibility can enhance companies’ reputation and increase their brand value, which can positively impact their CGS. Therefore, it is essential for companies to prioritize CSR practices, invest in human capital development, and reduce GHG emissions to ensure sustainable economic growth and maintain good corporate governance practices in Indonesia. Keywords: corporate social responsibility, greenhouse gas net, human capital

Poverty Inflation, FDI Consumption, and Economic Growth in Indonesia in the Vector Autoregressive Model Analysis

The difference in the results from previous studies on the impact of inflation on poverty, coupled with an increase in the money supply from direct investment, inspired this research. This study aimed to ascertain how poverty, inflation, and foreign investment affect consumption spending in Indonesia based on 1997-2021 time series data. This study used Vector Autoregression estimation, utilizing data sources from the World Bank. The data will be processed with econometric models. From the study’s findings, it may be inferred that overall consumption affects inflation, which can be seen from the Granger causality test that shows that this variable has a one-way causal relationship. The results of the same test also show that FDI has an effect on total consumption and conversely consumption has an effect on FDI. However, the poverty variable does not affect total consumption and vice versa, because according to the causality test, the variable obtains an insignificant probability value. However, the VECM results explain that poverty has an effect on total consumption, and that the effect of consumption on inflation is due to the larger t-statistic value and has a positive relationship. This implies that the rate of inflation will increase the lower the level of consumption. However, the Impulse Reason test shows that poverty has a negative trend, as does the FDI variable. Keywords: poverty, inflation, FDI, consumption, economic growth, Indonesia

Voting Rights of Indigenous Papuan Women in a Patriarchal Culture: A Study of Gender Equality among Indigenous Papuan Women in Yoboi Village, Sentani District, Jayapura Regency, Papua From the Perspective of Jurgen Habermas

Gender equality has become a significant issue and a focal point at both the national and international levels. The government has implemented various measures as a commitment to minimizing gender disparities. Women, being a vital part of human resources, must optimize their abilities, intelligence, and their role as mothers. Therefore, the issue of gender equality must be intertwined in the development process. Consequently, increasing women’s responsibilities has a positive impact on economic growth in Indonesia. The Gender Empowerment Index (IPG) reveals a substantial gap between provinces in Indonesia, especially in the eastern regions. The cultural system in Papua, which adheres to a patriarchal system, results in the confinement and neglect of women’s voting rights. This research adopts a critical or transformative paradigm processed from the intersection of criticism regarding assumptions made by previous researchers. A critical perspective typically utilizes information gaps for analysis, followed by reconstructing a new narrative without gaps. This allows for the development of a new, feasible concept, enabling researchers to design a new approach. This qualitative study aims to describe and explain the suppression of voting rights experienced by indigenous Papuan women in Yoboi Village, Sentani District, Jayapura Regency, Papua. The results indicate that Papuan women face numerous obstacles in exercising their voting rights in education, economy, culture, and religion. However, there are several ways to address these challenges, such as creating a discussion forum to explore the potential of Papuan women and providing opportunities for them to contribute their opinions. Additionally, the roles of tribal chiefs and customary leaders are crucial in providing space for Papuan women to actively participate in the development of their villages. Keywords: patriarchal culture, indigenous Papuan women

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

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

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

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

Analisis Beban Kerja Dan Kebutuhan Pegawai pada Unit Kerja Kecamatan Rungkut Kota Surabaya

The existence of a country cannot be separated from the existence of it’s population. Population growth in Indonesia continues to increase from year to year in almost every region. The large population causes problems regarding the fulfillment of rights, needs, protection and public services. In the current era, public services have great demands from the public, the public sector is asked to provide excellent service by showing high professionalism. However, the demands and hopes of the community have not been fully realized. Based on data released by the Central Statistics Agency (2024), in 2015-2023 the number of civil servants in Indonesia continued to decline, this was also a factor causing the workload carried out by each employee to increase. Several factors that hinder public services are part of the Government's regulations regarding Bureaucratic Reform. Bureaucratic reform is a need that needs to be fulfilled in ensuring the creation of good governance. In the Rungkut Subdistrict Work Unit, there are complaints that there are not enough employees to carry out the large workload. With these complaints, the author feels it is necessary to carry out an analysis of the workload in the Rungkut District Work Unit by referring to PermenPANRB No. 1 of 2020 concerning Guidelines for Job Analysis and Workload Analysis, so that the results of the workload analysis are expected to provide information regarding the ideal number of employees according to the workload.

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

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

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

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

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

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

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

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

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

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

Peluang dan Tantangan Pengembangan Usaha Mikro Kecil Menengah (UMKM) dari Berbagai Aspek Ekonomi

Micro, Small, and Medium Enterprises (MSMEs) are productive economic entities owned by individuals or private business entities that meet the criteria for micro, small, or medium enterprises. In practice, MSME actors face various challenges and issues frequently encountered in the development of MSMEs. This study aims to identify the opportunities and challenges in the development of Micro, Small, and Medium Enterprises (MSMEs) from various economic aspects. The study is interested in examining the conditions of MSMEs that manage to survive under pressure, delving deeper into and providing an analysis of the challenges faced by MSMEs as well as the opportunities that can be leveraged to improve their performance, using a systematic literature review method. It is hoped that this study will provide further policy recommendations to enhance MSME strength as an opportunity and empower MSMEs in facing various challenges. The research findings indicate that Digital Marketing, Human Resources (HR), and Financial Literacy play crucial roles in creating markets and integrating into global supply chains. However, to ensure that the digital economy benefits MSME growth in Indonesia optimally, challenges such as limited access and technology infrastructure, as well as deficiencies in financial literacy, digital marketing, and human resources, need to be effectively addressed. MSMEs that can adapt to technological advancements and innovate their products will be able to compete with their rivals in the increasingly advanced digital economy.

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

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

Socio-Demographic Determinants of Insurance Literacy among University Students in Indonesia

Introduction/Main Objectives: This research aims to investigate the level of insurance literacy among economics and business students and identify the socio-demographic factors impacting the level of insurance literacy. Background Problems: Low insurance literacy has long been identified as the cause behind the weak insurance penetration growth in Indonesia. College students area potential market for the development and deepening of the insurance sector. Novelty: However, hardly any studies have been published that assess the insurance literacy of university students in Indonesia. This study also presents a unique view of students’ insurance knowledge across different universities in Indonesia, providing an understanding of the factors contributing to their literacy level. Research Methods: We conduct the commonly applied ordinary least squares test on the survey data collected using stratified random sampling. Findings/Results: The test results conclude that students from universities in Java, who have mothers who graduated from college, come from middle-income families, and live in Java have significantly higher insurance literacy levels compared to the rest of the students. However, gender and residency do not seem to significantly impact insurance literacy. Conclusion: Our study shows that socio-demographic factors influence university students’ level of insurance literacy. These findings provide valuable information for policymakers and insurance firms to target this potential market with their insurance products.

Powering Growth: The Dynamic Impact of Renewable Energy on GDP in ASEAN-5

This study investigates the dynamic relationships between renewable energy consumption, labor force, gross fixed capital (GFC), and GDP across ASEAN-5 nations from 1984 to 2020. Utilizing data from the World Development Indicators (WDI), the Energy Information Agency (EIA), and national labor statistics, we employ unit root tests, ARDL bound testing for cointegration, and Toda-Yamamoto causality procedures. Our findings indicate significant long-term cointegration between the studied variables in Indonesia and the Philippines, suggesting persistent economic relationships, while results for Malaysia show no cointegration and remain inconclusive for Thailand. The economic analysis reveals that GFC robustly drives GDP growth across these countries, whereas the impacts from labor force and renewable energy consumption are more variable. Causality tests further demonstrate that renewable energy consumption significantly fosters GDP growth in Indonesia, Malaysia, and Singapore, aligning with the growth hypothesis. Conversely, findings for the Philippines and Thailand support the neutrality hypothesis, indicating no direct causal impacts. These insights underline the crucial role of tailored renewable energy strategies to enhance economic growth and sustainability in ASEAN-5, providing valuable policy implications for regional energy governance.

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

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

Legal Protection and Justice for Franchise Business Operators from an Islamic Law Perspective

This study discusses strategies to enhance the economic well-being of the community through engagement in entrepreneurship, especially through the franchise business model. Franchising is a marketing strategy for rapidly expanding businesses through the concept of cooperation. Legal protection for franchise business operators is crucial in maintaining a balance between the parties involved. Although there are no specific verses about franchising in the Quran, the principles of business ethics, justice, and compliance with Islamic law are essential foundations that should be applied in all forms of business transactions, including franchising. This study uses an empirical juridical legal approach to explore the concept of franchising, Islamic legal principles, and the impact of legal protection on franchise business operators. The results of this research are expected to make a significant contribution to advancing the legal discourse related to franchise business and Islamic law in Indonesia.Legal protection helps franchise business operators manage risks and conduct business in accordance with the principles of justice and business ethics, from both Islamic and general legal perspectives. Islamic and general law play a crucial role in shaping a fair, orderly, and sustainable franchise business environment. With a clear and consistent framework, franchise business operators can focus on the development and growth of their businesses. Thus, legal protection serves as a strong foundation for sustainable franchise business growth in Indonesia and makes a positive contribution to the economy and society as a whole. Franchise businesses can be a suitable form of enterprise that aligns with the values and principles of Islamic economics, providing a positive contribution to the economy and society overall.

Simplification analysis of labour policy and regulation as an effort to increase micro and small enterprises’ growth in Indonesia

This research aims to examine in more depth the changes resulting from the Job Creation Law, which impact the level of business friendliness in Indonesia, and how to analyze these changes to improve the business environment to be more conducive to carrying out business activities. This research uses normative legal research methods and is analytical descriptive research. There have been several changes since the emergence of the Job Creation Law, such as the establishment of a limited liability company. Changes to the Job Creation Law could improve the Indonesian economy. However, juridically, this regulation gives authority to the central government to manage micro and small businesses, contrary to the principle of decentralization, which prioritizes the provision of resources to local governments.