scholarly journals FINANCIAL DEEPENING RELATIONSHIP WITH ECONOMIC GROWTH IN INDONESIA

2021 ◽  
Vol 6 (1) ◽  
pp. 133
Author(s):  
Novarinda Vanny Kusuma Putri ◽  
Muhammad Khoirul Mubin
Keyword(s):  
Economic Growth ◽  
Interest Rate ◽  
Exchange Rates ◽  
Secondary Data ◽  
Money Market ◽  
Financial Deepening ◽  
Negative Interaction ◽  
Market Interest Rate ◽  
The Republic ◽  
The Government

This article aims to analyze the interaction between financial deepening and economic growth in Indonesia. In this case, it also indirectly analyzes the interaction between the research control variables, namely the interbank money market interest rate and the exchange rate with economic growth in Indonesia. The journal uses secondary data, including taking from the official website of the Central Bureau of Statistics and Bank Indonesia, which is the website of the Republic of Indonesia government. This journal uses an analysis of the interaction between variables in the period 2010-2019. The method used is the VECM method, a method used to explore financing and exchange rates which have a significant negative interaction with economic growth in Indonesia. And the interbank money market interest rate has a significant negative interaction with economic growth in Indonesia. In addition, the financial interior also has directional interactions with the government in Indonesia so that it can be said to follow bidirectional causality.Keywords: Financial Deepening, Economic Growth, VRCM, and bidirectional causality JEL : G320, C320

scholarly journals ANALISIS INTERAKSI KEBIJAKAN FISKAL DAN MONETER TERHADAP PEREKONOMIAN INDONESIA

2019 ◽  
Vol 5 (2) ◽  
pp. 112-123
Author(s):  
Muhammad Akhyar ◽  
Sofyan Syahnur ◽  
Asmawati Asmawati
Keyword(s):  
Fiscal Policy ◽  
Interest Rate ◽  
World Bank ◽  
National Income ◽  
Secondary Data ◽  
Simultaneous Equation ◽  
Money Market ◽  
Least Square ◽  
Two Stage ◽  
The Government

 The Purpose of this research is to determine the balance of income and interest rate in both money market and goods market in improving economic performance shown through some macro economic indicators. The method used is simultaneous equation method and completed with Two Stage Least Square. The data in this study constitutes Indonesia's economic data from 1986 to 2015 drawn from secondary data sources such as Bank Indonesia (BI), Central Bureau of Statistics (BPS), and World Bank . The results show that the balance occurs at the national income level of 211.243,69 billion Rupiah with an interest rate of 3.86% and the more dominant fiscal policy currently applied in the economy. This IS-LM model can help the government in making policy to predict what happens to outputs and the aggregate interest rate if the government decides to increase government spending and increase the money supply.  Keywords: Aggregate output, interest rate, fiscal policy, monetary policy, good market, money market, IS-LM.  ABSTRAK Penelitian ini bertujuan untuk mengetahui keseimbangan pendapatan dan tingkat bunga baik di pasar uang maupun pasar barang dalam meningkatkan kinerja perekonomian yang ditunjukkan melalui beberapa indikator makro ekonomi. Metode yang digunakan menggunakan persamaan simultan dan diselesaikan dengan Two Stage Least Square. Data dalam penelitian ini merupakan data perekonomian Indonesia dari tahun 1986 – 2015 yang diambilkan dari sumber data sekunder baik seperti Bank Indonesia(BI), Badan Pusat Statistik (BPS), dan World Bank. Hasil penelitian menunjukkan bahwa keseimbangan terjadi pada tingkat pendapatan nasional sebesar Rp211.243,69  milyar dengan tingkat bunga sebesar 3.86% dan kebijakan fiskal lebih dominan saat ini diterapkan dalam perekonomian. Model IS-LM ini dapat membantu pemerintah dalam membuat kebijakan untuk memprediksikan yang terjadi pada output dan tingkat bunga agregat jika pemerintah memutuskan untuk meningkatkan pengeluaran pemerintah maupun meningkatkan jumlah uang beredar.

Financial Deepening, Financial Intermediation and Nigerian Economic Growth: Time Variant Analysis

2019 ◽  
pp. 60-73
Keyword(s):  
Economic Growth ◽  
Interest Rate ◽  
Gross Domestic Product ◽  
Private Sector ◽  
Money Supply ◽  
Domestic Product ◽  
Financial Deepening ◽  
Causality Test ◽  
Real Gross Domestic Product ◽  
Long Run

This study examines financial deepening, financial intermediation and Nigerian economic growth. The main purpose is to examine the relationship between financial deepening and Nigerian economic growth while the specific objectives are to examine the impact of interest rate, capital market development, rational savings, credit to private sector and broad money supply on the growth of Nigerian. Secondary data of the variables were sourced from the publications of Central Bank of Nigeria (CBN) from 1981-2017. Nigerian Real Gross Domestic Product (RGDP) was used as dependent variable while Broad money supply (M2), Credit to Private Sector (CPS), National Savings (NS), Capital Market Capitalization (CAMP) and Interest Rate (INTR) was used as independent variables. Multiple regressions with E-view statistical package were used as data analysis techniques. Cointegration test, Augmented Dickey Fuller Unit Root Test, Granger causality test was used to determine the relationship between the variable in the long-run and short-run. R2, F – statistics and β Coefficients were used to determine the extent to which the independent variable affects the dependent variable. It was found from the regression result that Broad Money Supply, credit to private sector have position effect on the growth of Nigerian Real Gross Domestic Product while National Savings, Capitalization and Interest Rate on Nigeria Real Gross Domestic Product. The co-integration test revealed presence of long-run relationship among the variables, the stationary test indicated stationarity of the variables at level. The Granger Causality Test found bi – variant relationship from the dependent to the independent and from the independent to the dependent variables. The regression summary found 99.0% explained variation, 560.5031, F – statistics and probability of 0.00000. From the above, the study concludes that financial deepening has significant relationships with Nigerian economic growth. We recommend that government and the financial sector operators should make policies that will further deepen the functions of the financial system to enhance Nigerian economic growth.

scholarly journals Pengaruh Tingkat Suku Bunga, Inflasi Dan Nilai Kurs Terhadap Harga Saham Perusahaan Perhotelan Yang Terdaftar Di Bursa Efek Indonesia Per Triwulannya Periode 2016-2018

2021 ◽  
Vol 4 (2) ◽  
pp. 871-877
Author(s):  
Rahmat Dewa Bagas Nugraha ◽  
H.M Nursito
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Exchange Rates ◽  
Interest Rates ◽  
Quantitative Study ◽  
Stock Prices ◽  
Stock Exchange ◽  
Secondary Data ◽  
Ratio Analysis ◽  
The Interest Rate

This study aims to determine and analyze the factors that affect stock prices through appropriate ratio analysis. As for the ratio of interest rates, inflation and exchange rates. Researchers want to know and analyze the effect partially or simultaneously between interest rates, inflation, and exchange rates on stock prices. This research is a quantitative study using secondary data. The object of this research is hotel companies listed on the Indonesia Stock Exchange for the period 2016-2018. The sample used in this study were 3 hotel with certain characteristics. The results of research simultaneously using the F test show that there is no influence between interest rates, inflation and exchange rates on stock prices because the calculated value is smaller than the table. Partially with the t test it can be concluded that there is no influence between interest rates on stock prices because the tcount value in the interest rate variable is smaller than the t table. Likewise, the t calculation of inflation and the exchange rate is smaller than the t table, so that there is no partial effect of the two variables on stock prices. Keywords: Stock Prices, Interest Rates, Inflation and Exchange Rates

scholarly journals PENGARUH PERTUMBUHAN EKONOMI, UPAH MINIMUM PROVINSI, DAN TINGKAT PENDIDIKAN TERHADAP PENGANGGURAN TERBUKA DI INDONESIA

Jurnal Ecogen ◽  
2018 ◽  
Vol 1 (4) ◽  
pp. 162
Author(s):  
Syurifto Prawira
Keyword(s):  
Economic Growth ◽  
Minimum Wage ◽  
Unemployment Rate ◽  
Secondary Data ◽  
Education Level ◽  
Quality Of Education ◽  
Wage System ◽  
Negative Effect ◽  
The Government

This study aims to analyze the effect of economic growth, provincial minimum wage, and education level on open unemployment rate in Indonesia in 2011-2015, either simultaneously or partially. Using panel data with Fixed Efect Model (FEM) approach and using secondary data of 33 provinces in Indonesia. The model estimation results show that the variable of economic growth, provincial minimum wage, and education level simultaneously have significant effect on open unemployment rate in Indonesia. While the partial variable of economic growth has a negative effect but no significant effect on the unemployment rate. The provincial minimum wage variable is partially positive and significant to the unemployment rate. The variable of educational level also have positive and significant effect to unemployment rate. The government is expected to pay serious attention to economic growth, minimum wage system, improving the quality of education, the issue of availability of employment opportunities. Keyword: Economic Growth, Wage, Education, and Unemployment

Panama, Its Politics, and the Canal Against Itself

2019 ◽  
Author(s):  
Guillermo Castro H.
Keyword(s):  
United States ◽  
Economic Growth ◽  
Environmental Degradation ◽  
Spatial Organization ◽  
The United States ◽  
Global Market ◽  
16Th Century ◽  
Institutional System ◽  
The Republic ◽  
The Government

The successful negotiation of the 1977 Torrijos–Carter Treaty inaugurated a new historical era in the Republic of Panama. Politically, the implementation of the Treaty from 1979 to 1999 transformed what, since 1903, had been a protectorate of the United States into a fully sovereign republic. Economically, the integration of the canal into Panama´s internal economy, and that of the country in the global market, created new opportunities for the development of the country. The treaty also put an end to the dispute between Panama and the United States over the control of the rent and revenues produced by the canal, transferring it to the government of the Republic of Panama, and so creating an unprecedented source of resources for investment. More than forty years on, however, Panama faced a combination of sustained (but uncertain) economic growth, persistent social inequity, constant environmental degradation, obsolescence of its institutional system, and increasing internal political tensions, all expressions of the contradiction between the natural organization of the territory of Panama, and the spatial organization of its economy, society and government imposed and maintained since the European conquest of the 16th century. This contradiction is also aggravated by the dispute over control of the canal rent between different sectors of Panamanian society. In short, the country is in a transition stage in its development, which may lead it to overcome the contradiction in developing into a prosperous and equitable republic, or into increasing conflicts that may worsen the contradictions inherent to a centralist and authoritarian tradition of governance.

MODERATING EFFECT OF ECONOMIC GROWTH ON FINANCIAL PERFORMANCE OF MERGED INSTITUTIONS

2017 ◽  
Vol 1 (1) ◽  
pp. 38
Author(s):  
Dr. Agnes Ogada ◽  
Dr. George Achoki ◽  
Dr. Amos Njuguna
Keyword(s):  
Economic Growth ◽  
Financial Performance ◽  
Financial Services ◽  
Panel Data Analysis ◽  
Descriptive Analysis ◽  
Secondary Data ◽  
Moderating Effect ◽  
Primary Data ◽  
The Government ◽  
To Come

Purpose: The purpose of the study was to determine the moderating effect of economic growth on financial performance of merged institutions Methodology: The study adopted a mixed methodology research design. The study population included all the 51 merged financial service institutions in Kenya. Purposive sampling was used. Primary data was obtained from questionnaires and a secondary data collection template was also used. The researcher used quantitative techniques in analyzing the data. Descriptive analysis for the study included the use of means, frequencies and percentages.  Inferential statistics such as correlation analysis was also used. Panel data analysis was also applied. Further, a pre and post merger analysis was used.Results: There was a significant relationship between the moderating effect of economic growth and financial performance of merged institutions.Unique contribution to theory, practice and policy: The government and Central Bank of Kenya to come up with strategies and policies to protect the financial services sector due to its immense contribution to the economy of the country by formulating policies aimed at controlling the effects of rapid fluctuations of the macro economic factors and their effects on the sector.

scholarly journals Demographical Analysis and Cultural Characteristic to Attract Japanese Tourists to Indonesia

2021 ◽  
Vol 12 (3) ◽  
pp. 231-239
Author(s):  
Agita Arrasy Asthu ◽  
William Kalua Putra
Keyword(s):  
Secondary Data ◽  
Creative Economy ◽  
Cultural Characteristic ◽  
Silver Age ◽  
Female Workers ◽  
International Tourist ◽  
Qualitative Descriptive ◽  
The Republic ◽  
The Government ◽  
Demographical Data

Japan is one of the biggest international tourist contributors to Indonesia. However, in recent years, there is a negative growth. It is caused by the demographical change of the Japanese population and outbound. Hence, research about the cultural ethnicity and social conditions affecting international travelers' behavior in tourism activities is needed. The research focused on the segmentation and strategies to attract foreign tourist which Indonesia would carry. The applied research method was a qualitative descriptive approach that utilized secondary data, such as demographical data and cultural characteristics. Data were taken from the Central Bureau of Statistics of the Republic of Indonesia, Ministry of Tourism and Creative Economy of the Republic of Indonesia, World Bank, and Statistics Bureau of Japan. Then, those data were analyzed by a descriptive statistics method. The result intends to formulate a strategy to seek more potential tourist growth from a Japanese market. The result shows four strategic efforts that Indonesia can take to maximize the potential for the arrival of foreign tourists from Japan. The government can consider the increased number of “silver age” and adult female workers (Joshitabi), which dominate the travelers’ segment to Indonesia, and pay attention to air connectivity and unique cultural characteristic of Japan.

scholarly journals THE INFLUENCE OF GDP, INTEREST RATE, WAGE, INFLATION AND EXCHANGE RATE ON RESIDENTIAL PROPERTY PRICE IN INDONESIA

2019 ◽  
Vol 17 (9) ◽  
Author(s):  
Badrud Duja ◽  
Heri Supriyanto
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Interest Rate ◽  
Interest Rates ◽  
Residential Property ◽  
Property Prices ◽  
The Us ◽  
Property Price ◽  
Us Dollar ◽  
The Government

Over the past years, Indonesia’s economic growth has been recorded among the top developing countries. The economic growth is believed to contribute to the increase on residential property prices. The main objective of this study is to analyse the influence of determinants of residential property prices in Indonesia by examining the dynamic relationships of residential property prices reflected through the Residential Property Price Index (RPPI) with Gross Domestic Product (GDP), investment interest rates, wages, inflation and the exchange rate against the US dollar using secondary data over a period of thirteen-years between 2002Q1 and 2014Q4. By applying the Engle-Granger co-integration testand the error correction model, this research aims to see the relationship between the variables both in the short- and long-term. The results of the study indicated that macroeconomic factors that were significantly related to Indonesian residential property prices were GDP, wages, inflation, and exchange rates against the US dollar, while the investment interest rate was not included in these factors. Furthermore, based on the results of the regression analysis on research data, government policy in setting minimum wage standards has the greatest impact on residential property prices in the property sector in Indonesia. Thus, the results of this research are expected to provide the government with better viewpoints that will assist them in enacting better policies in the residential property sector.

scholarly journals Social Network Strategy to Counter Acts of Terrorism in Indonesia: A Structural Hole Study

2021 ◽  
Vol 6 (2) ◽  
pp. 312-323
Author(s):  
Agus Surya Bakti ◽  
Hafied Cangara ◽  
Dwia Aries Tina Palubuhu ◽  
Eriyanto Eriyanto
Keyword(s):  
Communication Network ◽  
Social Network ◽  
Secondary Data ◽  
Terrorist Group ◽  
Research Approach ◽  
Structural Hole ◽  
The Republic ◽  
The Government ◽  
Integration Strategies ◽  
Terrorist Acts

The ISIS terrorist group still poses a serious threat in Indonesia, especially because it operates in a network (net-terrorism) so that the handling of this terrorist group often does not reach its roots. The research is aimed to reveal the social network strategy in resolving terrorist acts in Indonesia using a structural hole theory. The research method is a qualitative research approach with secondary data analysis from four sources: books, journal articles, previous related research, and the Law of the Republic of Indonesia. The data above is then processed with Ucinet-Draw to calculate the linkage score between members in the network and then see the movement map for each ISIS network in Indonesia: Jakarta, Poso, and Surabaya. Thus, this study proves that there is a gap in the structure of the ISIS group's communication network in Indonesia. The research results revealed that many terrorist acts in Indonesia had the same pattern, namely the strong communication network between terrorist actors. Terrorist actors carried out at least three tertius strategies, namely tertius gaudens, tertius inguens, and a combination of the two. Through the tertius strategy, the government will be able to play its most crucial role in taking preventive actions against actors in terrorist networks. Therefore, the government needed to carry out various integration strategies with various institutions to conduct deradicalization appropriately.

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