scholarly journals Financial Inclusion for SMEs: Role of Digital Micro-financial Services

2019 ◽  
Vol 5 (3) ◽  
pp. 429-439 ◽  
Author(s):  
Rabia Rasheed ◽  
Sulaman Hafeez Siddiqui ◽  
Iqbal Mahmood ◽  
Sajjad Nawaz Khan
Keyword(s):  
Economic Growth ◽  
Financial Services ◽  
Poverty Reduction ◽  
Developing Economies ◽  
Secondary Data ◽  
Product Portfolio ◽  
Access To Finance ◽  
Digital Platforms ◽  
The Cost

SMEs paly major role in poverty reduction and employment generation, therefore experts considered this sector as engine of economic growth. However, access to finance in developing countries is one of major issue in development of SME sector as well as hurdle in economic growth. Financial institutions banking and non-banking shows reluctant behaviour in providing financing to SMEs and the issue is more severe in emerging economies. Bank financing has been found as main source of funds for SMEs in Pakistan, however, to obtain these funds not easy for small and medium firms. Recently digital micro financial services have been introduced by a number of micro finance banks.  Current study examines the role of digital micro financial services in enhancing SMEs’ access to finance and thereby enabling a more inclusive financial market for SMEs especially in context of emerging and developing economies. By digging out the existing literature and secondary data, the study discusses that digital financial services have greatly helped owner managers of SMEs in smooth management of their transactions and finances. The study concludes that to strengthen SME sector for economic growth, it is important to further reduce the cost of using digital financial services and increase the financial product portfolio on digital platforms.

The Role of Education and Technology Adaptation in Poverty Reduction in Indonesia

2021 ◽  
Vol 1 (1) ◽  
pp. 124-127
Author(s):  
Novi Firmawati ◽  
◽  
Budi Sasongko
Keyword(s):  
Economic Growth ◽  
Poverty Alleviation ◽  
Poverty Reduction ◽  
Moving Average ◽  
Negative Relationship ◽  
Secondary Data ◽  
Technological Adaptation ◽  
Education Investment ◽  
The People

This study examines the role of education in improving technology adoption as reflected in technology inclusion, poverty alleviation and efforts to increase community income which is reflected in economic growth. This study uses secondary data from world banks and processed regression using the moving average autoregression method. We found that education investment and technology inclusion were positively related to economic growth. And,negatively related to probability. This indicates that education plays a role in encouraging technological inclusion which reflects technological adaptation and encourages economic growth which is an indicator of the prosperity of the people in Indonesia which is strengthened by a negative relationship with poverty which indicates that education plays an important role in poverty alleviation

The Role of Government Subsidies in Increasing Consumption and Economic Growth in Efforts to Reduce Poverty in Indonesia

2021 ◽  
Vol 1 (1) ◽  
pp. 43-46
Author(s):  
Yusi Okta Rama ◽  
◽  
Sri Harnani
Keyword(s):  
Economic Growth ◽  
Poverty Reduction ◽  
Moving Average ◽  
Secondary Data ◽  
Poverty Line ◽  
Poor People ◽  
Role Of Government ◽  
Government Subsidies ◽  
Public Consumption

This study examines the role of government subsidies in increasing consumption and economic growth in poverty reduction efforts in Indonesia. This study uses secondary data from world banks and is processed by regression using the moving average autoregression method. We find that subsidies without empowering the poor in contributing to the economy only increase public consumption without reducing the number of poor people. Where more and more subsidies are given, it increases the number of people living in poverty line with an income below 3.2 USD per day.

scholarly journals Finance For Growth and Policy Options for Emerging and Developing Economies: The Case of Nigeria

2015 ◽  
Vol 2 (2) ◽  
pp. 20-38
Author(s):  
Wumi Olayiwola ◽  
Henry Okodua ◽  
Evans S Osabuohien
Keyword(s):  
Economic Growth ◽  
Financial Services ◽  
Developing Economies ◽  
Emerging Market ◽  
Financial System ◽  
Government Policies ◽  
Policy Options ◽  
Financial Policies ◽  
The Impact

Finance is generally regarded as important for economic growth, but the role of finance in economic growth is a controversial issue in the economic literature. The concept of “finance for growth” refocuses the relationship between finance and economic growth by redirecting the role of government policies in finance, and recognizes how finance without frontiers is changing what government policies can do and achieve. The focus of this paper is not to join the debate, nor to analyse the impact of financial development on economic growth, but to discuss the concept of “finance for growth” within the context of emerging and developing economies. The increasing development needs of Emerging Market Economies (EMEs) to raise per capita income, reduce unemployment rate, construct and maintain basic infrastructure, and invest more in human capital, make the role of finance for growth in these economies indispensable. The paper reviews the financial policies in selected EMEs including: China, South Africa and Nigeria and attempts to situate the Nigerian economy among the EMEs within the context of Finance for Growth. The paper notes that financial policies designed in various EMEs had the similar goal of making the financial system to provide key financial functions. However, large differences exist in the efficiency of the financial system in each country. The paper found that what matters to economic growth is access to financial services or financial inclusion and not which sector supplies the funds. The paper suggests appropriate policy options to build confidence in the Nigerian financial system.

The Role of Human Capital Investment in Poverty Alleviation and Improvement of Indonesian Human Performance in Dignified Economic Independence

2021 ◽  
Vol 1 (1) ◽  
pp. 132-135
Author(s):  
Nur Sholeh Hidayat ◽  
◽  
Eddy Priyanto
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Capital Investment ◽  
Human Performance ◽  
Moving Average ◽  
Human Capital Investment ◽  
Secondary Data ◽  
Economic Independence ◽  
Education And Health

This research studies the role of human capital investment through the mechanism of improving education and health services in efforts to alleviate poverty and increase economic independence with dignity in the form of improving the performance of Indonesia's human resources which is reflected in Indonesia's economic growth. This study uses secondary data from world banks and processed regression using the moving average autoregression method. We find that investment in education and investment in health is positively related to economic growth. And, poverty is negatively related to economic growth. This indicates that human capital investment in Indonesia is able to promote economic growth and alleviate poverty in Indonesia.

The Position Of The Bank Indonesia As The Lender Of Last Resort After The Enactment Of Law No. 9 Of 2016 On Prevention And Mitigation Of Financial System Crisis

2017 ◽  
Vol 5 (4) ◽  
pp. 08-11
Author(s):  
Theresia Anita Christiani
Keyword(s):  
Data Analysis ◽  
Central Bank ◽  
Financial Services ◽  
Qualitative Data ◽  
Secondary Data ◽  
Jel Classification ◽  
Lender Of Last Resort ◽  
Short Term ◽  
Paper Review

Objective - This paper explores the role of the Indonesian Central Bank as the Lender of the Last Resort. Methodology/Technique - This research uses normative juridical research and secondary data. Findings - The results indicate that the Bank of Indonesian, in coordination with the Financial Services Authority, still has the authority to grant short-term loans for banks with liquidity issues. Nevertheless, the Bank of Indonesia does not have authority to provide emergency finance facilities where the funding is granted at the government's expense. Novelty - This paper uses normative juridical research and qualitative data analysis. Type of Paper - Review. Keywords: Authority, Bank, Crises, Position, Prevention, Indonesia. JEL Classification: K10, K20.

scholarly journals DOES FINTECH MATTER FOR INDONESIA’S ECONOMIC GROWTH?

2019 ◽  
Vol 22 (4) ◽  
pp. 437-456
Author(s):  
Seema Wati Narayan
Keyword(s):  
Economic Growth ◽  
Financial Services ◽  
Trade Openness ◽  
First Year ◽  
Stock Market Development ◽  
Endogenous Growth Theory ◽  
Investment And Financing ◽  
Second Year ◽  
Financial Technology

This paper investigates the role of financial technology (FinTech) in propelling economic growth in Indonesia from 1998 to 2018. The FinTech industry employs a technology-based business model to provide financial services, including lending, payment, investment, and financing services. The study is motivated by endogenous growth theory, which seeks to explain technology as the most important driver of economic growth. The study finds that FinTech startups are positively correlated with Indonesia’s economic growth. FinTech firms in their first year are found to be disruptive, but they fail to have serious consequences on Indonesia’s economic growth; however, they seem to significantly encourage economic growth in their second year. These findings are derived after accounting for other important growth determinants, namely, capital per labor, foreign direct investment (FDI), stock market development, and trade openness.

scholarly journals The Role of Debt Covenant in Moderating the Effects of Poilitical Cost on Accounting Conservatism

2020 ◽  
Vol 5 (9) ◽  
pp. 505-510
Author(s):  
Nur Fatwa Basar ◽  
Andi Hendro
Keyword(s):  
Financial Services ◽  
Stock Exchange ◽  
Secondary Data ◽  
Accounting Conservatism ◽  
Debt Covenants ◽  
Financial Reports ◽  
Political Costs ◽  
Political Cost ◽  
Debt Covenant

The purpose of this study was to analyze the direct effect of political cost and debt covenant on accounting conservatism. Besides, this study also analyzes the role of debt covenants as a moderator between the effect of political cost on accounting conservatism. The companies that are the samples are companies indexed on the IDX30 other than financial services companies and companies with non-rupiah financial reports. the data used is secondary data from the financial statements of 20 companies listed on the Indonesian stock exchange. data analysis using multiple linear regression and analysis of variance. The results showed that political cost directly affects accounting conservatism positively and significantly. whereas debt covenant does not have a direct significant effect on accounting conservatism. Besides, this study shows the role of debt covenants in strengthening the effect of political costs on accounting conservatism.

scholarly journals Penerapan Alternatif Akad Pembiayaan Haji dan umrah Pasca Peraturan Menteri No 24 Tahun 2016 Pada Bank Panin Dubai Syariah Surabaya

2018 ◽  
Vol 2 (1) ◽  
Author(s):  
Fitrotu Aini
Keyword(s):  
Financial Services ◽  
Government Regulation ◽  
Islamic Law ◽  
Secondary Data ◽  
Study Approach ◽  
Left Behind ◽  
Secondary Data Source ◽  
The Government ◽  
The Cost ◽  
Financial Agreement

ABSTRACTHajj as a great symbol of worship. Hajj is the fifth pillar of Islam which is mandatory for every Muslim who are able to da it in accordance with the legal requirement of pilgrimage. One of the legal conditions of Hajj is the capability, capable to cover the cost of the hajj and the family left behind. Panin Bank Dubai Sharia Bank was established based on the regulation of Limited Company No. 12 dated January 8, 1972 by Moeslim Dalidd, a notary in Malang. PT. Bank Panin Dubai Syariah Tbk has been legalized by the Financial Services Authority ("OJK"), in accordance with a copy of the policy of the Board of Commissioners of OJK No. Kep-29 / D.03 / 2016 on July 26, 2016.Therefore, through this research, the writer wants to understand: (1) how is the practice of applying alternative financial agreement of hajj and umrah after the implementation of regulation made by ministry of religious affair No. 24 year 2016 at Panin Bank Dubai Syariah Surabaya branch? (2) What is the analysis of Islamic law on the practice of multilateral contract alternative application in this Bank? Therefore, this study is aimed to, firstly, understand and describe the application of alternative contracts to hajj and umrah after the regulation of Ministry of Religious Affairs No. 24 of 2016 in Panin Bank Dubai Sharia branch Surabaya, and to describe the analysis of Sharia Economic Law about the practice of applying alternative contract in the bank.The method used in this research is qualitative method. The research data are taken in natural situation in Panin Bank Dubai Syariah Surabaya. The data are taken during operational hours using case study approach. Are done through interview technique with the main participant, Assistant Manager 1, and document, archive, book, sample of registration, as secondary data source. The data are analyzed through 3 (three) data deduction, display data and ended with conclusion and verification.The results of the study indicate that the Panin Bank Dubai Sharia runs in accordance with the government regulation No. 24 year 2016 "BPS BPIH is prohibited from providing direct and indirect Hajj money service" including Hajj and Umrah services using various financing products and funds saving, funds collecting in the form of deposits, savings or other forms, using multi-service financing akad wadi'ah, with the savings of hajj services with initial minimum deposit of Rp500,000,and according to customers’ ability. Keywords: hajj, umrah, wadi'ah.

scholarly journals Empowering Women through Financial Inclusion in Zimbabwe Is the Gender Gap Not Encroaching This Noble Cause?

2021 ◽  
Vol 8 (1) ◽  
pp. 53-64
Author(s):  
Lettiah Gumbo ◽  
Precious Dube ◽  
Muhammad Ridwan
Keyword(s):  
Economic Growth ◽  
Gender Gap ◽  
Financial Services ◽  
Poverty Reduction ◽  
National Development ◽  
Financial Inclusion ◽  
Financial Products ◽  
Research Findings ◽  
The Government ◽  
Financial Awareness

One of the most effective catalysts of economic growth of any nation is obviously financial inclusion. However, in developing countries such as Zimbabwe gender gap is still an impediment to the achievement of financial inclusion for all. Research findings for this paper show that, increasing women’s financial opportunities and financial awareness on how to access financial products and services will go a long way in reducing the gender gap. Furthermore, increasing access to and use of quality financial products and services is essential to inclusive economic growth and poverty reduction. Although the government of Zimbabwe is taking steps to increase women financial inclusiveness, research shows that women in Zimbabwe trail behind men in as far as access to financial services is concerned. Zimbabwean communities remain dominantly patriarchal and women are always lagging behind in developmental projects meant for their empowerment. This paper seeks to assess the implementation of women’s financial inclusion highlighting opportunities and barriers such as the gender gap and how this may be overcome. The study is qualitative in nature and therefore makes use of interviews and questionnaires for data collection. It is envisioned by the researchers that the research findings will be beneficial to women; their empowerment and development and national development. It is hoped to change the way in which the banking and financial sectors deal with women’s financial inclusion for the betterment of their livelihoods.  Furthermore, women’s financial empowerment will improve livelihoods of many families given the caring nature of mothers, sisters, aunts and grandmothers.

scholarly journals PERTUMBUHAN EKONOMI DAN KEMISKINAN DI INDONESIA

2015 ◽  
Vol 2 (2) ◽  
Author(s):  
Ahmad Soleh
Keyword(s):  
Economic Growth ◽  
Poverty Reduction ◽  
Secondary Data ◽  
Left Behind ◽  
National Economic ◽  
West Papua ◽  
Welfare Society ◽  
Observation Period ◽  
Growth Indicator

Ahmad Soleh; Economic Growth and Poverty in Indonesia. Purpose of this observation to find out economic growth and poverty in Indonesia using secondary data obtained from Badan Pusat Statistik. During observation period in 2001-2011, the economic growth in Indonesia tend to enhancement experience with growth average 5,33% by year whereas the poverty population percentage in Indonesia is tend to reduction experience with average point 16,13% by year.The high economic growth be expected able to increasing welfare society but the high economic growth in one region not guarantee society welfare in that region, as the phenomenon that happen in West Papua Province which have the highest economic growth average in national (11,27% annually) but the poverty society percentage in West Papua occupy second position (35,77%), this position is after Papua Province. This phenomenon show the economin growth that not take sides at poverty society. Kawasan Barat Indonesia (KBI) has a adequately better condition if it compared with Kawasan Timur Indonesia (KTT) whether is view from economic growth indicator although view from the poverty. The KBI economic growth average is 5,45% annually and it’s above of average national economic growth and the percentage of poverty society is 43% while KTI is 57%. Generally Kawasan Timur Indonesia (KTI) and some region that incorporated in that region and included in left behind category. Necessarily, government should taking seriously and also make serious effort to decrease the disparity of development between territory and region economic growth acceleration, and also increase programs poverty reduction because it will take an effect to Indonesia economic matters entirely. Kata Kunci: Pembangunan,Disparitas,Pertumbuhan Ekonomi, dan Kemiskinan

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