PENGARUH PERTUMBUHAN EKONOMI DAN PENDAPATAN ASLI DAERAH TERHADAP TINGKAT KEMANDIRIAN KEUANGAN DAERAH (STUDI KASUS PADA KOTA MANADO, KOTA BITUNG,  KOTA TOMOHON DAN KOTA KOTAMOBAGU

ABSTRAK Kemandirian keuangan daerah di era otonomi merupakan salah satu tujuan pencapaian penyelenggaraan otonomi daerah dalam era reformasi. Setiap daerah otonom yang baru mengejar hal tersebut. Pertumbuhan ekonomi dan Pendapatan Asli Daerah merupakan faktor yang berpengaruh terhadap kemandirian keuangan daerah. Penelitian ini bertujuan untuk mengetahui pengaruh pertumbuhan ekonomi dan pendapatan asli daerah terhadap kemandirian keuangan daerah di Sulawesi Utara melalui penelitian pada empat Kota di Sulawesi Utara yakni Kota Manado,Tomohon,Bitung dan Kotamobagu. Data yang digunakan adalah data sekunder time series dan cross sectional dalam bentuk panel data tahun 2007-2016. Metode analisis yang digunakan adalah analis regresi berganda. Hasil analisis menunjukkan bahwa pertumbuhan ekonomi tidak memiliki pengaruh yang signifikan terhadap kemandirian keuangan daerah. Pendapatan Asli Daerah memilik pengaruh yang signifikan terhadap kemandirian keuangan daerah. Secara bersama-sama pertumbuhan ekonomi dan pendapatan asli daerah memiliki pengaruh yang signifikan terhadap tingkat kemandirian keuangan daerah di Sulawesi Utara. Kata Kunci : Pertumbuhan Ekonomi, Pendapatan Asli Daerah, Kemandirian Keuangan Daerah. ABSTRACT A budget is a work plan within a certain period of a department / function / part of the organization and Regional financial autonomy in the era of autonomy is one of the goals of achieving regional autonomy in the reform era. Each new autonomous region is pursuing it. Economic Growth and Local Revenue are the factors that affect the regional financial independence. This study aims to determine the effect of economic growth and Ramona L. Gaghana, 16062101024, local revenue on the regional financial independence in North Sulawesi through research on four cities in North Sulawesi namely Manado, Tomohon, Bitung and Kotamobagu. The data used are secondary time series and cross sectional data in panel data form 2007-2016. The analytical method used is multiple regression analyst. The results of the analysis show that economic growth has no significant effect on local financial independence. Local Original Revenue has a significant influence on local financial independence. Together economic growth and local revenue have a significant influence on the level of regional financial independence in North Sulawesi. Keywords: Economic Growth, Local Original Income, Regional Financial

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Pengaruh Pendapatan Asli Daerah dan Dana Perimbangan terhadap Pertumbuhan Ekonomi dan Kemiskinan di Provinsi Nusa Tenggara Timur

Telaah Bisnis ◽

10.35917/tb.v17i2.49 ◽

2017 ◽

Vol 17 (2) ◽

Author(s):

Marianus Manek ◽

Rudi Badrudin

Keyword(s):

Economic Growth ◽

Time Series ◽

Secondary Data ◽

Significant Positive Effect ◽

Cross Sectional ◽

Local Revenue ◽

Significant Negative Effect ◽

Negative Effect ◽

Equalization Fund ◽

Positive Effect

Abstract This study aims to analyze the influence of local revenue and equalization fund on the economic growth and the poverty of regencies/cities in the East Nusa Tenggara Province. Sample in this study consists of 21 regencies/cities in the East Nusa Tenggara Province. The type of data used in this study is secondary data, time series and cross-sectional data of regencies/cities since 2007 to 2016. Data are examined by using SEM-based variant named WarpPLS. The results of this study indicate that the local revenue had significant positive effect on economic growth, local revenue had significant negative effect on poverty, equalization fund had no significant negative effect on economic growth and poverty, and economic growth had no significant negative effect on poverty.

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The Effect of Foreign Portfolio Equity Purchases on Security Returns in Kenya: Evidence from NSE Listed Financial Institutions

International Journal of Economics and Finance ◽

10.5539/ijef.v9n4p202 ◽

2017 ◽

Vol 9 (4) ◽

pp. 202

Author(s):

Loice Koskei

Keyword(s):

Time Series ◽

Panel Data ◽

Stock Returns ◽

Financial Institutions ◽

Sampling Technique ◽

Ordinary Least Squares ◽

Capital Requirements ◽

Cross Sectional ◽

International Portfolio ◽

Security Returns

Foreign portfolio inflows increase the liquidity and the volume of finance available for financial institutions. At the same time, as foreign portfolio inflows finances in part the capital requirements of local companies, it can also increase the competitiveness of these companies. A huge surge of the inflows can be very inflationary because this forces the Central Bank of Kenya to expand the country’s monetary base by releasing counterpart domestic currency which eventually feeds into the inflationary process. The main aim of this study was to find out the effect of international portfolio equity purchases on security returns of listed financial institutions in Kenya. The study population was 21 financial institutions listed on the Nairobi Securities Exchange. Using purposive sampling technique the study concentrated on 14 financial institutions. The research design of the study was causal as it is concerned more with understanding the connection between cause and effect relationships. The study adopted panel data regression using the Ordinary Least Squares (OLS) method where the data included time series and cross-sectional. A unit root test was carried in this study to examine stationarity of variables because it used panel data which combined both cross-sectional and time series information. Panel estimation results indicated that international portfolio equity purchases have no effect on stock returns of listed financial institutions in Kenya. The study recommended implementation of regulations and policies that would attract foreign portfolio equity inflows in financial institutions.

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ANALISIS PENGARUH INVESTASI SWASTA , PENGELUARAN PEMERINTAH, DAN PENDUDUK TERHADAP PERTUMBUHAN EKONOMI DI KOTA BITUNG

JURNAL PEMBANGUNAN EKONOMI DAN KEUANGAN DAERAH ◽

10.35794/jpekd.15773.19.1.2017 ◽

2019 ◽

Vol 19 (1) ◽

Author(s):

Yandiles Weya ◽

Vecky A.J. Masinambow ◽

Rosalina A.M. Koleangan

Keyword(s):

Economic Growth ◽

Time Series ◽

Economic Activity ◽

Time Series Data ◽

Private Investment ◽

Least Square ◽

Series Data ◽

Ordinary Least Square ◽

North Sulawesi ◽

The City

ANALISIS PENGARUH INVESTASI SWASTA , PENGELUARAN PEMERINTAH, DAN PENDUDUK TERHADAP PERTUMBUHAN EKONOMI DI KOTA BITUNG Yandiles Weya, Vecky A.J. Masinambow, Rosalina A.M. Koleangan. Fakultas Ekonomi dan Bisnis, Magister Ilmu EkonomiUniversitas Sam Ratulangi, Manado ABSTRAKPada suatu periode perekonomian mengalami pertumbuhan negatif berarti kegiatan ekonomi pada periode tersebut mengalami penurunan. Kota Bitung periode tahun 2004-2014 mengalami pertumbuhan ekonomi yang fluktuasi. Adanya fluktuasi ini dapat dipengaruhi oleh investasi swasta, belanja langsung, dan penduduk Pertumbuhan ekonomi merupakan salah satu tolok ukur keberhasilan pembangunan ekonomi di suatu daerah. Pertumbuhan ekonomi mencerminkan kegiatan ekonomi. Pertumbuhan ekonomi dapat bernilai positif dan dapat pula bernilai negatif. Jika pada suatu periode perekonomian mengalami pertumbuhan positif berarti kegiatan ekonomi pada periode tersebut mengalami peningkatan. Sedangkan jikaTahun 2004-2014 yang bersumber dari Badan Pusat Statistik Provinsi Sulut dan Kota Bitung. Metode analisis yang digunakan adalah model ekonometrik regresi berganda double-log (log-log) dengan metode Ordinary Least Square (OLS). Penelitian ini bertujuan untuk mengetahui apakah perkembangan investasi swasta, belanja langsung, dan penduduk berpengaruh terhadap pertumbuhan ekonomi Kota Bitung. Data yang dipakai menggunakan data time series periodeHasil regresi model pertumbuhan ekonomi dengan persamaan regresinya yaitu LPDRB = - 4,445 + 0.036 LINV + 0.049 LBL + 2,229 LPOP. Dari hasil tersebutmenunjukkan perkembangan investasi swasta, belanja langsung dan penduduk berpengaruh positif dan signifikan terhadap pertumbuhan ekonomi Kota Bitung.Kata Kunci :pertumbuhan ekonomi, belanja langsung, penduduk, regresi bergandaABSTRACT The economy experienced a period of negative growth means economic activity in this period has decreased. Bitung-year period 2004-2014 economic growth fluctuations. These fluctuations can be influenced by private investment, direct spending, and population Economic growth is one measure of the success of economic development in an area. Economic growth reflects economic activity. Economic growth can be positive and can also be negative. If the economy experienced a period of positive growth means economic activity during the period has increased. Whereas if years 2004-2014 are sourced from the Central Statistics Agency of North Sulawesi Province and Bitung. The analytical method used is an econometric model double-log regression (log-log) with Ordinary Least Square (OLS). This study aims to determine whether the development of private investment, direct spending, and population affect the economic growth of the city of Bitung. The data used using time series data period. The results of the regression model of economic growth with the regression equation is LPDRB = - LINV 4.445 + 0.036 + 0.049 + 2.229 LPOP LBL. From these results show the development of private investment, direct expenditure and population positive and significant impact on economic growth of Bitung.Keywords: Economic growth, direct spending, population, regression.

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The Effect of Foreign Portfolio Equity Sales on Stock Returns in Kenya: Evidence from NSE Listed Financial Institutions

International Journal of Economics and Finance ◽

10.5539/ijef.v9n4p185 ◽

2017 ◽

Vol 9 (4) ◽

pp. 185

Author(s):

Loice Koskei

Keyword(s):

Time Series ◽

Panel Data ◽

Stock Returns ◽

Financial Institutions ◽

Unit Root Test ◽

Sampling Technique ◽

Ordinary Least Squares ◽

Cross Sectional ◽

High Volatility ◽

Study Population

Fluctuations of foreign portfolio equity intensify risk and unpredictability in financial institutions leading to high volatility. The main aim of this study was to find out the effect of foreign portfolio equity outflows on stock returns of listed financial institutions in Kenya. The study population was 21 financial institutions listed on the Nairobi Securities Exchange. Using purposive sampling technique the study concentrated on 14 financial institutions. The research design of the study was causal as it is concerned more with understanding the connection between cause and effect relationships. The study adopted panel data regression using the Ordinary Least Squares (OLS) method where the data included time series and cross-sectional. A unit root test was carried in this study to examine stationarity of variables because it used panel data which combined both cross-sectional and time series information. Panel estimation results indicated that foreign portfolio equity outflows have no effect on stock returns of listed financial institutions in Kenya. The study recommended implementation of policies that would curb foreign portfolio outflows in financial institutions in order to minimize reversals of foreign portfolio investments.

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ASYMPTOTICALLY UNBIASED ESTIMATION OF AUTOCOVARIANCES AND AUTOCORRELATIONS WITH LONG PANEL DATA

Econometric Theory ◽

10.1017/s0266466609990582 ◽

2010 ◽

Vol 26 (5) ◽

pp. 1263-1304 ◽

Cited By ~ 16

Author(s):

Ryo Okui

Keyword(s):

Time Series ◽

Panel Data ◽

Unobserved Heterogeneity ◽

Small Samples ◽

Unbiased Estimation ◽

Series Length ◽

Cross Sectional ◽

Long Run ◽

The Individual ◽

Time Invariant

An important reason for analyzing panel data is to observe the dynamic nature of an economic variable separately from its time-invariant unobserved heterogeneity. This paper examines how to estimate the autocovariances of a variable separately from its time-invariant unobserved heterogeneity. When both cross-sectional and time series sample sizes tend to infinity, we show that the within-group autocovariances are consistent, although they are severely biased when the time series length is short. The biases have the leading term that converges to the long-run variance of the individual dynamics. This paper develops methods to estimate the long-run variance in panel data settings and to alleviate the biases of the within-group autocovariances based on the proposed long-run variance estimators. Monte Carlo simulations reveal that the procedures developed in this paper effectively reduce the biases of the estimators for small samples.

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ASYMPTOTIC PROPERTIES OF THE CUSUM ESTIMATOR FOR THE TIME OF CHANGE IN LINEAR PANEL DATA MODELS

Econometric Theory ◽

10.1017/s0266466615000468 ◽

2016 ◽

Vol 33 (2) ◽

pp. 366-412 ◽

Cited By ~ 6

Author(s):

Lajos Horváth ◽

Marie Hušková ◽

Gregory Rice ◽

Jia Wang

Keyword(s):

Time Series ◽

Panel Data ◽

Common Factor ◽

Asymptotic Properties ◽

Real Data ◽

Stationary Time Series ◽

Model Errors ◽

Cross Sectional ◽

Monte Carlo Simulation Study ◽

The Common

We consider the problem of estimating the common time of a change in the mean parameters of panel data when dependence is allowed between the cross-sectional units in the form of a common factor. A CUSUM type estimator is proposed, and we establish first and second order asymptotics that can be used to derive consistent confidence intervals for the time of change. Our results improve upon existing theory in two primary directions. Firstly, the conditions we impose on the model errors only pertain to the order of their long run moments, and hence our results hold for nearly all stationary time series models of interest, including nonlinear time series like the ARCH and GARCH processes. Secondly, we study how the asymptotic distribution and norming sequences of the estimator depend on the magnitude of the changes in each cross-section and the common factor loadings. The performance of our results in finite samples is demonstrated with a Monte Carlo simulation study, and we consider applications to two real data sets: the exchange rates of 23 currencies with respect to the US dollar, and the GDP per capita in 113 countries.

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PENGARUH KEMANDIRIAN KEUANGAN DAERAH TERHADAP PERTUMBUHAN EKONOMI KABUPATEN/KOTA PROVINSI BANTEN

JURNAL EKONOMI DAN KEBIJAKAN PEMBANGUNAN ◽

10.29244/jekp.3.1.8-22 ◽

2018 ◽

Vol 3 (1) ◽

pp. 8-22

Author(s):

Stannia Cahaya Suci ◽

Alla Asmara

Keyword(s):

Economic Growth ◽

Panel Data ◽

Key Words ◽

Central Government ◽

Fiscal Decentralization ◽

Regional Finance ◽

Local Revenue ◽

Negative Effect ◽

Positive Effect ◽

Descriptive Method

Fiscal decentralization aims to improve regional finance independency and reduce the fiscal dependency of central government. However, in practice, there are many areas that still rely on the assistance central finance for their regional development. This research aims to discuss the development of regional finance independency and analyze the influence of regional finance independency on economic growth in Banten Province. This research uses descriptive method and panel data on 6 (six) regencies and cities in Banten Province at 2001-2011. The results showed the significantly positive effect of regional finance independency on economic growth and significantly negative effect of balance fund’s ratio on economic growth. Key words: local revenue, economic growth, panel data

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PENGARUH KEMANDIRIAN KEUANGAN DAERAH TERHADAP PERTUMBUHAN EKONOMI KABUPATEN/KOTA PROVINSI BANTEN

JURNAL EKONOMI DAN KEBIJAKAN PEMBANGUNAN ◽

10.29244/jekp.3.1.2014.8-22 ◽

2018 ◽

Vol 3 (1) ◽

pp. 8-22

Author(s):

Stannia Cahaya Suci ◽

Alla Asmara

Keyword(s):

Economic Growth ◽

Panel Data ◽

Key Words ◽

Central Government ◽

Fiscal Decentralization ◽

Regional Finance ◽

Local Revenue ◽

Negative Effect ◽

Positive Effect ◽

Descriptive Method

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PENGARUH KUNJUNGAN WISATAWAN DAN RATA-RATA PENGELUARAN WISATAWAN TERHADAP PAD DAN PERTUMBUHAN EKONOMI PROVINSI BALI

E-Jurnal Ekonomi dan Bisnis Universitas Udayana ◽

10.24843/eeb.2021.v10.i06.p02 ◽

2021 ◽

pp. 511

Author(s):

I Gede Dea Joendra Septyana Putra ◽

Ni Luh Karmini ◽

I Wayan Wenagama

Keyword(s):

Economic Growth ◽

Time Series ◽

Time Series Data ◽

Secondary Data ◽

Data Sources ◽

Series Data ◽

Local Revenue ◽

Analysis Technique ◽

Secondary Data Sources

This study aims to analyze the effect of the number of tourist visits and the average tourist expenditure on the local income of Bali Province, to analyze the effect of the number of tourist visits, average tourist expenditure, and local income on the economic growth of Bali Province, and to analyze the role of income. native areas in mediating the effect of the number of tourist visits and the average tourist expenditure on the economic growth of Bali Province. The data used in this research is secondary data, with the method of observation by observing documents or secondary data sources that are related. This study uses time series data with a total of 30 years of observations from 1990-2019, with the analysis technique used is Path Analysis. This study shows the results that the number of tourist visits and the average tourist expenditure have a positive and significant effect on local income in Bali Province. The number of tourist visits, the average tourist expenditure and local revenue have a positive and significant effect on economic growth in Bali Province. Own-source revenue mediates the effect of the number of tourist visits and the average tourist expenditure on economic growth in Bali Province.

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Analisis Pengaruh Pertumbuhan Ekonomi, Jumlah Angkatan Kerja dan Upah Minimum Regional Terhadap Pengangguran Terdidik di Jawa Timur

e-Journal Ekonomi Bisnis dan Akuntansi ◽

10.19184/ejeba.v4i2.5826 ◽

2017 ◽

Vol 4 (2) ◽

pp. 187

Author(s):

R. Achmad Ryan Z ◽

Nanik Istiyani ◽

Anifatul Hanim

Keyword(s):

Economic Growth ◽

Time Series ◽

Regression Analysis ◽

Panel Data ◽

Labor Force ◽

Cross Section ◽

Secondary Data ◽

Minimum Wages ◽

Panel Data Regression ◽

Data Regression

This research aimed to determine how much the influence of economic growth, the number of labor force and regional minumum wages on educated unemployment in East Java. The data used in this research is secondary data such as time series and cross section. The analytical method used in this research is panel data regression analysis. The results showed that variable of the economic growth was positifly and not significantly affect to the educated unemployment in East Java, whereas the number of labor force and regional minimum wages was positivly and significantly affect to the educated unemployment in East Java. Keywords: The Economic Growth, the Number of Labor Force and Regional Minimum Wages.

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