scholarly journals Balance Scorecard Analysis of Increasing MSME Income During the Covid 19 Pandemic in Samosir District

2021 ◽  
Vol 2 (4) ◽  
pp. 233-245
Author(s):  
Nashrudin Setiawan ◽  
Emi Wakhyuni ◽  
Abdi Setiawan
Keyword(s):  
Economic Development ◽  
National Economy ◽  
Poverty Reduction ◽  
Local Economic Development ◽  
Small And Medium Enterprises ◽  
Community Empowerment ◽  
Economic Activities ◽  
Operating Profit ◽  
Almost All ◽  
The Impact

Micro, Small and Medium Enterprises (MSMEs) are the lifeblood of the regional and national economy. In general, MSMEs in the national economy have the following roles: (1) as the main actors in economic activities, (2) the largest provider of employment, (3) important players in local economic development and community empowerment, (4) creating new markets and sources of innovation, and (5) its contribution to the balance of payments. In addition, MSMEs also have an important role, especially in the perspective of employment opportunities and sources of income for the poor, income distribution and poverty reduction, and MSMEs also play a role in rural economic development. The existence of the 2019 Coronavirus disease (Covid 19 pandemic) at the end of 2019 became an international problem, including in Indonesia. The COVID-19 pandemic has had economic, social, and and politics in almost all countries, including Indonesia. The economic impact of the COVID-19 pandemic has also been felt by the MSME sector in Samosir Regency. The impact caused by this pandemic includes 5 aspects, namely 1) Sales aspects. The average decline in MSME sales is 61%, 2) Aspects of operating profit. The average decrease in operating profit is 62%, 3) Capital aspect. The number of MSMEs experiencing capital problems increased to 71.4%, 4) Aspects of the number of employees. In this aspect, MSMEs reduced the number of employees by 22%, and 5) Aspects of the ability to pay bank installments. Almost all MSME actors (especially micro-enterprises) experience problems in carrying out their obligations to banks. This study also found that MSME actors in Samosir Regency had implemented an online sales strategy, although not all. The number of MSMEs that carry out online strategies has increased during the Covid 19. The survival ability of MSMEs that sell online is stronger than MSMEs that only sell offline.

scholarly journals Dampak Dampak covid-19 terhadap Usaha MIkro, Kecil dan Menengah

2021 ◽  
Vol 4 (1) ◽  
pp. 662-669
Author(s):  
Siti Nuzul Laila Nalini
Keyword(s):  
National Economy ◽  
Small And Medium Enterprises ◽  
The World ◽  
Medium Enterprises ◽  
Almost All ◽  
The Impact

The COVID-19 pandemic has an impact on the economy, social and politics of not only big countries but almost all countries in the world. Indonesia is one of the countries affected especially on the economic side. Indonesia, which is dominated by Micro, Small and Medium Enterprises (MSMEs), needs to pay special attention to this sector because the contribution of MSMEs to the national economy is quite large. This journal aims to analyze the impact of the COVID-19 pandemic on the existence of MSMEs in Indonesia and how solutions can help MSMEs survive in a COVID-19 pandemic situation.

scholarly journals Kebijakan Pertanahan pada Era Masyarakat Ekonomi Asean (MEA)

2016 ◽  
Vol 2 (2) ◽  
pp. 227
Author(s):  
Hadi Arnowo ◽  
Djudjuk Tri Handayani
Keyword(s):  
Land Use ◽  
Poverty Reduction ◽  
Large Scale ◽  
Small And Medium Enterprises ◽  
Community Empowerment ◽  
Land Utilization ◽  
Goods And Services ◽  
The Government ◽  
Medium Enterprises ◽  
The Impact

Abstract : ASEAN Economic Community (AEC) has the aims to transform ASEAN into a stable, prosperous, and highly competitive region through equitable economic development, poverty reduction and socio-economic disparities. As a consequence, since 2015, ASEAN becomes region with free trade of goods, services, investment, and skilled labor. The impact of the implementation of MEA is shown by the price and quality of goods and services that become competitive, affecting domestic products and services from Small and Medium Enterprises (SMEs), as well as farmers. The government has sought to support SMEs and farmers through direct and indirect assistance. Land is the sector that has the most influential effect among other sectors to provoke economic growth of SMEs and farmers, because land has the function as natural resource as well as work location. To optimize this, land policies are needed to regulate land use arrangement, land asset legalization, control of land utilization and community empowerment through access reform. Asset legalization for SMEs and farmers, as well as asset legalization for infrastructures. Land use and land utilization control was implemented to optimize large-scale agricultural area by set up cooperation scheme with local people. Community empowerment was implemented through access reform, prioritized to the regions that have leading commodities or products. Keywords : competition, land use arrangement, assets legalization, land utilization, community empowermentIntisari : Pembentukan Masyarakat Ekonomi ASEAN (MEA) bertujuan untuk mentransformasikan ASEAN menjadi kawasan yang stabil, makmur, dan sangat kompetitif melalui ekonomi pembangunan yang adil, berkurangnya kemiskinan dan kesenjangan sosial-ekonomi. Sebagai konsekuensinya, ASEAN menjadi daerah dengan pergerakan bebas barang, jasa, investasi, tenaga kerja terampil, dan aliran modal sejak tahun 2015.Dampak pemberlakuan MEA adalah terjadinya persaingan harga dan kualitas barang dan jasa yang berpengaruh terhadap produk dan jasa domestik yang umumnya dilakukan oleh pelaku Usaha Kecil dan Menengah (UKM) dan petani. Pemerintah telah berupaya membantu pelaku UKM dan petani melalui bantuan langsung dan tidak langsung. Sektor pertanahan adalah sektor yang paling berpengaruh terhadap tumbuhnya perekonomian pelaku UKM dan petani. Hal tersebut karena tanah merupakan sumberdaya alam sekaligus ruang tempat berusaha. Agar dapat membantu pelaku UKM dan petani diperlukan langkah–langkah kebijakan pertanahan berupa penatagunaan tanah, legalisasi aset, pengendalian pemanfaatan tanah, dan pemberdayaan masyarakat melalui akses reform. Legalisasi aset bagi pelaku UKM dan petani serta legalisasi aset untuk infrastruktur. Pengendalian pemanfaatan tanah adalah untuk mengoptimalkan tanah pertanian berskala besar melalui kerjasama dengan penduduk sekitar. Pemberdayaan masyarakat dilaksanakan dengan menfasilitasi UKM dan petani untuk memperoleh akses permodalan dimana prioritas ditujukan pada lokasi–lokasi yang memiliki produk atau komoditi unggulan. Kata Kunci : kompetisi, penatagunaan tanah, legalisasi aset, pemanfaatan tanah, pemberdayaan masyarakat

scholarly journals Hard Infrastructure as Local Economic Development (LED) Enabling Environment in Selected Local Governments in Aichi Prefecture, Japan

2018 ◽  
Vol 3 (1) ◽  
pp. 44
Author(s):  
Marjorie D. Resuello
Keyword(s):  
Economic Development ◽  
Local Governments ◽  
Poverty Reduction ◽  
Local Economic Development ◽  
Small And Medium Enterprises ◽  
Participant Observation ◽  
Infrastructure Development ◽  
Wealth Creation ◽  
Enabling Environment ◽  
Aichi Prefecture

The study identified the Local Economic Development enabling environment to support small and medium enterprises (SMEs) in Aichi Prefecture, Japan. It employed participant observation research method in the national, regional, prefectural, city, and town governments, academic and research institutions, SMEs, chamber of commerce, business associations, and communities’ levels in Aichi Prefecture. The study revealed that Japanese government provides business support for SMEs as the force behind an economy with thriving SMEs industry. The support to hard infrastructure was identified as LED enabling environment fostering connectedness, innovation and value creation for SMEs’ attraction, growth, and global expansion. This is common among the selected local governments towards building up local competitiveness, addressing job and wealth creation, and promoting liveability through hard infrastructure development. The LED in Japan can be applied as a model for developing countries, especially in the ASEAN Region, in addressing poverty reduction and wealth creation.

IFRS IMPLEMENTATION AS ONE OF THE FACTORS FOR IMPROVING THE INVESTMENT CLIMATE IN UKRAINE

2017 ◽  
Author(s):  
Kateryna Sova ◽  
◽  
Natalia Yatsenko ◽  
Denys Zagirniak ◽  
◽  
...  
Keyword(s):  
Financial Reporting ◽  
Direct Investment ◽  
Financial Statements ◽  
International Standards ◽  
Investment Climate ◽  
The European Union ◽  
Economic Activities ◽  
Financial Reporting Standards ◽  
Almost All ◽  
The Impact

The article is devoted to the study of the impact of the introduction of International Financial Reporting Standards (IFRS) on changes in the investment climate in Ukraine. The relevance of the topic is that improving the practice of applying IFRS as a tool for exchanging financial information is one of the key conditions for improving the investment climate in Ukraine. The authors have created the generalized scheme that illustrates the chronological list of enterprises that are required by law to prepare financial statements in accordance with IFRS. It was noted that in 2018, in accordance with Part 2 of Article 12 of the law on accounting and financial reporting in Ukraine and resolution of the Cabinet of Ministers of Ukraine No. 547 from 11.07.2018, the criteria of enterprises that are required to prepare financial statements in accordance with IFRS were updated. This step significantly increased the level of application of international standards due to the adoption of such a decision at the legislative level. The dynamics of the number of IFRS enterprises in Ukraine was analyzed. The analysis showed that over the past three years, the number of almost all enterprises that must apply international standards has been growing. The advantages of using IFRS for different users of financial statements were determined. It was determined that the priority users of IFRS financial statements are investors. At the same time, it was noted that the main advantage for other users of financial statements prepared in accordance with international standards is the improvement of the investment climate. The dynamics of the Investment Attractiveness Index of Ukraine based on the Likert scale in the period from 2016 to 2020 was analyzed. The direct investment receipts to Ukraine from the European Union countries were studied. The dynamics of direct investment in the Ukrainian economy was analyzed for two types of economic activities that should form financial statements in accordance with IFRS, namely, the extractive industry and quarrying, as well as financial and insurance activities.

POVERTY REDUCTION, UNEMPLOYMENT AND RURAL DEVELOPMENT; AFTERMATH OF COVID-19 PANDEMIC IN NIGERIA

2021 ◽  
Vol 9 (1) ◽  
pp. 36-49
Author(s):  
Oderinu Hassana ◽  
◽  
Kadir Mumini ◽  
Tijani Adebayo ◽  
Keyword(s):  
Economic Development ◽  
Rural Development ◽  
Rural Areas ◽  
Poverty Reduction ◽  
Design Method ◽  
Gear Up ◽  
Global Pandemic ◽  
High Level ◽  
Almost All ◽  
Self Administered Questionnaire

Nigeria has one of the countries whose experience of poverty and unemployment is on the high side makes this study to look into the effect of the economic lockdown during the global pandemic in the country, with the aim of making effort on how this effect can be translated into economic development. Survey research design method was adopted with self-administered questionnaire used to collect data. Findings revealed that in Nigeria COVID -19 outbreak effects was felt in almost all sectors and the aftermath greatly affected the country’s GDP and this adversely affect rural development in the country, which translated to a worrisome rate of poverty and unemployment. Hence, both individual and government have now seen that campaigning for economic diversification is not sufficient for economic development but rather a prompt swing into action by all is needed for sustainable development of rural areas to respond to the worrisome rate of unemployment and in turn high level of poverty caused by the COVID-19 lockdown in the country. It was recommended that government at all level as well as individuals and stakeholders should put in place actions that would gear up rural development and set policies at their various helms of affairs that would encourage economic participation of all citizens in all sector of the economy.

scholarly journals Innovative Approach to Measuring the Impact of FDI on Some Macroeconomic Indicators in B&H

ECONOMICS ◽  
2018 ◽  
Vol 6 (1) ◽  
pp. 7-15
Author(s):  
Slobodan Subotić ◽  
Živko Erceg ◽  
Vladimir Marković ◽  
Goran Mitrović
Keyword(s):  
Economic Development ◽  
Foreign Direct Investment ◽  
National Economy ◽  
Direct Investment ◽  
Economic Life ◽  
Capital Export ◽  
Economic Surplus ◽  
Macroeconomic Indicators ◽  
Relationship Of ◽  
The Impact

SUMMARY The necessity of economic life and economic development of every economy is the free movement of capital. The international movement of capital has its balance of payment when capital export represents economic surplus in relation to consumption of the national economy and the import of capital represents an increase of consumption in regard to the output of a national economy. Analysis of the influence of foreign direct investment (FDI) on economic growth of the host country, among other things, is emphasized in the function of the achieved phase of its economic development. Taking all this into consideration, the aim of this paper refers to an attempt to indicate the significance and the role of FDI as well as the importance of attracting foreign direct investment in B&H and the determination of the effects of FDI on the economy of B&H. In this regard, we will try to determine the level of FDI’s impact on some macroeconomic indicators in B&H (GDP, import, export, unemployment) by using contemporary SPSS statistical analysis program (model) and applying the methods (calculating coefficients) of correlation and regression analysis. In other words, we will determine the analytical expression used to describe a statistical relationship of these macroeconomic categories.

scholarly journals The Development of Digital in the Covid-19 Pandemic

2021 ◽  
Author(s):  
Maria Digna R. Nahak
Keyword(s):  
Raw Materials ◽  
Small And Medium Enterprises ◽  
Asian Development Bank ◽  
Small Enterprises ◽  
Domestic Economy ◽  
Development Bank ◽  
Micro And Small Enterprises ◽  
Medium Enterprises ◽  
Almost All ◽  
The Impact

The global Covid-19 pandemic that has plagued all countries of the world has affect all sectors of people's lives. In Indonesia, almost all sectors experience impacts, especially the economic ecosystem which has been become the focus of society. Furthermore, the Covid-19 pandemic has made the slowdown in the economic sector in Indonesia with its various derivatives. The Micro, Small and Medium Enterprises (MSME) sector which is part of the most important sector of the economy is very important feel. This is what worried by all parties, because it has made the MSME sector experienced a significant decline. Moreover, currently many MSMEs are experiencing various problems such as: decrease in sales, capital, hampered distribution, difficulty in raw materials, decreased production and the occurrence of many layoffs for workers and hunting which later became a threat to the national economy. MSMEs as a driver of the domestic economy and a middle labor absorber face a decline in productivity which results in a decrease in profits significant. Even based on the related Asian Development Bank (ADB) survey, the impact of the pandemic on MSMEs in Indonesia, 88% of micro businesses run out of cash or savings, and more than 60% of these micro and small enterprises have reduced their workforce work.

scholarly journals PLASTIC CARDS AS THE MAIN SECTOR OF CASHLESS PAYMENTS

2018 ◽  
pp. 76-79 ◽  
Author(s):  
S. O. Kushu ◽  
Y. A. Sobka
Keyword(s):  
Economic Development ◽  
Banking Sector ◽  
Economic Activities ◽  
Tax Base ◽  
Financial Condition ◽  
Motivational Aspect ◽  
Calculation Methodology ◽  
Single Strategy ◽  
High Degree ◽  
The Impact

The article discusses the impact of plastic cards on minimizing the risks of the organization. Non-cash payments - is an integral part of the management of financial and economic activities of the banking sector within the framework of a single strategy of economic development, which is a process of systematic use of the optimal legal methods and methods to establish the desired future financial condition of the object in terms of limited resources and the possibility of their alternative use. The process of using plastic cards should be considered in a number of ways. The organizational aspect assesses the degree of formalization and regulation of the use of cashless payments. It is clear that the higher the degree of regulation of procedures, the higher the predictability and manageability of the process of cashless payments. Coordination is the degree of coordination among the participants. It is the result of a high degree of regulation of the process or effective operational work of the Department of non-cash payments. The methodology reflects the compliance of plastic cards calculation methodology adopted by the company, its production characteristics and financial and economic structure. The value of the motivational aspect of non-cash payments is that it makes it possible to stimulate the results of the work of the head, or the entire Department of non-cash payments. Stimulation is made by means of inclusion in the budget of division of the bonus Fund which can be used for payment of awards to employees of division and its head. The need to calculate Bank cards is inherent in the legislation itself, which provides for certain regimes for different situations, allows different methods for calculating the tax base and offers various benefits if they act in the desired directions to the authorities. In addition, the process of calculating plastic cards is due to the interest of the state in providing a number of advantages in order to stimulate any sphere of production, category, regulation of socio-economic development.

scholarly journals The impact of migration on the competitiveness of the region and industry development

2021 ◽  
Vol 307 ◽  
pp. 02003
Author(s):  
Stanislav Kotenko ◽  
Hanna Shvindina ◽  
Iryna Heiets
Keyword(s):  
Economic Development ◽  
Regional Competitiveness ◽  
Foreign Earnings ◽  
Industrial Enterprises ◽  
Need To Evaluate ◽  
Migrant Households ◽  
Almost All ◽  
Intellectual Potential ◽  
The Impact ◽  
Comprehensive Indicator

The impact of migration on Ukraine is multifaceted. It increases the threat of depopulation, leads to losing a part of the labour and intellectual potential, and thus, may become a factor inhibiting economic development. Today, there is a shortage of workers in almost all activities, especially in industry and construction. At the same time, according to scientists, in the absence of migration, unemployment in Ukraine would be 36.7% higher. Due to foreign earnings, the quality of life in migrant households is improving. Increasing consumer demand can contribute to the economic development of both individual regions and the country as a whole. This article aims to analyse the impact of migration processes on the regional competitiveness. Social, economic, and demographic factors should be taken into account when forming a comprehensive indicator of regional competitiveness. There is a need to evaluate the weight of individual factors and the mechanism of their impact on a comprehensive indicator of the regional competitiveness. Considering the findings of previous studies, the important role of industrial enterprises in assessing the level of regions' competitiveness is emphasized; it is necessary to study in more detail the relationship of migration processes and industrial potential of the region/country.

scholarly journals THE IMPACT OF EU STRUCTURAL FUND SUPPORT AND PROBLEMS OF ITS ABSORPTION

2013 ◽  
Vol 11 (1) ◽  
pp. 1-18 ◽  
Author(s):  
Daiva Jurevičienė ◽  
Jūratė Pileckaitė
Keyword(s):  
National Economy ◽  
Direct Investment ◽  
Statistical Data ◽  
Negative Impact ◽  
Structural Fund ◽  
Economic Activities ◽  
Structural Support ◽  
Short Period ◽  
The Impact ◽  
Eu Support

Targeted allocation of EU support in Lithuania can help resolving a number of problems and achieving significant results in a variety of areas. However, rush to absorb support may lead to a little, zero or even negative impact on national economy. In addition, EU support opportunities may distort investment motivation. This paper deals with issues related to the impact of EU support and problems of its absorption. The impact of EU support on the national economy has been established in three areas: attraction of foreign direct investment state investments into capital formation, and experience of companies, which are EU support beneficiaries. The paper proposes using regression analysis in search and evaluation of relations while obtaining more information about programmes, priorities and the impact of structural support on different indicators. In addition, it focuses on ascertaining the effectiveness of governmental and company spending. Furthermore, as companies – EU support beneficiaries – are engaged in different economic activities, their experience cannot be ascertained from statistical data; consequently, findings of an expert survey are presented to demonstrate the experience acquired by business companies as well as problems they face. Limitation of research was a short period of time to evaluate (only four years of the current funding period)

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