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All Journal JURNAL ECONOMIA E-Jurnal Ekonomi dan Bisnis Universitas Udayana Quantitative Economics Journal Panrita Abdi - Jurnal Pengabdian pada Masyarakat JMM (Jurnal Masyarakat Mandiri) EKUITAS (Jurnal Ekonomi dan Keuangan) Jurnal Ekonomi Pembangunan Jurnal Ekonomi Pembangunan Journal of Infrastructure Policy and Management (JIPM)

Anhar Fauzan Priyono

Departemen Ekonomi, Fakultas Ekonomi Dan Bisnis, Universitas Padjadjaran

Author-ID : 1027096

Civil Engineering, Building, Construction & Architecture Control & Systems Engineering Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Engineering Environmental Science Industrial & Manufacturing Engineering Other

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Credit Expansion and Its Impact on Income Inequality of the Provinces in Indonesia Anhar Fauzan Priyono; Pipit Pitriyan; Heriyaldi Heriyaldi; Indra Maipita
Jurnal Economia Vol 15, No 1: April 2019
Publisher : Faculty of Economics Universitas Negeri Yogyakarta in collaboration with the Institute for

AbstractThis research aims to study the determinants of income inequality at the provincial level in Indonesia, through observing MSMEs credit, government expenditure of education and health, school participation rate, and unemployment rate. We employed Fixed effect panel data, implementing Panel Corrected Standard Error (PCSE) and found that MSMEs credit, government expenditure on education, and school participation rate are significant in reducing income inequality. On the other hand, unemployment has been proven to have a positive impact on income inequality. However, implementation of National Health Insurance, relative to our period of observation, makes the result of government expenditure on health requires further analysis. Empirical result found that the increase in credit distribution to the MSME sector can reduce the level of income inequality and highest to lowest income ratio, on average in each province in Indonesia. The government is expected to focus on education and health budget to improve the community's quality of life. Keywords: Gini Index, Government Expenditure, Highest to Lowest Income Ratio, MSMEs credit expansion, Panel dataEkspansi Kredit dan Dampaknya terhadap Ketimpangan Pendapatan pada Provinsi di IndonesiaAbstrakPenelitian ini bertujuan untuk mempelajari faktor-faktor yang memengaruhi ketimpangan pendapatan di tingkat provinsi di Indonesia, dengan mengamati kredit UMKM, pengeluaran pemerintah untuk pendidikan dan kesehatan, tingkat partisipasi sekolah, dan tingkat pengangguran. Dengan memanfaatkan pendekatan Fixed Effect dengan Panel Corrected Standard Error (PCSE), ditemukan bahwa kredit UMKM, pengeluaran pemerintah untuk pendidikan, dan tingkat partisipasi sekolah secara signifikan mampu mengurangi ketimpangan pendapatan. Di sisi lain, pengangguran terbukti memiliki dampak positif pada ketimpangan pendapatan. Namun, penerapan Jaminan Kesehatan Nasional, relatif terhadap periode pengamatan kami, membuat hasil pengeluaran pemerintah untuk kesehatan memerlukan analisis lebih lanjut. Di lain pihak, ditemukan bahwa peningkatan distribusi kredit ke sektor UMKM dapat mengurangi tingkat ketimpangan pendapatan dan rasio pendapatan tertinggi hingga terendah, rata-rata di setiap provinsi di Indonesia. Pemerintah diharapkan fokus pada anggaran pendidikan dan kesehatan untuk meningkatkan kualitas hidup masyarakat. Kata Kunci: indeks Gini, pengeluaran pemerintah, highest to lowest income ratio, UMKM, ekspansi kredit

Determinants of Current Account Balance in ASEAN+6 Dewi Purnama; Budiono Budiono; Anhar Fauzan Priyono
Jurnal Economia Vol 17, No 2: October 2021
Publisher : Faculty of Economics Universitas Negeri Yogyakarta in collaboration with the Institute for

Abstract: The phenomenon of global current account imbalance has made researchers and policy makers provide more attention on current account issues. This phenomenon is illustrated by the US' current account deficit which continues to increase, while ASEAN+6 reaps a surplus. This study aims to study the factors that affect the aggregate current account in ASEAN+6 that have not been explained by previous studies. Based on the dynamic panel model (GMM) used, it was found that the variables Lagged-current account, ToT, Exchange Rate Stability, and Household Consumption have a significant effect on the aggregate current account in ASEAN+6. On the other hand, the REER and Government Expenditures do not have a significant effect on the ASEAN+6 current account. The benefit of this research is that it can be used for the formulation of current account policies to minimize the government's efforts to overcome a bigger issue: imbalance in balance of payment.Keywords: Current account balance, Generalized Method of Moment, ASEAN+6 Determinan Neraca Transaksi Berjalan di ASEAN+6Abstrak: Fenomena ketidakseimbangan transaksi berjalan global telah membuat para peneliti dan pembuat kebijakan memberikan perhatian lebih pada masalah transaksi berjalan. Fenomena ini tergambar dari defisit transaksi berjalan AS yang terus meningkat, sedangkan ASEAN+6 menuai surplus. Penelitian ini bertujuan untuk mempelajari faktor-faktor yang mempengaruhi neraca transaksi berjalan agregat di ASEAN+6 yang belum dijelaskan oleh penelitian-penelitian sebelumnya. Berdasarkan model panel dinamis (GMM) yang digunakan, ditemukan bahwa variabel Lagged-current account, ToT, Exchange Rate Stability, dan Household Consumption berpengaruh signifikan terhadap agregat current account di ASEAN+6. Di sisi lain, REER dan Belanja Pemerintah tidak berpengaruh signifikan terhadap transaksi berjalan ASEAN+6. Manfaat dari penelitian ini adalah dapat digunakan untuk perumusan kebijakan transaksi berjalan untuk meminimalkan upaya pemerintah mengatasi masalah yang lebih besar: ketidakseimbangan neraca pembayaran.Kata kunci: Neraca transaksi berjalan, Generalized Method of Moment, ASEAN+6

VOLATILITAS INDEKS KOMPOSIT PASAR MODAL ASEAN-3 Anhar Fauzan Priyono
Quantitative Economics Journal Vol 5, No 4 (2016)
Publisher : Universitas Negeri Medan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24114/qej.v5i4.17490

Rapid integration between domestic and world economy in the last decade has been a major issue. For Indonesia, the situation has been accelerated by the adoption of floating exchange rate regime in 1997, also with the development of Indonesia stock exchange. One notable financial variable that often exposed to external shocks is stock market index. This research will analyzed the behavior of 3 major stock market indices in ASEAN, those are Jakarta Composite Index (JCI), Kuala Lumpur stock index (KLSE), and Singapore stock index (STI). The employment of volatility model is chosen to figured the behavior of those 3 indices, and to analyze the aggregate investment in each stock market. Observation will be based upon monthly basis, from 2010 until 2015.The findings in this research are (i) similarity in the movement behavior of ASEAN-3 stock market indices, (ii) Indonesia stock market shows the highest aggregate investment return relative to Malaysia and Singapore, (iii) Singapore stock market shows the lowest aggregate investment risk relative to Indonesia and Malaysia, as the representation of more developed stock market.

Transmisi Volatilitas antara Nilai Tukar dan Indeks Harga Saham Gabungan di Pasar Finansial Indonesia: Analisa Setelah Krisis Finansial Asia 1997 Anhar Fauzan Priyono
Quantitative Economics Journal Vol 6, No 3 (2017)
Publisher : Universitas Negeri Medan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24114/qej.v6i3.17543

Volatility of Indonesia Rupiah and Jakarta Composite Index remain one of main issues in Indonesia economy after 1997 Asian crisis. The objectives of this research are (1) determining the volatility of Indonesia Rupiah to US Dollar exchange rates and Jakarta Composite Index (JCI) and (2) analysing the dynamic volatility transmission between exchange rates and JCI. Exchange rate and JCI volatility were measured using GARCH(1,1) approach. Estimated using VAR model, this study found that current volatility of exchange rate (ER) respond significantly to the change of volatility of Jakarta Composite Index (JCI) in the previous 2 months. On the other hand, contribution of JCI volatility to ER is greater than ER volatility to JCI, supporting the portfolio balanced theory.

INTERNET DAN INFLASI: CROSS-COUNTRY PANEL ANALYSIS ATAS 5 NEGARA DI ASIA Anhar Fauzan Priyono
Quantitative Economics Journal Vol 5, No 1 (2016)
Publisher : Universitas Negeri Medan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24114/qej.v5i1.17481

The objective of this research is to understand the effect of internet utilization,proxied by numbers of internet user to inflation rate. Several other factors are alsobeing considered, which are growth of money supply, exchange rate, and world oilprice. There are China, India, Japan, Indonesia, and South Korea, consecutivelyrepresent top five countries with the biggest internet users in Asia to be observed.Pooled Least Square with Panel Corrected Standard Error has been employed interms of analysing inflation's behavior of those countries. The main finding of this research is that inflation and numbers of internet user are negatively correlated, while the causal effect is statistically not significant. This is most probable, since utilization of internet is still dominated by web surfing, social media, and online games. On the other hand, money supply, exchange rate, and world oil price has a positive relationship with inflation. Those findings are true for all the countries being observed.

KONSTRUKSI INDEKS KESTABILAN SISTEM KEUANGAN INDONESIA Anhar Fauzan Priyono
Quantitative Economics Journal Vol 6, No 1 (2017)
Publisher : Universitas Negeri Medan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24114/qej.v6i1.17535

Financial system stability is necessary to ensure a sustainable economic development. It undertakes 3 major functions: (i) payment system, (ii) financial intermediation, and (iii) managing risk. Data showed that the Indonesian economy experienced a negative correction in the event of financial instability, e.g bank panic in 1992, Asian financial crisis (1997), and Sub-prime mortgage crisis (2008). Therefore, it is necessary in having a method of financial stability index measurement, which in turn can be used to predict the direction of future financial stability. This research was conducted in order to provide an option incalculating the index of financial stability of Indonesia by two methods, namelyAggregation with Variance Equal Weight with Principal Component Analysis (PCA). The results show that the trend of Indonesian financial stability index which constructed through these two techniques have similar trend with a different magnitude. PCA method was employed in making reductions on variable dimensions without losing the information on the movement of the variable’s variation. There are four sectors to be included in the index. Those four sectors are banking sector, money market sector, capital market sector,and monetary sector. We found that the contribution of the financial performance of banks in Indonesia and the interest rate is the highest among other sector to the Indonesia financial stability.

THE EFFECT OF HEALTH INFRASTRUCTURE DEVELOPMENT, EDUCATION, AND THE NUMBER OF POPULATIONS ON ECONOMIC GROWTH IN NORTH SUMATERA PROVINCE Mariyatul Kubtiyah Ritonga; Anhar Fauzan Priyonob
Quantitative Economics Journal Vol 8, No 2 (2019)
Publisher : Universitas Negeri Medan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24114/qej.v8i2.23612

Economic Growth in North Sumatera priod 2000 until 2012 shows the condition that increases continuously, but the increase did not have an impact on education, health. This study aimed to analyze the influence of the health infrastructure, education infrastructure and population to economic growth in the province of North Sumatra simultaneously and partially. The data used are secondary data from BPS in North Sumatra time series from 2000 till 2012. Data analysis was performed by using OLS (Ordinary Least Square) with a multiple linear regression models estimated with the help of the program Eviews 7. The results of this study showed that simultaneous variable health infrastructure, education infrastructure and population have a significant effect on economic growth in the province North Sumatra. While partially concluded that variable infrastructure and population health positive and significant effect; educational infrastructure but not significant positive effect on economic growth in the province of North Sumatra. The results of this study also showed that the most dominant variables to economic growth in the province of North Sumatra is the total population.

PELATIHAN LITERASI KEUANGAN DIGITAL KEPADA PENGUSAHA MIKRO DI KABUPATEN BANDUNG, JAWA BARAT Nury Effendi; Budiono; Anhar Fauzan Priyono; Militcyano Samuel Sapulette; Vera Intanie Dewi
Panrita Abdi - Jurnal Pengabdian pada Masyarakat Vol. 6 No. 1 (2022): Jurnal Panrita Abdi - Januari 2022
Publisher : LP2M Universitas Hasanuddin

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20956/pa.v6i1.12656

The development of the digital Financial Services Sector (SJK) is very likely to threaten people who have minimal financial and digital literacy because they can be trapped in a vortex of debt. One group that is vulnerable to this is the micro-business group. This Community Service Program supports the National Strategy for Indonesian Financial Literacy (SNLKI) which was stipulated in POJK No.76 of 2016 to carry out financial education activities to improve public financial literacy. The focus of this activity is the micro-business group in Bandung Regency. This community service activity aims to increase understanding of economic and digital literacy through educational programs. The activities method through online training for small and medium entrepreneurs in Bandung Regency. This activity divide into three training sessions covering the motivation for digital financial literacy, financial health diagnostics using digital platforms, financial planning, making the proper budget, preparing emergency funds, and getting to know digital financial products and services. Based on a survey conducted on training participants, it was found that this training provided new knowledge or skills that were important to them, namely digital financial platforms, the benefits of financial planning, and how to manage finances properly, and realizing that emergency funds needed to be prepared since the beginning. Based on the survey results after the training, it can conclude that this educational activity enhances awareness to be competent in managing finances is essential. This type of training recommends regularly carrying to improve public financial literacy. --- Perkembangan Sektor Jasa Keuangan (SJK) digital sangat mungkin menjadi ancaman bagi masyarakat yang minim literasi keuangan dan digital karena bisa terjebak dalam pusaran permasalahan keuangan. Salah satu kelompok yang rentan akan hal ini adalah kelompok usaha mikro. Tingkat literasi keuangan yang rendah dapat mengakibatkan pengambilan keputusan yang kurang tepat, terutama terkait pada pengelolaan keuangan usahanya. Kegiatan pelatihan ini untuk mendukung program Strategi Nasional Literasi Keuangan Indonesia (SNLKI) yang ditetapkan pada POJK No.76 tahun 2016 untuk melakukan kegiatan edukasi keuangan guna meningkatkan literasi keuangan masyarakat. Kegiatan pengabdian kepada masyarakat ini bertujuan untuk meningkatkan pemahaman literasi keuangan dan digital yakni melalui program edukasi sesuai kebutuhan bagi para pelaku usaha. Metode pelaksanaan kegiatan melalui pelatihan kepada para pelaku usaha kecil dan menengah di Kabupaten Bandung yang dilakukan secara daring. Kegiatan ini terbagi kedalam tiga sesi pelatihan yang mencakup motivasi akan pentingnya melek keuangan digital, diagnosa kesehatan keuangan menggunakan platform digital, pembuatan perencanaan keuangan, membuat anggaran yang tepat, menyiapkan dana darurat dan mengenali produk dan jasa keuangan digital. Berdasarkan survei yang dilakukan kepada peserta pelatihan diperoleh hasil bahwa pelatihan ini memberikan pengetahuan atau keterampilan penting yang baru bagi mereka yakni tentang platform keuangan digital, manfaat dari perencanaan keuangan dan mengetahui cara pengelolaan keuangan dengan baik serta menyadari bahwa dana darurat perlu dipersiapkan sejak dini. Berdasarkan hasil survei yang dilakukan pasca pelatihan dapat ditarik sebuah kesimpulan bahwa kegiatan edukasi ini memberikan penyadaran penyadaran untuk menjadi cerdas dalam pengelolaan keuangan adalah penting. Pelatihan sejenis ini disarankan dalam dilakukan secara berkesinambungan untuk meningkatkan literasi keuangan masyarakat.

PENINGKATAN PEMAHAMAN PROGRAM BANTUAN DAN INSENTIF BAGI PELAKU USAHA UMKM, SERTA PERAN DIGITALISASI DI ERA PANDEMI COVID-19 DAN SESUDAHNYA Nury Effendi; Vera Intanie Dewi; Eva Erviani; Budiono Budiono; Anhar Fauzan Priyono; Militcyano Samuel Sapulette
JMM (Jurnal Masyarakat Mandiri) Vol 6, No 1 (2022): Februari
Publisher : Universitas Muhammadiyah Mataram

Abstrak: Tujuan Program Pengabdian Kepada Masyarakat ini adalah untuk peningkatan pemahaman atas program bantuan dan insentif pemerintah untuk pelaku UMKM serta peran pemanfaatan digitalisasi untuk peningkatan usaha di masa pandemi COVID-19 dan sesudahnya. Metode pelaksanaan kegiatan berbentuk sosialisasi dan penyuluhan. Kegiatan ini diikuti oleh sebanyak 52 pelaku usaha. Berdasarkan analisis awal kebutuhan para peserta diperoleh informasi bahwa upaya yang paling banyak telah dilakukan oleh peserta untuk mempertahankan usaha adalah peningkatan promosi/pemasaran dan inovasi produk. Sementara upaya mengakses bantuan dari pemerintah memiliki persentase paling rendah. Hal ini menarik untuk digali lebih jauh apakah terdapat kendala yang dihadapi ketika mengakses, kurang tersosialisasikannya program bantuan ataukah para pelaku ini enggan untuk mengakses bantuan. Sebanyak 13.5% pelaku usaha pernah mengakses insentif pemerintah, yakni mengakses Bantuan Produktif Usaha Mikro (BPUM). Hasil dari kegiatan ini diketahui sebanyak 85% peserta mendapatkan peningkatan pemahaman dan pengetahuan mengenai program insentif dan bantuan untuk jenis, cara mengakses dan pemanfataannya. Serta sebanyak 95% meningkat pemahamannya terkait pemanfaatan digitalisasi untuk usahanya. Hasil evaluasi kegiatan dilakuan melalui kegiatan interaktif tanya jawab selama kegiatan, game kuis serta umpan balik peserta melalui pengisian formulir online diakhir kegiatanAbstract: This community service program aims to improve SMEs’ knowledge on the COVID-19 government incentive programs for SMEs and on the importance of business digitalisation during and after the Pandemic. This community service program is conducted through a webinar. This activity was attended by 52 SMEs owners and operators. Based on the initial analysis of the needs of the participants, information was obtained that the most efforts made by the participants in maintaining their business were promotion/marketing improvement, product innovation. Meanwhile, efforts to access assistance from the government have the lowest percentage. It is interesting to explore further whether there are obstacles faced when accessing, lack of socialization of the aid program, or whether these actors are reluctant to access assistance. Of the 13.5% of business actors who access government incentives, most access the Micro Business Productive Assistance program (BPUM). The output of this activity is that 85% of the participants get an increase in understanding and knowledge about incentive and assistance programs for the types, ways to access and use them. And as much as 95% increased their understanding regarding the use of digitization for their business. The results of the activity evaluation were carried out through interactive question and answer activities during the webinar, quiz games and participant feedback through filling out online forms at the end of the webinar.

ANALISIS CALENDAR ANOMALIES DI PASAR SAHAM INDONESIA TAHUN 1998 – 2018 Hasna Fairuz Surachmadi; Anhar Fauzan Priyono; Heriyaldi Heriyaldi
EKUITAS (Jurnal Ekonomi dan Keuangan) Vol 5 No 2 (2021)
Publisher : Sekolah Tinggi Ilmu Ekonomi Indonesia (STIESIA) Surabaya(STIESIA) Surabaya

ABSTRACT The Efficient Market Hypothesis Theory of Fama states that stock prices cannot be predicted by its movement tendency (random walk). In some stock markets, the movement of stock prices has a seasonal effect, which is the repetition of stock movements at a certain time that can be called a calendar anomalies. The repetition or seasonal effect on rate of return shows that the stock price can be predicted, thus it can be exploited by investors to get the probability of a higher rate of return. This research aims to see whether calendar anomalies prevail in the Indonesian stock market by using the daily and monthly rate of return of LQ45 and the Jakarta Composite Index (JCI) with an observation period of 21 years from 1998 to 2018 and estimated using the GARCH-M model (1,1). The results of this research are the existence of daily anomalies on Monday as the day with the lowest rate of return and Wednesday as the day with the highest rate of return. In addition, we also get the results of monthly anomalies in August as the month with the lowest rate of return and December as the month with the highest rate of return.

Co-Authors Adi Nurzaman Agustinus Febi Dwi Purnama Budiono Budiono Budiono Budiono Budiono Dewi Purnama Eva Erviani Hasna Fairuz Surachmadi Heriyaldi Heriyaldi Heriyaldi Heriyaldi Indra Maipita Intan Dana Lestari Mariyatul Kubtiyah Militcyano Samuel Sapulette Militcyano Samuel Sapulette Nury Effendi Pamungkas, Eksa Pipit Pitriyan Prita Amalia Sutyastie Soemitro Remi Vera Intanie Dewi Wawan Hermawan Yogi Suprayogi Yudi Azis

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