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Financial Development, Economic Growth, and Environmental Degradation Nexus in ASIAN Emerging Markets Intan Dana Lestari; Nury Effendi; Anhar Fauzan Priyono
Jurnal Ekonomi Pembangunan Vol 18, No 2 (2020): Jurnal Ekonomi Pembangunan
Publisher : Department of Development Economics, Universitas Sriwijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29259/jep.v18i2.12565

Abstract

Environmental degradation is one of the major problems in the world recently and one of the United Nations’ (UN) sustainable development goals (SDGs). Emerging markets countries that have become major players in the global economy and the main source of world economic growth have great potential to contribute the environmental degradation due to increased economic activities. This paper investigates the impact of financial development and economic growth on environmental degradation in Asian emerging markets. A panel environmental degradation model using financial development from banking sector and capital market sector, economic growth, Foreign Direct Investment (FDI), and urbanization variables that are major determinants of CO2 emission as a proxy of environmental degradation. The periods considered were 1980 – 2018 for banking model, and 1996 – 2018 for financial sector model (banking sector and capital market sector). A panel data approach applied such as cross-section dependence, panel unit root, panel cointegration, Fully Modified OLS (FMOLS) and Dynamic Ordinary Least Square (DOLS). The empirical finding revealed that in Asian emerging markets there is positively long-term relationship between financial development from banking model with environmental degradation. Nevertheless, we do not find any long-term relationship between financial development from financial sector model with environmental degradation. Moreover, the quadratic negative signed for economic growth showed the existence of Environmental Kuznets Curve (EKC).
Financial Development, Economic Growth, and Environmental Degradation Nexus in ASIAN Emerging Markets Intan Dana Lestari; Nury Effendi; Anhar Fauzan Priyono
Jurnal Ekonomi Pembangunan Vol. 18 No. 2 (2020): Jurnal Ekonomi Pembangunan
Publisher : Department of Development Economics, Universitas Sriwijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29259/jep.v18i2.12565

Abstract

Environmental degradation is one of the major problems in the world recently and one of the United Nations’ (UN) sustainable development goals (SDGs). Emerging markets countries that have become major players in the global economy and the main source of world economic growth have great potential to contribute the environmental degradation due to increased economic activities. This paper investigates the impact of financial development and economic growth on environmental degradation in Asian emerging markets. A panel environmental degradation model using financial development from banking sector and capital market sector, economic growth, Foreign Direct Investment (FDI), and urbanization variables that are major determinants of CO2 emission as a proxy of environmental degradation. The periods considered were 1980 – 2018 for banking model, and 1996 – 2018 for financial sector model (banking sector and capital market sector). A panel data approach applied such as cross-section dependence, panel unit root, panel cointegration, Fully Modified OLS (FMOLS) and Dynamic Ordinary Least Square (DOLS). The empirical finding revealed that in Asian emerging markets there is positively long-term relationship between financial development from banking model with environmental degradation. Nevertheless, we do not find any long-term relationship between financial development from financial sector model with environmental degradation. Moreover, the quadratic negative signed for economic growth showed the existence of Environmental Kuznets Curve (EKC).
Analisis Dampak Ekonomi dan Sosial Pembangunan Infrastruktur di Indonesia Prita Amalia; Yogi Suprayogi; Yudi Azis; Wawan Hermawan; Eksa Pamungkas; Adi Nurzaman; Anhar Fauzan Priyono
Journal of Infrastructure Policy and Management (JIPM) Vol. 4 No. 1 (2021): Journal of Infrastructure Policy and Management (JIPM)
Publisher : PT Penjaminan Infrastruktur Indonesia (Persero)

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Infrastructure projects are expected to deliver positive economic and social impact to the community. However, the model to analyze the economic and social impact is still limited. Therefore, this study aims to develop an economic and social impact model to be used for study the impact of infrastructure projects. The research focuses on several case studies of infrastructure projects which guaranteed by Indonesia Infrastructure Guarantee Fund (IIGF) both PPP (Public-Private-Partnership) Scheme and non-PPP Scheme on telco, water, tourism Sector. These sectors are believed to represented the major infrastructure development that cover both local, national, and international perspectives. The analytical method used to measure economic impacts from infrastructure development is a quantitative approach by using following attributes: Sectoral Economic Analysis, Potential Economic Analysis, Growth Accounting, Input-Output Table Analysis, and Statistical Forecasting. While, to analyse the social impact of infrastructure development, quantitative and qualitative approaches are used by In-depth Interview through questionnaire filling technique and Social Impact Assessment (SIA) method. In addition, this study also used legal approach method. The results show various economic impacts of project investment development, both in terms of potential and realization. Meanwhile, in terms of social impacts, there are various community responses to the realization of project development.
Analisis Dampak Ekonomi dan Sosial Pembangunan Infrastruktur di Indonesia Amalia, Prita; Suprayogi, Yogi; Azis, Yudi; Hermawan, Wawan; Pamungkas, Eksa; Nurzaman, Adi; Priyono, Anhar Fauzan
Journal of Infrastructure Policy and Management (JIPM) Vol. 4 No. 1 (2021): Journal of Infrastructure Policy and Management (JIPM)
Publisher : PT Penjaminan Infrastruktur Indonesia (Persero)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35166/jipm.401.0015

Abstract

Infrastructure projects are expected to deliver positive economic and social impact to the community. However, the model to analyze the economic and social impact is still limited. Therefore, this study aims to develop an economic and social impact model to be used for study the impact of infrastructure projects. The research focuses on several case studies of infrastructure projects which guaranteed by Indonesia Infrastructure Guarantee Fund (IIGF) both PPP (Public-Private-Partnership) Scheme and non-PPP Scheme on telco, water, tourism Sector. These sectors are believed to represented the major infrastructure development that cover both local, national, and international perspectives. The analytical method used to measure economic impacts from infrastructure development is a quantitative approach by using following attributes: Sectoral Economic Analysis, Potential Economic Analysis, Growth Accounting, Input-Output Table Analysis, and Statistical Forecasting. While, to analyse the social impact of infrastructure development, quantitative and qualitative approaches are used by In-depth Interview through questionnaire filling technique and Social Impact Assessment (SIA) method. In addition, this study also used legal approach method. The results show various economic impacts of project investment development, both in terms of potential and realization. Meanwhile, in terms of social impacts, there are various community responses to the realization of project development.
Financial Inclusion and Welfare: Comparison between Male-Headed and Female-Headed Households Lita Jowanti; Budiono; Anhar Fauzan Priyono
Jurnal Ekonomi Kuantitatif Terapan Vol. 18 No. 02 (2025): Agustus 2025
Publisher : Universitas Udayana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24843/JEKT.2025.v18.i02.p05

Abstract

Indonesia's Vision 2045 aims to become a high-income country by boosting per capita income and ensuring inclusivity. Financial inclusion is a key national strategy to drive economic growth and equitable welfare. This study examines the effect of household characteristics on financial inclusion and its impact on the welfare of male-headed and female-headed households, using SUSENAS data. Logistic regression and Propensity Score Matching methods were used. The findings reveal that productive mobile phone ownership, non-food expenditure proportion, higher education, productive-age members, social assistance, microenterprises, and urban residence increase the probability of financial inclusion, while agricultural sectors and older household heads reduce it. Financial inclusion positively affects welfare, with greater benefits observed among female-headed households. This study gives policymakers insights into designing more effective financial inclusion strategies to enhance household welfare. Keywords: financial inclusion, gender, propensity score matching, household JEL Classification: G21, J16, C21, D14