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Hubungan antara Partisipasi Pendidikan dan Pertumbuhan Ekonomi: Studi Kasus di Indonesia Utama, Wahyudayanto; Soesanti, Nina
Jurnal Penelitian Pendidikan Vol 19, No 1 (2019): STRATEGI PROSES BELAJAR MENGAJAR
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/jpp.v19i1.17139

Pendidikan dipercaya sebagai salah satu unsur yang dapat menumbuhkan perekonomian negara. Di Indonesia terjadi peningkatan partisipasi siswa untuk tingkat menengah dan tinggi dari tahun 1994 â€“ 2017 dan diwaktu yang bersamaan terjadi juga pertumbuhan ekonomi yang tinggi. Penelitian ini akan mencari hubungan antara partisipasi Pendidikan tingkat dasar, menengah, tinggi dan Produk Domestik Bruto (PDB). Data yang digunakan pada penelitian ini adalah data sekunder tentang partisipasi siswa dan PDB di Indonesia yang diambil dari Biro Pusat Statistik (BPS). Metode yang digunakan dalam mencari hubungan jangka pendek adalah uji Granger Causality, sedang untuk hubungan jangka panjang digunakan metode Vector Error Correction Model (VECM). Variabel yang digunakan pada penelitian ini adalah Angka Partisipasi Kasar (APK) Sekolah Dasar (SD), Sekolah Menengah Pertama (SMP), Sekolah Menengah Atas (SMA), Perguruan Tinggi (PT) dan PDB. Untuk uji stasioner variabel dan redisual digunakan uji Augment Dickey Fuller (ADF). Pada uji ADF diperoleh hasil bahwa variabel APK SD dan APK SMP stasioner pada tingkat Level, sehingga kedua variabel tersebut dihilangkan dari model awal. Hasil yang diperoleh untuk jangka pendek PDB mempengaruhi partisipasi pendidikan SMA; partisipasi pendidikan Perguruan Tinggi mempengaruhi PDB; partisipasi pendidikan SMA saling mempengaruhi dengan partisipasi pendidikan Perguruan Tinggi. Untuk jangka panjang diperoleh hasil APK PT dan APK SMA mempengaruhi PDB.

The Evolution of the Black-Scholes Model: A Bibliometric Analysis Medidjati, Adam; Utama, Wahyudayanto; Heryana, Toni; Hartono, Pierdijono
Journal of Accounting Research, Organization and Economics Vol 7, No 3 (2024): JAROE Vol. 7 No. 3 December 2024
Publisher : Universitas Syiah Kuala

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24815/jaroe.v7i3.37925

Objective To investigate the development of the Black-Scholes Model in financial research, identify its key contributors, and map its thematic evolution through a bibliometric analysis.Methodology This study employs bibliometric analysis, a research method that uses bibliographic data to analyze trends, patterns, and the impact of scholarly works in the financial research area. The data was extracted from the Scopus database, processed, and visualized using Microsoft Excel, R-Packages software, and the Biblioshiny Web Interface. The data extraction process was conducted on December 25, 2023, identifying 941 relevant documents, with 719 documents determined to be eligible for the analysis.Results The analysis reveals significant evolution in academic interest in the Black-Scholes Model since its introduction in 1978, with key contributors from the United States and the United Kingdom. Early research (19782000) focused on the theoretical basis of the model, while the period 20012010 marked its increasing relevance in economics. The 20112020 period saw the integration of the model in a wide range of economic applications. The 20212023 period highlights a new research focus on applications in fractional differential equations. The model has become an essential element in modern finance, driving innovation in finance education, policy, and cross-disciplinary applications.Research limitations/implications The study is limited by its reliance on data from the Scopus database, which may not encompass all relevant research. Future research could expand the analysis to include other databases and consider qualitative aspects of the Black-Scholes Model's applications.Novelty/Originality This research underscores the importance of the Black-Scholes Model in the evolution of modern finance and its diverse applications. It makes a significant contribution to the study of economics and finance by providing a comprehensive bibliometric analysis of the model's development, key contributors, and thematic evolution.

Comparative Analysis of Futures Option Characteristics in Spot and Futures Markets Between Asia and Europe: Validation of Put-Call Parity and the Role of Market Volatility Thomas Nadeak; Toni Heryana; Wahyudayanto Utama; H. Nugraha; Maya Sari
West Science Social and Humanities Studies Vol. 3 No. 01 (2025): West Science Social and Humanities Studies
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsshs.v3i01.1571

This study aims to analyze the development of research related to “futures options” using a bibliometric approach based on Scopus data with the keyword “futures options,” covering 280 journal articles for the period 1973-2024. The analysis was conducted using Biblioshiny in R-Studio for bibliometrics and VOSviewer for keyword network visualization. Results showed that dominant themes included implied volatility, stochastic volatility, and price dynamics with a focus on hedging strategies, risk, and derivatives market dynamics. The network visualization revealed modern themes such as sustainability and climate change, indicating the potential integration of these financial instruments with global sustainability issues. Inter-author collaboration was high, averaging 2.22 authors per document, with 22.5% of documents involving international authors. The study also noted high relevance with the average citations per document reaching 24.81 and an annual growth rate of 2.76%. Temporal analysis showed a significant increase since the 1980s, a peak in 2010-2020, and a decline in 2020-2024, influenced by shifts in research focus or the impact of the COVID-19 pandemic. Visualization through VOSviewer identified five main clusters, with implied volatility having strong connections to hedging and stochastic volatility, while new themes such as sustainability are still in the early stages of exploration. The study concludes that while the futures options theme is mature, there are opportunities for exploration in lesser explored topics such as the integration of sustainability issues and cross-regional analysis, providing a comprehensive picture of the research landscape and future directions.

Bibliometric Analysis of Value at Risk in Islamic Portfolio: Trends, Gaps, and Future Directions Yulandri, Elsa; Heryana, Toni; Utama, Wahyudayanto; Nugraha; Waspada, Ikaputera; Purnamasari, Imas
Journal of Islamic Economics and Business Vol. 4 No. 2 (2024): Journal of Islamic Economics and Business
Publisher : Fakultas Ekonomi dan Bisnis Islam

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15575/jieb.v4i2.45494

This study explores trends, intellectual structures, and thematic evolution in the literature on Value at Risk (VaR) for Islamic portfolios, identifying research gaps and proposing future directions. Using bibliometric analysis, it synthesizes 311 articles from the Scopus database (2005–2025) through Biblioshiny in RStudio and VOSviewer, focusing on publication trends, influential authors, affiliations, and thematic structures. The findings reveal steady growth in VaR literature for Islamic portfolios, with a 3.53% annual growth rate and contributions from 677 authors. Key contributors include Hammoudeh S., Mensi W., and institutions like International Islamic University Malaysia and Prince Sultan University. Thematic analysis highlights advanced methodologies such as GARCH and wavelet analysis, enhancing Islamic finance approaches. Thematic evolution shows a shift from foundational Islamic finance topics to complex analyses of volatility spillovers and dynamic connectedness. The study identifies nine research clusters and recommends integrating ESG considerations, improving risk management, and strengthening portfolio diversification. This research offers valuable insights for practitioners and policymakers in Islamic finance, underscoring the importance of tailored risk assessment tools. It provides a roadmap for scholars to address gaps, particularly in adapting conventional VaR methods to align with Islamic principles. To the authors’ knowledge, this is the first comprehensive bibliometric analysis on VaR in Islamic portfolios, significantly contributing to the literature by mapping intellectual landscapes and offering actionable future research directions.

Comparative Analysis of Futures Option Characteristics in Spot and Futures Markets Between Asia and Europe: Validation of Put-Call Parity and the Role of Market Volatility Nadeak, Thomas; Heryana, Toni; Utama, Wahyudayanto; Nugraha, H.; Sari, Maya
West Science Social and Humanities Studies Vol. 3 No. 01 (2025): West Science Social and Humanities Studies
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsshs.v3i01.1571

This study aims to analyze the development of research related to “futures options” using a bibliometric approach based on Scopus data with the keyword “futures options,” covering 280 journal articles for the period 1973-2024. The analysis was conducted using Biblioshiny in R-Studio for bibliometrics and VOSviewer for keyword network visualization. Results showed that dominant themes included implied volatility, stochastic volatility, and price dynamics with a focus on hedging strategies, risk, and derivatives market dynamics. The network visualization revealed modern themes such as sustainability and climate change, indicating the potential integration of these financial instruments with global sustainability issues. Inter-author collaboration was high, averaging 2.22 authors per document, with 22.5% of documents involving international authors. The study also noted high relevance with the average citations per document reaching 24.81 and an annual growth rate of 2.76%. Temporal analysis showed a significant increase since the 1980s, a peak in 2010-2020, and a decline in 2020-2024, influenced by shifts in research focus or the impact of the COVID-19 pandemic. Visualization through VOSviewer identified five main clusters, with implied volatility having strong connections to hedging and stochastic volatility, while new themes such as sustainability are still in the early stages of exploration. The study concludes that while the futures options theme is mature, there are opportunities for exploration in lesser explored topics such as the integration of sustainability issues and cross-regional analysis, providing a comprehensive picture of the research landscape and future directions.

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