Muliyani
Sekolah Tinggi Ilmu Manajemen Sukma Medan

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Non-linear Inflation-Growth Nexus in Indonesia Ahmad Albar Tanjung; Muliyani; Sirojuzilam Hasyim; Monika Andrasari; Syarifuddin
Journal of Economics, Entrepreneurship, Management Business and Accounting Vol 4 No 4 (2026): Volume 4, Issue 4, July 2026
Publisher : CV. Sakura Digital Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61255/jeemba.v4i4.1090

Abstract

Purpose – This study primarily aims to assess the asymmetric effects of inflation on economic growth in Indonesia. Design/methodology/approach – The empirical work draws on annual time-series observations spanning 1990 to 2024. The data sources are the Central Statistics Agency, the World Bank, Bank Indonesia, the Ministry of Trade and Caldara & Iacoviell (2022) for the global geopolitics index. To capture the non-linear inflation and growth nexus in Indonesia, the Smooth Transition Threshold Regression (STR) framework is adopted. Global geopolitics, investment, government expenditure, and trade openness serve as the control variables. Finding/Results – For the retained specification, the Escribano-Jorda procedure points to a Logistic Smooth Transition Regression (LSTR) rather than an Exponential Smooth Transition Regression (ESTR). The estimates confirm that inflation, together with the controls, affects Indonesian growth asymmetrically. Within the lower regime, movements in inflation are positively and significantly linked to growth; global geopolitics, investment, and trade openness are positive yet statistically insignificant, whereas government expenditure exerts a significant positive influence on growth. In the non-linear component, the change in inflation turns significantly negative for growth. Over this segment, global geopolitics, investment, and trade openness are negative but insignificant, while government expenditure becomes significantly negative. A threshold for the change in inflation is identified at 3.42 per cent. Originality/Value – The contribution of the study lies in modelling the non-linear inflation and growth relationship through the STR method, an approach not previously deployed in the Indonesian setting, and in bringing a global geopolitical variable into the specification as a control.
PENGARUH LITERASI KEUANGAN, PERSEPSI RISIKO DAN MEDIA SOSIAL TERHADAP KEPUTUSAN INVESTASI GEN Z DI KOTA MEDAN Suti Andriani; Muliyani
Jurnal Manajemen dan Bisnis Equilibrium Vol. 12 No. 2 (2026): Jurnal Manajemen dan Bisnis Equilibrium
Publisher : Program Studi Manajemen, Fakultas Ekonomi dan Bisnis, Universitas Ngurah Rai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47329/jurnalmbe.v12i2.1870

Abstract

The purpose of this research is to examine how millennials in Medan City use social media, their level of financial education, and their perceptions of risk affect their investing choices. The research was quantitative in nature and relied on a survey design. Using the Slovin algorithm and selective selection, 400 respondents were chosen from the population of Generation Z living in Medan City. Questionnaires were used to gather data, which was then analyzed using PLS-SEM using SmartPLS. Based on the findings, it seems that Gen Z investors in Medan City are positively and significantly influenced by financial literacy, risk perception, and social media. After financial knowledge and social media, the most important factor affecting investment choices was risk perception. Financial literacy, the capacity to evaluate investment risks, and the use of social media as a source of investment information are all factors that Generation Z considers when making investment choices, according to the research. The research suggests that in order to help Generation Z make better investment decisions, it is important to improve financial literacy, educate them about investing risks, and provide them with reputable investment information via social media.