Agus Tri Basuki
Study Program of Master of Economics, Faculty of Economics and Business, Universitas Muhammadiyah Yogyakarta, Indonesia

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The Role of QRIS Payment Digitalization and MSMEs in Driving Regional Economic Growth: Empirical Evidence from Regencies and Cities in the Regions Istimewa Yogyakarta Sukoco Sukoco; Agus Tri Basuki; Ayif Fathurrahman
International Journal of Educational Research & Social Sciences Vol. 7 No. 5 (2026): October 2026
Publisher : CV. Inara in Colaboration with www.stie-sampit.ac.id

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51601/ijersc.v7i5.1086

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Beyond Tourist Arrivals: The Role of Tourism Quality in Strengthening Regional Economic Resilience in Yogyakarta, Indonesia Fandy Fandy; Agus Tri Basuki; Diah Setyawati Dewanti
International Journal of Educational Research & Social Sciences Vol. 7 No. 5 (2026): October 2026
Publisher : CV. Inara in Colaboration with www.stie-sampit.ac.id

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51601/ijersc.v7i5.1084

Abstract

This study investigates the determinants of tourism economic resilience by examining the roles of tourism quantity and tourism quality in the Special Region of Yogyakarta, Indonesia. While previous studies predominantly emphasize tourist arrivals as the main driver of regional economic growth, limited attention has been paid to tourism quality indicators such as hotel occupancy rates and average length of stay. Using balanced panel data from five districts/cities during 2015–2024, this study employs panel data regression to analyze the effects of tourist arrivals, hotel occupancy rates, average length of stay, hotel capacity, and the post-pandemic period on the Gross Regional Domestic Product (GRDP) of the accommodation and food service sector. Model selection through the Chow and Hausman tests indicates that the Fixed Effects Model is the most appropriate estimation approach. The findings reveal that tourist arrivals, average length of stay, and hotel capacity positively and significantly influence sectoral GRDP, whereas hotel occupancy rates exhibit a significant negative relationship. Meanwhile, the post-pandemic recovery period does not have a statistically significant independent effect after controlling for tourism indicators. These findings extend the Tourism-Led Growth Hypothesis by demonstrating that tourism quality, particularly longer visitor stays, contributes more substantially to regional economic resilience than increasing visitor numbers alone. The study provides policy implications for promoting quality-oriented tourism strategies to enhance local value creation and sustainable regional economic development.
Determinants of Consumer Confidence During the COVID-19 Structural Break: Evidence from Yogyakarta, Indonesia Rahma Nurul; Agus Tri Basuki; Imamudin Yuliadi
International Journal of Educational Research & Social Sciences Vol. 7 No. 5 (2026): October 2026
Publisher : CV. Inara in Colaboration with www.stie-sampit.ac.id

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51601/ijersc.v7i5.1085

Abstract

Consumer confidence plays a crucial role in driving household consumption and maintaining regional economic stability, particularly during periods of economic uncertainty. This study aims to examine the effects of the COVID-19 pandemic, inflation, tourist arrivals, exchange rates (BI Rate), and the Regional Minimum Wage on the Consumer Confidence Index (CCI) in the Special Region of Yogyakarta. The study employs a quantitative approach using monthly time-series data covering the period from 2018 to 2025, obtained from Statistics Indonesia (BPS), Bank Indonesia (BI), and other official institutions. The analysis applies the Autoregressive Distributed Lag (ARDL) model, which enables simultaneous estimation of both short-run and long-run relationships among variables integrated at different orders, namely I(0) and I(1). The empirical findings indicate that consumer confidence exhibits strong persistence, implying that previous consumer perceptions significantly influence current confidence levels. In the short run, the COVID-19 pandemic and exchange rate depreciation have significant negative effects on consumer confidence, whereas inflation and tourist arrivals positively and significantly affect the Consumer Confidence Index. Meanwhile, the BI Rate and the Regional Minimum Wage do not have statistically significant effects on consumer confidence. These findings support the life cycle hypothesis theory, suggesting that household consumption decisions and consumer confidence are primarily shaped by expectations of permanent income and future economic prospects rather than temporary macroeconomic shocks. The study highlights the importance of maintaining macroeconomic stability, promoting tourism recovery, preserving exchange rate stability, and controlling inflation within a manageable range to strengthen consumer confidence and support sustainable regional economic growth.