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THE IMPACT OF E-COMMERCE ON INDONESIA ECONOMIC GROWTH: INTERMEDIATION MODELS WITH FINANCIAL TECHNOLOGY CONSTRAINT Nopiah, Ririn; Ekaputri, Retno Agustina; Barika, Barika; Febriani, Ratu Eva
Jurnal REP (Riset Ekonomi Pembangunan) Vol. 9 No. 1 (2024): April 2024
Publisher : Universitas Tidar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31002/rep.v9i1.1216

Abstract

The COVID-19 pandemic triggered economic shocks that adversely affected the global economy. Economic growth contracted significantly. Restrictions on economic activity trigger people's shopping behavior to switch to non-cash and online systems. E-commerce, as one part of digital economic transformation, has experienced a significant increase which impacts the flow of dissemination of ideas, innovations, and information, thus encouraging economic growth. This study analyzes the Impact of e-commerce on economic growth in Indonesia during the COVID-19 pandemic using intermediation models and fixed effect analysis. The results show that e-commerce negatively and significantly impacts economic growth during 2019 and 2021. Because e-commerce stimulates economic growth in a country but needs to be supported by quality infrastructure, quality broadband internet, online security (cyber security), and digital payment systems (e-payment). The variables of online financing, efficiency of government spending, length of schooling, and number of tourists have a positive and significant effect. Meanwhile, the poverty rate and human development index have a negative and significant effect. In maximizing e-commerce activities in Indonesia, strong support and collaboration from the government, financial institutions, and the Ministry of Communication and information technology are needed.
Effectiveness of Monetary Policy in Indonesia Pasaribu, Esti; Ekaputri, Retno Agustina; Yefriza, Yefriza
Integrated Journal of Business and Economics (IJBE) Vol 7, No 2 (2023): Integrated Journal of Business and Economics
Publisher : Universitas Bangka Belitung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33019/ijbe.v7i2.645

Abstract

This research investigated the effectiveness of the monetary policy in Indonesia. A cumulative summary test was used to determine the response of economic growth to monetary policy between 1990-2020. Furthermore, the data on gross national income, money supply, inflation, exchange rate, and interest rate was processed using error correction model regression. The results showed that monetary policy improved economic growth through channels of inflation and money supply, and the correlation was strong and valid both in the short and long term. The correlation of exchange rate and interest rate to economic growth was also observed to be significant only in the long term. The four variables had a significant, simultaneous effect on Indonesia's GDP. Therefore, the government needs to pay special attention to the enactment of monetary policy.
Saving and Investment Nexus in Indonesia: Revisiting Feldstein-Horioka Hypothesis Febriani, Ratu Eva; Ekaputri, Retno Agustina; Armelly, Armelly -
Integrated Journal of Business and Economics (IJBE) Vol 8, No 1 (2024): Integrated Journal of Business and Economics
Publisher : Universitas Bangka Belitung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33019/ijbe.v8i1.849

Abstract

The Indonesian economy cannot be separated from interaction with the economies of other countries, so changes in global conditions will also affect the Indonesian economy. A significant investment is needed to drive the domestic economy, while domestic capital accumulation is still insufficient. The relationship between savings and investment put forward by Feldstein and Horioka (FH) was reviewed for the case of Indonesia from 1981 to 2020. The VECM found a long-term and short-term relationship and a bidirectional Granger causality between saving and investment. The strength of the saving-investment correlation confirms the validity of the FH hypothesis in Indonesia.
Connectivity Infrastructure Spending and Its Indicator Achievement: Case Study of Southern Sumatra Region Nopiah, Ririn; Azansyah; Ekaputri, Retno Agustina; Sunaryo; Prasetya, Bayu Andy
Journal of Sustainable Economics Vol. 2 No. 2 (2024): Journal of Sustainable Economics
Publisher : TALENTA PUBLISHER UNIVERSITAS SUMATERA UTARA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32734/jse.v2i2.18708

Abstract

Connectivity infrastructure is one of the crucial aspects in the development of a region. The Indonesian government has allocated a significant budget for connectivity infrastructure spending. The effectiveness of infrastructure spending reflects how much the connectivity infrastructure indicators have been achieved. The increase in connectivity infrastructure spending must be directly proportional to the rise in the quality and quantity of connectivity infrastructure. This study aims to analyze the correlation between connectivity infrastructure spending and the achievement of its indicators, especially in the Southern Sumatra region. The analysis method used is the Pearson Correlation analysis method, an approach to analyzing growth and the effectiveness of connectivity infrastructure spending. The results show that infrastructure spending and the achievement of its indicators have a relatively weak and negative correlation for roads and bridges. This study provides implications that the Southern Sumatra Region still needs improvement and evaluation between the distribution of government spending and program implementation for better regional development effectiveness.