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Utang Dalam Negeri dan Pertumbuhan Ekonomi Sebuah Analisis Kausalitas: Bukti Empiris Indonesia Suhendra, Noval; Hatmawan, Aglis Andhita; Ningsih, Lia Sulistia; Hartini, Hartini; Shifa, Mutiara; Ariani, Dian; Tanjung, Indra Ismayudi
Jurnal Ilmiah Ekonomi Terpadu (Jimetera) Vol 4, No 1 (2024): JURNAL ILMIAH EKONOMI TERPADU
Publisher : Universitas Teuku Umar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35308/jimetera.v4i1.8789

Abstract

This research aims to analyze the impact of domestic debt on economic growth in Indonesia with a causal approach. The research data used is quarterly for the period 2004-2022. Meanwhile, the main variables analyzed in this research are projected economic growth through GDP, domestic debt, and several control variables such as exports, imports, and interest rates which are then analyzed using VECM. Based on the VECM estimation results, it is found that domestic debt has a negative and significant influence on economic growth in both the short and long term. On the other hand, economic growth has no significant influence on domestic debt. If we look at the percentage strength, in the short term, when a domestic debt shock occurs, it will fluctuate economic growth by 7 percent, while in the long term, the domestic debt shock will have an impact on economic growth of 24 percent. The results of this research can be a recommendation to the government or non-government institutions that in seeking additional financing these institutions can also make domestic loans, although the desired debt amount must be adjusted so as not to harm Indonesia's economic conditions.
FAKTOR - FAKTOR YANG MEMPENGARUHI PENGHIMPUNAN DEPOSITO MUDHARABAH PADA PERBANKAN SYARIAH DI INDONESIA Shifa, Mutiara; Soemitra, Andri; Sugiyanto, Sugiyanto
Jurnal Indonesia Sosial Sains Vol. 3 No. 02 (2022): Jurnal Indonesia Sosial Sains
Publisher : CV. Publikasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59141/jiss.v3i02.521

Abstract

The purpose of this study is to identify and analyze the factors that influence the accumulation of deposits in Mudharabah, an Islamic bank in Indonesia. The independent variables in this study are interest rate (X1), inflation (X2) and savings (X3), and the dependent variable is Mudarabah deposits. This study adopts quantitative research method. Quantitative research is research that uses data in numerical form. The results of the study show that interest rates have no significant effect on the mudharabah deposit component of Islamic commercial banks in Indonesia. This means that there is no influence between the interest rate variable (X1) on Mudharabah Deposits, Inflation has a partially significant effect on mudharabah deposits at Islamic Commercial Banks in Indonesia. This means that the Inflation variable (X2) has a significant effect on Mudharabah Deposits, Financing To Deposit Ratio (FDR) has a partially significant effect on mudharabah deposits at Islamic Commercial Banks in Indonesia. This means that the effect of the FDR variable (X3) on Mudharabah Deposits, Interest Rates, Inflation, and FDR simultaneously (simultaneously) has a significant effect on Mudharabah Deposits at Islamic Commercial Banks in Indonesia
SWOT Analysis of the Impact of Textile Factory Closures on Employment: A Study from an Islamic Economic Perspective Shifa, Mutiara; Ardiansyah, Ardiansyah; Muliana, Muliana; Sari, Cindi Permata; Mustaqin, Al
Riwayat: Educational Journal of History and Humanities Vol 8, No 4 (2025): Oktober, Social Issues and Problems in Society
Publisher : Universitas Syiah Kuala

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24815/jr.v8i4.51089

Abstract

This study analyzes the impact of textile factory closures on employment in Indonesia using the SWOT (Strengths, Weaknesses, Opportunities, Threats) framework integrated with the maqid al-sharah principles of Islamic economics. A descriptive qualitative method was applied, utilizing secondary data from BPS, the Ministry of Industry, and academic publications from 20182024. The results show that the main strengths of the textile industry lie in production capacity and labor absorption, while its weaknesses include dependence on imported raw materials and weak financial management. Opportunities arise from industrial downstream policies and local cultural-based products, whereas threats stem from global competition and economic instability. The integration of SWOT analysis with maqid al-sharah emphasizes justice, social responsibility, and workers welfare as essential elements in ensuring the sustainability of Indonesias textile industry.
The Role of Special Autonomy Funds (Otsus) in Improving the Human Development Index (HDI) of Aceh (Panel Data Study 2015–2024) Shifa, Mutiara; Sani, Sri Rosmiati; Badli, Saiful; Hidayat, Muhammad Rahmat
Indonesian Journal of Advanced Research Vol. 4 No. 11 (2025): November 2025
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijar.v4i11.15776

Abstract

This study examines the effect of the Special Autonomy Fund (Otsus) on the Human Development Index (HDI) in Aceh during 2015–2024 using panel data from 23 districts/cities and a Fixed Effect Model (FEM). The analysis includes Otsus funds, education expenditure, health expenditure, and regional investment as independent variables. The findings indicate that Otsus funds significantly improve HDI, with varying impacts across regions. Education and health spending further strengthen this effect, highlighting the importance of effective and targeted budget allocation. The study provides insights for improving the management of Otsus funds to support sustainable human development in Aceh.
Analysis of Creative Economy Development Model in Supporting Economic Growth Lubis, Aminah; Shifa, Mutiara; Chandra, Rezario Febrianta; Muarif, Munazar Rafsanjani; Dharmawan, Donny
International Journal Of Education, Social Studies, And Management (IJESSM) Vol. 6 No. 1 (2026): The International Journal of Education, Social Studies, and Management (IJESSM)
Publisher : LPPPIPublishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52121/ijessm.v6i1.985

Abstract

The creative economy is a vital new growth engine in the digital age, transforming ideas into economic and social wealth. The goal of the creative economy is to drive economic growth, create new jobs, improve social welfare, and enhance national competitiveness by utilizing ideas, creativity, and innovation as key resources, while simultaneously preserving culture and strengthening national branding. The purpose of this study was to analyze creative economy development model in supporting economic growth. This research is answered using a research method approach with a theoretical model explanation. This theoretical model is supported by sources copied from published media such as books, journals, and related sources. The research results show that the strategy for implementing a creative economy development model in supporting economic growth involves synergizing human resources, innovation, and nation branding.
Analisis pendapatan usaha mikro melalui pembiayaan produk Ar-rum BPKB Terhadap pendapat usaha mikro pada PT. Pegadaian syari'ah cabang Meulaboh Sianturi, Joel; Rosmiatisani, Sri; Ansari, Leli Putri; Shifa, Mutiara; Risma, Okta Rabiana
Jurnal Akuntansi, Manajemen dan Ilmu Ekonomi (Jasmien) Vol. 5 No. 08 (2026): Jurnal Akuntansi, Manajemen dan Ilmu Ekonomi (Jasmien)
Publisher : Cattleya Darmaya Fortuna

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54209/jasmien.v5i07.1948

Abstract

Perkembangan Usaha Mikro, Kecil, dan Menengah (UMKM) merupakan salah satu pilar utama dalam menopang perekonomian masyarakat, terutama dalam mengurangi kesenjangan sosial dan ekonomi antar golongan. Namun, keterbatasan akses terhadap modal usaha masih menjadi tantangan utama bagi pelaku usaha mikro. Penelitian ini bertujuan untuk menganalisis hubungan pembiayaan produk Ar-rum BPKB yang disalurkan oleh PT. Pegadaian Syariah Cabang Meulaboh terhadap pendapatan nasabah pelaku usaha mikro di Meulaboh, Kabupaten Aceh Barat. Penelitian ini menggunakan pendekatan kuantitatif dengan data primer yang diperoleh dari responden penerima pembiayaan produk Ar-rum BPKB. Analisis data dilakukan menggunakan uji korelasi Spearman’s rho karena data penelitian tidak berdistribusi normal. Hasil penelitian menunjukkan bahwa pembiayaan produk Ar-rum BPKB memiliki hubungan positif, namun tidak signifikan secara statistik, terhadap pendapatan usaha mikro. Temuan ini mengindikasikan bahwa pembiayaan Ar-rum BPKB berpotensi memberikan kontribusi terhadap pendapatan usaha mikro, tetapi bukan merupakan satu-satunya faktor yang memengaruhinya. Penelitian ini diharapkan dapat memperkaya literatur mengenai pembiayaan mikro syariah dan menjadi
Monetary Policy Transmission to Financial System Stability in Aceh and Indonesia: ARDLECM Approach (Monthly Data January 2020June 2025) Shifa, Mutiara
Riwayat: Educational Journal of History and Humanities Vol 8, No 2 (2025): April
Publisher : Universitas Syiah Kuala

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24815/jr.v8i2.51764

Abstract

Financial system stability is a crucial element in maintaining sustainable economic growth and the effectiveness of monetary policy, particularly in developing countries with complex economic dynamics. This study aims to analyze the transmission of monetary policy to financial system stability in Aceh and Indonesia using a quantitative approach based on monthly time series data from January 2020 to June 2025. The research variables include policy interest rates, inflation, exchange rates, and bank credit as indicators of monetary transmission, and the financial system stability index as the dependent variable. The analysis method uses the Autoregressive Distributed Lag (ARDL) to identify long-term relationships and the Error Correction Model (ECM) to analyze short-term adjustment dynamics. The analysis stages include descriptive statistics, stationarity tests, bounds testing, ARDL estimation, ECM estimation, and model diagnostic tests that include autocorrelation, heteroscedasticity, normality, and parameter stability. The results show that interest rates and inflation have a significant negative effect on long-term financial system stability, while bank credit has a positive effect on stability through an increase in the intermediation function. The exchange rate has a significant influence through the external risk channel that influences financial sector volatility. A significant error correction coefficient indicates the existence of an adjustment mechanism toward long-run equilibrium. This finding confirms that monetary policy plays a crucial role in maintaining regional and national financial system stability through various transmission channels
PERAN PDB SEBAGAI MEDIATOR PENGARUH JUMLAH PENDUDUK TERHADAP PERTUMBUHAN EKONOMI Ratnawita, Ratnawita; Harahap, Rifqah; Shifa, Mutiara; Mainita, Mainita; Rustaman, Dede
Journal of Economic, Bussines and Accounting (COSTING) Vol. 8 No. 6 (2025): COSTING : Journal of Economic, Bussines and Accounting
Publisher : Institut Penelitian Matematika, Komputer, Keperawatan, Pendidikan dan Ekonomi (IPM2KPE)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31539/cda0p983

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh jumlah penduduk terhadap pertumbuhan ekonomi dengan PDB sebagai variabel mediasi. Metode yang digunakan adalah analisis jalur (path analysis). Data yang dianalisis merupakan data sekunder berupa data tahunan yang diperoleh dari situs resmi Badan Pusat Statistik (BPS) untuk periode 2020–2024. Hasil penelitian menunjukkan bahwa jumlah penduduk berpengaruh terhadap pertumbuhan ekonomi di Indonesia. Hasil analisis juga mengindikasikan bahwa PDB berperan sebagai variabel yang memediasi hubungan antara jumlah penduduk dan pertumbuhan ekonomi.