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Journal : Jurnal REP (Riset Ekonomi Pembangunan)

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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.
Co-Authors Aan Zulyanto, Aan Agustina Ekaputri, Retno Aprilia Ayu P, Fransiska Apriyanti, Cikit Armelly, Armelly Barokha, M. Ergiyandi Dewi Anggraini, Eka E Nainggolan, Nadya E Ekaputri, Retno Agustina Febriani, Ratu Eva Gunawan Simbolon, Richwan Hidayat Hidayat Izharudin Ningsih, Sekar Ayu Nopiah, Ririn Nugroho, Oktian Fajar Prasetyo, Dio Romi Gunawan, Romi Saipul Annur Septriani Septriani Septriani, Septriani Simangunsong, Nesha Amelia Situngkir, Kartika Yuni Hartati Sumitro, Dewi Sari Yusnida, Yusnida