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The Effect of Capital Market and Public Savings on Indonesia's Economic Growth Binanga, Angga; Apridar; Seftarita, Chenny
MSJ : Majority Science Journal Vol. 2 No. 4 (2024): MSJ-November
Publisher : PT. Hafasy Dwi Nawasena

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61942/msj.v2i4.241

Abstract

This study analyzes the impact of the capital market and public savings on economic growth in Indonesia using panel data from 34 provinces over the period 2016 to 2022. It aims to address the gaps in previous research, which showed inconsistent results regarding the effect of real sector investment on economic growth. Through multiple linear regression, this study finds that the capital market and public savings have a positive and significant influence on economic growth. These findings suggest that increasing capital accumulation in the capital market and public savings in banks can be an effective strategy to stimulate economic growth. The best model used in this study is the Fixed Effect Model, selected based on the Chow and Hausman tests. The coefficient of determination indicates that the capital market and public savings variables can explain the variation in economic growth significantly. This study contributes new insights by using data on domestic investor assets at the provincial level and offers policy recommendations to enhance public participation in the capital market and banking sector. The limitations of this study lie in the data coverage, which is restricted to Indonesia and spans a seven-year period, thus caution is needed when generalizing the findings to other countries or longer timeframes. Future research is encouraged to include additional variables and expand the geographical and temporal scope of the analysis.
PENDEKATAN STRUCTURAL EQUATION MODELING (SEM) DALAM MEMETAKAN FAKTOR DETERMINASI MINAT ADOPSI TEKNOLOGI MICROSERVICES UMKM DI ACEH Apridar; Jeliteng Pribadi; Rita Meutia
E-Mabis: Jurnal Ekonomi Manajemen dan Bisnis Vol. 27 No. 1 (2026): Juni
Publisher : Faculty of Economics and Business, Universitas Malikussaleh

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29103/e-mabis.v27i1.1625

Abstract

Keterbatasan arsitektur TI monolitik menghambat skalabilitas dan integrasi sistem UMKM dalam ekosistem digital. Menggunakan kerangka kerja Technology Acceptance Model (TAM) yang diperluas, penelitian ini bertujuan untuk menganalisis faktor penentu niat mengadopsi teknologi microservices pada UMKM di Aceh. Melalui pendekatan metode campuran (mixed-methods), data kuantitatif dikumpulkan menggunakan teknik purposive sampling dari 173 manajer UMKM dan dianalisis menggunakan Structural Equation Modeling (SEM) melalui IBM SPSS AMOS 23, yang kemudian dilengkapi dengan wawancara mendalam. Hasil empiris menunjukkan bahwa pengetahuan teknologi berpengaruh signifikan terhadap Persepsi Kemudahan (b = 0,81) dan Persepsi Kemanfaatan (b = 0,52). Selanjutnya, Persepsi Kemudahan (b = 0,41) dan Persepsi Kemanfaatan (b = 0,21) secara signifikan memengaruhi Sikap, yang pada akhirnya memberikan dampak positif yang kuat terhadap Niat (Intention) untuk menggunakan microservices (b = 0,89). Sebaliknya, temuan kualitatif mengungkapkan bahwa literasi nyata mengenai microservices di kalangan pelaku UMKM masih berada pada tahap awal, sehingga dukungan eksternal dari pemerintah dan perguruan tinggi menjadi sangat krusial untuk menjembatani kesenjangan pengetahuan tersebut. Penelitian ini berkontribusi pada perluasan teori TAM dalam organisasi periferal dan merumuskan strategi digitalisasi UMKM berbasis kolaborasi Triple Helix Kata Kunci: Technology Acceptance Model, Microservices, UMKM, Structural Equation Modeling, Triple Helix