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The long-run and short-run impacts of investment, export, money supply, and inflation on economic growth in Indonesia Erni Panca Kurniasih
Journal of Economics, Business, and Accountancy Ventura Vol. 22 No. 1 (2019): April - July 2019
Publisher : Universitas Hayam Wuruk Perbanas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14414/jebav.v22i1.1589

Abstract

The development of investment and export in Indonesia as well as money supply shows an increase, while the inflation rate shows a decline. Yet, this is not always followed by the increase of economic growth. This study aims to explain the relationship between investment, export, money supply and inflation with the economic growth in Indonesia. It used time-series data from the first quarter in 2001 to the fourth quarter in 2014 and were analyzed using multiple regression models with Error Correction Model (ECM) and classical assumptions. It showed that in short-run, there are significant effects of investment and export on economic growth while money supply and inflation do not have significant effects. This study also found that in in long-run, there are significant effects of investment, export, money supply and inflation on the economic growth in Indonesia. Bank Indonesia should apply a tight money policy consistently to achieve the long-run inflation target
Does Corruption Affect Foreign Direct Investment? Empirical Evidence from ASEAN Plus Three Countries Erni Panca Kurniasih; Djihan Islahiyah; Sri Kurniawati; Ichsan Iqbal
Journal of Economics, Business, and Accountancy Ventura Vol. 26 No. 2 (2023): August - November 2023
Publisher : Universitas Hayam Wuruk Perbanas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14414/jebav.v26i2.3256

Abstract

Corruption poses a significant challenge in numerous countries, impacting foreign investment, including those within the ASEAN Plus Three (APT) region. This study aims to ascertain the influence of corruption and other factors—specifically, the exchange rate, political stability, and economic growth—on the appeal of foreign direct investment in APT countries. The research employs the Error Correction Model (ECM) for statistical testing to analyze both short- and long-term effects. The findings indicate that corruption and exchange rate fluctuations do not exert a significant impact on foreign investment inflows into APT countries, regardless of the time horizon. In the short term, a surge in corruption cases tends to diminish the interest of potential foreign direct investors. However, over the long term, foreign investors anticipate that APT countries will adopt more stringent measures to combat corruption, thus fostering a corruption-free environment. This expectation is bolstered by the presence of political stability and robust economic growth in APT countries, which stand as pivotal considerations for foreign direct investment. Therefore, APT countries, particularly Indonesia, ought to establish transparent investment guidelines, root out corruption, ensure political stability, maintain exchange rate stability, and prioritize policies aimed at stimulating economic growth in order to entice foreign investment.
Entrepreneurship, technology, and income inequality Metasari Kartika; Erni Panca Kurniasih; Linggar Ikhsan Nugroho
Sebelas Maret Business Review Vol 9, No 1 (2024): June 2024
Publisher : Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/smbr.v9i1.81393

Abstract

The issue of income inequality between people in the world and Indonesia is still interesting to discuss. Moreover, it is the tenth target in the sustainable development goals until 2030, namely reducing inequality within and between countries. Several targets have also been set, including ensuring equal opportunities and reducing income inequality. The relationship between entrepreneurship, technology, and inequality is studied theoretically and empirically, but empirically there are still not many studies that discuss the relationship between these two variables on income inequality in Indonesia. The research objectives include analyzing the influence of entrepreneurship and technology on income inequality in Indonesia. The data used are from 34 provinces in Indonesia during the period 2013-2020. The data was processed using E-views software. To produce the best model, it will be tested statistically and with classical assumptions. The results showed that entrepreneurship and technology had a significant negative effect on the income inequality variable. Therefore, one solution to overcome income inequality in Indonesia is for the Indonesian government can increase the percentage of individuals or households that can access the Internet.
Key drivers of profit sharing rates in mudharabah time deposits: Evidence from Islamic banks in Indonesia Latifah Muliji; Erni Panca Kurniasih; Yarlina Yacoub
Sebelas Maret Business Review Vol 9, No 2 (2024): December 2024
Publisher : Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/smbr.v9i2.87449

Abstract

People who save their funds tend to choose products that provide high profits. Profit sharing on Islamic bank deposit products is a unique attraction for people to save funds. Bank external and internal factors are needed in determining the amount of profit sharing. This study aims to identify the variables that affect the amount of profit sharing from deposits in the mudharabah system. With a quarterly observation period spanning from 2013 to 2022, the sample for this study consists of all Sharia commercial banks registered with the OJK. The error correction model (ECM) is the technique employed. Based on the long-term ECM test results, non-performing financing and interest rates partially have a positive and significant effect. The exchange rate has a negative and significant effect. In contrast, the liquidity ratio, inflation, and GDP per capita have no effect. In the short-term ECM test results, non-performing financing has a significant positive effect. In contrast, liquidity ratio, inflation, exchange rate, interest rate, and GDP per capita have no effect. These findings demonstrate that while the non-performing finance variable consistently impacts over the long and short-terms, the liquidity ratio, inflation, and GDP per capita variables consistently have no effect.
The Effect of Inflation and Economic Growth on Unemployment Rate in Asean Countries Nindi Septrila; Erni Panca Kurniasih
International Journal of Business, Technology and Organizational Behavior (IJBTOB) Vol. 2 No. 6 (2022): International Journal of Business, Technology, and Organizational Behavior (IJB
Publisher : Garuda Prestasi Nusantara Consulting

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52218/ijbtob.v2i6.226

Abstract

This study aims to examine and analyze the effect of inflation and economic growth on the unemployment rate in ASEAN countries in 2010 – 2019. The form of this research uses a quantitative approach. The data used in this research is secondary data. The type of data used is sourced from the World Bank. The analytical method and tool used is the dynamic panel data regression method and the software used is Stata 13. The results of this study indicate that inflation in the short term and long term has a negative and insignificant effect on unemployment rates in ASEAN countries and economic growth in the short term has a negative and insignificant effect on the unemployment rate in ASEAN countries. negative and insignificant to the unemployment rate in ASEAN countries.
PENGARUH VARIABEL EKONOMI MAKRO TERHADAP PERKEMBANGAN UTANG LUAR NEGERI INDONESIA TAHUN 2010-2024 Melville Vergian Zulham Putra; Erni Panca Kurniasih
Journal of Economic, Bussines and Accounting (COSTING) Vol. 9 No. 1 (2026): 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/qhgxne52

Abstract

Tujuan dari penelitian ini adalah untuk menentukan bagaimana inflasi, pertumbuhan ekonomi, nilai tukar rupiah, dan BI-Rate mempengaruhi utang luar negeri.  Data yang digunakan berasal dari Bank Indonesia (sebagai bank sentral) dan Badan Pusat Statistik (BPS) Republik Indonesia dari tahun 2010–2024.  Data dianalisis menggunakan Error Correction Model (ECM) dengan pendekatan Ordinary Least Square. Program Eviews 13 digunakan untuk melakukan ini.  Hasil menunjukkan bahwa utang luar negeri Indonesia secara jangka panjang dipengaruhi oleh tingkat inflasi, nilai tukar rupiah terhadap dolar AS, dan BI rate. Pertumbuhan ekonomi tidak mempengaruhi utang luar negeri Indonesia secara jangka panjang maupun jangka pendek, dan nilai tukar rupiah terhadap dolar AS mempengaruhi utang luar negeri Indonesia secara jangka panjang maupun jangka pendek.  Tidak ada mekanisme yang mengoreksi penyimpangan menuju keseimbangan karena probabilitas ECT(-1) tidak signifikan karena lebih besar dari 5%.
Determinan Pekerja Komuter di Indonesia Nisrina Nurhaniyah; Erni Panca Kurniasih
Jurnal Ilmiah Manajemen, Bisnis dan Kewirausahaan Vol. 6 No. 2 (2026): Juni, Jurnal Ilmiah Manajemen, Bisnis dan Kewirausahaan
Publisher : Lembaga Pengembangan Kinerja Dosen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55606/jurimbik.v6i2.1862

Abstract

The decline in the number of commuters in Indonesia over the past ten years indicates a shift in labor mobility behavior. This study analyzes the influence of education, minimum wages, economic growth, and unemployment rates on commuting dynamics using a quantitative descriptive approach based on 2015–2024 BPS data. The results show that increases in education and wages have not yet encouraged commuting due to inequality in employment opportunities and high transportation costs. Economic growth has the potential to increase commuting, but is hampered by poor intermodal transportation connectivity. Meanwhile, the post-pandemic decline in unemployment has not increased commuting intensity due to the increasing preference for hybrid and remote work. These findings confirm that commuter mobility in Indonesia is influenced not only by financial incentives, but also by the efficiency of physical mobility and changes in the labor market structure.
GOVERNMENT EXPENDITURES AND REGIONAL DEVELOPMENT Fitri Wahyuni; Windhu Putra; Erni Panca Kurniasih
Jurnal Ilmiah Manajemen, Ekonomi, & Akuntansi (MEA) Vol 10 No 2 (2026): Edisi Mei - Agustus 2026
Publisher : LPPM STIE Muhammadiah Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31955/mea.v10i2.7709

Abstract

The relationship between government expenditures and economic growth is an important topic to analyze. Disagreements among economists and the results of previous studies show inconsistent findings across regions. This study aims to examine whether there is a two-way causal relationship between government expenditures and economic growth (growth rate of GRDP at Constant Prices, Poverty Depth Index, Poverty Severity Index, Human Development Index, and Gini index). This study used annual panel data from 14 regencies/cities in West Kalimantan province with a Vector Error Correction Model (VECM) analysis, using E-views 10 as the analytical tool. The results of this study have not proven a two-way causal relationship for any variable. There was no two-way or one-way causal relationship (in the period before and after the pandemic) for the variables Growth Rate, P2, and GINI (neutrality relationship). In the period before the Covid-19 pandemic, there was a one-way causal relationship between P1 and LOGGE (government expenditure) under Wagner's Law, and between LOGGE (government expenditure) and HDI under Keynesian theory. Meanwhile, in the post-pandemic period, there is a causal relationship between HDI and LOGGE (Wagner's Law). The primary driver of regional economic growth cannot yet be attributed to government expenditure. Given the pooled time-series approach applied to a panel-structured dataset, these findings should be regarded as preliminary and exploratory, warranting confirmation through a dynamic panel (PVECM/PVAR) approach.