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Electronic Payment and Economic Growth in Indonesia Wasiaturrahma, Wasiaturrahma; Kurniasari, Anita Lucky
Journal of Developing Economies Vol. 6 No. 2 (2021)
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jde.v6i2.24923

Abstract

The purpose of this study is to investigate the effect of non-cash payment transactions on economic growth in Indonesia and to see the responses from supporting variables, such as the velocity of money and the price of transactions. This study involves a Vector Error Correction Model (VECM) analysis tool, using monthly time series data during 2009: 1 – 2017: 12. The results show that the payment instrument affects economic growth, especially the Card-Based Payment Instrument (CBPI). In addition, there are changes to the velocity of money and prices caused by the increase in the use of non-cash payment instruments.  Keywords: Electronic Payment, Economic Growth, Vector Error Correction Model (VECM)JEL: E4; C51
Analysis of The Effect of Electronic-Based Payment Systems and Economic Growth in Indonesia Mashabi, M; Wasiaturrahma, Wasiaturrahma
Jurnal Ilmu Ekonomi Terapan Vol. 6 No. 1 (2021)
Publisher : Department of Economics, Faculty of Economics and Business, Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jiet.v6i1.26287

Abstract

This research aims to analyze the effect of electronic payment systems based on credit cards, debit cards, and electronic money, as well as macroeconomic variables namely the money supply (M1), price level, and velocity of money towards real gross domestic product as a proxy for economic growth. The estimation carried out in this journal uses the Vector Error Correction Model (VECM) with period time series data of 2010:1-2018:12. The results of the journal show that doing debit card and electronic money-based transactions has a significant positive effect on economic growth in Indonesia in the long run. Keywords : Electronic payment systems, electronic money, credit cards, debit cards, economic growth, Vector Error Correction Model (VECM)  JEL : O470 C320
Impact of Interest Rate, Inflation and Gross Domestic Product to Demand for Property Credit in Indonesia Putra, Ivan Pradana; Wasiaturrahma, Wasiaturrahma
Jurnal Ilmu Ekonomi Terapan Vol. 6 No. 2 (2021)
Publisher : Department of Economics, Faculty of Economics and Business, Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jiet.v6i2.31688

Abstract

An increase in credit, especially consumption credit, can trigger aggregate demand growth above potential output which causes the economy to heat up. This study aims to analyze the effect of macroeconomic variables, such as interest rates, inflation, and gross domestic product (GDP), on the demand for property credit in Indonesia with the period January 2011 – December 2018. The results show that in the short term, the interest rate lag 1 and lag 2, inflation lag 1, and GDP significantly influence the demand for peoperty credit. While, in the long term, only the interest rates and GDP significantly influence to the demand for property credit. Keywords: Property Credit, Interest Rates, Inflation, GDP, ARDL  JEL: C22, E51, G21