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Financial and Institutional Quality: A Study on the Tourism Sector in Top Global Destinations Bayu, Felix Fisabilillah; Rosalina, Linda; Wibowo, Wisnu
Jurnal Mamangan Vol 14, No 2 (2025): Special Issue
Publisher : LPPM Universitas PGRI Sumatera Barat

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22202/mamangan.v14i2.10373

Abstract

This study analyzes the driving factors of the tourism sector in the top 17 global destinations based on International Tourism Highlights from 2000 to 2023. Using the GMM (Generalized Method of Moments) panel data method, this study specifically examines the role of financial development and institutional quality in developing the tourism sector. Our findings indicate that financial development has a positive and significant impact on the tourism sector in the short and long term. These results underscore that an efficient financial system and broad access to capital are important foundations for investment in the tourism sector. Conversely, the impact of institutional quality was positive but not consistently significant, implying that its role may be more facilitative or take longer to manifest. This study concludes that strengthening the financial system should be a key policy priority for governments promoting sustainable tourism. These findings make an important contribution to the tourism literature by providing comprehensive empirical evidence on the importance of these structural factors in shaping the global tourism landscape.
ANALISIS DETERMINAN TINGKAT PENGANGGURAN TERBUKA DI JAWA TIMUR TAHUN 2021 Putri, Aprillinda Karimah; Wibowo, Wisnu; Haryanto, Albertus Eka Putra; Fauzi, Indra Nur
CENDEKIA: Jurnal Ilmu Pengetahuan Vol. 6 No. 2 (2026)
Publisher : Pusat Pengembangan Pendidikan dan Penelitian Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51878/cendekia.v6i2.9339

Abstract

The 2021 Open Unemployment Rate (TPT) in East Java, which exceeded the regional development plan target, indicates obstacles to post-pandemic labor absorption. This study focuses on analyzing the determinants of the TPT by examining the influence of the Regency/City Minimum Wage (UMK), Average Years of Schooling (RLS), Labor Force Participation Rate (TPAK), and population. Using a quantitative multiple linear regression approach on cross-section data from 38 regencies/cities, this study found that the independent variables simultaneously explained 71% of the variation in the TPT. Partial test results indicate that the UMK (coefficient 0.778) and RLS (coefficient 0.672) have a positive and significant effect, while the TPAK has a significant negative effect (coefficient -0.160), while population size has no significant effect. The main conclusion confirms that wage and education increases that are not aligned with industrial needs actually trigger unemployment, so careful wage policies and educational curriculum alignment are needed to minimize mismatches in the labor market. ABSTRAK Realisasi Tingkat Pengangguran Terbuka (TPT) Jawa Timur tahun 2021 yang melampaui target rencana pembangunan daerah mengindikasikan adanya hambatan penyerapan tenaga kerja pascapandemi. Penelitian ini berfokus pada analisis determinan TPT dengan menguji pengaruh Upah Minimum Kabupaten/Kota (UMK), Rata-Rata Lama Sekolah (RLS), Tingkat Partisipasi Angkatan Kerja (TPAK), dan jumlah penduduk. Menggunakan pendekatan kuantitatif regresi linier berganda pada data cross-section dari 38 kabupaten/kota, penelitian ini menemukan bahwa variabel independen secara simultan mampu menjelaskan 71% variasi TPT. Hasil uji parsial menunjukkan UMK (koefisien 0,778) dan RLS (koefisien 0,672) berpengaruh positif dan signifikan, sedangkan TPAK berpengaruh negatif signifikan (koefisien -0,160), sementara jumlah penduduk tidak berpengaruh signifikan. Simpulan utama menegaskan bahwa kenaikan upah dan pendidikan yang tidak selaras dengan kebutuhan industri justru memicu pengangguran, sehingga diperlukan kebijakan pengupahan yang cermat serta penyelarasan kurikulum pendidikan untuk meminimalkan ketidaksesuaian di pasar tenaga kerja.
Does Capital Structure Adjustment Improve Bank Profitability? Evidence from Dynamic Panel Models of Indonesian State-Owned Banks Ramadhan, Ahmad Fajar; Bayu, Felix Fisabilillah; Wibowo, Wisnu
Journal of Regional Economics Indonesia Vol. 7 No. 1 (2026): February 2026
Publisher : University Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26905/jrei.v7i1.16917

Abstract

This study examines the effect of capital restructuring on the profitability of Indonesian state-owned banks. Profitability is measured using Return on Assets (ROA), while capital restructuring is represented by the Debt-to-Equity Ratio (DER) and Capital Adequacy Ratio (CAR). Non-performing loans (NPL) and operating expenses to operating income (BOPO) are included as control variables. The study uses panel data from four Indonesian state-owned banks—Bank Rakyat Indonesia, Bank Negara Indonesia, Bank Tabungan Negara, and Bank Mandiri—over the period 2019–2023. The analysis employs both static and dynamic panel regression methods, including Pooled Least Squares (PLS), Fixed Effects Model (FEM), Random Effects Model (REM), Difference GMM, and System GMM. The results indicate that operational efficiency, represented by BOPO, consistently has a negative and significant effect on bank profitability. The System GMM estimation suggests that capital restructuring variables significantly influence profitability. These findings highlight the importance of efficient cost management and sound capital structure policies in improving the financial performance of state-owned banks.