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Journal : Ecosains

KEMAJUAN TEKNOLOGI DAN KECEPATAN PERPUTARAN UANG: STUDI KASUS INDONESIA Huljannah, Mutia; Satria, Doni
ECOsains: Jurnal Ilmiah Ekonomi dan Pembangunan ECOsains Vol.10 No.1 2021
Publisher : ECOsains: Jurnal Ilmiah Ekonomi dan Pembangunan

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Abstract

Technological developments and financial innovations, especially in the payment system, have encouraged banks around the world to carry out a number of innovations that have resulted in a new paperless based financial system. The finding that the payment system innovation affects the circulation of money and the stability of the monetary condition of a country, makes this risk possible in Indonesia. By using the error correction model, this study can provide information on the short run dynamic relationship and the impact of payment system innovation represented by non cash payment instruments such as credit cards, debit cards, e-money and payment transaction settlement processes (national clearing system and real time gross settlement) on the velocity of money in Indonesia in the period 2016M1 to 2020M6. The results of the research findings state that the impact generated by the rapid velocity of payment system innovation on the velocity of money circulation is not temporary, this is evidenced by the effect of payment system innovation on the velocity of money circulation which continues over a long period of time.
Eksplorasi Harga Bahan Pokok sebagai Indikator Dini Pengendalian Inflasi di Sumatera Barat Fauzi, Kory Rahmat; Salim, Agus; Satria, Doni
Ecosains: Jurnal Ilmiah Ekonomi dan Pembangunan Vol 12, No 1 (2023): Ecosains: Jurnal Ilmiah Ekonomi dan Pembangunan (Mei 2023)
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/ecosains.12291057.00

Abstract

This study explores inflation’s leading indicators in West Sumatra using ten strategic commodities prices. These ten strategic commodities are rice, beef, chicken meat, chicken egg, onion, garlic, red chili, cayenne pepper, cooking oil, and sugar. This study employs the Granger Causality Test to infer the inflation’s leading indicators in West Sumatra using monthly time series data from August 2017 up to December 2021. The results show red chili and chicken meat have a positive and significant effect on inflation in West Sumatra and can be used as Leading Indicators of West Sumatra inflation. The main implication of this finding is the inflation rate would be as volatile as red chili and chicken meat prices.