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All Journal Jurnal Ekonomi, Bisnis dan Kewirausahaan (JEBIK) Journal of Economics, Business, & Accountancy Ventura STI Policy and Management Journal International Journal of Business Studies Jurnal Ekonomi Indonesia International Research Journal of Business Studies
Erica Novianti Lukas
Universitas Prasetiya Mulya
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

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Analysing the Influence of Industrial Value - Added of Small and Micro-sized Firms on Regional FDI in Indonesia Celine Canes; Vanessa Aurelia; Juan Phillip Yoel Tanesia; Albert Hasudungan; Erica Lukas
International Journal of Business Studies Vol 5 No 3 (2021): International Journal of Business Studies (IJBS)
Publisher : Sekolah Tinggi Manajemen IPMI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32924/ijbs.v5i3.194

Abstract

The role of Foreign Direct Investment (FDI) has only grown in tandem with globalization, as it plays a dual function by improving capital accumulation whilst simultaneously growing total factor yield, which puts it at an advantage over foreign aids and foreign portfolio investments. Using panel data from 34 Indonesian provinces over the 2015 - 2019 period, this research examined the determinants of provincial FDI and its impact on regional economic development in Indonesia. The random effect method with robust standard error was used to regress the model, and the variables found to be positively significant were the ratio of industrial value added for micro sized firms to regional GDP, as well as the growth rate of industrial value added for small sized firms. Our analysis revealed that micro-sized firms tend to have much higher industrial value added compared to small-sized firms, and that these firms tend to cluster in Western Indonesia. The role of the government should be to foster the growth and competitiveness of small and micro-sized firms, especially for regions where the industrial value added is still low. Further study is suggested on the determinants of industrial value added at the provincial level, as well as more comprehensive research on FDI determinants with a larger dataset.
Exploring the Transition to Eudaimonic Tourism: A Case Study of Bali Djisman Simandjuntak; Alvin Desfiandi; Erica Lukas; Isti Setiawati; Nakita Sabrina; Stanley Makalew
STI Policy and Management Journal Vol 4, No 2 (2019): STI Policy and Management
Publisher : Center for Science and Technology Development Studies, Indonesian Institute of Sciences

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1706.841 KB) | DOI: 10.14203/STIPM.2019.169

Abstract

Growing population with rising income, advances in information and transportation technologies, preventive medicine, moderated nationalism that translate into less restrictive border measures against people flows have combined to fuel a durable progressive growth in tourism, domestic and international. As tourism grows, carrying capacity is stretched or even overstretched in some places and industries. The overcrowding of a destination in the latter’s life cycle is familiar to popular tourist sites. Energy consumption, CO2 emission, non-degradable and toxic wastes, biodiversity loss and loss of cultural diversity add to the downside of growing tourism. We doubt the inclusivity and sustainability of the current dominant design of tourism in developing economies such as Indonesia. A shift toward more eudaimonic tourism is needed. The innovative elements of eudaimonia include geographical treasure, biodiversity, and local deep culture. Indonesia is well endowed with peculiar geographical resources which in turn result in rich biodiversity. A long history of migration has also accumulated Indonesia’s cultural diversity. Bali offers an imperfect road to eudaimonic tourism as will be discussed as evidence that the shift away from exclusive and unsustainable tourism to a more inclusive and sustainable one is a realistic option. Keywords: eudaimonic; tourism; inclusivity; sustainability
ANALYSIS OF THE TOURISM SECTOR IN INDONESIA USING THE INPUT-OUTPUT AND ERROR-CORRECTION MODEL APPROACH Albert Hasudungan; Dewa Gede Sidan Raeskyesa; Erica Novianti Lukas; Fati Ramadhanti
Jurnal Ekonomi Bisnis dan Kewirausahaan Vol 10, No 1 (2021): Jurnal Ekonomi Bisnis dan Kewirausahaan
Publisher : Fakultas Ekonomi dan Bisnis, UNTAN

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (398.201 KB) | DOI: 10.26418/jebik.v10i1.44329

Abstract

ABSTRACTThis research explores the role of the tourism sector in Indonesia, including its backward and forward linkages with other economic sectors. The tourism sector is represented by the hotel and restaurant (hospitality) industry. The study uses the input-output method and traces the econometric backward and forward shocks of the tourism sector with the Error Correction Model (ECM), using database from Statistics Indonesia from 2010 to 2019. The paper contributes to the existing literature by using multi-stage quantitative processes to observe backward and forward economic linkages. The result shows that manufacturing output contributes a significant and positive effect to the hotel and restaurant industry. At the same time, the tourism sector provides a significant and positive contribution to government retribution. Nonetheless, there is a negative relationship between the growth of the agriculture and tourism sector, which is assumed due to the tradeoff in the factor of production between the agricultural and tourism sector development. Consequently, backward and forward relationships suggest more holistic and prudent economic policies for observing interdependent tourism development in Indonesia's other economic sectors. ABSTRAKTujuan penelitian ini adalah menginvestigasi keterkaitan ke belakang dan ke depan antara sektor pariwisata dan sektor ekonomi lain di Indonesia. Pariwisata di sini di wakili sektor perhotelan dan restoran. Studi ini menggunakan metode input-output dengan data berasal dari database input output Bank Pembangunan Asia (ADB). Kedua, studi menelusuri  keterkaitan ekonometrik ke depan dan ke belakang pariwisata dengan model koreksi kesalahan (ECM), menggunakan data triwulan dari PDB riil di database BPS dari tahun 2010 hingga 2019. Kontribusi makalah ini adalah proses multi-asesment untuk mengamati keterkaitan ekonomi ke belakang dan ke depan antara pariwisata dengan sektor ekonomi lainnya. Dari ekonometri tersebut, diketahui bahwa kontribusi output industry manufaktur berpengaruh signifikan dan positif terhadap industri hotel dan restoran. Selain itu, pariwisata memberikan kontribusi yang signifikan dan positif untuk retribusi pemerintah. Meskipun demikian, peningkatan output pariwisata datang dengan pengorbanan pengurangan output sektor pertanian. Hal ini dipengaruhi oleh kompetisi akses faktor produksi di antara kedua sektor tersebut. Hasil ini  menekankan perlunya kebijakan ekonomi yang lebih holistik dan hati-hati terhadap saling ketergantungan antara pembangunan pariwisata dengan sektor ekonomi lain di Indonesia.
The Structural and Macroeconomic Determinants of Manufacturing Export-Value Performance in ASEAN Countries Andersen, Jonathan; Hasudungan, Albert; Viknesuari, Salvarina; Tjie, David; Sukarno, Handoko; Lukas, Erica Novianti
Journal of Economics, Business, and Accountancy Ventura Vol. 26 No. 1 (2023): April - July 2023
Publisher : Universitas Hayam Wuruk Perbanas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14414/jebav.v26i1.3716

Abstract

This study aims to scrutinize the determinants of manufacturing exports in several ASEAN countries, specifically: Indonesia, Malaysia, Thailand, Philippines, and Vietnam. It adopts a panel data regression using the random effects model to predict manufacturing export value using structural (economic complexity and human capital) and macroeconomic (real effective exchange rate, foreign direct investment, and inflation) variables. The research finds that foreign direct investment, human capital, real effective exchange rate, and inflation are positive and statistically significant predictors of manufacturing exports in these ASEAN countries. However, the positive correlation between the real effective exchange rate and manufacturing exports is against previous literature arguing that a currency’s depreciation drives export competitiveness. The findings suggest that currency appreciation can enhance a country’s export performance as exports’ input products are cheaper than before. Additionally, the positive influence of inflation on exports can be explained by the subsequent increase in consumption from foreign countries. Therefore, in addition to managing their exchange rates, countries must develop their human capital and attract more foreign investments to enhance their export performance.
Does Digitalization Increase Economic Growth? Evidence from ASEAN8 Countries Raeskyesa, Dewa Gede Sidan; Lukas, Erica Novianti
Jurnal Ikatan Sarjana Ekonomi Indonesia Vol 8 No 2 (2019): December
Publisher : Jurnal Ekonomi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52813/jei.v8i2.33

Abstract

Digitalization has become relevant nowadays, not only because of the exposure of new technologies but also the consideration of its impact on the economy. In that regard, this study aims to analyze the effect of digitalization on economic growth. This study uses a descriptive analysis of the eight ASEAN middle-income countries from 1999 to 2014 as well as panel regression analysis with the dependent variable of GDP per capita growth and independent variables of physical capital, human capital, and ICT indicators. As a result, ICT indicators have a significant positive impact on economic growth, along with physical and human capital. The usage and intensity of ICT have a higher impact than access to ICT. Furthermore, human capital contributes the most among the other variables. We recommend the countries invest more in human capital to utilize ICT because it is the quality of human capital that matters to navigate the era of the digital economy.
The Impact of the Digital Divide on MSMEs’ Productivity In Indonesia Lukas, Erica Novianti; Hasudungan, Albert
International Research Journal of Business Studies Vol. 16 No. 3 (2023): December 2023 - March 2024
Publisher : Universitas Prasetiya Mulya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21632/irjbs.16.3.241-252

Abstract

Although the adoption of information and communication technology (ICT) has been rapid, gaps still exist regarding various areas of access to ICT among micro, small, and medium enterprises (MSMEs), which are the backbone of Indonesia’s economy. This study investigates how the digital divide factors increase productivity among MSMEs in Indonesia. Drawing on previous studies, the digital divide factors consist of material access, motivational access, skill access, and usage access. In this study, the logistic regression model is used with SUSENAS 2019 data from BPS. The study finds the significance of skill and usage access galvanize MSMEs’ enthusiasm to adopt the ICT platform in their business activities. Conversely, with weak significance of motivational and material access, this study recommends more extensive endeavors of the ICT infrastructure in boosting MSMEs’ productivity in the state of economic policy making in Indonesia.
Co-Authors Albert Hasudungan Alvin Desfiandi Andersen, Jonathan Celine Canes Dewa Gede Sidan Raeskyesa Dewa Gede Sidan Raeskyesa Djisman Simandjuntak Fati Ramadhanti Isti Setiawati Juan Phillip Yoel Tanesia Nakita Sabrina Stanley Makalew Sukarno, Handoko Tjie, David Vanessa Aurelia Viknesuari, Salvarina