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PENGARUH KEBIJAKAN FISKAL DAN MONETER TERHADAP STABILITAS MAKROEKONOMI DI INDONESIA Gulo, Raya Rich Fanotona; Efendi, Bakhtiar
GOVERNANCE: Jurnal Ilmiah Kajian Politik Lokal dan Pembangunan Vol. 11 No. 1 (2024): 2024 September
Publisher : Lembaga Kajian Ilmu Sosial dan Politik (LKISPOL)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56015/gjikplp.v11i1.270

Abstract

This research aims to determine the influence between fiscal mix policy and monetary policy in order to maintain macroeconomic stability as seen by monetary and fiscal indicators on macroeconomics. The method used is Vector Autoregression by completing assumption tests and estimates on the research variables tax, government spending, exchange rates, interest rates, money supply and gross domestic product. The time series research data for 2008-2022 is sourced from the World Bank with the results obtained that government spending is influenced by the amount of money in circulation and tax revenues, interest rates influence tax results, the amount of money flowing also influences exchange rate figures and gross domestic product has an influence. by exchange rates and taxes. Shows that monetary policy and fiscal policy have a mutually influential relationship on macroeconomic stability in Indonesia. With these two policies, they become a policy mix that can describe the economy in Indonesia, so that the use and implementation of fiscal and monetary policies must always be controlled efficiently.
Analisis Leading Indicator Negara Mitra Dagang Indonesia Berdasarkan Pada Fluktuasi Kurs Attaullah, Rezi; Rangkuty, Dewi Mahrani; Efendi, Bakhtiar
JEMSI (Jurnal Ekonomi, Manajemen, dan Akuntansi) Vol. 10 No. 4 (2024): Agustus 2024
Publisher : Sekretariat Pusat Lembaga Komunitas Informasi Teknologi Aceh

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35870/jemsi.v10i4.2928

Abstract

Sebagai salah satu indikator penting suatu negara terdapat fenomena yang kerap kali menjadi permasalahan ekonomi yatu pergerakan atau fluktuasi nilai tukar yang tidak menentu. Perdagangan Internasional yang merupakan hubungan suatu antara negara dalam hal perekonomian transaksi dagang bertujuan mendapatkan laba dari kerja sama internasionalnya. Menggunakan metode kuantitatif pada model Regresi Panel ARDL dengan data cross section pada Negara Mitra Dagang Indonesia yaitu Jepang dan Cina dan data time series dari tahun 2007 sampai 2022. Variabel penelitian yang diamati yaitu Pertumbuhan Ekonomi, Ekspor, Impor, Inflasi, Total Debt Service dan Kurs. Leading Indicator negara mitra dagang Indonesia berdasarkan fluktuasi kurs adalah impor dan total debt service memberikan pengaruh yang stabil pada jangka waktu pendek dan panjang, untuk variabel pertumbuhan ekonomi, ekspor dan inflasi terlihat posisinya tidak stabil. Negara mitra dagang indonesia diharapkan untuk harga barang dan jasa tetap stabil, hasil produksi yang terus meningkat, barang impor yang mudah masuk, tingkat utang stabil dan harga maksimum serta terus mengawasi distrubusi barang hingga memenuhi kebutuhan domestik dan optimalisasi ekspor.
The Effectiveness Of The Exchange Rate on The Amount of Foreign Exchange Reserves in Indonesia Dwitama, Dimas Rastra; Nasution, Lia Nazliana; Efendi, Bakhtiar; Sari, Wahyu Indah
Economic: Journal Economic and Business Vol. 1 No. 1 (2022): ECONOMIC: Journal Economic and Business
Publisher : Lembaga Riset Mutiara Akbar (LARISMA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56495/ejeb.v1i1.226

Abstract

This study aims to analyze the interaction variables of fiscal transfer policy variables. (Foreign Exchange Reserves, Imports, Exports, Exchange Rates and GDP). This study uses secondary data or from 2000 - 2019. The data analysis model in this study uses the Vector Autoregression (VAR) model and is sharpened by Impulse Response Function (IRF) Analysis, Forecast Error Variance Decomposition (FEVD). The results of the VAR analysis show that previously (t – p) contributed to the current variable, both alone and to other variables. The results of the FEVD analysis show that all variables have a major contribution to the variables themselves in the short, medium and long term, namely Foreign Exchange Reserves, Imports, Exports, Exchange Rates and GDP. The results of the analysis of each variable of monetary policy transmission and the effectiveness of the Exchange Rate on Reserves Short, medium and longterm exchange rates show that policy transmission can maintain the Indonesian economy
KAJIAN ANALISIS JAMINAN NASABAH DAN INFLASI TERHADAP PENYALURAN PEMBIAYAAN PT.PEGADAIAN (PERSERO) KANWIL MEDAN Irwansyah, Eco; Rusiadi, Rusiadi; Efendi, Bakhtiar
JURNAL RECTUM: Tinjauan Yuridis Penanganan Tindak Pidana Vol 4 No 2 (2024): EDISI 2024
Publisher : Lembaga Penelitian dan Pengabdian kepada Masyarakat (LPPM) Universitas Darma Agung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46930/jurnalrectum.v4i2.2055

Abstract

Penelitian ini bertujuan untuk mengetahui apakah jumlah nasabah dan inflasi secara simultan berpengaruh signifikan terhadap penyaluran pembiayaan pada PT. Pegadaian (Persero) Kanwil Medan. Teknik analisis data yang digunakan adalah metode asosiatif/kuantitatif dengan bantuan program SPSS. Data dalam penelitian dari tahun 2000 sampai tahun 2019. Pengambilan data sekunder menggunakan laporan keuangan. Hasil penelitian menunjukkan bahwa jumlah nasabah secara parsial berpengaruh signifikan terhadap penyaluran pembiayaan pada PT. Pegadaian (Persero) Kanwil Medan. Inflasi secara parsial berpengaruh signifikan terhadap penyaluran pembiayaan pada PT. Pegadaian (Persero) Kanwil Medan. Jumlah nasabah dan inflasi secara simultan berpengaruh signifikan terhadap penyaluran pembiayaan pada PT. Pegadaian (Persero) Kanwil Medan.
PENGARUH EKSPOR TERHADAP PERTUMBUHAN EKONOMI DI INDONESIA Jannah, Ayu Roudhatul; Efendi, Bakhtiar
JURNAL ILMIAH EDUNOMIKA Vol 8, No 4 (2024): EDUNOMIKA
Publisher : ITB AAS Indonesia Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/jie.v8i4.15477

Abstract

Export is the simplest form of international trade and is a strategy in marketing production abroad. This study aims to determine the effect of exports on economic growth with a mediating variable, namely the exchange rate. This research method is a research method with a quantitative approach supported by secondary data sourced from the Central Bureau of Statistics and the World Bank (World Bank) with a research time of 2009 to 2023. The research data analysis technique used is path analysis. The results explain that exports influence economic growth. Exports as a driving force for GDP, where exports can expand markets, can encourage the flow of capital, and will generate foreign exchange. When exports increase, economic growth also increases and vice versa if exports decrease, economic growth decreases. And the exchange rate can be a mediating variable of the indirect effect of the export variable on the economic growth variable. This means that exports can be a factor that can influence directly without the mediation of other variables. The higher the real exchange rate, the more it will encourage exports and others and be able to affect Indonesia's economic growth.
THE MONETARY INDICATORS AND THE CONSUMPTION IN INDONESIA Ramadhan, Ahmad; Rangkuty, Dewi Mahrani; Suhendi, Suhendi; Efendi, Bakhtiar; Nasution, Lia Nazliana
PROCEEDING INTERNATIONAL BUSINESS AND ECONOMICS CONFERENCE (IBEC) Vol. 3 No. 1 (2024): “Sustainability Challenges Through Technology in Emerging Market Economies”
Publisher : Sekolah Tinggi Ilmu Ekonomi Eka Prasetya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47663/ibec.v3i1.293

Abstract

Analysis of interest rates, and money supply through Inflation to total consumption in Indonesia is the purpose of this study using the path analysis method. Based on the results showed that interest rates have a direct and significant effect on Inflation. Money supply directly has no significant effect on inflation. Interest rates directly have no significant effect on consumption. Money supply directly has a significant effect on consumption. Inflation directly has no significant effect on consumption. Interest rates, and money supply through inflation have no significant effect on consumption. Bank Indonesia needs to continue to maintain interest rates and money supply which will affect inflation in the market and then affect people's consumption patterns.
Analisis Pengaruh Adopsi Teknologi Digital dan Literasi Digital Terhadap Kinerja Keuangan UMKM di Indonesia Annisa, Mutiara; Rusiadi, Rusiadi; Efendi, Bakhtiar
Economics and Digital Business Review Vol. 6 No. 1 (2025): Agustus - January
Publisher : STIE Amkop Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This research examines how the adoption of digital technology and digital literacy affects the financial performance of Micro, Small and Medium Enterprises (MSMEs) in Indonesia. With a quantitative approach and using a multiple linear regression model on data from 2013 to 2023, this research finds that digital literacy and the use of e-commerce have a significant positive impact on the profitability of MSMEs. However, the adoption of digital technology and digital payment methods shows a negative, although still significant, impact on the financial performance of MSMEs. These findings indicate that digital transformation can increase the profitability of MSMEs, as long as it is supported by effective implementation strategies, such as training in technology and digital literacy. This research recommends optimizing digitalization programs, providing technological incentives and policy support to maximize the positive benefits of digitalization for the development of MSMEs.
Konsekuensi Konflik Palestina-Israel dan Kenaikan Harga Minyak Dunia terhadap Tingkat Inflasi di Indonesia Tobing, Christofel Lumban; Efendi, Bakhtiar
Jurnal Bisnis Mahasiswa Vol 5 No 3 (2025): Jurnal Bisnis Mahasiswa
Publisher : PT Aksara Indo Rajawali

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60036/jbm.562

Abstract

Perselisihan antara Palestina dan Israel tidak hanya berdampak pada aspek politik dan sosial, tetapi juga memengaruhi perekonomian global, termasuk Indonesia. Penelitian ini menganalisis dampak perang tersebut terhadap variabel ekonomi Indonesia, yakni harga minyak, cadangan devisa, dan nilai tukar rupiah, dengan menggunakan metode Vector Auto Regression (VAR) dalam periode Januari 2009 hingga Desember 2023. Hasil penelitian menunjukkan bahwa cadangan devisa dan nilai tukar menjadi variabel paling dominan dalam memengaruhi pergerakan harga minyak di Indonesia. Sebagai negara penghasil minyak, kenaikan harga minyak dunia memberi keuntungan, namun juga menambah beban APBN. Pemerintah merespons kondisi ini dengan menaikkan harga bahan bakar dalam negeri, yang mendorong kenaikan harga domestik. Oleh karena itu, peran Bank Indonesia sangat penting dalam menjaga stabilitas ekonomi nasional melalui kebijakan moneter yang tepat guna menghadapi dampak konflik global tersebut.
Analysis of Non-Cash Payment System on Economic Growth and Financial System Stability in Indonesia Apriyaningsih, Lilis; Rangkuty, Dewi Mahrani; Efendi, Bakhtiar; Sari, Wahyu Indah
Economic: Journal Economic and Business Vol. 4 No. 3 (2025): ECONOMIC: Journal Economic and Business
Publisher : Lembaga Riset Mutiara Akbar (LARISMA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56495/ejeb.v4i3.1166

Abstract

This study aims to analyze the impact of non-cash payment systems on economic growth and financial system stability in Indonesia. The non-cash payment instruments examined include e-money, debit cards, credit cards, the Bank Indonesia National Clearing System (BINCS), and real-time gross settlement (RTGS). The method used is a simultaneous equation model with the two-stage least squares (TSLS) approach, utilizing time-series data from 2013 to 2023. The results show that e-money and BINCS have a positive influence on economic growth, while RTGS and interest rates have a significant negative effect. Meanwhile, debit cards and credit cards significantly affect interest rates, with debit cards having a positive effect and credit cards a negative one. Furthermore, economic growth significantly contributes to lowering interest rates. These findings highlight that non-cash payment systems can enhance transaction efficiency, accelerate money circulation, and support monetary policy through their influence on interest rates. Therefore, strengthening digital payment systems is essential for promoting sustainable economic growth and maintaining national financial system stability.
Halal Tourism: Tambang Emas Baru Untuk Pariwisata di Indonesia Siregar, Kiki Hardiansyah; Vientiany, Dini; Efendi, Bakhtiar; Ritonga, Nazamuddin
Maro: Jurnal Ekonomi Syariah dan Bisnis Vol. 7 No. 1 (2024)
Publisher : Prodi Ekonomi Syariah Universitas Majalengka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31949/maro.v7i1.5138

Abstract

Tujuan penelitian ini untuk menganalisis produk baru dalam dunia pariwisata pasar industri serta menawarkan prospek wisata halal di Indonesia untuk memenuhi kebutuhan dan mengembangkan produk dan layanan Pariwisata halal melalui Biro perjalanan dengan menggunakan maskapai Halal, Hotel Halal dan makanan Halal. Indikator tersebut bisa menjadikan wisata indonesia ramah dan menjadi daya tarik wisata muslim ke indonesia. Metode yang digunakan dalam penelitian ini adalah Exploratory Research Design yaitu penelitian yang dirancang untuk menghasilkan pengetahuan dasar, mengklarifikasi isu-isu yang relevan, mengungkap variabel yang terkait dengan suatu masalah, dan mengungkap kebutuhan informasi. Hasil penelitian berdasarkan kuisioner dan wawancara telepon yang dilakukan di antara responden mengenai Pariwisata Halal, terlihat bahwa meskipun jenis pariwisata ini sedang booming di destinasi lain seperti Malaysia, namun beberapa responden belum mengetahui konsep baru ini. ini Meskipun Muslim telah berkontribusi pada salah satu pasar wisata terbesar di dunia, fokus pariwisata halal di Indonesia belum jelas dan untuk menyajikan perspektif Halal diperlukan dan untuk memberikan gambaran tentang pasar pariwisata halal melalui produk pariwisata halal. kesimpulan penelitian adalah ada peluang besar dalam penerapan konsep Pariwisata Halal. Dengan bertambahnya jumlah populasi Muslim dan wisatawan Muslim, segmen pasar ini diharapkan tumbuh cepat. Di sisi lain, peluang ini datang dengan tantangan besar. Tantangan-tantangan tersebut meliputi pengukuran hotel Islami, dan penerimaan serta penerapan konsep tersebut di kalangan pelaku bisnis perhotelan dan konsumen di Indonesia.