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THE ROLE OF ENERGY CONSUMPTION IN GREEN BUSINESS AND GREEN ECONOMIES IN 5GO-GREEN COUNTRIES Rusiadi, Rusiadi; Ulfa, Fatia; Efendi, Bakhtiar
PROCEEDING OF INTERNATIONAL CONFERENCE ON EDUCATION, SOCIETY AND HUMANITY Vol 2, No 1 (2024): Second International Conference on Education, Society and Humanity
Publisher : PROCEEDING OF INTERNATIONAL CONFERENCE ON EDUCATION, SOCIETY AND HUMANITY

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

Abstract

The issue to be addressed in this study is how economic policies and other outside variables affect the supply and consumption of energy, as well as how to develop efficient supply and consumption strategies for the economy. Simultaneous regression is used in the data analysis process. Green technology and green business have a good but not statistically significant association, according to the simultaneity research results. Green business and green investment are positively and significantly correlated. There is a strong and positive correlation between green building and green business. There is a strong and positive correlation between green business and the green economy. It is known from the simultaneity analysis results that emission and the green economy have a positive but not statistically significant link. There is a slight but favorable correlation between green finance and the green economy. There is a strong and positive correlation between energy usage and the green economy. There is a slight but positive correlation between green building and the green economy.
The Impact Human Development Index and Industrial Labor on Economic Growth in North Sumatra Province Efendi, Bakhtiar; Nasution , Diwayana Putri; Rusiadi, Rusiadi; Pratiwi, Devani
Jurnal Ilmiah Akuntansi Kesatuan Vol. 13 No. 3 (2025): JIAKES Edisi Juni 2025
Publisher : Institut Bisnis dan Informatika Kesatuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37641/jiakes.v13i3.3560

Abstract

Economic growth in North Sumatra remains a critical focus due to regional disparities in human development and industrial productivity. This study aims to analyze the impact of the Human Development Index and Industrial Labor on economic growth across 33 regencies/cities from 2010 to 2022. A quantitative approach using multiple linear regression with a fixed-effects model was employed, utilizing panel data from official statistics on the Human Development Index, Industrial Labor, and Gross Regional Domestic Product. The findings reveal that the Human Development Index has a significant but negative effect on economic growth, suggesting inefficiencies in translating human capital improvements into economic outcomes. Industrial Labor shows a positive but insignificant effect, likely due to low workforce skills. However, the combined effect of the Human Development Index and Industrial Labor significantly influences economic growth, indicating a synergistic relationship. The study concludes that targeted policies to enhance education, healthcare, and vocational training are essential to maximize the economic contributions of human development and industrial labor, particularly in rural areas, to foster sustainable economic growth in North Sumatra.
Hubungan antara investasi asing langsung tehadap indeks harga perdagangan besar di Indonesia: Pendekatan model persamaan simultan Lubis, Najma Azhira; Rangkuty, Dewi Mahrani; Efendi, Bakhtiar; Sari, Wahyu Indah
Journal of Economics Research and Policy Studies Vol. 5 No. 2 (2025): Journal of Economics Research and Policy Studies
Publisher : Nur Science Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53088/jerps.v5i2.2083

Abstract

This study was conducted to examine the relationship between Foreign Direct Investment and the Wholesale Trade Price Index in Indonesia, and assess how export-import, Gross Domestic Product, import duties, and export tariffs also affect the dynamics of the relationship. Using a simultaneous equation model approach and the Two Stage Least Squares (TSLS) estimation method, this study utilizes time series data from 2007 to 2024. The results of the analysis show that the Wholesale Price Index has a significant negative impact on Foreign Direct Investment. At the same time, the influence of Export-Import and Export-Import_LAG1 on Foreign Direct Investment is not proven to be significant. On the other hand, the variables of Gross Domestic Product, import duties, export tariffs, and Foreign Direct Investment together have a significant influence on Export-Import. The value of the determination coefficient in the Export-Import model indicates a higher explanatory power than the Foreign Direct Investment model. These findings confirm that the stability of major trade prices and the strengthening of macroeconomic policies are indispensable to attracting foreign investment and boosting international trade activities.
DIGITAL ECONOMIC TRANSFORMATION IN SUPPORTING AND ACCELERATING ENVIRONMENTALLY FRIENDLY ECONOMIC GROWTH IN INDONESIA Annisa, Mutiara; Rusiadi, Rusiadi; Efendi, Bakhtiar; Nazliana Nasution, Lia
Abdi Dosen : Jurnal Pengabdian Pada Masyarakat Vol. 9 No. 3 (2025): SEPTEMBER
Publisher : LPPM Univ. Ibn Khaldun Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32832/abdidos.v9i3.2933

Abstract

This study investigates the relationship between digital economy factors and environmentally sustainable economic growth in Indonesia. Variables include Internet Users (IU), Carbon Emissions (CE), Green Investment (GI), Energy Consumption (EC), and Gross Domestic Product (GDP), using 2006–2024 World Bank data analyzed through the Vector Autoregression (VAR) method. Tests conducted include unit root, Johansen cointegration, impulse response (IRF), and variance decomposition (FEVD). Results show that internet usage significantly influences green investment, energy consumption, and GDP, especially in the long term. The positive impact of IU on GDP grows over time, highlighting the role of digitalization in improving efficiency and promoting green systems. While carbon emissions were initially driven by traditional activities like exports and energy use, they are increasingly shaped by digital economy growth and green investment. Energy consumption and green investment also demonstrate a two-way relationship with technology adoption and economic growth. The findings confirm that the digital economy can accelerate sustainable development. Leveraging technology, boosting green sector investment, and managing energy use effectively can help Indonesia achieve inclusive, low-carbon growth. Policy integration between digital transformation and green development is vital to expedite the country’s progress toward the Sustainable Development Goals (SDGs).
The Effectiveness of Monetary, Macroprudential, and Microprudential Policies on Financial Stability in Indonesia During and Post-COVID-19 Veronika, Yurike; Efendi, Bakhtiar
Golden Ratio of Data in Summary Vol. 5 No. 4 (2025): August - October
Publisher : Manunggal Halim Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52970/grdis.v5i4.1663

Abstract

This study examines the impact of monetary policy (inflation and money supply), macroprudential (minimum reserve requirements and net open position), and microprudential (Capital Adequacy Ratio and Non-Performing Loan) on Indonesia's financial system stability, proxied by the exchange rate, during and post COVID-19 pandemic (2019-2024). The study employs secondary monthly time-series data and applies the Autoregressive Distributed Lag (ARDL) approach to analyze short and long-term relationships. The Wald Test is used to compare policy effectiveness across the two periods. The results indicate that Money Supply (M2), Net Open Position (NOP), and Non-Performing Loans (NPL) significantly affect the exchange rate in the long run. In contrast, Inflation, Minimum Reserve Requirements, and the Capital Adequacy Ratio (CAR) do not significantly affect. These findings suggest that M2, NOP, and NPL are the most reliable indicators for predicting Indonesia's post-pandemic financial stability. From a policy perspective, the study underscores the importance of stronger coordination among monetary, macroprudential, and microprudential policies to enhance the financial system's resilience against future shocks.
ANALYSIS OF THE INFLUENCE OF MONEY SUPPLY, INTEREST RATES, AND EXCHANGE RATES ON INFLATION IN INDONESIA Sihotang, Christine Adeina; Efendi, Bakhtiar; Rangkuty, Dewi Mahrani
International Journal of Economics, Business and Accounting Research (IJEBAR) Vol 8 No 2 (2024): IJEBAR, VOL. 08 ISSUE 02, JUNE 2024
Publisher : LPPM ITB AAS INDONESIA (d.h STIE AAS Surakarta)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/ijebar.v8i2.13443

Abstract

There are many factors that can affect inflation, both internal and external. The rate of inflation is also influenced by other factors such as increased economic activity that drives an increase in aggregate demand not matched by an increase in aggregate supply due to structural economic constraints. This research aims to determine the influence of money supply, interest rates, and exchange rates on inflation in Indonesia, both partially and simultaneously. This is a quantitative study using secondary (time series) data obtained from the Central Statistics Agency (BPS), Bank Indonesia, and the Ministry of Finance over a period of 31 years, from 1993 to 2023. The data analysis technique used is the Multiple Linear Regression Equation. The results of this study indicate that partially, money supply and interest rates have a positive and significant effect on inflation in Indonesia, while the exchange rate does not have a significant effect on inflation in Indonesia. Simultaneously, it is found that money supply, interest rates, and exchange rates together influence inflation in Indonesia.
Analisis Akseptansi Sistem Pembayaran Digital dan Inklusi Keuangan dalam Mendorong Pertumbuhan Ekonomi Nasional di 5 Negara Asean Saleha, Bunaayya; Efendi, Bakhtiar
Indonesian Research Journal on Education Vol. 4 No. 4 (2024): irje 2024
Publisher : Fakultas Keguruan dan Ilmu Pendidikan, Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/irje.v4i4.1008

Abstract

Di era perkembangan zaman saat ini transaksi digital sangat diminati dan menjadi pendorong untuk pertumbuhan ekonomi nasional,dan dari 5 negara ASEAN yang terpilih Negara Indonesia menjadi peringkat pertama menjadi pengguna e-money tertinggi di angka 29.Model analisis memakai panel ARDL(Autoregresive Distributed Lag) yang merupakan model regresi linier yang memperhitungkan pengaruh waktu.Hasil penelitan ini mengungkapkan bahwa keseluruhan leading indicator variabel short run hanya Inflasi yang signifikan terhadap PDB di 5negara ASEAN,sedangkan long run terdapat dua variabel leading indicator yang signifikan terhadap PDB yaitu BOP(Balance Of Payment) dan E-Money.
Implementasi Kebijakan Makroprudensial Dalam Stabilitas Sistem Keuangan Terhadap Inflasi In Six Middle Income Countries Pratiwi, Legia; Nazliana Nasution, Lia; Efendi, Bakhtiar
Innovative: Journal Of Social Science Research Vol. 5 No. 4 (2025): Innovative: Journal Of Social Science Research
Publisher : Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/innovative.v5i4.20748

Abstract

Penelitian ini mengkaji implementasi kebijakan makroprudensial dalam menjaga stabilitas sistem keuangan terhadap inflasi di enam negara berpenghasilan menengah (Malaysia, Vietnam, Argentina, China, Thailand, dan Indonesia) dari tahun 2010 hingga 2023, menggunakan metode Panel ARDL. Hasil studi menunjukkan bahwa suku bunga (SB) memiliki pengaruh signifikan terhadap inflasi di sebagian besar negara, menegaskan perannya sebagai instrumen kebijakan utama. Selain itu, jumlah uang beredar elektronik (JUB-E) juga terbukti signifikan memengaruhi inflasi di banyak negara, menyoroti dampak digitalisasi keuangan pada dinamika harga. Sebaliknya, Non-Performing Loan (NPL) dan Loan to Deposit Ratio (LDR) umumnya tidak menunjukkan pengaruh signifikan terhadap inflasi, kecuali pada kasus tertentu. Vietnam dan Indonesia menjadi contoh negara yang berhasil mengimplementasikan kebijakan makroprudensial secara efektif, dengan SB dan JUB-E sebagai variabel paling relevan dalam memengaruhi inflasi, menekankan pentingnya stabilitas sistem keuangan dalam mengendalikan tekanan harga.
ANALYSIS OF THE INFLUENCE OF GREEN DIGITAL ON GREEN FINANCE IN DEVELOPED COUNTRIES IN ASIA Rusdianto, Budi; Efendi, Bakhtiar; Rusiadi, Rusiadi; Nasution, Lia Nazliana; Suhendi, Suhendi
Abdi Dosen : Jurnal Pengabdian Pada Masyarakat Vol. 8 No. 4 (2024): DESEMBER
Publisher : LPPM Univ. Ibn Khaldun Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32832/abdidos.v8i4.2548

Abstract

This research aims to see the influence of green digital on green finance in developed Asian countries, namely Japan, South Korea, Singapore and Hong Kong. Since Covid 19 hit throughout the world, digital transformation has grown very rapidly. Now transactions are made easier with the help of digital, and in developed countries digitalization and a sustainable economy are developing very rapidly. This research uses a linear regression analysis model with green finance as the dependent variable and green digital as the independent variable. The results show that green digital has an influence on green freedom in developed Asian countries.
ANALISIS PENGARUH EKONOMI DIGITAL DALAM MENINGKATKAN PERTUMBUHAN EKONOMI DI INDONESIA AR, Nur Anisa; Efendi, Bakhtiar
Jurnal Review Pendidikan dan Pengajaran Vol. 7 No. 3 (2024): Vol. 7 No. 3 (2024): Volume 7 No 3 Tahun 2024 (Special Issue)
Publisher : LPPM Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/jrpp.v7i3.32551

Abstract

Ekonomi digital memiliki potensi untuk mendukung pertumbuhan ekonomi Indonesia. Seiring berkembangnya teknologi seperti pemberdayaan dari peran integrasi digital maka suatu negara dapat mendorong perekonomiannya ke arah ekonomi digital bertujuan utuk menganalisis faktor-faktor ekonomi digital yang dapat mempengaruhi pertumbuhan ekonomi menggunakan indikator ekonomi digital seperti e-money, e-commerce dan pengguna internet dan indikator makro ekonomi seperti jumlah penduduk dan pendapatan perkapita terhadap inflasi dan produk domestik bruto. Menggunakan data penelitian tahun 2008-2022 dari World Bank dengan pendekatan Two Stage Least Square (TSLS) yang menghasilkan produk domestik bruto berpengaruh positif signifikan terhadap inflasi, e-money dan jumlah penduduk berpengaruh negatif signifikan. pengguna internet positif tidak signifikan. Pendapatan perkpita berpengaruh positif signifikan, sedangka inflasi negatif signifikan dan e-commerce negatif tidak siginifikan terhadap produk domestik bruto. Maka perlu strategi kebijakan pada sistem keuangan sesuai dengan lebih terkoordinasi untuk menghadapi dinamika perkembangan digitalisasi.