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The Impact of QRIS Policy on the Development of Micro Businesses in Medan City, Indonesia Arif Rahman; Rahman, Arif; Hakim, Sukma Hayati; Pratomo, Wahyu Ario
Journal of Economics, Business, and Accountancy Ventura Vol. 26 No. 3 (2023): December 2023 - March 2024
Publisher : Universitas Hayam Wuruk Perbanas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14414/jebav.v26i3.3585

Abstract

This study analyzes the impact of the QRIS policy in the early stages of implementation on financial performance and expansion of the market share of micro-businesses in Medan City. Financial performance is observed through changes in turnover and net profit; meanwhile, market share is determined based on changes in the number of new customers before and after the implementation of the QRIS policy. This study employs the Difference in Differences (DiD) method. The type of data used is primary data. Purposive and random sampling was utilized with 50 samples of micro businesses for the treatment group and 50 for the control group. The time difference was found between before and after the implementation of the QRIS policy. The results of this study show that the QRIS policy has a positive and significant effect on the increase in new consumers. On the other hand, the QRIS policy has no significant impact on the net profit and turnover of micro businesses. The COVID-19 pandemic has significantly and negatively impacted micro-enterprises, sharply declining revenue and net profit. However, based on the magnitude of the decline, the control group experienced a relatively greater turnover and net profit decline than the treatment group. The implication of this study is the need for efforts to increase micro-entrepreneurs understanding of the importance of faster adaptation to advances in digital technology, one of which is adjustments to a more flexible payment system so that consumers can get a wider choice of payment schemes. In addition, payment system authorities should address various obstacles in using the system and provide more massive socialization of the products offered.
Drivers Of Development Inequality In North Sumatra: Economic Growth, Agglomeration, Human Development Index And Government Expenditure Hakim, Sukma Hayati
Convergence: The Journal of Economic Development Vol.6 No.1 (2024)
Publisher : Universitas Bengkulu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33369/convergencejep.v6i1.40163

Abstract

Abstract Regional development disparities among cities in North Sumatra remain a crucial issue in regional economics, impacting uneven growth and societal welfare. This study analyzes urban development inequality in eight cities in North Sumatra from 2011 to 2023 using the Williamson Index (IW) and panel data regression analysis. The findings indicate that the average regional development inequality is moderate, with an IW value of 0.31, though significant disparities exist among cities. Medan exhibits the highest inequality (IW = 0.836) due to economic dominance and urbanization concentrated in trade and industry sectors, while Pematang Siantar records the lowest inequality (IW = 0.054) with more balanced development distribution. Simultaneously, economic growth, the Human Development Index (HDI), agglomeration, and local government capital expenditure significantly influence regional disparities. However, in a partial analysis, only HDI (p = 0.0092) and agglomeration (p = 0.000) are found to have a significant impact, whereas economic growth and government capital expenditure do not show a significant effect. These findings highlight that economic agglomeration is the most dominant factor exacerbating inequality, while an increase in HDI tends to widen disparities if development distribution remains uneven. Therefore, more effective policies are needed, such as redistribution of investment based on HDI, optimization of capital expenditure allocation for infrastructure in underdeveloped areas, and economic incentives to promote more balanced growth beyond Medan. Keywords: Regional Inequality, Economic Growth, Human Development Index, Agglomeration, Government Capital Expenditure Abstrak Kesenjangan pembangunan regional di antara kota-kota di Sumatera Utara tetap menjadi masalah penting dalam ekonomi regional, yang berdampak pada pertumbuhan yang tidak merata dan kesejahteraan masyarakat. Penelitian ini menganalisis ketimpangan pembangunan perkotaan di delapan kota di Sumatera Utara dari tahun 2011 hingga 2023 menggunakan Williamson Index (IW) dan analisis regresi data panel. Temuan menunjukkan bahwa rata-rata ketimpangan pembangunan daerah sedang, dengan nilai IW 0,31, meskipun ada kesenjangan yang signifikan antar kota. Medan menunjukkan ketimpangan tertinggi (IW = 0,836) karena dominasi ekonomi dan urbanisasi yang terkonsentrasi pada sektor perdagangan dan industri, sedangkan Pematang Siantar mencatat ketimpangan terendah (IW = 0,054) dengan distribusi pembangunan yang lebih seimbang. Secara bersamaan, pertumbuhan ekonomi, Indeks Pembangunan Manusia (IPM), aglomerasi, dan belanja modal pemerintah daerah secara signifikan mempengaruhi kesenjangan regional. Namun, dalam analisis parsial, hanya IPM (p = 0,0092) dan aglomerasi (p = 0,000) yang ditemukan memiliki dampak yang signifikan, sedangkan pertumbuhan ekonomi dan belanja modal pemerintah tidak menunjukkan efek yang signifikan. Temuan ini menyoroti bahwa aglomerasi ekonomi adalah faktor paling dominan yang memperburuk ketimpangan, sementara peningkatan IPM cenderung memperlebar kesenjangan jika distribusi pembangunan tetap tidak merata. Oleh karena itu, diperlukan kebijakan yang lebih efektif, seperti redistribusi investasi berbasis IPM, optimalisasi alokasi belanja modal untuk infrastruktur di daerah tertinggal, dan insentif ekonomi untuk mendorong pertumbuhan yang lebih seimbang di luar Medan. Kata Kunci: Ketimpangan Pembangunan, Pertumbuhan Ekonomi, Indeks Pembangunan Manusia, Aglomerasi, Belanja Modal Pemerintah
Optimization of packaging and marketing of Awaina Shrimp Paste as a leading product of Langsa City Hakim, Sukma Hayati; Sari, Raina Linda; salman; hanum, nurlaila
Journal of Saintech Transfer Vol. 7 No. 2 (2024): Journal of Saintech Transfer
Publisher : Talenta Publisher Universitas Sumatera Utara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32734/jst.v7i2.14806

Abstract

Indonesia's coastal resources provide livelihoods for many communities, including Langsa City in Aceh Province, known for its shrimp paste production. Terasi Awaina, a local shrimp paste business, faces challenges with outdated packaging and limited marketing reach. This community service project aimed to optimize Terasi Awaina's packaging and marketing strategies. Conducted over six months, the project involved surveys, practical training, outreach, and mentoring to enhance the business's operations and market appeal. Training focused on modern packaging techniques and establishing an official business website. The results showed significant improvements in participants' knowledge and skills, increased production efficiency, and expanded market reach. Modern packaging and a professional online presence boosted sales and competitiveness. This project demonstrates the potential for technological and digital solutions to drive sustainable development in traditional industries, contributing to economic growth and improved livelihoods in rural communities.
The Impact of QRIS Policy on the Development of Micro Businesses in Medan City, Indonesia Rahman, Arif; Hakim, Sukma Hayati; Pratomo, Wahyu Ario
Journal of Economics, Business, and Accountancy Ventura Vol. 26 No. 3 (2023): December 2023 - March 2024
Publisher : Universitas Hayam Wuruk Perbanas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14414/jebav.v26i3.3585

Abstract

This study analyzes the impact of the QRIS policy in the early stages of implementation on financial performance and expansion of the market share of micro-businesses in Medan City. Financial performance is observed through changes in turnover and net profit; meanwhile, market share is determined based on changes in the number of new customers before and after the implementation of the QRIS policy. This study employs the Difference in Differences (DiD) method. The type of data used is primary data. Purposive and random sampling was utilized with 50 samples of micro businesses for the treatment group and 50 for the control group. The time difference was found between before and after the implementation of the QRIS policy. The results of this study show that the QRIS policy has a positive and significant effect on the increase in new consumers. On the other hand, the QRIS policy has no significant impact on the net profit and turnover of micro businesses. The COVID-19 pandemic has significantly and negatively impacted micro-enterprises, sharply declining revenue and net profit. However, based on the magnitude of the decline, the control group experienced a relatively greater turnover and net profit decline than the treatment group. The implication of this study is the need for efforts to increase micro-entrepreneurs understanding of the importance of faster adaptation to advances in digital technology, one of which is adjustments to a more flexible payment system so that consumers can get a wider choice of payment schemes. In addition, payment system authorities should address various obstacles in using the system and provide more massive socialization of the products offered.
Making Hand sanitizer from Eucalyptus citriodora plants as an economic opportunity in the new normal era Taufik, Muhammad; Syafii, M; Rahman, Arif; Hamdi; Hakim, Sukma Hayati
ABDIMAS TALENTA: Jurnal Pengabdian Kepada Masyarakat Vol. 5 No. 2 (2020): ABDIMAS TALENTA : Jurnal Pengabdian Kepada Masyarakat
Publisher : Talenta Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (556.352 KB) | DOI: 10.32734/abdimastalenta.v5i2.5070

Abstract

The Covid-19 pandemic that occurred in Indonesia, especially in Medan City, made people lose their jobs and had to survive to prevent the transmission of Covid-19. On average, residents who live close to infection-prone areas flock to buy masks and hand sanitizers. The supplies of hand sanitizers at various pharmacies has run out, even though the prices have gone up even ten times. This activity aims to socialize and train the making of hand sanitizers from Eucalyptus citriodora plants as an economic opportunity in the New Normal Era. The solution method is carried out by providing preparation training, extraction, and economic analysis of the availability of raw materials and the feasibility of Hand sanitizer products to the community in Tegal Sari Mandala II Village, Medan Denai District, Medan City. The results that have been achieved are hand sanitizer products made by the community and have high entrepreneurial skills in this New Normal Era. This activity is beneficial for the community, especially in terms of increasing knowledge and skills in making Hand sanitizers that can be applied to improve the economy during the Covid-19 Pandemic.