Claim Missing Document
Check
Articles

ANALISIS PENGGUNAAN UANG ELEKTRONIK TERHADAP PERTUMBUHAN EKONOMI: STUDI EMPIRIS INDONESIA TAHUN 2014-2021 Febitania, Nabila Zakia; Agus Suman
Journal of Development Economic and Social Studies Vol. 3 No. 2 (2024)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/jdess.2024.03.2.14

Abstract

The use of modern technology is growing rapidly, with innovation leading to the increasing replacement of cash transactions by electronic payments. This trend is reflected in the value of electronic money transactions which continues to increase, reaching IDR 786.35 trillion in 2021. Thus, the aim of this research is to assess how Indonesia's economic growth is influenced by the use of electronic payment systems. The study approach examines possible short-term and long-term relationships between electronic money, money supply, interest rates, inflation and economic growth using the Vector Error Correction Model (VECM). Using documentation techniques, data on GDP, money supply, electronic money transactions, interest rates and inflation were collected from Bank Indonesia and the Central Statistics Agency between 2014 and 2021. According to research, there is a short-term relationship between economic growth and the use of electronic money. However, as time goes by, economic growth is only influenced by the positive relationship between inflation and the money supply. These results are intended to provide insight for decision makers in Indonesia to continue to innovate in the development of electronic money to support sustainable economic growth.
ANALISIS DAMPAK DIGITALISASI SISTEM KEUANGAN INDONESIA TERHADAP PERMINTAAN UANG KARTAL Virnanda, Yohana; Suman, Agus
Contemporary Studies in Economic, Finance and Banking Vol. 2 No. 4 (2023)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/csefb.2023.02.4.14

Abstract

The growth of technology that has an impact on the financial world causes people's responses to change so, research about the effect of digitization of the Indonesian financial system on the demand for cash with a research period from 2018 to 2022 using the Autoregressive Distributed Lag (ARDL) method by secondary data is carried out. The results showed that in the short term, the previous period of cash, credit cards, electronic money in 2022 and 2020 also inflation negatively affected the demand for cash. While in the long run, only the transaction value of ATM/Debit cards and credit cards have a negative effect on changes in Y. Increased use of non-cash payment instruments that are able to reduce the composition of cash for daily transactions must be accompanied by improved payment system policies, the legalization of digital rupiah and support for improving public financial literacy.
PENGARUH LITERASI KEUANGAN, HERDING, DAN HEURISTIK TERHADAP KINERJA INVESTASI MAHASISWA DI INDONESIA Karimah, Haifa Asma; Suman, Agus
Contemporary Studies in Economic, Finance and Banking Vol. 3 No. 1 (2024)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/csefb.2023.03.1.19

Abstract

This study aims to analyze the influence of financial literacy, herding, and heuristics on the investment performance of university students in Indonesia. The first issue in this study is the small number of investors caused by the motivation and return of investment, and the second issue is the discovery of anomalies in the capital market. The main theory used as a reference in this research is Behavioral Finance theory.  This type of research is quantitative with primary data using a Likert scale, tested by the Partial Least Square method. The results in this study indicate that financial literacy and heuristics have a positive and significant effect on investment performance. In addition, herding has a positive but insignificant influence on investment performance. This research has a contribution as a source of new information and reference in the development of science, especially with studies related to investment, capital markets, financial behavior, and other related topics.
DINAMIKA IMPLEMENTASI AKAD JUAL BELI PROPERTI SYARIAH NON BANK Bintang, Ikhsan; Suman, Agus
Islamic Economics and finance in Focus Vol. 2 No. 1 (2023)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ieff.2023.02.01.06

Abstract

This research aims to see the dynamics that occur in the sharia contract scheme used in the Rumahku Surgaku program, starting from the validity of the contract used, the advantages of the program used, then the problems that occur in the contract process as well as the precautions and solutions made to overcome these problems. This research uses primary data from interviews with informants involved, and secondary data obtained from dissertations, literature, articles, journals, and internet sites. The research is qualitative and descriptive. The results of this study indicate that the contract used in the Rumahku Surgaku program is legally valid through the DSN MUI fatwa. The dynamics that occur include consumer literacy issues, sharia marketing needs, risk analysis needs, defaults, payment delays, sale and purchase cancellations, and fines that overlap with applicable law. As an action, a draft contract is made, educating consumers, conducting studies and training for employees, and implementing deliberation, and as a solution, sanctions are imposed for breach of promise, applying compensation for cancellation of sale and purchase, giving consumers the right to complain about product discrepancies, establishing Islamic estate management, and the right to seek assistance from legal institutions if there are problems that cannot be resolved by deliberation.
Economic Valuation of Bubohu Religious Tourism Village in Gorontalo District Katili, Annisa Pratiwi; Suman, Agus; Syafitri, Wildan
Journal of International Conference Proceedings Vol 6, No 7 (2023): 2023 ICPM Bali Proceeding
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/jicp.v6i7.2769

Abstract

The development of industrial tourism at local level directly opens up employment in tourism areas which can be managed and utilised by local communities. Bubohu religious tourism village is one of the tourism villages having a good potential economy, however there still are identified poverty issues in the village. This research calculates the value of potential economic and multiplier effect value of religious tourism village Bubohu by identifying the amount of visitor expenditure, business unit income, expenditure of business units and labour expenditure in this village. The research results obtained the average value of Willingness to pay (WTP) indicating the expenditure of individual tourists visiting amounted to Rp. Rp.395.555 -/person. Then the estimated economic valuation of Bubohu religious tourism village which is based on tourist expenditure amoundted Rp.7.512.391.111. Furthermore, economic value will increase along with tourists coming to visit Bubohu religious tourism. The multiplier effect analysis results acquired that Keynesian Income Multiplier value is 1,25, and Ratio Income Multiplier type 1 is 1,45 as well as Ratio Income Multiplier type 2 is 1,87. The results indicated that the existing tourism activities at Bubohu religious tourism village have a good economic impact on the local communities.
DETERMINAN YANG MEMPENGARUHI KEMISKINAN DI PULAU JAWA (PERSPEKTIF TEORI PRO-POOR GROWTH & HUMAN CAPITAL) Fauziah, Nurafikatul; Agus Suman
Journal of Development Economic and Social Studies Vol. 3 No. 4 (2024)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/jdess.2024.03.4.03

Abstract

Despite being the economic and governmental center, the number of impoverished people in Java Island exceeds half of the total impoverished population in Indonesia. Based on this, this research aims to examine the determinants influencing poverty in Java Island, covering 6 provinces during the period 2015-2022, based on the perspectives of pro-poor growth theory and human capital. The data used is sourced from BPS and employs panel data analysis techniques with a fixed-effect model. The research findings indicate that, individually, education and unemployment do not have a significant impact on poverty. Meanwhile, economic growth and the Human Development Index (HDI) have a negative and significant impact on poverty in Java Island. Simultaneously, economic growth, education, HDI, and unemployment collectively influence poverty in Java Island.
The Effect of Block Grants on the Level of Community Welfare Through Education Function Expenditure Aqilla Cinantya Wara Dayinta; Agus Suman
Journal of Development Economic and Social Studies Vol. 4 No. 1 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/jdess.2025.04.1.13

Abstract

This research is motivated by the high transfer funds (DAU and DBH) and the high expenditure on education functions in East Java. The high transfer funds and education function expenditure have not been able to make East Java have a high HDI compared to other regions in Java. Therefore, this study aims to determine the effect of DAU and DBH on HDI through education function expenditure in cities and districts in East Java Province in 2018-2022. The data in this study are panel data sourced from the APBD realisation data of 29 districts and 9 in East Java Province published by the Directorate General of Fiscal Balance (DJPK) of the Ministry of Finance. The research uses path analysis technique with the results of DAU has a significant positive effect on education function expenditure, DBH has no effect on education function expenditure, DAU has a significant negative effect on HDI, DBH has a significant positive effect on HDI, education function expenditure has no effect on HDI, DAU has no effect on HDI through education function expenditure, and DBH has no effect on HDI through education function expenditure.
PENGARUH EFISIENSI PASAR SAHAM TERHADAP KEPUTUSAN TRANSAKSI SAHAM: PENDEKATAN CAPITAL ASSET PRICING MODEL Asadyawan Putra; Agus Suman
Contemporary Studies in Economic, Finance and Banking Vol. 3 No. 3 (2024)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/csefb.2024.03.3.14

Abstract

This research journal explains the effect of stock market efficiency as an observation in investors' decisions to carry out IPO transactions for PT issuers. GOTO Gojek Tokopedia LockUp and Post LockUp period. The research begins in April 2022 to August 2023, using the concept of the Capital Asset Pricing Models approach which consists of calculating Company Beta (β), Risk Free Rate, and Risk Premium. The data used is in panel form with secondary characteristics originating from PT IPO price data. GOTO, historical stock prices, historical IHSG data, and BI-7DRR. This journal obtained two results, first, stock return (Ri) had a significant positive effect on expected return in the LockUp period, but stock return (Ri) had a significant negative effect on expected return in the Post LockUp period. It can be concluded that investors have greater return expectations during the LockUp period. Second, the Post LockUp period reversed to the LockUp period, where stock returns had a positive value, while expected returns had a negative value.
Determinants of Labor International Migration In Java Sitoresmi, Luthfiah Nur; Suman, Agus
Journal of Development Economic and Social Studies Vol. 4 No. 4 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/jdess.2025.04.4.21

Abstract

International labor migration is an important aspect in population dynamics and economic development, particularly in Java, which is the region with the largest number of Indonesian Migrant Workers (PMI). This phenomenon is influenced by various economic factors that drive individuals to seek employment opportunities abroad. This study aims to analyze the determinants of international labor migration in Java during the period 2017-2023, with independent variables including poverty, Gross Regional Domestic Product (GRDP), Open Unemployment Rate (OUR), and Provincial Minimum Wage (UMP). The analytical method used is panel data regression with a Fixed Effect Model (FEM) approach. The results indicate that the variables of poverty and Open Unemployment Rate (OUR) have a negative and significant effect on international labor migration. Meanwhile, the variables of Gross Regional Domestic Product (GRDP) and Provincial Minimum Wage (UMP) do not have a significant effect on international labor migration.
Analysis of the Effects of Economic Growth, Minimum Wages, and Education on Unemployment in Indonesia During the 2014-2023 Period Habibie, Muhammad Fadhlan; Suman, Agus
Journal of Development Economic and Social Studies Vol. 4 No. 3 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/jdess.2025.04.3.06

Abstract

This study aims to analyze the impact of economic growth, minimum wage, and education on unemployment in Indonesia during the 2014-2023 period. The study is motivated by the high unemployment rate in Indonesia during the Jokowi administration compared to the SBY administration. The data used is secondary data from the Badan Pusat Statistik (BPS), covering 34 provinces in Indonesia. The analysis method employed is multiple linear regression with panel data. The results show that economic growth and minimum wage have a significant negative effect on the unemployment rate, while education does not have a significant effect on unemployment. Simultaneously, economic growth, minimum wage, and education significantly influence the reduction of unemployment. These findings suggest the importance of improvements in the economic sector, the implementation of minimum wage policies, and the quality of education in reducing unemployment in Indonesia. The implications of this study can assist the government and other stakeholders in formulating effective policies to alleviate unemployment in the region.
Co-Authors A.S., Putu Mahardika Agatha Christy Permata Sari Agung Yuniarinto Ahmad Erani Yustika Ahmad Erani Yustika Ahmad Erani Yustika Akmal Riza Alfian Adiwantomo Angga Yanuar Triesmarandita Anisa Fitria Utami Anisa Fitria Utami Anisa, Vera Novia Antariksa Antariksa Aqilla Cinantya Wara Dayinta Ardina, Sovia Armanu - Thoyib Asadyawan Putra Asfi Manzilati Astini, Natasya Dyah Putri Atu Bagus Wiguna Bagyo Yanuwiadi BAIDOWI - - Batik, Karlina Bayu Krisnamurthi Benyamin - Parubak Bintang, Ikhsan Bunga Hidayati Bunga Hidayati David Kaluge DAVID KALUGE Davina Jeihan Zafira Devanto Shasta Pratomo Dwi Budi Santoso Dwi Budi Santoso Dwi Susilowati Dwiki Wicaksono, Dwiki Eka Afnan Troena Eka Intan Kumala Putri Ekawati, Marlina Faisol Muttaqin, Alfin Fauziah, Nurafikatul Febitania, Nabila Zakia Ferry Prasetyia Frederic Winston Nalle Ghozali Maskie Grace Sumbung Habibie, Muhammad Fadhlan HAMAMAH, M.Pd. Haya, Aulia Aqila Hendika S.L. Ibrahim - - Ida Ayu Nyoman Saskara Indah Dewi Nirwana Iswan Noor Jayawarsa, A.A. Ketut Jeany Mandang Jose Rizal Joesoef Kamila, Adelia Cahya Karimah, Haifa Asma Karlina Batik Katili, Annisa Pratiwi Khairani Alawiyah Matondang KHOIRUL ANAM Khusnul Ashar Khusnul Ashar Khusnul Ashar Khusnul Ashar Killian, Pantri Muthriana Erza Kliwon Hidayat Krisnawati, Estifania Lukman Hakim M Pudjiharjo M Umar Burhan M. Firmansyah M. Firmansyah M. Umar - Burhan M.S. Idrus Maesur Sindi, Amalia Marlina Ekawaty Matondang, Khairani Alawiyah Muhammad Eko Purnomo Musyaffa, Muhammad Ashari Neli Aida Ni Nyoman Yuliarmi Noer Soetjipto Nur Farida Nuraini, Adinda Putri Nurhuda, M. Paulus Kindangen Pinatih, Ni Komang Desy Arya Prasetya, Lalu Muhammad Azmi Pudjihardjo .. Putu Mahardika A.S. Putu Mahardika Adi Saputra Rachmad Kresna Sakti Rachmad Kresna Sakti Rahel Kimbal Rajasa, Muhammad Attar Indra Renaldy Rakhman Luthfi Riniati Rizaldi, Muhammad Rizki Nufiarni, Rizki Ronny Ersya Novianto Putra Rosyidah, Lathifatul Rudi Masniadi S.M. Kiptiyah Sasongko Sasongko Sasongko Sasongko, Sasongko Satti Wagistina Setiawan, Fredy Nugroho Siti Hamidah Siti Rohima Sitoresmi, Luthfiah Nur Soemarno Soemarno Supriani, Indri Surachman Surachman Suryadi S, Lalu Susilo . Susilo Susilo Sutrisno - Djaja Treesye I Turang Ubud - Salim Virnanda, Yohana Widiyanti, Dwi Retno Wildan Syafitri Yohanes Hadi Soesilo Zhahirah, Nasywa Zuhdiyaty, Noor