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ECONOMIC GROWTH: A COMPREHENSIVE ANALYSIS OF FINANCIAL AND LABOR Eva Wulandari; Dewi Kartikasari; Yustirania Septiani; Fitrah Sari Islami
Jurnal REP (Riset Ekonomi Pembangunan) Vol. 8 No. 1 (2023): April 2023
Publisher : Universitas Tidar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31002/rep.v8i1.1354

Abstract

Economic growth is an indicator that discloses the economic condition of a region. In 1990, Indonesia met its highest growth rate that had ever occurred, in which in subsequent years it tended to decline although Indonesia's financial and labor revenues increased. Therefore, this research aims to analyze the influence of financial and labor aspects on Indonesia's economic growth, both short and long-term. The research was conducted using quantitative descriptive techniques. Secondary data is in the form of time series. The analysis technique uses multiple linear regression with the ARDL (Autoregressive Distributed Lag) model. The research explains that tax revenue, and non-tax state revenue as financial indicators have a positive and significant influence, and labor has a significant negative influence in the long term, while foreign investment has a positive and insignificant influence. Tax revenues and non-tax state revenues have a positive and significant effect on Indonesia's economic growth, while foreign investment and labor have an insignificant effect in the short term for the period 1990-2022.
Medium Small Micro Enterprise (MSME) Development and Economic Growth: Causality Analysis Gentur Jalunggono; Retno Sugiharti; Fitrah Sari Islami; Puji Aisyah Zahroti
Optimum: Jurnal Ekonomi dan Pembangunan Vol. 12 No. 2 (2022)
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/optimum.v12i2.6137

Abstract

As a business sector with a fairly large contribution to national output, government support for Micro, Small, Medium Enterprises (MSMEs) is increasingly being increased, even though the ratio of MSME credit to total national credit is still very small.  Capital difficulties are a classic problem faced by MSMEs, but the high growth of MSMEs is a gap that shows the resilience of MSMEs. Therefore, this study wants to analyze whether the existence of MSMEs encourages economic growth, or vice versa, economic growth must be boosted to increase MSMEs. This study investigates the causal relationship and long-term stability conditions between MSME credit distribution variables and Indonesia's economic growth in the 2011 - 2019 period, using Direct Error Correction Model causality on panel data. The estimation result shows that MSME credit distribution has a positive and significant relationship to economic growth only in a long term. On the other hand, the causal relationship between MSME credit and economic growth is not proven, which means that there is no reciprocal relationship between credit and economic growth, or said in here demand following hypothesis is not proven