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Analysis of Factors Affecting Indonesian Government Debt Eva Latifah; Harahap, Muhammad Nasim; Hady Sutjipto; Togi Haidat Mangara; Rizal Syaifudin
Jurnal Ilmu Manajemen dan Ekonomika Vol. 17 No. 1 (2024): Jurnal Ilmu Manajemen dan Ekonomika, Vol. 17, No.1, December 2024
Publisher : Indonesia Banking School

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35384/jime.v17i1.603

Abstract

This study aims to determine the effect of Gross Domestic Product, New Debt Withdrawal, Exchange Rate, Inflation and Foreign Exchage Reserves on Indonesian Government Debt in 1988-2022. The analysis technique used time series data regression analysis with the Error Correction Model (ECM) method processed using Eviews 10. The result of the study partially show that GDP has a negative and significant effect on government debt in the long term and has no significant effect in the short term, New debt withdrawal has a positive and significant effect in the long term and short term, Exchange rate has a positive and significant effect in the long term and short term, inflation has a negative and significant effect in the long term and short term, and Foreign Exchange Reserves have a positive and significant effect in the long term and short term. Simultaneously, the variables GDP, New debt withdrawal, Exchange rate, Inflation and Foreign Exchage Reserves affect Indonesian Government Debt in 1988-2022.  
Analysis of factors affecting regional financial independence in primary leading sector districts Latipah, Siti Lailatul; Hady Sutjipto; Ginanjar, Rah Adi Fahmi; Setyadi, Sugeng; Didu, Saharuddin
Journal of Entrepreneurial Economics Vol. 2 No. 1: (February) 2025
Publisher : Institute for Advanced Science, Social, and Sustainable Future

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61511/jane.v2i1.2025.1432

Abstract

Background: Regional autonomy has been implemented for more than two decades, but local governments can still not manage their local finances independently. Problems that occur in the implementation of regional autonomy can occur from within and outside the country. Domestic conditions indicate that people want openness and independence, while foreign conditions indicate that the increasing progress of globalization demands the competitiveness of each country, including the competitiveness of local governments. Methods: This study uses panel data consisting of time series data from 2018 - 2022 and cross-section data on 140 districts in Indonesia that have primary leading sectors. The analysis method is the Generalized Method of Moments (GMM) method with the System Generalized Method of Moments approach to address endogeneity problems and dynamic economic correlations. Findings: The results of this study indicate that the primary output variable and tax ratio have a positive and significant effect on regional financial independence. In contrast, natural resource revenue-sharing funds and general allocation funds have a negative and significant effect. Meanwhile, the special allocation fund variable does not affect regional financial independence. Conclusion: This study concludes that enhancing primary output and optimizing tax ratios are crucial for improving regional financial independence. However, reliance on revenue-sharing funds and general allocation funds can hinder financial autonomy. Policy implications suggest the need for local governments to strengthen their economic base and reduce dependency on central government transfers to achieve greater fiscal independence. Novelty/Originality of this Article: This study provides a novel approach to analyzing regional financial independence by utilizing the System Generalized Method of Moments (GMM) to address dynamic economic correlations and endogeneity issues. 
Pengaruh Jumlah Wisatawan, Jumlah Objek Wisata, Jumlah Restoran, TPK Hotel, dan Investasi terhadap PAD Provinsi Bali Indina; Hady Sutjipto; Sayifullah
JEMeS - Jurnal Ekonomi Manajemen dan Sosial Vol. 9 No. 2 (2026): Jurnal Ekonomi Manajemen dan Sosial (JEMeS)
Publisher : Universitas Bojonegoro

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Abstract

This study examines the impact of the number of tourists, number of tourist attractions, hotel room occupancy rates, number of restaurants, and investment on Locally-Generated Revenue (PAD) in the regencies and cities of Bali Province between 2015 and 2024. The study employs panel data, combining ten years of time-series data (2015–2024) with cross-sectional data covering nine regencies and cities in Bali. The analysis utilizes panel data regression with a Fixed Effect Model (FEM) approach. The results indicate that the number of tourists, hotel room occupancy rates, number of restaurants, and investment have a significant positive impact on Locally-Generated Revenue. However, the variable representing the number of tourist destinations did not show a significant influence on PAD. Nevertheless, overall, all independent variables—namely the number of tourists, number of tourist attractions, hotel room occupancy rates, number of restaurants, and investment—were found to have a significant impact on Locally-Generated Revenue in Bali's regencies and cities during the study period. These findings demonstrate that progress in the tourism and investment sectors plays a crucial role in strengthening regional financial capacity. Increases in tourist numbers, optimized hotel occupancy rates, growth in the number of restaurants, and rising investment can stimulate economic activity, ultimately leading to an increase in Locally-Generated Revenue.