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Community Service: Entrepreneurship And Cultural Collaboration To Improve The Quality Of University Mutia, Evi; Madjid, Iskandarsyah; Azuddin Yakob, Noor; Asmara, Jhon Andra; Mulyany, Ratna; BZ, Fazli Syam; Farid, Farid; Suryani, Ade Irma; Halimatussakdiah, Halimatussakdiah; Nizam, Ahmad; Seftarita, Chenny; Bambang, Bambang
International Journal Of Community Service Vol. 3 No. 4 (2023): November 2023 ( Indonesia - Republik Demokratik Timor Leste - Malaysia - USA -
Publisher : CV. Inara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51601/ijcs.v3i4.227

Abstract

This community service carries the theme of entrepreneurship and cultural collaboration, which aims to improve the quality of universities. Universities act as centers of academic learning and as agents of positive transformation and foster an entrepreneurial mindset among their students. This activity was carried out by the Faculty of Economics and Business, Universitas Syiah Kuala, in collaboration with the Graduate School of Business, Universiti Kebangsaan Malaysia. Using Service Learning (SL) and Partnership/Collaboration methods, this program combines entrepreneurship and cultural collaboration, providing a holistic approach to university engagement. Entrepreneurship education has gained significant recognition as a catalyst for innovation, economic growth, and job creation. Cultural collaboration, in parallel, underscores the importance of preserving and celebrating cultural diversity while fostering cross-cultural understanding, which in this program is carried out by rebranding the university in particular and Aceh in general. As the university grows, its commitment to community service remains a cornerstone of its mission to create a better, more inclusive, and culturally enriched society. Future initiatives could explore deeper aspects, such as innovation and sustainable collaboration strategies.
Understanding Short-Term and Long-Term Price Fluctuations of Main Staple Food Commodities in Aceh Province, Indonesia: An ARDL Investigation Putra, Hadi Arisyah; Fijay, Ade Habya; Suriani, Suriani; Seftarita, Chenny; Ringga, Edi Saputra; Wintara, Heri; Fadliansah, Oka
Ekonomikalia Journal of Economics Vol. 1 No. 1 (2023): July 2023
Publisher : Heca Sentra Analitika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60084/eje.v1i1.50

Abstract

Aceh Province still relies on external sources from other regions for its main staple food commodities, resulting in unpredictable price fluctuations. To address this issue, it is essential to identify the key determinants responsible for these fluctuations and implement suitable preventive measures and policies. Utilizing monthly time-series data from January 2016 to December 2020 and employing the Autoregressive Distributed Lag (ARDL) approach, we investigate the short-term and long-term impact of variables like raw material prices, rainfall, and price index received by farmers on the price fluctuations. The results of the ARDL estimation reveal that all selected independent variables play a crucial role and significant in influencing the price fluctuations of main staple food commodities. Armed with these findings, we suggest that policymakers can provide necessary resources to farmers, strengthen weather monitoring systems, and enhance market transparency, thus better controlling future price fluctuations of regional staple food commodities.
Kausalitas Pertumbuhan Ekonomi Daerah, Suku Bunga, dan Permintaan-Penawaran Kredit: Pemodelan Simultan Suriani, Suriani; Seftarita, Chenny
Jurnal Samudra Ekonomi dan Bisnis Vol 13 No 1 (2022)
Publisher : Fakultas Ekonomi Universitas Samudra

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33059/jseb.v13i1.3962

Abstract

This study analyzes the effect of regional economic growth and interest rates on the demand-supply of credit in Aceh Province. The initial objective of the reduction regression is to analyze the effect of loan to deposit ratios, non-performing loans, loan to value, and interest rates on regional economic growth and the final stage is to investigate the causal relationship between regional economic growth and total loans disbursed in Aceh Province. The data period used is 2011-2014 quarterly. The method used was two-stage least square regression. The regression results indicate that regional economic growth has a positive effect on bank lending. However, interest rates do not affect total lending. The results of the causality test explain that regional economic growth has a causal relationship with credit disbursement. The local governments can improve the regional economy by supporting productive economic funding through banking financial institutions.
The Effect of Capital Market and Public Savings on Indonesia's Economic Growth Binanga, Angga; Apridar; Seftarita, Chenny
MSJ : Majority Science Journal Vol. 2 No. 4 (2024): MSJ-November
Publisher : PT. Hafasy Dwi Nawasena

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61942/msj.v2i4.241

Abstract

This study analyzes the impact of the capital market and public savings on economic growth in Indonesia using panel data from 34 provinces over the period 2016 to 2022. It aims to address the gaps in previous research, which showed inconsistent results regarding the effect of real sector investment on economic growth. Through multiple linear regression, this study finds that the capital market and public savings have a positive and significant influence on economic growth. These findings suggest that increasing capital accumulation in the capital market and public savings in banks can be an effective strategy to stimulate economic growth. The best model used in this study is the Fixed Effect Model, selected based on the Chow and Hausman tests. The coefficient of determination indicates that the capital market and public savings variables can explain the variation in economic growth significantly. This study contributes new insights by using data on domestic investor assets at the provincial level and offers policy recommendations to enhance public participation in the capital market and banking sector. The limitations of this study lie in the data coverage, which is restricted to Indonesia and spans a seven-year period, thus caution is needed when generalizing the findings to other countries or longer timeframes. Future research is encouraged to include additional variables and expand the geographical and temporal scope of the analysis.
Strategic Approaches to University Product Marketing in the Global Market Silvia, Vivi; Zikra, Naswatun; Thahira, Zia; C. Dawood, Taufiq; Nazamuddin, Nazamuddin; Zulham, T.; Apridar, Apridar; Aliasuddin; Srinita, Srinita; Seftarita, Chenny
International Journal Of Community Service Vol. 4 No. 4 (2024): November 2024 (Indonesia - Thailand - Malaysia)
Publisher : CV. Inara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51601/ijcs.v4i4.788

Abstract

This community service program, conducted by Universitas Syiah Kuala (USK) in collaboration with Thaksin University (TSU), aimed to promote effective marketing strategies for university best local products to expand their presence in global markets. The program focused on the utilization of Aceh's patchouli oil, a product with substantial international demand, as an example of how local resources can be developed into competitive products for the global market. The methods used included dissemination sessions, interactive discussions, and demonstrations of products produced by the cooperative to both local farmers and academic partners in Thailand. The results indicated increased participant awareness of the potential of local products, with the Inovac ARC Cooperative playing a key role in the development and marketing of these products. The success of the program was attributed to the integration of product innovation, strategic marketing, and collaboration with international partners. Future programs should focus on strengthening international partnerships and exploring digital marketing strategies to enhance market access for local products. Decision-makers are encouraged to support cooperative initiatives that combine local expertise with global market standards.
The Influence of Information and Communication Technology and Demographic Variables on the Indonesian Economy: Before and During COVID-19 Ferayanti, Ferayanti; Varlitya, Cut Risya; Sitepu, Novi Indriyani; Seftarita, Chenny
Grimsa Journal of Business and Economics Studies Vol. 2 No. 1 (2025): January 2025
Publisher : Graha Primera Saintifika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61975/gjbes.v2i1.60

Abstract

Changes in population and advancements in information and communication technology (ICT) have significantly transformed the global economy. While the individual effects of these factors on economic growth have been extensively studied, little is known about their interaction, particularly in the context of the COVID-19 pandemic. The pandemic introduced new economic dynamics by altering consumer behavior and accelerating the adoption of digital technology. This study investigates the combined impact of ICT advancements and demographic shifts on Indonesia's economic growth before and after the pandemic. Using panel data from 2015 to 2021, a regression model explores the correlations between these factors. The results reveal that e-commerce, internet usage, and demographic factors positively influence economic growth. However, a negative correlation is observed between economic growth and mobile phone usage. Notably, economic expansion driven by ICT was more pronounced in the pre-COVID-19 period than in the post-pandemic era. To fully harness the potential of digital transformation and sustain growth, government interventions are essential. These include supporting MSMEs in developing digital capabilities, accelerating digital infrastructure development, enhancing digital human resources, streamlining regulations, and leveraging big data to guide policy decisions.
The Analysis of QRIS Usage and Its Impact on the Velocity of Money in Indonesia Fadhil, Muhammad; Dawood, Taufiq C.; Seftarita, Chenny
Grimsa Journal of Business and Economics Studies Vol. 2 No. 2 (2025): July 2025
Publisher : Graha Primera Saintifika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61975/gjbes.v2i2.53

Abstract

QRIS, or Quick Response Code Indonesian Standard, represents one of the key evolutions in the payment system in Indonesia, utilizing QR Code technology to enhance payment system efficiency. QRIS has gained popularity in supporting payment systems in Indonesia and ensuring the velocity of money within the country. The velocity of money plays an important role in enhancing the effectiveness of monetary policy through its influence on the predictability of major monetary aggregates and money demand. This study aims to analyze the impact of QRIS usage on the velocity of money in Indonesia. The study employs a quantitative approach, using quarterly time series data (2019 Q1 - 2023 Q4) and incorporating several additional variables that can influence the velocity of money. The findings indicate that QRIS affects the velocity of money in the long term, as demonstrated through the Error Correction Model, a method capable of analyzing both short-term and long-term economic phenomena and evaluating the consistency of empirical models with economic theory. Based on these empirical results, it is recommended that the government of Indonesia enhance QRIS infrastructure to foster greater confidence and trust among citizens, thereby accelerating transactions.
Dynamic Analysis on the Determinants of Prevalence of Undernourishment in Indonesia: A System GMM Approach Geubrina, Yulia; Suriani, Suriani; Seftarita, Chenny
Signifikan: Jurnal Ilmu Ekonomi Vol 14, No 1 (2025)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/sjie.v14i1.42524

Abstract

Research Originality: This original study examines the determinants of undernourishment in Indonesia with mediating variables.Research Objectives: This study examines the impact of food production, inflation, unemployment, and social food assistance on undernourishment with people's purchasing power as a mediating variable.Research Methods: Dynamic panel analysis with the Generalized Method of Moment (GMM) and Sobel test examines direct and mediation relationships for the data period 2018-2023.Empirical Results: The results show the direct and indirect effects of inflation, unemployment, and social food assistance on the prevalence of undernourishment in Indonesia through the mediation of people’s purchasing power. Meanwhile, food production has no effect either directly or indirectly.Implications: This study implies that the government must maintain stable inflation, create jobs, effectively target food assistance, and reduce reliance on social food assistance.JEL Classification: C31, G21, I32, O18How to Cite:Geubrina, Y., Suriani., & Seftarita, C. (2025). Dynamic Analysis on the Determinants of Prevalence of Undernourishment in Indonesia: A System GMM Approach. Signifikan: Jurnal Ilmu Ekonomi, 14(1), 111-130. https://doi.org/10.15408/sjie.v14i1.42524.
Government Bonds and Central Bank Assets in Global Crisis Mitigation Efforts in Indonesia Seftarita, Chenny; Suriani; Ferayanti; Fitriyani; Diana, Asri
Jurnal Ekonomi Pembangunan Vol. 23 No. 1 (2025): Jurnal Ekonomi Pembangunan
Publisher : Department of Development Economics, Universitas Sriwijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29259/jep.v23i1.23286

Abstract

This study investigates the integrated effectiveness of government bonds and central bank assets within Indonesia's policy mix for mitigating global crises, an area often examined in isolation. Our primary objective is to quantify the short and long-run impacts of these instruments on Indonesia's economic growth during periods of global economic turbulence. Utilizing quarterly data spanning 2009 to 2021, we employ an Autoregressive Distributed Lag (ARDL) model. Empirical results reveal that both government bonds and central bank assets positively influence economic growth in both the short and long run. In the short run, these instruments are effective in stimulating economic activity and cushioning the immediate impacts of a global crisis. However, the long-run analysis indicates that while their supportive role persists, over-reliance, particularly through sustained fiscal deficits, can lead to a weakening of macroeconomic performance. Practical implications—prudent and balanced management of fiscal and monetary policies is essential to ensure long-term economic stability. Improving the quality of public spending is essential in strengthening debt governance, and encouraging close collaboration between fiscal and monetary authorities to optimize crisis mitigation strategies and promote sustainable growth.
Economic Growth as a Moderator in the Nexus between Public Finance, Human Development, and Income Inequality in Aceh Royanti, Mella; Nasir, Muhammad; Seftarita, Chenny
Grimsa Journal of Business and Economics Studies Vol. 2 No. 2 (2025): July 2025
Publisher : Graha Primera Saintifika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61975/gjbes.v2i2.90

Abstract

Income inequality continues to pose a significant economic challenge in Indonesia, particularly at the regional level. Although economic growth is regarded as a pathway to improved public welfare, it can either alleviate or exacerbate existing income disparities. This study investigates the moderating role of economic growth in the relationship between public finance, human development, and income inequality, using panel data from 23 districts and cities in Aceh Province over the period 2017-2023. Employing panel data regression with the Moderated Regression Analysis (MRA) technique, the analysis focuses on three key independent variables: local tax revenue, village funds, and the Human Development Index (HDI). The results show that local tax revenue is positively associated with income inequality, while village funds have no statistically significant effect. The HDI, on the other hand, is significantly and negatively associated with inequality. However, economic growth does not moderate the effects of local tax revenue or village funds on income inequality. Notably, it does moderate the relationship between HDI and inequality, with the effect of HDI turning positive when interacted with economic growth. These findings highlight the need for local governments to prioritize inclusive development through strengthened fiscal management, more targeted village fund allocations, and sustained investment in human capital.
Co-Authors Abd Jamal Abd Jamal Abd. Jamal Achmad Noerkhaerin Putra Ade Habya Fijay Ade Irma Suryani Aliasuddin Andri Andri Annisa Lati Polia Apridar Apridar Apridar Azra, Uliya Azuddin Yakob, Noor Bambang Bambang Binanga, Angga Bunsit, Thanawit BZ, Fazli Syam C. Dawood, Taufiq Cut Dara Fitriani Cut Idi Keumala Dewi Cut Miranda Pusra Dara Mutia Fikhriani Derry Fahrian Desi Novita Sari Dewi Ayu Muliani Diana, Asri Eli Marnia Henira Evi Mutia Fadliansah, Oka Fakhruddin Fakhruddin Farid Farid, Farid Ferayanti Ferayanti Ferayanti Ferayanti Ferayanti Ferayanti, Ferayanti Fijay, Ade Habya Fitrah Afandi Fitriyani Fitriyani Fitriyani Geubrina, Yulia Hadi Arisyah Putra Haifa Sari Halimatussakdiah Halimatussakdiah Indra Maipita Iskandarsyah Madjid, Iskandarsyah Jhon Andra Asmara Juaris Juaris Jul Fahmi Salim Litbang Bappeda M. Shabri Abd Majid Madiyoh, Abdulhakim Masro Fitri Ana Harahap Mikhral Rinaldi Mirza Winanda Mona Zahara Muhammad Fadhil Muhammad Nasir Muhammad Zul Mausir Muliza Muliza, Muliza Munawir Munawir Mustakim Mustakim Muti'ah Muti'ah Nazamuddin Nazamuddin Nita Faiziah Nizam, Ahmad Nurmaya Sari Nurul Putri Qadhri Putra, Hadi Arisyah Putri Kemala Sari Rahmad Rahmad Rahmat Fajri Raja Masbar Ratna Mulyany, Ratna Reovasimulo Anakusara Ringga, Edi Saputra Royanti, Mella Rudi Hermanto Said Musnadi Silvia, Vivi Siska Azkia Sitepu, Novi Indriyani Sofyan Syahnur Sofyan Syahnur Srinita Srinita Srinita, Srinita Suriani Suriani Suriani Suriani Suwaibah Suwaibah Syarifah Annisa T. Zulham Talbani Farlian Taufiq Carnegie Dawood Thahira, Zia Varlitya, Cut Risya Vivi Silvia Wintara, Heri Yahya Yahya Yassir Achmad Zikra, Naswatun