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Joint Determinants of Monetary, Macroeconomic, Social and Income Inequality Taresh A., Abdulrahman; Sari, Dyah Wulan; Purwono, Rudi
Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 21, No 2 (2020): JEP 2020
Publisher : Muhammadiyah University Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jep.v21i2.11254

Abstract

This study discusses all the potential relationships between monetary, macroeconomic, social and income inequality in an integrated manner by making Indonesia a concrete case study. This empirical study discussed the relationship based on theoretical modelling and carried out through appropriate  estimators  applied  to  the  data  of  33  provinces  in  Indonesia.  To  achieve  this  objective, the simultaneous model of seemingly unrelated regressions (SUR) was used. The results concluded that there are variables that jointly determined the monetary, macroeconomic and social also income inequality. Like, consumption can increase inflation and macroeconomic while at the same time can reduce population growth and human development, and increases income inequality. Savings which determine credit also pushes macroeconomics while simultaneously increasing population growth, and it can reduce income inequality.  Minimum wages can reduce inflation and encourage production growth, while increases human development and reduces population growth also can reduce income inequality. Unemployment can also reduce inflation and increase economic growth, at the same time reduces population growth and human development while increases income inequality. Education and health encourages economic growth and the level of human development then can reduce income inequality.
THE USE OF SOCIAL MEDIA IN BANKS TO ENGENDER THE EMPOWERMENT OF WOMEN AND THEIR FINANCIAL INCLUSION IN ARAB COUNTRIES Yusef Ali Yusef Yakubi; B. Basuki; Rudi Purwono
Journal of Islamic Monetary Economics and Finance Vol 6 No 2 (2020)
Publisher : Bank Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21098/jimf.v6i2.1107

Abstract

This study aims to classify and interpret the interacted communications between banks and users on social media and understand the role of these digital platforms to enhance woman empowerments and financial inclusion in banks in Arab countries. 100 users of banks’ social media were selected from 5 leading banks in 5 Arab countries and their interactive utterances were classified, analyzed and interpreted. Content analysis tools were applied. The study reveals these key results: First, the use of social media in banks entails two-fold empowerment dimensions that are mutually beneficial for Users and Banks. Second, both flows of utterances either from “User to Banks” or “Banks to Users” demonstrate that the highest ratios of the shared content are more closely associated with financial inclusion dimensions than user’s empowerment aspects. Third, women are found more engaged in social and emotional involvements than men who show a relatively higher interest in banks’ financial services and products. It is also found that Banks use social media to raise social and economic themes that support women in the region. However, the second and third results imply a gender gap in financial inclusion since females still lag behind. This study is different by highlighting the power of banks’ social networks to trigger important gender and economic development themes in a highly conservative society and contribute to literature by analyzing and interpreting the shared content from three extensive outlooks which yield ample details and draw implications for banks’ management and social media policy makers and regulators.
Analisis Exchange Market Pressure di Indonesia Periode Setelah Krisis Moneter Merina Ayuningtyas; Rudi Purwono
MediaTrend Vol 15, No 2 (2020): OKTOBER
Publisher : Trunojoyo University of Madura

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21107/mediatrend.v15i2.7437

Abstract

Indonesia is one of the countries that handed over its currency to the exchange market, so the rupiah has fluctuated. The purpose of this study is to test and analyze the exchange market pressure in Indonesia period after the monetary crisis. The method used is ARDL with the period of quarter 1 of 2002 up to quarter 4 of 2017. The estimation result shows that USA economic growth, USA PUAB, M2 growth, and domestic credit have a significant effect on EMP in the long term, while EMP lag 1, USA economic growth lag 3, USA PUAB, Indonesian M2 growth, and Indonesian M2 growth lag 2 have a significant effect, and domestic credit to EMP in the short term.
Joint Determinants of Monetary, Macroeconomic, Social and Income Inequality Abdulrahman Taresh A.; Dyah Wulan Sari; Rudi Purwono
Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 21, No 2 (2020): JEP 2020
Publisher : Muhammadiyah University Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jep.v21i2.11254

Abstract

This study discusses all the potential relationships between monetary, macroeconomic, social and income inequality in an integrated manner by making Indonesia a concrete case study. This empirical study discussed the relationship based on theoretical modelling and carried out through appropriate  estimators  applied  to  the  data  of  33  provinces  in  Indonesia.  To  achieve  this  objective, the simultaneous model of seemingly unrelated regressions (SUR) was used. The results concluded that there are variables that jointly determined the monetary, macroeconomic and social also income inequality. Like, consumption can increase inflation and macroeconomic while at the same time can reduce population growth and human development, and increases income inequality. Savings which determine credit also pushes macroeconomics while simultaneously increasing population growth, and it can reduce income inequality.  Minimum wages can reduce inflation and encourage production growth, while increases human development and reduces population growth also can reduce income inequality. Unemployment can also reduce inflation and increase economic growth, at the same time reduces population growth and human development while increases income inequality. Education and health encourages economic growth and the level of human development then can reduce income inequality.
Teacher Competence Based on Digital Quotient as Instructional Leadership Syunu Trihantoyo; Nuri Herachwati; Rudi Purwono
Ilmu Pendidikan: Jurnal Kajian Teori dan Praktik Kependidikan Vol 6, No 2 (2021): December 2021
Publisher : Faculty of Education Universitas Negeri Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17977/um027v6i22021p067

Abstract

Abstract: The purpose of the study was to determine the digital intelligence-based teacher competence in carrying out the role as an instructional leadership. Digital intelligence-based teacher competence is related to the teacher’s ability to prepare the learning process, especially learning with virtual models during the COVID-19 pandemic. This research uses a qualitative approach with case studies. This research case relates to the digital intelligence-based teacher competence at SD Al-Azhar 35 Surabaya. The research was carried out in 2021, the object of research was carrying out virtual learning. Data were taken by interview, observation, and documentation study. Data analysis was carried out through the stages of data condensation, displaying, as well as drawing conclusions and verification. The results of the study showed that the digital intelligence-based teacher competence at SD Al-Azhar 35 Surabaya was initially motivated by the formulation of a vision that became an institution of direction and work instructions for all civitas, namely “developing the Qur’an generation through digital literacy”. The digital intelligence-based teacher competence is illustrated by three learning activities, namely the teaching and learning process, digital learning media management, and continuous self-development through a digital management system. The three activities describe teacher learning leadership in managing classrooms in maximizing teacher competence for optimal student learning outcomes. 
What Makes Small Industries Apply for Loan? Budianto Oky Prasetya; Rudi Purwono
Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 23, No 1 (2022): JEP 2022
Publisher : Muhammadiyah University Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jep.v23i1.17680

Abstract

Banking sectors have allocated funds for micro and small-scale enterprises’ financing needs. However, the absorption of this fund is still considered low, particularly among the micro- and smallscale processing industries. The present study hence applied the multinomial logistic regression to understand the small industries’ loan decisions. The data were obtained from the 2019 Micro and Small Industry Survey and Financial Institution Statistics. It was found that income and profit did not exhibit a significant effect in both models and regions. However, the interest rate was found to have a positive effect in both models and regions, contradicting the Loanable Fund Theory. Collateral exhibited a positive effect in each region only in the first model. Meanwhile, other variables like age, financial record, business course, cooperative membership, business assistance (i.e., cooperative, noncooperative, and subsidized credit), internet access, and partnership exhibited different effects on small industries’ loan decisions in each model and region.
DETERMINANTS OF FINANCIAL DEVELOPMENT: IMPACT OF HUMAN CAPITAL IN EMERGING MARKETS COUNTRIES Syafira Illaina Maghfiroh; Rudi Purwono
TRIKONOMIKA Vol 20 No 2 (2021): December Edition
Publisher : Faculty of Economics and Business, University of Pasundan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (304.051 KB) | DOI: 10.23969/trikonomika.v20i2.4047

Abstract

This study aims to examine determinants of financial development and see role of quality of human capital in financial development in 19 Emerging Market countries during 2008-2017. Financial development in this study is proxied using the financial development index to accommodate multi-dimensional of financial development. Estimation is using the dynamic panel method Generalize Method of Moment (GMM). The results show that the quality of human capital has contributed to increasing financial development in emerging market countries in 2008-2017. Meanwhile, trade openness and government expenditure do not have a statistically significant effect and domestic savings have a significant positive effect on financial development.
Analysis of The Relationship among Macroeconomics, Monetary and Income Inequality Abdulrahman Taresh A.; Dyah Wulan Sari; Rudi Purwono
Economics Development Analysis Journal Vol 9 No 4 (2020): Economics Development Analysis Journal
Publisher : Economics Development Department, Universitas Negeri Semarang, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/edaj.v9i4.38946

Abstract

Income inequality in Indonesia remains a controversial issue in the context of Indonesian macroeconomic condition that is evolving in output and government spending, and its increase in consumption accompanied by inflation and slowing of bank credit. The purpose of this study is to investigate the relationship among macroeconomics, monetary and income inequality through a broad theoretical model by adopting a panel Structural Vector Auto-regression (SVAR) model to get more sample size during the period 2005-2018 at 33 provinces in Indonesia. The main results indicate that the variables of output and inflation have positive relationships. The relationship between output and income inequality is also significantly correlated, and those results supported by Kuznets's theory reveal that the relationship between economic growth and income inequality is positive in the short term. The relationship between inflation and income inequality is positive as well in Indonesia. This result is by the fact that low-income families are considered more vulnerable to inflation. The impact of non-food consumption shocks increases income inequality, while Indonesian government spending and bank credit shocks reduce income inequality. Then the response of savings and bank credit to the shock of income inequality is positive.
PENGARUH PENGELUARAN PEMERINTAH DI SEKTOR PENDIDIKAN TERHADAP PERTUMBUHAN EKONOMI DI INDONESIA Siringoringo, Maris Verawati; Purwono, Rudi

Publisher :

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (74.741 KB) | DOI: 10.31955/mea.v5i1.1010

Abstract

This study investigates the effect of education expenditure on economic growth in Indonesia. Gross Domestic Product (GDP) is used as dependent variable on the explanatory variables of government expenditure on education. Time series data are from 1988 to 2019. This study adopts the Autoregresive Distributed Lag (ARDL) method. The results showed that education expenditure in Indonesia had a positive effect on economic growth positively. A greater allocation of resources on education expenses could make the Indonesia economy more dynamic.
Dimensi Spiritual Terhadap Perilaku Kewargaan Organisasi: Peran Mediasi Kepemimpinan Adaptif dan Kualitas Kehidupan Kerja Pujianto, Wahyu Eko; Purwono, Rudi; Evendi, Evendi; Supriyadi, Supriyadi
Jurnal Ekonomi Modernisasi Vol. 19 No. 2 (2023)
Publisher : Fakultas Ekonomika dan Bisnis, Universitas Kanjuruhan Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21067/jem.v19i2.8342

Abstract

This study aims to determine the relationship of the spiritual attachment dimension to adaptive leadership, QWL, and OCB. In addition, adaptive leadership and QWL are variables mediating the relationship of the spiritual attachment dimension to OCB. This research uses a quantitative approach. The population in this study is the Strawberry generation in Sidoarjo, Surabaya, and Gresik, using purposive sampling techniques in determining the sample. The data in this study were analyzed using Structural Equation Modeling-Partial Least Square (SEM-PLS) with tools using smartPLS software. The results of this study indicate that the spiritual dimension significantly affects adaptive leadership, the spiritual dimension substantially impacts the quality of work life, and the spiritual size affects organizational citizenship behaviour. In addition, the spiritual dimension also significantly influences organizational citizenship behaviour through adaptive leadership. The spiritual dimension significantly affects organizational citizenship behaviour through the quality of work life in the strawberry generation in Sidoarjo, Surabaya, and Gresik. This research will be a reference for other research in the future with a different context and focus.