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All Journal Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Journal of Islamic Monetary Economics and Finance Economic Development Analysis Journal
Purwono Rudi
Airlangga University
Economics, Econometrics & Finance

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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.
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.
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.
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.
Co-Authors Abdulrahman Taresh A. Abdulrahman Taresh A. B. Basuki Budianto Oky Prasetya Dyah Wulan Sari Mohammad Zeqi Yasin Yusef Ali Yusef Yakubi