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PENGARUH KEBIJAKAN MONETER TERHADAP PERTUMBUHAN EKONOMI Budiyanto, Very; Wibowo, Wisnu

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Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (74.802 KB) | DOI: 10.31955/mea.v5i1.876

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This study investigates the effect of monetary policy on economic growth in Indonesia. Gross Domestic Product (GDP) is used as the dependent variable on the explanatory variables of monetary policy: inflation, money supply (M2), exchange rates and interest rates”.Time series data are from 1986 to 2019. This study adopts the Ordinary Least Squared (OLS) technique.”The results showed that inflation has a significant and negative effect on economic growth in Indonesia, the money supply (M2) and the exchange rate are significant variables affecting economic growth in Indonesia”. Meanwhile, interest rates do not have a significant and negative effect on economic growth in Indonesia
PENGARUH MOTIVASI TERHADAP KINERJA PADA TENAGA KERJA DI STIKES X DI YOGYAKARTA Ahmad, Aulia Ikhsan Gafar; Wibowo, Wisnu
Jurnal Kesehatan Samodra Ilmu (JKSI) Vol 11 No 2 (2020): JURNAL KESEHATAN SAMODRA ILMU (JKSI)
Publisher : LPPM Sekolah Tinggi Ilmu Kesehatan Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (267.415 KB) | DOI: 10.55426/jksi.v11i2.114

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ABSTARTCT Staff performance is so important for a new organization because it will help the orgaization to growing bigger and better organization. However, high staff performance is not an easy task because it would need a high motivation staff to show their best effort to finished their work. Therefore, the aim of this study is to examine the influence of motivation to staff performance of STIKes X. The method used in this research is quantitative method by using simple linear regression. Data was obtained from 33 respondents of STIKes X by using questionnare. The sampling technique used in this research is saturated samples. The result of this research shows that motivation has significant influence to staff performance (3,862 > 2,039 and 0,001 < 0,05) with coefficient of determination is 32,5%.
The Effect of Interest Rates and Inflation on Economic Growth in ASEAN-5 Countries Purnomo, Dewi Karina; Wibowo, Wisnu
Journal of Developing Economies Vol. 9 No. 2 (2024)
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jde.v9i2.52413

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This study aims to empirically test the effect of interest rates and inflation on economic growth, with gross capital formation as a control variable. This research uses panel data from 5 ASEAN countries, namely Indonesia, Malaysia, the Philippines, Singapore, and Thailand in 2004 – 2021 and was tested using the Random Effect Model (REM) analysis technique. The results of this study explain that interest rates and inflation have a simultaneous effect on economic growth. Another finding from this study is that interest rates have a significantly negative effect on economic growth and inflation has a significant positive effect on economic growth. However, this study is subject to several limitations. First, it solely focuses on ASEAN-5 countries, thus limiting the generalizability of the findings to other developed and developing nations. Second, the study’s reliance on annual data from 2004 to 2021 excludes more recent data, potentially overlooking current economic trends. Third, the static panel method utilized with the REM analysis only provides a broad overview of the relationships between interest rates, inflation, and economic growth, lacking deeper insights into long-term and short-term dynamics. Fourth, while the study covers the period including the COVID-19 pandemic, it fails to thoroughly explore its impact and provide detailed explanations. Thus, future research should consider expanding the scope beyond ASEAN-5, incorporating more recent data, employing dynamic panel methods, and thoroughly investigating the implications of significant events such as the COVID-19 pandemic on the examined relationships.
Influence of Green Loans, Corporate Social Responsibility, and Non-Performing Loans on Bank Profitability in Indonesia Aqib Burhannudin Rizqullah; Wisnu Wibowo
International Journal of Economics Development Research (IJEDR) Vol. 5 No. 3 (2024): International Journal of Economics Development Research (IJEDR)
Publisher : Yayasan Riset dan Pengembangan Intelektual

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37385/ijedr.v5i3.5010

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Increasing environmental degradation and climate change caused by inefficient economic activities pose a significant risk to global conditions. This phenomenon has led various countries towards sustainable economies focusing on financial benefits and environmental, social, and governance (ESG). This study analyzes the influence of green loans, corporate social responsibility, and non-performing loans on bank profitability in Indonesia (a case study of first movers in sustainable banking). The study uses panel data from 6 banks in Indonesia covering the period 2017-2022 and estimates using the First Difference Generalized Method of Moments (FDGMM). The results show that green loans positively and significantly impact bank profitability in Indonesia. Corporate Social Responsibility shows no significant impact on bank profitability in Indonesia. Non-performing loans have a negative and significant impact on bank profitability in Indonesia.
The Effect of Monetary Policy on Unemployment Rate in Indonesia Mahadika, Hafiansyah; Wibowo, Wisnu
Jurnal Ilmu Ekonomi Terapan Vol. 6 No. 1 (2021)
Publisher : Department of Economics, Faculty of Economics and Business, Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jiet.v6i1.27100

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This study aims to determine the influence of monetary policy on the unemployment rate in Indonesia. Unemployment is one of the fundamental problems in the economy. The unemployment problem can be overcome by monetary policy. This study used time series data with the period 1975-2016 using real money demand, economic growth, real interest rates, and real exchange rates as independent variables, and the unemployment rate as the dependent variable. The data used in this study is secondary data obtained from the World Bank. The method used is ARDL (Autoregressive Distributed Lag) which can change a static economic theory to be dynamic by taking into account the role of time explicitly. The results show that in the long run the probability value of the economic growth variable is below the 5% significance level which indicates that economic growth had a negative and significant effect on the unemployment rate. In the short run, the real interest rate, the real interest rate at lag 1, economic growth at lag 1 and lag 3, and the real exchange rate at lag 1 had a negative and significant effect on the unemployment rate. This indicates that the impact of monetary policy on the unemployment rate is temporary.Keywords: Unemployment Rate, Monetary Policy, ARDL.JEL : E24, E52, E61.
The Effect of Financial Development on Economic Growth Countries ASEAN-4 Millah, Rizka Lailatul; Wibowo, Wisnu
Jurnal Ilmu Ekonomi Terapan Vol. 6 No. 2 (2021)
Publisher : Department of Economics, Faculty of Economics and Business, Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jiet.v6i2.29407

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This study aims to determine the effect of financial development on economic growth in ASEAN-4 during 1999-2018. This study uses the regression method and panel approaches using the Fixed Effect Model method. This research uses the FEM quantitative method and uses a stata 13 estimation tool. The panel data regression results in this study indicated that financial development has a positive relationship with economic growth. This is evident from the three financial development proxies, which have a positive correlation with economic growth domestic credit to private sector, money broad variables, market capitalization and degree of openness to reflect the real sector. Keywords: Financial Development, Degree of Openness, Economic GrowthJEL : G2, O11, O16
Penerapan Metode dan Strategi Pembelajaran di Lembaga Pendidikan Keagamaan di MA NU 05 Kecamatan Gemuh Kabupaten Kendal Kurniyah; Wibowo, Wisnu; Khakim, M.Dani; Hayati, Arina Hakikiyatal; Mahbubah, Anis Salsa; Mila; Budi, Yusuf Setia
Jurnal Pengabdian Kepada Masyarakat Vol 4 No 2 (2025): JURNAL PENGABDIAN KEPADA MASYARAKAT: DIMASTIKA
Publisher : LPPM Sekolah Tinggi Islam Kendal

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62509/jpkm.v4i2.262

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Pendidikan agama memiliki peran penting dalam membentuk karakter anak sejak usia dini sampai jenjang pendidikan MA/SMA Sederajat. Selain pendidikan nonformal, pendidikan formal seperti Madrasah Aliyah (MA) berkontribusi dalam membangun pemahaman keagamaan anak. Namun, pembelajaran di Madrasah Aliyah sering kali menghadapi tantangan dalam metode dan strategi pengajaran yang kurang variatif, sehingga murid-murid mudah bosan. Oleh karena itu, diperlukan peningkatan kualitas pengajaran melalui metode yang inovatif dan strategi yang tepat. Penelitian ini dilakukan dalam bentuk Praktik Pengalaman Lapangan (PPL) DI MA NU 05 GEMUH , Kecamatan Gemuh, Kabupaten Kendal. Metode yang digunakan adalah ceramah dan tanya jawab, dengan evaluasi pemahaman peserta sebelum dan sesudah pelatihan. Hasilnya menunjukkan peningkatan signifikan dalam pemahaman strategi dan metode pembelajaran dari 40% sebelum pelatihan menjadi 80% setelahnya. Selain itu, partisipasi aktif peserta dalam diskusi mencapai 70%. Seminar ini berhasil meningkatkan pemahaman murid dalam pembelajaran yang lebih menarik dan efektif, sehingga dapat meningkatkan kualitas pendidikan keagamaan di Madrasah.
Financial Inclusion and Income Inequality in Asia: A Quantile Panel Analysis Rosalina, Linda; Wibowo, Wisnu
Journal of Developing Economies Vol. 10 No. 2 (2025)
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jde.v10i2.73105

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Objective: This empirical study investigates the heterogeneous impact of financial inclusion on income inequality across the economically and institutionally diverse Asian region. Specifically, it examines how the effect of financial inclusion varies across different segments (quantiles) of the inequality distribution, a dimension largely unexplored by prior research. Methods: Utilizing an annual panel dataset spanning 29 Asian countries from 2010 to 2022, the study employs the Panel Quantile Fixed Effect model. This robust econometric approach is selected to effectively control for unobserved country-specific heterogeneity and to address the non-normal, outlier-prone nature typical of income inequality data. Analysis is focused on the lower (Q10), median (Q50), and upper (Q90) quantiles. Findings: Estimation results consistently demonstrate that financial inclusion significantly reduces income inequality across all tested quantiles (Q10 ,Q50, Q90), with statistical significance maintained across the board (e.g., Q10: p=0.031, : Q90:p=0.059). The most substantial mitigating impact is identified at the median quantile (Q50), exhibiting a large negative coefficient of -4.9404 (p=0.000). This key finding suggests that FI is most effective in countries characterized by moderate levels of inequality. Among the control variables, trade openness significantly exacerbates inequality at the Q50 level, while other macroeconomic factors are generally insignificant. Originality: The primary novelty lies in the application of the Panel Quantile Fixed Effect method to a broad 29-country Asian sample to precisely capture FI’s differentiated impact. By providing nuanced, quantile-specific estimations, this research significantly advances beyond conventional mean-based studies (such as OLS and GMM), confirming that financial inclusion’s role in inequality reduction is heterogeneous and conditional on a country’s initial inequality level. Policy implication: These findings underscore the critical need for adaptive, non-uniform financial inclusion policies. Policymakers in Asia must tailor their financial inclusion strategies—including the types of services offered—based on the specific level of inequality they currently confront. This targeted approach is essential to maximizing the effectiveness of financial inclusion in promoting sustainable income equality.
ANALISIS DETERMINAN TINGKAT PENGANGGURAN TERBUKA DI JAWA TIMUR TAHUN 2021 Putri, Aprillinda Karimah; Wibowo, Wisnu; Haryanto, Albertus Eka Putra; Fauzi, Indra Nur
CENDEKIA: Jurnal Ilmu Pengetahuan Vol. 6 No. 2 (2026)
Publisher : Pusat Pengembangan Pendidikan dan Penelitian Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51878/cendekia.v6i2.9339

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The 2021 Open Unemployment Rate (TPT) in East Java, which exceeded the regional development plan target, indicates obstacles to post-pandemic labor absorption. This study focuses on analyzing the determinants of the TPT by examining the influence of the Regency/City Minimum Wage (UMK), Average Years of Schooling (RLS), Labor Force Participation Rate (TPAK), and population. Using a quantitative multiple linear regression approach on cross-section data from 38 regencies/cities, this study found that the independent variables simultaneously explained 71% of the variation in the TPT. Partial test results indicate that the UMK (coefficient 0.778) and RLS (coefficient 0.672) have a positive and significant effect, while the TPAK has a significant negative effect (coefficient -0.160), while population size has no significant effect. The main conclusion confirms that wage and education increases that are not aligned with industrial needs actually trigger unemployment, so careful wage policies and educational curriculum alignment are needed to minimize mismatches in the labor market. ABSTRAK Realisasi Tingkat Pengangguran Terbuka (TPT) Jawa Timur tahun 2021 yang melampaui target rencana pembangunan daerah mengindikasikan adanya hambatan penyerapan tenaga kerja pascapandemi. Penelitian ini berfokus pada analisis determinan TPT dengan menguji pengaruh Upah Minimum Kabupaten/Kota (UMK), Rata-Rata Lama Sekolah (RLS), Tingkat Partisipasi Angkatan Kerja (TPAK), dan jumlah penduduk. Menggunakan pendekatan kuantitatif regresi linier berganda pada data cross-section dari 38 kabupaten/kota, penelitian ini menemukan bahwa variabel independen secara simultan mampu menjelaskan 71% variasi TPT. Hasil uji parsial menunjukkan UMK (koefisien 0,778) dan RLS (koefisien 0,672) berpengaruh positif dan signifikan, sedangkan TPAK berpengaruh negatif signifikan (koefisien -0,160), sementara jumlah penduduk tidak berpengaruh signifikan. Simpulan utama menegaskan bahwa kenaikan upah dan pendidikan yang tidak selaras dengan kebutuhan industri justru memicu pengangguran, sehingga diperlukan kebijakan pengupahan yang cermat serta penyelarasan kurikulum pendidikan untuk meminimalkan ketidaksesuaian di pasar tenaga kerja.
Does Capital Structure Adjustment Improve Bank Profitability? Evidence from Dynamic Panel Models of Indonesian State-Owned Banks Ramadhan, Ahmad Fajar; Bayu, Felix Fisabilillah; Wibowo, Wisnu
Journal of Regional Economics Indonesia Vol. 7 No. 1 (2026): February 2026
Publisher : University Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26905/jrei.v7i1.16917

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This study examines the effect of capital restructuring on the profitability of Indonesian state-owned banks. Profitability is measured using Return on Assets (ROA), while capital restructuring is represented by the Debt-to-Equity Ratio (DER) and Capital Adequacy Ratio (CAR). Non-performing loans (NPL) and operating expenses to operating income (BOPO) are included as control variables. The study uses panel data from four Indonesian state-owned banks—Bank Rakyat Indonesia, Bank Negara Indonesia, Bank Tabungan Negara, and Bank Mandiri—over the period 2019–2023. The analysis employs both static and dynamic panel regression methods, including Pooled Least Squares (PLS), Fixed Effects Model (FEM), Random Effects Model (REM), Difference GMM, and System GMM. The results indicate that operational efficiency, represented by BOPO, consistently has a negative and significant effect on bank profitability. The System GMM estimation suggests that capital restructuring variables significantly influence profitability. These findings highlight the importance of efficient cost management and sound capital structure policies in improving the financial performance of state-owned banks.