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All Journal Signifikan : Jurnal Ilmu Ekonomi JEJAK Gadjah Mada International Journal of Business ASEAN Journal on Hospitality and Tourism Jurnal Ekonomi & Studi Pembangunan Economics and Finance in Indonesia Jurnal Ekonomi Indonesia The South East Asian Journal of Management Jurnal Kebijakan Ekonomi Economic and Finance in Indonesia Jurnal Sosiologi USK (Media Pemikiran & Aplikasi)
Revindo, Mohamad Dian
European Studies Program, Graduate School Of Strategic And Global Studies (Sekolah Kajian Stratejik Dan Global), Universitas Indonesia
Arts Humanities Economics, Econometrics & Finance Education Energy Engineering Environmental Science Public Health Social Sciences Other

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COVID-19 Pandemic and MSMEs in Indonesia: Impact and Policy Responses Gunadi, Ahmad Dading; Lesmana, Harry; Fachrizah, Hilda; Revindo, Mohamad Dian; Daniswara, Rama Vandika
Jurnal Ikatan Sarjana Ekonomi Indonesia Vol 10 No 2 (2021): August
Publisher : Jurnal Ekonomi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52813/jei.v10i2.151

Abstract

Since the first confirmed case of COVID-19 infection in Indonesia in March 2020, the pandemic has hit the economy hard, especially the Micro, Small and Medium-sized Enterprises (MSMEs). This study aims to analyze the extent of the impact of the pandemic on MSMEs and the effectiveness of the government policy measures. Primary data was collected through a questionnaire administered to 2,535 MSMEs in 17 provinces during July–September 2020. The results show that MSMEs already suffered revenue slump within the second month of the pandemic and encountered both financial and non-financial hardships. The government supports and assistance was perceived as very helpful to mitigate the impact of the pandemic by the recipients. However, the programs’ distribution was hampered by either mis-targeting or lack of socialization regarding applicationrequirements, procedures and registration location. The policy, academic and managerial implications of the findings are provided.
Dealing with the COVID-19 Pandemic in Indonesia: MSMEs’ Coping Strategy, Recovery Path, and Business Transformation Gunadi, Ahmad Dading; Lesmana, Harry; Fachrizah, Hilda; Revindo, Mohamad Dian; Daniswara, Rama Vandika
Jurnal Ikatan Sarjana Ekonomi Indonesia Vol 11 No 1 (2022): April
Publisher : Jurnal Ekonomi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52813/jei.v11i1.195

Abstract

Since the first confirmed COVID-19 infection in Indonesia in March 2020, the pandemic has hit the economy hard, especially the Micro, Small, and Medium-sized Enterprises (MSMEs). This study aims to analyze MSMEs’ internal coping strategy to mitigate the impact of the pandemic, recovery strategy, and business transformation, as well as the needed government support to enable MSMEs to weather the crisis. Primary data was collected through a questionnaire administered to 2,535 MSMEs in 17 provinces. The results show that MSMEs’ coping strategy differs across firm size, sector, region, and owners’ gender. MSMEs also differ in their recovery path and medium-term business transformation in production, capital, marketing, and lines of business. Further, MSMEs require both financial and non-financial assistance, in addition to enabling the business environment to recover their businesses sustainably. The policy, academic and managerialimplications of the findings are provided.
Navigating Institutional Pressure and Individual Resistance in Online Game Consumption: Demographic and Playing Characteristics Perspective Mahardika, Andika; Runturambi, Arthur Josias Simon; Revindo, Mohamad Dian
Jurnal Sosiologi USK (Media Pemikiran & Aplikasi) Vol 19, No 1 (2025)
Publisher : Sociology Department Of Syiah Kuala University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24815/jsu.v19i1.44958

Abstract

The integration of computing technology and its widespread adoption by society has transformed online games from solitary and individualistic activities into socially embedded environments. This transformation is driven by institutional pressures that shape consumption behavior, while also eliciting varying levels of individual resistance. These patterns of social interaction are significantly influenced by demographic and individual playing characteristics. This study aims to examine how these characteristics affect consumption behavior in online games. Adopting principal component analysis and regression methods based on previous research, the study found that institutional influence is strongly associated with playing duration and the desire to become a professional player. Meanwhile, individual resistance is influenced by age, playing time, and the same desire. Conducted in Jakarta, the findings reveal that structural pressure is primarily shaped by playing characteristics, while resistance is affected by both demographics (specifically age) and individual playing characteristics.
Do Tourism-Related Sectors Drive Most of the Economy in Toba Regency? A RAS-based Regional Input-Output Analysis Susanti, Hera; Revindo, Mohamad Dian; Iskandar, Sulistiadi Dono; Nusantoro, Nalendro; Sabrina, Syahda
Signifikan: Jurnal Ilmu Ekonomi Vol. 14 No. 2 (2025)
Publisher : Faculty of Economic and Business, Universitas Islam Negeri Syarif Hidayatullah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/sjie.v14i2.46460

Abstract

Research Originality: This study constructs the first regional Input–Output (RIO) table for Toba Regency in 2023, utilizing the iterative RAS technique to adapt provincial coefficients to local macroeconomic data. Research Objectives: To estimate sectoral interlinkages, multiplier effects, and labor intensity for Toba Regency, and to identify strategic sectors that can drive regional economic growth and inform evidence-based policymaking. Research Methods: The 2016 North Sumatra I–O table was regionalized into a 22-sector Toba Regency table through RAS, with row and column sums adjusted to match Toba Regency GRDP by industry and expenditure. The resulting table was analyzed to calculate backward and forward linkages, output multipliers, and labor intensity. Empirical Results: The local economy is primarily driven by paper manufacturing, agriculture, and construction, while the tourism sector contributes only 6.2 percent of output and exhibits weak forward linkages. This finding suggests limited integration of tourism-related activities into the local supply chain. Electricity, business services, and agriculture emerge as growth drivers, while wage disparities persist in low-productivity service sectors. Implications: The approach can guide other subnational governments in producing localized Input–Output (I–O) tables, thereby enhancing evidence-based policymaking. JEL Classification: D57, R15, R58 How to Cite:Susanti, H., Revindo, M.D., Iskandar, S.D., Nusantoro, N., & Sabrina, S. (2025). Do Tourism-Related Sectors Drive Most of the Economy in Toba Regency? A RAS-based Regional Input-Output Analysis. Signifikan: Jurnal Ilmu Ekonomi, 14(2), 521-536. https://doi.org/10.15408/sjie.v14i2.46490.
Kemungkinan Kunjungan Ulang Pasca Event Olahraga: Temuan Survei Peserta dan Pengunjung Internasional pada Asian Games 2018 Revindo, Mohamad Dian; Widyasanti, Amalia Adininggar; Hambali, Sean; Siregar, Chairina Hanum
ASEAN Journal on Hospitality and Tourism Vol. 22 No. 2 (2024):
Publisher : Centre For Tourism Planning and Development

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.5614/ajht.2024.22.2.04

Abstract

The 2018 Jakarta-Palembang Asian Games is the most significant event in Asian Games history regarding contested sports, participating nations, and athletes. This study identifies the long-term benefits of the event to the host country, focusing on the international attendees’ propensity to revisit Indonesia after the event. We administered a survey throughout the two weeks of the event, yielding usable responses from 1,914 international attendees, including athletes, officials, journalists, committees, and spectators. We use the survey results to describe attendees’ evaluation of the event and Indonesia as the host country. Further, this study also estimates a multinomial logistic regression to identify the association between tourist characteristics and their intention to revisit Indonesia beyond the event. The results show that providing information and communication technology, transportation arrangement, culture, and hosting cities positively correlate with the propensity to return. In contrast, the previous visit to Indonesia has the opposite effect. International respondents mainly express their desire to revisit Indonesia on a long-stay plan. Lastly, we also discuss the academic and practical implications of our findings.
How natural resources shape the industrial development: Evidence from N-10 countries Chairul, Reza Pahlevi; Falianty, Telisa Aulia; Triaswati, Ninasapti; Revindo, Mohamad Dian
Jurnal Ekonomi & Studi Pembangunan Vol. 26 No. 1: April 2025
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v26i1.25605

Abstract

This study analyzes the effect of natural resources on the manufacturing industry. It aims to fill the gap in the research on the impact of natural resources on industrial productivity since there is very limited literature on such a topic, particularly in the Next Eleven countries (N-11), excluding South Korea (referred to as the N-10 countries). South Korea is not included as a sample because it does not have many natural resources. The N-10 countries (Vietnam, Turkey, Philippines, Pakistan, Nigeria, Mexico, Iran, Indonesia, Egypt, and Bangladesh) have a large population, rapid economic growth, and political and economic stability. The Generalized Method of Moments (GMM) is implemented using data panels of the N-10 countries with natural resources from 2015 to 2021. This study confirms that the resource curse exists, as evidenced by the detrimental effects of abundant natural resources on industrial productivity. Empirical findings have also documented a significantly adverse impact of corruption practices in the manufacturing sector. Meanwhile, capital and trade openness should be further improved to encourage value-added industries. Based on the results of this study, the N-10 countries are recommended to diversify their economies, reduce reliance on natural resources, and strengthen the control of corruption.
Trade Openness and Spatial Inequality in Developing Countries: Case Study of ASEAN-4 Violeta, Rosalia Marcha; Sahetapy, Vedy Ardine; Maharsi, Garda; Revindo, Mohamad Dian
Jurnal Kebijakan Ekonomi
Publisher : UI Scholars Hub

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Abstract

Trade openness is widely associated with stronger medium- to-long-term economic growth, yet its distributional consequences within countries, particularly in developing economies, remain contested. This paper examines the relationship between trade openness and spatial inequality in four major ASEAN economies, Indonesia, Malaysia, Thailand, and the Philippines, over the period 2012–2019. Spatial inequality is measured using Theil’s Index based on provincial-level GDP per capita, while trade openness is proxied by the trade-to-GDP ratio. Employing pooled OLS and fixed-effects estimations, the analysis controls for key structural factors such as economic development, population size, urbanization, government expenditure, and the number of spatial units. The results indicate that, contrary to much of the prevailing literature, higher trade openness is associated with lower spatial inequality in most model specifications. This finding suggests that, in the ASEAN-4 context, trade integration may generate more geographically inclusive outcomes, potentially reflecting export structures, resource-based production, and labor market dynamics distinct from those in advanced economies. While the results should be interpreted cautiously given data limitations, the study contributes new empirical evidence to debates on trade and inequality in developing regions and highlights the importance of subnational perspectives in assessing the distributive effects of globalization.
The Impact of the U.S.-China Tariff War on Trade and Investment in Developing Countries in Disrupted Global Value Chains Riefky, Teuku; Sabrina, Syahda; Revindo, Mohamad Dian
Economics and Finance in Indonesia Vol. 71, No. 1
Publisher : UI Scholars Hub

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Abstract

As the world is more open and more integrated than ever, the trade war between the two largest economies, the United States (U.S.) and China, has significant and unexpected implications for multinational companies within global value chains. Since both markets are closed to each other due to the imposition of higher import tariffs, businesses have to shift their trade activities to alternative countries. Employing historical data, existing country-level data from the Global Trade Analysis Project on Value-Added (GTAP-VA), and tariffs imposed during the U.S.-China trade war, this study comprehensively examines the impacts of the trade war on global value chains, with a particular emphasis on developing countries. This study discovers that the increase in US import tariffs has a positive and statistically significant effect on the total exports of developing countries. Higher gross exports will generate higher domestic value-added (DVA) exports from developing countries, particularly those in ASEAN, as several countries compensate for reduced exports from China to the U.S. Furthermore, certain sectors or commodities are projected to benefit from the trade war, while others may experience adverse effects. The primary contributors to the increase in DVA exports are agricultural, textile, and leather products. On the other hand, high-technology manufacturing exports are likely to suffer due to the low comparative advantage of developing countries in these types of products.
Co-Authors Aditya Alta Alta, Aditya Alvin Ulido Lumbanraja Amalia Adininggar Widyasanti Ardine, Vedy Calista Endrina Dewi Chairina Hanum Siregar Chairina Hanum Siregar Chairul, Reza Pahlevi Christopher Gan Christopher Gan Christopher Gan Daniswara, Rama Vandika Dewi, Calista Endrina Diaraningtyas, Cassya Fachrizah, Hilda Febrio Kacaribu Gan, Christopher Gunadi, Ahmad Dading Hambali, Sean Hera Susanti, Hera Iskandar, Sulistiadi Dono Lesmana, Harry Mahardika, Andika Maharsi, Garda Nalindro Nusantoro Natanael Waraney Gerald Massie Natanael Waraney Gerald Massie Nurjanah, Fitri Nusantoro, Nalendro Rezki, Jahen F. Riefky, Teuku Runturambi, Arthur Josias Simon Sabrina, Syahda Sahetapy, Vedy Ardine Siregar, Chairina Hanum Sri Mulyani Indrawati Sri Mulyani Indrawati Syahda Sabrina Telisa Aulia Falianty Triaswati, Ninasapti Violeta, Rosalia Marcha Widyasanti, Amalia Adininggar Wikarya, Uka Yeremia Natanael Yudhatama, Putra Zehan Pricilia