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Hubungan Pertumbuhan Ekonomi dengan Inflasi di 90 Kabupaten-Kota Indonesia Arifin, Samsul; Siregar, Hermanto; Anggraeni, Lukytawati; Purnamadewi, Yeti Lis
Jurnal Ekonomi dan Pembangunan Indonesia
Publisher : UI Scholars Hub

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This study aims to explain the relationship between economic growth and inflation in 90 Indonesian cities during the period 2018–2022 using the GMM estimator with Windmeijer - Sigmund robust standard errors. The author’s findings reveal that the two-way relationship between the two is that economic growth has a significant positif effect on inflation, while inflation has a negatif but insignificant effect. Through the results of this study, policymakers and stakeholders can consider priority objectives, namely achieving economic growth targets compared to inflation problems during the COVID-19 crisis and economic development during the future economic recovery.
Relationship between bank indonesia rate, guaranteed rate, and banking lending rates Astrika Erlin Nurcahningsih; Suhardiono Suhardiono; Hermanto Siregar; Muhammad Sahirul Alim
JPPI (Jurnal Penelitian Pendidikan Indonesia) Vol. 11 No. 3 (2025): JPPI (Jurnal Penelitian Pendidikan Indonesia)
Publisher : Indonesian Institute for Counseling, Education and Theraphy (IICET)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29210/020256277

Abstract

Maintaining the stability of the Rupiah is a core objective of Bank Indonesia’s monetary policy, in which the BI reference rate serves as a primary instrument. In parallel, the Deposit Insurance Corporation (LPS) sets the deposit guarantee rate, which influences banks’ funding strategies and deposit-taking behavior. The interaction between these two policy rates is crucial, as it directly shapes the interest rates offered by banks to the public, yet empirical studies on their combined impact in Indonesia remain limited. This study specifically investigates how changes in the BI reference rate and the LPS guarantee rate affect commercial banks’ lending and deposit rates. Using monthly secondary data from Bank Indonesia and LPS spanning January 2015 to December 2023, we apply descriptive statistical analysis and Granger causality testing to capture both correlation and directional influence. The results reveal that both the BI reference rate and the LPS guarantee rate have a statistically significant positive effect on banking interest rates, with the BI reference rate exerting a stronger and more immediate influence, while the LPS guarantee rate demonstrates a lagged effect. These findings provide practical insights for policymakers in synchronizing monetary and deposit insurance policies to enhance financial stability, and contribute to the academic literature by clarifying the dual role of policy rates in shaping banking sector pricing behavior.
Media Literacy Strategy for Youth Generation Based on Segmentation in Jakarta using the AHP Model and K-Means Clustering Hermawan, Hardy R; Siregar, Hermanto; Laksamana, Patria
Jurnal Desain Komunikasi Visual Nirmana Vol. 26 No. 1 (2026): JANUARY 2026
Publisher : Institute of Research and Community Outreach - Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.9744/nirmana.26.1.12-21

Abstract

The high digital penetration in  Jakarta has not been matched by adequate media literacy, particularly among the younger generation. This study proposes an integrative model combining the Analytical Hierarchy Process (AHP) and K-Means Clustering to design a data-driven and behaviorally segmented media literacy strategy. Data were collected through in-depth interviews with 15 practitioners and experts, as well as a survey of 202 young respondents aged 15–24 from five regions of  Jakarta. The AHP approach was used to identify priority dimensions of media literacy, encompassing cognitive, technical, ethical, and participatory aspects. K-Means clustering was employed to group individuals based on their digital competency characteristics and to empirically map literacy segmentation patterns. The results reveal three main clusters with significant differences in media usage patterns, ethical awareness, and critical capacities. These findings confirm the importance of adaptive and evidence-based media literacy strategies, rather than merely normative interventions. This integrative model is expected to form the basis for policymaking and the design of media literacy programs in Indonesian urban areas.
Unveiling the Profile of Low-Wage Workers in Indonesia Agusalim, Lestari; Siregar, Hermanto; Anggraeni, Lukytawati; Mulatsih, Sri
Jurnal Ketenagakerjaan Vol 20 No 1 (2025)
Publisher : Pusat Pengembangan Kebijakan Ketenagakerjaan Kementerian Ketenagakerjaan Republik Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47198/jnaker.v20i1.471

Abstract

The low-wage workers play a vital role in supporting in Indonesia's economy but remain highly vulnerable and are often excluded from social protection policies. This study aims to profile low-wage workers and provide insights for policymakers to improve social protection measures. The research utilizes repeated cross-sectional microdata from the National Labor Force Survey (Survei Angkatan Kerja Nasional/Sakernas) between August 2018 and August 2023, a logistic regression model with marginal effects was applied to identify key characteristics of low-wage workers. The findings show that the primary characteristics of low-wage workers are low education levels and working fewer than 20 hours per week. This group is predominantly female, unmarried or divorced, and from younger generations (Gen Z). They are often employed in the informal sector, lacking specific skills, and are mostly working in agriculture. The COVID-19 pandemic worsened their vulnerabilities, amplifying economic risks that persist post-pandemic. The policy implications include expanding educational opportunities to enhance workers' employability, followed by implementing skill training and job placement programs. Additionally, extending minimum wage coverage to both formal and informal sectors, along with offering flexible work arrangements and subsidized childcare, particularly for women, can further support these workers. Furthermore, extending social protection to include social security and healthcare, with incentives for employer contributions, is essential. During crises, policies prioritizing healthcare access, income support, and job protection are crucial for ensuring the economic security of low-wage workers and reducing inequalities.
Sustainable Approaches to the New Trinity Framework in Emerging Market Monetary Policy Akbar, Dudi Duta; Siregar, Hermanto; Sugema, Iman; Anggraeni, Lukytawati
Jurnal Economia Vol. 22 No. 1 (2026): February 2026
Publisher : Faculty of Economics and Business, Universitas Negeri Yogyakarta in collaboration with the Institute for

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21831/economia.v22i1.78577

Abstract

This study intended to explore the effect of financial literacy, social media use, and pay-later promotion on online impulsive and compulsive buying among youth. Using partial least squares structural equation modelling (PLS-SEM), 366 valid responses were analysed. Additionally, a moderation analysis using multigroup analysis (MGA) was conducted to determine if there are gender differences in these relationships. The finding revealed that of the three predictors of impulsive buying, only social media use had a positive and significant impact, while impulsive buying became a crucial determinant for compulsive buying. Interestingly, this study found that gender did not moderate the relationships outlined in the proposed model, indicating that the effects were similar for both males and females. This study suggests that youth should be wise in using social media, as it could lead to excessive purchasing that worsens the financial and psychological condition of both males and females.
Analysis of Factors Affecting Non-Performing Loan at PT Xyz Financing Company Before and During Covid-19 (2018-2022) Sajudi, Aditya; Siregar, Hermanto; Bandono, Bayu
TRANSEKONOMIKA: AKUNTANSI, BISNIS DAN KEUANGAN Vol. 5 No. 1 (2025): January 2025
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/transekonomika.v5i1.846

Abstract

Non-Performing Loan is a situation where the ratio of the volume of non-performing loans (arrears >30 days) to total loans. This study aims to analyse the factors that influence the amount of credit (total loans) and the factors that influence Non-Performing Loan at PT XYZ in the range of 2018-2022. This study aims to analyse the factors that influence the amount of credit (total loans) at PT XYZ measured using multiple linear regression methods, while the factors that influence Non-Performing Loan at PT XYZ are measured using Binary Logistic Regression. The data in this study uses secondary data from PT XYZ in 2018-2022. The results of this study indicate that the factors that affect the amount of credit are Vehicle Price, Effective Rate, Installment Value per month, amount of downpayment (DP), total financing, tenor, age, education, gender, marital status, occupation and unit type, while the factors that affect the chances of customers becoming NPF are inflation, customer area and covid-19 pandemic and the Sumatra area is an area that needs special attention because it has a 121.4% higher chance of becoming an NPL.
The Role of Deposit Insurance in Microfinance Institutions: A Systematic Literature Review Suhardiono; Hermanto Siregar
Al-Kharaj: Journal of Islamic Economic and Business Vol. 8 No. 1 (2026): All articles in this issue include authors from 3 countries of origin (Indonesi
Publisher : LP2M IAIN Palopo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24256/kharaj.v8i1.9501

Abstract

This study reviews how deposit insurance interacts with the operations, behavior, and stability of microfinance institutions (MFIs). Methods: A systematic literature review (SLR) was conducted using PRISMA-guided screening. Searches were run in five academic databases (Google Scholar, Web of Science, SpringerLink, Taylor & Francis Online, and ScienceDirect) using the string “deposit insurance” AND “microfinance,” producing 625 records. After removing duplicates and applying title/abstract and full-text screening, three studies met the final inclusion criteria and were synthesized. Results: The evidence shows three main patterns: (1) deposit guarantees can increase moral hazard in MFIs with weak governance (as seen in Indonesia’s rural banks), (2) depositor trust, often shaped by perceived safety, can reduce deposit volatility and panic withdrawals (as shown in Gabon), and (3) deposit insurance may shift higher-risk borrowers away from insured banks toward MFIs, changing where risk concentrates in the financial system. Implications: Deposit insurance policy should consider MFIs, not only commercial banks. If protection is extended to MFIs (fully or partly), it should be paired with stronger governance requirements, better supervision, and risk-based pricing to reduce moral hazard while supporting depositor confidence and financial inclusion
Financial Inclusion and Socio-Demographic Determinants of Micro and Small Enterprise Performance: Evidence from Conventional, Islamic, and Non-User Segments in Jakarta, Indonesia Irma Citarayani; Hermanto Siregar; Irfan Syauqi Beik; Alla Asmara
Fikri : Jurnal Kajian Agama, Sosial dan Budaya Vol. 10 No. 2 (2025): Fikri : Jurnal Kajian Agama, Sosial dan Budaya
Publisher : Institut Agama Islam Ma'arif NU (IAIMNU) Metro Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25217/jf.v10i2.6373

Abstract

Micro and Small Enterprises (MSMEs) as part of MSMEs have an important role in the national economy, including increasing economic growth, supporting economic stabilization, improving public welfare, alleviating poverty, and reducing unemployment rates. However, in its development, MSMEs face many challenges, including capital problems and low access to financial service institutions. Meanwhile, financial inclusion is one of the government's efforts to provide greater access to MSME actors so that they can use financial products and services. This study aims to determine whether financial inclusion and socio-demographic factors can affect MSME performance. The research methods used are multiple regression analysis, interaction test, and ANOVA tests. The study results indicate that financial inclusion significantly positively impacts Micro and Small business Performance in the DKI Jakarta area. This study also shows that socio-demographic factors, especially gender, business age, and generation of MSME actors, significantly influence MSME performance in the DKI Jakarta area. On the other hand, this study provides information that the perception of the performance of MSESs using conventional financial service institutions has a higher value than that of MSESs using sharia financial service institutions. Meanwhile, the lowest perception of MSES performance is held by MSES actors who do not use financial service institutions.
Factors Affecting Production and Inefficiency of Smallholder Oil Palm Plantations in Riau Province: A Stochastic Frontier Analysis Liana, Limetry; Siregar, Hermanto; Marulitua Sinaga, Bonar; Hakim, Dedi Budiman
Jurnal Agribisnis Indonesia Vol. 13 No. 1 (2025): Juni 2025 (Jurnal Agribisnis Indonesia)
Publisher : Departmen of Agribusiness, Economics and Management Faculty, Bogor Agricultural University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29244/jai.2025.13.1.49-60

Abstract

This research, conducted in Siak Regency, a key area of smallholder plantations in Riau Province, holds significant implications for the local agricultural community. The main objective of this study is to analyze the factors that influence production and the inefficiency of smallholder oil palm plantations, analyzed using the Stochastic Frontier Analysis (SFA) method with STATA 17 software. Data were collected through field surveys and direct interviews with 132 smallholder farmers in Empang Pandan and Keranji Guguh Koto Gasib District Riau. The SFA estimation results show that five input variables significantly affect smallholder plantation production: land area, K fertilizer, organic fertilizer, and labour, which positively correlate with the increase in Fresh Fruit Bunch (FFB) production. In contrast, N fertilizer showed a negative correlation. We also found that the dummy variables for plantation management patterns and agricultural extension or training significantly impacted the inefficiency of smallholder oil palm plantations in Riau Province. The alternatives of the interaction between input variables on smallholder plantation production reveal that five alternative interactions between input variables significantly affect the increase in smallholder plantation production by more than 5 per cent, including the interaction of land area >< plant age, plant age >< pesticide, plant age >< labour, N fertilizer >< P fertilizer, and organic >< pesticide interaction.
Co-Authors . Lukytawati . Mahyuddin ., Harianto AA Sudharmawan, AA Abitur Asianto Adhitya Wardhana Adis Imam Munandar Adler H. Manurung Adler Haymans Manurung Affendi Anwar Agus Lukman Hakim Ahmad Aris, Ahmad Ahmad Naufaldy Pasaribu Ahmad, Fahmi Salam Aini Nurachman Dini Akbar, Chaeka Fitria Ramadhania Akbar, Dudi Duta Akhmad Fauzi Akhmadi Akhmadi Alim, Muhammad sahirul Alla Asmara Alya Dinda Nurrahmi Amzul Rifin Andam Dewi Andrea Emma Pravitasari, Andrea Emma Anggelina Delviana Klau Anny Ratnawati Aprilia Sukmawati Apriyana, Alfin Ardila, Fitri Aning Dwi Ardina Puspitasari Arham Rivai Ari Binuko Arief Darjanto Arief Daryanto Arief Daryanto Arif Imam Suroso Arif Naldi Aris, Diba Anggraini Aristo Purboadji ASEP SAEFUDDIN Asirin, Asirin Astoeti Wahjoe Widiarti Astrika Erlin Nurcahningsih Avianto, Wahyu Aviliani Aviliani Azis, Muh. Ikhsan Aziz, Lukmanul Hakim Azizah B D Nasendi Baba Barus Bagio, Bagio Baida Soraya Bambang Juanda Bandono, Bayu Basyid Ahmad Bayu Bandono Benar Darius Ginting Benny Kurniawan Boedi Tjahjono Bonar M Sinaga Bonar M Sinaga, Bonar M Bonar M. Sinaga Bonar Marulitua Sinaga Bronson Marpaung Bunasor Sanim Bungaran Saragih Bungaran Saragih Bustanul Arifin D. S. Priyarsono D. S. Priyarsono Dahri Dahri Darmawan, Indra Darsono . Deddy S. Bratakusumah Dedi Budiman Hakim Desi Maryanti Diana Septiningrum Diana Septiningrum, Diana Dikky Indrawan Dirga, Satria Prawira Ditha Mangiri Djajuli, Idja Dodik Ridho Nurrochmat Dominicus Savio Priyarsono Dudi S. Hendrawan Dwi Haryono Dwi Suprastyo DWI SURYANTO Dyan Vidyatmoko Dyan Vidyatmoko E. Batara Manurung E. Gumbira-Sa’id Ebed Hamri Eddi Wahyudi, Eddi Eddy Silamat Eduart Wolok Edwin Mahatir Muhammad Ramadhan Eka Intan KP Eka Intan Kumala Putri Eko Wahyu Nugrahadi Endah Murniningtyas Endah Murniningtyas ENDANG SUHENDANG Endriatmo Soetarto Eri Susanto Hariyadi Eri Susanto Hariyadi, Eri Susanto Eriyatno . ERLINA Erlina Erlina Erliza Noor Ernan Rustiadi Erwin Susanto Sadirsan Evi Lisna Evita H. Legowo Fahriyah Fahriyah Faizal Irvansyah Faizul Mubarok Farida Farida Fauzi, Firman Fazri, Muhammad Febriyana, Alfonsia Ferry Ardiansyah Ferry Syarifuddin Ferry Syarifuddin Ferry Syarifuddin Fitria Yuliani Fitriana, Rizqi Gonarsyah, Isang Gustiyan Taufik Mahardika Hadi, Setia Hadiwidjaja, Rini Dwiyani Hakim, Dedi Budiman Hani Laksono Hannoeriadi A., Ivan Hapsari, Umi Indah Harahap, Muhammad Syafril Hardinsyah Hariandja, Nancy Megawati Harianto Harianto Harianto . Harianto Harianto Harianto Harianto Harianto Harianto Harianto Harianto Hastori, . Hendri Tanjung Hendro Sasongko Hendro Sasongko Heni Hasanah Hermawan, Hardy R Hermawan, Rachmad Heru Kustanto Hery Setiawan Heti Mulyati I Gusti Putu Wigena I Wayan Mangku I Wayan Nuka Lantara Ichsan Ichsan, Aulia Idqan Fahmi Ilham, Nyak Ilham, Nyak Illah Sailah Imam Teguh Saptono Imam Teguh Saptono Iman Widhiyanto Iman Widhiyanto Indra Darmawan Indra Gunawan Indra Gunawan Indraprahasta, Galuh Syahbana Ingratubun, Muhammad A Ingrit, Ingrit Irfan Syauqi Beik Irma Citarayani Isang Gonarsyah Ismail, Ahmad Faizal Ivan Hannoeriadi A. Iyan Anriansyah Jajang Jajang Johan Firmansyah Joko S. Usman Jonahar Joyo Winoto Joyo Winoto, Joyo Kadar, Laila Kodrat Wibowo Kusnadi - Kustanto, Heru Laksamana, Patria Lala M Kolopaking Latuconsina, Olivia CH Lestari Agusalim Limetry Liana Mey Limetry Liana, Limetry Liston Siringo Ringo Lokot Zein Nasution, Lokot Zein Lukman M. Baga Lukytawati Anggraeni Lukytawati, . M Parulian Hutagaol M Parulian Hutagaol M. Bobby Afif Nasution M. Husein Sawit M. Ilham Riyadh M. Parulian Hutagaol M. R. Yantu M. Said Didu M. Suryadinata, M. Suryadinata M. Syamsul Maarif M. Yogi Riyantama Isjoni Machfud Machfud Machmud, Musdhalifah MANGARA TAMBUNAN Mangara Tambunan Mangasa Augustinus Sipahutar, Mangasa Augustinus Manurung, Daniel Martahi Bonar Manuwoto, Manuwoto Marpaung, Lenny Romauli Martua Eliakim Tambunan Marulitua Sinaga, Bonar Maulana, Muhamad Neko Maulana, Tubagus NA Megasari, Debbie Minesa, Punti Moch Hadi Santoso Moch. Hadi Santoso Moch. Hadi Santoso Mochammad Imron Awalludin Mohammad Nur Hadi Mudinillah, Adam Muhammad Arief Dirgantoro Muhammad Fazri Muhammad Fazri Muhammad Firdaus Muhammad Firdaus muhammad Firdaus Muhammad Firdaus Muhammad Nanang Prayudyanto Muhammad Sahirul Alim Mulya E. Siregar Mulya E. Siregar Mulya E. Siregar Mulya Siregar Murti, Prima Puspita Indra Nadiah Hidayati Nashwari, Inti Pertiwi Nasution, Sahruddin Naufaldy Pasaribu, Ahmad nFN Sudradjat Nila Rifai Nimmi Zulbainarni nirdukita ratnawati, nirdukita Nugroho Setyo Utomo Nunung Kusnadi Nunung Nuryartono Nur Hasanah Nur Hasanah Nurcahningsiha, Astrika Erlin Nurcahyaningsih, Astrika Erlin Nurlaila Firdani Fajri Nyak Ilham Nyak Ilham Oktovianus Pantjar Simatupang Parulian Hutagaol Perdana Wahyu Santoso Permadi, Hengki Petrus F.T.P. Tampubolon Prabono Roeshardianto Pratikto Winardi Bakhram Prima, Ghaniy Ridha Purwanta, Putri Ayu Purwoko, Agus Putri, Rizavia Mardhika R Marsuki Iswandi R Susila, Wayan Rachmat Pambudy Rahmanta Rahmanta Rahmanta, Rahmanta Ranti Wiliasih Renaldo Prima Sutikno Rezki Erdian Ries Wulandari, Ries Rifki Ismal Rina Oktaviani Rina Oktaviani Rina Oktaviani Rina Oktaviani Rini Dwiyani Hadiwidjaja Riny Kusumawati Ristianto Pribadi Ristiyanto, Nirwan Ristiyanto, Nirwan Riyanto Riyanto Rizal Rahman H. Teapon Rizavia Mardhika Putri Roeshardianto, Prabono Roy Sembel Roy Sembel Rulhendri Rulhendri Safrida . Sajudi, Aditya Samsul Arifin Santun R.P. Sitorus Sarma, Ma’mun Satriadi, Dharma Sekarlaras, Amanda Fortuna Arum Sembel, Roy H. M. Setia Hadi Setia Hadi Setiadi Djohar Setiawan, Andi Sinaga, Jovan Siregar, Mulya E Siti Aida Adha Taridala Situmorang, Kaspar Sjafri Mangkuprawira Sofyan Sjaf Sri Hartoyo Sri Hartoyo Sri Mulatsih Sri Mulatsih Sri Nuryanti Sri Wahyuni Stephen Thenu Sugema, Iman Sugeng Budiharsono Sugimin Pranoto Sugiyanto Sugiyanto Suhardiono Suhardiono Suhardiono Suhardiono, Suhardiono Suhardionob, Suhardionob Sul, Suliamin Kasnar Suprehatin Surjono H. Sutjahjo Surtiati Surtiati Surya Abadi Sembiring Suryaningsih, Widiani Sutikno, Renaldo Prima Sutriono Edi Suwarno Suwarno Suwinto Johan Syahbana, Galuh Syahrir, Azhar Syaiful Syaiful Syaiful Syaiful Syamsul Arifin Syamsul Hidayat Pasaribu Syamsul Ma'arif Syarifuddin, Ferry Syarifuddin, Ferry Syauqi, Muhamad Sylvia Sandyazmara Devi Tanti Novianti Taofiq Rachmat Tatik Mariyanti, Tatik TB Nur Ahmad Maulana Tb. N Ahmad Maulana, Tb. N Ahmad Tony Irawan Trias Andati Trias Andati Trias Andati Trias Andati Trias Andati Trias Andati Trias Andati Trias Andati Tubagus Nur Ahmad Maulana Tubagus Nur Ahmad Maulana Tubagus Nur Ahmad Maulana Tutut Sunarminto Usman - Vidyatmoko, Dyan Wibisono, Afrid Widhiyanto, Iman Widyastutik Winardi Winardi Winardi Winardi Winardi, Winardi Winoto, Joyo Wiwiek Rindayati Wonny A. Ridwan Wulandari Kuswahariani Wulandari, Lita Wurdaningsih Yantu, M. R. Yati Nuryati Yenna Sri Mardiana Yeti Lis Purnamadewi Yulismi, Yulismi Yusman Syaukat Yusman Syaukat Z. Karim, Taufik