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Analysis of Factors Affecting Broad Money of Five ASEAN Countries Bara' Tiku, Intan; Abd. Rahim; Sri Astuty; Diah Retno Dwi Hastuti; Muhammad Syafri
International Journal of Economics (IJEC) Vol. 4 No. 1 (2025): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v4i1.1291

Abstract

This study evaluates the factors that influence the broad money of five ASEAN countries. Global economic uncertainty due to financial crises, geopolitical conflicts and pandemics has affected the region's economic stability. Central banks have a role in controlling broad money through monetary policy, but its effectiveness is affected by other factors such as GDP, interest rates and inflation. Moreover, the relationship between GDP growth, inflation, and interest rates with broad money is a major concern, as the trend of broad money growth in the 5 ASEAN countries continues to increase every year. The balance between broad money and price stability is crucial to prevent economic stress that could lead to a recession. Therefore, this study focuses on an in-depth analysis of the factors that influence money supply to help the government make decisions. The research sample consists of 100 data with five ASEAN countries, namely Vietnam, Indonesia, Thailand, Philippines and Malaysia with a time series of 2004-2023. This methodology uses a mixed approach, namely quantitative with secondary data from the World Bank & IMF with LSDV analysis. It was found that the adjusted r square value was 97%, which means that GDP, interest rates, and inflation used were able to explain the money supply of 5 ASEAN countries by 97% and 3% was influenced by other factors outside this study. GDP was found to have no significant effect while interest rates have a significant negative effect and inflation has a significant positive effect on the broad money of 5 ASEAN countries. The government is expected to better analyze the policies and actions taken, such as managing monetary policy wisely, especially in maintaining the stability of inflation and interest rates so that the money supply can be well controlled.
Dampak Faktor-Faktor Ekonomi Terhadap Pengangguran Terdidik: Studi Mencapai Target Sustainable Development Goal Ke-8 Di Pulau Jawa Dwi Melda Teresia; Diah Retno Dwi Hastuti; Abd. Rahim; Sri Astuty; Abdul Rajab
Jurnal E-Bis Vol 9 No 2 (2025): Vol.9 No.2 2025
Publisher : Politeknik Piksi Ganesha Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37339/e-bis.v9i2.2707

Abstract

Pengangguran terdidik masih menjadi persoalan seriusan di Indonesia, terutama di Pulau Jawa. Tingginya tingkat pengangguran terdidik di Pulau Jawa menunjukkan adanya ketidakseimbangan antara peningkatan jumlah lulusan pendidikan menengah dan tinggi dengan kapasitas penyerapan tenaga kerja. Menurut teori Schultz, pendidikan tinggi semestinya meningkatkan produktivitas dan peluang kerja, namun kenyataannya tidak demikian. Kondisi ini menjadi tantangan serius dalam merealisasikan SDG ke-8. Penelitian ini bertujuan untuk menganalisis perkembangan pengangguran terdidik di Pulau Jawa dan menganalisis faktor-faktor ekonomi yang memengaruhi tingkat pengangguran terdidik dalam mendukung pencapaian SDG ke-8. Penelitian ini menggunakan pendekatan kuantitatif dengan data sekunder, dengan metode yang digunakan adalah regresi data panel. Hasil penelitian menunjukkan bahwa inflasi, kesempatan kerja, upah minimum regional, dan pertumbuhan ekonomi memengaruhi 73% pengangguran terdidik di Pulau Jawa selama pengamatan dan keempat variabel berpengaruh signifikan.
Faktor-Faktor yang Mempengaruhi Penyerapan Tenaga Kerja pada Industri Makanan dan Minuman di Pasar Segar Makassar: Factors Influencing Labor Absorption in the Food and Beverage Industry in the Pasar Segar of Makassar Basri Bado; Dirga Pradita; Andi Samsir; Muh. Jamil; Sri Astuty; Muhammad Syafri
Jurnal Kolaboratif Sains Vol. 7 No. 5: MEI 2024
Publisher : Universitas Muhammadiyah Palu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56338/jks.v7i5.5368

Abstract

Penelitian ini bertujuan untuk mengetahui faktor-faktor penyerapan tenaga kerja pada usaha makanan dan minuman di pasar segar Makassar. Data yang digunakan dalam penelitian ini adalah data primer melalui penyebaran kuesioner kepada pemilik kedai di pasar segar. Teknik penentuan sampel yang digunakan adalah sampel jenuh sebanyak 50 responden. Metode analisis yang digunakan dalam penelitian ini adalah regresi linear berganda. Hasil penelitian menunjukkan bahwa modal tidak mempengaruhi penyerapan tenaga kerja sedangkan upah, omzet dan lama usaha mempengaruhi penyerapan tenaga kerja pada usaha makanan dan minuman di pasar segar Makassar.
The Relationship of Inflation and Economic Growth to the Financial Performance of the Makassar City Government Alfi Widiyanti; Diah Retno Dwi Hastuti; Muhammad Syafri; Sri Astuty; Citra Ayni Kamaruddin
Jurnal Ekonomi Balance Vol. 21 No. 2 (2025): December 2025
Publisher : Perpustakaan dan Penerbitan Unismuh Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26618/0fddbn21

Abstract

Financial performance is a measure of achievement in financial aspects including regional revenue and spending, so financial performance can be reflected in the increase in local revenue and regional spending efficiency (Lathifa & Haryanto, 2023). Financial performance measurement is very important to assess the accountability of local governments in their financial management. This study aims to analyze the relationship between inflation and economic growth on the financial performance of the Makassar City Government during the 2015–2024 period. The method used is a quantitative approach with secondary time series data, and an analysis technique in the form of a spearman rank correlation test, The results of the study show that both inflation and economic growth have a positive but weak relationship to very weak to very weak to the financial performance of the Makassar City government as indicated by the correlation value of > 0.05. This indicates that macroeconomic fluctuations are quite strong. The revenue structure, which is still highly dependent on central transfers, is one of the factors that explains the weak relationship between macroeconomic indicators and regional fiscal performance. Based on these findings, it is recommended to develop the research by including other variables beyond macroeconomic indicators such as regional investment levels, unemployment rates, the number of poor people, or the human development index (HDI). This variable reflects aspects of socio-economic development that can affect the financial performance of local governments, both directly and indirectly. 
The Effect of Profitability, Liquidity, and Leverage Ratio on Stock Prices in the State-Owned Banking Sector in Indonesia Putri Azizah Sahirah; Citra Ayni Kamaruddin; Sri Astuty; Regina Regina; Basri Bado
International Journal of Economics, Commerce, and Management Vol. 3 No. 1 (2026): International Journal of Economics, Commerce, and Management
Publisher : Asosiasi Riset Ekonomi dan Akuntansi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62951/ijecm.v3i1.1127

Abstract

Stocks represent a capital market instrument with the potential to generate high returns. When making investment decisions, investors typically assess various internal aspects of a company, including its financial performance. The objective of this study is to examine the influence of profitability, liquidity, and leverage ratios on stock prices in the Indonesian banking sector, with a particular focus on state-owned banks, in both partial and simultaneous regression models. The methodology employed is quantitative analysis, with a secondary data set being utilized. The sample was determined using a purposive sampling technique, covering four state-owned banks (BRI, BNI, Mandiri, and BTN) for the 2010-2024 period. The findings of the analysis demonstrate that profitability and leverage exert a substantial negative influence on the stock prices of these banking institutions, while the liquidity ratio does not demonstrate a significant effect. Concurrently, all three variables exert an influence on stock prices, with an R-squared value of 58%.
The Effect of Interest Rates, Exchange Rates, and Coffee Production on Coffee Export Value in South Sulawesi Dwifani Syuhra Ritonga; Sri Astuty; Abdul Rajab; Irwandi Irwandi; Muhammad Syafri
International Journal of Economics and Management Sciences Vol. 3 No. 1 (2026): February : International Journal of Economics and Management Sciences
Publisher : Asosiasi Riset Ekonomi dan Akuntansi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61132/ijems.v3i1.1146

Abstract

This study aims to analyze the influence of interest rates, exchange rates, and coffee production on the value of coffee exports in South Sulawesi. The background of this study is based on the condition of South Sulawesi coffee exports which have experienced significant fluctuations in recent years despite coffee production tending to increase. This study uses a quantitative approach with time series data for the period 2009-2023 sourced from the World Bank, International Monetary Fund and the Directorate General of Plantations, the Food Crops, Horticulture and Plantation Service of South Sulawesi Province. Data analysis was conducted using multiple linear regression through the EViews 12 application with the classical assumption test as a model prerequisite. The results show that partially interest rates have a significant effect on coffee exports, while exchange rates and coffee production do not have a significant effect. Simultaneously, the three independent variables do not have a significant effect on the value of coffee exports. This finding indicates that external factors, especially interest rates, are more dominant in determining the performance of South Sulawesi coffee exports than internal factors of production and exchange rates.
Analysis of Factors Influencing Exports in 5 ASEAN Countries Using a Moderation Approach Andi Isra’ Amalia; Sri Astuty; Abdul Rajab; Muhammad Syafri; Irwandi Irwandi
International Journal of Economics and Management Sciences Vol. 3 No. 1 (2026): February : International Journal of Economics and Management Sciences
Publisher : Asosiasi Riset Ekonomi dan Akuntansi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61132/ijems.v3i1.1153

Abstract

This study investigates the factors influencing export performance in five ASEAN countries Indonesia, Malaysia, the Philippines, Singapore, and Thailand during the 2014-2023 period. The topic is highly relevant given the vital role of exports in sustaining monetary stability and promoting long-term economic growth. The novelty of this research lies in its integrated approach, which simultaneously examines key export-related macroeconomic variables, namely foreign direct investment and inflation, while incorporating foreign exchange reserves as a moderating variable an approach that remains limited in existing ASEAN-focused studies. This analysis uses secondary data obtained from the World Bank and processed using panel data regression methods, including the Common Effect Model, Fixed Effect Model, and Random Effect Model, strengthened by a Moderated Regression Analysis (MRA) approach. The results show that foreign direct investment and inflation significantly influence foreign exchange reserves. Furthermore, foreign exchange reserves have been shown to play a strategic role in strengthening the economic resilience of ASEAN countries and can be used as a reference in formulating monetary and international trade policies.
The Influence Of Population, Economic Growth, Government Expenditure On Regional Income (PAD) In South Sulawesi Province Yulianti Yulianti; Basri Bado; Irwandi Irwandi; Sri Astuty; Regina Regina
Jurnal Akuntansi, Ekonomi dan Manajemen Bisnis Vol. 6 No. 1 (2026): Maret : Jurnal Akuntansi, Ekonomi dan Manajemen Bisnis
Publisher : Pusat Riset dan Inovasi Nasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55606/jaemb.v6i1.9127

Abstract

The objective of the provision of regional autonomy is to diminish the reliance of local administrations on the central government, particularly with regard to financial matters, thereby enabling regions to finance their own operations independently. The objective of this study is to ascertain the impact of population, economic growth, and government expenditure on Regional Original Income (PAD) in South Sulawesi Province. The present study constitutes a quantitative investigation, utilising secondary data from BPS with panel data, constituting time series data for the period 2019-2023, in conjunction with cross-section data from six regencies/cities. In light of the findings from the empirical investigation, it is concluded that the most suitable estimate to be employed in this study is the Common Effect Model (CEM). The findings indicate that all independent variables, namely population, economic growth, and government expenditure, collectively exert a substantial influence on regional original income in South Sulawesi Province. Meanwhile, the results of the t-test demonstrate that the population variable has a probability value of 0.0000, which is less than 0.05. It can be concluded that the population has a positive and significant effect on regional original income in South Sulawesi Province. Moreover, the probability of economic growth is determined to be 0.2502, which is greater than 0.05. This indicates that it exerts minimal influence on regional original income in South Sulawesi Province. Subsequently, the probability value of government expenditure is determined to be 0.0355, which is less than 0.05. This finding indicates that government expenditure exerts a positive and significant influence on local revenue in South Sulawesi province.