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Evaluation Of Macroprudential Policy On Credit Growth In Indonesia: Credit Registry Data Approach Badara Shofi Dana
ETIKONOMI Vol 17, No 2 (2018)
Publisher : Faculty of Economic and Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (450.973 KB) | DOI: 10.15408/etk.v17i2.7324

Abstract

Macro-prudential policies have an essential role in mitigating the imbalances in the financial sector that stem from procyclical credit growth. This study aims to evaluate macro-prudential policy in mitigating risk on procyclical credit growth with a registry data approach. Structural Vector Autoregression (SVAR) analysis method is used to evaluate macro-prudential policy in influencing credit growth. The results show LTV instruments can reduce credit growth but not to procyclical mitigation. Dissimilar results in the implementation of CCB and GWM + LDR instruments are capable of procyclical credit mitigation. Policies that can be done by the central bank are the establishment of an early warning system in macro-prudential policy as well as strengthening of Countercyclical Buffer (CCB), Loan to Value (LTV) instruments and Minimum Reserve Requirement + Loan Funding Ratio (GWM + LFR) in capturing systemic risks from various sources which further strengthens the assessment and surveillance.DOI:10.15408/etk.v17i2.7324
Rethinking the exchange rate disconnect puzzle theory in ASEAN-6 Adhitya Wardhono; Badara Shofi Dana; M. Abd. Nasir
Economic Journal of Emerging Markets Volume 9 Issue 1, 2017
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.vol9.iss1.art10

Abstract

The theory of the exchange rate disconnect puzzle provides evidence of the instability of exchange rate relationship with macroeconomic fundamentals. This study will analyse the enactment of the theory of the exchange rate disconnect puzzle with the macroeconomic fundamental phenomenon in affecting the exchange rate movements in the ASEAN-6. The method of analysis Generalized Method of Moment (GMM) with panel data is used to provide an explanation for the existence of the theory of the exchange rate puzzle disconnect. Results the analysis showed the relationship between macroeconomic fundamentals through proxies of the monetary approach affect to exchange rate movements in the ASEAN-6.
IMPACT OF AGRICULTURE PRODUCTIVITY ON ECONOMICS GROWTH: A CASE STUDY OF ASEAN-3 Pannawadee Radinghin; Shania Temeña; Badara Shofi Dana
UNEJ e-Proceeding the 3rd International Conference on Economics, Business, and Accounting Studies
Publisher : UPT Penerbitan Universitas Jember

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Abstract

The agricultural sector still has a large contribution to economic growth in developing countries such as ASEAN. Because the agricultural sector absorbs high labor and has a large output as a source of economic growth in developing countries. Based on the level of productivity of agriculture sector in ASEAN-3 (Indonesia, Thailand, and the Philippines), this study aims to see the contribution of agricultural sector productivity to economic growth. Variables used as a proxy for agricultural productivity are gross capital formation, agriculture value-add, employment in agriculture sector, inflation and trade openness with economic growth through real gross domestic product per capita. The use of Vector Autoregression (VAR) in this study aims to see the relationship between the agricultural sector with economic growth and the amount of agricultural productivity contribution to economic growth through impulse response function and variance decomposition. The results obtained in this study are the productivity of the agricultural sector has contributed to economic growth in ASEAN-3, where inflation and gross capital formation has the largest contribution in economic growth in Indonesia, the Philippines, and Thailand. The government policy that needs to be paid attention is about the level of price and assistance in the capital of business in the agricultural sector.
PERTUMBUHAN EKONOMI DAN KORUPSI DI INDONESIA: PENDEKATAN GOOD GOVERNANCE Badara Shofi Dana; Eni Supriyanti; Irin Cahyawati
UNEJ e-Proceeding Seminar Nasional Ekonomi dan Bisnis (SNAPER-EBIS 2017) Fakultas Ekonomi dan Bisnis Universitas Jembe
Publisher : UPT Penerbitan Universitas Jember

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Abstract

Isu permasalahan tentang korupsi yang memberikan pengaruh terhadap pertumbuhan ekonomi menjadi permasalahan yang mendasar dan perdebatan di berbagai negara, baik negara maju maupun negara berkembang. Penelitian ini bertujuan untuk meninjau kembali hubungan antara pertumbuhan ekonomi dengan korupsi melalui pendekatan good governence. Pendekatan good governece yang dilakukan penelitian ini untuk melihat kinerja pemerintahan dapat mempengaruhi korupsi yang selanjutnya dapat memberikan pengaruh terhadap pertumbuhan ekonomi. Variabel yang digunakan dalam penelitian ini adalah pertumbuhan ekonomi per kapita, corruption index, governance index dan pengeluaran pemerintah dengan jenis data time series pada tahun 1987 sampai dengan 2016. Ordinary Least Square (OLS) digunakan untuk dapat memberikan gambaran atas hubungan korupsi dengan pertumbuhan ekonomi berdasarkan pendekatan good governance. Hasil penelitian ini menunjukan bahwa korupsi memberikan pengaruh terhadap pertumbuhan ekonomi di Indonesia. Akan tetapi kinerja pemerintahan tidak memberikan pengaruh terhadap pertumbuhan ekonomi yang dikarenakan kinerja pemerintah masih belum memberikan pengaruh terhadap korupsi. Perlunya peran pemerintah melalui adanya lembaga Korupsi Pemberantas Korupsi (KPK) dalam mengatasi korupsi.
ANALISIS KINERJA EKSPOR TEMBAKAU DI INDONESIA: PENDEKATAN VECTOR AUTOREGRESSION Badara Shofi Dana; Achmad Fawaid Hasan
UNEJ e-Proceeding Dinamika Global: Rebranding Keunggulan Kompetitif Berbasis Kearifan Lokal
Publisher : UPT Penerbitan Universitas Jember

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Abstract

This study aimed to analyze the value of the rupiah against the US dollar, the world tobacco price and production quantities of tobacco on tobacco in Indonesia's export performance in the long term and short term. Research approach uses vector autoregression (VAR). The sample used in this research that the Indonesian nation as a whole. The empirical results of this study indicate that the value of the rupiah against the US dollar, the price of the world's tobacco and production quantities of tobacco influence significant to exports of tobacco in Indonesia in the long term and short term.
Dampak berita makroekonomi terhadap fluktuasi nilai tukar di Indonesia Badara Shofi Dana; Moh. Adenan; Zainuri Zainuri
Jurnal Ekonomi dan Bisnis Vol 22 No 2 (2019)
Publisher : Fakultas Ekonomika dan Bisnis Universitas Kristen Satya Wacana

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (546.149 KB) | DOI: 10.24914/jeb.v22i2.2382

Abstract

The short-term exchange rate fluctuations can be explained by the microstructure approach of the foreign exchange market. The concept argues that macroeconomic news (news in the newspaper) can affect the exchange rate in the foreign exchange market by changing market actors’ assumptions . This study seeks to analyze the impacts of domestic and Chinese macroeconomic news on exchange rate fluctuation in Indonesia. The study uses exchange rates and domestic and Chinese macroeconomic news from2/1/ 2013 to 31/12/2018. Macroeconomic news consist of economic growth (GDP), retail sales and current account. By using the Generalized Methods of Moments (GMM) as the analysis tool, the study indicate that domestic and Chinese macroeconomic news affect exchange rate movements in Indonesia. Thus, this study suggests that Indonesia needs to maintain its macroeconomic fundamentals to mitigate the impacts of macroeconomic news. Further, increasing the efficiency and credibility of financial markets is crucial to stabilize exchange rate movements.
WELFARE INEQUALITY AND DEMOGRAPHIC DIVIDEND IN EAST JAVA: THE OVERLAPPING GENERATIONS (OLG) MODEL APPROACH Badara Shofi Dana; Ati Musaiyaroh
East Java Economic Journal Vol. 2 No. 1 (2018)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (654.424 KB) | DOI: 10.53572/ejavec.v2i1.12

Abstract

The issue of demography into an important discussion caused can affect economic growth and inequality in East Java Inequality in east Java showed an increase.Unequal distribution of income is a source of high inequality in East Java. This study aims to show the effectiveness of demographic changes can affect inequality in East Java with the approach of Overlapping Generations (OLG) model. The data used in this research is time series data in the first quarter of 2010- the fourth quarter 2015. Analyzer used in this research is Generalized Method of Moments (GMM). The results of this study show that demographic changes in East Java have the potential to increase inequality. The number of productive age populations with non-productive causes of high inequality. Consumption rate and the number of the productive workforces also become one of the sources of inequality. Therefore, the Settlement of inequality coupled with demographic changes in East Java needs the role of government through targeted social protection programs and infrastructure improvements. In addition, the need for land-based policies, opportunity-based policies, human resource capacity building policies, job matching.
Monetary and Fiscal Policy on Inflation in Indonesia: Threshold Vector Autoregression Approach Yuliati, Lilis; Dana, Badara Shofi; Musaiyaroh, Ati
Media Ekonomi dan Manajemen Vol 40, No 1 (2025): January 2025
Publisher : Fakultas Ekonomika dan Bisnis UNTAG Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56444/mem.v40i1.5014

Abstract

The combination of monetary and fiscal policies is used to stabilize prices in Indonesia. The purpose of this study is to analyse the role of monetary and fiscal policies in stabilizing prices in Indonesia through the threshold concept. The data used is time series (2013Q1-2023Q2) with the Threshold Vector Autoregression method. The results show that the interest rate and budget thresholds can affect inflation stability. Other variables, such as the exchange rate, output gap, and FFR, have varying effects depending on the threshold. Thus, combining adjustments in monetary and fiscal policies and understanding the impact of inflation at various policymakers can better manage economic growth and maintain price stability in the long term.
Data-Driven Insights for Tourism Development in East Java Using Directed Graphs Pradananta, Galih; Shofi Dana, Badara
Riemann: Research of Mathematics and Mathematics Education Vol. 7 No. 1 (2025): EDISI APRIL
Publisher : Program Studi Pendidikan Matematika Universitas Katolik Santo Agustinus Hippo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38114/reimann.v7i1.97

Abstract

This study aims to analyze the tourism network in East Java using Google Trends data and directed graph models. Data were collected based on search queries combining the keyword "wisata" (tourism) with city or regency names in East Java for the year 2023. The analysis employed the PageRank algorithm to identify key network hubs and the Adamic-Adar index to predict new connections between regions. Spatial visualization was conducted using QGIS, while network analysis was carried out using NetworkX. The results revealed that Malang and Surabaya act as central hubs in the tourism network, with high connectivity to other regions. Meanwhile, regions such as Pacitan were identified as isolated nodes within the network. Based on these findings, the study recommends strategies to enhance inter-regional connectivity, including infrastructure development and integrated tourism promotion. This study provides data-driven insights that can assist tourism authorities in improving the attractiveness and sustainability of the tourism sector in East Java.
Nexus Islamic Finance Development and Income Inequality in Indonesia: Testing Kuznets Curve Hypothesis Shofi Dana, Badara; Himmati, Risdiana; Salim, Agus
Economica: Jurnal Ekonomi Islam Vol. 16 No. 2 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Islam UIN Walisongo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/economica.2025.16.2.26318

Abstract

This study analyzes the applicability of the Kuznets curve hypothesis within the specific context of Islamic finance development in Indonesia and its resultant implications for income inequality. The novelty of this research lies in integrating Islamic finance, specifically from the banking sector, with Islamic social finance instruments, namely zakat, infaq, and sadaqah. Crucially, it interrogates whether the Kuznets curve hypothesis remains pertinent within this expanded framework. Utilizing secondary panel data encompassing 25 Indonesian provinces over the 2019–2020 period, the study employs panel data regression techniques, specifically common effect, fixed effect, and random effect models, which were systematically selected via the Chow, Hausman, and Lagrange multiplier tests. The empirical findings demonstrate unequivocally that the development of Islamic finance, spanning both the financial and social sectors, significantly influences income inequality. This substantiates the Kuznets curve hypothesis: inequality initially escalates but subsequently diminishes as development matures. Furthermore, the results underscore the role of the Human Development Index (HDI) and the prevalence of mosques in mitigating inequality, while population density exhibits a positive association with inequality. This study conclusively argues that strengthening financial inclusion and professionalizing the management of Islamic social finance constitute strategic approaches for mitigating income inequality in Indonesia.