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Journal : Untag Business and Accounting Review

Identification of the Economic Crisis in Indonesia 2019-2022 Nusantara, Agung; Nawatmi, Sri
Untag Business and Accounting Review Vol 1, No 2: October 2022
Publisher : Faculty of Economics and Business UNTAG Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56444/ubar.v1i2.3349

Abstract

This paper aims to to identify when the economic crisis in Indonesia occurred by basing itself on the formulation of The National Bureau of Economic Research, as the economic research authority in the United States, which is used as a reference for many countries including the United Nations. The Holdrick-Prescot Expectation Model is use as model with a de-trending approach that describes the information contained in the data without involving other data that might contribute to the movement of the data. the results of identification using the Gordon model and the Hodrick-Prescott method, it can be seen that the identification of crises is more accurate when using the definition applied by the NBER. Through the definition of the NBER crisis, it can be seen that Indonesia has experienced a decline in actual GDP compared to its trend value since 2019, Q4, which of course indicates the onset of an economic crisis.
Do Economic Factors Dominate Happiness: A Comparison of Western and Eastern Cultures Nusantara, Agung; Nawatmi, Sri
Untag Business and Accounting Review Vol 2, No 2: October 2023
Publisher : Faculty of Economics and Business UNTAG Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56444/ubar.v2i2.4450

Abstract

This article explores the factors influencing happiness levels and compares them within the contexts of Western and Eastern cultures. It particularly examines the role of income in shaping happiness, with a focus on Western cultures, often associated with materialism, and Eastern cultures, frequently linked to spirituality. The analysis reveals four significant determinants of happiness: economic achievement, social support, health, and the freedom to make choices. While income, measured by per capita GDP growth, contributes to happiness, globally, freedom of choice and social support exert a more substantial influence. This holds true when comparing Europe and North America to Asia (excluding the Middle East) and when contrasting Western and Eastern cultures. The study underscores the significance of social and political factors in achieving happiness, emphasizing the need for prioritizing their development. Furthermore, it challenges the notion that Western cultures are solely materialistic and Eastern cultures entirely spiritual, highlighting the intricacies of cultural differences. In sum, these findings emphasize the need for more comprehensive and diverse research to understand variations within specific cultural and ethnic contexts.