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All Journal Jurnal Ilmiah Mahasiswa FEB Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Jurnal Ilmu Ekonomi dan Pembangunan JURNAL EKONOMI PENDIDIKAN DAN KEWIRAUSAHAAN International Journal of Supply Chain Management Jurnal Ilmiah Akuntansi Kesatuan Jurnal Pengabdian kepada Masyarakat Nusantara Prima Abdika: Jurnal Pengabdian Masyarakat Economics, Business, Accounting & Society Review Journal of Development Economic and Social Studies (JDESS) Contemporary Studies in Economic, Finance and Banking (CSEFB) Economics Note
Rachmad Kresna Sakti
Mahasiswa Program Doktor Ilmu Ekonomi FEUB
Arts Humanities Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Engineering Environmental Science Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media Mathematics Social Sciences Transportation Other

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The Role of Public Policy and Digital Connectivity in Driving Gdp Growth: A Cross-Country Study of Emerging Economies Sakti, Rachmad Kresna; Mubarak, Muhammad Faraz; Setyanti, Axellina Muara; Prestianawati, Silvi Asna
Economics, Business, Accounting & Society Review Vol. 5 No. 1 (2026): Economics, Business, Accounting & Society Review
Publisher : International Ecsis Association

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Abstract

This study examines how digital connectivity and public policy influence economic growth in developing countries, utilizing data from 21 nations spanning the years 2018 to 2023. The study focuses on internet adoption rates, internet speed, government policies, and GDP growth rates, employing a composite index and Panel-Corrected Standard Errors (PCSE) regression method. The findings indicate that higher internet penetration, faster internet speed, and enhanced internet security are positively associated with per capita GDP growth, highlighting the importance of digital connectivity in fostering economic development. In contrast, reliance on basic cellular connections shows a negative impact on per capita GDP, potentially due to lower productivity associated with basic mobile usage. The study also emphasizes the crucial role of public policy performance, which demonstrates a strong positive correlation with economic growth, suggesting that effective governance and well-implemented policies are essential for maximizing the benefits of digital infrastructure in driving economic progress. The study's integration of both digital connectivity variables and public policy provides new insights into the synergies between technology and governance, offering a comprehensive view of how these factors together influence economic outcomes. This approach adds valuable contributions to development economics, particularly in understanding the roles of modern digital infrastructure and policy frameworks in supporting sustainable growth in developing countries.
The Influence of Tourism Activities, Local Spending, and Macroeconomic Indicators on Provincial Economic Growth in Indonesia Fatahillah, Hidayati; Maski, Ghozali; Sakti, Rachmad Kresna
Jurnal Ilmiah Akuntansi Kesatuan Vol. 14 No. 2 (2026): JIAKES Edisi April 2026
Publisher : Institut Bisnis dan Informatika Kesatuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37641/jiakes.v14i2.4609

Abstract

This study is driven by the critical role of the tourism sector, local fiscal policies, and macroeconomic indicators in stimulating local economic growth in Indonesia, which continues to exhibit significant disparities across provinces. The purpose of this study is to analyze the influence of the number of domestic and international tourists, tourist spending, occupancy rates of starred and non-starred hotels, local government spending, inflation, exchange rates, and infrastructure on provincial economic growth in Indonesia for the period 2018–2023. The method used is a quantitative approach with an explanatory design using panel data from 11 provinces, which were analyzed using a Random Effects Model. The results show that only foreign tourist spending, occupancy rates of starred hotels, inflation, exchange rate, and infrastructure have a significant influence on economic growth, while other variables are insignificant. This finding indicates that tourism quality, macroeconomic stability, and infrastructure support are more determinant than tourist quantity or local government spending. The implications of this study emphasize the importance of policies that focus on increasing high-value tourism, public spending efficiency, and strengthening infrastructure and economic stability. In conclusion, local economic growth in Indonesia is more influenced by the quality and efficiency of the economy than simply increasing the volume of tourism activity.
The Influence of Internal Factors and Interest Rates on State-Owned Enterprise Credit Distribution Gusanto, Priskilla Annetta Amanda; Sakti, Rachmad Kresna
Contemporary Studies in Economic, Finance and Banking Vol. 5 No. 2 (2026)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

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This study aims to analyze the effect of internal bank factors and Loan interest rates on credit distribution of state-owned banks in Indonesia during the period 2020–2025. The study is motivated by the suboptimal credit growth in the post-Covid-19 period despite adequate banking liquidity and government fund placement policies. The variables include Loan interest rates, Loan to Deposit Ratio (LDR), Operating Expenses to Operating Income (BOPO), and Capital Adequacy Ratio (CAR) as independent variables, and credit distribution as the dependent variable. This research employs a quantitative approach using the Autoregressive Distributed Lag (ARDL) model based on monthly time series data obtained from the Financial Services Authority (OJK). The long-run estimation results indicate that Loan interest rates have a positive and significant effect on credit distribution, while LDR and BOPO have a negative and significant effect. Meanwhile, CAR has a negative but insignificant effect. These findings suggest that in the long run, operational efficiency and liquidity management are key determinants of credit distribution, while capital adequacy is not a dominant factor. This study is expected to provide insights for policymakers and banking institutions in formulating more effective strategies to enhance financial intermediation and support economic recovery.
ANALISA PENGARUH JUMLAH TENAGA KERJA, NILAI EKSPOR DAN NILAI INVESTASI PADA INDUSTRI PENGOLAHAN TERHADAP PERTUMBUHAN EKONOMI DI KABUPATEN LUMAJANG Kurniawati, Vina; Pudjihardjo, M.; Sakti, Rachmad Kresna
Jurnal Ilmu Ekonomi dan Pembangunan Vol 18, No 1 (2018): Jurnal Ilmu Ekonomi dan Pembangunan
Publisher : EP FEB UNS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/jiep.v18i1.17628

Abstract

The processing industry has become one of the supporters of the regional economy. This is shown from several studies and studies which states that the processing industry is the second largest passenger of GRDP after the primary sector. This study aims to influence the amount of labor, export value and investment value of wood processing industry and food processing industry in Lumajang regency with observation period from 2002 until 2016. This research model uses quantitative descriptive analysis with panel data regression research method. The estimation model used is fixed effect model for both processing industries. Sample data obtained by using purposive sampling method, where data retrieval is based on certain criteria.The result of research with t test shows that the amount of labor, export value and investment value in wood processing industry have positive and significant influence to economic growth. For the food processing industry, the amount of labor is negative and does not affect the economic growth, while the value of exports and investment value have a positive and significant impact on economic growth. Could be this is because the investment in food processing industry is intended to increase capital goods or equipment, thus affecting the reduction in the number of labor. Through the test f, all independent variables in the two processing industries simultaneously together influence the dependent variable. Keywords: Economic Growth, Processing Industry, Labor, Export, InvestmentJEL Classification: O1, O47
Co-Authors Agus Suman Anggi Rahma Ativanita Aqila Raeshad Arisetyawan, Kukuh Axellina Muara Setyanti, Axellina Muara Azarya hendry christy Bintoro, Nugroho Suryo Dewana Pinasthika Lestari Dizzahara, Izhellia Oktatubela Fatahillah, Hidayati Ghozali Maski Gusanto, Priskilla Annetta Amanda Habibi, Muhammad Rasyid Hidayah, Roisatul Kadafi, M. Amin Khotiawan, Ma'rufa Kurniawati, Vina M. Pudjihardjo Masruroh, Isna Aisyah Mohammad Irham Muqoddam Mubarak, Muhammad Faraz Mulya, Ziddan Baasith Mulyani, Cici Sri Naufal Nur Maulidi Neli Aida Paksi, Girindra Mega Peggywati, Velenza Riyanda Pranata S., Andika Nedya Purba, Agnes Sheryta Anastasya Putri, Naswa Berliana Rahmadani, Citra Rahmadhani, Kharisma Rahman, Ahmad Fauzi Raka Muhammad Ziddan Ristiana, Eka Prastya Rulita, Insyira Sabda Imani Rubiarko Salsabhila, Atira Sasongko Sasongko, Sasongko Setyo Tri Wahyudi Silvi Asna Prestianawati Suherman, Raihan Susanti, Ratna Puji Susilo . Suwandi, Bryan Zelig Thompson, Michael J. Van Indra Wiguna Wicaksono, Bagas Jiwanda