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Journal : Economics and Business Journal

The Influence of Federal Funds Rate Volatility Before and During The Covid-19 Pandemic on Economic Stability in Asean Countries Sidha Belanandra Radise; Etty Soesilowati; Agung Haryono
Economics and Business Journal (ECBIS) Vol. 1 No. 4 (2023): May
Publisher : PT. Maju Malaqbi Makkarana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47353/ecbis.v1i4.39

Abstract

The purpose of this study is to analyze the effect of the Federal Funds Rate before and during the Covid-19 pandemic on economic stability in five developing countries in the Southeast Asian region which are members of an economic and geopolitical organization, namely the Association of Southeast Nations (ASEAN) to see short-term relationships. and long-term during that period. The indicators of economic stability used are the benchmark interest rate for deposits, the reference interest rate for loans, the balance of payments which includes exports and imports, inflation, exchange rates, and the money supply. In this study, the method used was the quantitative method and the data obtained was secondary data sourced from International Financial Statistics (IFS) from January 2015 to December 2022 which used the Vector Error Correction Model (VECM) approach in the Eviews 9 application. The results found indicated that in the long run, the existence of FFR volatility has a positive effect on the Deposit and Export Reference Rates. While those that have a negative effect are Loan Reference Rates, Imports, Exchange Rate Inflation, and Money Supply. In the short term, the existence of the FFR interest rate has a positive effect on the Reference Rates for Deposits, Imports, and Inflation. While those that have a negative effect are Loan Reference Rates, Exports, Exchange Rates, and Money Supply
Corruption Perception Index as a Moderating Variable in the Relationship between Village Funds, Local Revenue, Technology Adoption, and Village Independence in Indonesia Sudarman; Soesilowati, Etty; Sumanto, Agus
Economics and Business Journal (ECBIS) Vol. 4 No. 4 (2026): May
Publisher : PT. Maju Malaqbi Makkarana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47353/ecbis.v4i4.327

Abstract

This study aims to analyze the role of corruption in moderating the influence of Village Funds, Local Own-Source Revenue (PAD), and technology represented by the Electronic-Based Government System (SPBE) index on the number of independent villages in Indonesia from 2023 to 2024. The research was conducted in 34 provinces in Indonesia, except for the provinces of DKI Jakarta, Central Papua, South Papua, and Papua Pegunungan. The study used a panel data regression model with a Fixed Effect Model approach. The results of the study show that: First, Village Funds have a positive and significant effect on increasing the number of independent villages; Second, PAD does not have a significant effect on the number of independent villages, indicating that fiscal independence of villages in Indonesia is still relatively low. Most villages still depend on transfers from the central government; Third, technology, represented by the SPBE index, has a positive and significant effect on the number of independent villages; Fourth, the moderating effect of corruption shows diverse dynamics. Corruption negatively moderates the relationship between Village Funds and independent villages, but conversely positively moderates the relationship between PAD and independent villages. Fifth, the interaction between SPBE and corruption is not proven to be significant, suggesting that the success of digitization in promoting village independence is determined more by the readiness of the technological ecosystem than solely by low levels of corruption.
Co-Authors - Jumaeri Abd. Rasyid Syamsuri Abda Abda Abdul Azis Abdulloh Abdulloh Adhim, Assafrul Ali Adhim, Assafrul Ali Adinda, Itroh Agung Haryono Agung Yudhi Pramono Agung Yudhi Pramono, Agung Yudhi Agus Sumanto Agus Wahyudin Alifia Azzahrah Amin Pujiati Andi Basuki Andryan Setyadharma Anik Rahmawati, Anik Anita Widyawati Aryan Eka Prastya Nugraha, Aryan Eka Prastya Assafrul Ali Adhim Avi Budi Setiawan Avi Budi Setiawan Ayu, Lely Kusumaning Azizah, Puspa Dewi Baiq Diyah Rumingsih, Baiq Diyah Bambang Priyono Binta Zulfia Budi Eko Soetjipto Cahyo Budi Utomo, Cahyo Cassandra Permata Nusa Chatarina Umbul Wahyuni Christy Elisha, Lempira Delu Damelia Delu Damelia, Delu Dewi Ayu Sakdiyyah Dewi Liesnoor Setyowati Dhita Prasisca Mutiatari Djoko Widodo Dyah Maya Nihayah Dyah Rini Indriyanti Efriyani Sumastuti Efryani Sumastuti Eko Handoyo Emi Anwarul Prastiwi, Emi Anwarul Erni Suryandari, Erni Etty Puji Lestari Eva Banowati Evi Susanti Fahrur Rozi Farida Rahmawati Fathur Rokhman Fitri Nurhayati Gias Agrianto Gita Yuliantina Parameswari Grace Natalia Marpaung Grace Natalia Marpaung, Grace Natalia Handayani, Trisna Handoyo, Puji Handayati Haryono Haryono Hasan Adi Nugraha Hidayatun, Hidayatun Hidayatun, Hidayatun Hikmah Tri Prihatini Hikmah Tri Prihatini I Wayan Bayu Wiarta Inayati Nuraini Dwiputri Indri Rahmawati Isti Hidayah Karmelia Ardhyanti Nor Fauzin Khaironi, Khaironi Kusuma, Nova Indra Latisha Sarah Lita Latiana Lustina Fajar Prastiwi M. Alfian Mizar M. Aliyuddin Maeriyana, Maeriyana Maeriyana, Maeriyana Magistyo Purboyo Priambodo Mahmud Yunus Makbuludin Makbuludin, Makbuludin Maman Rachman Margunani, Margunani MARIA BINTANG Markhamah, Siti Melati, Inaya Sari Mohamad Kohirudin Muh Fakhrihun Na'am Muhammad Aris Ichwanto Musino, Musino Musino, Musino Na:am, Muh Fakhrihun Nadhirin, Nadhirin Nafisa, Rizki Nana Kariada Trimartuti Nana Kariada.TM Nasikh Noffik Ermawati, Noffik Novirin, Barli Novita Rahmawati, Novita Nur Chayyi, Nur Nurinda, Mei Sulfia NURLAELA NURLAELA Octavianti Paramita P. Eko Prasetyo Pangestu, Yustiko Arvan Gilang Parameswari, Gita Yuliantina Parameswari, Gita Yuliantina Phany Ineke Putri Phany Inneke Putri Priyanto, Agustinus Sugeng Puji Handayati Qurrata, Vika Annisa Ratna Dwi Nastiti Renny Dwijayanti Retno Budi Wahyuni Rinda, Rinda Herdiyani Rizki Nafisa Rusdarti - Rusiyanto Rusiyanto, Rusiyanto S.Pd. M Kes I Ketut Sudiana . Satya Budi Nugraha Sidha Belanandra Radise Siti Ismuzaroh Siti Mas’ula Slamet Fauzan Sucihatiningsih Dian Wisika Prajanti Sudarman Sugeng Hadi Utomo Sumihudiningsih, Yekti Syaiful Amri Tania Wicaksana Thomas Sosecco Thomas Soseco Thomas Soseco Thriwaty Arsal Tjaturahono Budi Sanjoto Tjetjep Rohendi Rohidi, Tjetjep Rohendi Tri Atmaja, Hamdan Tri Joko Raharjo Tri Wahyu Hardaningrum Turuallo, Nelly Wahid Akhsin Budi Nur Sidiq, Wahid Akhsin Budi Nur Wahyuningrum, Febrianti Wicaksana, Tania Widiyanto . Widiyanto Widiyanto Widiyanto Widiyanto Yozi Aulia Rahman Yozi Aulia Rahman, Yozi Aulia Yudhi Pramono, Agung Yudhi Pramono, Agung Yustiko Arvan Gilang Pangestu Zulfia, Binta