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Unveiling the Carbon Footprint: Biomass vs. Geothermal Energy in Indonesia Idroes, Ghalieb Mutig; Syahnur, Sofyan; Majid, M. Shabri Abd; Idroes, Rinadi; Kusumo, Fitranto; Hardi, Irsan
Ekonomikalia Journal of Economics Vol. 1 No. 1 (2023): July 2023
Publisher : Heca Sentra Analitika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60084/eje.v1i1.47

Abstract

Global climate change, caused by greenhouse gases (GHGs) emissions, particularly carbon dioxide (CO2), has an enormous and unprecedented impact on our planet's ecosystem, development, and long-term sustainability. This study investigates the dynamic impact of biomass and geothermal energy on CO2 emissions in Indonesia from 2000 to 2020. Employing the Green Solow model with the approach of Fully-Modified Ordinary Least Squares (FMOLS), Dynamic Ordinary Least Squares (DOLS), Autoregressive Distributed Lag (ARDL) and Pairwise Granger causality test. The cointegration tests suggest the existence of a long-term equilibrium relationship between CO2 emissions, biomass, and geothermal energy. Empirical evidence reveals that although biomass and geothermal energy positively influence CO2 emissions, their overall impact is relatively low. This highlights the potential for these renewable energy sources to contribute to CO2 reduction and promote environmental sustainability. The Granger causality test confirms a causal relationship between CO2 emissions, biomass, and geothermal energy. Important policy recommendations for promoting sustainable energy practices in Indonesia involve investing in high-quality biomass and geothermal facilities to reduce emissions, implementing energy efficiency programs and fossil fuel conservation measures, and encouraging the use of electricity-based biomass and geothermal energy sources to reduce dependence on non-renewable fuels. These recommendations play a crucial role in achieving environmental and economic sustainability.
Provincial Real Economic Growth in Indonesia: Investigating Key Factors Through Spatial Analysis Muzzakar, Kahar; Syahnur, Sofyan; Abrar, Muhammad
Ekonomikalia Journal of Economics Vol. 1 No. 2 (2023): November 2023
Publisher : Heca Sentra Analitika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60084/eje.v1i2.66

Abstract

This study addresses the need to understand provincial real economic growth, as measured by gross regional domestic product (GRDP), by conducting a spatial analysis. The study focuses on the influential factors of physical investment, working labor force, social infrastructure relative to the head-count index of poverty, and human development index (HDI). Data from 34 provinces spanning eight years (2015-2022) were examined using geographically weighted panel regression with a fixed effect of provincial units and adaptive bisquare kernel function as spatial weights. The study identifies distinct spatial patterns in the variable impact on provincial real economic growth, forming groups based on influential factors. Physical investment and HDI significantly drive growth in most provinces. The working labor force strongly impacts Papua Island’s growth. Intriguingly, social infrastructure relative to the head-count index of poverty link to economic growth emerges in the central and eastern regions of Indonesia (Kalimantan, Sulawesi, Maluku, and Papua), highlighting its role in poverty reduction and inclusive growth. The findings highlight the importance of region-specific policies to optimize the potential of these variables and promote balanced economic growth across the province.
Analysis of the Influence of Investment and Labor on Poverty Levels Through the Growth of the Indonesian Manufacturing Industry Balqis, Riqah; Syahnur, Sofyan; Ernawati, Ernawati
Ekonomikalia Journal of Economics Vol. 2 No. 1 (2024): April 2024
Publisher : Heca Sentra Analitika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60084/eje.v2i1.134

Abstract

This study aims to eradicate poverty by utilizing the manufacturing industrial sector, which cannot be separated from the influence of investment value and labor absorption. The analysis methods used are multiple linear regression and Vector Autoregression (VAR). The study employs quarterly secondary data from 1999 to 2022. The results of the analysis show that labor and investment partially have a significant and positive effect on the growth of the manufacturing industry. Moreover, by using a bivariate causality test, this study proves the existence of a two-way causal relationship between the economic growth of the manufacturing industry and poverty. Additionally, the study also analyzed the response of the independent variable to the dependent variable using Impulse Response (IRF) and Variance Decomposition (VD). It can be concluded that the economic growth of the manufacturing industry responds negatively to poverty, and poverty responds negatively to the economic growth of the manufacturing industry until both reach a balance. The contribution made by each variable in forming the value of that variable is different from one another. The implementation of good governance is highly expected in efforts to eradicate poverty in Indonesia, one of which is through increasing the economic growth of the manufacturing industry and then creating useful programs to increase investment and employment.
Pengaruh Variabel Makroekonomi terhadap Utang Luar Negeri di Negara ASEAN-7 Abidin, Rafi Nur; Syahnur, Sofyan; Suriani, Suriani
Jurnal Samudra Ekonomi dan Bisnis Vol 13 No 2 (2022)
Publisher : Fakultas Ekonomi Universitas Samudra

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33059/jseb.v13i2.3984

Abstract

The purpose of this study is to analyze the effect of macroeconomic variables (economic growth, exchange rates, and inflation) on foreign debt in ASEAN-7 countries (Indonesia, Thailand, Vietnam, Philippines, Laos, Cambodia, and Myanmar) during the period 1996 to 2019 which using the Autoregressive Distributed Lag (ARDL) panel model. The results show that foreign debt in ASEAN-7 is positively and significantly affected by economic growth, exchange rates, and inflation in the long term, but not in the short term. Therefore, ASEAN-7 countries are expected to pay attention to increasing foreign debt, overcome by pragmatic macroeconomic policies, especially policies regarding exchange rates and inflation.
The Effect of Special Autonomy Fund Allocation for Education and Health on Human Development in Aceh Province, Indonesia Yulianti, Reka; Syahnur, Sofyan; Abrar, Muhammad; Srinita, Srinita
Grimsa Journal of Business and Economics Studies Vol. 1 No. 2 (2024): July 2024
Publisher : Graha Primera Saintifika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61975/gjbes.v1i2.36

Abstract

Aceh is one of the three provinces in Indonesia that receive special autonomy funds, which function as a stimulant to accelerate development. This study aims to analyze the effect of these funds in education and health on human development in Aceh Province. It uses secondary data obtained from Bappeda Aceh Province and the Statistics of Aceh Province. The type of data used is panel data, with the cross-section consisting of 23 districts/cities in Aceh Province and the time series spanning from 2011 to 2022. Panel data regression and Moderated Regression Analysis (MRA) methods were employed to analyze the data and achieve the research objectives. The findings of this study indicate that special autonomy funds for education have a significant positive effect on the Human Development Index (HDI), while special autonomy funds for health have a significant negative effect on HDI in Aceh Province. Additionally, economic growth does not moderate the effect of special autonomy funds in education and health on HDI in Aceh Province. It is recommended that the Aceh Provincial Government implement more intensive policies, such as monitoring and evaluating the progress of education and health programs, and involving community participation in these programs to achieve optimal targets.
The Impact of Foreign Direct Investment, Private Investment, Government Expenditure, and Labor on Economic Growth in Indonesia Annisa, Nur; Jamal, Abd; Syahnur, Sofyan
Grimsa Journal of Business and Economics Studies Vol. 2 No. 1 (2025): January 2025
Publisher : Graha Primera Saintifika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61975/gjbes.v2i1.39

Abstract

Sustainable economic growth is a key goal for every developing country, including Indonesia. In this context, several key factors have been identified as the main determinants influencing the pace of economic growth. This study investigates Indonesia’s economic growth in relation to foreign direct investment (FDI), private investment, government spending, and labor. The Autoregressive Distributed Lag (ARDL) method is applied to analyze time series data from 1986 to 2022. The results indicate that, in the long term, government spending has a positive and significant effect on economic growth in Indonesia, while labor has a negative effect. In the short term, FDI has a positive and significant impact on economic growth. Therefore, regulations and policies are needed in Indonesia regarding tax collection, currency stabilization, and the facilitation of permit acquisition, protection, and legal certainty.
Determinants of Unemployment in the Large and Medium Industrial Sector in Indonesia Abdurachman, Tarmizi Zulkifli; Syahnur, Sofyan; Syathi, Putri Bintusy
International Journal of Global Operations Research Vol. 2 No. 3 (2021): International Journal of Global Operations Research (IJGOR), August 2021
Publisher : iora

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47194/ijgor.v2i3.113

Abstract

As a country with the second-highest unemployment rate, Indonesian policymakers should worry about this condition. Based on the macroeconomic perspective, unemployment is affected by the firms' labour demand. It highlights that the firm's profit or loss highly determines the labour force demand. Using the Fixed Effect Model, this study results show that the labour force significantly affects industrial output, and the changes of industrial output highly increase the labour demand in the market. However, foreign and domestic capital neither significantly reduce unemployment rate in Indonesia nor stimulate the large and medium industries to absorb labour in the market. The Government should utilize foreign and domestic capital efficiently as possible to reduce unemployment rate.
The Role of Economic Growth in Moderating the Impact of Energy Consumption on Carbon Emissions in ASEAN-5 Sahputra, Krishna; Syahnur, Sofyan; Silvia, Vivi
Ekonomikalia Journal of Economics Vol. 3 No. 1 (2025): April 2025
Publisher : Heca Sentra Analitika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60084/eje.v3i1.242

Abstract

The ASEAN-5 countries (Indonesia, Malaysia, the Philippines, Singapore, and Thailand) have experienced rapid economic growth, leading to increased energy consumption and carbon emissions. While economic expansion initially increases emissions, it can also facilitate the adoption of cleaner energy sources. This study investigates the moderating role of economic growth in the impact of energy consumption on carbon emissions using panel data from 2001 to 2022. The Autoregressive Distributed Lag (ARDL) method was employed due to its capacity to analyze both short- and long-term relationships. The results from the ARDL analysis reveal that the consumption of non-renewable energy substantially elevates carbon emissions in both the short and long term. In contrast, the influence of renewable energy consumption on emissions is positive only in the long term. Additionally, non-renewable energy consumption exerts a positive effect on CO2 emissions, which is moderated by both economic growth and the square of economic growth. Conversely, renewable energy consumption contributes negatively to CO2 emissions, similarly moderated by economic growth and its square. These findings correspond with the Environmental Kuznets Curve (EKC) theory, which posits that emissions initially rise alongside economic development, only to subsequently decrease as economies shift towards more sustainable technologies. Therefore, policymakers are advised to implement robust environmental regulations, invest in renewable energy initiatives, and promote sustainable economic practices to achieve long-term carbon reduction goals. Moreover, governments should enforce stricter policies on fossil fuel consumption and raise public awareness of environmental preservation.
Economic Growth in Indonesia: The Influence of Fiscal Decentralization, Investment, Labor, and Human Development Index Maulana, Harist; Syahnur, Sofyan; Abrar, Muhammad
Grimsa Journal of Business and Economics Studies Vol. 2 No. 2 (2025): July 2025
Publisher : Graha Primera Saintifika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61975/gjbes.v2i2.75

Abstract

Economic growth is the main indicator of the success of a region's development. This study aims to analyze the effect of fiscal decentralization, investment, labor, and the Human Development Index (HDI) on economic growth in Indonesia. Fiscal decentralization is measured through the General Allocation Fund (DAU), Revenue Sharing Fund (DBH), and Special Allocation Fund (DAK), while investment is represented by Domestic Direct Investment (PMDN) and Foreign Direct Investment (PMA). The labor factor is measured based on the number of workers employed, while the HDI is used as an indicator of human resource quality. This study uses a quantitative approach, employing panel data regression with the Ordinary Least Squares method. Data were collected from 34 provinces in Indonesia from 2014 to 2023. The results of the study show that DAU, DBH, and DAK have a positive and significant effect on economic growth, indicating that fiscal transfers from the central government to the regions can encourage economic activity at the regional level. In addition, PMDN and PMA also have a significant positive impact on economic growth. However, labor does not show a significant effect on economic growth, indicating that the increase in the number of workers has not been accompanied by an increase in skills and work productivity. Meanwhile, the HDI has a positive and significant effect, confirming that improving the quality of education and health plays an important role in increasing labor productivity and economic growth. These findings emphasize the importance of optimizing fiscal policy, increasing the effectiveness of regional fund allocation, and workforce development and human development strategies to support sustainable economic growth in Indonesia.
The Moderating Effect of Female Labor Force Participation on Economic Growth in ASEAN Ammara, Tiya Rana; Syahnur, Sofyan; Srinita, Srinita
Ekonomikalia Journal of Economics Vol. 3 No. 2 (2025): October 2025
Publisher : Heca Sentra Analitika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60084/eje.v3i2.327

Abstract

Despite ASEAN’s rapid economic growth, persistent gender gaps in labor participation remained underexplored as determinants of regional development. This study aimed to analyze the effects of gross fixed capital formation, information and communication technology, human capital, labor, and female labor force participation on economic growth in eight ASEAN countries from 2000 to 2023. The Panel Autoregressive Distributed Lag (ARDL) method was employed. Additionally, this study examined the moderating effect of female labor force participation on labor's contribution to economic growth. The estimation results indicated that, in the long run, gross fixed capital formation positively affected economic growth, while information and communication technology and human capital showed positive and negative effects in different models. Labor had a negative and significant effect in the long run. The moderating effect of female labor force participation strengthened the impact of labor on economic growth. The findings of this study highlighted the importance of policies that enhanced human capital quality, developed workforce skills, increased digital literacy, and empowered women to promote sustainable economic growth in the ASEAN region.