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Journal : Efficient: Indonesian Journal of Development Economics

The Effect of Regional Expenditure, Population Density, HDI, and Ict-Di Toward Environmental Performance Index of 34 Provinces in Indonesia Latifatul Muta’arofah; Fafurida
Efficient: Indonesian Journal of Development Economics Vol. 7 No. 1 (2024)
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/efficient.v7i1.4835

Abstract

This study aims to analyze the effect of Regional Expenditure, population density, HDI, and ICT-DI on the Environmental Performance Index of 34 provinces in Indonesia 2017-2021. The method of this study used panel data regression with Fixed Effects Model approach using Generalized Least Square. Cross sections of this study are 34 provinces in Indonesia with time series from 2017 to 2021 (5 years). Variables in this study consist of independent variables, such as Regional Expenditure, population density, HDI, and Information and Communication Technology Development Index (ICT-DI), and Environmental Performance Index as dependent variable. The results of this study indicate that all variables affect the Environmental Performance Index simultaneously. In partial effect, variables of Regional Expenditure and population density have negative and significant effect on the Environmental Performance Index. While HDI and ICT-DI partially have positive and significant effect on the Environmental Performance Index using significance level of 5%.
Monetary Instruments Against the Indonesian Sharia Stock Index: Moderation in Gross Domestic Product Fitrianingsih, Dwi; Fafurida
Efficient: Indonesian Journal of Development Economics Vol. 8 No. 3 (2025)
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/efficient.v8i3.29533

Abstract

The Indonesian Sharia Stock Index (ISSI) is an indicator that represents the price performance of all sharia-compliant stocks listed on the Indonesia Stock Exchange (IDX). Over the past three years, ISSI capitalization has experienced significant growth. However, this development is still influenced by the dynamics of external factors, particularly macroeconomic variables such as inflation, the IDR exchange rate, and the BI 7-Day Reverse Repo Rate (BI 7-Day RR). The purpose of this study is to analyze the effect of inflation, the IDR exchange rate, and the BI 7-Day RR on the ISSI and to examine the role of GDP in moderating this relationship. The study uses a quantitative associative approach with Indonesian time series data for the 2021–2023 period. Analysis techniques include classical assumption testing, multiple linear regression with a Moderated Regression Analysis (MRA) approach, and hypothesis testing. The results indicate that inflation has no significant effect on the ISSI. Conversely, the IDR exchange rate and the BI 7-Day RR were shown to have a significant effect on the ISSI. Other findings indicate that GDP strengthens the influence of the IDR exchange rate and the BI 7-Day RR on the ISSI, but does not moderate the relationship between inflation and the ISSI.
Co-Authors Ahmad Syaiful Amin Pujiati Anindya Ardiansari Anisa, Luthfiyana Nur Apriliani, Frida Asih Kuswardinah Audina Soma Dwi Witari Avi Budi Setiawan Avi Budi Setiawan Dafa Afif Pratama Dwi Rahmayani, Dwi Dyah Maya Nihayah Erlangga Rajid Erliz Nindi Pratiwi Evi Widowati Fauziah, Syiva Fikri, Muhammad Tsaaqibul Fikri, Muhammad Tsaaqibul Fikriya, Elkhana Fitrianingsih, Dwi Galuh Nita Prameswari Ganjar Wahyudihantoro, Ganjar Grace Natalia Marpaung, Grace Natalia Hanif, Luqman Hartini Hastu Rahma Anggraini, Hastu Rahma Himawan Arif Sutanto Izzatun Ni’mah, Izzatun Izzatun Ni’mah Izzuddin Furqony, Muhammad Izzuddin Furqony, Muhammad Karsinah Karsinah - Karsinah Karsinah Kusuma, Putri Patria Latifatul Muta’arofah Moch. Arifien, Moch. Mochammad Yusuf, Mochammad Muhammad Andi Hakim, Muhammad Andi Nurjannah Rahayu Kistanti Oktavilia , Shanty P. Eko Prasetyo P. Eko Prasetyo Pangestika, Maulida Dewi Panji Irawan Yogyadipratama, Panji Irawan Phany Ineke Putri, Phany Ineke Prakosa, Novian Hangga Prasetyo Ari Bowo, Prasetyo Ari Prasetyo, Farhan Hadi Pratama, Zanuar Zaki Putranto, Resta Giri Rahma Anggraini, Hastu Rahma Anggraini, Hastu Reikha Habibah Yusfi Resta Giri Putranto Retno Febriyastuti Widyawati Rini Setyo Witiastuti Ririn Bella Silvia Rusdarti - Shanty Oktavilia Silvia, Ririn Bella Solafide, Ervina Dwi Sucihatiningsih Dian Wisika Prajanti Sucihatiningsih DWP Sulvani, Putri Syiva Fauziah Tiyas Saris Wanti Tutik Tutik Ujang Sumarwan Vitradesie Noekent, Vitradesie Wanti, Tiyas Saris Yozi Aulia Rahman Yozi Aulia Rahman, Yozi Aulia Yunita Rhoman Maulany