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Economic Factors Affecting Imports Per Capita in Indonesia: Empirical Evidence from the Error Correction Model Prawoto, Nano
Balance : Jurnal Akuntansi dan Manajemen Vol. 4 No. 1 (2025): April 2025
Publisher : Lembaga Riset Ilmiah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59086/jam.v4i1.611

Abstract

This study aims to analyze the influence of economic factors on the per capita import of goods and services in Indonesia, focusing on GDP per capita, consumption per capita, population, value added of the manufacturing sector, international trade taxes, and exchange rates. Using annual data from the World Development Indicator for the period 1989 to 2023, the analysis was carried out using the dynamic Error Correction Model (ECM). The results show that in the long run, imports per capita are significantly influenced by GDP per capita, consumption per capita, population, added value of the manufacturing sector, and international trade taxes. However, the exchange rate does not show a significant influence on imports per capita in Indonesia. In contrast, in the short term, changes in GDP per capita, consumption per capita, exchange rate, and the added value of the manufacturing sector have a significant influence on changes in imports, while population size and international trade taxes have no significant effect. These findings have important implications for Indonesia's economic policy, particularly in trade policy planning and management of the manufacturing sector, as well as for designing strategies to increase economic independence by considering factors affecting imports. The main contribution of this research is to provide empirical insights that can be used by policymakers in formulating more effective trade and economic development policies, as well as providing a basis for further research on the relationship between macroeconomic variables and imports
Macroeconomic Determinants of Per Capita Consumption in Indonesia: Evidence from 19902023 Using an ECM Framework Prawoto, Nano
Riwayat: Educational Journal of History and Humanities Vol 8, No 2 (2025): April
Publisher : Universitas Syiah Kuala

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24815/jr.v8i2.45505

Abstract

This study aims to examine the impact of GDP per capita, exchange rate (ER), and broad money (BM) on per capita consumption in Indonesia over the period 19902023. The data were obtained from the World Development Indicators (WDI), and the analysis was conducted using the Error Correction Model (ECM) to capture both short-term dynamics and long-term equilibrium relationships. The findings reveal that, in the long run, GDP per capita and exchange rate significantly influence per capita consumption, while broad money has no statistically significant effect. In the short run, only GDP per capita shows a significant impact. The error correction term (ECT) value of -0.490507 indicates a moderate speed of adjustment towards long-run equilibrium, suggesting that approximately 49% of the disequilibrium is corrected annually. This research contributes to empirical literature by providing updated evidence on macroeconomic determinants of household consumption in a developing country context, using a long-term dataset with rigorous econometric techniques. From a policy perspective, the findings underscore the importance of stable economic growth and prudent exchange rate management in sustaining household welfare through consumption. Policymakers should focus on maintaining macroeconomic stability, particularly through growth-enhancing and inflation-controlling measures, to ensure steady improvements in per capita consumption.
FACTORS AFFECTING PHYSICAL INVESTMENT IN ASEAN COUNTRIES Nano Prawoto
INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE Vol. 2 No. 2 (2024): February
Publisher : Adisam Publisher

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Abstract

This study aims to analyze the effect of economic growth, labor force, interest rate, tax revenue, trade, and industrial value added on gross fixed capital formation / PMTB in ASEAN countries with a panel data approach. The methodology used in this study is panel data regression with Fixed Effect Model approach. The data used in this study are from 2001 to 2021 in 5 ASEAN countries. The results of this study show that labor force, trade value and industrial value added have a positive influence on gross fixed capital formation, while economic growth, interest rate and tax revenue have a negative influence on gross fixed capital formation. The implication of this research is that ASEAN countries must increase the competitiveness of industrial products to increase capital inflow in the ASEAN Region.
Analysis of Determinants of Indonesian Nickel Exports Towards an Energy Sovereign Country Nano Prawoto
Jurnal Ekonomi Vol. 13 No. 02 (2024): Jurnal Ekonomi, Edition April - June 2024
Publisher : SEAN Institute

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Abstract

This research aims to analyze the determinants that influence Indonesian nickel exports.The determinants used in this research consist of internal factors of national Nickel production, Rupiah exchange rate against the Dollar, investment and external factors, total GNP of European countries, and total investment of European countries.This research uses the Vector Error Correction Model (VECM).The research results show that in the short term the Nickel production value variable has a negative effect, foreign investment from Europe has a positive effect, domestic investment has a negative effect, gross domestic product per capita from European countries has a positive effect, and the Rupiah exchange rate has a negative effect on Indonesian Nickel exports.Then, in the long term, the nickel production value variable has a positive influence, foreign investment from Europe has a positive influence, domestic investment has a negative influence, gross domestic product per capita from European countries has a negative influence, and the dollar exchange rate has a positive influence on Indonesian nickel exports.From the results of this research, it can be explained that national nickel production and foreign investment from Europe greatly contribute to the value of nickel exports in the long term.However, domestic investment in the mining sector has a negative impact, meaning that investment uses a lot of non-nickel or imported raw materials.The GDP per capita of European countries also has a negative effect, meaning that production from European industry is not completely dependent on Indonesian nickel raw materials.
Strengthening digital capacity and disaster safety for the Merapi slope tourism jeep community Prawoto, Nano; Nurjanah, Adhianty; Damarjati, Cahya
Community Empowerment Vol 10 No 10 (2025)
Publisher : Universitas Muhammadiyah Magelang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31603/ce.14852

Abstract

The Merapi slopes area in Sleman is a disaster-prone region that also serves as a potential destination for jeep tourism. The main challenges faced are a lack of digital promotion capacity and disaster preparedness. This community service aimed to enhance the economic independence and safety of the Merapi Jeep Community by strengthening digital promotion, implementing a Disaster Response Information System (SIMANTAB), and developing Safe Tourism SOPs. The implementation methods included socialization, training, technology application, and mentoring. Interventions encompassed digital marketing training, SIMANTAB integration, SOP development, and fulfillment of safety standards (SNI helmets). The program results showed a significant increase in partner understanding (averaging over 80%) in disaster mitigation and digital marketing aspects, as well as 88% success in developing Safe Tourism SOPs. This program impacted professionalism, tourist trust, and income potential. Program sustainability is ensured through the formation of a local master trainer team, establishing an effective collaborative model for sustainable tourism in disaster-prone areas.
Tourism receipts of intra-OIC countries: An empirical study of macroeconomic factors and technology adoption Munifatussaidah, Asma; Prawoto, Nano; Febriandika, Nur Rizqi
Jurnal Ekonomi & Studi Pembangunan Vol. 26 No. 2: October 2025
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v26i2.28772

Abstract

Tourism is one of the primary sources of income for many OIC countries and is becoming increasingly vital for economic growth. This study explores how macroeconomic factors, trade, inflation, exchange rates, and technology adoption relate to intra-OIC tourism receipts. It employs a quantitative approach to analyze 34 member countries of the Organization of Islamic Cooperation (OIC), selected through purposive sampling. The data are analyzed using panel data regression. Prior cross-country studies rarely focus specifically on intra-OIC tourism receipts and seldom examine macroeconomic and technology variables together. The results indicate that trade, the exchange rate, and information technology adoption each have a positive and significant impact on intra-OIC tourism receipts. Meanwhile, inflation has no impact on intra-OIC tourism revenues. This paper contributes to the literature by focusing specifically on intra-OIC tourism receipts and analyzing macroeconomic and technology variables. The findings suggest that adopting trade policies, managing exchange rates, and utilizing information technology can boost intra-OIC tourism receipts. Policies that promote intra-OIC trade and mobility—by improving connectivity, expanding e-visa access, accelerating digital adoption in payments and broadband, and maintaining exchange-rate stability—can help increase intra-OIC tourism receipts.
Forging Pathways to Success: Innovative Approaches to Private Higher Education in Central Java Andoko, Bhimo Widyo; Prawoto, Nano; Wahyuningsih, Sri Handari; Susilowati, Indah
Media Ekonomi dan Manajemen Vol 39, No 2 (2024): July 2024
Publisher : Fakultas Ekonomika dan Bisnis UNTAG Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56444/mem.v39i2.4801

Abstract

This research identifies leadership styles at private universities in Central Java, analyzes organizational culture, and formulates strategies for the success/survival of private universities. Primary data was obtained through in-depth interviews with 9 university leaders as informants, with stratified sampling based on excellent, excellent, and good accreditation categories. Semi-structured interviews focused on leadership approaches, organizational culture, success strategies, and challenges. The data were analyzed using ATLAS.TI with thematic analysis. The results show that private universities have characteristics, such as leadership styles, that form different organizational cultures. There are differences in higher education management strategies between accreditation categories, especially in strategic priorities according to institutional goals. Superiorly accredited universities tend to prioritize research excellence, international collaboration, and innovative academic programs. The implication is that understanding the relationship between leadership, organizational culture, and strategic priorities can help universities align these elements for optimal effectiveness in achieving success in the competitive environment of higher education.
Exploring the Interrelationship Between Economic Growth, Investment, and CO2 Emissions in Indonesia: A Time-Series Approach Nano Prawoto
Neo Journal of economy and social humanities Vol 4 No 1 (2025): Neo Journal of Economy and Social Humanities
Publisher : International Publisher (YAPENBI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56403/nejesh.v4i1.255

Abstract

This study aims to analyze the influence of economic growth, investment, industrial added value, trade value, and oil consumption on CO2 emissions in Indonesia in the period 1987-2019, before the COVID-19 pandemic. In addition, this study also considers the role of government policies in regulating carbon emissions and mitigating negative impacts on the environment. The method used in this study is the ECM (Error Correction Model) regression approach. The results show that in the long term, economic growth, industrial value-added, and oil consumption have a positive effect on increasing CO2 emissions in Indonesia, while investment (GFCF) and trade value have a negative effect on CO2 emissions. In the short term, industrial value added, and trade value have no significant effect on CO2 emissions, while economic growth and oil consumption encourage an increase in CO2 emissions. Investment (GFCF) contribute to the reduction of CO2 emissions. Indonesian government policies that focus on reducing carbon emissions through regulations that support renewable energy and energy efficiency, as well as controlling oil consumption, are expected to accelerate the transition to a low-carbon economy. The implication of these findings is that more assertive and integrated policies between the economic and environmental sectors are needed to effectively reduce CO2 emissions, while supporting economic growth and industrialization.