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THE EFFECT OF DEMOGRAPHIC BONUS, HEALTH AND PHYSICAL CAPITAL ON ECONOMIC GROWTH IN INDONESIA Arsyaf Tampubolon; Suwandy Purba
Jurnal Ekonomi Vol. 11 No. 02 (2022): Jurnal Ekonomi, Periode September 2022
Publisher : SEAN Institute

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Abstract

This study aims to analyze the effect of demographic bonuses, health and physical capital on economic growth in several provinces of Indonesia. Using panel data for the period 2010 to 2019. The study uses panel data regression analysis of fixed effect models. The results showed that the level of health had a positive effect on economic growth in the provinces located on the islands of Sumatra and Sulawesi, Indonesia. Meanwhile, other factors from the demographic bonus and physical capital have not had an effect on economic growth in the provinces of Sumatra Island and Sulawesi Island, Indonesia.
Pengaruh Leverage, Efisiensi, Dan Ekonomi Makro Terhadap Kebijakan Deviden Perusahaan Listing Sri-Kehati Indeks Kevin Bambang Setiawan; Andreas Fourtunando Simanjuntak; Putri Br Sibarani; Dwita Sakunta; Arsyaf Tampubolon
Journal of Economic, Bussines and Accounting (COSTING) Vol 7 No 1 (2023): COSTING : Journal of Economic, Bussines and Accounting
Publisher : Institut Penelitian Matematika, Komputer, Keperawatan, Pendidikan dan Ekonomi (IPM2KPE)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31539/costing.v7i1.6642

Abstract

This study aims to analyze the factors that influence dividend policy, namely leverage, efficiency and macroeconomics in 20 companies that carry the green concept (SRI) listed on the Indonesia Stock Exchange for the 2017-2021 period. The sampling technique in this study was purposive sampling method and 100 samples were obtained. The analytical method used is multiple linear regression analysis. The results of this study indicate that efficiency has an effect on dividend policy, while leverage and macroeconomic factors have no effect on dividend policy. Keywords: Leverage, Efficiency, Macroeconomics and Dividend Policy
The influence of self-efficacy and financial literacy on entrepreneurship intention in Medan city Fransisca Gozelia Boelova; Christine Junita; Kelvin Kosasih; Dwita Sakuntala; Arsyaf Tampubolon
Jurnal Mantik Vol. 7 No. 2 (2023): Agustus: Manajemen, Teknologi Informatika dan Komunikasi (Mantik)
Publisher : Institute of Computer Science (IOCS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/mantik.v7i2.3838

Abstract

This study aims to provide empirical evidence regarding the effect of self-efficacy and financial literacy on entrepreneurial intentions of entrepreneurs in the city of Medan by testing each variable. The population in this study are all entrepreneurs in Indonesia whose number is not known with certainty and the sample is 384 people. The research method used is multiple linear regression analysis. The results of the calculation of partial hypothesis testing obtained the self-efficacy variable obtained a value of tcount < ttable or -0.601 < 0.05 and a significant obtained 0.548 > 0.05 and financial literacy obtained a value of tcount > ttable or 16.043 > 0.05 and a significant obtained 0.000 < 0.05. So, the self-efficacy variable has no effect on the entrepreneurial intentions of entrepreneurs in the city of Medan and financial literacy has a positive and significant effect on the entrepreneurial intentions of entrepreneurs in Indonesia. Results The calculation results of simultaneous hypothesis testing obtained the value of Fcount (213.628) > Ftable (3.019) with a significance level of 0.000 <0.05. So simultaneously, the variables of self-efficacy and financial literacy have a positive and significant effect on the entrepreneurial intentions of entrepreneurs in Indonesia. The results of the test for the coefficient of determination obtained an R Square value of 0.526. This shows that 52.6% of the variables of self-efficacy (X1) and financial literacy (X2) are able to explain the entrepreneurial intention variable (Y) of entrepreneurs in the city of Medan, the remaining 47.4% are influenced by other variables not examined in this study such as personal financial management, knowledge entrepreneurship, and so on. In summary, the research findings indicate that self-efficacy does not have a significant impact on the entrepreneurial intentions of entrepreneurs in the city of Medan, Indonesia
MACROECONOMIC UNCERTAINTY AND GREEN STOCK MARKET ON ECONOMIC GROWTH IN INDONESIA Arsyaf Tampubolon; Eka Martyna Theodora; Anggiat Sinaga; Dwita Sakuntala
Jurnal Ekonomi Vol. 12 No. 04 (2023): Jurnal Ekonomi, 2023
Publisher : SEAN Institute

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Abstract

This study was conducted to be able to analyze factors that can affect economic growth in Indonesia. The dependent variable used in this study is economic growth and the dependent variables are BI policy rates, FED policy rates, world oil, exchange rates and green stock markets. The research was conducted in Indonesia with the data taken is the period from 2010 to 2022. The data source used is secondary data by taking data from the Indonesian Central Bureau of Statistics, and Bank Indonesia. Data analysis uses the help of e-views software by conducting multiple regression analysis tests. The results of this study apparently prove that the variables of BI policy rates, FED policy rates and exchange rates affect economic growth in Indonesia, while world oil, and the green stock market have no effect on economic growth in Indonesia.
DAMPAK KURS, INFLASI DAN SUKU BUNGA PADA EKSPOR NON-MIGAS INDONESIA KE ASEAN TAMPUBOLON, ARSYAF
Jurnal Ekonomi Bisnis Manajemen Prima Vol. 6 No. 1 (2024): Jurnal Ekonomi Bisnis Manajemen Prima
Publisher : JEBIM Prima

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34012/jebim.v6i1.5391

Abstract

This study was conducted to analyze the factors that can affect the growth of Indonesia's non-oil and gas exports to ASEAN countries. The dependent variable used in this study is non-oil and gas exports and the dependent variables are the dollar exchange rate, inflation rate and BI interest rate. The research was conducted in Indonesia with the data taken is the period from 2010 to 2023. The data source used is secondary data sourced from the Indonesian Central Bureau of Statistics, and Bank Indonesia. Data analysis uses the help of e-views software by conducting multiple regression analysis tests. The results of this study apparently prove that the variables of dollar exchange rate, inflation and BI interest rate affect Indonesia's non-oil and gas exports to ASEAN countries..
ANALYSIS OF THE ACCOUNTING SYSTEM FOR CASH RECEIPTS AT THE FORMER PERTAMINA WORK COOPERATIVE (PURNAMA) MEDAN BRANCH Rayhan Ananda; Debora Tambunan; Arsyaf Tampubolon; Dewi Rafiah Pakpahan; Dompak Pasaribu; Frans Gideon Sinuhaji
International Conference on Health Science, Green Economics, Educational Review and Technology Vol. 5 No. 1: IHERT (2023) FIRST ISSUE: International Conference on Health Science, Green Economics,
Publisher : Universitas Efarina

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/ihert.v5i1.426

Abstract

This study aims to determine the application of the accounting system for cash receipts on the sale of 3Kg LPG gas at the Medan branch of the purna karya pertamina cooperative. Data collection methods used in this research are observation, documentation, interviews. Cash is the most liquid asset that a company can have because cash is a type of current asset where every company transaction both inside and outside the company can affect cash. This research was conducted by obtaining qualitative data. Qualitative data in this study was obtained by conducting direct research to the leadership of Pertamina Purna Karya Cooperative Medan Branch. Purna Karya Pertamina Cooperative has several types of cash receipts, namely Cash Receipts from LPG Gas Sales and Cash Receipts from Transfer Fees. The results of this study indicate that the accounting system for cash receipts at the purna karya pertamina cooperative for the sale of LPG gas can provide accurate related information.
The Perspective of Quranic Interpretation of Surah An-Nisa on Inheritance Practices in Indonesia Tampubolon, Arsyaf; Tarigan, Azhari Akmal; Syahriza, Rahmi
Jurnal Sosial, Politik dan Budaya (SOSPOLBUD) Vol. 4 No. 1 (2025): January 2025
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/sospolbud.v4i1.13538

Abstract

This study explores the Quranic interpretation of Surah An-Nisa, verses 11 and 12, regarding inheritance practices in Indonesia, focusing on justice and gender equality. These verses set rules for inheritance distribution that differentiate male and female heirs, aiming for a balance of rights and responsibilities. However, customary laws in some Indonesian communities often conflict with these rules, hindering women's inheritance rights and causing tension between local customs and Islamic principles. Using a qualitative, library-based approach, this study analyzes how understanding these verses can promote fair and equitable inheritance laws, fostering a more inclusive and socially responsive system in the modern era.
The Impact Of Exchange Rate, Inflation And Interest Rates On Indonesian Mining Product Exports Arsyaf Tampubolon; Amin Hou; Dwita Sakuntala
Jurnal Ekonomi Vol. 13 No. 03 (2024): Jurnal Ekonomi, Edition July -September 2024
Publisher : SEAN Institute

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Abstract

Exports of mining products generate substantial state revenue through export duties and taxes. This income can be used to finance national development in various fields such as infrastructure, education and health. Apart from that, mining products contribute to strengthening Indonesia's foreign exchange reserves, which in turn helps maintain macroeconomic stability. This research was conducted to analyze factors that could influence the growth of exports of Indonesian mining products. The dependent variable used in this research is the value of mining exports and the dependent variables are the dollar exchange rate, inflation rate and interest rates. The research was conducted in Indonesia with data taken for the period from 2010 to 2023. The data sources used were secondary data obtained from the Indonesian Central Bureau of Statistics and Bank Indonesia. Data analysis uses the help of e-views software by carrying out multiple regression analysis tests. The results of this research prove that inflation and interest rate variables influence exports of Indonesian mining products. The exchange rate has no effect on exports of mining products in Indonesia.
From Stability To Volatility: The Asymmetric Effects Of Macroeconomic Factors On Indonesia's Sustainable Stocks Sakuntala, Dwita; Theodora, Eka Martyna; Hou , Amin; Tampubolon, Arsyaf
Jurnal Ekonomi Vol. 13 No. 04 (2024): Edition October -December 2024
Publisher : SEAN Institute

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Abstract

SRI and Sharia stocks in Indonesia are part of the green assets that have outperformed other stocks. However, they are also volatile and vulnerable to shocks. This study examines the asymmetric effects of macroeconomic uncertainty-specifically domestic interest rates, global uncertainty, and domestic exchange rates-together with environmental degradation factors on the SRI and Sharia stock markets in Indonesia. The findings show that exchange rate asymmetry significantly impacts the SRI and Shariah stock markets, as evidenced by the sizable coefficients. In the SRI stock market, positive exchange rate shocks are found to have a negative impact in both the short and long run. In contrast, in the Islamic stock market, the effect of positive exchange rate shocks is only seen in the short run. This evidence suggests that an increase in positive exchange rate shocks will lead to a decline in both the SRI and Islamic stock markets. When the domestic exchange rate appreciates, Indonesian exports become more expensive in the international market, thus reducing the competitiveness of firms in export-dependent markets, which then affects their stock prices. Moreover, in the long run, negative shocks related to global uncertainty negatively impact the Islamic stock market. This finding indicates that when the global economic environment deteriorates and overseas investments are perceived as risky, domestic investors-especially those who are risk averse-tend to shift their investments to domestic Islamic assets, which they perceive as more reliable.
Optimizing Sumatera Utara’s Economic Growth through a Maqashid Sharia Approach to Unemployment, Human Development Index Putra , Muhammad Umar Maya; Marpaung, Muslim; Rahmanta, Rahmanta; Tampubolon, Arsyaf; Lestari, Dwi Vita; Soehardi, Soehardi
Jurnal Ekonomi Lembaga Layanan Pendidikan Tinggi Wilayah I Vol. 5 No. 1 (2025): Articles Research May 2025
Publisher : LLDIKTI Wilayah 1 Sumatera Utara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54076/juket.v5i1.579

Abstract

Poverty, unemployment, and human development are closely intertwined and remain persistent challenges in Indonesia, particularly in the wake of the COVID-19 pandemic. This study investigates the influence of unemployment, economic growth, and the Human Development Index (HDI) on poverty in Indonesia over the period 2013–2024, using 48 quarterly observations sourced from Statistics Indonesia (BPS). Anchored in Islamic economic thought, the analysis incorporates the concept of maslahah. The pursuit of public benefit and welfare as a normative foundation for development. A quantitative method is employed using the Error Correction Model (ECM), which enables the examination of both short-term fluctuations and long-term relationships among variables. The results show that, in the short term, rising unemployment significantly exacerbates poverty, while in the long term, improvements in economic growth and HDI are effective in alleviating poverty levels. These findings highlight the need for integrated and sustained efforts to enhance human capital, generate employment, and ensure inclusive economic progress. Policy frameworks inspired by maslahah can help ensure that anti-poverty strategies are not only economically effective but also ethically grounded, thereby supporting the broader objectives of the Sustainable Development Goals (SDGs).