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All Journal International Journal of Business, Humanities, Education and Social Sciences (IJBHES) Jurnal Ekonomi Perspectives on Advanced New Generations of Global and Local Economic Horizons
Rizki Ramadhani
Universitas Putra Bangsa
Humanities Economics, Econometrics & Finance Education Languange, Linguistic, Communication & Media Social Sciences

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The Effect of Local Taxes, Local Retribution, and Capital Expenditures on Local Own-Source Revenue: (Evidence from Bengkulu Regency) Ul Albab, Farah Nisa; Ramadhani, Rizki; Komariyah, Erna Fitri
Jurnal Internasional Bisnis, Humaniora, Pendidikan dan Ilmu Sosial Vol 2 No 2 (2020): International Journal of Business, Humanities, Education and Social Sciences
Publisher : Universitas Teknologi Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46923/ijbhes.v2i2.93

Abstract

This study examines the impact of local tax, local retribution, and capital expenditure on the local own-source revenue of the Bengkulu Regency from 2013 to 2017. This study utilizes the actual data of the actual local government budget from the Indonesian Audit Board. 50 data from 10 cities were sampled representing Bengkulu Regency. This study uses multiple regressions to examine the effect. The result shows that local tax and capital expenditure have a positive significant effect on Local Own-Source Revenue, while local retribution does not affect.
Does Flypaper Effect Really Exist? Evidence From Government Budget in East Indonesia Rizki Ramadhani; Farah Nisa Ul Albab; Aryan Danil Mirza. BR
Jurnal Internasional Bisnis, Humaniora, Pendidikan dan Ilmu Sosial Vol 4 No 2 (2022): International Journal of Business, Humanities, Education and Social Sciences
Publisher : Universitas Teknologi Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46923/ijbhes.v4i2.185

Abstract

Regional autonomy is one form of policy from the Indonesian central government to encourage independence from every existing local government, but at the same time, it also creates economic inequality. To make it balanced, the central government provides transfer funds for every local government that needs it. However, the dependence of the local government on the central government transfer funds has led to the phenomenon called the Flypaper Effect. This study aims to see the effect and the existence of a flypaper towards Local Own-Source Revenue (Pendapatan Asli Daerah), General Allocation Fund (Dana Alokasi Umum), Special Allocation Fund (Dana Alokasi Khusus), Revenue Sharing Fund (Dana Bagi Hasil) and Local Expenditure. This study relays on audited financial statements of local governments in 11 provincial governments located in Eastern Indonesia from 2012-2017. It uses E-views to test the hypothesis. The results show that only the Special Allocation Fund does not affect Local Expenditure. Furthermore, in Eastern Indonesia, there is an existing flypaper effect phenomenon. The regional autonomy policy implementation still needs to be improved. The central government needs to motivate the local government potencies to maximize their original revenue and consider for adjust the policy itself.
REGIONAL FINANCIAL MANAGEMENT AND INDEPENDENCE PROJECTION WITH THE ISSUANCE OF THE HKPD LAW Akhmad Syarifudin; Rizki Ramadhani
Jurnal Ekonomi Vol. 12 No. 01 (2023): Jurnal Ekonomi, 2023 Periode Januari - Maret
Publisher : SEAN Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

The achievements of fiscal decentralization over the past 20 years have shown positive performance, but the central fiscal synergy with the regions has not been optimal. The issuance of Law No.1/2022 concerning Central and Regional Financial Relations (HKPD) encourages creative and sustainable financing based on cooperation through the Funding Synergy scheme. This study aims to examine financial management and project Local Own Revenue (PAD) referring to the HKPD Law. Observation of statistical data using Regional Financial Reports and BPS. The least square method is used for forecasting and projection of PAD. The results of the analysis of district/city PAD during the Covid-19 period in 2020-2021 generally decreased, but PAD grew 5% exceeding the Balancing Fund which grew 2% during 2017-2021. The results of forecasting PAD nationally for 2024 referring to the HKPD Law show a positive trend with a steep slope so that the level of independence in general will increase in class, except for regions with a Regional Financial Independence Ratio (RKKD) of 0-18%; 25-38% and 50-63% estimated level of independence has not changed. The results of an empirical study in Kebumen, RKKD 21% (very low), decentralization 18% (poor category), effectiveness of PAD > 100% (effective), and local tax revenues and fees have a positive trend so that PAD will increase rapidly. To support the implementation of the HKPD Law, regional readiness is needed by encouraging the economy and investment, identifying tax options, extensifying the tax base, reducing administration and compliance costs and harmonization with other laws and regulations,
Assessing the Nexus Between Indonesia’s Government Bond Yields and Global Volatility Index (VIX) Sentiment Fahmi Sahlan; Diamond Limbonb; Fitriyani; Rizki Ramadhani; fithri suciati
Perspectives on Advanced New Generations of Global and Local Economic Horizons Vol. 1 No. 3 (2025): November, 2025
Publisher : CV. Get Press Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69855/panggaleh.v1i3.301

Abstract

This study rigorously assesses the intricate long-run and short-run nexus between Indonesia's 10-year government bond yields and the Global Volatility Index (VIX) sentiment, using high-frequency daily data spanning the turbulent 2019–2023 period. Employing the flexible Autoregressive Distributed Lag (ARDL) model, we simultaneously analyze the impact of global volatility alongside crucial domestic macro-financial factors, namely the Bank Indonesia benchmark interest rate and the USD/IDR exchange rate. The results firmly establish a significant long-run cointegrating relationship, demonstrating that persistently elevated VIX levels positively and structurally correlate with increased bond yields, quantitatively confirming the demand for a higher sovereign risk premium by international investors during times of global uncertainty. The analysis also confirms the dominant influence of domestic factors, particularly the strong monetary policy transmission through interest rates. Crucially, the Error Correction Mechanism (ECM) reveals a rapid adjustment speed (????day), signifying the high responsiveness and efficiency of the market in incorporating both global and domestic shocks. These robust findings emphasize the critical necessity for policymakers and investors in emerging markets to systematically integrate VIX as a key macroprudential indicator into resilient sovereign debt management and strategic investment allocation frameworks.
The Relationship Between Financial Management, Marketing, and Human Resources with the Competitiveness Of MSME Fidyah Arini Kusuma Wardhani; Supriyadi; Devi Maya Sofa; Rizki Ramadhani; Kusman Paluala
Perspectives on Advanced New Generations of Global and Local Economic Horizons Vol. 1 No. 1 (2025): March, 2025
Publisher : CV. Get Press Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69855/panggaleh.v1i1.384

Abstract

Increasingly fierce competition in Pasar Raya Padang poses significant challenges for Micro, Small, and Medium Enterprises (MSME) in maintaining their market position. Many MSME face obstacles related to financial management, marketing strategies, and Human Resource (HR) management, which can hinder business growth and long-term sustainability. This study aims to analyze the relationship between financial management, marketing, and human resources with the competitiveness of MSME in Pasar Raya Padang. The research employed a quantitative method with a survey approach involving 50 purposively selected MSME owners. Data were analyzed using the Chi-Square test to determine the significance of the relationship among variables. The results showed that financial management, marketing, and HR have a significant relationship with MSME competitiveness. The Chi-Square test revealed p-values of 0.002 for financial management, 0.010 for marketing, and 0.030 for HR, all below 0.05, indicating statistically significant effects. MSME with better financial management, more planned marketing strategies, and more effective HR practices tend to demonstrate higher competitiveness. In conclusion, strengthening financial management, marketing, and HR is crucial for enhancing MSME competitiveness in Pasar Raya Padang. The study implies the importance of providing intensive training and mentoring programs to support MSME capacity building.
Co-Authors Akhmad Syarifudin Aryan Danil Mirza. BR Devi Maya Sofa Diamond Limbonb Erna Fitri Komariyah Fahmi Sahlan Farah Nisa Ul Albab Fidyah Arini Kusuma Wardhani fithri suciati Fitriyani Kusman Paluala Supriyadi Ul Albab, Farah Nisa