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STUDY OF LITERATURE FINANCIAL TECHNOLOGY, BLOCKCHAIN AND ISLAMIC FINANCE Erwin SP, M.; Kresna Riady, Dwi; Shabri Abd. Majid, M.; Marliyah, Marliyah; Handayani, Rita
International Journal of Educational Review, Law And Social Sciences (IJERLAS) Vol. 2 No. 1 (2022): January
Publisher : RADJA PUBLIKA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/ijerlas.v2i1.129

Abstract

FinTech is a new term in the financial industry and its aim is to improve financial services through the use of technology.” Financial technology is one of the most widely used terms for research in the financial industry today. The future of Islamic finance especially Islamic FinTech is very good in Muslim countries. The development of mobile and smartphones has paved the way for FinTech growth in these countries. These opportunities are certainly not without challenges. The biggest challenge for Islamic FinTech companies is about regulation and the lack of good and authentic research in the Sharia Fintech sector. Islamic FinTech needs to keep pace with the rapid developments that occur in the conventional financial world, Islamic FinTech must maintain stability and must protect investors and institutions from fraudulent trading practices.
The Role of Social Protection Fiscal Policy in Supporting Indonesia’s Economic Recovery During the Covid-19 Pandemic: Evidence from a CGE Model handayani, Rita; C. Sugianto; J. Saputra
Journal of Sustainable Economics Vol. 3 No. (2) (2025): Journal of Sustainable Economics
Publisher : TALENTA PUBLISHER UNIVERSITAS SUMATERA UTARA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32734/jse.v3i(2).23503

Abstract

The Computable General Equilibrium model is used to build a general equilibrium model of the Indonesian economy, to see the effectiveness of the impact of fiscal policy on social protection during the Covid-19 Pandemic on economic growth and household group income for the 2019-2021 period. The PEP -1-1 model is used with the static version 2.0 in GAMS 23.5 software with social protection variables simulated as a shock to the model that has been built. The results explain that there is an impact and contribution of social protection to Indonesia's macroeconomic conditions and economic recovery and sustainable growth during the Covid-19 Pandemic and out of the crisis. The results of social protection fiscal policy carried out by the government were able to contribute to an increase in economic growth by 0.03 per cent. The results of fiscal policy on social protection provided by the Government also had an impact on increasing the highest level of income in the hhk6 household group, namely upper-class free entrepreneurs, non-agricultural entrepreneurs, managers, military, professionals, technicians, teachers, TU workers and upper-class sales, Urban) by 06 percent, while other household groups were only able to increase by 0.1 percent.
The implementation of energy subsidy reduction policy on the Indonesian economy performance Handayani, Rita; Juzilam, Siro; Daulay, Murni; Ruslan, Dede
International Journal of Financial, Accounting, and Management Vol. 1 No. 4 (2020): March
Publisher : Goodwood Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/ijfam.v1i4.154

Abstract

Abstract Purpose: This study aims to evaluate the impact of the implementation of the energy subsidy reduction policy conducted by the Government of Indonesia for the period 2015-2017. The author examines the application of the subsidy reduction policy and its impact on economic performance, specifically on economic growth; inflation rates, sectoral employment absorption, income levels and households group income distribution using the computable general equilibrium approach (CGE Model). Research Methodology: The study used data from the 2008 Social Economic Balance System (SNSE) published by the Indonesian Central Statistics Agency (BPS). Furthermore, it also built a balance of data base with the static version 1.1 PEP model, version 2.0 making the energy subsidy reduction policy a shock in the simulation model developed. Results: The author found that the application of policy to reduce energy subsidies has an impact on increasing economic growth, reducing inflation, increasing employment in the livestock, hospitality, land transportation and other service sectors. Limitation: The limitation of this study is the use of funding 2008. Contribution: The government as a stakeholder should provide the inclusive potential opportunity and considerable funds for research and development of new energy sources which will benefit of the future of nation's life.