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All Journal Signifikan : Jurnal Ilmu Ekonomi JURNAL DINAMIKA EKONOMI PEMBANGUNAN Media Ekonomi dan Manajemen
Badara Shofi Dana, Badara Shofi
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Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Industrial & Manufacturing Engineering

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Monetary and Fiscal Policy on Inflation in Indonesia: Threshold Vector Autoregression Approach Yuliati, Lilis; Dana, Badara Shofi; Musaiyaroh, Ati
Media Ekonomi dan Manajemen Vol 40, No 1 (2025): January 2025
Publisher : Fakultas Ekonomika dan Bisnis UNTAG Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56444/mem.v40i1.5014

Abstract

The combination of monetary and fiscal policies is used to stabilize prices in Indonesia. The purpose of this study is to analyse the role of monetary and fiscal policies in stabilizing prices in Indonesia through the threshold concept. The data used is time series (2013Q1-2023Q2) with the Threshold Vector Autoregression method. The results show that the interest rate and budget thresholds can affect inflation stability. Other variables, such as the exchange rate, output gap, and FFR, have varying effects depending on the threshold. Thus, combining adjustments in monetary and fiscal policies and understanding the impact of inflation at various policymakers can better manage economic growth and maintain price stability in the long term.
Government’s Role in Enhancing Economic InclusionThrough Digital Infrastructure Equity in Indonesia Himmati, Risdiana; Dana, Badara Shofi; Wati, Aprilia Eka Fajar
Signifikan: Jurnal Ilmu Ekonomi Vol. 14 No. 2 (2025)
Publisher : Faculty of Economic and Business, Universitas Islam Negeri Syarif Hidayatullah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/sjie.v14i2.45574

Abstract

Research Originality: This research is original in its examination of the equitable distribution of digital infrastructure in enhancing economic inclusion in Indonesia, employing a fixed effect model and quantile regression approach. Research Objectives: This study investigates the impact of the equitable distribution of digital infrastructure on enhancing economic inclusion in Indonesia. Research Methods: This study employs a fixed effect model and quantile regression, analyzing data from 34 provinces between 2019 and 2023. Key variables include internet access, internet speed, the number of Base Transceiver Stations (BTS), and digital literacy. Empirical Results: The findings reveal that internet access and internet speed have a positive and significant impact on digital financial inclusion, whereas the number of BTS and digital literacy exhibit no significant effect. The impact of digital infrastructure varies across regions, with areas exhibiting lower financial inclusion requiring greater infrastructure optimization compared to those with higher inclusion levels. Implications: The results imply that digital infrastructure development plays a critical role in promoting equitable financial inclusion. Consequently, policymakers are urged to prioritize and accelerate the expansion of digital infrastructure, particularly in regions lagging behind, to reduce financial exclusion and foster inclusive economic development at the national level. JEL Classification: O33, O10, G28, C23, C21 How to cite: Himmati, R., Dana, B. S., & Wati, A. E. F. (2025). Government’s Role in Enhancing Economic Inclusion Through Digital Infrastructure Equity in Indonesia. Signifikan: Jurnal Ilmu Ekonomi, 14(2), 291-302. https://doi.org/10.15408/sjie.v14i2.45574.
Halal Trust Score sebagai Inovasi Penilaian Pembiayaan Syariah: Sebuah Prototipe pada Halal Value Chain berbasis Blockchain Pradananta, Galih; Dana, Badara Shofi
Jurnal Dinamika Ekonomi Pembangunan Vol 8 (2025): Special Issue: Call for Paper Pusaka Jateng
Publisher : Fakultas Ekonomika dan Bisnis, Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/jdep.8.0.355-372

Abstract

The global halal industry is undergoing a paradigm shift from voluntary compliance to mandatory state-enforced assurance, particularly in Indonesia, where the halal food sector is a critical pillar of the national economy. However, the current halal certification regime remains predominantly product-centric and relies on static, document-based verification. This creates a significant information asymmetry for Islamic Financial Institutions (IFIs) when assessing the creditworthiness and Sharia compliance of Micro, Small, and Medium Enterprises (MSMEs). This research proposes the "Halal Trust Score," a novel digital artifact and credit risk metric derived from a blockchain-based traceability system. Adopting the Design Science Research Methodology (DSRM), we architected and prototyped a permissioned blockchain network using Hyperledger Fabric. The system digitizes the halal value chain, from the Slaughterhouse (RPH) to the final retailer, capturing real-time behavioral data through QR code interactions. A bespoke smart contract algorithm aggregates this data into a dynamic Trust Score based on four weighted indicators: Certificate Activity (20%), Input Scan Frequency (30%), Output Publication Frequency (30%), and Chain Interaction Velocity (20%). Simulation results demonstrate that this scoring mechanism effectively translates qualitative supply chain behaviors into quantitative financial metrics, serving as a reliable proxy for the "Character" and "Capacity" elements of credit risk. By reducing information opacity, the Halal Trust Score not only facilitates more efficient, data-driven financing decisions for IFIs but also creates a mimetic and normative institutional pressure for MSMEs to maintain high integrity standards. This study contributes to the literature on Islamic Fintech by providing a validated framework for integrating real-sector behavioral data into monetary-sector risk assessment.
Co-Authors Ati Musaiyaroh, Ati Himmati, Risdiana Lilis Yuliati Pradananta, Galih Wati, Aprilia Eka Fajar