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All Journal ETIKONOMI EkBis: Jurnal Ekonomi dan Bisnis Abdi Masyarakat Jurnal Ilmu Ekonomi Business Management
Muhammad Budi Utama
Unknown Affiliation
Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Energy Social Sciences Other

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Increasing Income Inequality Through Globalization And Financialization: Evidence From OECD Countries Muhammad Budi Utama; Miftakhul Choiti
Jurnal Ilmu Ekonomi JIE Vol. 8 No. 03 (2024): Jurnal Ilmu Ekonomi
Publisher : Program Studi Ekonomi Pembangunan Universitas Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jie.v8i03.34252

Abstract

Globalization, financialization, and digital technology are expected to help economic sectors run more effectively so that they can be distributed to a country's people, which will reduce inequality. However, this is not the case in some countries, where globalization, financialization, and digital technology can worsen income inequality. Therefore, this study aims to see how far globalization and financialization can reduce income inequality by adding the effect of digital technology. This study was conducted in 10 OECD countries for 12 years, starting from 2010-2021, and was processed using the Eviews statistical tool. The results show that globalization worsens income inequality in OECD countries, financialization can reduce income inequality, and digital technology impacts income inequality in OECD countries.
Examining the Determinants of Ecological Footprint in ASEAN-5 Countries Ashari, Nesha Rizky; Utama, Muhammad Budi; W., Irwan
EkBis: Jurnal Ekonomi dan Bisnis Vol. 8 No. 2 (2024): EkBis: Jurnal Ekonomi dan Bisnis
Publisher : Fakultas Ekonomi dan Bisnis Islam, UIN Sunan Kalijaga Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/EkBis.2024.8.2.2337

Abstract

This study focuses on the ecological footprint as a crucial indicator for assessing the environmental impact of human activities, particularly in the manufacturing sector, household consumption, and agriculture in five ASEAN countries (Indonesia, Malaysia, Singapore, Thailand, and the Philippines). The novelty of this study lies in the empirical analysis of the relationship between the ecological footprint and major sectors in ASEAN countries using panel data for 22 years (2000–2022). This study uses panel data regression with moderating variables to test the interaction between independent variables and the ecological footprint. The findings indicate that the manufacturing sector has a significant effect on the ecological footprint. The manufacturing sector can reduce its ecological footprint by implementing energy efficiency technologies and using environmentally friendly raw materials. Meanwhile, household consumption does not have a direct effect, but under specific circumstances, it can affect the ecological footprint, particularly the consumption of goods or services that excessively utilize natural resources and are not readily recyclable. The agricultural sector tends to increase its ecological footprint due to inappropriate practices, such as forest burning for agricultural expansion. The conversion of natural land to agricultural land also increases the levels of hazardous substances such as nitrogen and phosphorus in the soil, which have a significant impact on the ecosystem. The findings of this study provide new insights into effective governance strategies to support sustainable development. This study demonstrates that governance plays a major role in managing ecological footprints, emphasizing the significance of government intervention. The implication of this study is the need for policies that support environmentally friendly practices to reduce ecological footprints in the ASEAN-5 countries.
Economic Turbulence in Indonesia: The Effects of Instability and Crisis Ghannili, Farawi; Utama, Muhammad Budi; Amirullah, Malik Abd Karim; Iman, Moh Nurul
ETIKONOMI Vol. 24 No. 2 (2025)
Publisher : Faculty of Economic and Business, Universitas Islam Negeri Syarif Hidayatullah Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/etk.v24i2.44443

Abstract

Research Originality: This study presents a novel perspective by examining Indonesia’s economic growth over three crisis periods. It uniquely highlights how global economic uncertainty can strengthen Indonesia’s growth resilience when met with credible domestic policy responses. Research Objectives: The research investigates the effects of exports, imports, production value, interest rates, economic globalization, exchange rates, and state obligations on Indonesia’s economic growth at constant prices. Research Methods: Using quarterly time-series data from 1991Q1 to 2024Q1, the study employs a Dummy Variable–Autoregressive Distributed Lag model. Empirical Result: Exports have a direct negative effect on economic growth but when influenced indirectly by the global crisis and the pandemic, exports can actually contribute to growth. On the other hand, imports directly boost growth, but their impact is negatively affected by the global crisis. Additionally, interest rates support long-term growth but hinder it in the short run; however, crises may moderate this impact positively. Implications: These findings underscore the need for policymakers to craft dynamic, adaptable economic strategies that can safeguard Indonesia’s growth against future global shocks and uncertainties. JEL Classification: F41, E32, O53
Analysis of the Linkages between Foreign Investment, Trade, and Economic Structure on Tax Revenue in Asia Utama, Muhammad Budi; Harianto, Tedi
Business Management Vol 4, No 4 (2025): Business Management November
Publisher : Lembaga Penelitian dan Pendidikan (LPP) Mandala

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58258/bisnis.v4i4.9767

Abstract

Tax revenue is the main source of funding in various countries, including countries in Asia. However, in the Asian context, there are still some serious problems related to tax revenue, such as tax ratio problems and tax evasion. This study identifies the determinants of tax revenue in Asia over the period 2008-2023. We use the Generalized Method of Moments (GMM) model to analyze the results and find that foreign investment inflows and per capita GDP increase are the main sources of tax revenue increase compared to agriculture, manufacturing, and trade. For this reason, the government is expected to review the tax policies that have been issued to achieve a balance in state tax revenue.
Adaptive Learning Using Online Learning Website (E-Learning) for Students Akademi Bisnis Lombok Utama, Muhammad Budi; Atkiyan, Fahrul Hudatil; Zulkarnaen, Deki; Al Farisi, Moh. Salman; Syahrir, Syahrir
Abdi Masyarakat Vol 7, No 2 (2025): Abdi Masyarakat
Publisher : Lembaga Penelitian dan Pendidikan (LPP) Mandala

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58258/abdi.v7i2.9867

Abstract

Digital-based learning in today's era has become a necessity to improve the quality of learning. This is due to the challenges of the times that require every educational institution to continue to innovate and develop in this digital era. The large number of students choosing online programs also poses a challenge for educational institutions to create learning that is safer, more comfortable, and more flexible. Therefore, this study analyzes the impact of using e-learning platforms at the Akademi Bisnis Lombok in supporting every lecture process, both in regular and online programs. We found that the impact of using this platform is significant and positive. This can be seen from the responses of lecturers and students who feel that this platform has helped them during the lecture process. However, on the other hand, there are still several aspects that need to be developed in the future to create a platform that can support learning needs comprehensively.
Co-Authors Al farisi, Moh. Salman Amirullah, Malik Abd Karim Ashari, Nesha Rizky Atkiyan, Fahrul Hudatil Ghannili, Farawi Harianto, Tedi Iman, Moh Nurul Miftakhul Choiti Syahrir Syahrir W., Irwan Zulkarnaen, Deki