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All Journal Jurnal Ekonomi dan Bisnis Jagaditha EconBank : Journal Economics and Banking
Al-Hafidz, Zulfikar
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Economics, Econometrics & Finance Social Sciences

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Economic Valuation of Tourist Attractions with Travel Cost Approach Susilowati, Indah; Musliha, Cici; Al-Hafidz, Zulfikar; Prabowo, Sigit; Sari, Dwi Putri Wulan; Ardana, Raditya
Jurnal Ekonomi dan Bisnis Jagaditha Vol. 11 No. 1 (2024): Jurnal Ekonomi dan Bisnis Jagaditha
Publisher : Universitas Warmadewa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22225/jj.11.1.2024.31-42

Abstract

Umbul Sidomukti is an excellent tourist area with several tourist objects. Umbul Sidomukti tourism was designated as a tourist attraction because the area has a potential economic value from the tourism sector. This study aims to determine the economic value of the Umbul Sidomukti tourist attraction based on the travel cost method (TCM). This study uses the travel cost method based on primary data from in-person interviews and online surveys with 105 visitors visiting the Umbul Sidomukti tourist area. The study results show that the relationship between travel costs and distance and the number of tourist visits has a ceteris paribus negative relationship following tourism demand. Service and income variables have a positive effect that is not significant. Meanwhile, the potential economic value of the Umbul Sidomukti tour is estimated at Rp. 28,142,763,075 per year. This research can be used to develop natural tourism objects using the travel cost approach, especially the Umbul Sidomukti tourism object.
Long-Term Effect of Taxation as a Fiscal Policy Instrument for National Economic Recovery Al-hafidz, Zulfikar; Waridin, .
EconBank: Journal of Economics and Banking Vol 5 No 1 (2023): Econbank
Publisher : Sekolah Tinggi Ilmu Ekonomi Bank BPD Jateng

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35829/econbank.v5i1.266

Abstract

Taxation is a fiscal policy instrument that has a nearly 70% influence on the state budget and has a positive effect on the country's economy. The foundation for implementing state tax collection procedures is tax reform. Because of the pandemic situation, the government has been forced to implement tax reform (Law No. 7 of 2021) in order to prepare for the slowing national economy. The primary goal of this research is to determine how GDP responds to changes in tax instruments. GDP, government spending, the ratio of tax revenues, PPn, PPh, and government spending were used as samples from 1990 to 2020. The VAR approach was used because it can show how each variable responds to shocks from other variables. The findings indicate that the causality test occurs between the VAT variable and the tax-to-GDP ratio variable. The IRF output represents the overall GDP's positive response to shocks in each variable. Suggestions for increasing tax revenue, the government should optimize PPn and PPh as policy instruments to improve the economy in the face of the Covid-19 Pandemic.
Co-Authors . Waridin, . Ardana, Raditya Indah Susilowati Musliha, Cici Sari, Dwi Putri Wulan Sigit Prabowo