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A STUDY ON HOW THE REGIONAL FINANCIAL INDEPENDENCE RATIO SUPPORTS REGIONAL AUTONOMY IN SERANG CITY Tejaarief, Billy; Husni, Mohamad
Journal of Management Small and Medium Enterprises (SMEs) Vol 18 No 1 (2025): JOURNAL OF MANAGEMENT Small and Medium Enterprises (SME's)
Publisher : Universitas Nusa Cendana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35508/jom.v18i1.19017

Abstract

Regional financial independence covers the region's capacity to oversee and make use of its financial resources effectively and efficiently, without reliance entirely on the funds of the central government in accordance with Act No. 32 of 2004 on regional government. This study aims to find out how great the degree of economic independence of the local government is, in particular the Kota Serang, in support of the autonomy of the area. This research uses the method of descriptive with a qualitative approach by measuring the ratio of financial independence of the government of the area of Kota Serang. The data obtained through observations and library studies were used for data analysis techniques using the ratio of regional financial independence (RKKD). The results of the research showed that the ratios of financial autonomy of the Kota Serang during the period 2021–2023 are still at a low level, i.e., at 35.04%. It can be understood that the real income of the Kota Serang still relies on the contributions of either the Central Government or the Provincial Government through the General Allocation Fund and Special Allocation Funds. Keywords: Regional Natural Income; Ratio of Financial Independence; Regional Financial Management
The Impact of Renewable Energy Consumption on Economic Growth in Seven ASEAN Countries Mulyani, Mulyani; Hidayat, Asep Munir; Tejaarief, Billy; Kenedi, Kenedi; Agustini, Anti Wulan
JOURNAL OF MANAGEMENT, ACCOUNTING, GENERAL FINANCE AND INTERNATIONAL ECONOMIC ISSUES Vol. 5 No. 1 (2025): DECEMBER
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/marginal.v5i1.1920

Abstract

Renewable energy has become a global priority to reduce fossil fuel dependence and environmental impact. Seven ASEAN countries (Indonesia, Malaysia, Thailand, Vietnam, Philippines, Singapore, Cambodia) face significant challenges in maintaining energy stability while promoting sustainable development. This study analyzes the direct effects of Renewable Energy Consumption, Electricity Consumption, and Trade on Economic Growth from 2014 to 2023 in seven ASEAN countries. Secondary data analysis using a quantitative approach was employed. The sample consisted of seven countries selected through purposive sampling. Panel data analysis was conducted using Eviews10 program. The F-statistic value of 568.6365 exceeded the F-table value of 3.13 at 95% confidence level, rejecting the null hypothesis. Collectively, Renewable Energy Consumption, Electricity Consumption, and Trade significantly influence Economic Growth. Country-specific analysis revealed that renewable energy consumption affects economic growth across all countries, electricity consumption significantly influences growth in Cambodia and Vietnam, while trade contributes to economic growth in Malaysia and Vietnam. The findings demonstrate that energy transition and regional economic integration play crucial roles in supporting long-term economic growth in the ASEAN region. Each country exhibits varying responses to different energy and trade factors, indicating the need for tailored sustainable development approaches. 
Causality Analysis of Economic Growth, Inflation, and Interest Rates on the Jakarta Composite Index (JCI) in Indonesia: An ARDL Approach Basudewa, Meisya Diazzahra Putri; Hidayat, Asep Munir; Tejaarief, Billy; Kenedi, Kenedi; Agustini, Anti Wulan
JOURNAL OF MANAGEMENT, ACCOUNTING, GENERAL FINANCE AND INTERNATIONAL ECONOMIC ISSUES Vol. 5 No. 1 (2025): DECEMBER
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/marginal.v5i1.1925

Abstract

One important indicator of Indonesia's economic condition is the Jakarta Composite Index (JCI). As the measure of all listed stocks, its movement directly reflects economic stability and investor confidence. The JCI is, however, highly susceptible to both global and domestic macroeconomic pressures, making its relationship with key fundamentals, such as economic growth, inflation, and interest rates. The purpose of this study is to analyze the short-term and long-term impacts of inflation, interest rates, and economic growth on the JCI. This study uses the Autoregressive Distributed Lag (ARDL) model on time series data using secondary data and quantitative correlation techniques. The results show that although economic growth has no short-term impact on the JCI, it does have a significant long-term impact. On the other hand, neither inflation nor interest rates have a significant impact on the JCI in the short or long term. An adjustment rate of 50.49% was achieved using an error correction mechanism, indicating a tendency towards long-term equilibrium. Additional causality analysis shows a unidirectional relationship between inflation and the JCI and between the JCI and economic growth. However, neither the JCI nor interest rates and economic growth have a reciprocal relationship on the JCI, and there is no causal relationship between the both.
The Effect of Minimum Wage, Gross Regional Domestic Product (GRDP) and Open Unemployment Rate on Labor Absorption in Manufacturing Industry Sector in Java Island Munggaran, Rebion Raga; Hidayat, Asep Munir; Tejaarief, Billy; Kenedi, Kenedi; Agustini, Anti Wulan
JOURNAL OF MANAGEMENT, ACCOUNTING, GENERAL FINANCE AND INTERNATIONAL ECONOMIC ISSUES Vol. 5 No. 1 (2025): DECEMBER
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/marginal.v5i1.1927

Abstract

The manufacturing industry in Java Island plays an important role in Indonesia's economy, contributing significantly to Minimum Wage, Gross Regional Domestic Product, and Open Unemployment Rate. However, there are imbalances between provinces influenced by regional policies, economic conditions, and industrial sectors. This research aims to analyze the long-term, short-term effects, and long-term adjustment mechanism (Error Correction Term) in Java Island, covering six provinces: DKI Jakarta, West Java, Central Java, DI Yogyakarta, East Java, and Banten. The method used is a quantitative approach with secondary data from Statistics Indonesia (BPS) for the period 2010-2024, analyzed using Panel Autoregressive Distributed Lag (ARDL) model with EViews version 13 software. The research results show that in the long term, Minimum Wage and Open Unemployment Rate have significant negative effects on Labor Absorption, while Gross Regional Domestic Product has a significant positive effect. In the short term, these variables do not significantly affect most provinces. However, analysis of the long-term adjustment mechanism (Error Correction Term) shows that provinces such as West Java, DI Yogyakarta, East Java, and Banten have significant adjustments, while DKI Jakarta and Central Java do not show significant adjustments. The research conclusions indicate that Gross Regional Domestic Product has a positive effect on labor absorption, while Minimum Wage and Open Unemployment Rate have negative effects. Long-term adjustment mechanisms are significant in several provinces, but DKI Jakarta and Central Java face structural barriers. Therefore, more responsive and balanced economic policies are needed.
Pengaruh Harga Emas, Suku Bunga dan Nilai Tukar Rupiah Terhadap Indeks Harga Saham Gabungan di Indonesia Budiman, Dedi; Munir Hidayat, Asep; Tejaarief, Billy; Kenedi, Kenedi; Wulan Agustini, Anti
Journal of Business and Economics Research (JBE) Vol 6 No 3 (2025): October 2025
Publisher : Forum Kerjasama Pendidikan Tinggi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/jbe.v6i3.8261

Abstract

The main problem in the Indonesian capital market is the high volatility of the Jakarta Composite Index (JCI), which is often influenced by both external and internal factors, making it difficult for investors to make investment decisions. This uncertainty raises questions about the extent to which macroeconomic variables, particularly gold prices, interest rates, and the rupiah exchange rate, affect the movement of the JCI. The Jakarta Composite Index (JCI) is the primary indicator reflecting the performance of the Indonesian stock market. Its movement is heavily influenced by various macroeconomic variables, including gold prices, interest rates, and the rupiah exchange rate. Gold serves as a safe-haven asset favored during periods of market instability, while interest rates and exchange rates reflect monetary conditions and domestic purchasing power. This study aims to analyze the effect of gold prices, interest rates, and the rupiah exchange rate on the Jakarta Composite Index (JCI) in Indonesia. The method used is a quantitative approach with quarterly time series data from 2014 to 2024. The analysis was conducted using the Autoregressive Distributed Lag (ARDL) model with the assistance of EViews 12 software. The estimation results of the ARDL model show that in the short run, gold prices, interest rates, and the rupiah exchange rate do not have a significant effect on the JCI, as the t-statistic values of each variable are smaller than the t-table at a 5% significance level. However, in the long run, gold prices and the rupiah exchange rate have a significant effect on the JCI with t-statistic values of 2.984417 and 2.634944, respectively, which exceed the t-table. This indicates that movements in gold prices as a safe-haven asset and fluctuations in the exchange rate contribute to JCI dynamics in the long run. Conversely, interest rates show no significant effect in either the short run or the long run. These findings emphasize the importance of considering certain macroeconomic variables in the long run as a basis for investment decision-making in the Indonesian capital market. Therefore, stable and predictable macroeconomic policies are essential to create a healthy investment climate in Indonesia.
Pengaruh Kemiskinan, Pengangguran dan Inflasi Terhadap Pertumbuhan Ekonomi di Indonesia Darsono, Darsono; Munir Hidayat, Asep; Tejaarief, Billy; Kenedi, Kenedi; Wulan Agustini, Anti
Journal of Business and Economics Research (JBE) Vol 6 No 3 (2025): October 2025
Publisher : Forum Kerjasama Pendidikan Tinggi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/jbe.v6i3.8262

Abstract

One of the main problems of Indonesia’s economy is the relatively low economic growth, which is often hampered by high levels of poverty, unemployment, and inflation. These conditions pose challenges in maintaining stability while promoting sustainable development. Economic growth is an important indicator in assessing the performance of a country’s development, which is influenced by various macroeconomic factors. This study aims to analyze the effect of poverty, unemployment, and inflation on Indonesia’s economic growth, both in the short run and long run. In addition, this research also identifies the adjustment mechanism through the error correction approach and analyzes the causal relationship among variables. The method used is secondary data analysis with a quantitative correlational approach. The model applied is the Autoregressive Distributed Lag (ARDL) based on time series data for the period 2014–2024, processed using EViews 12. The results show that in the long run, inflation has a negative and significant effect on economic growth, with a coefficient value of –0.421 and t-statistic 3.12 > t-table 2.06 at a 5% significance level. Unemployment also has a negative but insignificant effect with a coefficient of –0.178 (t-statistic 1.44 < t-table), while poverty shows no significant effect with a coefficient of –0.095 (t-statistic 1.12 < t-table). In the short run, no significant effect of the three variables on economic growth is found. The error correction term (ECT) value of –0.639 is significant at the 5% level, indicating an adjustment process toward long-run equilibrium. The Granger causality analysis also indicates a bidirectional relationship between inflation and economic growth. These findings emphasize that inflation is a key variable that must be controlled to maintain economic stability and foster long-term growth. Meanwhile, poverty alleviation and unemployment reduction policies need to be strengthened in order to have a more tangible impact on achieving sustainable economic growth.
SOSIALISASI PENTINGNYA INTELLECTUAL PROPERTY BAGI PELAKU INDUSTRI KREATIF DI KOTA SERANG Kenedi, Kenedi; Anggriawan, Muhammad Angga; Tejaarief, Billy
Community Development Journal : Jurnal Pengabdian Masyarakat Vol. 5 No. 2 (2024): Volume 5 No. 2 Tahun 2024
Publisher : Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/cdj.v5i2.27237

Abstract

Sosialisasi tentang pentingnya Intellectual Property (IP) bagi pelaku industri kreatif di Kota Serang menjadi penting dalam menghadapi tantangan perlindungan hak kekayaan intelektual. Dalam konteks globalisasi dan digitalisasi, pelaku industri kreatif di Kota Serang menghadapi risiko pencurian ide, pemalsuan produk, dan penggunaan tanpa izin atas karya-karya mereka. Kegiatan sosialisasi ini bertujuan untuk mengeksplorasi implementasi sosialisasi IP dan dampaknya terhadap pemahaman dan perlindungan hak kekayaan intelektual. Metode kegiatan sosialisasi meliputi tahapan perencanaan, pengembangan materi, pelaksanaan kegiatan, dan evaluasi, sosialasi ini menyoroti pentingnya penyampaian informasi yang komprehensif dan mudah dipahami tentang IP. Dengan melibatkan 50 pelaku industri kreatif sebagai peserta, kegiatan sosialisasi dilakukan dengan fokus pada pengenalan konsep IP, manfaat perlindungan hak kekayaan intelektual, proses perlindungan, dan studi kasus praktis. Hasil pelaksanaan sosialisasi menunjukkan peningkatan pemahaman dan kesadaran peserta tentang pentingnya IP dalam industri kreatif. Respons positif dari peserta terhadap kegiatan sosialisasi menunjukkan keberhasilan implementasi. Implikasi penelitian ini adalah perlunya terus mendorong sosialisasi IP sebagai upaya untuk meningkatkan perlindungan hak kekayaan intelektual bagi pelaku industri kreatif di Kota Serang. Dengan pemahaman yang lebih baik tentang IP, pelaku industri kreatif dapat menghindari pelanggaran hak kekayaan intelektual dan memperkuat posisi Kota Serang sebagai pusat industri kreatif yang berdaya saing
Dynamics of Health Capital Formation and its Implications for Community Health Outcomes: An Analysis at the Individual Level of the Poor in Banten Province Anggriawan, Muhammad Angga; Rustandi, Tata; Tejaarief, Billy
Jurnal Penelitian Pendidikan IPA Vol 11 No 2 (2025): February
Publisher : Postgraduate, University of Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29303/jppipa.v11i2.9234

Abstract

This study examines the factors influencing health capital formation and its impact on public health outcomes among the poor in Banten Province using the SEM-PLS method. Health capital is shaped by various aspects, including health education and knowledge, access to healthcare services, environmental conditions, genetic and hereditary factors, lifestyle, as well as physical and mental health. The findings indicate that higher education levels enhance individuals' understanding of health, while easier access to healthcare services contributes to improved community health conditions. Additionally, environmental factors and lifestyle play a crucial role in determining an individual's overall health quality. The objective of this study is to identify the key determinants of individual health capital and analyze their implications for public health. These findings highlight the need for policy interventions focused on improving health education and knowledge, as well as expanding equitable access to healthcare services. Continuous education programs and better healthcare facilities, especially for low-income communities, are recommended. However, this study has limitations, including cross-sectional data and potential self-report biases. Therefore, future research should employ longitudinal data and consider additional variables to gain a deeper understanding of the dynamics of health capital and its impact on public health outcomes.
The Role of Health Insurance in Facilitating Access to Healthcare Utilization: A Case Study of BPJS Kesehatan Users in Banten Province Kurniawanto, Hadi; Anggriawan, Muhammad Angga; Tejaarief, Billy; Kenedi
Jurnal Penelitian Pendidikan IPA Vol 11 No 2 (2025): February
Publisher : Postgraduate, University of Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29303/jppipa.v11i2.9319

Abstract

Access to healthcare remains a major challenge, especially in developing countries, due to limited infrastructure, medical personnel, and funding. In 2017, the World Bank and WHO reported that nearly half of the world's population struggled to access healthcare due to high costs, including in Indonesia. This study examines the factors influencing BPJS Kesehatan participation and its impact on healthcare utilization. Using probit models and regression techniques, the analysis highlights key determinants, including residence, age, marital status, healthcare utilization, sanitation, household size, income, agricultural participation, health conditions, and employment status. The study also evaluates the effect of insurance coverage on healthcare visits using Negative Binomial Regression and IV Poisson GMM methods. Results indicate that while insurance increases healthcare utilization, factors such as geographic location and out-of-pocket expenses influence access. Findings suggest the need for targeted policies to improve insurance accessibility, particularly in rural areas, and address economic barriers. Limitations include the cross-sectional nature of the data and potential biases in self-reported information. Future research should explore longitudinal data and additional variables to better understand health insurance dynamics.
The Effect of Consumption, Investment, and Government Expenditure on the Economic Growth of West Java Province Sihotang, Erika Agustiani; Hidayat, Asep Munir; Tejaarief, Billy; Kenedi, Kenedi; Agustini, Anti Wulan
JOURNAL OF MANAGEMENT, ACCOUNTING, GENERAL FINANCE AND INTERNATIONAL ECONOMIC ISSUES Vol. 5 No. 1 (2025): DECEMBER
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/marginal.v5i1.1932

Abstract

The trajectory of economic expansion in West Java is contingent upon three cardinal determinants: household consumption, capital investment, and fiscal expenditure. Consumption propels aggregate demand for commodities and services, investment augments productive capacity, while governmental disbursement, particularly directed toward infrastructural advancement and social initiatives, engenders employment prospects and elevates communal welfare. This paper seeks to scrutinize the ramifications of consumption, investment, and fiscal spending on the economic progression of West Java Province throughout the 2020–2024 interval. The investigation employs a Secondary Data Analysis (SDA) paradigm underpinned by a quantitative orientation. The empirical sample encompasses 27 regencies/municipalities within West Java Province, delineated through a saturated sampling modality. The collated data were subjected to panel data econometric techniques utilizing the EViews 12 platform. Findings shed light that consumption, investment, and governmental expenditure exert discernible influences upon economic growth, albeit with heterogeneous magnitudes across territorial units. In conclusion, these three variables manifest statistically significant bearings on West Java’s economic development, though the intensity of their effects diverges among regions.