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Financial Deepening and Economic Growth in Indonesia Putri, Syifa Annisa; Nadila, Nadila; Kirana, Yeremia Sahat; Suhendra, Indra; Anwar, Cep Jandi
JAMPARING: Jurnal Akuntansi Manajemen Pariwisata dan Pembelajaran Konseling Vol 3, No 1 (2025): Februari 2025
Publisher : CV. Rayyan Dwi Bharata

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57235/jamparing.v3i1.4958

Abstract

The financial sector is critical to improving economic growth and cannot be separated from a country's economic growth. Consequently, financial deepening is an effort by the financial sector to reduce dependence on offshore savings. The purpose of this study is to evaluate the impact of financial deepening on Indonesia's economic growth by looking at various variables such as M2/GDP, Banking Credit, Inflation, Bank Indonesia Interest Rate, and Exchange Rate. The secondary data used in this study ranges from 2010 Q1 to 2022 Q4. This study uses the Vector Error Correction Model (VECM). The results showed that the variables M2/GDP, Banking Credit, and Bank Indonesia Interest Rate have a significant positive influence on Economic Growth. In contrast, Inflation and Exchange Rate variables have a significant positive effect on Economic Growth.
Respon Ekspor Akibat Shock Nilai Tukar Dan Jumlah Uang Beredar di Indonesia Miftahul Janah; Wulan Rahmawati; Fariza Novdwikaputri; M. Ghiffari Marshal; Cep Jandi Anwar; Indra Suhendra
EKONOMIKA45 :  Jurnal Ilmiah Manajemen, Ekonomi Bisnis, Kewirausahaan Vol. 11 No. 1 (2023): Desember : Jurnal Ilmiah Manajemen, Ekonomi Bisnis, Kewirausahaan
Publisher : Fakultas Ekonomi Universitas 45 Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30640/ekonomika45.v11i1.1099

Abstract

The rupiah exchange rate against the US dollar has always fluctuated, due to the instability of economic conditions both at home and abroad. The macroeconomic conditions of the two countries have an influence on the level of exports, especially in Indonesia. The response to export developments that occur in the country is not only influenced by the rupiah exchange rate with the dollar, the money supply (JUB) in Indonesia is also related to the level of exports that occur. If the JUB increases, the number of exports will also increase. So that the relationship between exports, exchange rates, and the money supply has a close relationship with the country's economic conditions. This study aims to analyze how the response in the level of exports in Indonesia is related to the shocks that occur in the exchange rate between the rupiah and the dollar, and also to the money supply in Indonesia through several variable data such as exports, exchange rates, inflation, BI rate, and money. circulating (M2), using data for 2018:M1-2022:M12 using the Vector Error Correction Model (VECM) analysis method. The results show that the response to inflation (INF), the exchange rate (KURS), the money supply (M2), and the bi rate on exports in Indonesia show that the variable response results are positive and the average is stable.
The Response Of Income Inequality To Monetary Policy Shock In Indonesia: A Vecm Approach Adelia Dwi Rahmawati; Dafa Riandana Puta; Muhammad Rizieq Zamzani; Indra Suhendra; Cep Jandi Anwar
EKONOMIKA45 :  Jurnal Ilmiah Manajemen, Ekonomi Bisnis, Kewirausahaan Vol. 11 No. 1 (2023): Desember : Jurnal Ilmiah Manajemen, Ekonomi Bisnis, Kewirausahaan
Publisher : Fakultas Ekonomi Universitas 45 Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30640/ekonomika45.v11i1.1867

Abstract

Income inequality has so far proven to be one of the global economic problems which has become a topic of economic problems in almost all countries in the world, especially developing countries including Indonesia. This study aims to examine the influence that exists on inflation, exchange rates, interest rates, and money supply on the gini ratio in Indonesia in the period 1993 to 2022. The type of data used in this study is quantitative data and the data sources used were obtained from the Agency Center for Statistics (BPS) in 1993-2022. This study uses the Vector Error Correction Model (VECM) research test to analyze the existence of a long-term and short-term relationship between the independent variable and the dependent variable in time series data. The final results of the study show that the data used in this study are stationary after the first differentiation. From the VECM estimation, only interest rates were proven to have a significant long-term relationship with other variables, while no short-term relationship was found between the variables studied. The Engle Granger Causality test also shows that there is no significant causal relationship between the Gini Ratio and Interest Rates, Money Supply, Exchange Rates, and Inflation.
Analisis Pengaruh Faktor Makroekonomi Terhadap Perdagangan Internasional Shindy Oktavia; Cahya Fitra Sabrina; Dwi Ananda Pangesti; Cep Jandi Anwar; Indra Suhendra
EKONOMIKA45 :  Jurnal Ilmiah Manajemen, Ekonomi Bisnis, Kewirausahaan Vol. 11 No. 1 (2023): Desember : Jurnal Ilmiah Manajemen, Ekonomi Bisnis, Kewirausahaan
Publisher : Fakultas Ekonomi Universitas 45 Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30640/ekonomika45.v11i1.1871

Abstract

The purpose of this study was to determine the relationship between Inflation, Exchange Rates, and GDP on Imports in Indonesia in 1990-2022. Import is a government policy in the field of international trade that plays a role in increasing national economic growth. Indonesia has abundant natural resources. Indonesia should be able to meet its own needs with its natural resources, but instead depends on imported goods from other countries. Thus, the method used in this study is the Vector Autoregression (VAR) method, because this method is used to analyze a relationship between variables in which the independent and dependent variables cannot be ascertained. The data used is quantitative data, and the source is secondary data, for example data collected from websites such as the World Bank. The results of this study are that the GDP variable has a greater relationship to imports than the inflation and exchange rate variables.
Pengaruh Inflation Rate Dan Suku Bunga Terhadap Perkembangan Impor di Indonesia : Studi Kasus Pada Masa Transisi Covid-19 Tahun 2021-2022 Mufti Ali; Rosid Kurniawan; Cep Jandi Anwar; Indra Suhendra
EKONOMIKA45 :  Jurnal Ilmiah Manajemen, Ekonomi Bisnis, Kewirausahaan Vol. 11 No. 1 (2023): Desember : Jurnal Ilmiah Manajemen, Ekonomi Bisnis, Kewirausahaan
Publisher : Fakultas Ekonomi Universitas 45 Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30640/ekonomika45.v11i1.1874

Abstract

This research iiis motivated by phenomena based on previous phenomena and research gaps based on research that has been goinggg on for aaa long time. Therefore, it iiis necessary to carry out further research tooo test the consistency of the results and the results of previous studies. also to review existing research gaps in the research topic. The focus of research iiin writing this thesisss is how inflation and interest ratesss significantly influence the development of imports in Indonesia, how inflationnn and interest rates significantly affect the development of imports in Indonesia, and how much influence inflation and interesttt rates have on development. imports iiin Indonesia. The dataaa used in this researchhh is secondaryyy data. Secondary dataaa iiis research information obtained (obtained and stored by other parties) indirectly through the media. Secondary data for thisss study were taken from annual reports published by Bank Indonesia. and the annual report of Statistics Finland. The investigation strategy utilized in this think about is different relapse examination. The reason of this relapse investigation is to urge a comprehensive picture of the relationship between the free and subordinate factors of each company's performance. Before running multiple linear tests, this method requires a classic hypothesis test to get the best results. SPSS software version 23 is used for data processing
Analisis pengaruh variable makroekonomi terhadap Foreign direct investment di indonesia Azhar Najmuddin; Ratnawati Ratnawati; Octa Widya Pratiwi; Cep Jandi Anwar; Indra Suhendra
EKONOMIKA45 :  Jurnal Ilmiah Manajemen, Ekonomi Bisnis, Kewirausahaan Vol. 11 No. 1 (2023): Desember : Jurnal Ilmiah Manajemen, Ekonomi Bisnis, Kewirausahaan
Publisher : Fakultas Ekonomi Universitas 45 Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30640/ekonomika45.v11i1.1878

Abstract

This study aims to determine the effect of macroeconomic variables on Foreign Direct Investment in Indonesia. The independent variables used in this study are Gross Domestic Product, inflation, and exchange rates, while the dependent variable in this study is Foreign Direct Investment. The type of research used is explanatory research, with a quantitative approach. The types and sources of data used are secondary data in the form of time series accessed on the official website of Bank Indonesia in the1period 2010 to 2022 which are processed into quarterly1data with a sample of 52 samples. The data analysis technique in this study uses multiple linear regression analysis. The results of this study indicate that GDP and inflation partially have a positive effect on FDI. While the exchange rate partially has no significant effect on FDI. Simultaneously, the independent variable has no significant effect on the dependent variable.
Analisis Pengaruh Kinerja Bank Indonesia Terhadap Pertumbuhan Ekonomi Indonesia Prima Abi Pangestu; Arya Cembawan Wijaksana; Syafira Febriyanti; Cep Jandi Anwar; Indra Suhendra
EKONOMIKA45 :  Jurnal Ilmiah Manajemen, Ekonomi Bisnis, Kewirausahaan Vol. 11 No. 1 (2023): Desember : Jurnal Ilmiah Manajemen, Ekonomi Bisnis, Kewirausahaan
Publisher : Fakultas Ekonomi Universitas 45 Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30640/ekonomika45.v11i1.1887

Abstract

The purpose of this study is to assess the partial or joint effects of inflation, interest rates, exchange rates, foreign exchange reserves and money supply on Indonesia's economic growth. This study used secondary data from Q1 2015 to Q4 2022. Data analysis included a multiple regression analysis test and a conventional acceptance test. Hypothesis tests include f, t, decision, and correlation tests. At the same time, research results show that independent variables have a large impact on dependent variables. But sometimes inflation, interest rates and foreign exchange reserves do not have a significant impact on economic growth. On the other hand, money supply and exchange rate have a great impact on Indonesia's economic growth.
Analisis Keterkaitan Capital Flight dan Cadangan Devisa : Pendekatan Vector Error Correction Model (VECM) di Indonesia Amiroh Amiroh; Maitsaa Zalfaa; Nadila Nadila; Cep Jandi Anwar; Indra Suhendra
EKONOMIKA45 :  Jurnal Ilmiah Manajemen, Ekonomi Bisnis, Kewirausahaan Vol. 11 No. 1 (2023): Desember : Jurnal Ilmiah Manajemen, Ekonomi Bisnis, Kewirausahaan
Publisher : Fakultas Ekonomi Universitas 45 Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30640/ekonomika45.v11i1.1889

Abstract

This study examines the relationship and response to shocks between capital flight and foreign exchange reserves in Indonesia for the 2018-2022 period. This study uses VECM (Vector Error Correction Model) model analysis, aimed at seeing the relationship between capital flight and foreign debt variables and trade balance to Indonesia's foreign exchange reserves. The results of the analysis that have been carried out show that the variable of foreign debt does not affect and is irrelevant to Indonesia's foreign exchange reserves in the long and short term. Meanwhile, trade balance variables affect and are relevant to Indonesia's foreign exchange reserves in the long and short term.
A Theil Decomposition of Regional Grouping in Indonesia’s Human Development Index Ginanjar, Rah Adi Fahmi; Sutjipto, Hady; Suhendra, Indra; Anwar, Cep Jandi
Economics Development Analysis Journal Vol. 13 No. 3 (2024): Economics Development Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/edaj.v13i3.13802

Abstract

This research is designed to investigate regional differences in human development in Indonesia based on the Human Development Index (HDI) as a main indicator. With the use of the Theil Index decomposition method, this paper investigates the intra- and inter-regional disparities in Java vs. outside Java and KBI vs. KTI (Western Indonesia-Eastern Indonesia). Furthermore, the study uses convergence models (σ- and β-convergence) to examine the speed at which zones with lower HDI access regions with higher HDI. The dataset employed in the study was data from various competencies at each regency-cities in Indonesia during its period of 2010-2021, which was publicly available at the Indonesian Central Bureau of Statistics (BPS). The findings show a significant decrease in human development disparities over time, although the convergence process remains slow. Intra-regional inequality contributes more significantly to the overall disparity than inter-regional inequality, particularly within the KBI-KTI dichotomy. This study suggests that while Indonesia is on a path toward reducing regional disparities, more targeted policy interventions are needed to accelerate the convergence process, particularly in underdeveloped regions like Eastern Indonesia.
Respon Cadangan Devisa Indonesia Akibat Guncangan Nilai Tukar dan Inflasi Pasca Pandemi Covid-19 Septiadi, Rizqi; Hudaifah, Muzlifatul; Suhendra, Indra
Jurnal Pendidikan Tambusai Vol. 8 No. 2 (2024)
Publisher : LPPM Universitas Pahlawan Tuanku Tambusai, Riau, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Cadangan devisa digunakan untuk melihat sejauh mana negara dapat melakukan perdagangan internasional dan untuk menyatakan kuat lemahnya fundamental perekonomian suatu negara. Tujuan penelitian adalah untuk menganalisis respon cadangan devisa Indonesia akibat shock nilai tukar, inflasi dan suku bunga setelah pandemi covid-19. Penelitian ini menggunakan data sekunder dengan bentuk data time series. Metode analisis data yang digunakan adalah Vector Error Correction Model (VECM) dengan aplikasi Eviews-12. Estimasi VECM jangka pendek mengungkap dua variabel signifikan, yaitu nilai tukar dan cadangan devisa pada lag pertama. Sebaliknya, estimasi VECM jangka panjang hanya mengungkap satu variabel signifikan, yaitu nilai tukar. Selain itu, temuan uji impulse response function menunjukkan reaksi variabel inflasi, suku bunga BI, dan faktor nilai tukar terhadap guncangan pada cadangan devisa adalah positif dan konsisten. Berbeda dengan variabel nilai tukar dan inflasi, temuan uji varians decomposition menunjukkan bahwa variabel suku bunga BI memiliki pengaruh yang lebih besar terhadap cadangan devisa.
Co-Authors A. Fitriadi Al Akbar Abdulloh Azzam Adelia Dwi Rahmawati Ahmad Syarifudin Anshori Akhmadi Akhmadi Alwi, Arfian Amiroh Amiroh Ani Setyowati Anwar, Cep Jandi Anwar, Cep Jandi Arya Cembawan Wijaksana Azhar Najmuddin Azzam, Abdulloh Bambang Mahmudi Bayu Hadi Wicaksono Cahya Fitra Sabrina Cep Jandi Anwar Chendrawan, Tony Santika Christoforus Erik Pb Dafa Riandana Puta Didit Damayanti Dita Ayu Irawati Dwi Ananda Pangesti Edwin Ronaldo Fariza Novdwikaputri Genta Noer Kahar Handayani, Hany Hany Handayani Hudaifah, Muzlifatul I Gusti Agung Komang Diafari Djuni Hartawan Imansyah, Taufik Indra Gunawan Kahfi, Heri Safari Khurosani, Aan Kirana, Yeremia Sahat Kusuma, Erik Indra Lilis Hoeriyah Lina Marlina Nur Rizkiya Lucky Widyarto M. Ghiffari Marshal Maitsaa Zalfaa MARIA BINTANG Miftahul Janah Moh Muksin Mufti Ali Muhammad Rafi Muhammad Rizieq Zamzani Mukhsin, Moh. Nadila Nadila Nadila, Nadila Nur Rahmah Maysarah Nurul Fatonah Octa Widya Pratiwi Priatin, Yusri Prima Abi Pangestu Putri, Syifa Annisa Rah Adi Fahmi Ginanjar Rahman Ratnawati Ratnawati Ridwan Maulana Rina F RIZAL FATHONI Rosid Kurniawan SAMSUL ARIFIN Septiadi, Rizqi Shindy Oktavia Stannia Cahaya Suci Sugeng Setyadi Suharto, Umayatu Suiroh Surya, Djasuro Surya, Djasuro Syafira Febriyanti Syifa Annisa Putri Tasya Siti Nuraisah Tatat Hartati Trisna Nugraha Udin Syaefudin Saud, Udin Syaefudin Vadilla Mutia Zahara Wahyu Sopandi Wicaksono, Bayu Hadi Wiliiam, Nanda Wulan Rahmawati Yusup Maulana Yusup Maulana Zahara, Vadilla Mutia