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DETERMINANTS OF NON-OIL AND GAS IMPORT VALUE IN INDONESIA Tsani, Luthfi Ibnu; Andryan Setyadharma; Ahmad Syahrul Fauzi; Rasyad Nu'man
Business and Economic Analysis Journal Vol. 5 No. 2 (2025): November 2025
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/beaj.v5i2.34071

Abstract

Indonesia continues to rely heavily on imports, particularly non-oil and gas imports, which can threaten economic stability. However, existing studies rarely examine how domestic macroeconomic indicators jointly affect this dependency. This study aims to fill that gap by analyzing the influence of money supply (M2), BI Rate, and inflation rate on the value of non-oil and gas imports in Indonesia. Using monthly time series data from 2020 month 1 to 2023 month 4 (40 observations), this study employs a multiple linear regression model to evaluate both partial and simultaneous effects of the three independent variables. The results show that money supply (M2) and inflation rate have a significant positive impact. In contrast, the BI Rate significantly affects the value of non-oil and gas imports. These findings suggest that increased liquidity and rising inflation may stimulate import activity, while higher interest rates tend to suppress it. The study provides important insights for Bank Indonesia and policymakers in designing macroeconomic strategies to stabilize the import sector. Strengthening the coordination of monetary and fiscal policies is recommended to manage import growth while maintaining economic stability.
Pengaruh Beasiswa LPDP terhadap Peningkatan Produktivitas Tenaga Kerja Indonesia di Era Globalisasi Muhammad Favian Nabil; Alifah Nasrulloh; Yuslimia Jaguar; Rasyad Nu'Man; Salsabila As Zahra; Luthfaira Firyaal Putri
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 7 No. 6 (2025): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/alkharaj.v7i6.7809

Abstract

This article discusses the influence of the Education Fund Management Institute (LPDP) scholarship program on increasing the productivity of Indonesian workers in the era of globalization. Through a qualitative descriptive approach and survey, this study analyzes the contribution of LPDP alumni in leadership, social, and economic aspects after completing their studies, both domestically and abroad. The results of the literature study and survey indicate that the LPDP scholarship has a significant impact on increasing the competence, leadership skills, and competitiveness of scholarship recipients in the global job market. This program also plays a role in reducing the level of educated unemployment and strengthening collaborative networks in various sectors. However, there are challenges in implementation, especially related to alumni who are reluctant to return to Indonesia after studying. Therefore, a comprehensive strategy is needed, including strengthening the departure preparation program and post-study monitoring, to ensure the effectiveness and sustainability of the LPDP program's impact on national human resource development.