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Transformasi Keuangan Berkelanjutan: Peran Kebijakan Green Bond dan Indeks SDGs di ASEAN Anisha, Anisha; Wijaya, Panca; Lakilaki, Eogenie; Wahyuni, Tri; Sidik, Muhammad Dito Jastian; Alhafiz, Alhafiz
DIALEKTIKA: Jurnal Ekonomi dan Ilmu Sosial Vol 10 No 2 (2025): Dialektika: Jurnal Ekonomi dan Ilmu Sosial
Publisher : Prodi Manajemen Fakultas Ekonomi dan Bisnis Universitas Islam Raden Rahmat Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36636/dialektika.v10i2.6807

Abstract

This study delves into the dynamics of green bond issuance in ASEAN-5 (Indonesia, Malaysia, Singapore, the Philippines, and Thailand) and its key determinants, particularly green bond policies and the SDGs Index. Using secondary data from the IMF, World Bank, ADB, and financial reports, it applies panel data regression models (CEM, FEM, REM) for the 2016-2020 period with Chow, Hausman, and Lagrange Multiplier tests. The findings reveal that green bond policies have a significant positive impact, while the SDGs Index shows a weaker yet positive effect. Countries with robust regulations and market maturity, such as Singapore and Malaysia, have more advanced green bond markets than Indonesia and the Philippines, which face regulatory and financial literacy challenges. The study highlights the need for stricter regulations, greater transparency, and fiscal incentives to enhance investor participation, alongside improved green financial literacy to expand access to sustainable finance in ASEAN.
Eksplorasi Peran Gamifikasi Dan Motivasi Dalam Dinamika Utbk Di Perguruan Tinggi Negeri Indonesia Lakilaki, Eogenie; Artamananda, Artamananda; Salsabila, Annisa Fatihah; Wijaya, Panca; Abdillah, Muhammad Fayyad
Innovative: Journal Of Social Science Research Vol. 4 No. 5 (2024): Innovative: Journal Of Social Science Research
Publisher : Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/innovative.v4i5.14980

Abstract

Dewasa kini, Angka Partisipasi Kasar Perguruan Tinggi di Sumatera Selatan tercatat masih rendah, hal ini disinyalir akibat keterbatasan akses belajar UTBK dan stigma sulitnya ujian tersebut. Untuk mengatasi hal ini, TELISIK menawarkan kelas belajar daring gratis dan intensif yang mengintegrasikan metode gamifikasi dan motivasi. Program ini diikuti oleh 146 pelajar dari seluruh Sumatera Selatan dan didukung oleh 12 tutor dari berbagai Perguruan Tinggi di Indonesia. Hasilnya, TELISIK berhasil mengantarkan 63 dari 96 peserta yang mengikuti UTBK ke Perguruan Tinggi Negeri. Metode gamifikasi melalui platform Quizizz terbukti efektif meningkatkan keterlibatan dan prestasi akademik, dengan sebagian besar peserta meraih skor UTBK di atas rata-rata. Program ini juga menekankan pentingnya apresiasi dan umpan balik konstruktif dalam memotivasi peserta mencapai tujuan akademis mereka.
Labour Underutilisation in the BRICS-4: Do Exchange Rates and Foreign Direct Investment Matter? Wahyuni, Tri; Lakilaki, Eogenie; Wijaya, Panca; Anisha, Anisha
Journal of Business and Economics Research (JBE) Vol 7 No 1 (2026): February 2026
Publisher : Forum Kerjasama Pendidikan Tinggi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/jbe.v7i1.9151

Abstract

This study aims to examine unemployment dynamics in BRICS-4 countries (Brazil, India, China, and Indonesia), with a particular emphasis on the effects of foreign direct investment and exchange rates within the framework of sustainable development. The primary issue addressed is the persistently high level of unemployment despite positive trends in economic growth and foreign investment inflows. A quantitative approach is employed using panel data analysis covering the period 2009–2023, in which all variables are transformed into natural logarithmic form to stabilise data variance. Model selection is conducted through the Chow, Hausman, and Lagrange Multiplier tests, which indicate that the Fixed Effects model represents the most appropriate estimation technique. The analysis encompasses classical assumption testing, partial and simultaneous significance tests, as well as the coefficient of determination. The novelty of this study lies in its cross-country integration of unemployment, foreign direct investment, and exchange rate variables within a sustainable development perspective. The empirical results demonstrate that foreign direct investment exerts a negative and statistically significant effect on unemployment, with a coefficient value of −0.12 and a probability value of 0.02, while the exchange rate exhibits a positive effect of 0.06 but remains statistically insignificant, as reflected by a probability value of 0.49. These findings underscore the critical role of foreign investment in employment generation and suggest that the influence of exchange rates is indirect and contingent upon the structural characteristics of individual countries.