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Economic Development and Fiscal Policy in CO2 Emission Mitigation: A Dynamic Panel Study in Indonesia Before Covid 19 Agus Tri Basuki
Neo Journal of economy and social humanities Vol 4 No 1 (2025): Neo Journal of Economy and Social Humanities
Publisher : International Publisher (YAPENBI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56403/nejesh.v4i1.253

Abstract

This study aims to analyze the impact of economic development and fiscal policy on CO2 emissions in Indonesia. Using a time series data from 2009 to 2019 covering 20 provinces in Indonesia before the COVID-19 pandemic, this study analyzed data with a dynamic panel approach. The results show that in the short term, Gross Regional Domestic Product (GDP) and population have a negative influence on CO2 emissions, while in the long term, GDP and population have a positive effect on CO2 emissions. The Central to Regional Transfer Fund (DAU) shows a positive effect on CO2 emissions in the short term but has a negative effect in the long term. Spending on education has a negative effect on CO2 emissions in the short term, while in the long term, it has no significant effect. Spending on health has shown no effect on CO2 emissions in either the short or long term. Foreign Direct Investment (FDI) has a negative effect on CO2 emissions in both periods. Based on these findings, the policy that needs to be considered in the future is to strengthen the policy of transferring Central Transfer Funds to Regions that better supports environmentally friendly initiatives, as well as encourage foreign investment oriented towards green and sustainable technology. In addition, the allocation of funds for the education sector can be prioritized for the development of policies that support the reduction of CO2 emissions, while health spending can be directed to programs that integrate economic growth with environmental sustainability.
Evaluation of the Profitability Performance of Regional Development Banks Using Panel Regression: A Study on Four Provinces in Indonesia Gita Danupranata; Agus Tri Basuki; Gusdinda Ramadhanti Putri
Neo Journal of economy and social humanities Vol 4 No 1 (2025): Neo Journal of Economy and Social Humanities
Publisher : International Publisher (YAPENBI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56403/nejesh.v4i1.289

Abstract

This study aims to analyse the influence of ROE, BOPO, NPL, LDR, NIM, and reserve requirement on profitability as measured by Return on Assets (ROA) in four Regional Development Banks (BPD) in Indonesia, namely BPD DKI Jakarta, BPD Central Java, BPD DIY, and BPD East Java during the period 2017Q1 to 2024Q4. The method used is panel data regression using the Common Effect Model (CEM), Fixed Effect Model (FEM), and Random Effect Model (REM) approaches. The results of the Chow test showed that FEM was better than CEM, while Hausman's test showed that FEM was also more accurate than REM. Thus, the best model used is the Fixed Effect Model. The results of the analysis showed that the variables ROE, NPL, LDR, NIM, and GWM had a positive and significant effect on ROA, while BOPO had a negative and significant effect. The NIM variable is the most dominant factor in increasing profitability, while BOPO is the main obstacle. These findings confirm the importance of operational efficiency and interest margin management in improving BPD's financial performance. This research provides implications for BPD management to focus more on cost control strategies and interest income optimization to increase profitability in a sustainable manner.
Pandemic shocks and time-varying weak-form efficiency in ASEAN foreign exchange markets: An empirical investigation Pinjaman, Saizal; Kok, Sook Ching; Aralas, Sarma; Basuki, Agus Tri; Hadi, Syamsul; Nugraha, Pazri; Darsono, Susilo Nur Aji Cokro
Optimum: Jurnal Ekonomi dan Pembangunan Vol. 16 No. 1 (2026)
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/optimum.v16i1.15560

Abstract

This study examines the weak-form Efficient Market Hypothesis (EMH) for the selected ASEAN exchange rates—Brunei Darussalam, Indonesia, the Philippines, Singapore, and Thailand—relative to the U.S. dollar (USD) over three distinct phases: pre-COVID-19 (2010–2019), during COVID-19 (2020–2021), and post-COVID-19 (2022–2023). Using monthly nominal exchange-rate data from the World Bank and applying the Augmented Dickey–Fuller (ADF) unit root test, the study evaluates whether these exchange rates exhibit random-walk behavior consistent with weak-form efficiency. The results reveal that all ASEAN currencies were I(1) and efficient before the pandemic, supporting the weak-form EMH. However, efficiency deteriorated during COVID-19, particularly for Malaysia and Singapore, where exchange rates became stationary at level, indicating short-term predictability due to policy interventions and market disruptions. In the post-pandemic period, Malaysia and Singapore regained efficiency, while Indonesia and Thailand exhibited partial mean-reverting tendencies, reflecting gradual market normalization. Descriptive statistics further confirm increased volatility during the pandemic and partial stabilization thereafter. Overall, the findings suggest that ASEAN exchange-rate efficiency is time-varying, resilient under stable conditions but vulnerable during systemic shocks. Policy recommendations include enhancing monetary transparency, promoting flexible exchange-rate management, and strengthening regional financial coordination to sustain efficiency during future crises.
Pelatihan Packaging bagi UMKM Binaan MEK Ambarketawang Selatan dalam Rangka Peningkatan Kapasitas UMKM Agus Tri Basuki; Rita Kusumawati
PUBLICA: Jurnal Pengabdian Kepada Masyarakat Vol. 4 No. 2 (2026): PUBLICA: Jurnal Pengabdian Kepada Masyarakat
Publisher : ASIAN PUBLISHER

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58738/publica.v4i2.87

Abstract

Pengabdian kepada masyarakat merupakan salah satu bentuk implementasi peran perguruan tinggi dalam memberdayakan masyarakat dan menjawab tantangan riil yang dihadapi oleh pelaku usaha di tingkat lokal. Kegiatan pengabdian ini diselenggarakan oleh dosen Universitas Muhammadiyah Yogyakarta (UMY) bekerja sama dengan Majelis Ekonomi PRM Ambarketawang Selatan, Gamping, Sleman, dengan tema “Peningkatan Kapasitas UMKM Binaan MEK Ambarketawang Melalui Pelatihan Packaging dan Pengelolaan Keuangan”. Kegiatan ini dilaksanakan pada 3 Mei 2025 di Masjid Gedhe Ambarketawang dan diikuti oleh 25 pelaku UMKM dari berbagai sektor, khususnya kuliner. Tujuan utama dari kegiatan ini adalah meningkatkan daya saing dan keberlanjutan usaha mikro, kecil, dan menengah melalui pelatihan strategis terkait kemasan produk yang menarik dan legal, serta pengelolaan keuangan yang akurat dan mudah diaplikasikan. Metode pelaksanaan terdiri dari ceramah interaktif, studi kasus, simulasi laporan keuangan, dan sesi tanya jawab. Materi pelatihan disampaikan oleh tiga narasumber dari UMY, yaitu Dr. Agus Tri Basuki, SE., M.Si., yang membahas kontribusi UMKM terhadap pembangunan ekonomi; Rita Kusumawati, SE., M.Si., yang menyampaikan model pelaporan keuangan untuk UMKM; serta Dr. Lalu Supardin, SE., MM., yang memaparkan strategi peningkatan omset melalui kemasan produk. Hasil pelatihan menunjukkan antusiasme tinggi peserta, terlihat dari keaktifan mereka dalam diskusi serta keinginan untuk memperoleh pelatihan lanjutan seperti pemasaran digital dan pembuatan proposal bisnis. Kegiatan ini tidak hanya memberikan pengetahuan, tetapi juga memperkuat kolaborasi antara akademisi dan masyarakat dalam mendukung kemandirian ekonomi lokal. Selain itu, kegiatan ini ditutup dengan pemberian bantuan berupa perangkat pendukung operasional kepada pengurus PRM Ambarketawang Selatan sebagai wujud keberlanjutan program. Pengabdian ini menunjukkan bahwa pelatihan tematik berbasis kebutuhan riil UMKM sangat relevan dan bermanfaat dalam meningkatkan kapasitas usaha secara konkret.