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All Journal EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis Multidiciplinary Output Research for Actual and International Issue (Morfai Journal)
M. Wahyu Shihab
Universitas Sumatera Utara
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Optimizing Village Sustainability, Village Funds, And Tourism Strategic Plan For Household Welfare In The Coastal Area Of South Nias Regency Ahmad Jumadin Gulo; M. Wahyu Shihab; Irsad Lubis
EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis Vol 13 No 1 (2025): Januari
Publisher : UNIVED Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37676/ekombis.v13i1.7238

Abstract

This research is motivated by the implementation of the Sustainable Development Goals (SDGs) applied by the central government to regions up to the village level, through programs tailored to local conditions. Sustainable development is expected to reduce inequality between villages and cities. However, its implementation in South Nias Regency still faces obstacles, especially in the allocation of village funds that have not had a significant impact on the development and economy of the community. This problem is related to politics, unilateral policies, and the slow process of fund disbursement, which has led to community complaints due to the lack of income and support from the government. The research was conducted in Botohili Sorake Village, with the aim of analyzing the influence of Village SDGs, Village Funds, and Tourism Strategic Plan on tourist visits and household welfare. The research sample consisted of 200 households with data collected through questionnaires and analyzed using the SEM (Structural Equation Modeling) method with Amos version 23.0 software. The results showed that the variables of Village SDGs, Village Fund, and Tourism Strategic Plan had a significant effect on tourist visits. However, only the Tourism Strategic Plan has a significant effect on household welfare, while the Village SDGs and Village Fund do not. This study recommends that the government manage village funds wisely and transparently, and support infrastructure development and tourism promotion. In addition, it is important to work with educational institutions to improve people's understanding of the SDGs, which can ultimately improve their welfare.
THE INFLUENCE OF MACROECONOMIC DYNAMICS ON ECONOMIC GROWTH IN DEVELOPING G20 COUNTRIES M. Wahyu Shihab; Sirojuzilam; M. Syafii
Multidiciplinary Output Research For Actual and International Issue (MORFAI) Vol. 6 No. 1 (2026): Multidiciplinary Output Research For Actual and International Issue
Publisher : RADJA PUBLIKA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.5281/zenodo.18639801

Abstract

This study investigates the long-run and short-run effects of macroeconomic variables—inflation, interest rates, exchange rates, foreign direct investment (FDI), and government expenditure—on economic growth using annual panel data from nine developing G20 economies over the period 2000–2023. The Panel ARDL model with the Pooled Mean Group (PMG) estimator is applied to capture cross-country heterogeneity while ensuring consistent long-run estimates. Long-run results indicate that inflation (β=0.147; p<0.01), FDI (β=0.191; p<0.01), and government expenditure (β=0.390; p<0.01) positively and significantly affect GDP growth, whereas interest rates exert a negative impact (β=-0.249; p<0.01). Exchange rates show no significant long-run effect. In the short run, FDI (β=0.046; p<0.05) and exchange rate (β=0.876; p<0.01) significantly stimulate growth, while inflation shows marginal significance (β=0.044; p<0.10). The error correction term (β=-0.846; p<0.01) confirms rapid adjustment toward equilibrium. These findings highlight the importance of inflation stability, prudent monetary policy, FDI promotion, and efficient fiscal spending in sustaining economic growth across developing G20 countries.
Co-Authors Ahmad Jumadin Gulo Aiga Fadillah, Rahmanta Ginting, Irsad Lubis M Syafii Sirojuzilam