Jurnal REP (Riset Ekonomi Pembangunan)
Vol. 9 No. 1 (2024): April 2024

THE IMPACT OF E-COMMERCE ON INDONESIA ECONOMIC GROWTH: INTERMEDIATION MODELS WITH FINANCIAL TECHNOLOGY CONSTRAINT

Ririn Nopiah (Universitas Bengkulu, Indonesia)
Retno Agustina Ekaputri (Universitas Bengkulu, Indonesia)
Barika Barika (Universitas Bengkulu, Indonesia)
Ratu Eva Febriani (Universitas Bengkulu, Indonesia)



Article Info

Publish Date
17 Apr 2024

Abstract

The COVID-19 pandemic triggered economic shocks that adversely affected the global economy. Economic growth contracted significantly. Restrictions on economic activity trigger people's shopping behavior to switch to non-cash and online systems. E-commerce, as one part of digital economic transformation, has experienced a significant increase which impacts the flow of dissemination of ideas, innovations, and information, thus encouraging economic growth. This study analyzes the Impact of e-commerce on economic growth in Indonesia during the COVID-19 pandemic using intermediation models and fixed effect analysis. The results show that e-commerce negatively and significantly impacts economic growth during 2019 and 2021. Because e-commerce stimulates economic growth in a country but needs to be supported by quality infrastructure, quality broadband internet, online security (cyber security), and digital payment systems (e-payment). The variables of online financing, efficiency of government spending, length of schooling, and number of tourists have a positive and significant effect. Meanwhile, the poverty rate and human development index have a negative and significant effect. In maximizing e-commerce activities in Indonesia, strong support and collaboration from the government, financial institutions, and the Ministry of Communication and information technology are needed.

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Journal Info

Abbrev

rep

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal REP (Riset Ekonomi Pembangunan) publishes articles based on research from researchers, teachers, lecturers, students, and education observers. Scope of Jurnal REP (Riset Ekonomi Pembangunan) are: economic development, economic policy, economic planning, public economy, regional economics, ...