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INDONESIA
Agregat: Jurnal Ekonomi dan Bisnis
ISSN : 25495658     EISSN : 25497243     DOI : -
Core Subject : Economy,
Agregat: Jurnal Ekonomi dan Bisnis (Journal of Economics and Business) is aimed at being a medium for research results dissemination and scientific paper exchanges on the Indonesian economy and business among academics, practitioners, regulators, and public. Agregat: Jurnal Ekonomi dan Bisnis (Journal of Economics and Business) is issued two times annually, i.e., in March, and September.
Arjuna Subject : -
Articles 186 Documents
Covid-19: The Global Pandemic and its Impact on the Indonesia Economy Rif'atul Fitriyah; Ikbar Luqyana
Agregat: Jurnal Ekonomi dan Bisnis Vol. 5 No. 2 (2021)
Publisher : Universitas Muhammadiyah Prof. DR HAMKA.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22236/agregat_vol5/is1pp78-96

Abstract

2019-nCoV is officially referred to as SARS-CoV-2 and is a major cause of a disease called Covid-19. Indonesia announced the first victims of this epidemic of 2 people on 2 March 2020 then. Until March 29, 2020, the number of victims continues to grow reaching 1,285 people. This pandemic occurs at a global level, causing the industrial world to decline and it seems that some industrial organizations cannot survive as a result of this pandemic. The objective of this study is to analyze the impact of the Covid-19 outbreak which impacted on economic shocks in Indonesia. The economic shocks represented in this study are a decrease in people's purchasing power and turnover of business actors to a decrease in tax performance as a source of state revenue. The analytical method used in this research is to use a variety of policies decided by policy makers as an effort to save Indonesia from a prolonged economic crisis. The results showed that the Indonesian economy experienced a decline, ranging from the taxation sector to the stock market. The decline was the worst compared to the crisis that occurred in 1998 and the lowest in Asia.
Competitiveness and Economic Growth of 5 ASEAN Countries Fadeli Yusuf Afif; Marselina; I Wayan Suparta
Agregat: Jurnal Ekonomi dan Bisnis Vol. 5 No. 2 (2021)
Publisher : Universitas Muhammadiyah Prof. DR HAMKA.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22236/agregat_vol5/is1pp78-96

Abstract

This study aims to analyze the state competitiveness condition of the Corruption Perception Index, political risks, and Foreign Direct Investment and their effects on ASEAN economic growth. The data used is panel data consisting of time series data for 2009 - 2019 and cross sections of five ASEAN developing countries with the highest level of competitiveness, namely Malaysia, Indonesia, the Philippines, Thailand and Vietnam. The variables used are economic growth, competitiveness, Corruption Perception Index, political risk, and Foreign Direct Investment. The analysis tool used is panel data regression, the Fixed Effect Model (FEM). The results showed that competitiveness, Corruption Perception Index, political risk, and Foreign Direct Investment had a positive and significant effect on the economic growth of the five ASEAN countries in 2009-2019. In an effort to increase the country's daylight power, of the 12 pillars, Indonesia, Vietnam and the Philippines are superior in market value that are ranked 7th, 26th and 31st. Malaysia and Thailand are superior in financial system values which are ranked 15th and 16th This shows that there is a need to improve the other pillars to encourage increased daytime power and can increase a country's economic growth.
Asymmetric Dependence Between Stock Market Returns and News During COVID-19 Financial Turmoil (Case Study SSE 50, SET 50, LQ45, and STI Index) Putri Sulistyowati; Brady Rikumahu
Agregat: Jurnal Ekonomi dan Bisnis Vol. 5 No. 2 (2021)
Publisher : Universitas Muhammadiyah Prof. DR HAMKA.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22236/agregat_vol5/is1pp78-96

Abstract

The purpose of this study is to see the asymmetric dependence between stock returns and news during the financial turmoil during COVID-19 on the SSE 50, SET 50, LQ45, and STI indices simultaneously or partially. Observations have been carried out for 216 working days from 3 January 2020 to 30 October 2020. The population in this study is the share prices of all stocks listed on the stock exchanges of China, Thailand, Indonesia, and Singapore. The research sample was SSE 50, SET 50, LQ45, and STI indices for the period January 2020 - October 2020. This research is quantitative using quantile regression. Method and involves Eviews 10 in its data analysis. The results show that RavenPack news index (the panic index/PI, the media hype index/HY, the fake news index/FNI, the country sentiment index/CSI, the infodemic index/CTI, dan the media coverage index/MCI), Credit Default Swap (CDS) rate on 5 year bonds issued by the central government, and the daily closing price of gold during weekdays in the period 3 January 2020 - 30 October 2020, there is no significant effect on stock returns on the SSE 50, SET 50, LQ45, and STI indices either simultaneously or partially.
Antecedents of Taxpayers Compliance: Evidence from Central Java Nurul Aulia Dewi; Arya Samudra Mahardhika
Agregat: Jurnal Ekonomi dan Bisnis Vol. 5 No. 2 (2021)
Publisher : Universitas Muhammadiyah Prof. DR HAMKA.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22236/agregat_vol5/is1pp78-96

Abstract

The study aimed to analyze the effect of Motivation, Awareness and Service Quality to Taxpayers Compliance at KPP Pratama Kebumen. The research method used descriptive statistics using primary data obtained by distributing online questionnaires in the form of google form to individual taxpayers registered at KPP Pratama Kebumen. The analysis method used in this research is multiple linear regression using SPSS 24 for Windows. The results of the coefficient of determination (R2) are the value of Adjusted R Square of 54.8% which indicates that taxpayers’ compliance is influenced by the variables of Motivation, Awareness and Service Quality. The results of this study indicate that motivation has a significant effect in a positive direction on taxpayer compliance, while awareness and service quality had no effect on taxpayer compliance.
Product Innovation on Customer Satisfaction and Brand Loyalty of Smartphone Users Yuni Winarti; Sumitro Sarkum; Abd. Halim
Agregat: Jurnal Ekonomi dan Bisnis Vol. 5 No. 2 (2021)
Publisher : Universitas Muhammadiyah Prof. DR HAMKA.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22236/agregat_vol5/is1pp78-96

Abstract

This study investigates the effect of product innovation attributes (Relative advantage, Complexity, Compatibility, Trialability, and observability) on customer satisfaction and loyalty with experience as a moderator between customer satisfaction and brand loyalty. This study uses quantitative methods, using the help of SPSS 23, and uses a path analysis approach to determine the relationship between variables. Based on a sample of 100 people living in the Labuhan Batu Regency area, it was found that Relative advantage, Complexity, Compatibility, Trialability, and Observability had a positive effect on customer satisfaction. These results also found that the product innovation attribute was a major predictor of customer satisfaction. The results of the study reveal that loyal customers use smartphone services in accordance with and consistent with the given perceptions. In addition, the research results illustrate that customer satisfaction has a significant effect on brand loyalty. Furthermore, this study also found that experience significantly moderates customer satisfaction and brand loyalty. As a practical implication in good market competition, companies need to understand the needs of customers and provide added value to customers by providing innovative products. Innovation in a product can increase customer satisfaction and make customers commit to a brand. managers need to understand customer needs by creating value accordingly. This study is the first to investigate the relationship between product innovation attributes, customer satisfaction and experience as a moderator. Future research is expected to analyze the role of experience as an independent variable in influencing customer satisfaction and brand loyalty.
Existence of Traditional Markets to Modern Markets in Coastal Areas Eka Hendi Andriansyah; Eka Indah Nurlaili; M. Riadhos Solichin; Naning Eko Noviana
Agregat: Jurnal Ekonomi dan Bisnis Vol. 5 No. 2 (2021)
Publisher : Universitas Muhammadiyah Prof. DR HAMKA.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22236/agregat_vol5/is1pp78-96

Abstract

This study aims to determine whether sales and location of modern markets affect sales in traditional markets. This study uses a quantitative approach, with data collection techniques using questionnaires, interviews, and documentation. The data analysis technique was using a multiple linear regression model using a level of 0.05 (5%) with the classical assumption test. Statistical results show that the Sales variable has an at-count value of 2,049 with an at-table value of 1,666. In the location variable, the t-count value is 3.146 with an at-table value of 1.666 at the 0.02 level. In conclusion, there is an influence between the level of modern market sales on sales turnover in traditional markets. The three dominant indicators are the income level of the community, products, and customers with a significant decline. the influence of modern market location on sales turnover in traditional markets. This condition is dominated by three indicators, including market traffic, availability of parking spaces, and market environment. Traditional markets can survive by increasing their advantages in terms of customer satisfaction through improved service in a family manner, lower product prices, product freshness, and infrastructure through which can be facilitated by the local government.
The Influence of Consumer Behavior and Product Quality on Consumer Decision Making in Choosing Funds as a Financial Technology Mobile Payment Application Agung Raya; Budi Rustandi Kartawinata
Agregat: Jurnal Ekonomi dan Bisnis Vol. 5 No. 2 (2021)
Publisher : Universitas Muhammadiyah Prof. DR HAMKA.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22236/agregat_vol5/is1pp78-96

Abstract

As technology advances and becomes more sophisticated, consumer behavior patternss shift. The presence of such events stimulates diverse corporate industries to compete in order to develop innovation. Businesses in the field of financial technology also use it (Fintech). DANA is a mobile payment application that supports ATM cards for online purchases. Despite the fact that DANA is a new program, it is capable of adapting fast in order to attract users. DANA has proven to be the third most popular app in Indonesia, with the most users and the most downloads. The goal of this research is to analyse the influence of customer behavior and product quality on the selection to use DANA as a mobile payment application. This type of research is quantitative by using descriptive data analysis techniques that use multiple linear hypothesis models with a total of 400 research samples. The results obtained from this study that consumer behavior and quality productx have a significant and positive effect on partial (individual) decision making.As for the results of simultaneous testing (collectively) on consumer behavior and product quality to consumer decision making in choosing DANA as a mobile payment application has a significant effect and the results are accepted.
Expanding Balance Scorecard to Islamic Business Performance Model on Indonesian Muslim Entrepreneurs: Evidence in Southeast Sulawesi La Ode Alimusa Musa; Sitti Zakiah Ma'mun; Abdul Rahman; Ahmad Muhlis Nuryadi
Agregat: Jurnal Ekonomi dan Bisnis Vol. 5 No. 2 (2021)
Publisher : Universitas Muhammadiyah Prof. DR HAMKA.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22236/agregat_vol5/is1pp78-96

Abstract

The purpose of this study is to determine the dimensions of the business performance of Muslim entrepreneurs in Southeast Sulawesi to running a sustainable and competitive advantage. The specific objective is to find a model of alternative business performance measurement of Muslim entrepreneurs which is the development model of Balanced Scorecard by incorporating the factors of shariah such as worship and lawful approach. The method used in this research is Exploratory Factor analysis. The sampling method is non-probability sampling with 120 samples collected through survey questionnaires. Based on the results of the discussion, it can be concluded that three main factors determine business performance; integrated business strategy factors, internal business targets& encouragement, and Islamic business practice. Thus the integration of the business orientation with the material approach to business practices based on Islamic business principles such as halal product orientation and worship motivation can improve the performance of competitive and sustainable SMEs. Keywords: Balanced Scorecard; Islamic business performance; Muslim entrepreneurs
The Externality Of Global Covid-19 And Policy Response On Macroeconomic Stability In Indonesia: Back To Basic Farida Farida; Nur Wahyuni; Marhalinda Marhalinda; Nursina Nursina; Estu Mahanani
Agregat: Jurnal Ekonomi dan Bisnis Vol. 6 No. 1 (2022)
Publisher : Universitas Muhammadiyah Prof. DR HAMKA.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22236/agregat_vol6/is1pp17-35

Abstract

The COVID-19 pandemic has had an externality impact on the world's economy, including Indonesia's. Considering Indonesia has an open system economy, International economic turmoils, along with the COVID-19 and Indonesia's weak external stability, have cast a dreary outlook of a future crisis. Therefore, capacity-based policies are necessary to encourage economic recovery and avoid a contraction. The applied model is an open-economy simple equation from the aggregate aspects of supply and demand. The research result shows that external financing does not lead to investment spillover in Indonesia. The policy response in this research suggests the need for an expansive fiscal policy that creates jobs. The expected policy implications are to ease the reliance on foreign fundings for development and prioritize support for domestic industries. In alleviating the COVID-19 effect in the short-term, the right policy is to maintain consumption through cash social assistance, but the distribution must be closely monitored.
Post-Pandemic Economic Recovery Strategy Through The UMKM and Tourism Sector: Experience From Indonesia Mega Metalia; Sobrotul Imtikhanah
Agregat: Jurnal Ekonomi dan Bisnis Vol. 6 No. 1 (2022)
Publisher : Universitas Muhammadiyah Prof. DR HAMKA.

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

The Covid-19 outbreak, which has infected almost all parts of the world, has an impact on all dimensions, be it social, political and economic. The impact is felt, especially by UMKM and tourism, because these condsector has a great influence on economic growth, therefore there needs to be a special strategy in economic recovery. The aim of this paper is to look at the state of the world economy due to the pandemic, economic recovery strategies in the UMKM sector and tourism. The method used is descriptive qualitative by using a content analysis technique approach and literature study. From the results of this study, there are several countries that provide salary subsidies to workers, encourage the development of innovation, relaxation of loans and digitalization in both UMKM and tourism. Meanwhile, Indonesia's economic recovery strategy in the UMKM sectoris: providing assistance to business actors, providing tax incentives, credit relaxation and restructurization, expansion of working capital financing, product support, and e-learning training. Then the economic recovery strategy in the tourism sector, developing tourism products, developing tourist destinations, developing tourism human resources, developing tourism institutions, and managing tourism infrastructure.