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AFEBI Economic and Finance Review
ISSN : 25485261     EISSN : 2548527X     DOI : -
Core Subject : Economy,
AFEBI Economic and Finance Review (AEFR) is an academic journal which is published twice a year (June and December) by The Association of The Faculty of Economics and Business Indonesia. AEFR is aimed as an outlet for theoretical and empirical research in the field of economics and to disseminate the information of the economics research was conducted by members of AFEBI in particular and researchers in general to the academics, practitioners, students, and others who interested in economics research.
Arjuna Subject : -
Articles 172 Documents
Scoping Review of Green Innovation Development in Indonesia Dinata, I Putu Hendy Bimantara; Saragi, Daniel Edgar Hirasma; Firmansyah, Amrie
AFEBI Economic and Finance Review Vol. 9 No. 1 (2024): June
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

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The purpose of this research is to identify the expansion of GI in Indonesia. We use the scoping review method to answer the research objective. This research is divided into three clusters, i.e., the practice of GI in small and medium enterprises, the practice of GI on the listed company in the Indonesia Stock Exchange, and other issues about GI development in Indonesia. GI has been applied in the business sector with broad and varied stakeholders. It positively impacts the firm performance and the company's competitive advantage. This research can have implications for business owners to implement GI immediately.
African and Asia-Pacific Regional Trade Agreements: A Comparative Analysis Olalekan, Olatunbosun
AFEBI Economic and Finance Review Vol. 9 No. 1 (2024): June
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

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This study compares the African Continental Free commerce Area (AfCFTA) and the Regional Comprehensive Economic Partnership (RCEP) on regional trade, economic growth, and geopolitics. This study examines how these agreements affect regional trade and economic integration using a thorough evaluation of recent empirical data and theoretical frameworks. A comprehensive literature analysis, data extraction, and quality assessment from multiple academic databases for 2010–2024 research are used. AfCFTA is projected to expand intra-African trade especially the manufacturing and agriculture sector, and is anticipated to enhance Africa's GDP. RCEP has increased trade volumes also. According to Viner's theory of trade formation and diversion, these agreements are crucial to economic stability and regional cooperation. This study sheds light on regional trade agreements' economic benefits and encourages future research on their long-term socio-economic and policy ramifications.
Stock Valuation of Aviation Subsector Pre and Post-Pandemic COVID-19 Andriani, Dwi; Martia, Dina Yeni; Fatimatuzzahro, Naila; Thoriq, Ziqri; Pinandhito, Kenneth
AFEBI Economic and Finance Review Vol. 9 No. 1 (2024): June
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

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The study aims to assess the company's shares before, during, and after the COVID-19 pandemic by comparing the market price and the company's intrinsic value. The focus of the research is the intrinsic value of the company using the Price Earning Ratio (PER) and Price to Book Value (PBV) approaches, then compared to the market price so that it can find out the stock valuation to make investment decisions. The study analyzed the shares of the airline sector listed on the IDX from 2018 to 2022. The research sample is three companies selected using the purposive sampling technique. The three companies implement environmentally friendly aviation fuel (SAF) and have developed the intelligent airport concept for AP II since 2016. Data processing shows that before the pandemic (2018 - 2,019), the condition of aviation sub-sector stocks was worth buying because the market price was smaller than the intrinsic value. However, under the COVID-19 pandemic (2020 - 2021), the aviation sub-sector stocks are not recommended to be purchased because the market price is greater than the intrinsic value. After Covid 19 (2022), several aviation sub-sector stocks are worth buying, and one is less; therefore, the COVID-19 pandemic gave rise to a recommendation that aviation sub-sector stocks are worth buying because the operations of aviation companies are back to normal. Keywords: Covid 19; Intrinsic Value; Price Earning Ratio (PER); Price to Book Value (PBV)
Detrminants of International Migration: Application of the Gravity Model Pebrianti; Yunisvita; Dwi Melliny, Vinny
AFEBI Economic and Finance Review Vol. 9 No. 1 (2024): June
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

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This study aims to analyze the application of the gravity model by looking at the effect of the Destination Country Labor Force, Home Country Labor Force, Inter-Country GDP Ratio, and Inter-Country Distance on the Number of Indonesian Labor Migration. The data used are time series data from 2013 to 2022 and cross section data on 15 destination countries for Indonesian workers with panel data regression analysis techniques. Based on the results of the Fixed Effect Model (FEM), the Destination Country Labor Force and Inter-Country Distance have a negative and significant effect on the Number of Indonesian Labor Migration, while the Home Country Labor Force and Inter-Country GDP Ratio have a positive and significant effect on the Number of Indonesian Workers. The West Asia region and Saudi Arabia have the lowest intercept values, while the highest intercept values are in the East Asia region and in China. The difference in intercepts shows the difference in the number of Indonesian workers as a whole caused by the different characteristics of each region and country.
Determinants of Economic Growth in Lower-Middle and Upper-Middle Income Asean Countries: The Role of Foreign Debt, Foreign Capital Investment, Trade Openness, Labor, and Government Expenditure Nurushofiah, Iin; Iskandar, Deden Dinar
AFEBI Economic and Finance Review Vol. 9 No. 1 (2024): June
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

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This research aims to determine the influence of foreign debt, foreign investment, trade openness, labor, and government expenditure on economic growth in ASEAN middle to lower-middle-income countries from 2000-2019. This research uses panel data with secondary data obtained from reports published by the World Bank and the Malaysian Authority. The analytical model used in this research is a multiple linear regression model equipped with the help of the Eviews 10 program. To see the influence of the independent variable on the dependent variable, the best estimation model was chosen, namely the fixed effect model (FEM). The results of this research show that foreign debt, foreign investment, trade openness, labor, and government expenditure simultaneously have a significant influence on the economic growth of ASEAN lower-middle-income countries in 2000-2019. Meanwhile, partially it shows that the foreign debt variable has a negative but not significant effect on the economic growth of ASEAN lower middle - upper middle-income countries. The variables of foreign investment, labor, and government expenditure have a positive and significant effect on the economic growth of lower-middle and upper-middle-income ASEAN countries. Meanwhile, the trade openness variable has a positive but not significant effect on economic growth in ASEAN lower middle - upper-middle-income countries.
Financial Development, Financial Inclusion, and Poverty Reduction in Nigeria Hassan, Bello; Gbemisola, Olajide
AFEBI Economic and Finance Review Vol. 9 No. 1 (2024): June
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

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This study explores the intertwined roles of financial development and financial inclusion in alleviating poverty, with a focus on Nigeria. Financial development enhances capital allocation and economic growth, while financial inclusion ensures access to affordable financial services for marginalized populations. Together, they support poverty reduction by promoting investment, entrepreneurship, and risk management. Despite Nigeria's progress with initiatives like the National Financial Inclusion Strategy, challenges such as poverty, unemployment, and inequality persist, hindering widespread benefits. Microfinance institutions and digital financial services, like mobile money, have made strides in reaching underserved regions. However, barriers such as high interest rates, low digital literacy, and unequal access to financial services remain significant. This study examines statistical trends and the effectiveness of financial strategies in fostering sustainable economic growth and poverty alleviation. It underscores the need for enhanced infrastructure, digital education, and trust in financial systems to achieve inclusive development. By addressing these challenges, policymakers and institutions can unlock the full potential of financial inclusion and development as pivotal tools for poverty reduction in Nigeria. Keywords: Financial development, Financial inclusion, Poverty alleviation, Microfinance institutions and Digital financial services
The Impact of Corruption Perception Index, Foreign Direct Investment and Economic Freedom on Economic Growth in Asean Countries 2012-2021 Hidayati, Yuli Nurul; Bashir, Abdul
AFEBI Economic and Finance Review Vol. 9 No. 2 (2024): December
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

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This research aims to analyze the influence of Corruption Perceptions Index , Foreign Direct Investment and Economic Freedom on economic growth in ASEAN countries . The data used is secondary data obtained from the world bank , transparency international and the heritage foundation for the period 2012 to 2021. The data analysis technique used is Panel Data Regression Analysis. Based on the research results , it was found that the Corruption Perception Index had a negative and insignificant impact on economic growth . Meanwhile, the Foreign Direct I nvestment variable has a significant positive relationship and the Economic Freedom variable produces a significant negative relationship with economic growth in ASEAN member countries.
Affectors on the Manufacturing Sector’s Labor Absorption Dina Hadia; Octafia, Sri Mona; Weriframayeni, Annisa
AFEBI Economic and Finance Review Vol. 9 No. 2 (2024): December
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

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Economic development that focuses on the industrial sector is a major driving force of economic growth, including in providing employment for the workforce. Therefore, this study aims to determine the effect of industrial sector investment, industrial sector wages, industrial sector GRDP, and the number of industries on labor absorption in the manufacturing industry sector in West Sumatra. The analysis method used in this study is Multiple Regression Analysis using time series data from 1996-2012. The independent variables used in this study are industrial sector investment, industrial sector wages, industrial sector GRDP, and the number of industries, while the dependent variable is labor absorption in the manufacturing sector. The results of this study show that simultaneously all four independent variables in this study have an effect on the dependent variable. However, partially, the industrial sector investment variable does not have a significant effect on labor absorption, and the industrial sector GRDP variable has a negative and significant effect on labor absorption, while the wage and number of industries variables have a positive and significant effect on labor absorption in the manufacturing industry sector in West Sumatra.
Analysis of the Impact of Fiscal Decentralization on Education Output on the Islands of Java and Bali 2010-2019 Astuti, Hanida Widi; Sasana, Hadi; Sugiharti, Retno
AFEBI Economic and Finance Review Vol. 9 No. 2 (2024): December
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

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Fiscal decentralization has been implemented since 2001 with the aim of providing greater capacity to the community for the services that the government provides to the community. This research aims to analyze the impact of education spending, GDP per capita, student to teacher ratio, number of schools on the average student test scores on the islands of Java and Bali in 2010-2019. This research uses panel data sourced from BPS, ministry of education and culture. The method used is the random effect model. From the test results, spending in the education sector has a significant effect on the average student test scores, the ratio of students per teacher, GDP per capita and the number of schools do not have a significant effect on the average test score. Overall, modelling with REM produces an value of 9.3 percent. The results of this research show that increasing average students test scores can be done by increasing spending on education.
The Future of ATMs in the Era of Electronic Banking in Cameroon: A Survival Analysis Huboh, Samuel Ringmu; Takoutio, Virginie Feudjio; Njong, Mom Aloysius
AFEBI Economic and Finance Review Vol. 9 No. 2 (2024): December
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

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The future of automated teller machines (ATMs) has come under scrutiny due to the swift expansion of electronic banking in Cameroon. The lifespan of ATMs in Cameroon is being examined in this study using survival analysis methodologies, given the growing popularity of electronic banking. We estimate the ATM survival function and find factors impacting ATM survival using a dataset of ATM installations and deletions from 2004 to 2022. According to our findings, the median lifespan of ATMs in Cameroon is roughly eight years. The acceptance rate of electronic banking, the use of mobile banking, and the degree of urbanisation are important factors that influence the longevity of ATMs. 40% of Cameroon's present ATMs are expected to be retired by 2027. Our findings indicate the necessity for Cameroonian banks and financial institutions to modify their business plans and make investments in electronic banking infrastructure.