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INDONESIA
INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE
Published by CV. Adiba Aisha Amira
ISSN : -     EISSN : 30260221     DOI : -
Core Subject : Economy,
Economics, Econometrics & Finance
INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE (INJOLE) is a scientific journal that publishes articles in the Business field includes conceptual ideas in the fields of Economics, Accounting, Management, business. The scopes are Human Resource Management, Marketing Management, Financial Management, Production/Operational Management, Strategic Management, Islamic Business Management, Halal Industry Management, Hajj and Umro Management, Zakat and Waqf/ Islamic Philanthropy Management, Tourism Management, Banking Management, Industrial Management, Agribusiness Management, Business Administration.
Arjuna Subject : Ilmu Sosial - Ilmu Sosial (Lain-Lain)
Articles 410 Documents
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THE ROLE OF CREATIVITY IN ENTREPRENEURIAL SUCCESS Ani Kusumaningsih; Silvia Ekasari; Adih Supriadi; Titis Nistia Sari; Akbar Tanjung
INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE Vol. 2 No. 2 (2024): February
Publisher : Adisam Publisher

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Abstract

Creativity is an important element in the entrepreneurial process, forming the foundation for innovative ideas that drive business success. Entrepreneurship is the quality of a person's conscience, character, and will that enables them to creatively bring new ideas into the world. Someone who applies entrepreneurial principles will work independently, by starting their own business and using available resources creatively and innovatively. he approach is a review of the literature using knowledge of earlier studies' data obtained from journals. references on the internet relating to the role of creativity in entrepreneurial success. Based on this study, it was found that success in the world of entrepreneurship really depends on the level of creativity, because creativity functions in driving and developing business. In other words, business progress and success is closely related to the level of innovation that can be produced. A new venture's success can be greatly influenced by its creative energy. Whether it's creating original goods or services or coming up with creative fixes for problems, others' creativity can serve as a catalyst for their own successful entrepreneurship.
A COMPREHENSIVE STUDY OF SOCIAL AND ECONOMIC TURMOIL: IMPLICATIONS OF THE PROPOSED 40-75 PERCENT ENTERTAINMENT TAX HIKE IN INDONESIA Zainal Arifin; Silvia Ekasari; Dinda Ayu Izmi; Fenny Noor Salam; Teguh Prakoso
INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE Vol. 2 No. 2 (2024): February
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Abstract

This comprehensive study delves into the multifaceted implications of Indonesia's proposed 40-75 percent entertainment tax hike, shedding light on the intricate social and economic landscape it unveils. Focusing on sectors like spas, bars, nightclubs, and karaoke joints, the proposed tax has elicited significant opposition from businesses and workers, triggering concerns about its impact on Indonesia's society. From an economic perspective, spa owners, particularly in Bali, have contested the tax increase, emphasizing potential job losses and economic fallout beyond business owners. The study reveals the profound social implications, emphasizing the threat to financial stability for individuals like Murniyati, a taxi driver dependent on the entertainment sector. Government responsiveness to these concerns, as indicated by a delayed tax hike pending evaluation, reflects a commitment to holistic assessment. Situating the tax within Indonesia's economic policies, the study calls for a balanced approach that considers the interdependencies within the entertainment sector. A legal perspective highlights court challenges, adding a layer of uncertainty for businesses. Regional and demographic differentials, global economic considerations, cultural dimensions, and digital discourse are explored, offering a comprehensive understanding. In exploring societal ramifications, the study considers entertainment services' cultural and social value, emphasizing the need for policies to preserve cultural diversity. The economic landscape is examined for potential ripple effects on employment, and alternative fiscal measures are proposed for a balanced approach. Historical contexts and fairness assessments contribute to a forward-looking perspective.
FACTORS AFFECTING PHYSICAL INVESTMENT IN ASEAN COUNTRIES Nano Prawoto
INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE Vol. 2 No. 2 (2024): February
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Abstract

This study aims to analyze the effect of economic growth, labor force, interest rate, tax revenue, trade, and industrial value added on gross fixed capital formation / PMTB in ASEAN countries with a panel data approach. The methodology used in this study is panel data regression with Fixed Effect Model approach. The data used in this study are from 2001 to 2021 in 5 ASEAN countries. The results of this study show that labor force, trade value and industrial value added have a positive influence on gross fixed capital formation, while economic growth, interest rate and tax revenue have a negative influence on gross fixed capital formation. The implication of this research is that ASEAN countries must increase the competitiveness of industrial products to increase capital inflow in the ASEAN Region.
TOWARDS THE FUTURE: DIGITAL TRANSFORMATION IN INDONESIAN BANKING AND ITS IMPLICATIONS FOR ECONOMIC GROWTH AND PUBLIC PROSPERITY Hermiyetti, Hermiyetti
INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE Vol. 2 No. 2 (2024): February
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Abstract

Digital transformation has emerged as a pivotal force reshaping the Indonesian banking sector, with profound implications for economic growth and public prosperity. This paper comprehensively analyzes the trends, challenges, and opportunities associated with digital transformation in Indonesian banking. By examining the adoption of digital channels, fintech innovations, and regulatory frameworks, this study highlights the transformative impact of digitalization on traditional banking practices and customer interactions. Additionally, it explores the Role of regulatory bodies in fostering a conducive environment for digital financial services and promoting financial inclusion. The findings underscore the potential of digital transformation to drive economic growth, enhance operational efficiency, and extend banking services to underserved populations. However, challenges such as cybersecurity risks, regulatory compliance issues, and talent shortages must be addressed to realize the full benefits of digitalization. By prioritizing cybersecurity measures, fostering innovation, and investing in talent development, Indonesian banks can navigate the complexities of the digital age and contribute to sustainable economic development and public prosperity.
RISK ANALYSIS IN ENTREPRENEURIAL DECISION MAKING Rosid, Abdul
INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE Vol. 2 No. 2 (2024): February
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Abstract

Being an entrepreneur means having the courage to take risks. Uncertainty that could result in losses is called risk. Making decisions is a way to weigh and choose between various choices. The approach is a review of the literature with an awareness of prior research findings on risk analysis in entrepreneurial decision making that is obtained from online journal references. This study's findings indicate that decision-making is necessary throughout the entire lifecycle of entrepreneurial endeavors. This includes the planning phase, the implementation phase, or operationalization of activities, and the supervision phase, which entails monitoring, verifying, and evaluating the plan's implementation's outcomes to ensure that the goals are met in terms of quantity, quality, cost, and the effective and efficient use of other resources.
LITERATURE REVIEW: COMPREHENSIVE UNDERSTANDING OF DYNAMICS AND CHALLENGES IN ENTREPRENEURSHIP DEVELOPMENT IN INDONESIA Eliagus Telaumbanua; Silvia Ekasari; Henny Noviany; Dakwan Soaloon Harahap; Iwan Kusnadi
INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE Vol. 2 No. 2 (2024): February
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Abstract

Entrepreneurship development in Indonesia is a multifaceted phenomenon influenced by various factors and characterized by opportunities and challenges. This literature review provides a comprehensive understanding of the dynamics and challenges shaping entrepreneurship in Indonesia. It explores the role of government policies, education and training programs, access to finance, supportive infrastructure, and international collaboration in fostering entrepreneurship. Additionally, the review delves into the driving factors of entrepreneurship, including cultural, economic, educational, technological, social, and regulatory dimensions. Furthermore, it examines the challenges hindering entrepreneurship development, such as access to finance, skills and talent shortages, regulatory burdens, market competition, infrastructure deficiencies, and socio-cultural constraints. By synthesizing existing literature, this review aims to provide insights into the intricacies of entrepreneurship development in Indonesia and offer recommendations for policymakers, stakeholders, and researchers to address critical challenges and unlock the full potential of the entrepreneurial ecosystem.
MERGER OF BANK MUAMALAT AND BANK BTN SYARI'AH (MASLAHAH MURSALAH PERSPECTIVE) Tasya Anjani; Dedi Sunardi
INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE Vol. 2 No. 2 (2024): February
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Abstract

Backgrounds: It is believed that Bank Muamalat Indonesia's merger policy with Bank BTN Syari'ah can strengthen the market share of the two banks themselves, where Bank BTN focuses on subsidized home financing in collaboration with Bank Muamalat Indonesia which focuses on retail financing. Objectives Therefore, this research aims to analyze the merger policy of Bank Muamalat Indonesia with Bank BTN Syari'ah Indonesia from the maslahah murlah perspective. Methods: This research is qualitative research with a descriptive approach, namely describing the advantages and disadvantages of the merger of Bank Muamalat Indonesia with BTN Syari'ah Indonesia. The data used in this research is secondary data that researchers obtained from books, scientific journals, magazines, newspapers and various other credible sources. These data were analyzed using the stages of data collection, data reduction, data selection, and drawing conclusionstool. Results and Conclusions: the merger of Bank Muamalat Indonesia and BTN Syari'ah Indonesia is in line with the principle of maslahah murlah, namely to bring benefits, goodness and avoid damage in terms of increasing the sharia banking market share, increasing Bank Muamalat's assets. and BTN Syari'ah, and increasing strength in achieving surplus due to collaboration in subsidized housing financing and retail financing between Bank Muamallat and Bank BTN Syari'ah.
THE NEXUS BETWEEN TAX POLICY DYNAMICS AND THE COMPLEXITIES OF POLITICAL AND SOCIO-ECONOMIC STABILITY IN INDONESIA Antoni
INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE Vol. 2 No. 2 (2024): February
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Abstract

Tax policy plays a crucial role in shaping the socioeconomic landscape of nations, reflecting political ideologies and priorities while impacting political dynamics and socioeconomic stability. This paper comprehensively analyzes the intricate relationship between tax policy dynamics and the complexities of political and socio-economic stability in Indonesia. By examining the influence of political ideologies on tax policy formulation and the role of political institutions in shaping tax policies, this study elucidates the underlying mechanisms driving tax policy decisions. Furthermore, empirical insights from studies on tax policy in Indonesia shed light on the impact of tax policies on income distribution, economic growth, and social welfare outcomes. Drawing on theoretical frameworks and comparative analyses, this paper identifies key challenges facing tax policy implementation and offers recommendations to fortify tax policy frameworks, foster fiscal sustainability, and promote inclusive development in Indonesia.
THE ROLE OF SHARIA ECONOMICS IN REALIZING GOLD INDONESIA 2045 Muhamad Abdul Rohman Rosid; Dian Febriyanti
INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE Vol. 2 No. 2 (2024): February
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Backgrounds Researchers believe that the Islamic economy can have a strong contribution in supporting the creation of a Golden Indonesia 2045 with the potential for Indonesia to have the largest Muslim population in the world and a business sector that has greater growth potential. Objectives Therefore, this research aims to analyze the role of Sharia Economics in Realizing Golden Indonesia 2045. Methods: This research is qualitative research with a descriptive approach, namely describing the role of Sharia Economics in supporting the creation of a Golden Indonesia 2045 Results and Conclusions: The economy is getting serious attention with the potential for the largest Muslim population in the world. Due to the role of sharia economics in supporting the creation of a Golden Indonesia 2045 which is measured by per capita income which is equivalent to the per capita income of developed Indonesia and the poverty rate which is at 0.6% -0.8%, increasing Indonesia's position on SGIE with these six indicators will help Achieving a Golden Indonesia is based on the assumption that increasing the sharia financial market can increase employee income in the sharia financial sector, increasing the lifestyle and halal food market can increase employment opportunities and income levels.
THE RELATIONSHIP BETWEEN EMPLOYEE ENGAGEMENT AND BONUS COMPENSATION TO MARKETING STRATEGY IMPROVEMENT IN INDONESIAN SMES Burhanuddin, Burhanuddin
INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE Vol. 2 No. 2 (2024): February
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Abstract

This study examines the complex connections among employee involvement, bonus pay, and enhancement of marketing strategies in Small and Medium-sized Enterprises (SMEs) in Indonesia. A thorough study was carried out, collecting feedback from 268 individuals from various sectors and job positions. The research uses Structural Equation Modeling with Partial Least Squares (SEM-PLS) to examine the data. The results show important connections: employee involvement has a good effect on upgrading marketing strategies, and more pay is crucial in boosting employee engagement and directly affecting the effectiveness of marketing strategies. The research provides useful information for Indonesian small and medium-sized enterprises looking to enhance employee interactions and reward systems to achieve better marketing results.

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