cover
Contact Name
-
Contact Email
-
Phone
-
Journal Mail Official
-
Editorial Address
-
Location
Kota tangerang selatan,
Banten
INDONESIA
Signifikan : Jurnal Ilmu Ekonomi
ISSN : 20872046     EISSN : 24769223     DOI : 10.1016
Core Subject : Economy,
Arjuna Subject : -
Articles 15 Documents
Search results for , issue "Vol 12, No 2 (2023)" : 15 Documents clear
The Happiness of the Sandwich Generation in Bali: the Roles of Family, Social, and Balinese Culture Yuniari, Ni Komang Ayu; Saskara, Ida Ayu Nyoman
Signifikan: Jurnal Ilmu Ekonomi Vol 12, No 2 (2023)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/sjie.v12i2.32315

Abstract

The sandwich generation in Bali, especially Gianyar, which is still thick with its culture, has a dual role in the family, as caregivers for children and parents, breadwinners, and is actively involved in community activities. This study aims to analyze the influence of cultural norms in moderating the effect of family roles and social support on the happiness of the sandwich generation. The samples were 203 generations of sandwiches obtained through accidental sampling techniques and analyzed using Moderated Regression Analysis (MRA). The results showed that cultural norms, social support, and family roles significantly influence the happiness of the sandwich generation. Meanwhile, cultural norms were not variables that moderate the effect of family roles and social support on the happiness of the sandwich generation. This study proposed two central policies to break the sandwich generation chain in Gianyar Regency: socializing the importance of financial literacy so that in the future, a person does not depend on his child for life and forming a parent empowerment group to reduce the burden of the sandwich generation.JEL Classification: M14, J12, I31, L31How to Cite:Yuniari, N. K. A., & Saskara, I. A. N., (2023). Happiness of the Sandwich Generation in Bali: the Role of Family, Social and Balinese Culture. Signifikan: Jurnal Ilmu Ekonomi, 12(2), 355-370. https://doi.org/10.15408/sjie. v12i2.32315.
Optimizing Hajj Fund Management through Strategic Asset Allocation in Islamic Finance Instrument Masruroh, Aini; Rodoni, Ahmad; Pontjowinoto, Iwan P
Signifikan: Jurnal Ilmu Ekonomi Vol 12, No 2 (2023)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/sjie.v12i2.34403

Abstract

The management of Hajj funds must be done effectively using a rigorous standardized risk management approach. This study aims to create a Hajj fund management model using Islamic financial instruments through the optimal portfolio method and strategic asset allocation. The model was built using historical data from 2010–2022, involving Islamic deposits, government sukuk (SBSN), corporate sukuk, and Islamic stocks, which were analyzed with the Markowitz portfolio equation in Excel Solver. The result showed that the optimal portfolio yields an 8.50% expected return with a 4.00% risk; strategic asset allocation produces an 8.25% return with a 2.99% risk. The policy implication of this research is the need to review the initial deposit of pilgrims and explore alternative investments to bridge the gap between the actual cost of Hajj and pilgrims' payments while improving returns.JEL Classification: M31, M37, L92 How to Cite:Masruroh, A., Rodoni, A., & Pontjowinoto, I. P. (2023). Optimizing Hajj Fund Management through Islamic Finance Instrument. Signifikan: Jurnal Ilmu Ekonomi, 12(2), 287-306. https://doi.org/10.15408/sjie.v12i2.34403.
Factors Affecting Economic Growth in Indonesia Yulianita, Anna; Ramadhan, Dimas Resy; Mukhlis, Mukhlis
Signifikan: Jurnal Ilmu Ekonomi Vol 12, No 2 (2023)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

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

Abstract

Inclusive economic growth is an important issue in Indonesia, given the country's uneven economic history and many social and economic inequalities. Despite significant economic progress in recent decades, many Indonesians still live in poverty and are marginalized from economic progress. The data used in this study are panel data from cross-sectional data, namely data from 34 provinces in Indonesia, and time series data, namely data from 2012–2021. The analysis technique used is panel data regression with the fixed effect model method. Based on the results of the study, it is clear that the relationship between poverty, unemployment, and economic inequality is negative and significant for inclusive economic growth in Indonesia. The analysis also emphasizes that efforts to achieve inclusive economic growth should focus on community empowerment, investment in education and training, inclusive infrastructure development, and policies focused on sustainable economic development.JEL Classification: I3, J64, D63, O47How to Cite: Yuanita, A., Ramadhan, D. R, & Mukhlis. (2023). Factors Affecting Economic Growth in Indonesia. Signifikan: Jurnal Ilmu Ekonomi, 12(2), 245-262. https://doi.org/10.15408/sjie.v12i2.31186.
Does Indonesia's High Level of Corruption Affect Its Trade Volume? Yunan, Zuhairan Yunmi
Signifikan: Jurnal Ilmu Ekonomi Vol 12, No 2 (2023)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/sjie.v12i2.35156

Abstract

This article aims to examine the connection between corruption and the amount of trade in several commodities, including raw materials, capital goods, intermediate products, and consumer goods, with a specific emphasis on the Indonesian situation. Indicators of corruption utilized in this article include the Corruption Perception Index (CPI) and the Control of Corruption (COC). Meanwhile, the sum of Indonesia's exports and imports indicated the country's trade volume. For this issue, this article employs the gravity model and regresses it with either a fixed effect or a random effect model. The empirical findings show that both the CPI and COC levels of corruption in Indonesia have a negative impact on the amount of trade in capital goods. However, only the CPI shows a negative correlation with the prevalence of corruption in Indonesia, whereas consumer products, intermediate goods, and raw materials all show a positive correlation. The impact of COC on Indonesia's trade partners is complicated for the commodities this article looked at. The insights generated from this study hold significant value in shaping a more informed and accurate representation of how corruption permeates and impacts international trade dynamics, thus contributing to a more nuanced understanding of this critical issue.JEL Classification: D73, F10, C01How to Cite:Yunan, Z. Y. (2023). Does Indonesia’s High Level of Corruption Affects Its Trade Volume? Signifikan: Jurnal Ilmu Ekonomi, 12(2), 425-440. https://doi.org/10.15408/sjie.v12i2.35156.
Does Financial Inclusion Affect Health Among Older Adults? Evidence from Indonesia Abdurrahman, Adnan; Haryanto, Tri
Signifikan: Jurnal Ilmu Ekonomi Vol 12, No 2 (2023)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/sjie.v12i2.32001

Abstract

While financial inclusion is widely acknowledged as a means to enhance the welfare of all ages, currently, there is no empirical research examining its effects on the health of older adults in Indonesia. This study, therefore, aims to fill the gap by investigating the impact of financial inclusion on the health of older adults in Indonesia using data from the March 2021 National SocioEconomic Survey (SUSENAS). The binary logistics regression was used to assess that effect. The findings reveal that financial inclusion positively benefits the health of older adults in Indonesia, highlighting the importance of policy-making that promotes financial inclusion programs to improve the health outcomes of older adults.JEL Classification: G2, I1, C31How to Cite:Abdurrahman, A., & Haryanto, T. (2023). Does Financial Inclusion Affect Health among Older Adults? Evidence from Indonesia. Signifikan: Jurnal Ilmu Ekonomi, 12(2), 327-340. https://doi.org/10.15408/sjie.v12i2.32001
Socioeconomic and Demographic Causes of Crime Reporting in Indonesia Rajagukguk, Wilson
Signifikan: Jurnal Ilmu Ekonomi Vol 12, No 2 (2023)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/sjie.v12i2.33436

Abstract

Studies on the nexus between socioeconomic and demographic factors and crime reporting are still limited in Indonesia. Therefore, this study aimed to investigate the socioeconomic and demographic causes of crime reporting in Indonesia using data from the results of the 2021 National Socioeconomic Survey. The data were analyzed using a binary logistic regression model. The unit of analysis was the population aged 15 years and older. The dependent variable was whether or not someone who experienced a crime reported it to the police. The independent variables were socioeconomic and demographic factors. The results of the study showed that a lower probability of reporting crime to the police was associated with being female, being younger, having higher educational attainment, living in urban areas, living in Java island, and working, implying the need to improve information, education, and communication on crime reporting among these groups.JEL Classification: A12, J19, K00, K39How to Cite:Rajagukguk, W. (2023). Socioeconomic and Demographic Causes of Crime Reporting in Indonesia. Signifikan: Jurnal Ilmu Ekonomi, 12(2), 413-424. https://doi.org/10.15408/sjie.v12i2.33436.
The Effect of Monetary Variable Shocks on Indonesian Portfolio Investment Fuddin, Muhammad Khoirul; Anindyntha, Firdha Aksari
Signifikan: Jurnal Ilmu Ekonomi Vol 12, No 2 (2023)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/sjie.v12i2.31525

Abstract

Monetary variables can affect portfolio investment in the short or long term. The previous studies rarely discuss the effects of monetary variables in the long and short term on portfolio investment. This study looks at monetary indicators that affect investment portfolios in Indonesia. The methodology used in this research is to use the Vector Error Correction Model (VECM) to see the response of several variables in the short and long term. The findings suggest that monetary policy should pay special attention to Indonesia's money supply (M2) and savings to influence portfolio investment in the short term. The monetary policy transmission mechanism can use the money and expectation channels to optimize monetary variables to control investment. Meanwhile, in the long run, monetary policy portfolio investment control needs to pay attention to interest rates and savings and adjust to the set inflation target, which can be used in the interest rate channel.JEL Classification: E21, E22, E43, E51, E52 How to Cite:Fuddin, M. K., & Anindyntha, F. A., (2023). The Effect of Monetary Variable Shocks on Indonesian Portofolio Invesment. Signifikan: Jurnal Ilmu Ekonomi, 12(2), 307-326. https://doi.org/10.15408/sjie.v12i2.31525.
Unlocking Inclusive Growth: The Impact of Shariah Investment in Indonesia Indra, Indra; Ibrahim, Muhammad Yusuf
Signifikan: Jurnal Ilmu Ekonomi Vol 12, No 2 (2023)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/sjie.v12i2.31935

Abstract

This study investigates the role of Shariah investment in Indonesia's inclusive growth. Shariah investment is measured in terms of Shariah stocks and sukuk. As determinants of inclusive growth, the study also includes several control variables adopted from separate literature, including the effect of COVID-19. In contrast to previous research, testing is conducted using a variety of inclusive growth metrics. Using principal component analysis (PCA) to compute the composite index of inclusive growth and time series regression models with monthly data at the national level from 2011 to 2022, this study finds three main conclusions. Evidence shows that Shariah investment contributes to inclusive growth in Indonesia, but the effects vary. Shariah stocks significantly affect poverty and unemployment, whereas Sukuk affects poverty and inequality. Both contributed to improving the Human Development Index (HDI) and inclusive growth. This study also revealed that COVID-19 was instrumental in reducing Indonesia's inclusive growth performance. This study complements prior empirical research on inclusive growth issues in Indonesia by examining the role of Islamic economics and finance. This research contributes to future policy initiatives to strengthen Indonesia's inclusive growth.JEL Classification: D24, O14, O4How to Cite:Indra & Ibrahim, M. Y. (2023). Unlocking Inclusive Growth: The Impact of Shariah Investment in Indonesia. Signifikan: Jurnal Ilmu Ekonomi, 12(2), 263-274. https://doi.org/10.15408/sjie.v12i2.31935
Informal Traffic Controller: Study on Shadow Economy in Indonesia Chalid, Pheni; Kuswini, Isniati
Signifikan: Jurnal Ilmu Ekonomi Vol 12, No 2 (2023)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/sjie.v12i2.33434

Abstract

The urban low-income segment of society survived on their earnings in the informal sector. This study examines the informal traffic controllers in the shadow economy framework who assist incoming cars at traffic-congested intersections and turning lanes in the main cities to earn income. This paper originates from the preliminary study of “Pak Ogah”: the Portrait of Shadow Economy in the Greater Area of Jakarta. The field study was conducted at 60 congested intersections and turning lanes on roadways where the informal traffic controller groups operated. The study employs a mixed method of qualitative and quantitative procedures and conducts a triangulation strategy. The study's implications suggest that the shadow economy was created by institutional failure to anticipate the negative impact of urban development policy.JEL Classification: O17, E26, R41, I32How to Cite:Chalid, P., & Kuswini, I. (2023). Informal Traffic Controller: Study on Shadow Economy in Indonesia. Signifikan: Jurnal Ilmu Ekonomi, 12(2), 399-412. https://doi.org/10.15408/sjie.v12i2.33434.
Do Natural Resources Affect Unemployment? Evidence from Indonesian Province Panel Data Gunawan, Beni Teguh
Signifikan: Jurnal Ilmu Ekonomi Vol 12, No 2 (2023)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/sjie.v12i2.31824

Abstract

Since the stipulation of regional autonomy in the early 2000s, local governments have managed their revenues and expenditures independently, in direct or revenue-sharing funds from the Central Government, including income from natural resource exploitation. This study aims to identify the region with high natural resources, especially from the mining and quarrying sectors, expected to improve its human resources quality, focusing on the employment sector. In addition, this study identifies the impact of natural resources on reducing unemployment in 34 provinces in 2015-2021. A previous study implemented natural resources rent to proxy natural resources in a region. However, identification of this proxy has been challenging due to the considerable informality in Indonesia. This study employs mining and quarrying sectors to proxy natural resources as a comprehensive output of a region. The data used in this study was secondary data sourced from the National Statistics Board (BPS). The analysis method of this study was fixed effect with the Human Development Index (HDI) and the unemployment rate as the dependent variable. The results of this study revealed that regional natural resources did not impact HDI or reduce the unemployment rate in a province, indicating that the mining and quarrying sectors did not contribute to improving the quality of human resources and reducing unemployment significantly.JEL Classification: C01, O13, O15, O17How to Cite:Gunawan, B. T (2023). Do Natural Resources Affect Unemployment? Evidence From Indonesian Province Panel Data. Signifikan: Jurnal Ilmu Ekonomi, 12(2), 231-244. https://doi.org/10.15408/sjie.v12i2.31824

Page 1 of 2 | Total Record : 15