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INDONESIA
Signifikan : Jurnal Ilmu Ekonomi
ISSN : 20872046     EISSN : 24769223     DOI : 10.1016
Core Subject : Economy,
Arjuna Subject : -
Articles 17 Documents
Search results for , issue "Vol 13, No 2 (2024)" : 17 Documents clear
Price Smoothing Behavior of Cigarette Firms in Indonesia Putra, Amin Dwinta; Adrison, Vid
Signifikan: Jurnal Ilmu Ekonomi Vol 13, No 2 (2024)
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.v13i2.40957

Abstract

Research Originality: This research analyzes the price-smoothing behaviors of cigarette firms across various cigarette types, firm classifications, and government policies by using quarterly data at the brand level.Research Objectives: This research aims to identify the price-smoothing tendencies of cigarette firms in Indonesia by analyzing the change in market retail price across various cigarette types and firm classifications and the impact of government policies.Research Methods: This research used quarterly market retail price survey data covering all cigarette brands available in Indonesia from March 2014 to June 2021. The System Generalized Method of Moments (System GMM) was identified as the optimal estimation method.Empirical Results: The results showed that cigarette firms in Indonesia employed price-smoothing strategies in response to implementing the tariff increase policy. Notably, substantial price increases tend to occur in December, immediately following the announcement of the tariff increase policy. Removing one of the ceiling price criteria has led to an increase in the average price of cigarettes within the specified criteria. The implementation of a minimum price had no significant impact on price changes.Implications: This study's findings suggest that to address the issue of rising smoking prevalence, the government should consider implementing a more substantial tariff increase to counteract the impact of price-smoothing.JEL Classification: H24, H31, H32, I18
Technology Transfer of Rural Entrepreneurship Digitization to Regional Economic Growth Prasetyo, P Eko
Signifikan: Jurnal Ilmu Ekonomi Vol 13, No 2 (2024)
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.v13i2.38046

Abstract

Research Originality: The digital technology transfer in rural entrepreneurship is a knowledge-based solidarity socio-economic (SSE) innovation that drives regional economic growth and reduces inequality.Research Objectives: This study aims to analyze the role of digitalization technology transfer in entrepreneurship on regional economic growth, inequality mitigation, and other related resource factors.Research Methods:  The study approach model used a mixed methods design through exploratory and explanatory stages. The data were analyzed quantitatively descriptively with the standard multiple regression tool. The operational variables were measured using the Gini ratio index.Empirical Results: The results showed that digitalization technology transfer encourages regional economic growth. However, the positive role created has not reduced the negative impact and inequality. This inequality could be mitigated by the innovation of the community's social solidarity economic system (SSE). There are indications of the potential of local community wisdom to strengthen informal institutions in society.Implications: Utilizing the community's potential and the SSE model could provide added value for the community's welfare.JEL Classification: O14, O47, P25
Tax Aggresiveness Analyis: The Role of Internal Financial Factors Mulyani, Susi Dwi; Fitria, Giawan Nur; Tarmidi, Deden
Signifikan: Jurnal Ilmu Ekonomi Vol 13, No 2 (2024)
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.v13i2.42506

Abstract

Research Originality: This research may suggest a deeper relationship between internal company factors and tax aggressiveness, which has not been studied explicitly. Many studies examine the influence of external factors, but this study can highlight how a company's internal financial and tax management decisions can influence tax aggressiveness.Research Objectives: This study investigates the influence of several financial factors, such as thin capitalization, financial distress, and earnings management, on tax aggressiveness.Research Methods: This study analyzed 310 data from manufacturing companies listed on the Indonesian Stock Exchange from 2019 to 2023.Empirical Results: This study found that the high thin capitalization range can reduce tax aggressiveness. Conversely, earnings management is one tool used by management to reduce tax aggressiveness, while financial distress has no impact on tax aggressiveness.Implications: The study suggests that while certain financial practices influence tax aggressiveness, broader factors such as financial stability, investor relations, and risk management also play a significant role.JEL Classification: M41, H26
Human Development To Democracy: An Impact Analysis of Poverty and Income Inequality In Indonesia Fadly, Fajar; Chandra, Ade
Signifikan: Jurnal Ilmu Ekonomi Vol 13, No 2 (2024)
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.v13i2.42378

Abstract

Research Originality: The research looks at the relationship and impact of welfare indicators on the implementation of democracy in Indonesia. Previous research concentrated on the impact of democracy implementation.Research Objectives:  This study aims to examine the role of public welfare variables in improving the implementation of democracy in Indonesia.Research Methods:  The study used panel data with a multiple regression approach from 34 provinces from 2009 to 2023 with the Fix Effect Model (FEM) category.Empirical Results: The research findings show that the public welfare variable has a significant effect on the democracy index in Indonesia both partially and simultaneously, and only the human development index and the democracy index are linearly related. It was found that the human development index variable is an intermediary variable influencing the relationship between income inequality and the democracy index.Implications:  To increase people's understanding of democracy, the government can lower the poverty depth index because there is no intermediate variable between the two variables.JEL Classification: C33, D72, Z13, Z18
Unpacking the Forces Behind Indonesia's Foreign Debt: What Drives Long-Term and Short-Term Borrowing? Fadli, Faishal; Sagita S, Vietha Devia; Oktaviana, Yulis
Signifikan: Jurnal Ilmu Ekonomi Vol 13, No 2 (2024)
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.v13i2.42464

Abstract

Research Originality: This research explores the factors influencing Indonesia's foreign debt, providing insights into the long-term and short-term effects of inflation, exchange rates, the Fed Funds Rate (FFR), budget deficit, and exports. The originality lies in the comprehensive analysis of these variables using time series data from 2005 to 2022.Research Objectives: This study examines the impact of key macroeconomic variables on Indonesia's foreign debt, analyzing both long-term and short-term relationships to inform policy and future research.Research Methods: The study uses time series data from 2005 to 2022, applying the Error Correction Model (ECM) with EViews10 to analyze the dynamic relationships between foreign debt and the influencing factors.Empirical Results: The study finds that in the long term, exchange rates and exports positively influence foreign debt, while inflation has a negative impact. In the short term, only the Fed Funds Rate (FFR) negatively affects foreign debt. All variables are significantly influential in both the short and long term.Implications: These findings highlight the importance of managing inflation, exchange rates, and exports in the long term while considering the short-term impact of global financial conditions, such as the FFR, on Indonesia's foreign debt.JEL Classification: F34, E44, E31, F41, H63, C32
Foreign Debt: Causes and Theirs Impact on Economic Growth in Indonesia Anggresta, Vella; Subiyantoro, Heru; Astuty, Pudji
Signifikan: Jurnal Ilmu Ekonomi Vol 13, No 2 (2024)
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.v13i2.40681

Abstract

Research Originality: This study presents a new analysis of the primary determinants of Indonesia's foreign debt and its impact on economic growth over the 1992-2022 period, offering new insights into debt management strategies.Research Objectives: This study uses 31 years of time series data to analyze the main causes of Indonesia's foreign debt and its effect on economic growth.Research Methods: This research employs a quantitative approach with data analysis techniques, including classical assumptions, Ordinary Least Squares (OLS), simple linear regression, and hypothesis testing.Empirical Results: The results indicate that interest rates do not significantly affect Indonesia's foreign debt, while exchange rates and imports have substantial impacts. Additionally, a significant relationship between foreign debt and economic growth is confirmed.Implications: This study suggests that the Indonesian Government should adopt a multifaceted approach to managing foreign debt, including policies aimed at maintaining low interest rates, strengthening the rupiah, boosting exports, and enhancing government spending efficiency without excessive reliance on external borrowing.JEL Classification: F34, F43, H63, O11
Profit-Sharing and Economic Growth: The Indonesian Experience Ibrahim, Zaini; Fajri, Muhammad
Signifikan: Jurnal Ilmu Ekonomi Vol 13, No 2 (2024)
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.v13i2.33636

Abstract

Research Originality: The research's originality investigated the causal relationship between profit-sharing schemes (saving and financing) and economic growth.Research Objectives: This study aimed to examine the effect of profit-sharing schemes in Islamic banking on Indonesia’s economic growth, both in the short and long term. Another objective was investigating the causal relationship between profit-sharing schemes and economic growth.Research Methods: This study used two models: the risk-sharing deposit (RSD) and the profit-and-loss-sharing financing (PLS). It used secondary data from the Financial Services Authority of the Republic of Indonesia, Bank Indonesia (BI), and the Central Bureau of Statistics of the Republic of Indonesia. It also used Nonlinear Autoregressive Distributed Lag (NARDL), Error Correction Model (ECM), and Granger Causality methods to analyze quarterly data for the 2009Q1-2022Q4 period.Empirical Results: The results showed that profit-sharing schemes did not have a significant effect on Indonesia's economic growth in the short-term and long-term because the probability figure was more than 10%. This study obtained new findings, showing that the relationship between the RSD instrument and economic growth followed the feedback hypothesis. Implications: The results of this study had implications for Islamic banking efforts to increase efficiency, improve regulations, and reallocate financing.JEL Classification: G21, O47

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