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INDONESIA
Signifikan : Jurnal Ilmu Ekonomi
ISSN : 20872046     EISSN : 24769223     DOI : 10.1016
Core Subject : Economy,
Arjuna Subject : -
Articles 407 Documents
The Impact of Financial Technology Payment on Bank Fee-Based Income Surahmi Kando; Irwan Trinugroho
Signifikan: Jurnal Ilmu Ekonomi Vol 11, No 2 (2022)
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.v11i2.26809

Abstract

This study investigates the effect of the growth of financial technology payment on bank fee-based income by studying conventional banks in Indonesia from 2012 to 2019. We employ Random Effect (RE) to estimate our empirical model. Fintech payment is measured by using the log of volume transactions made by fintech payment firms. Our result shows a negative and significant relationship between fintech payment and bank fee-based income. This result indicating that, in general, fintech payment disrupts banks’ fee based-income. In particular, we find that fintech is a complement for small commercial banks.How to Cite:Kando, S., & Trinugroho, I. (2022). The Impact of Fintech Payment on Bank Fee-Based Income. Signifikan: Jurnal Ilmu Ekonomi, 11(2), 425-436. https://doi.org/10.15408/sjie.v11i2.26809.JEL Classification: G18, G21, G28 
The Impact of Economic Openness on Economic Growth in Aceh Province Nur Maghfirah; Tony Irawan; Lukytawati Anggraeni
Signifikan: Jurnal Ilmu Ekonomi Vol 11, No 2 (2022)
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.v11i2.21091

Abstract

Economic openness is part of the demands that impact the entire region on economic development. This research aimed to analyze the impact of Economic Openness on Economic Growth in Aceh Province. The data used in this research was time-series data from 2005-2019. The variables used were exports, imports, domestic credit such as investment credit, consumer credit, working capital credit, and foreign investment (FDI). The data analysis tool used was a dynamic model with a specific approach to Autoregressive Distributed Lag (ARDL) model. The results of this research showed that in the long term, export, import, consumer credit, and working capital credit significantly affected Aceh’s economic growth. Then, the estimation results in the short term showed that import and consumption credit directly affect economic growth. Likewise, the result of Foreign Direct Investment (FDI) in the short term had a significant impact on Aceh’s economic growth. The government must strive to improve Economic openness because the impact is interrelated to national income and affect Aceh’s economic growth.How to Cite:Magfirah, N., Irawan, T., & Anggraeni, L. (2022). The Impact of Economic Openness on Economic Growth in Aceh Province. Signifikan: Jurnal Ilmu Ekonomi, 11 (2), 239-252. https://doi.org/10.15408/sjie.v11i2.21091.
The Response of Financial Performance to The Market Power of Islamic Banking in Indonesia Chajar Matari Fath Mala; Muhammad Nadratuzzaman Hosen; Mohammad Nur Rianto Al Arif
Signifikan: Jurnal Ilmu Ekonomi Vol 11, No 2 (2022)
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.v11i2.26777

Abstract

market power of Islamic banking in Indonesia. This study contributes to filling the gap in the literature by combining the variables under the analysis of impulse response friction (IRF) about the relationship between market power, efficiency, liquidity, profitability, and stability. The data of this study covered Islamic banking in Indonesia from the period January 2010 to 2019 and used IRF from the VAR/VECM panel. This study found that shock/innovation of market power of Islamic banking in Indonesia is responded positively by efficiency, liquidity, and profitability. Meanwhile, financial stability responds negatively to shock/innovation of market power. These findings suggest that innovation in market power in Indonesian Islamic banking will lead to an increase in efficiency, liquidity, and profitability. This result poses a dilemma because competition increases stability but reduces efficiency, liquidity, and profitability. The balance between market power and stability at the macro and industrial levels becomes crucial because it is necessary to maintain the financial system’s stability and national economic growth.How to Cite:Mala, C. M. F., Hosen, M. N., & Al Arif, M. N. R. (2022). The Response of Financial Performance to The Market Power of Islamic Banking in Indonesia. Signifikan: Jurnal Ilmu Ekonomi, 11(2), 415-424. https://doi.org/10.15408/sjie.v11i2.26777.JEL Classification: G18, G21, G28
Does Economic Growth Mediate Investment, Inflation, and Human Development Investment on Poverty in Indonesia? Agam Fitriady; Vivi Silvia; Suriani Suriani
Signifikan: Jurnal Ilmu Ekonomi Vol 11, No 2 (2022)
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.v11i2.26145

Abstract

Poverty is a classic yet interesting topic of discussion because the problem of poverty has not been solved. This study analyzed the role of economic growth in mediating the effects of investment, inflation, and Human Development Investment (HDI) on poverty in Indonesia. Using the multiple regression method of path analysis and the data from 32 provinces in Indonesia, the results showed that investment had a positive effect on economic growth and poverty, but inflation had no effect on economic growth and poverty while HDI had a positive effect on economic growth but a negative effect on poverty. Economic growth mediated the effect of investment and HDI, but not the effect of inflation on poverty. Hence, it can be said that it is not enough for the government to only prioritize economic growth, optimal investment, a higher level of HDI, and a stable inflation rate. They must also strive to reduce inequality between regions, support labour-intensive, well-targeted and direct investments in the real sector, and involve all stakeholders to achieve an effective and efficient national development in the context of poverty reduction.How to Cite:Fitriady, A., Silvia, V., & Suriani. (2022). Does Economic Growth Mediate Investment, Inflation, and Human Development Investment on Poverty in Indonesia? Signifikan: Jurnal Ilmu Ekonomi, 11(2), 437-456. https://doi.org/10.15408/sjie.v11i2.26145.JEL Classification: C33, E22, O11
Indonesian Market Concentration on The Non-Oil and Gas Commodity Before and During Covid-19 Pandemic Lilis Yuliati; Siti Komariyah; Moh. Adenan; Fajar Wahyu Prianto
Signifikan: Jurnal Ilmu Ekonomi Vol 11, No 2 (2022)
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.v11i2.24678

Abstract

The economic growth of a country is inseparable from the balance of trade, mainly the export and import activity. Globalization urges a country to actively socialize and provide infrastructure and facilities to support productivity and improve competitiveness in the international market. Increasing commodity export value affects the balance of trade to reach surplus, and increasing import value causes the balance of trade deficit. This study aims to analyze Indonesia’s non-oil and gas commodity market concentration. Trade Specialization Ratio (TSR) result shows a tendency for Indonesia’s non-oil and gas commodities to be both exporters and importers before and during the COVID-19 pandemic. The strategic plan to increase the product competitiveness in the international market can be in the form of increased productivity and quality; cooperating with several parties such as central and regional government, private parties, and also the general public in the planning for differentiating products and export destination, compliance with international product certification standard, tariff policy, and strengthening the economic institutions within the trade activity. Those efforts are taken to achieve national economic growth and decrease regional economic disparities.How to Cite:Yuliati, L., Komariyah, S., Adenan, M., & Prianto, F. W. (2022). Indonesian Market Concentration on The Non-Oil Gas Commodity Before and During Covid-19 Pandemic. Signifikan: Jurnal Ilmu Ekonomi, 11(2), 289-298. https://doi.org/10.15408/sjie.v11i2.24678.JEL Classification: F10, Q20, C40
Socio-Economic Impact of Financing Facility on Low-income Communities and Developers in Indonesia Widyastutik Widyastutik; Sri Retno Wahyu Nugraheni; Fahmi Salam Ahmad; Kurniawan Khristianto; Yenni Nur 'Aini
Signifikan: Jurnal Ilmu Ekonomi Vol 11, No 2 (2022)
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.v11i2.26589

Abstract

Housing financing is one of the essential solutions to make it easier for people to access the need for livable houses. One of the subsidy schemes from the government is the Housing Financing Liquidity Facility (FLPP) by BLU PPDPP. This study focuses on the socio-economic impact of FLPP at the micro level for low-income communities (MBR) and developers. Two econometric approaches are used to analyze: one-way t-tests and linear regression analyses. The analysis results show the impact of FLPP on the micro level for MBR and developers provides a better improvement in welfare. The developer company that distributes FLPP has an increase in welfare from various aspects such as demand for housing units, company image, and company assets. For MBR, there are improvements in terms of income, education, health, work, and other supporting infrastructure.How to Cite:Widyastutik., Nugraheni, S. R. W., Ahmad, F. S., Khristianto, K., & Aini, Y. N. (2022). Socio-Economic Impact of Financing Facility on Low-Income Communities and Developers in Indonesia. Signifikan: Jurnal Ilmu Ekonomi, 11(2), 219-238. https://doi.org/10.15408/sjie.v11i2.26589.
The Factors Analysis of Financial Conditions of Working Women Sandwich Generation Sayu Ketut Sutrisna Dewi; I Gusti Bagus Wiksuana
Signifikan: Jurnal Ilmu Ekonomi Vol 11, No 2 (2022)
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.v11i2.25635

Abstract

Balinese women are known as primary caregivers and breadwinners for their families, strength, and involvement in various community activities. The purpose of this study was to examine the factors that influence financial conditions and the role of financial literacy in mediating the relationship between factors that affect financial conditions. This research is descriptive-quantitative research using SEM-PLS analysis. The findings reveal that culture, social support, and financial literacy simultaneously positively impact financial conditions. From this research, it is also known that financial literacy acts as a mediator between the influence of culture and social support on financial conditions and also the influence of financial literacy on financial conditions. Therefore, financial literacy is very important to avoid financial pressure. Moreover, for the women of the sandwich generation to perform well while dealing with financial stress, social support is needed.How to Cite:Dewi, S. K. S., & Wiksuana, I. G. B. (2022). The Factors Analysis of Financial Conditions of Working Women Sandwich Generation. Signifikan: Jurnal Ilmu Ekonomi, 11(2), 299-318. https://doi.org/10.15408/sjie.v11i2.25635.JEL Classification: M14, L31, F36, G530
Do Education Investment and Welfare of Labor Affect Productivity Growth in Indonesia? Rizqon Halal Syah Aji; Roziana Baharin; Ishak Yussof; Mohd Nasir bin Mohd Saukani
Signifikan: Jurnal Ilmu Ekonomi Vol 11, No 2 (2022)
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.v11i2.26401

Abstract

Increasing the education budget in Indonesia has become the focus of economic politics because it is a fundamental issue. Education, as a significant component of labor productivity, plays a vital role in driving the welfare of the workforce due to the increase in the Total Factor Productivity (TFP). This paper aims to test the quality of tertiary education by using World Bank and APO data. This paper provides an overview of tertiary education that influences TFP when juxtaposed with several other control variables and uses the ARDL (Autoregressive Distributed Lag) test. The results show that TFP growth is significantly positively affected by the improvement of tertiary education quality and production capital but is significantly affected by the welfare of the workforce. This study implies that the government must allocate an adequate budget to improve education quality in Indonesia.How to Cite:Aji, R. H. S., Baharin, R., Yussof, I., & Mohd Saukani, M. N. (2022). Do Education Investment and Welfare of Labor Affect Productivity Growth in Indonesia. Signifikan: Jurnal Ilmu Ekonomi, 11(2), 273-288. https://doi.org/10.15408/sjie.v11i2.26401.
The Link between Economic Growth, Electricity Consumption, and CO2 Emissions: Evidence from Indonesia Taufiq Marwa; Abdul Bashir; Dirta Pratama Atiyatna; Ichsan Hamidi; Mukhlis Mukhlis; Sukanto Sukanto
Signifikan: Jurnal Ilmu Ekonomi Vol 11, No 2 (2022)
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.v11i2.26286

Abstract

This study investigates the relationship between economic growth, electricity consumption, and CO2 emissions in Indonesia. The data utilized time series for 1971-2020 obtained from the WDI database 2021. The method utilized the ADRL and VEC models. The findings indicate that in the long run, economic growth and electricity consumption positively affect CO2 emissions. The short-run effect that occurs from economic growth is significant and negative, while the lag of CO2 emission is positive on CO2 emissions. There is a two-way causality between economic growth and electricity consumption in the short run. There is a unidirectional causality flowing from CO2 emissions to economic growth. A significant ECT coefficient has confirmed that the long-run relationship between variables in the model used is valid. The policies offered are applying emission taxes, encouraging energy conservation to control emissions, and encouraging efficient and sustainable electricity supply.How to Cite:Marwa, T., Bashir, A., Atiyantna, D.P., Hamidi, I., Mukhlis, M., Soekanto, S. (2022). The Link between Economic Growth, Electricity Consumption, and CO2 Emissions: Evidence from Indonesia. Signifikan: Jurnal Ilmu Ekonomi, 11(2), 253-272. https://doi.org/10.15408/sjie.v11i2.26286.
Non-Cash Instruments and Money Supply in Indonesia During Pandemic Covid-19 Skolastika Ferlicia; Suhel Suhel; Sri Andaiyani
Signifikan: Jurnal Ilmu Ekonomi Vol 11, No 2 (2022)
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.v11i2.26491

Abstract

The emergence of the Covid-19 pandemic phenomenon at the end of 2019 caused non-cash transactions to increase, but several macro variables decreased. The study investigates the relationship between Non-Cash Transactions (through APMK and E-money proxies), National Income (GDP), Money Supply (M0), and Velocity of Money with the Vector Auto Regression method. The data was used from 2010 to 2021 at three different times, before Covid-19 and during Covid-19. Our result confirms that there was a relationship between money supply and non-cash transactions, the positive response occurred in all periods, and the negative response occurred during the Covid-19 pandemic. National income positively impacts money supply and velocity of money during all periods and Covid-19. It implicates that electronic money should be increased because it accelerates the circulation of money and can increase the flow of goods and services.How to Cite:Ferlicia, S., Suhel, S., & Andaiyani, S, (2022). Non-Cash Instruments and Money Supply in Indonesia During Pandemic Covid-19. Signifikan: Jurnal Ilmu Ekonomi, 11(2), 383-398. https://doi.org/10.15408/sjie.v11i2.26491.JEL Classification: E41, E52