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INDONESIA
Signifikan : Jurnal Ilmu Ekonomi
ISSN : 20872046     EISSN : 24769223     DOI : 10.1016
Core Subject : Economy,
Arjuna Subject : -
Articles 407 Documents
Banking Selection Criteria among Millennials: Insights from Islamic and Conventional Banks Rama, Ali; Wiranata, Suhenda
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.v12i2.35104

Abstract

The increasing number of millennials presents an enticing market opportunity for business. Understanding their preferences is the key to attracting their sympathy and interest. Thus, this study aims to analyze banking selection criteria for Islamic and conventional banks among the young generation. A group of students represents the millennial group in this study. Data is collected through questionnaire instruments, and factor analysis is employed to capture millennials' preference for banking. The finding highlights a relatively lower level of knowledge and awareness among millennials regarding the products and services offered by Islamic banks. Interestingly, among them, an inverse relationship exists between the criteria for selecting Islamic and conventional banks. Factors associated with banking preference among millennials are managerial performance and service quality, religiosity, recommendations, and finances. This study provides valuable insights for banking industry players, enabling them to understand millennial banking preferences better and formulate suitable marketing strategies.JEL Classification: G21, G32, D81How to Cite:Rama, A., & Wiranata, S. (2023). Banking Selection among Millennials: Insights from Islamic and Conventional Banks. Signifikan: Jurnal Ilmu Ekonomi, 12(2), 341-354. https://doi.org/10.15408/sjie.v12i2.35104.
Determinants of Indonesian Sugar Import Inayaturrohmah, Winni Putri; Istiqomah, Istiqomah; Gunawan, Ratna Setyawati
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.v12i2.28044

Abstract

Indonesian sugar imports have increased due to a steady increase in sugar consumption, while domestic sugar output has increased but has not kept pace with consumption. This study aims to examine the impact of sugar consumption, income per capita, sugarcane harvested area, and sugarcane productivity on sugar imports in Indonesia. The data in this study include time series data from 1995 to 2021 that were analyzed using multiple regression. Sugar consumption and income per capita have a statistically significant positive effect on sugar import, whereas sugarcane harvested area and sugarcane productivity significantly negatively affect sugar import. Several policy options for reducing sugar imports are recommended, including reducing sugar consumption through education and healthy lifestyle programs, extending sugarcane-harvested areas, and rejuvenating and building new sugar mill.JEL Classification: F14, C22How to Cite:Inayaturrohmah, W. P., Istiqomah & Gunawan, R.S. (2023). Determinant of Sugar Import. Signifikan: Jurnal Ilmu Ekonomi, 12(2), 275-286. https://doi.org/10.15408/sjie.v12i2.28044. 
The Effect of Environmental Tax - Spending Mix on Province Air Quality Qibthiyyah, Riatu Mariatul; Zen, Fauziah
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.v12i2.32395

Abstract

The provincial government in Indonesia has been mandated to collect environmental-related taxes in recurrent vehicle taxes, vehicle transfer taxes, and gasoline taxes. These vehicle-related taxes have been the dominant type for the provincial government. Yet, the environment-related spending has been relatively low, within 1-3% of total expenditures. This study examines to what extent such environmental tax–spending mix affects the environmental outcomes measured by the air quality index. The novelty of this study comes in using detailed environmental-related tax revenues at the sub-national level and providing a context of the large developing country in a decentralized economy – Indonesia – as a case study. Our study finds the link between environmental tax in the case of the vehicle recurrent tax and gasoline tax in improving air quality and environmental quality index, respectively. But on the spending side, there is no evidence that provincial environmental spending may improve the air or environmental quality index. Nonetheless, we found a correlation between the vehicle transfer tax revenues and the share of province environmental spending, implying that environmental tax revenues, to some extent, correspond to the related provincial expenditures on environmental protection. This study signals the need also to expand environmental spending to complement existing environmental tax policy at the provincial level.JEL Classification: H71, H76, Q53How to Cite:Qibthiyyah, R. M., & Zen, F. (2023). The Effect of Environmental Tax Spending Mix on Province Air Quality Index. Signifikan: Jurnal Ilmu Ekonomi, 12(2), 221-230. https://doi.org/10.15408/sjie.v12i2.32395.
Untapped Potential of Manufacturing MSEs in Bali Amidst the Covid-19 Pandemic Candrawati, Ida Ayu; Purwanti, Putu Ayu Pramitha
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.v12i2.32389

Abstract

The macro health impact of the COVID-19 pandemic that resulted in an economic slump in Bali exposed the need for economic development outside the tourism sector. Manufacturing Micro and Small Enterprises (MSEs) is one sector that contributes significantly to the economy, export value, and employment, particularly during moments when the tourism sector is down. This study aims to determine the performance of manufacturing MSEs during 2018-2021 using Cobb-Douglas stochastic frontier production function analysis. The Technical Inefficiency (TE) value of manufacturing MSEs in Bali was 22.24% over 2018-2021. The impact of COVID-19 on each ISIC and business location has a varied impact on the production value of MSEs Manufacturing. The gender of the business owner, financial service, age of workers, and source of raw materials are inefficiency variables that significantly affect production value. However, the training received by manufacturing MSEs had no significant effect. The findings from this study can be used as a basis for government policy in further developing the untapped potential of manufacturing MSEs in Bali regarding impacts upon Bali's tourism sector during the pandemic.JEL Classification: D24, E23, J16, L86, O14 How to Cite:Candrawati, I.A., & Purwanti, P.A.P. (2023). Untapped Potential of Manufacturing MSEs in Bali Amidst the Covid-19 Pandemic. Signifikan: Jurnal Ilmu Ekonomi, 12(2), 383-398. https://doi.org/10.15408/sjie. v12i2.32389.
Determinants of Strategic Factors for Digital Transformation in Micro and Small Enterprises in Makassar City Tajuddin, Imran; Mahmud, Amir; Syahnur, Muhammad Haerdiansyah
Signifikan: Jurnal Ilmu Ekonomi Vol 12, No 1 (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.v12i1.31070

Abstract

The Indonesian government aims to promote information and communication technology (ICT) among micro and small enterprises to enhance their competitiveness in the global market. A survey was conducted among 180 micro and small enterprise owners in Makassar City using the Unified Theory of Acceptance and Use of Technology (UTAUT) model. The results showed that Performance Expectancy (PE) and Effort Expectancy (EE) insignificantly affect the Behavioral Intentions (BI) of the enterprise owners. It also indicated that Social Influence (SI) and Facilitating Conditions (FC) positively influence the adoption of ICT in micro and small enterprises. This study is novel and significant as it addresses a gap in the literature on digital transformation strategies, particularly in Makassar City, where such investigations are rare. Consequently, this study presents an original contribution to the field.JEL Classification: M2, O3, R2How to Cite:Tajuddin, I., Mahmud, A., & Syahnur, M. H. (2023). Determinants of Strategic Factors for Digital Transformation in Micro and Small Enterprise in Makasar City. Signifikan: Jurnal Ilmu Ekonomi, 12(1), 131-144. https://doi.org/10.15408/sjie.v12i1.31070.
Foreign Direct Investment (FDI), Abundance of Natural Resources, and Economic Growth Fajrian, Muhammad Aja; Achsani, Noer Azam; Widyastutik, Widyastutik
Signifikan: Jurnal Ilmu Ekonomi Vol 12, No 1 (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.v12i1.29975

Abstract

The impact of foreign direct investment (FDI) on the host country’s economic growth is often discussed without considering the abundance of natural resources in the host country. The present study examines the relationship between FDI and economic growth while considering the presence of natural resources. Using panel data regression with data from 124 countries, the study finds that FDI inflows are increasing significantly, with pronounced differences between countries based on their per capita income levels. The results of the panel data regression analysis show that both FDI and natural resources positively affect economic growth. However, an increase in natural resources reduces the overall impact of FDI on economic growth. This result suggests that countries should attract FDI in sectors outside of natural resources to maximize the positive effects of FDI on economic growth.JEL Classification: F43, O4, P28, P45, Q0How to Cite:Fajrian, M. A., Achsani, N. A., & Widyastutik. (2023). Foreign Direct Investment, Abundance of Natural Resources, and Economic Growth. Signifikan: Jurnal Ilmu Ekonomi, 12(1), 11-26. https://doi.org/10.15408/sjie.v12i1.29975.
Desentralisasi Fiskal dan Pengaruhnya Terhadap Pertumbuhan Ekonomi di Provinsi Yogyakarta Suciayu, Dwi; Wibawa, Fahmi
Signifikan: Jurnal Ilmu Ekonomi Vol 1, No. 1, April 2012
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.v1i1.2593

Abstract

Purpose of this study is to analyze the effect of fiscal decentralization to economic growth in The Special Region of Yogyakarta Province. The Explanatory variables is local district government’s budget in terms of acceptance of revenue, revenue-sharing, the general allocation fund, and special allocation funds to economic growth in the province. The result show fiscal decentralization contributes effect to economic growth. Yet, Each variable point out that foreign-source revenue significant to influence economic growth, revenue-sharing significant effect on economic growth, the general allocation fund a significant effect on economic growth, the special allocation fund doesn’t give significant effect on economic growth. This means the implementation of fiscal decentralization has positive influence on economic growth. Thus, the central government may continue in implement fiscal decentralization in a special area of Yogyakarta since the policy could promote economic growth in the region.DOI: 10.15408/sjie.v1i1.2593 
Unemployment in Indonesia: An Analysis of Economic Determinants from 2012-2021 Agustina, Mei; Astuti, Hartiningsih; Susilo, Joko Hadi
Signifikan: Jurnal Ilmu Ekonomi Vol 12, No 1 (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.v12i1.29247

Abstract

The economic problem is one of the things that the Indonesian government must consider. One of them is unemployment because it impacts the socioeconomic conditions of society. This condition is necessary to suppress or reduce the unemployment rate. This research was conducted to determine the conditions and variables affecting Indonesia's unemployment rate. The data analysis used is an econometric model on dynamic panel data using the Generalized Method of Moments (GMM) developed by Arellano Bond. The study results show that the Human Development Index, inflation, minimum wages, and worker numbers significantly influence Indonesia's unemployment. In addition, the unemployment lag also has a significantly positive effect on unemployment. The findings of this study provide information on strategies for increasing the demand and supply of labor, wage regulation, search, match effectiveness in the labor market, and realistic short- and long-term policies. JEL Classification: C33, E24, J64 How to Cite:Agustina, M., Astuti, H., & Susilo, J. H. (2023). Unemployment in Indonesia: An Analysis of Economic Determinants from 2012-2021. Signifikan: Jurnal Ilmu Ekonomi, 12(1), 69-82. https://doi.org/10.15408/sjie.v12i1.29247.
Determinant of Capital Efficiency and Its Impact on Economic Growth: Empirical Evidence in East Java Santoso, Dwi Budi; Suman, Agus
Signifikan: Jurnal Ilmu Ekonomi Vol 12, No 1 (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.v12i1.29965

Abstract

East Java is the engine of Indonesia’s economic growth. Nevertheless, this region is still faced with the performance of industrial development, which has yet to increase consistently, thereby worsening efficiency and economic growth. As a result, this paper aims to investigate the causes and consequences of capital efficiency in the context of East Java. This paper produces three results by employing the 3SLS simultaneous equation estimation method. First, this paper demonstrates that industrial development in East Java improves efficiency. Second, improving the education level has a positive effect on capital efficiency. Lastly, an increase in capital inefficiency leads to a negative effect on economic growth in East Java. This study suggests three key policies for accelerating economic growth in East Java: providing incentives to industries that can increase capital efficiency, developing innovations to increase capital efficiency, and improving education quality to encourage increased human resource productivity.JEL Classification: D24, O14, O4How to Cite:Santoso, D. B., & Suman, A. (2023). Determinant of Capital Efficiency and Its Impact on Economic Growth: Empirical Evidence in East Java. Signifikan: Jurnal Ilmu Ekonomi, 12(1), 1-10. https://doi.org/10.15408/sjie.v12i1.29965.
Muslim Taxpayer's Preference: Paying Tax or Zakat? Rahmawati, Rahmawati; Rifani, Nurul
Signifikan: Jurnal Ilmu Ekonomi Vol 12, No 1 (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.v12i1.31555

Abstract

This research investigates the preferences of Muslim taxpayers between paying zakat or taxes. 119 Muslim taxpayers were recruited for online and offline survey studies. Factor analysis determines factors influencing Muslim taxpayer preferences between paying zakat or taxes. This study shows that Muslim taxpayers preferred to pay zakat rather than taxes. The faith factor has influenced Muslim taxpayers' preferences to pay zakat compared to paying taxes. Other factors include the level of compliance with obligations, the service quality factor for zakat management, the zakat knowledge level factor, the tax knowledge level factor, the religious practice factor, the Tax Services office service quality factor, and the tax benefit factor. From these results, it is expected that the government should evaluate tax policy that previously treated zakat only as deductible income to become a tax credit.JEL Classification: F6, Q49, R2How to Cite:Rahmawati, R., & Rifani, N. (2023). Muslim Taxpayer’s Preference: Paying Tax or Zakat. Signifikan: Jurnal Ilmu Ekonomi, 12(1), 207-220. https://doi.org/10.15408/sjie.12ii1.31555.