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INDONESIA
Signifikan : Jurnal Ilmu Ekonomi
ISSN : 20872046     EISSN : 24769223     DOI : 10.1016
Core Subject : Economy,
Arjuna Subject : -
Articles 407 Documents
Determinant of Efficiency in the Indonesian Islamic Banks Aliyah, Hikmatul; Hamid, Abdul; Al Arif, Mohammad Nur Rianto
Signifikan: Jurnal Ilmu Ekonomi Vol. 12 No. 1 (2023)
Publisher : Faculty of Economic and Business, Universitas Islam Negeri Syarif Hidayatullah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/sjie.v12i1.30376

Abstract

This study aims to analyze the factors that influence the level of efficiency of Islamic commercial banks in Indonesia. The research employs a panel data analysis and a non-parametric Data Envelopment Analysis (DEA) to measure the level of efficiency. The panel data analysis showed that company size, profitability, liquidity, and management significantly affect the level of efficiency of Islamic banks in Indonesia, while capital and financing risk have no significant impact. The efficiency of Islamic banks in Indonesia should be maintained by balancing the distribution of assets, ensuring portfolio diversification, maintaining sufficient liquidity, and paying attention to management quality. The originality of this study, to the best of the author's knowledge, is that it is the first study to examine the determinants of efficiency in Indonesian Islamic commercial banks using quarterly data from the period of 2015-2020. As a result, the data analyzed has a sufficient amount.JEL Classification: C02, C14, C23, G01How to Cite:Aliyah, H., Hamid, A., & Al Arif, M. N. R. (2023). Determinants of Efficiency in the Indonesian Islamic Banks. Signifikan: Jurnal Ilmu Ekonomi, 12(1), 161-174. https://doi.org/10.15408/sjie.v12i1.30376.
Public Debt and Budget Deficit Threshold Levels on New Fiscal Sustainability Indicator Cahyadin, Malik; Sarmidi, Tamat; Khalid, Norlin; Law, Siong Hook
Signifikan: Jurnal Ilmu Ekonomi Vol. 12 No. 1 (2023)
Publisher : Faculty of Economic and Business, Universitas Islam Negeri Syarif Hidayatullah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/sjie.v12i1.31005

Abstract

Fiscal sustainability can be determined and assessed using financial technology (FinTech). Consequently, a new indicator of fiscal sustainability can be constructed. This study also estimates threshold levels of public debt and budget deficit by considering institutions for 88 developing and 35 developed countries in 2014 and 2017. The principal component analysis (PCA) and the cross-section threshold regression are employed. The main findings revealed that the threshold levels of public debt-to-GDP ratio for developed and developing countries in 2014 were 100.37% and 63.04%, while that in 2017 were 90.09% and 84.28%, respectively. Moreover, the threshold levels of budget deficit-to-GDP ratio for developed and developing countries in 2014 were -3.04% and -1.24%, while those in 2017 were -0.97% and -5.75%, respectively. Therefore, policymakers should emphasize a certain public debt and budget deficit level to warrant a fiscally sustainable level.JEL Classification: C13, E62, H60 How to Cite:Cahyadin, M., Sarmidi, T., Khalid, N. & Law, S. H. (2023). Public Debt and Budget Deficit Threshold Levels on New Fiscal Sustainability Indicator. Signifikan: Jurnal Ilmu Ekonomi, 12(1), 97-116. https://doi.org/10.15408/sjie.v12i1.31005.
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, Universitas Islam Negeri Syarif Hidayatullah

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.
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, Universitas Islam Negeri Syarif Hidayatullah

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.
Migrant Labor Determinants: Do Socio-Economic Factors Affect? Haer, Jamhul; Yuniarti, Dini
Signifikan: Jurnal Ilmu Ekonomi Vol. 12 No. 1 (2023)
Publisher : Faculty of Economic and Business, Universitas Islam Negeri Syarif Hidayatullah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/sjie.v12i1.31274

Abstract

This study aims to determine the social and economic variables that influence workers to become migrant workers. This research was conducted in Central Lombok Regency, West Nusa Tenggara. As a sample in this study, we surveyed 100 people, consisting of 50 ex-migrant workers and 50 local workers. The analytical tool used was logit analysis. The estimation results show that the influential social variables are gender, age, marital status, and education. Economic variables that affect former migrant workers include ownership of savings, ownership of loans, ownership of agricultural land, and ownership of livestock, all of which have a negative effect. The policy implications of this research are the need for new regulations or revisions to previous regulations to improve human resources at the time of pre-placement. This regulation should involve training in language skills and the abilities required for the relevant field of work to increase competitiveness. Furthermore, policies to empower migrant workers post-placement should be implemented to provide more significant opportunities and support for working or starting businesses in their home countries.JEL Classification: J61, O15How to Cite:Haer, J., & Yuniarti, D. (2023). The Migrant Labor Determinants: Do Socio-Economic Factors Affect?. Signifikan: Jurnal Ilmu Ekonomi, 12(1), 117-130. https://doi.org/10.15408/sjie.v12i1.31274.
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, Universitas Islam Negeri Syarif Hidayatullah

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.
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, Universitas Islam Negeri Syarif Hidayatullah

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.
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, Universitas Islam Negeri Syarif Hidayatullah

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
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, Universitas Islam Negeri Syarif Hidayatullah

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
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, Universitas Islam Negeri Syarif Hidayatullah

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