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 407 Documents
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, Universitas Islam Negeri Syarif Hidayatullah

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.
Impacts of Covid-19 Pandemics and Wealth on Household Consumption in Java Island Murti, Prima Puspita Indra; Siregar, Hermanto; Sugema, Iman
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.v12i2.32336

Abstract

Household consumption, which has changed due to the COVID-19 pandemic, can survive by using their wealth to restore consumption levels. The current research analyzes the impact of the COVID-19 pandemic and the role of wealth in household consumption in Java, which has the largest share of the economy. Using panel data from 119 regencies/cities in Java Island during the 2017-2021 period due to data availability shows that there have been changes in household consumption patterns during the pandemic. The results of the panel data analysis show that the COVID-19 pandemic has a negative effect on household consumption. In contrast, wealth positively affects household consumption in almost all provinces on the island of Java. These results suggest increasing asset ownership for households to maximize wealth, positively affecting household consumption, mainly when shocks occur.JEL Classification: D19, E21, H31How to Cite:Murti, P. P. I., Siregar, H., & Sugema, I. (2023). Impacts of Covid-19 Pandemic and Wealth on Household Consumption in Java Island. Signifikan: Jurnal Ilmu Ekonomi, 12(2), 371-382. https://doi.org/10.15408/sjie. v12i2.32336.
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, Universitas Islam Negeri Syarif Hidayatullah

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.
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, Universitas Islam Negeri Syarif Hidayatullah

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.
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, Universitas Islam Negeri Syarif Hidayatullah

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.
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, Universitas Islam Negeri Syarif Hidayatullah

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.
Determinants of Foreign Investment in Indonesia Post-Pandemic Sulvani, Putri; Fafurida, Fafurida
Signifikan: Jurnal Ilmu Ekonomi Vol. 13 No. 1 (2024)
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.v13i1.33552

Abstract

Research Originality: The Covid-19 pandemic brought out the phenomenon of a rapid increase in investment after it has ended in Indonesia. This study gives a significant contribution in analyze the impact of pandemic on foreign direct investment.Research Objectives: The aim of this research is to predict whether there is a relationship of interest rates, inflation, labor force, GDP, and exchange rate with investment.Research Methods: This research is also to examine the asymmetric relationship among variables using the NARDL (Nonlinear Autoregressive Distributed Lag) method to identify the long-run effects of these variables on the investment after the Covid-19 pandemic in Indonesia. It uses the secondary data from 1980-2022.Empirical Results: The results of research show that there is a long-run asymmetric effect of the variables of interest rates, GDP, and exchange rates on the foreign direct investment. It means that changes in these variable factors do not only affect the size of investment, but also the speed of its increase after the pandemic. Meanwhile, there is no asymmetric effect of the variables of labor force and inflation on the investment.Implications: This research provides a picture and new insights related to the foreign direct investment dynamics in Indonesia after the Covid-19 pandemic. This study implies that require a different policy approach in an effort to increase the investment in Indonesia.JEL Classification: F21, O40
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, Universitas Islam Negeri Syarif Hidayatullah

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
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, Universitas Islam Negeri Syarif Hidayatullah

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.
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, Universitas Islam Negeri Syarif Hidayatullah

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.