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INDONESIA
JIET (Jurnal Ilmu Ekonomi Terapan)
Published by Universitas Airlangga
ISSN : 25411470     EISSN : 25281879     DOI : -
Core Subject :
Jurnal Ekonomi Terapan (JIET) mengundang naskah dalam berbagai topik termasuk, tetapi tidak terbatas pada, kebijakan moneter, kebijakan fiskal, kebijakan dan keuangan internasional, kajian ekonomi gender, perlindungan sosial, ekonomi sumberdaya alam dan lingkungan, ekonomi politik.
Arjuna Subject : -
Articles 162 Documents
The Effects of Money Supply on Exchange Rate: Evidence of Dornbusch Overshooting Model in Indonesia (2000-2021) Syamad; Rossanto Dwi Handoyo
Jurnal Ilmu Ekonomi Terapan Vol. 8 No. 1 (2023)
Publisher : Department of Economics, Faculty of Economics and Business, Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jiet.v8i1.45177

Abstract

This study aims to analyze the effects of money supply on exchange rate in Indonesia and to investigate whether there is an application of the Dornbusch Overshooting Model. The Autoregressive Distributed-Lag (ARDL) method is used to analyze short-term and long-term effects and uses time-series data from 2000:Q1 to 2021:Q4. The results of this study show that the long-term coefficient of the money supply has a smaller effect on the depreciating exchange rate than the short-term coefficient. Based on the estimation results, it can be concluded that there is an application of the Dornbusch Overshooting Model in Indonesia. A further implication of this research is that the factors that influence exchange rate fluctuations are of great concern in an effort to maintain exchange rate stability. For example, growth in the money supply because a 1 percent change in the money supply results in a change of more than 1 percent in the exchange rate. In addition to the money supply, other variables such as inflation and interest rates also have a large influence on changes in exchange rates and have different magnitudes of influence in the short and long-run.
The Effect of Financial Inclusion on Inclusive Economic Growth in Indonesia Ayu Az Zahra, Della; Ajija, Shochrul Rohmatul
Jurnal Ilmu Ekonomi Terapan Vol. 8 No. 1 (2023)
Publisher : Department of Economics, Faculty of Economics and Business, Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jiet.v8i1.45426

Abstract

This study examines the influence of financial inclusion on inclusive economic growth in Indonesia using data from 34 provinces. Financial inclusion is measured using the number of bank branch offices, the ratio of credit savings to GRDP, and third-party funds. Meanwhile, economic growth is described by the logarithmic variable of the difference in GRDP per capita. Secondary data from the Central Statistics Agency (BPS) and the Financial Services Authority (OJK) are used in this study. According to the statistical panel regression estimation results, the savings ratio per GRDP and third-party funds significantly positively affect inclusive economic growth. In contrast, the number of bank branch offices has no significant effect on inclusive economic growth.
The Effect of Electronic Money Transactions on Household Consumption Prihantono, Gigih; Kholifah , Afif Kusnul
Jurnal Ilmu Ekonomi Terapan Vol. 8 No. 2 (2023)
Publisher : Department of Economics, Faculty of Economics and Business, Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jiet.v8i2.44716

Abstract

This study aims to determine the effect of the volume of electronic money transactions on household consumption in Indonesia, Malaysia, Thailand, and Singapore from 2012 to 2019. The seemingly unrelated regression method was chosen due to heteroscedasticity and contemporaneous correlation problems in the model. This method estimates the relationship between the volume of electronic money transactions and household consumption. In this study, electronic money is used in the form of chips and servers. The results of this study indicate that Indonesia, Malaysia, Thailand, and Singapore have a significant positive relationship between the volume of electronic money transactions and household consumption. It indicates that consumers already have confidence in the non-cash payment transaction system, especially electronic money, and feel that using it is more efficient, fast, and secure.
Analysis of Symmetric and Asymmetric Effects of Exchange Rate Pass-Through in Inflation-Targeting Countries Syamad; Handoyo, Rossanto Dwi
Jurnal Ilmu Ekonomi Terapan Vol. 8 No. 2 (2023)
Publisher : Department of Economics, Faculty of Economics and Business, Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jiet.v8i2.45150

Abstract

The main purpose of this study is to analyze the effects of symmetry and asymmetry of the exchange rate pass-through in Middle-Income and High-Income countries that implement inflation-targeting policies. This study uses a sample of Middle-Income Countries (South Africa, Brazil, India, Indonesia, and Mexico) and High-Income Countries (Australia, Japan, Canada, Norway, and Sweden) in the form of time-series 2000:Q1- 2021:Q4 with the method of Autoregressive Distribution Lag (ARDL) and Nonlinear Autoregressive Distributed Lag (NARDL). The results showed that five countries have a significant positive effect on the real exchange rate on inflation in the short-run in the ARDL method. In addition, in the NARDL method, five countries significantly positively affect the depreciation of the real exchange rate on inflation in the short-run. Then, only one country has a significant negative effect between the appreciation of the real exchange rate on inflation in the short-run and eight countries in the long-run. Based on the estimation results, it can be concluded that the average quantity of real exchange rate effect on inflation (exchange rate pass-through) in Middle-Income Countries is greater than in High-Income Countries. Therefore, inflation-targeting policies are more flexible to be applied in high-income countries. In addition to the exchange rate, other variables such as oil prices, money supply, and real GDP also greatly affect inflation and have different effects in each country.
Fraud Prevention Analysis: Perceptions of Bank Sumsel-Babel Employees Putra, Berry; Adam, Mohamad; Meutia, Inten
Jurnal Ilmu Ekonomi Terapan Vol. 8 No. 2 (2023)
Publisher : Department of Economics, Faculty of Economics and Business, Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jiet.v8i2.45169

Abstract

If a nation's financial statements are stable and exist, and the financial system is stable, banking companies can contribute to economic growth. The growth or development of the banking world is not only dominated by certain banks such as BUMN Banks or Private Banks. However, this is also experienced by Regional Development Banks. In several cases in banking, Fraud occurs due to internal processes (human error), system failures, or external errors. This research uses a quantitative research method with a questionnaire observation approach, with the object respondents being Bank Sumsel-Babel employees, totaling 238 respondents and 34 question instruments”Smart-PLS analysis technique. Of the 32 indicators (2 indicators omitted), in the outer measurement model, data has validity and reliability with the approach that has been achieved. At the same time, in the inner path coefficient test model, all variables are negative with a value <- 420 (weak category). Meanwhile, at the R-square level of 0.688 (moderate), it can create a goodness of fit, robust value, and an accuracy of 95.0%. The estimation results show that all variables have a negative direction coefficient that significantly affects compensation, competence, and internal control of Fraud. At the same time, organizational culture, with a value of 0.138 > 0.05, indicates no effect on Fraud.
Approaches in Overcoming Economic Uncertainty in the Southeast Asian Region: Critical Review Fianto, Achmad Yanu Alif
Jurnal Ilmu Ekonomi Terapan Vol. 8 No. 2 (2023)
Publisher : Department of Economics, Faculty of Economics and Business, Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jiet.v8i2.45771

Abstract

This study analyzes the use of economic and financial theory to address economic uncertainty in Southeast Asia. The findings show a uniform approach between countries in economic stability policies, including financial stimulus for the MSMEs sector. This research also reveals a similar pattern in financial stimulus policies in six important sectors. Other efforts include creative industry incentives, road maps, training, and partnerships with investors. This research makes an important contribution in understanding the application of economic and financial theory in dealing with economic uncertainty in Southeast Asia. The findings can be a reference for other countries facing similar challenges
The Study of the Impact of Macroeconomic Stability and Crisis Effects on MSMEs Financing of Sharia Commercial Banks in Indonesia Putri, Amila Zamzabila; Musthofa, Muhammad Wakhid
Jurnal Ilmu Ekonomi Terapan Vol. 8 No. 2 (2023)
Publisher : Department of Economics, Faculty of Economics and Business, Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jiet.v8i2.45989

Abstract

The COVID-19 pandemic epidemic that the Indonesian state experienced caused a crisis in the economy that has negatively impacted the country's economy. 2020 has seen a slowdown in the rate of economic growth, which has made it more difficult for MSMEs operations to get bank capital loans. Every year, sharia commercial banks have allocated less finance to MSMEs. Because of this, many MSMEs encounter a capital shortage during their production process. Due to this, the aim of this study is to investigate how macroeconomic variables”interest rates, inflation, and the impact of the economic crisis”act as financial factors and how much of the channel sharia commercial banks can finance MSMEs. sharia commercial banks that are registered with the Financial Services Authority (OJK) between 2019 and 2021 are the object of this study. This study uses secondary data in a quantitative research. In this study, data analytic techniques included multiple linear regression analysis, hypothesis testing, and classical assumption testing. The findings indicate that the interest rate variable and the effects of the economic crisis had a significant negative impact on the MSMEs financing. On the other hand, the MSMEs finance was significantly positively impacted by the inflation variable.
Poverty Line Based on the Large Archipelagic Area in Indonesia in Taking Poverty Alleviation Policies Faradis, Royhan; Uswatun Nurul Afifah
Jurnal Ilmu Ekonomi Terapan Vol. 8 No. 2 (2023)
Publisher : Department of Economics, Faculty of Economics and Business, Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jiet.v8i2.46331

Abstract

Various efforts to overcome poverty have been carried out by the government but the number of poor people is still quite high. Based on the 1945 Constitution, the Indonesian government has a mandate to realize social welfare for all people. Well-being is characterized by the fulfillment of the material, spiritual, and social needs of citizens. In other words, prosperity can be achieved through poverty alleviation. In alleviating poverty, existing policies have not interpreted the poverty line based on division in Indonesia. This study analyzes more deeply the role of urban and rural poverty lines in the division of regions in Indonesia. The method used is descriptive statistics by grouping provinces into 7 categories of large islands in Indonesia. In addition, the MANOVA analysis method was also used in this study to answer the role of the region on the size of the poverty line. What is interesting about this study is the finding that regional differences play a significant role in influencing the size of the poverty line. This research also revealed the fact that the poverty line gap between regional categories is wide at a significance level below 0.05 in the MANOVA test of between subjects effects.
Regulation of the Financial System in the Republic of Congo Issie, Franchel Mbon
Jurnal Ilmu Ekonomi Terapan Vol. 8 No. 2 (2023)
Publisher : Department of Economics, Faculty of Economics and Business, Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jiet.v8i2.47074

Abstract

After the 2008 subprime crisis, financial institutions in the Congo (Brazzaville) underwent a series of significant adjustments and reforms in line with their regulatory traditions of systemically important financial institutions, the evolution of the regulatory system, and the country's financial development needs. This paper needs to analyze and study financial regulation in the Republic of Congo. This paper mainly analyzes the current situation of the financial regulatory system of the Republic of the Congo (Brazzaville), finds the problems in the financial regulatory system, collects accessible financial data and financial indicators, and constructs the financial regulatory system of the Republic of the Congo (Brazzaville) with principal component analysis. This paper uses the GARCH-CoVaR model to assess the contribution of banks' systemic risk in Congo Brazzaville. Then, it constructs a risk assessment system for Congo based on the indicator method. The results show that banks' systemic risk is not limited to the systemic risk of individual banks. The systemic risk of banks in the Republic of Congo mainly originates from six major banks: the Central Bank of the State of Congo, the Bank of Congo, the Bank of Commerce and Credit of Congo, the Savings Bank of Congo, the Central Bank for the Development of Central African States, the Central Bank of Africa, and the Central Bank of Africa.
Political-Economic Comparison of The World Bank and The New Development Bank Widjanarko, Yeremia Nicolaus
Jurnal Ilmu Ekonomi Terapan Vol. 9 No. 1 (2024)
Publisher : Department of Economics, Faculty of Economics and Business, Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jiet.v9i1.49538

Abstract

Although stated as one of the influential actors in international relations and discussed in many previous studies, MDB had yet to be comprehensively depicted. Through this research, the author intended to fill this gap by comparing the World Bank as a traditional MDB and the New Development Bank as a Neo MDB within the international economic order. By comparing the political and economic anatomy such as ownership structure, distribution of voting power in decision-making, establishment objectives, types of financing services, operational coverage, sources of funding, private sector options, and service customization and examining them using an organizational political-economy approach, the author found both MDBs had significant differences in carrying out their functions as cross-border financial institutions.

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