Jurnal Ekonomi Bisnis dan Kewirausahaan
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THE INDONESIA-MIDDLE EAST BUSINESS CYCLE SYNCHRONIZATION
Get PDFThis study aims to analyze the business cycle synchronization (BCS) between Indonesia and 14 Middle Eastern countries and its determinants. The BCS was measured using BCS Index. The panel data was analysed using Feasible General Least Square with estimated coefficients. The results show that the Indonesia-Middle East BCS is strong in terms of index and trend. Trade openness positively and significantly affects the BCS. This study provides evidence for the endogeneity of trade relations and the BCS. Price factors, such as inflation and exchange rates, are more difficult to forecast. This information allows stakeholders to promote Indonesia’s open trade policies and liberalization in the Middle East. This study proposes an update for how Indonesia and Middle East have benefited from the openness of trade and investment that exists between them. The BCS indices and trends in the two regions are important sources for expanding their economic partnership.JEL: E32, F13, N95, C33
GOVERNMENT SPENDING AND REGIONAL ECONOMIC GROWTH: THE MEDIATING EFFECT OF HUMAN DEVELOPMENT INDEX
Get PDFThe dynamic of local government spending on education, health care, and infrastructure in the region shows an interesting phenomenon in the last decade. Despite the fact that budget expenditures of sub national governments have grown substantially, the pace of the human development index and the rate of economic growth have provided us different pictures. This study aims to analyze the impact of the three spending groups on the quality of human development and economic growth in Indonesia. This research used purposive sampling method to obtain data from as many as 464 districts/cities that were observed during the 2016-2018 period. Based on panel analysis, there was evidence that health spending had a positive effect on the human development index and community welfare. By contrast, spending on education and infrastructure did not have a good effect on these two development indicators. Based on the Sobel test, only health spending had a positive indirect effect on economic growth through the quality of human development. Meanwhile, education spending did not have a significant effect on economic growth, either directly or indirectly. Future research may develop another measurement for insfrastructure spending to provide better proxy
ADAPTATION OF THE STATE UNIVERSITY-LEGAL ENTITY’S EMPLOYEES ON WORK PATTERN CHANGES DURING COVID-19 PANDEMIC
Get PDFThe COVID-19 pandemic phenomenon is causing increased stimulus to digital acceleration, and organizational work patterns change, thus creating a new work way for X University employees. Human resources management should keep on striving to retain employees as an essential asset. The purpose of this research is to analyze supporting factors and strategize to improve the adaptability of the education supporting staff of X University in changing situations as a result of the COVID-19 pandemic. The number of respondents who filled in the online questionnaire and were selected by using a purposive sampling method was 297 respondents. The data analysis tool used in this study is Structural Equation Modeling-Partial Least Square (SEM-PLS). The research found that engaging leadership, human resources management practice and job demands had no direct effect on work engagement. Job resources and personal resources had a direct effect on work engagement. Engaging leadership, human resources management practice, job demands, and job resources had no direct effect on performance. Personal resources and work engagement had a direct effect on performance. Work engagement was able to become a mediator for job resources and personal resources towards performance
INDONESIA'S FOREIGN DEBT DEVELOPMENT AND MACROECONOMIC VARIABLES
Get PDFIndonesia's foreign debt presents a dilemma for the government because, on the one hand, repayment of maturing loans has become a burden in the government budget as an expense item that must be considered. Loans, on the other hand, are a source of government revenue that can be used to close the budget deficit. Economic variables are the focus of this research. The type of research is associative descriptive research, with secondary data acquired from relevant institutions and agencies from 208 to 2020 and evaluated using descriptive and time series analysis. The results showed that the Rupiah exchange rate had a significant effect on the development of Indonesia's foreign debt. This conclusion implies that the government must stabilize the rupiah exchange rate against the US dollar in order to avoid the debt burden and interest payments being incurred and the occurrence of an economic crisis in the future. The public should utilize the government's jobless relief program. The higher the level of tax compliance from taxpayers, the higher state revenues and the ability to pay debts
SERVICE QUALITY, SATISFACTION, CONTINUOUS USAGE INTENTION, AND PURCHASE INTENTION TOWARD FREEMIUM APPLICATIONS: THE MODERATING EFFECT OF PERCEIVED VALUE
Get PDFThis study aimed to analyze factors that could influence continuous usage intention on freemium applications and purchase intention of premium services among students. Non-probability purposive sampling was used to determine the respondent. The criteria for the sample for this study were students who used freemium applications. Data were analyzed using Partial Least Square. The results confirmed that only reliability and responsiveness positively impacted customer satisfaction among the service quality dimensions, while assurance and empathy showed no effect. Only assurance and responsiveness were found to affect continuous usage intention positively, while empathy and reliability were found to have no effect. There was no evidence of the effect of the dimensions of service quality on purchase intention. Perceived value failed to moderate the effect of service quality on customer satisfaction. While there was a significant positive impact of customer satisfaction towards continuous usage intention, no effect has been found towards purchase intention. Continuous usage intention was confirmed to have a positive impact on purchase intention.JEL: O32, M31, L11ABSTRAKTujuan dari penelitian ini adalah untuk menganalisis faktor-faktor yang dapat mempengaruhi continuous usage intention dan purchase intention pada aplikasi yang memiliki layanan premium pada mahasiswa. Non-probability purposive sampling digunakan untuk menentukan jenis responden. Kriteria sampel pada penelitian ini adalah mahasiswa yang menggunakan aplikasi freemium. Data dianalisa menggunakan Partial Least Square. Hasil menunjukkan bahwa diantara dimensi service quality, hanya reliability dan responsiveness yang berpengaruh positif terhadap customer satisfaction sedangkan assurance dan empathy tidak berpengaruh. Hanya assurance dan responsiveness yang ditemukan berpengaruh positif terhadap continuous usage intention sedangkan empathy dan reliability ditemukan tidak berpengaruh. Seluruh dimensi service quality ditemukan tidak berpengaruh terhadap purchase intention. Perceived value tidak mampu memoderasi pengaruh service quality terhadap customer satisfaction. Customer satisfaction ditemukan berpengaruh positif terhadap continuous usage intention tetapi tidak terhadap purchase intention. Continuous usage intention ditemukan berpengaruh positif terhadap purchase intention.Kata Kunci: kualitas layanan, persepsi nilai, kepuasan, niata
STRUCTURE TRANSFORMATION IN INDONESIA: PERSPECTIVES FROM THE ECONOMICS AND LABOR IN THE INDUSTRY REVOLUTION 4.0
Get PDFDuring the decade, the Indonesians faced many economic challenges. Whether in the form of the industrial revolution 4.0 to the COVID19 pandemic. These challenges have led to economic transformation, starting from the agricultural, industrial, and service sectors. The success of this structural transformation is measured by the contribution of the agricultural, manufacturing, and service sectors to national income and employment. This study aims to analyze the transformation of the economic structure towards national income and employment with the Industrial Revolution 4.0 and Covid 19. This research is explanatory with a non-parametric correlation method. The analytical tool in this study is the Spearman correlation which is used to see changes in the transformation of the economic structure and employment in Indonesia. The type of data used is secondary data from BPS Indonesia. This study divides the economic sector into 17 main sectors by BPS Indonesia. The results showed a change in the structure of the Indonesian economy, although manufacturers were still the sector that contributed the most to Indonesia's national income. This also occurs in employment. There is a change in Indonesia’s employment structure, although the largest absorption is still in the agricultural sector.JEL: O14, O15, J21
THE EFFECT OF PUBLIC HOUSING CONSTRUCTION ON ECONOMIC GROWTH IN INDONESIA
Get PDFThe development of public housing infrastructure can encourage the opening of isolated areas, reduce production costs, create new centers of economic activity, expand employment opportunities, increase consumer purchasing power, and trigger economic growth at regional and national levels. This study investigates the effect of public housing on economic growth in Indonesia. The control variables included telecommunications, electricity, and education. The research method used was multiple linear regression with a panel data approach in 34 provinces of Indonesia from 2011 to 2019. The results show that telecommunications and education have a positive and significant impact on economic growth in Indonesia. Meanwhile, housing and electricity have no significant effect on economic growth in Indonesia. These results imply a need to evaluate the benefits of public housing development. Telecommunication infrastructure development must be evenly distributed so people can access the internet to support economic activities. In addition, the government must formulate effective policies so that the people of Indonesia can access education equally.JEL: H41, H44, H53, H54ABSTRAKInfrastruktur perumahan yang layak akan meningkatkan kualitas hidup masyarakat, sehingga meningkatkan produktivitas serta akan mendorong pertumbuhan ekonomi daerah dan nasional. Studi ini mengindentifikasi pengaruh perumahan rakyat terhadap pertumbuhan ekonomi di Indonesia. Penelitian ini menggunakan variabel kontrol telekomunikasi, listrik, dan pendidikan. Metode penelitian yang digunakan adalah regresi linier berganda dengan pendekatan data panel pada 34 provinsi di Indonesia periode 2011-2019. Hasil penelitian menunjukkan bahwa telekomunikasi dan pendidikan berpengaruh positif dan signifikan terhadap pertumbuhan ekonomi di Indonesia. Sementara itu, perumahan rakyat dan listrik tidak mempengaruhi pertumbuhan ekonomi di Indonesia. Implikasi dari hasil tersebut adalah perlunya evaluasi penerima pembangunan perumahan rakyat, serta pembangunan infrastruktur telekomunikasi harus merata agar masyarakat dapat mengakses internet untuk mendukung kegiatan ekonominya. Selain itu, pemerintah harus melakukan upaya untuk membuat pendidikan dapat diakses oleh semua orang.Kata Kunci : Pertumbuhan Ekonomi, Infrastruktur Publik, Pendidika
THE EFFECT OF HALAL AWARENESS AND PERCEIVED QUALITY ON THE DECISION TO PURCHASE SNACKS WITH BRAND IMAGE AS A MEDIATION VARIABLE
Get PDFThe global Islamic market may be due to the fact that the growth rate of the Muslim population is almost double that of the Christians and is expected to double in the span of four decades. These conditions make many companies currently target sales to the Muslim consumer segment to take advantage of the available opportunities. This study aims to determine the effect of halal awareness and perceived quality on Muslim millennial purchasing decisions through brand image as an intervening variable. The study used a causal associative method with a quantitative approach. The sample used was 250 respondents from Muslim millennials throughout Indonesia and had consumed snacks. The hypothesis was tested using a Structural Equation Model (SEM) based on Partial Least Square (PLS). Based on the test results, it is known that halal awareness and perceived quality affect brand image and purchasing decisions. The brand image was found to mediate the variables of halal awareness and perceived quality of purchasing decisions. The implication of this research for marketers and producers of snack foods is as input in designing a more appropriate marketing strategy supported by Muslim millennial halal awareness.JEL : E24, E220, I25
THE INFLUENCE OF BRAND PERSONALITY, BRAND AWARENESS, FASHION CONSCIOUSNESS, AND SATISFACTION AS INTERVENING VARIABLES ON MUSLIM FASHION PRODUCT LOYALTY IN INDONESIA
Get PDFThis research is intended to formulate a conceptual framework to determine the effect of the relationship between brand personality, brand awareness, fashion consciousness, and consumer satisfaction of Muslim women on Muslim fashion product loyalty. This research method is quantitative, with data collected by an online questionnaire and a variable measurement scale applied to a Likert scale. A sample is chosen through a purposive sampling technique, with characteristics respondents of Indonesian Muslim women who have bought and or used Muslim fashion products more than 1-2 times. The number of samples collected and successfully analyzed by as many as 155 of the 163 respondents since about eight questionnaires contained missing data. The study adopts the partial least square as a method of analysis, using SmartPLS 3.0 software. The study results show that brand personality influences consumer satisfaction for Indonesian Muslim women but has no effect on loyalty to Muslim fashion products. Brand awareness and fashion consciousness both affect the satisfaction of Indonesian Muslim women consumers and loyalty to Muslim fashion products.JEL: M30, M310, M370
THE PREFERENCES FOR HOUSING LOAN DEMAND IN INDONESIA BEFORE AND AFTER THE LOAN-TO-VALUE POLICY CHANGE
Get PDFThe high price of houses causes a person to not be able to buy a home. The way that someone can own a house is by taking advantage of the credit offers provided by the bank. A mcroprudential policy needed that aims to overcome financial system instability, one of which is the policy on easing the loan-to-value (LTV) ratio for housing loans (KPR). The adjustment of LTV ratio aims to increase the potential demand for property, especially housing and household appliances, in line with an increase in the incomes of the lower middle class, and to control risks in the property sector. This study analyzes the impact of savings, loan interest rates, property sector NPLs, and the number of housing loans before and after a LTV policy revision. The data analysis used the Paired t-test, Wilcoxon signed-rank test, and multiple linear regression. The study results showed that there were differences between savings, loan interest rates, property sector NPLs, and the number of mortgages before and after a LTV policy change. Savings and NPLs in the property sector have no impact on the demand for housing loans while loan interest rates and LTV policy significantly affect the demand for housing loans