Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
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Autoregressive Distributed Lag (ARDL) approach for re-testing the Fisher effect in Indonesia
Get PDFThis article discusses about re-testing the validity of the Fisher hypothesis in Indonesia. By using Autoregressive Distributed Lag (ARDL) approach, we will know if there is any causality between interest rate and inflation or not, for the long-term relationship. Interest rate divided into two main points, real interest rate and nominal interest rate. Hence, there are three main variables for this research, inflation, real interest rate and nominal interest rate. We applied the bound test to know cointegration between variables. The result shows that there is no evidence of long-term relationship and short term relationship between nominal interest rate and inflation in Indonesia
Association of owner related and external factors with micro and small manufacturing enterprises growth in Ethiopia
Get PDFThis study was conducted with the objective of analyzing the association of owner related and external factors with growth of MSEs operating in the manufacturing sector. Primary data were collected from 218 randomly selected owner/operator of manufacturing MSEs and coordinators of MSEs by using structured questionnaire and interview, respectively. Chi-square test was employed to analyze the owner related/internal factors, and external factors with growth of manufacturing MSEs. The statistical test revealed that gender, initial investment size, modern machinery, training, infrastructure and location have statistically significant association with growth of manufacturing MSEs; whereas age, education level, work premises and market linkage/ access are found to have statistically insignificant association with growth of MSEs operating in the manufacturing sector, though they make difference on the MSEs growth level. Therefore, to improve the growth of manufacturing MSEs, MSEs development office in collaboration with the municipality, among others, should consider the statistically significant factors and focus on the MSEs’ challenges which are stated by the owners of the business (own working premise and market access/linkage) and take corrective actions. Finally, further research on similar area is suggested by considering factors that need solution such as previous experience of operator in the sector, firm age and access to credit; besides similar study on remaining MSEs sector and comparative study may be conducted even within the manufacturing sector as economic sub-sector (i.e., textile and garment, metal working workshop, furniture and wood working, manufacturing bricks etc.) in order to have a holistic understanding of about the determinants of manufacturing MSEs growt
Inflation convergence and the determinant factors: A case study on 31 provinces in Indonesia
Get PDFThis study aims to estimate (the possibility) the inflation convergence among regionals in Indonesia and also analyze the determinant/source factor of the regional inflation. The population of this study consists of 31 provinces by using secondary data of the 2008-2017 period. Consumer Price Index becomes the dependent variable while Gross Regional Domestic Product, Provincial Minimum Wage, credit and Open Unemployment Level become the independent variable. This research uses panel data analysis and Fixed Effect Model regression estimation approach. The result showed that inflation convergence happened among regionals in Indonesia that can be seen through the X1 variable coefficient value of -0.635457 since the value of β < 0. While for the convergence speed calculation, the measurement result showed that the duration needed by the inflation to return to the initial balance or its natural value is 68 months. The study result also showed that Gross Regional Domestic Product, Provincial Minimum Wage, credit and Open Unemployment Level have significant influence on the Indonesia’s regional Inflation in 2008-2017
Effect of climate change on agricultural output in Ethiopia
Get PDFCurrently change in climate is known as the main environmental difficult that the world face. Its effect is openly reduces agricultural output in particular and economic growth in general. The main objective of the study was to examine the long run and short run effect of climate change on agricultural output in Ethiopia over a period of 1980-2016. The Auto Regresive Distributive Lag approach to co integration was applied to examine the long run and short run effect of climate change on agricultural output. ADF test was used for Unit root test. Result of bound test reveals that there is stable long run relationship between RAGDP, labour force, Mean annual rainfall, Average temperature, agriculture land, and fertilizer input import. The estimated long run model reveals that climate changes have an important effect on agricultural output which is the main contributor of overall GDP of the country. The coefficient of error correction term is -0.738 suggesting about 73.8% annual adjustment towards long run equilibrium. The estimate coefficients of short run show that mean annual rainfall have significant effect whereas average temperature has insignificant effect on output. In the long run both main variable of interest have significant effect on agricultural output with a positive effect from mean annual rainfall and negative effect from average temperature. In order to lessen the effects the study recommends concerned body needs to create a specific policies especially focus on technological adoption that avert effect of increase in temperature and that would result increase on the output by adopting technology at macro and micro level, additionally information regarding climate should be available for producers and consumer
Cash management practice, SACCO size and Kenya’s deposit taking saving and credit co-operatives financial sustainability
Get PDFDeposit taking Savings and Credit Co-operatives (SACCO) are solution to social dilemmas like abject poverty, living standards and unemployment. Nevertheless, 14 percent do not maintain sound cash management practices despite SACCOs oversight authority in Kenya offering guidelines and supervision to the enterprises that would assist in maintaining their financial sustainability. This necessitated for the evaluation of the moderating effect of SACCO size on cash management practice and financial sustainability. A descriptive cross-sectional survey design with a positivism philosophical paradigm  was adopted. Emailed questionnaire and data collection sheet were used in data collection which registered a 95 percent response rate. A binary logistic regression results established that with presence of a moderator for the predictor sub-variables, the strength of the relationship between variables registered an insignificant change but with introduction of interaction term, the strength of relationship between variables changed. The study concluded that SACCO size portrayed a statistically significant moderating effect on predictor sub-variables and response variable. The study thus recommends that the management need to consider increasing their SACCO sizes through merging, acquiring the non-performing SACCOs or even conducting intensive marketing since large size SACCO have low chances of being financially unsustainabl
Effects of financial development on income inequality in East Java Province
Get PDFThe research purposes are: (1) to determine the effect of financial sector development on income inequality in East Java Province, (2) to determine the effect of regional characteristics on income inequality in East Java Province. The study uses descriptive quantitative methods. The analysis method uses panel data regression with time series from 2013 to 2017 and cross-sections of 38 districts in East Java Province. The study results are as follows: (1) financial development has a negative and significant effect on income inequality, (2) the regional budget has a positive and significant effect on income inequality in East Java Province, (3) population density has a positive and significant effect on income inequality, (4) poverty has a positive and significant effect on income inequality, and (5) unemployment has no influence and is not significant in income inequality
Downstream development strategy of processing industry in Jambi Province
Get PDFThe food and beverage industry, the paper and paper goods industry, and the rubber industry, rubber and plastic goods are leading industries that play an important role in the regional economy of Jambi Province. Therefore, policies are needed to sustain leading industries' growth and development. This research aims to formulate a downstream strategy for the leading processing industry in Jambi province. The method used is the Analytical Network Process (ANP). The analysis results show that the priority strategy in the downstream development of the three leading industries in Jambi Province is optimizing the government's role in policy and funding for the downstream program
Bulk store as an effort to reduce marine debris in Bajo Pulau
Get PDFDamage to coastal ecosystems and shallow waters of the Bajo Pulau Village, Sape Sub-district, Bima District, West Nusa Tenggara Province is caused by the accumulation of household waste that is not managed by the community from year to year. It resulted in a reduction in the quality of seawater. This study examines the various factors behind it and synthesizes the solution to the problem by proposing a bulk store. The research method used is descriptive-analytic with a qualitative approach. Data collection was carried out by observation, field studies, literature studies, and interviews. The results showed that Indonesia (as the largest archipelagic country) has a low interconnectivity level. It causes small islands to be vulnerable to environmental degradation. This vulnerability is also caused by the lack of a business system that considers sustainable environmental capabilities. Therefore, it is necessary to reduce the amount of household waste scattered on land and in the sea that threatens the surrounding ecosystem with the concept of a minimal garbage collection facility based on a cooperative system
The determinant of commertial banks financial performance in Ethiopia
Get PDFThe study was attempted to investigate determinants of financial performance of commercial banks in Ethiopian by using secondary data. The data were obtained from audited financial statements of five sampled commercial banks for the period of 1997 to 2017 and National Bank of Ethiopia. The study used return on assets (ROA) and return on equity (ROE) as dependent financial performance variable. Moreover, the study used bank specific variables as explanatory variables. Both descriptive statistics and econometrics model specifically fixed effects estimation were used to analyze the relationships of dependent variable with explanatory variables. The major findings of the study shows that bank specific determinants were very important in explaining financial performance of commercial banks. The management efficiency, customer deposit to total asset ratio, capital adequacy ratio, loan to deposit ratio were positively and significantly related to bank’s financial performance. The study recommends that banks put a lot of focus on their own internal processes since bank specific factors have the biggest impact on their profitability. Most importantly, Ethiopian commercial banks should invest in expand in new geographical area and also upscale their innovation leading to products attractive to consumers. Competition, which is the main industry specific factor affecting profitability, should be handled through well designed marketing strategy
Development on the leading small and medium-sized industry (SMI): food industry in Jambi Province
Get PDFThe objectives of this research are: 1). to analyze the factors which determine the production of leading small-medium food industry, 2). to analyze the effect of leading small-medium food industry production towards community income. The analysis models used are simultaneous equation model (ESM) and simple regression. The research results show that the determining factors on the production of leading small-medium food industry are investment, production capacity, labor, sales, and the utilization of technology simultaneously. However, individually, the sales have significant influence on the production of leading small-medium food industry in which determined by promotion and market share. In addition, the influence of leading small-medium food industry is very significant on community income with a contribution of 59.54%. The amount of public income in the leading small-medium food industry is IDR 1.5 million for a single production period of 1.5 months or approximately IDR 1 million per month