Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
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Toward a tourism destination brand equity of coastal tourism of Pangandaran Regency
Get PDFIndonesia is one of the countries where tourism is the major contributors to the GDP. There are province and districts in Indonesia that mainly focused on the tourism business, Pangandaran is one of them. As a new district, Pangandaran is still trying to develop its brand as a tourist destination. This study aims to provide perceptual maps of Pangandaran as a brand compared to other coastal tourism destination. The study used Multidimensional Scaling (MDS), to inquire about the brand image of various coastal destination in Indonesia among domestic tourist. Two dimensions consisted of performance and value are used to measure the destination brand. More profound questions are also asked to inquire about factors that may influence tourist visitation. The result indicates that the Pangandaran brand as a tourism destination is perceived as a domestic oriented destination. A suggestion based on five steps of brand building is proposed to improve Pangandara
The dynamics of firm growth, size and liquidity constraints for Botswana listed firms
Get PDFThe study employed panel Ordinary Least Squares (OLS) model and panel Vector Autoregressive (VAR) model to examine the dynamic linkages among firm growth, liquidity and firm size. Specifically the study sought to: examine the key variables explaining the growth of firms in an emerging market; examine the reaction of one variable to innovations in another variable within the system and to identify the major drivers of changes in the main variable and the magnitude of the total effect over a certain period of time. Findings, using both panel VAR and panel OLS, showed that growth of firms is financially constrained by the availability of cash flows. There is a significant relationship between cash flows and firm growth which is consistent with theoretical prediction of imperfect capital markets. The panel VAR analysis further that the presence of financial constraints is sensitive to the measure of firm growth. The study shows the existence of causal relationship among firm size, liquidity and growth. Firm size, depending on measure adopted, is affected by availability of cash flows. Variations in investment expenditure were the main drivers of changes in firm growth, firm size and liquidity. The study suggests the need to improve and have a diversified access to finance. Policy makers should aim to develop the financial sector to guarantee sustainable access to bank and stock market finance. The development of strong institutions and reduction of information asymmetry is highly recommended
The suitability of cryptocurrency in the structure of Islamic banking and finance
Get PDFThis paper tends to examine cryptocurrency and its permissibility in the structure of Islamic banking finance. It identifies the major types of cryptocurrencies and also revealed its benefits. Despite these benefits and relating it to Islamic finance it was viewed from two angle; cryptocurrency and money in Islam and also cryptocurrency and the principles of Islamic finance. The study revealed it is compatible to structure of Islamic banking and finance when compared side by side to the features of fiat money which is currently in use. More so, the study clears some of the key issues like its legal tender, issuer unknown, money laundering & illicit purpose etc usually raised against cryptocurrency. The study concluded that cryptocurrency as an economic innovation has secured a pass mark to fit into the structure of Islamic banking and finance. The study further recommends that there is need to create standards guiding its operations, further ensure full disclosure on its transactions etc
The economic spillover of South Sumatera toward economic of Southern Sumatera Provinces in Indonesia
Get PDFThis study to investigation effect of hinterland government expenditure each region, Gross Regional Domestic Product (GRDP), investment, consumer price index, and the road length of South Sumatera province toward the GRDP of other provinces in Southern Sumatera such as Jambi, Lampung, Bengkulu, and Bangka-Belitung Island. The data use secondary data during 1986-2015, data source from the Central Bureau of Statistics, Directorate General of Regional Fiscal Balance, and Indonesia Investment Coordinating Board. The analysis uses multiple regressions with Ordinary Least Square (OLS) method. The results showed that the economic spillover of South Sumatera consisting of gross domestic product, investment, consumer price index and the road length caused spread effects to Jambi, Lampung, Bengkulu, and Bangka Belitung with positive values except for Bangka Belitung whose consumer price index was negative
High Frequency Trading, it’s role in the 2007/2009 financial crisis and the 2010 flash crash
Get PDFHigh Frequency Trading (HFT) is automation of the conventional securities trades in exchanges that begins by placing limit buy or sell orders, connecting the buyer to the seller and executing the transaction for profit. HFT began in the wake of the millennium and rapidly grew till 2005, later dropping after the 2007-2009 financial crisis; igniting a huge debate. I argue that HFT neither caused the 2007-2009 financial crisis actually occasioned by mispricing of subprime mortgages nor the May 6, 2010 flash crash actually caused by the immediacy problem. That HFT is just an algorithm that attracted mistrust by a section of exchange stakeholders by reason of high speed trade execution. I finally forecast that HFT can only gain more ground after reaching its lowest in 2014, but that it requires regulation to operate in stability
Good university governance: experience from Indonesian university
Get PDFThe purpose of this paper is to discuss the concept of a good university governance. Particularly, this paper discuss the implementation of good governance in Indonesia and the principles used in achieving good governance in Indonesia. Education has developed from time to time and universities as higher education institutions also develop into a dynamic and modern institutions of knowledge. The concept of good university governance provides a guidance for the management of a university and the university should place itself in the middle of the public and the nation. The concept of university governance is originally derived from the good governance concept. The concept of university governance is a guideline for the university to achieve the vision and objectives as a professional institution. There are eight good university governance in Indonesia, namely transparency, accountability to stakeholders, responsibility, independence in decision making, fairness, quality assurance and relevance, effectiveness and efficiency, as well as non-profit. These principles need to be developed in all academic activities and the university management
A century of India’s economic transformation: a critical review
Get PDFThe objective of this study is to examine India’s transformation from a colonial to a modern economy on the basis of the macro-economic level changes that have occurred over the last century. This is important because it will help us to understand the associated growth performance and its impact on sectoral changes and employment in the wider context of developing economies such as India. The methodology to be followed here is derived from the aims of the study and comparisons of international statistics that provide the means by which to address the research questions and the objectives of this paper. The study found that during the colonial period, the Indian economy became subservient rather than sovereign in terms of policy matters. As a result, economic development was hampered by the removal of ‘surplus’, along with very high land rents and tribute charges. A densely populated country like India was drawn into the orbit of exploitation in the mid-18th century. Soon after independence in 1947, the Indian government took a number of initiatives to enhance industrial and agricultural development, but the biggest failure was that it did not make any real impression on the country’s huge unemployment problems
Creativity and innovation in achieving success in traditional cake businesses
Get PDFMany factors influence the success of a business, either internal or external factors. This study aims to examine the interrelationship of internal factors in the form of creativity and innovation to the success of the businesses of traditional cake. Using quantitative methods, data was collected through questionnaires to 37 traditional cake entrepreneurs in Kuala Tungkal City, Tanjung Jabung Barat Regency, Jambi Province. Analysis was done by using path analysis. The results show that creativity and innovation both simultaneously and partially have a positive effect on the success of traditional cake businesses. Innovation has more dominant influence than creativity in the success of businesses. From the descriptive analysis it was found that the success of the business in the form of increasing income was not followed by the addition of new customers. Therefore it is recommended for the entrepreneurs to innovate in product, process, place and design to be able to attract new customers
Human capital investment: an analysis of the return of higher education
Get PDFThis study is aimed to analyze particular problems related to economic return for West Sumateran workers who graduated higher education by using human capital investment concepts. The dataset is sourced from National Labor Force Survey for West Sumatera 2017 and contains 1798 records of those aging at least 15 years, graduating from academy, university and postgraduate schools and distributed in all main industries. The return to higher education is estimated using Mincerian framework by considering modulatory effects of college major graduated. Other worker characteristics including training and experience are used to measure earning differentials among worker. The result of this study shows that the return to higher education is significantly positive and amplified if workers graduated from certain college majors. It is also found that participating in job training and having working experience prior to current job significantly increase highly educated workers earning in West Sumatera
Typology and inequality between island clusters and development areas in Maluku Province
Get PDFThis study aims to analyze patterns of economic growth and island cluster inequality in Maluku Province during the period 2010-2016. The data in this study are secondary data using quantitative descriptive methods and analytical typology analysis tools and theil index. The results showed that the VIII-IX island cluster which was classified as advanced and fast growing but had a very high inequality compared to other island cluster groups was Tual City, Southeast Maluku Regency and Aru Islands Regency. The division of the Maluku region in the Klassen typology is based on the center of growth with the hinterland area. Southern Maluku as a development area is classified as developed and fast-growing where Tual City is a center of growth but has a very high inequality compared to Maluku in the northern region