EtikonomiPub Date : 2023-10-03DOI: 10.15408/etk.v22i2.32172
Dede Setiono
{"title":"Impact of Raw Material Export Restrictions on Employment: Evidence from Panel Data","authors":"Dede Setiono","doi":"10.15408/etk.v22i2.32172","DOIUrl":"https://doi.org/10.15408/etk.v22i2.32172","url":null,"abstract":"The extractive industry typically contributes limited direct employment in host countries, prompting some nations to consider export restrictions on raw materials to enhance domestic job opportunities. However, scholarly opinions on the efficacy of these policies vary widely. This study addresses this gap by utilizing an extensive dataset spanning over a decade and encompassing diverse countries. Employing a fixed-effect Ordinary Least Square (OLS) regression model with panel data from 74 countries from 2009 to 2021, this paper shows that raw material export restrictions do not affect employment rates. This fact challenges the prevailing notion that export restrictions inherently boost domestic employment. Consequently, a more comprehensive strategy, including economic diversification, technological investment, and alternative job creation measures alongside export controls, is essential to effectively address employment challenges within the extractive sector.JEL Classification: F1, J2, O1","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135789469","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
EtikonomiPub Date : 2023-03-04DOI: 10.15408/etk.v22i1.25271
Makhdalena Makhdalena, Desi Zulvina, Yani Zulvina, Rizky Windar Amelia, A. Wicaksono
{"title":"ESG and Firm Performance in Developing Countries: Evidence From ASEAN","authors":"Makhdalena Makhdalena, Desi Zulvina, Yani Zulvina, Rizky Windar Amelia, A. Wicaksono","doi":"10.15408/etk.v22i1.25271","DOIUrl":"https://doi.org/10.15408/etk.v22i1.25271","url":null,"abstract":"Several studies primarily investigate the influence of environmental, social, and governance on firm performance in a developed country where markets have matured, and investors are aware of corporate social responsibility activities. Therefore, studies in developing countries are still rare and mixed. This study examines the effect of Environmental, Social, and Governance (ESG) information on firm performance in ASEAN developing countries. We observed companies in ASEAN developing countries (Indonesia, Malaysia, Philippines, Thailand, and Vietnam) during 2010-2020. The information on ESG score and ROA as a proxy for firm performance measures ESG. Regression test results showed that ESG has a positive effect on firm performance. We also found that three components of ESG, environmental, Social, and Governance, positively affect firm performance. Robustness test results showed that overall ESG information, environmental information, and social initiatives affect the firm’s market performance (Tobin’s Q). Research originality in this study proves that developing countries have a positive effect between ESG disclosure and company performance. ESG, in the long term, would build effective governance and increase shareholder value. The research implication is to suggest a company has ESG information due to empirical testing that ESG information enhances a firm operational and market performance.JEL Classification: G30, Q56, Q50How to Cite:Makhdalena., Zulvina, D., Zulvina, Y., Amelia, R. W., & Wicaksono, A. P. (2023). Environmental, Social, Governance, and Firm Performance in Developing Countries: Evidence from Southeast Asian. Etikonomi, 22(1), 65–78. https://doi.org/10.15408/etk.v22i1.25271.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2023-03-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47723971","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
EtikonomiPub Date : 2023-03-04DOI: 10.15408/etk.v22i1.25222
F. Singagerda, Andi Desfiandi, Elin R Marantika
{"title":"The Gravity Model of Indonesian Tourism Trade and Investment","authors":"F. Singagerda, Andi Desfiandi, Elin R Marantika","doi":"10.15408/etk.v22i1.25222","DOIUrl":"https://doi.org/10.15408/etk.v22i1.25222","url":null,"abstract":"This study aimed to determine the performance of tourism investment and trade in Indonesia following the outbreak of COVID-19 and other economic and non-economic factors. Goods and services for Indonesian tourism from 8 sample countries over 26 years were examined using a tourism economy approach and a gravity panel model of the flow of investment and trade. Regarding research originality, the model developed is constructing tourism economic theory applying the Keynesian method. The results showed that economic factors, such as GDP per capita, interest rates, exchange rates, prices, and economic distance, and non-economic factors, such as population, travel alerts, and pandemics, significantly affect investment flows and the tourism trade. Furthermore, tourism competitiveness increased globally in 2019. However, potential economic leakage in FDI and trade were identified. As a result, the government must emphasize long-term and efficient investment and trade in the tourism sector, particularly in the context of systemic shocks such as a pandemic.JEL Classification: C58, D58, Z32, Z38How to Cite:Singagerda, F. S., Desfiandi, A., & Marantika, E.R. (2023). The Gravity Model of Indonesian Tourism Trade and Investment. Etikonomi, 22(1), 143–154. https://doi.org/10.15408/etk.v22i1.25222.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2023-03-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44006183","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
EtikonomiPub Date : 2023-03-04DOI: 10.15408/etk.v22i1.26632
R. Astuti, D. Hartono
{"title":"Improving Food Security through Financial Inclusion","authors":"R. Astuti, D. Hartono","doi":"10.15408/etk.v22i1.26632","DOIUrl":"https://doi.org/10.15408/etk.v22i1.26632","url":null,"abstract":"Financial inclusion may accelerate food insecurity reduction, an issue in Indonesia’s development. However, studies examining the relationship between financial inclusion and food security remain inconclusive and scarce in Indonesia. Therefore, this study aims to analyze how strong the relationship between those variables is, both in general and within specific groups. This study mainly used data from the National Socio-Economic Survey (Susenas) 2020. Food security is measured by dietary diversity score (DDS), while financial inclusion is measured by household accessibility to savings and credit. The association between those variables is examined using the Ordinary Least Square (OLS) method. The results show that financial inclusion is positively related to household food security at a significant level, in general, and according to poverty status and location category. Therefore, expanding financial inclusion may be suggested as an alternative to improve food security. JEL Classification: C31, G20, O10 How to Cite:Astuti, R.,& Hartono, D. (2023). Improving Food Security through Financial Inclusion. Etikonomi, 22(1), 15–30. https://doi.org/10.15408/etk.v22i1.26632.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2023-03-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44343558","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
EtikonomiPub Date : 2023-03-04DOI: 10.15408/etk.v22i1.25617
Mediany Kriseka Putri, Andriani Natasha Putri
{"title":"Entrepreneurial Marketing Impact Score on MSME Performances Through Its Dimension","authors":"Mediany Kriseka Putri, Andriani Natasha Putri","doi":"10.15408/etk.v22i1.25617","DOIUrl":"https://doi.org/10.15408/etk.v22i1.25617","url":null,"abstract":"The presence of the entrepreneurial marketing concept is considered capable of overcoming marketing problems in MSMEs. This study aims to determine the specific magnitude of the influence score given by each entrepreneurial marketing dimension to MSMEs in Bengkulu City. This study focuses on culinary MSMEs that are the mainstay sector of the region. The effective and relative contribution has been used to measure the influence score of its dimension on performance and 183 questionnaires are distributed to the owners of MSMEs in Bengkulu City. The results show that the dimension of resource leverage most dominantly affects business performance. Meanwhile, calculated risk-taking has a minor effect. Essentially, culinary MSME business actors in Bengkulu City must improve their ability to effectively predict the problem in the future that can be done by joining risk management certification or webinar.JEL Classification: L25, L26, L66How to Cite:Putri, M. K., & Putri, A. N. (2023). Entrepreneurial Marketing Impact Score on MSME Performance Through Its Dimension. Etikonomi, 22(1), 79–92. https://doi.org/10.15408/etk.v22i1.25617.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2023-03-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46021967","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
EtikonomiPub Date : 2023-03-04DOI: 10.15408/etk.v22i1.24617
Allah Ditta Nawaz, N. Bhutto, Shabeer Khan
{"title":"The Spillover Effect of Global Uncertainty on BRICS Stock Markets","authors":"Allah Ditta Nawaz, N. Bhutto, Shabeer Khan","doi":"10.15408/etk.v22i1.24617","DOIUrl":"https://doi.org/10.15408/etk.v22i1.24617","url":null,"abstract":"Using monthly data spanning from 1993 to 2021 and employingthe DCC-GARCH model, this study examines the role ofEconomic Policy Uncertainty (EPU) as a potential exogenousfactor impacting the correlation of Brazil, Russia, India, andChina (BRIC) economies’ stock markets, which is new to theliterature. Further, this dynamic correlation series is used as adependent variable while EPU of BRIC and USA is used as anindependent variable by utilizing the autoregressive distributedlag (ARDL) model. The study finds a positive and significantshort-run as well as the long-run impact of Russia’s and theUS’s EPU on their stock markets. In other words, as the EPUof the USA increases, the correlation of BRIC with the USAStock Market and the World Stock Market increases, suggestingminimum diversification opportunities for the investors. Thestudy also recommends that investors diversify their portfoliosby considering cross borders assets avenues to gain maximumreturns and reduce portfolio risk.JEL Classification: E44, C32, E52, E60, E62, C58How to Cite:Nawaz, A. D., Bhutto, N. A., & Khan, S. (2023). The Spillover Effect of Global Uncertainty on BRICS Stock Markets. Etikonomi, 22(1), 45–64. https://doi.org/10.15408/etk.v22i1.24617.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2023-03-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48028416","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
EtikonomiPub Date : 2023-03-04DOI: 10.15408/etk.v22i1.25625
D. Rinaldo, Puteri Andika Sari, Wiendy Puspita Sari, Rediawan Miharja
{"title":"The Development of Good Micro, Small and Medium Enterprises Governance Indicators","authors":"D. Rinaldo, Puteri Andika Sari, Wiendy Puspita Sari, Rediawan Miharja","doi":"10.15408/etk.v22i1.25625","DOIUrl":"https://doi.org/10.15408/etk.v22i1.25625","url":null,"abstract":"A systematic literature review method was used in this study to find good governance for micro, small, and medium-sized businesses (MSMEs). The SEM-PLS approach was utilized to assess the effect of MSMEs' owners' competencies on the level of governance model implementation and the performance of MSMEs. The test results suggest implementing the governance model's concept can improve business performance. To be effective, however, owners of MSMEs must be willing to invest in their professional growth. Thus, based on the research findings, the MSMEs governance model, which is unique to this study, can serve as a standard for MSMEs' performance and a reference for various stakeholders involved in MSMEs' development initiatives.JEL Classification: G3, M21How to Cite:Rinaldo, D., Sari, P. A., Sari, W. P. & Miharja, R. (2023). The Development of Good Micro, Small and Medium Enterprises Governance Indicators. Etikonomi, 22(1), 93–118. https://doi.org/10.15408/etk.v22i1.25625.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2023-03-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41847484","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
EtikonomiPub Date : 2023-03-04DOI: 10.15408/etk.v22i1.23737
Shanwen Guo, Liliang You, Qibin Wang
{"title":"What is the trend after Covid-19? A Political-Economic Analysis of the Pension Systems in Hong Kong and MACAU","authors":"Shanwen Guo, Liliang You, Qibin Wang","doi":"10.15408/etk.v22i1.23737","DOIUrl":"https://doi.org/10.15408/etk.v22i1.23737","url":null,"abstract":"The aging trend of the population in Hong Kong and Macau is evident, so the pension system is especially significant. This research paper uses document analysis and a double-case study as the research method. It uses path dependence and critical moments in historical institutionalism theory as the theoretical tools for political economy analysis. The discussion argues that “the social culture shaped by local politics,” “the combination of local economic development and economic structure,” and “influence from social structure” are the three main factors that influence the pension systems in Hong Kong and Macau, and are the fundamental reasons for the differences between the pension systems in Hong Kong and Macau. We also conclude that the outbreak of COVID-19 is causing the evolution of the pension systems in both regions to be converging.JEL Classification: H7, N9, O2, R5How to Cite:Guo, S., You, L., & Wang, Q. (2023). What is the Trend after Covid-19? A Political-Economic Analysis of the Pension Systems in Hongkong and Macau. Etikonomi, 22(1), 155–174. https://doi.org/10.15408/etk.v22i1.23737.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2023-03-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48406605","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
EtikonomiPub Date : 2023-03-04DOI: 10.15408/etk.v22i1.22385
Saba Shaikh, Imamuddin Khoso, N. Channa
{"title":"The Nexus between Time Management Behaviors and Work-Life Balance of Employees","authors":"Saba Shaikh, Imamuddin Khoso, N. Channa","doi":"10.15408/etk.v22i1.22385","DOIUrl":"https://doi.org/10.15408/etk.v22i1.22385","url":null,"abstract":"This research is envisioned to explain the impact of individual time management behaviors on the work-life balance of banking employees. Using the positivist paradigm, a self-administered survey was chosen to collect responses from bank employees across Sindh, Pakistan. The presented hypotheses were supported by quantitative analytical techniques that tested causal links between all constructs. A total of 450 questionnaires were administered, out of which 320 valid responses were analyzed using PLS-SEM. The findings validated that individual time management behaviors do contribute to attaining work-life balance in the banking sector. Results revealed a positive effect of goal setting and priorities, time management mechanics, and organization preference on employees’ work-life balance. Among all, mechanics of time management (MTM) substantially impact achieving work-life balance. This research will aid in the identification of time management practices that are better capable of balancing work and life.JEL Classification: M12How to Cite:Shaikh, S., Khoso, I., & Channa, N. (2023). The Nexus Between Time Management Behaviors and Work-Life Balance of Employees. Etikonomi, 22(1), 119–130. https://doi.org/10.15408/etk.v22i1.22385.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2023-03-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67107879","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
EtikonomiPub Date : 2023-03-04DOI: 10.15408/etk.v22i1.30605
Annisa Salsabila, Dwi Nur’aini Ihsan
{"title":"The Influence of Halal Lifestyle on Career Women in Indonesia","authors":"Annisa Salsabila, Dwi Nur’aini Ihsan","doi":"10.15408/etk.v22i1.30605","DOIUrl":"https://doi.org/10.15408/etk.v22i1.30605","url":null,"abstract":"The halal industry is experiencing rapid development, one of which is the increasing demand for halal products. Studying the halal lifestyle for career women is interesting because of the growing development of Muslim fashion and halal cosmetics. The originality of this research lies in a comprehensive study of the halal lifestyle in career women. This study aimed to determine the effect of religiosity, knowledge, awareness, and social environment on the halal lifestyle of career women in Jakarta Province. The respondents were 250 Muslim career women. The method of this research used the SEM-PLS method. The results of this research indicated that the variables of religiosity, awareness, and social environment significantly affect the halal lifestyle. Meanwhile, the knowledge variable does not affect the halal lifestyle. This research implies that halal industry producers must increase intense outreach and education to the public, especially among career women.JEL Classification: E31, F31, C22How to Cite:Salsabila, A. Y., & Ihsan, D. N. (2023). The Influence of Halal Lifestyle on Career Women in Indonesia. Etikonomi, 22(1), 197–212. https://doi.org/10.15408/etk.v22i1.30605.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2023-03-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49431286","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}