{"title":"The Influence of Financial Literacy, and Investment Knowledge on Investment Interest mediated by Investment Motivation","authors":"Dhiya Auliana","doi":"10.24843/jekt.2024.v17.i01.p05","DOIUrl":"https://doi.org/10.24843/jekt.2024.v17.i01.p05","url":null,"abstract":"This study attempted to determine the influence of investment knowledge and financial literacy on capital market investing interest via investment motivation. All IDX Investment Gallery users in the Faculty of Economics and Business, University of Mataram, made up the study's population, and 85 Investment Gallery users were chosen as the study's sample using a purposive selection approach. Associative quantitative research is the term used to describe this sort of study. Smart-PLS 4 was utilized to process the data in this study, and the following tests were run: validity test, reliability test, R-Square, inner model, and path coefficient. The findings demonstrated that, while investment knowledge has a negligible impact on investment interest, financial literacy, and investment motivation have a favorable and considerable impact. Investment motivation is positively and significantly impacted by financial knowledge and literacy. Financial literacy and investment interest can be mediated by investment motive, but investment knowledge cannot.","PeriodicalId":485386,"journal":{"name":"Jurnal Ekonomi Kuantitatif Terapan","volume":"28 22","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140269162","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}
S. Wahyudi, Rihana Sofie Nabella, Nurul Badriyah, Kartika Sari, R. Radeetha
{"title":"Forecasting Financial Inclusion and Its Impacts on Poverty and Inequality: A Comparative Study in ASEAN","authors":"S. Wahyudi, Rihana Sofie Nabella, Nurul Badriyah, Kartika Sari, R. Radeetha","doi":"10.24843/jekt.2024.v17.i01.p08","DOIUrl":"https://doi.org/10.24843/jekt.2024.v17.i01.p08","url":null,"abstract":"Financial inclusion has played a vital role in eradicating poverty and inequality in some developing countries over the last few decades. In ASEAN, the growth of financial inclusion is so rapid that it reaches every element of society. Therefore, the purpose of this study is to examine forecasts of financial inclusion, poverty, and inequality in ASEAN. In addition, the study also analyzes the correlation between financial inclusion, poverty, and inequality in ASEAN. The study uses the ARIMA and GMM models for the study period from 2000 to 2022. Projections show that most ASEAN countries have experienced an increase in the long-term financial inclusion index, with Thailand leading the ranking, followed by Malaysia. However, the role of financial inclusion in poverty does not seem to be so significant in the short term, most likely due to the still-difficult access for low-income groups.","PeriodicalId":485386,"journal":{"name":"Jurnal Ekonomi Kuantitatif Terapan","volume":"74 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140273954","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}
{"title":"Measuring the Resilience of Rural Banks Against COVID-19 Pandemic: Evidence from West Java, Indonesia","authors":"Wanda Kharisa Ristyanti","doi":"10.24843/jekt.2024.v17.i01.p09","DOIUrl":"https://doi.org/10.24843/jekt.2024.v17.i01.p09","url":null,"abstract":"The potential disruption of operational activities in rural banks is linked to MSME actors' inability to repay loans amid the COVID-19 pandemic. The quality of credit and financing provided by these banks is vital in ensuring income and interest continuity, thereby impacting profitability. This study aims to analyze the financial performance dynamics and factors influencing rural banks' profitability in West Java, Indonesia, during COVID-19. The research utilized multiple linear regression with REM estimation. Despite the pandemic's challenges, the ROA, CAR, and equity values of the rural banks met minimum standards, though NPL values exceeded maximum limits. The combined factors of CAR, NPL, equity, net income, and the pandemic collectively influence profitability. Specifically, NPL and the pandemic have significant negative effects, while net income positively impacts profitability. To bolster the resilience of rural banks during crises, suggested policy measures include strengthening capital reserves, tightening credit policies, implementing good governance practices, and enhancing operational cost efficiency.","PeriodicalId":485386,"journal":{"name":"Jurnal Ekonomi Kuantitatif Terapan","volume":"17 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140439733","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}
Nayaka Artha Wicesa, A. Setyanti, Silvi Asna Prestianawati
{"title":"Towards Equity Projecting and Converging the Human Development Index in Indonesia","authors":"Nayaka Artha Wicesa, A. Setyanti, Silvi Asna Prestianawati","doi":"10.24843/jekt.2024.v17.i01.p07","DOIUrl":"https://doi.org/10.24843/jekt.2024.v17.i01.p07","url":null,"abstract":"Human development has become an imperative for Indonesia amid the ongoing demographic bonus. However, various challenges persist in the realm of human development in the country, as evidenced by disparitie?s in Human Development Index (HDI) achievements. This research aims to project Indonesia's HDI for the years 2023, 2024, 2035, and the \"Golden Indonesia\" period in 2045 to discern the developmental trajectory of HDI and its disparities. Additionally, it seeks to measure the convergence of Indonesia's HDI to attain equitable development. The results of the trend projection estimations indicate that Indonesia's HDI is projected to be 73.74 in 2023 and 74.28 in 2024, which is anticipated to fall below the target set by the government, aiming for an HDI of 75.54 in 2024. Indonesia's HDI is projected to reach 80.22 in 2035 and 85.62 in 2045, categorizing it as 'Very High,' aligning with the vision for the Golden Indonesia in 2045. Furthermore, conditional convergence analysis results indicate that it would take 75 years for provinces with lower HDI to catch up with those with higher HDI, achieving zero inequality. Based on the estimation results, it is found that Per Capita Spending on Educational Functions is a significant variable influencing HDI convergence. \u0000 \u0000Keywords: Human Development Index, Disparity, Convergence, Projection \u0000JEL Classification: C01, O11, O15","PeriodicalId":485386,"journal":{"name":"Jurnal Ekonomi Kuantitatif Terapan","volume":"5 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140442206","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}
P. Sihombing, Amanda Yosephine Bonowati, Elia Zakchona
{"title":"The Moderating Role of Leverage on Corporate Bonds Yield","authors":"P. Sihombing, Amanda Yosephine Bonowati, Elia Zakchona","doi":"10.24843/jekt.2024.v17.i01.p03","DOIUrl":"https://doi.org/10.24843/jekt.2024.v17.i01.p03","url":null,"abstract":"This study aims to identify the effect of bond credit rating, firm size, profitability, and liquidity on the yield to maturity (YTM) of listed Indonesian corporate bonds, with leverage ratio as a moderating variable. A panel data multi-linear regression with the fixed effect estimator was used to investigate the YTM of 25 listed corporate bonds from 2019 to 2021. The sample data comprise complete financial reports published in the Indonesia Stock Exchange (IDX) market and operations in the non-financial sector to increase the accuracy of information obtained. The results show that profitability proxied to return-on-asset (ROA) and firm size positively affect the YTM, while the liquidity ratio proxied to the current ratio (CR) had a negative influence. As a moderating variable, leverage proxied to the debt-to-equity ratio (DER) positively moderates the effect of CR, DER negatively moderates the effect of ROA and DER cannot moderate the bond’s credit rating to influence the YTM. However, the bond’s credit rating does not affect the YTM. The analysis of corporate bonds is a relatively uncommon study in Indonesia, and significant implicating for policymakers, underscoring the importance of meticulous management of CR and DER, which can decrease the YTM.","PeriodicalId":485386,"journal":{"name":"Jurnal Ekonomi Kuantitatif Terapan","volume":"153 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140445692","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}
{"title":"The Effect Of Visa Exemption Policy On Indonesian Export","authors":"Banga Malewa, Muhhamad Halley Yudhistira","doi":"10.24843/jekt.2024.v17.i01.p01","DOIUrl":"https://doi.org/10.24843/jekt.2024.v17.i01.p01","url":null,"abstract":"This study examines the effect of the visa exemption policy on Indonesia’s exports, by using Staggered Difference in Difference (DID) method and Indonesia's export data to 191 partner countries in 2015 - 2019 period. This study finds that visa exemption policy of Indonesia has effect on its export, but it is not \"one size fits all\". A significant positive effect was generated by visa-exemption received by American region, and a significant negative effect on exports was generated by visa exemption received by Oceania region. American region is one of the priority recipients of visa exemption policy of Indonesia, and provides the most visa exemption to Indonesia after the Asian region. Meanwhile, Oceania is the most restricted region in terms of visa exemption policy both unilaterally or reciprocally with Indonesia. \u0000 \u0000Keywords: Visa Exemption, International Trade, Export, Staggered DID \u0000JEL Codes: F13, F16, F22","PeriodicalId":485386,"journal":{"name":"Jurnal Ekonomi Kuantitatif Terapan","volume":"165 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140448321","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}
{"title":"Analysis of Macroeconomic Variables on the Existence of Inflation in Indonesia Using the Vector Error Correction Model Approach","authors":"A. Afrizal","doi":"10.24843/jekt.2024.v17.i01.p02","DOIUrl":"https://doi.org/10.24843/jekt.2024.v17.i01.p02","url":null,"abstract":"This research investigates the impact of macroeconomic variables, namely money supply, exchange rate, interest rate, and the joint stock index, on inflation in Indonesia. Employing the Vector Error Correction Model (VECM) dynamic model approach, the study reveals a long-term relationship among each variable (Inflation Rate, Jakarta Composite Index, Interest Rate, Exchange Rate, and Money Supply). Granger Causality Test results indicate a unidirectional relationship of interest rate and money supply variables to inflation, interest rate to Jakarta Composite Index, and money supply to the exchange rate. Conversely, there is a bidirectional relationship between exchange rate and inflation variables. In the short term, Interest Rate significantly and positively influences inflation, whereas, in the long term, it exhibits a negative and insignificant effect. Money supply, in the long run, significantly and positively affects the inflation rate. This study stands out in the macroeconomic literature due to its distinctive choice of variables and the dynamic model employed","PeriodicalId":485386,"journal":{"name":"Jurnal Ekonomi Kuantitatif Terapan","volume":"40 11","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140451997","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}
{"title":"THE ROLE OF INSTITUTIONS AND GLOBALIZATION TOWARDS INCLUSIVE AND SUSTAINABLE GREEN DEVELOPMENT (INCLUSIVE GREEN GROWTH)","authors":"Sudarsana Arka","doi":"10.24843/jekt.2024.v17.i01.p10","DOIUrl":"https://doi.org/10.24843/jekt.2024.v17.i01.p10","url":null,"abstract":"The idea of ??a green economy does not replace sustainable development, but creates a new focus on the economy, investment, capital and infrastructure, jobs and skills as well as positive social and environmental outcomes. The green economy is closely related to SDGs No. 13, climate action, but, even further, this concept directs attention to the quality of life with people at the center. This research tries to see the impact of the development of inclusive green growth in several countries on the welfare of their people. Inclusive green growth prioritizes planetary and human health, and considers them interrelated. Prioritization and implementation of green initiatives also helps countries achieve various sustainable development goals. The hypothesis tested is that countries that implement inclusive green growth in their development policies will have a strong correlation with community welfare, governance of government institutions, and economic openness in the context of international trade. The results of data analysis show that inclusive green growth has a positive and insignificant effect on economic openness in various countries. Government institutional governance has a positive and insignificant effect on economic openness in various countries. Inclusive green growth has a positive and significant effect on the welfare of society in various countries. The governance of government institutions has a negative and insignificant effect on the welfare of society in various countries. Economic openness has a positive and significant effect on the welfare of society in various countries. Inclusive green growth does not have an indirect effect on the welfare of society in various countries. The governance of government institutions does not indirectly influence the welfare of society in various countries.","PeriodicalId":485386,"journal":{"name":"Jurnal Ekonomi Kuantitatif Terapan","volume":"40 8","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140487835","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}
{"title":"Analyzing the Influence of Bank Competition on Credit Risk: Perspectives from Indonesia's Dual Banking System","authors":"Adella Febriana, Suhel Suhel, S. Andaiyani","doi":"10.24843/jekt.2024.v17.i01.p04","DOIUrl":"https://doi.org/10.24843/jekt.2024.v17.i01.p04","url":null,"abstract":"This study analyzes the effect of competition banks on credit risk in the dual banking system in Indonesia. This research was conducted using a purposive sampling technique in selecting a sample of 5 conventional commercial banks and 5 Islamic commercial banks. The method used is the Generalized Method of Moments (GMM) from 2011 to 2020. Credit risk for Conventional Banks is measured by the value of Non-Performing Loan (NPL), while Islamic Bank Financing is measured by the value of Non-Performing Financing (NPF). The results of this study indicate that Return on Assets (ROA) for Conventional Banks and Islamic Banks has a significant effect on credit risk in the dual banking system, Loan to Deposit Ratio (LDR) for Conventional Banks does not have a significant effect on Non-Performing Loan (NPL) while Financing to Deposit Ratio (FDR) of Islamic Banks has a significant level 2 influence on Non-Performing Financing (NPF). Bank size does not have a significant influence on credit risk in the dual banking system, and the Lerner Index for Conventional Banks has a significant effect on Non-Performing Loan (NPL), while the Lerner Index for Islamic Banks has no effect on Non-Performing Financing (NPF). The Central Bank in making policies can see that the level of competition for banks in the dual banking system in Indonesia is categorized as a monopolistic competition market, where each bank has its own market segment so that it has market power that is strong enough to set prices that are relatively.","PeriodicalId":485386,"journal":{"name":"Jurnal Ekonomi Kuantitatif Terapan","volume":"13 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140509374","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}