Fazri, Muhammad
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HUBUNGAN ANTARA KORUPSI DENGAN PERKEMBANGAN PASAR SAHAM DAN PERBANKAN: KAJIAN EMPIRIS PADA SEMBILAN NEGARA DIKAWASAN ASEAN+3 Fazri, Muhammad; Siregar, Hermanto; Hasanah, Heni
Jurnal Ekonomi Pembangunan Vol 15, No 1 (2017): JURNAL EKONOMI PEMBANGUNAN
Publisher : Pusat Pengkajian Ekonomi dan Kebijakan Publik

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (416.214 KB) | DOI: 10.22219/jep.v15i1.4643

Abstract

Banking and stock market are two financial institutions which play an important role in the economic development process. Many studies suggest that the development of banking and stock market are able to increase the economic growth. There are factors which influence the development of these two financial institutions, for example macroeconomic stability and institutional influences such as corruption. This study aims to analyze how corruption affects the development of banking and stock market and also tries to identify the role of development of banking to reduce corruption. This study uses panel data for nine countries of ASEAN +3 region, during 2003-2012. The result shows that corruption hinders the development of banking and stock market. In addition, banking development will reduce corruption.
Does Village Fund Have an Impact Toward Economic Growth? Fazri, Muhammad; Alwi Paluseri, A. Risdawati; Oktarina, Adelia; Imron, Dian Karinawati; Nababan, Febrina Elia; Pertiwi, Cita; Roidatua, Marthella Rivera; Aryani, Yulya
Economics Development Analysis Journal Vol 11 No 4 (2022): Economics Development Analysis Journal
Publisher : Economics Development Department, Universitas Negeri Semarang, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/edaj.v11i4.60240

Abstract

Indonesia Village Fund policy aims to foster local democracy and rural development through direct funds allocation. During the last seven years (2015-2022), the government has provided Village Fund 400,1 trillion rupiahs (278,3 billion dollars) and continues to increase every year. Numerous studies discover the Village Fund impact on economic conditions but are limited to village scale. This study intends to analyze the impact of the Village Fund on a macro scale, point on the economic growth of a region, specifically on disadvantaged regions. The study conducted through quantitative methods used the panel data approach. The data covers 416 districts from 2015 to 2019. The result shows that the Village Fund has a significant effect, but the value of the effect on GDPR (Gross Domestic Product of Region) is lower than other variables. The effect of Village Fund in disadvantaged regions is greater than in non-disadvantaged regions, which indicates growth acceleration in disadvantaged regions.