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All Journal JEJAK Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan The Indonesian Journal of Planning and Development Jurnal Ekonomi dan Studi Pembangunan (Journal of Economics and Development Studies) Quantitative Economics Research Jurnal Ilmiah Manajemen Kesatuan
Mangasa Augustinus Sipahutar, Mangasa Augustinus
Faculty of Economics and Management, Bogor Agricultural University (IPB), Bogor
Earth & Planetary Sciences Economics, Econometrics & Finance Environmental Science Social Sciences

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Effects of Credit on Economic Growth, Unemployment and Poverty Sipahutar, Mangasa Augustinus
Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 17, No 1 (2016): JEP June 2016
Publisher : Universitas Muhammdaiyah Surakarta

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Abstract

Abstract             Effect of credit on economic growth, unemployment and poverty provides evidence from Indonesia on the role of banks credit for promoting economic growth and reducing both unemployment and poverty.  To document the link between banks credit and economic growth, we estimate a VAR model and variance decompositions of annual GDP per capita growth rates to examine what proxy measures of banks credit are most important in accounting for economic growth over time and how much they contribute to explaining economic growth.  We also estimate an ECM to document the relationship between banks credit to both unemployment and poverty. This paper revealed bi-direction causality between banks credit and economic growth.  Banks credit promotes economic growth and economic growth affects credit depth and financial development.  Furthermore, banks credit is a growth accelerating factor on Indonesian economic growth.  Banks credit is an endogenous growth and a good predictor on Indonesian economy.Our estimation model explained that credit allocated by banks increases business escalation to the real sectors then promotes economic growth, decreases unemployment rate through increasing in labor demanded, increases income and then decrease poverty.  This overall transmission mechanism just occurred through presence of banks credit by increasing money supply to the real sectors, promotes growth and social welfare. Keywords :  banks credit, economic growth, growth accelerating factor, poverty, unemployment JEL Classification : E51, E52, E58
Linkage of Credit on BI Rate, Funds Rate, Inflation and Government Spending on Capital Sipahutar, Mangasa Augustinus; Oktaviani, Rina; Siregar, Hermanto; Juanda, Bambang
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 10, No 1 (2017): March 2017
Publisher : Semarang State University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v10i1.9123

Abstract

Linkage of credit on BI rate, funds rate, inflation, and government spending on capital provides evidence from Indonesia.  This paper found advance explanation about banks credit as monetary transmission channel and its role on Indonesian economy.  We used credit depth as a ratio of banks credit to GDP nominal, to explain the role of credit in Indonesian economy.  We developed a VAR model to measure the response of credit to BI rate, funds rate and inflation rate, and OLS method to find out how banks credit response to government spending on capital. This paper revealed bi-direction causality between credit and BI rate, credit and funds rate, and credit and inflation.  There is trade-off between credit and BI rate, credit and funds rate, and credit and inflation, but government spending on capital promotes credit depth.  We found that Indonesian banking is bank view, allocated their credit based on their performance, not merely on the monetary policy determined by central bank.  For bank view perspectives, we analyzed the link between LDR as an indicator of credit channel mechanism to NPLs and CAR.  We found that there is no significant effect of CAR to LDR, but has a strong negatively relationship between NPLs to LDR.  This evidence indicates that commercial banks in Indonesia allocated their credit do not related to their capital but merely to the quality of their credit portfolio.
Effects of Credit on Economic Growth, Unemployment and Poverty Sipahutar, Mangasa Augustinus
Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 17, No 1 (2016): JEP June 2016
Publisher : Universitas Muhammdaiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jep.v17i1.1651

Abstract

Abstract             Effect of credit on economic growth, unemployment and poverty provides evidence from Indonesia on the role of banks credit for promoting economic growth and reducing both unemployment and poverty.  To document the link between banks credit and economic growth, we estimate a VAR model and variance decompositions of annual GDP per capita growth rates to examine what proxy measures of banks credit are most important in accounting for economic growth over time and how much they contribute to explaining economic growth.  We also estimate an ECM to document the relationship between banks credit to both unemployment and poverty. This paper revealed bi-direction causality between banks credit and economic growth.  Banks credit promotes economic growth and economic growth affects credit depth and financial development.  Furthermore, banks credit is a growth accelerating factor on Indonesian economic growth.  Banks credit is an endogenous growth and a good predictor on Indonesian economy.Our estimation model explained that credit allocated by banks increases business escalation to the real sectors then promotes economic growth, decreases unemployment rate through increasing in labor demanded, increases income and then decrease poverty.  This overall transmission mechanism just occurred through presence of banks credit by increasing money supply to the real sectors, promotes growth and social welfare. Keywords :  banks credit, economic growth, growth accelerating factor, poverty, unemployment JEL Classification : E51, E52, E58
Monetary Transmission through Rural Banks on Economic Development Sipahutar, Mangasa Augustinus; Surya, Tarida Marlyn
Jurnal Ekonomi dan Studi Pembangunan Article in Press 2018
Publisher : Universitas Negeri Malang

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Abstract

ABSTRACTRural Banks (BPRs) is the transmission channel of monetary policy to the real sectors of the economy, especially on the scale of Micro, Small and Medium Enterprises (MSMEs). Although commercial banks also allocate credits to the MSMEs sector, however, the presence of BPRs that specifically perform banking activities in the MSMEs sector can be a benchmark for measuring the viability of monetary transmission into the MSMEs sector.  This study aims to measure the role of BPRs in monetary transmission to MSMEs sector, especially in Municipality and District of Bogor that geographically bordering directly. Determination of these two areas is intended to understand the credit depth of BPRs in relation to regional economic growth and the results are expected to avoid economic disparity in both regions. This study used VECM model to measure the causality between credit depth and economic growth, and OLS to measure the relationship between poverty to unemployment and credit depth. The VECM model showed uncertainty of Grangers causality between credit depth and economic growth. This explains that it takes a higher credit depth of BPRs to promote economic growth. For Municipality of Bogor, changed of credit depth by 1 basis point can reduce poverty by 3.51 basis points, and changed in unemployment by 1 basis point will change poverty in the same direction by 0.09 basis points. Meanwhile, in District of Bogor, changed of credit depth by 1 basis point can reduce poverty by 6.95 basis points, and changed in unemployment by 1 basis point will change poverty in the same direction by 0.26 basis points.Keywords: monetary transmission, MSMEs, poverty, rural banks, unemploymentJEL Classification: E50; G21; R58
Linkage of Credit on BI Rate, Funds Rate, Inflation and Government Spending on Capital Sipahutar, Mangasa Augustinus; Oktaviani, Rina; Siregar, Hermanto; Juanda, Bambang
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 10, No 1 (2017): March 2017
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v10i1.9123

Abstract

Linkage of credit on BI rate, funds rate, inflation, and government spending on capital provides evidence from Indonesia.  This paper found advance explanation about banks credit as monetary transmission channel and its role on Indonesian economy.  We used credit depth as a ratio of banks credit to GDP nominal, to explain the role of credit in Indonesian economy.  We developed a VAR model to measure the response of credit to BI rate, funds rate and inflation rate, and OLS method to find out how banks credit response to government spending on capital. This paper revealed bi-direction causality between credit and BI rate, credit and funds rate, and credit and inflation.  There is trade-off between credit and BI rate, credit and funds rate, and credit and inflation, but government spending on capital promotes credit depth.  We found that Indonesian banking is bank view, allocated their credit based on their performance, not merely on the monetary policy determined by central bank.  For bank view perspectives, we analyzed the link between LDR as an indicator of credit channel mechanism to NPLs and CAR.  We found that there is no significant effect of CAR to LDR, but has a strong negatively relationship between NPLs to LDR.  This evidence indicates that commercial banks in Indonesia allocated their credit do not related to their capital but merely to the quality of their credit portfolio.
Economic Convergence across the Toba Lake Region Sipahutar, Mangasa Augustinus
Quantitative Economics Research Articles in Press 2019
Publisher : Universitas Negeri Malang

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Abstract

AbstractBased on the economic sectors, seven districts across the Toba Lake Region (TLR) has similar patterns in economic development ? agriculture, trade and construction are dominant economic sectors, however, there is an unconvergence economic growth across the TLR. It was found that the relationship between economic growth and unemployment in Toba and Dairi, and between economic growth and poverty in Toba, Dairi and Humbang can not be explained due to insignificant coefficient between economic growth to unemployment and poverty. Economic growth is not strong enough to reduce unemployment and poverty. It needs higher economic growth to influence of reducing both unemployment and poverty. In this case, dominant economic sectors in each district need a serious attention to promote higher growth that could significantly reduce unemployment and poverty. The highest strength of economic growth in reducing unemployment occurred in Simalungun which increasing economic growth by 1 per cent could reduce unemployment by 3,021 per cent, where in North Tapanuli, increase in economic growth by 1 per cent could reduce poverty by 4,534 per cent. Thus, the integration policies through prioritization of economic key drivers based on absolute advantage of each economic sector across the TLR is needed.Key words: economic convergence, economic growth, unemployment, povertyJEL Classification: O11; O21
Determination of Monetary Transmission through the Types of Credit on Economic Growth Sipahutar, Mangasa Augustinus
Quantitative Economics Research Vol 1, No 1 (2018)
Publisher : Universitas Negeri Malang

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Abstract

Banks credit by usage (working capital, investment and consumer credit) and by economic sectors (agricultural, mining, industrial, trade and services) on Indonesian economic growth explainedthe role of banks credit as a monetary transmission channel. Banks credit for investment, agricultural, industrial, trade and services, have a significant effect on economic growth. Thus, as a growth accelerating factor, investment credit aimed to financing agricultural, industrial, trade and services areable to promote qualified growth of Indonesian economy as well as reducing unemployment rate. This study uses bankscredit data by usage, economic sectors, economic growth and unemployment rate in the period of 1991-2014. Model estimation on the relationship between banks credit by usage on economic growth and unemployment using ECM (Error Correction Mechanism) model, while the relationship between banks credit by economic sectors oneconomic growth using in?difference regressionon OLS (Ordinary Least Square) model.Credit depth as the ratio between banks credit and economic growth is only appropriate for the analysis of banks credit relationship usage on economic growth, while by economic sectors, their role depend on the magnitude of credit portfolio to total banks credit.Keywords: credit by economic sectors; credit by usage; economic growthJEL Codes: E6, O2, O4
Credit Depth on Indonesian Regional Economic Development Sipahutar, Mangasa Augustinus
Quantitative Economics Research Vol 1, No 2 (2018)
Publisher : Universitas Negeri Malang

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Abstract

From regional perspective, the role of banks credit is important to encourage the economic real sectors. Local government spending aimed to enhancing regional economic growth, if supported by adequate banks credit will encourage regional economic growth. Using VAR model revealed that provinces showed different responses to the causality between credit depth and regional economic growth. Panel data analysis revealed, there is a positive relationship between regional credit depth and real regional economic growth percapita, and 68 percent of real regional economic growth percapita can be explained by credit depth. Increasing credit depth by 1 basis point will increase regional economic growth by 0.03 basis points. Furthermore, increasing credit depth by 1 basis point in t-1, will reduce regional poverty by 0.16 basis points in period t. The model showed that 23 percent of the variance of poverty can be explained by credit depth in the previous year. Keywords: credit depth, economic growth, regional economic developmentJEL Classification: E61; G28; O23
Analisis Kinerja Kebijakan Manajemen Keuangan Perusahaan Jangka Pendek Mara, Tuah Ranjas; Sipahutar, Mangasa Augustinus
Jurnal Ilmiah Manajemen Kesatuan Vol 8 No 3 (2020): JIMKES Edisi Desember 2020
Publisher : LPPM Institut Bisnis dan Informatika Kesatuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37641/jimkes.v8i3.399

Abstract

Penelitian ini dilakukan dengan menggunakan laporan keuangan perusahaan selama lima tahun yaitu periode 2014-2018 dari perusahaan yang bergerak di bidang sektor migas. Metode analisis yang digunakan adalah analisis resiko rasio keuangan. Dengan menggunakan analisis rasio keuangan,maka dapat diketahui bahwa kinerja keuangan perusahaan yang termasuk sebagai faktor fundamental menjadi salah satu determinan yang mempengaruhi kinerja saham perusahaan. Faktor lain yang tidak kalah pentingnya adalah faktor sentiment investor,dan kondisi likuiditas pasar. faktor sentimen dan kondisi likuiditas lebih banyak dipengaruhi oleh faktor-faktor makro baik domestik,regional maupun global yang sedang berkembang pada periode tertentu. Maka diperoleh kesimpulan bahwa kebijakan manajemen keuangan perusahaan yang terkena dampak faktor-faktor makro tersebut mengahadapi risiko dengan pencapaian kinerja yang fluktuatif dan bahkan mengalami kecendrungan menurun. Menurunnya level kinerja keuangan perusahaan tersebut mengakibatkanpada menurunnya kinerja saham emiten. Pada analisis industri ditemukan permasalahan yang memaksa manajemen untuk melakukan strategi tertentu baik di dalam memanfaatkan kesempatan yang tersedia dengan menggunakan kekuatan perusahaan yang ada,maupun strategi untuk mengurangi dampak negative dari potensi ancaman secara eksternal. Dengan upaya perbaikan kinerja keuangan seperti terlihat pada rekomendasi yang kami ajukan diharapkan harga saham emiten akan mengalami peningkatan dari harga sekarang. Upaya perusahaan untuk meningkatkan produktivitas dan efisiensi agar memiliki daya tahan dan daya saing supaya dilaksanakan sehingga pemanfaatan semua sumber daya perusahaan mencapai titik optimal, seiring dengan itu kinerja saham diharapkan meningkat sehingga tujuan manajamen keuangan maksimalisasi kekayaan pemilik perusahaan bisa terwujud. Kata Kunci : Produktivitas, Efisiensi, Daya Tahan, Daya Saing, Kinerja Saham
Pengaruh Loan To Deposit Ratio Dan Tingkat Suku Bunga Kredit Terhadap Return On Asset Wulandari, Dini; Sipahutar, Mangasa Augustinus
Jurnal Ilmiah Manajemen Kesatuan Vol 9 No 1 (2021): JIMKES Edisi April 2021
Publisher : LPPM Institut Bisnis dan Informatika Kesatuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37641/jimkes.v9i1.493

Abstract

Bank is a financial institution that serves as a financial intermediary, which means collecting funds from the public and channel them back to the community in the form of loans. This research Using data from published financial statements and published from Indonesian banks in the period 2015-2019. Using data from Quarterly. The analysis technique used in this research is multiple linear regression analysis to determine how much the relationship between one variable to another variable. In addition, the test results can be concluded by the multivariate coefficient that LDR has a positive effect and no significant effect on ROA, while lending rates have a significant negative effect on ROA. Keywords: Return On Assets (ROA), Loan to deposit Ratio (LDR), Credit interest rate level
Co-Authors Bambang Juanda Dini Wulandari Hermanto Siregar Mara, Tuah Ranjas Nasution, Amelira Haris Rina Oktaviani Surya, Tarida Marlyn