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International Tourism Demand in Indonesia: Gravity Model Approach Nahar, Faiza Husnayeni; Adha, Mufti Alam; Azizurrohman, Muhammad; Ulfi, Izzani; Karimah, Husna
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 12, No 2 (2019): September 2019
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v12i2.19440

Abstract

Tourism is considered as big industry which growing up faster compare to other industry in this recent year. It is reported that Indonesia received approximately 11.5 million of international tourists in 2016. Because the tourism shows significant trend in Indonesia and getting strong position in the third rank as the foreign revenue for this country, the government willing to boost up the factors that might contribute more on attracting international tourist. This study tried to analyse the determinant factors of international tourist in Indonesia by using Random Effect Model. The variables are GDPs origin and destination country, exchange rate of origin country, free visa impact and length of distance in Indonesia during the period of 2006 to 2016. The study found that all variables are statistically significant. GDPs origin and destination country and country with visa-free entry have positive effect to the number of international tourist arrival while the rest which is exchange rate of origin country and length of distance have negative effect to the international tourists. Hence, the government needs to promote aggressively to the international tourist by conducting important events, increasing the number of countries that receive Indonesia free visa and maintain the GDP in both origin and destination country.
MACROECONOMIC ANALYSIS AND FINANCIAL RATIOS ON SHARIA COMMERCIAL BANK PROFITABILITY: A CASE STUDY OF INDONESIA Nahar, Faiza Husnayeni; Faza, Calvin; Azizurrohman, Muhammad
Ihtifaz: Journal of Islamic Economics, Finance, and Banking Vol 3, No 1 (2020)
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1964.427 KB) | DOI: 10.12928/ijiefb.v3i1.1721

Abstract

Having experienced significant growth, sharia commercial bank in Indonesia has become one of the drivers of economic growth in Indonesia. This study aims to analyze the effect of macroeconomic and financial ratios on the profitability of Islamic commercial banks in Indonesia. This study used qualitative data using secondary data during the period 2011-2018. The methodology used is panel data which combines time series data and cross section data. Variables used include Non Performing Finance (NPF), Capital Adequacy Ratio (CAR), Financing to Deposit Ratio (FDR), Operational Efficiency Ratio (OER), Inflation, Domestic Product Growth (GDP), and Exchange Rates. The results of this study indicate that Non-Performing Finance (NPF), Capital Adequacy Ratio (CAR), Financing to Deposit Ratio (FDR), Operational Efficiency Ratio (OER) have a significant influence on Islamic Bank Return On Assets (ROA) in Indonesia. Meanwhile, Growth Domestic Product (GDP), and Exchange Rate appear with no significant effect on the Return on Assets (ROA) of Sharia Commercial Banks in Indonesia.
Measuring Inflow of Remittances in Six ASEAN Countries Using Macroeconomic Variables: Panel Data Analysis Jintan, Andam Rani; Nahar, Faiza Husnayeni; Azizurrohman, Muhammad
Journal of Economics Research and Social Sciences Vol 4, No 2 (2020)
Publisher : Program Studi Ekonomi FEB UMY

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jerss.v4i2.10102

Abstract

Tempted by the economic potential offered by other countries makes people flocked to get the opportunity to improve their economy. Evidenced by the large number of international migrants throughout the world, this figure is in line with the high total remittance flow that leads to their country of origin. Countries in ASEAN become remittance recipients with quite high growth each year, so it is interesting to study further. Using panel data from six countries in ASEAN in 2000-2016, per capita Gross Domestic Product (GDP), domestic inflation, exchange rates, age dependency ratios and financial development are included as variables that affect remittances. The analytical method used is panel data with Fixed Effect Model (FEM). The results of the panel data found that the independent variables, including GDP per capita, domestic inflation, exchange rates, age dependency ratios and financial developments had a positive and significant effect on remittance flows in ASEAN in the period of 2000-2016
THE IMPACT OF TRADE LIBERALIZATION ON POVERTY REDUCTION IN INDONESIA Adha, Mufti Alam; Nahar, Faiza Husnayeni; Azizurrohman, Muhammad
Jurnal Ekonomi & Studi Pembangunan JESP Volume 19 Nomor 2, Oktober 2018
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.19.2.5009

Abstract

Nowadays, trade liberalization is considered as development strategy policy to increase economic growth and reduce poverty in many countries, particularly in developing countries. It is reported that Indonesia has been actively joining many trade agreements in order to ease the distribution of goods and services to other countries. Hence, this study analyses the impact of trade liberalization on poverty reduction by using an Ordinary Least Square (OLS) method from 1984 to 2017. The Trade Openness Ratio (TOR) is used as a dependent variable in order to measure trade liberalization. Other variables such as GDP, exchange rate and labor force are considered as control variables. The empirical result shows that TOR and labor force have a positive impact on poverty, whereas GDP and exchange rate have a negative impact. This finding is different with previous researches, particularly where trade liberalization has been negatively affecting poverty. Such a result is justifiable because Indonesian firms are not ready to compete with foreign firms where high competitiveness exist. 
The Role of Foreign Tourists in Economic Growth: Evidence from Indonesia Azizurrohman, Muhammad; Hartarto, Romi Bhakti; Lin, Yih-Ming; Nahar, Faiza Husnayeni
Jurnal Ekonomi & Studi Pembangunan Vol 22, No 2: October 2021
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v22i2.11591

Abstract

Foreign tourism is indicated as one of the important instruments to encourage economic growth in several countries, including Indonesia. However, some studies only focus on the influence of tourist arrivals. Thus, the main objective of this study is to take a deeper look at the contribution of foreign tourism indicators to economic growth in Indonesia. Using panel data analysis from 33 countries between 2006 and 2016, this study applies three models: Pooled Least Square (PLS), Fixed Effect Model (FEM), and Random Effect Model (FEM). Based on the fixed-effect model, this study reveals that foreign tourist arrivals have a significant and positive effect on economic growth. However, other tourism indicators such as length of stay and expenditure of foreign tourists appear to have no contribution to economic growth. From these findings, it can be implied that the Indonesian government should not only attract more tourists to come but also design strategies to encourage tourists to spend more money and stay longer. This study also finds that depreciation of Indonesian currency and visa-free policies have a significant contribution to higher economic growth.
Measuring Inflow of Remittances in Six ASEAN Countries Using Macroeconomic Variables: Panel Data Analysis Jintan, Andam Rani; Nahar, Faiza Husnayeni; Azizurrohman, Muhammad
Journal of Economics Research and Social Sciences Vol 4, No 2: August 2020
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jerss.v4i2.10102

Abstract

Tempted by the economic potential offered by other countries makes people flocked to get the opportunity to improve their economy. Evidenced by the large number of international migrants throughout the world, this figure is in line with the high total remittance flow that leads to their country of origin. Countries in ASEAN become remittance recipients with quite high growth each year, so it is interesting to study further. Using panel data from six countries in ASEAN in 2000-2016, per capita Gross Domestic Product (GDP), domestic inflation, exchange rates, age dependency ratios and financial development are included as variables that affect remittances. The analytical method used is panel data with Fixed Effect Model (FEM). The results of the panel data found that the independent variables, including GDP per capita, domestic inflation, exchange rates, age dependency ratios and financial developments had a positive and significant effect on remittance flows in ASEAN in the period of 2000-2016
TRADE AND ENVIRONMENT IN INDONESIA: CASE STUDY OF ASEAN-CHINA FREE TRADE AGREEMENT Azizurrohman, Muhammad; Hartarto, Romi Bhakti
Jurnal Ekonomi & Studi Pembangunan Vol 20, No 1: April 2019
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.20.1.5010

Abstract

In recent decades, the debate about the impacts of economic globalization through free trade has become attention to public policy. One important issue to address is related to environ­mental quality. It has been fifteen years since ASEAN-China Free Trade Agreement (ACFTA) was firstly signed and the total trade flows between ASEAN countries and China have grown around US$ 20 billion per year. Under the ACFTA commitment, tariff rates for exports from China to ASEAN countries have been reduced gradually and so have the tariff rates of ASEAN exports to China. This paper attempts to investigate whether expanded trade causes environmental damage in Indonesia. As the main largest economy in ASEAN, Indonesia has greatly contributed to the pollution released in ASEAN area. Using industrial pollution projection system developed by World Bank in 1995, it has been found that the estimated amounts of pollution have been in­creasing by approximately five times in Indonesia after fifteen years of ACFTA implementation. Even though the share of export of most polluting sectors has been decreasing, its contribution on the pollution intensity remains the largest. Since chemicals become the most polluting sector with its rapid growing in export to China, this sector needs to be considered in trade negotiations in order to lessen negative impacts of trade to the environment.
Manfaat Program Melawan Rentenir Berbasis Masjid (Mawar Emas) terhadap Jama’ah Masjid Jamiatul Khair, Lombok Timur Supiandi Supiandi; Muhammad Azizurrohman; Putrawan Habibi; Mashun Mashun
Jurnal Ilmiah Mandala Education (JIME) Vol 8, No 2 (2022): Jurnal Ilmiah Mandala Education (JIME)
Publisher : Lembaga Penelitian dan Pendidikan Mandala

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36312/jime.v8i2.3202

Abstract

Dalam mengurangi ketergantungan terhadap rentenir serta meningkatkan peran masjid untuk kemaslahatan umat, program Melawan Rentenir Berbasis Masjid (Mawar Emas) diluncurkan. Penelitian ini bertujuan untuk menilai manfaat yang telah dirasakan oleh penerima program Mawar Emas di Masjid Jamiatul Khair, Lombok Timur. Dengan menggunakan analisis kualitatif berdasarkan wawancara, observasi, dan dokumentasi, penulis menemukan bahwa program Mawar Emas setidaknya membantu penerima dana dalam beberapa hal. Pertama, bantuan berupa pendanaan diberikan untuk mengurangi ketergantungan terhadap rentenir. Kedua, pelatihan, dan pendampingan diberikan guna membantu penerima dana dalam mengembangkan usaha yang mereka jalankan. Pelatihan yang diberikan kepada penerima dana berdampak pada manajemen bisnis yang lebih baik sehingga berpengaruh terhadap peningkatan keuntungan. Program Mawar Emas pada Masjid Jamiatul Khair berjalan tanpa ada kendala seperti pembayaran macet atau kegagalan dalam bisnis.
An Effort to Increase the Role of Halal Tourism: West Nusa Tenggara Islamic Center Uwi Murtayadi; Muhammad Azizurrohman; Supiandi Supiandi
Journal of Economics Research and Social Sciences Vol 6, No 1: February 2022
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jerss.v6i1.13651

Abstract

Recently, religious tourism has attracted the attention of various parties because of the high interest of Muslim tourists. West Nusa Tenggara (NTB) is one of the provinces that carry religious or halal tourism. It was proven by attaining the halal tourism destination award by the West Nusa Tenggara Islamic Center in 2015. However, the West Nusa Tenggara Islamic Center still lacks development and literacy, especially tourism. Therefore, the motivation of this research is to find alternative strategies that might be used for the development process and increase literacy. By interviewing four respondents, the authors uncovered alternative strategies using SWOT analysis. The five strategies might be beneficial: collaborating with stakeholders, creating new attractions, marketing destinations, improving service quality, and strengthening the destination concept.
THE EFFECT OF INFORMATION AND COMMUNICATION TECHNOLOGY (ICT) ON INDONESIAN BILATERAL TRADE WITH ASEAN COUNTRIES Dyah Titis Kusuma Wardani; Muhammad Azizurrohman; Aliza Hari Tanthowy
Buletin Ilmiah Litbang Perdagangan Vol 13 No 2 (2019):
Publisher : Trade Analysis and Development Agency, Ministry of Trade of Republic of Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1380.112 KB) | DOI: 10.30908/bilp.v13i2.421

Abstract

Abstrak Teknologi Informasi dan Komunikasi (TIK) dan perdagangan memiliki keterkaitan untuk mendukung pencapaian efisiensi pasar melalui pengurangan biaya, peningkatan promosi dan penciptaan kerangka distribusi. Penelitian ini bertujuan untuk menganalisis dampak pengembangan TIK pada perdagangan bilateral antara Indonesia dan mitra dagangnya di negara-negara ASEAN. Penelitian ini menggunakan kerangka Model Gravitasi dengan data panel periode 2010-2017, dengan estimasi model random effect. Sampel yang digunakan adalah sembilan negara anggota ASEAN yang merupakan mitra dagang Indonesia. Hasil kajian menunjukkan bahwa, TIK memiliki dampak yang positif dan signifikan terhadap volume ekspor Indonesia ke negara-negara ASEAN. Variabel lain seperti PDB riil Indonesia and mitra dagang ASEAN serta populasi mitra dagang juga berpengaruh positif dan signifikan. Sementara jarak dan nilai tukar riil memiliki pengaruh negatif dan signifikan terhadap ekspor Indonesia ke ASEAN. Berdasarkan hasil penelitian ini, beberapa implikasi kebijakan antara lain, Indonesia dapat mengembangkan kemitraan perdagangan strategis dengan negara-negara yang memiliki ukuran ekonomi besar dan telah mencapai pengembangan TIK yang tinggi seperti Singapura dan Malaysia, sehingga dapat meningkatkan volume perdagangan ke ASEAN terutama untuk produk-produk berbasis TIK. Kata Kunci: Teknologi Informasi dan Komunikasi; Perdagangan Bilateral; Indeks Pengembangan TIK (IPTIK); Model Gravitasi Abstract Information and Communication Technology (ICT) and trade have a relationship to support the achievement of market efficiency through cost reduction, increase promotion and distribution framework creation. This study aims to analyze the impacts of ICT Development on bilateral trade between Indonesia and its trading partners in the ASEAN countries. Using an extended panel gravity model framework and panel data models for the period 2010–2017 employing a random effect model estimator. The sample includes nine ASEAN member countries as Indonesia’s trading partners. Results indicate that ICT Development has positive and significant impacts on Indonesian export volume toward ASEAN countries. Other variables such as Indonesian RGDP, partners’ RGDP and population have a positive and significant effect on Indonesia export to ASEAN. Meanwhile, distance and real exchange rates have a negative and significant effect on Indonesian export. Based on estimation results, some policy implications can be derived. For instance, Indonesia may develop strategic trading partnerships with countries that have a large economic size and have achieved high levels of ICT development such as Singapore and Malaysia, in order to increase Indonesian trade volume to ASEAN countries, especially on ICT based products. Keywords: Information and Communication Technology; Bilateral Trade; ICT Development Index (IDI); Gravity Model JEL Classification: O33; F10; C43; C29