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INDONESIA
INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE
Published by CV. Adiba Aisha Amira
ISSN : -     EISSN : 30260221     DOI : -
Core Subject : Economy,
Economics, Econometrics & Finance
INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE (INJOLE) is a scientific journal that publishes articles in the Business field includes conceptual ideas in the fields of Economics, Accounting, Management, business. The scopes are Human Resource Management, Marketing Management, Financial Management, Production/Operational Management, Strategic Management, Islamic Business Management, Halal Industry Management, Hajj and Umro Management, Zakat and Waqf/ Islamic Philanthropy Management, Tourism Management, Banking Management, Industrial Management, Agribusiness Management, Business Administration.
Arjuna Subject : Ilmu Sosial - Ilmu Sosial (Lain-Lain)
Articles 27 Documents
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Search results for , issue "Vol. 2 No. 1 (2024): January" : 27 Documents clear
BEHAVIORAL ECONOMICS AND ECONOMIC COMMUNICATION: ANALYZING THE IMPACT OF COGNITIVE BIASES ON DECISION-MAKING Kosasih Kosasih; Pandu Lesmana; Loso Judijanto; Myra Cahyati; Iyad Abdallah Al- Shreifeen
INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE Vol. 2 No. 1 (2024): January
Publisher : Adisam Publisher

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Behavioral economics, a dynamic field at the intersection of psychology and economics, recognizes that human decision-making is far from the rational, utility-maximizing model traditionally assumed in economic theory. This study delves into the profound implications of cognitive biases on decision-making and explores how effective economic communication can mitigate their effects. Key findings reveal the prevalence of cognitive biases, including confirmation bias, anchoring, and loss aversion, impacting a majority of decision-makers. These biases significantly affect personal finance, investment, and public policy choices. Effective communication strategies, message framing, and behavioral insights are pivotal in countering these biases and improving decision quality. Armed with an understanding of cognitive biases, economic experts and policymakers can tailor communication and policy design to promote rational choices. The study also identifies challenges and future directions, emphasizing the ongoing need for research and innovative strategies. In conclusion, this research sheds Light on the interplay between cognitive biases, economic communication, and decision-making, offering insights into strategies for enhancing economic well-being and promoting informed choices.
ECONOMIC GOVERNANCE IN INDONESIA'S FREE TRADE EPOCH: NAVIGATING CHALLENGES, IMPLEMENTING STRATEGIES, AND CULTIVATING SUSTAINABLE PROSPERITY Bahrun Thalib; Luckhy Natalia Anastasye Lotte; Eigis Yani Pramularso; Arie Fitria; Loso Judijanto
INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE Vol. 2 No. 1 (2024): January
Publisher : Adisam Publisher

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This study delved into the intricate dynamics of economic governance in Indonesia's free trade epoch, offering a comprehensive analysis of the nation's journey in navigating challenges, implementing strategies, and fostering sustainable prosperity. The historical evolution unfolded as a testament to Indonesia's adaptability, marked by a deliberate reduction in state-owned enterprises and a shift towards a market-oriented approach. Key institutions, including the Central Bank of Indonesia and the Financial Services Authority, emerged as stalwarts, steering the nation through economic challenges with finesse. The literature review synthesized key findings, revealing consistencies and inconsistencies in understanding the impact of free trade agreements. Challenges such as trade deficits and income inequality were scrutinized alongside institutional reforms, such as the Making Indonesia 4.0 roadmap. The review identified gaps, urging further exploration into regional variations and the nuanced intersectionality of economic, social, and environmental factors. Implications for economic governance highlighted the need for targeted policy interventions, inclusive economic policies, and a call for continuous research to refine strategies. Acknowledging limitations, the study concluded with a nuanced understanding of Indonesia's economic landscape, paving the way for informed governance in the nation's ongoing pursuit of sustainable prosperity.
OPTIMIZING WILLINGNESS TO PAY FOR THE PRESERVATION OF SIBOLANGIT NATURE PARK IN NORTH SUMATERA Febri Yoanita Harahap; Delvian Delvian; Isnen Fitri
INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE Vol. 2 No. 1 (2024): January
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Nature Tourism Park (TWA) is a conservation area that is formed and aims to be used as a location for tourism, education, research and cultural preservation. By looking at the completeness of the facilities and the potential of the flora and fauna in Sibolangit TWA, it should have the potential to be visited by more tourists. Moreover, its location is only 38 km from Medan City or one hour by road using a motorized vehicle, the place is on the edge of the Medan - Berastagi crossing road. The decline in visitors over the past 2 years has had an impact on the low income received by TWA Sibolangit, which is also one of the sources of PNBP (Non-Tax State Revenue). This study was conducted to answer several research questions, including: 1) What are the factors that affect WTP in Sibolangit TWA? Logistic regression analysis was used and 2) How much is the WTP value by visitors to Sibolangit TWA? Using CVM and average WTP. The target of the questionnaire is teenage visitors (12-25 years old). From the results of the study it is known that the significance value of each variable is smaller than 5 percent of only three variables, namely the variable gender, level of knowledge, and visitor perceptions of service. And based on the above calculations, the average WTP value of respondents is Rp. 7,875. Rounded up to Rp. 8,000,-
DIGITAL TAXATION INNOVATION IN THE ERA OF ECONOMIC TRANSFORMATION: A COMPREHENSIVE ANALYSIS OF STRATEGIC OPPORTUNITIES AND SYSTEMIC CHALLENGES TO ENHANCE EFFICIENCY AND OPTIMIZE NATIONAL REVENUE Loso Judijanto; Renika Hasibuan; Rahma Helal Al_ Jbour; Dwi Koerniawati; Ignatius Septo Pramesworo
INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE Vol. 2 No. 1 (2024): January
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Amid a transformative economic era, this groundbreaking study comprehensively analyzes digital taxation innovation. Delving into intricacies, it meticulously examines strategic opportunities and systemic challenges, emphasizing the integration of advanced data analytics, international collaboration, and public-private partnerships. Navigating the evolving fiscal landscape, the research enriches our understanding of efficiency enhancement and unveils novel approaches to optimizing national revenue. Beyond traditional boundaries, this exploration provides insights resonating with the dynamic interplay of technology and fiscal frameworks. As the digital era unfolds, the study contributes a nuanced perspective essential for policymakers, tax authorities, and stakeholders seeking a comprehensive grasp of the multifaceted dimensions of digital taxation.
INTEGRATION OF BLOCKCHAIN TECHNOLOGY IN THE FINANCIAL SYSTEM: ASSESSING ITS IMPACT ON EFFICIENCY, SECURITY, AND STABILITY OF FINANCIAL MARKETS Loso Judijanto; Munir Tubagus; Renika Hasibuan; Duta Mustajab; Abdul Rosid
INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE Vol. 2 No. 1 (2024): January
Publisher : Adisam Publisher

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Integrating blockchain technology into the financial system represents a pivotal advancement, initially conceived for Bitcoin but transcending its cryptocurrency origins. This paper comprehensively assesses its impact on financial market efficiency, Security, and stability. Examining historical development and case studies, the study delves into successful implementations, challenges faced, and lessons learned. Security implications are scrutinized, emphasizing blockchain's role in establishing immutable ledgers and protecting against fraud. Stability considerations focus on decentralization, evaluating its contributions to system resilience and transparency. A critical assessment highlights gaps, limitations, and unexplored potentials in current implementations, guiding further research. In conclusion, the paper emphasizes the intricate balance between benefits and challenges, advocating for adaptive regulations, technological refinements, and ongoing public education to integrate blockchain's transformative potential into the financial domain seamlessly.
AUTONOMOUS SYSTEMS IN TOURISM: APPLICATION OF SWARM ROBOTICS TECHNOLOGY FOR OPERATIONAL OPTIMIZATION IN INDONESIAN TOURIST DESTINATIONS Indah Sulistiani; Rafi’i Rafi’i; Syarifuddin Syarifuddin; Cut Ita Erliana; Dahlan Abdullah
INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE Vol. 2 No. 1 (2024): January
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Tourism in Indonesia continues to evolve as a vital sector in the economy, yet faces complex challenges in optimizing operational efficiency at tourist destinations. This research explores the application of autonomous systems and swarm robotics technology as an innovative solution to enhance operational efficiency. Autonomous systems, leveraging artificial intelligence and automation, collaborate with the adaptive principles of swarm robotics to create dynamic solutions for managing long queues, security, and mobility in tourist destinations. Through case studies and testing technology implementation at specific destinations, this research reveals the positive contributions of these systems to visitor experiences and operational efficiency. The implications of these findings extend to Indonesia's broader tourism sector, offering potential improvements in competitiveness and sustainability. The research details the potential development of swarm robotics technology in the future and highlights aspects that warrant further investigation. Thus, the approach of autonomous systems and swarm robotics becomes a practical solution and a strategic foundation for redefining tourism operations in Indonesia.
THE INFLUENCE OF ROLE CONFLICT AND LOCUS OF CONTROL ON EMPLOYEE TURNOVER Taryana Taryana; Granit Agustina; Mochammad Isa Anshori; Rieneke Ryke Kalalo; Joni Kutu’ Kampilong
INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE Vol. 2 No. 1 (2024): January
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Researchers believe that by involving an employee in a conflict within a company, more employees will turn over or leave the company (Sugiyono, 2019). Apart from that, employee self-control is also key so that employees choose to stay or leave/turn over from a company. Therefore, this research aims to analyze the influence of Role Conflict and Locus of Control on Employee Turnover (Jonathan Sarwono, 2016). This research is quantitative research with an explanatory approach. The data used in this research is primary data that researchers distributed online to PT employees. KAI is spread throughout Indonesia, totaling 300 respondents with a minimum criteria of working for one year (Abdurahman, 2016). This data can also be called primary data. The data that was collected was analyzed using the smart PLS 4.0. The research results show that the Role Conflict variable has a positive relationship and a significant influence on the Employee Turnover variable. This is indicated by the statistical results in table 3. The Path Coefficient shows that the T-Statistics results have a positive direction and are above the standard deviation of 1,960, namely 3,019. Apart from that, the P-Values value which indicates whether it is significant or not is below the 0.05 significance level, namely 0.002. This is because the more employees are involved in a conflict in the company, it makes employees uncomfortable and in the end they can choose another company that can make them more comfortable at work.. This means that the more employees involved in conflict in a company, the more employees will leave a company. Apart from that, the Locus of Control variable also has a significant influence but has a negative relationship on Employee Turnover. This is because the T-Statistics value has a negative relationship that is above the standard deviation of 1,960, namely -2,890. The P-Valus value in this study is also below the significance level of 0.05, namely 0.009. This means that the more employees can control themselves within (Locus/Company), the more employees can do their work well and feel comfortable even though there are many conflicts and problems within a company. So the better the locus of control, the fewer employees will turnover from the company.
THE TRIPLE HELIX MODEL: UNIVERSITY-INDUSTRY-GOVERNMENT COLLABORATION AND ITS ROLE IN SMES INNOVATION AND DEVELOPMENT Adih Supriadi; Indra Permana; Dian Rachmawati Afandi; Edy Arisondha; Ani Kusumaningsih
INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE Vol. 2 No. 1 (2024): January
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The Triple Helix Model, fostering collaborative synergy among universities, industries, and government entities, emerges as a fundamental framework for propelling innovation and development within Small and Medium Enterprises (SMEs). This comprehensive literature review meticulously explores the model's historical evolution, delves into its theoretical underpinnings, and examines its practical applications in the unique context of Indonesian SMEs. Dissecting the nuanced roles played by universities, industries, and government entities underscores their collective contribution to shaping a knowledge-based society. A thorough examination of government initiatives, insightful case studies, and the integrative impact of the Triple Helix Model in SME development illuminate the transformative dynamics at play. The discussion extends to encompass methodologies for measuring impact, key performance indicators, and the nuanced influences of regional factors. Anticipated trends and forward-looking recommendations for future research and policy development underscore the model's pivotal role in steering the trajectory of SMEs in Indonesia, establishing them as indispensable contributors to the ever-evolving landscape of innovation and sustainable development.
The FACTORS AFFECTING REGIONAL ORIGINAL INCOME IN WEST NUSA TENGGARA Agus Tri Basuki; Titanika Kharisma
INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE Vol. 2 No. 1 (2024): January
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This research aims to analyze the influence of Gross Regional Domestic Product (GRDP), investment, government expenditure, and population on Regional Original Income (PAD) in West Nusa Tenggara (NTB) case study 2010-2022. The analytical tool used in this research is panel data regression with the Random Effect Model (REM). The research results show that GRDP has a negative and significant effect on Original Regional Income (PAD), investment has a positive and significant effect on Original Regional Income (PAD), government spending is not significant on Original Regional Income (PAD), and population has a positive and significant effect on Income. Regional Original (PAD). Regional governments must encourage investment to increase local original income. Apart from that, the government must also evaluate regional spending which cannot encourage an increase in PAD.
THE INFLUENCE OF WEBSITE QUALITY ON PURCHASE INTENTION WITH BRAND REPUTATION AS A MODERATION VARIABLE Efendi Efendi; Eva Yuniarti Utami; Farida Akbarina; Ilham Ilham; Sri Wanti Belani
INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE Vol. 2 No. 1 (2024): January
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Researchers believe that the Website Quality variable can have a positive relationship and a positive influence on purchasing decisions because buyers can find out detailed information on the website, can bind buyers, and so on (Jonathan Sarwono, 2016). Apart from that, researchers believe that a brand's reputation can strengthen the relationship between website quality and purchasing decisions(Azhari, 2015). This research is quantitative research with an explanatory approach, namely research that uses previous research as a stepping stone to find new variations in future research(Sugiyono, 2019). The data in this research was obtained from distributing digital questionnaires to Tiktok shop consumers after being allowed to return with the criteria of at least one shopping trip, if not more than once, then they cannot be called consumers(Abdurahman, 2016). This data is also called pyramid data. The data in this study were analyzed using PLS 4.0. The result this research show the Website Quality variable has a positive relationship and has a significant influence on The reversal decision was due to being positive and the P-Values were below the 0.05 significance level, namely 0.002.In addition, the researcher's belief and subsequent experiments can be proven because the Brnad Reputation variable can moderate the relationship between the two variables above, indicated by the P-Values which are positive and are below the 0.05 significance level, namely 0.000, which is more significant than the direct test of 0.002. This means that with a quality website high and accompanied by a good brand reputation can further strengthen consumers in deciding to purchase a product being offered.

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