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INDONESIA
Signifikan : Jurnal Ilmu Ekonomi
ISSN : 20872046     EISSN : 24769223     DOI : 10.1016
Core Subject : Economy,
Arjuna Subject : -
Articles 13 Documents
Search results for , issue "Vol 8, No 1 (2019)" : 13 Documents clear
The Asymmetric Effect of Sukuk on Government Budget: Dealing with Deficit in Malaysia Seyf Eddine Benbekhti; Hadjer Boulila; Fethi Benladghem; Mohamed Benbouziane
Signifikan: Jurnal Ilmu Ekonomi Vol 8, No 1 (2019)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (922.456 KB) | DOI: 10.15408/sjie.v8i1.8068

Abstract

Islamic economists sought to find transactions that fit and conform to the principles of Islamic religion, where Islamic bonds were one of the most critical products compatible with Islam. This study aims to shed light on the impact of Sukuk as one of the alternatives available for funding expenditures and deficit in Malaysia. This research using a non-linear autoregressive distributed lag model (NARDL) during the period 1990-2016. After identifying the asymmetric effect and the dynamic multiplier of Sukuk on government budget balance during the fluctuations of the exchange rate of the Ringgit, we have found that Islamic bonds are a very useful tool in financing deficit making Malaysia a pioneering experience in the field of Islamic engineering
Full Issue Volume 8(1), 2019 Jurnal Signifikan
Signifikan: Jurnal Ilmu Ekonomi Vol 8, No 1 (2019)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Full Issue Vol. 8(1), 2019
The Impact of El Nino on Inflation in Regional Indonesia: Spatial Panel Approach Fahmi Salam Ahmad; Hermanto Siregar; Syamsul Hidayat Pasaribu
Signifikan: Jurnal Ilmu Ekonomi Vol 8, No 1 (2019)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1474.118 KB) | DOI: 10.15408/sjie.v8i1.7130

Abstract

The study about the relationship between climate and economy is essential because it’s understanding is the key to formulate the effective economic policy. El Nino is one of the climate phenomena's that directly impact Indonesia, so it is necessary to analyze its effect on the macroeconomic condition such as inflation. This study aims to analyze the impact of El Nino as an external factor and the impact of another relevant economic factor on the macroeconomic condition such as inflation at the regional level (province) in Indonesia. The method used is a spatial panel method to capture the effect of inter-regional spatial interactions. The results show that El Nino has a positive effect on inflation in the southern Indonesian provinces that are affected by El Nino, but no effect in northern Indonesia. The other significant determinants of regional inflation are minimum wage, local revenue, local government spending, and infrastructure. There is significant spatial dependence on regional inflation in Indonesia, indicating that the inflations of its neighboring provinces influence the inflation of a province.
Nexus of Foreign Direct Investment, Domestic Investment, and Manufacturing Industry Value Added in Indonesia Horas Djulius; Choi Wongyu; J. Juanim; Raeni Dwi Santy
Signifikan: Jurnal Ilmu Ekonomi Vol 8, No 1 (2019)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (392.917 KB) | DOI: 10.15408/sjie.v8i1.9520

Abstract

The development of the manufacturing industry is one of the standards for Indonesia's development as a developing country. Domestic investment (DI) and foreign direct investment (FDI) can meet investment needs in this industry. This paper focuses on the nexus of the two types of investment in meeting investment needs in the manufacturing industry and the influence of those investments in relatively capital-intensive and relatively labor-intensive industrial groups. The aim is to evaluate the role of both types of investments and their benefits to the economy not only to the value-added but also in transferring technology and knowledge spillover from FDI to DI. The panel data regression was first to do to observe the differences between groups of relatively capital-intensive industrial samples and relatively labor-intensive industrial samples. The comparison results show that there are significant differences between the two industry groups so that it can be regressed on these two sample types, apart from the regression of the overall sample. The overall sample found that both FDI and DI influence the value-added of the manufacturing industry. 
Monetary Policy Shocks to Commodity Prices: Evidence from Pakistan Farhan Ahmed; Mushtaq Memon; Raza Ali
Signifikan: Jurnal Ilmu Ekonomi Vol 8, No 1 (2019)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (580.743 KB) | DOI: 10.15408/sjie.v8i1.7012

Abstract

Monetary policy is always a dynamic attribute on commodity prices in the economy. This article examines the empirical relationship between monetary policy and commodity price by employing a vector auto-regression (VAR) Model to show its response in the case of Pakistan. In this paper, the research philosophy is employed based on Positivism with Deductive approach to recognizing the response of monetary policy shocks on commodity price. Recently, low-interest rates and excessive liquidity play a dynamic role in affecting the prices of the commodities market. Furthermore, the impact of monetary policy rate show significant result and seems to be huge in the economy of Pakistan massively. Besides, there is a stable relationship between monetary policy instrument and commodity prices even though the current financial crisis. 
BACK MATTER VOL. 8(1), 2019 Signifikan Vol. 8(1), 2019, Jurnal
Signifikan: Jurnal Ilmu Ekonomi Vol 8, No 1 (2019)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/sjie.v8i1.10942

Abstract

Back Matter Vol. 8(1), 2019
Competitiveness Analysis of Indonesian Fishery Products in ASEAN and Canadian Markets Estu Sri Luhur; Sri Mulatsih; Eka Puspitawati
Signifikan: Jurnal Ilmu Ekonomi Vol 8, No 1 (2019)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (21.622 KB) | DOI: 10.15408/sjie.v8i1.7301

Abstract

This study aimed to analyze the competitiveness of Indonesian fishery products in the ASEAN and Canada markets. The method used was Revealed Comparative Advantage (RCA), Export Product Dynamic (EPD), and X-Model product export potential. The research showed that Vietnam and Canada had a similar level of export structure to Indonesia in the ASEAN market so that Indonesia would have a high competition with both countries. Indonesian fishery products showed a high competitiveness in the export destination markets, except Philippines and Canada. The market position of Indonesian fishery products in Philippines, Thailand and Canadian markets was in the rising star and lost opportunity. These countries also showed as an optimist and potential market for Indonesian fishery products. The policy implication is that government and private sector need to prioritize the export of fishery products to Thailand, Philippines and Canada by improving the product competitiveness through quality improvement and production cost efficiency
Financial Deepening Impacts on Regional Economic Growth Harisuddin Harisuddin; Djoni Hartono
Signifikan: Jurnal Ilmu Ekonomi Vol 8, No 1 (2019)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (424.372 KB) | DOI: 10.15408/sjie.v8i1.8944

Abstract

The impacts of financial deepening on economic growth have been a debate for decades. This research analyzes the impacts of financial deepening on provincial-level economic growth in Indonesia from 2001 to 2016. The use of provincial level data is rarely found in the literature, as well as to reduce unobserved heterogeneity in cross-sectional data between countries. The financial deepening approach in this study is limited to the banking side considering that the banking sector is still very dominant compared to other financial sectors in Indonesia. Through the panel data approach, it found there is a significant positive correlation between financial deepening and regional economic growth supporting previous studies. In this regard, the Government must take serious steps to deepen the domestic financial market, primarily through the banking sector.
Compositional Effect and Distance Sensitivity: Examining the Distance Elasticity in China and Indonesia Trade Activities Putu Mahardika Adi Saputra
Signifikan: Jurnal Ilmu Ekonomi Vol 8, No 1 (2019)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (265.498 KB) | DOI: 10.15408/sjie.v8i1.7469

Abstract

This paper analyzes the change in distance elasticity of trade using bilateral trade data among China and Indonesia and their main trading partners. The empirical method used in this study derived from the gravity model that considers the effect of distance on trade activities behavior. Two causes of change in the elasticity of trade to distance will be exposed, i.e., the distance sensitivity effect (within industries) and the compositional effect (among industries). Specifically, this study would like to prove whether the distance sensitivity effect is more dominant than the compositional effect in explaining the change in distance elasticity of trade. By using four sub-periods and around two hundred industries involved, the result shows that the increase in the role of distance in trade heavily caused by the escalation of distance sensitivity effect in most industries.
The Relationship between Poverty and Unemployment in Niger State Umar Faruk Mohammad; Joseph David
Signifikan: Jurnal Ilmu Ekonomi Vol 8, No 1 (2019)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (399.361 KB) | DOI: 10.15408/sjie.v8i1.6725

Abstract

The nature of the relationship between the twin problem of poverty and unemployment has been unclear recently. Although the nature of the relationship has received more extensive scholarly attention worldwide and even in Nigeria, no study raised on the nature of its relationship in the region (state) which might produce an inverse relationship different from the proportionate obtained in previous studies. Hence the study on the relationship between poverty and unemployment in Niger state, Nigeria, using descriptive and a logistics regression model to analyze the 102 cross-sectional data randomly collected from the three geopolitical regions in the state. The result thus shows the existence of a proportionate relationship between poverty and unemployment, following the pattern of previous studies. The study thus recommends the actions of the policymakers in creating vocational skill programs to the aid-curb unemployment problem in the state. Accordingly, the increase in expenditure on education and the minimum wage as well recommended.

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