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INDONESIA
Signifikan : Jurnal Ilmu Ekonomi
ISSN : 20872046     EISSN : 24769223     DOI : 10.1016
Core Subject : Economy,
Arjuna Subject : -
Articles 234 Documents
Non-Interest Income and Deposit Money Banks (DMBs) Performance in Nigeria Lateef Adewale Yunusa; Kareem Abidemi Arikewuyo; Olusola Enitan Olowofela; Wasiu Abiodun Sanyaolu
Signifikan: Jurnal Ilmu Ekonomi Vol 11, No 1 (2022)
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.v11i1.15469

Abstract

The review of the regulations guiding the activities of Deposit Money Banks (DMBs) in Nigeria affected the revenue generated by DMBs, forcing most banks to diversify their sources of revenue to non-interest income. Panel data technique was employed to examine the impact of non-interest income on DMBs performance in Nigeria from 2012 through 2019. The empirical finding revealed that noninterest income, capital adequacy ratio, and bank loan positively and significantly impact DMBs’ performance in Nigeria. The study recommends that DMBs delve into non-interest income activities as it appeared to improve the performance of DMBs in Nigeria, and the monetary authority should review the policy guiding the non-interest income activities of the DMBs at regular intervals.How to Cite:Yunusa, L. A., Arikewuyo, K. A., Olowofela, E. O. & Sanyaolu, W. A. (2022). Non-Interest Income and Deposit Money Banks (DMBs) Performance in Nigeria. Signifikan: Jurnal Ilmu Ekonomi, 11(1), 31-42. https://doi.org/10.15408/sjie.v11i1.15469.
The Impact of Monetary Policy and International Trade on Economic Growth and Inflation in ASEAN-4 Countries Rini Dwi Astuti; Didit Welly Udjianto
Signifikan: Jurnal Ilmu Ekonomi Vol 11, No 1 (2022)
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.v11i1.22142

Abstract

Economic growth and price stability are the main goals of macroeconomics, among other goals. The central bank can influence the economy to achieve the desired condition through its monetary policy. This study aims to analyze the effect of monetary policy and international trade on economic growth and inflation in four ASEAN countries (Indonesia, Malaysia, the Philippines, and Thailand), using panel data analysis and vector autoregression. The impulse response results show that monetary policy with an interest rate policy instrument hurts economic growth in the short run and is positive in the long run. In the short run, an expansionary monetary policy has effectively accelerated economic growth, vice versa. International trade positively affects economic growth in ASEAN-4 countries in the short run and vice versa in the long run. Panel data analysis shows a price puzzle regarding the effect of interest rates on inflation. Likewise, the effect of international trade on inflation shows a positive influence. An increase in exports encourages an increase in aggregate demand and prices. The implications of the results of this study are the need for policy coordination monetary policy, trade policy, and policy in the real sector so that the effectiveness of monetary policy increases.How to Cite:Astuti, R. D., & Udjianto, D. W. (2022). The Impact of Monetary Policy and International Trade on Economic Growth and Inflation in ASEAN-4 Countries. Signifikan: Jurnal Ilmu Ekonomi, 11(1), 175-190. https://doi.org/10.15408/sjie.v11i1.22142.
The Relationship between Air Pollution, Economic Growth, and Life Expectancy: Empirical Evidence from Indonesia Abdul Bashir; Liliana Liliana; Ariodillah Hidayat; Suhel Suhel
Signifikan: Jurnal Ilmu Ekonomi Vol 11, No 1 (2022)
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.v11i1.23334

Abstract

This study investigates the relationship between air pollution, economic growth, and life expectancy in Indonesia. The observation period during 1985-2019 used time-series data obtained from the World Bank. Quantitative approach by applying two main models, namely the autoregressive distributed lag (ARDL) model by considering the effect of time-lapse and Granger causality with vector error correction method. Research findings prove that air pollution has a negative and significant effect on life expectancy in the long run. Economic growth has a positive and significant effect on life expectancy. In the short run, the current life expectancy is positively and significantly influenced by the life expectancy of the previous period. Air pollution has a negative and significant effect on life expectancy, and economic growth has a negative and significant effect on life expectancy. Another finding in the Granger causality model is a two-way relationship between air pollution and life expectancy. Other evidence exists of a two-way relationship between economic growth and air pollution. In addition, evidence of a unidirectional relationship of economic growth with life expectancy in the short run. The cointegration equation shows evidence of a long-run relationship between air pollution, economic growth, and life expectancy..How to Cite:Bashir, A., Liliana, L., Hidayat, A., Suhel, S., Hamidi, I., & Atiyatna, D. P. (2022). The Relationship between Air Pollution, Economic Growth, and Life Expectancy: Empirical Evidence from Indonesia. Signifikan: Jurnal Ilmu Ekonomi, 11(1), 125-144. https://doi.org/10.15408/sjie.v11i1.23334.
Digital Finance For Improving Financial Inclusion Indonesians’ Banking Estu Widarwati; Asep Solihin; Nunik Nurmalasari
Signifikan: Jurnal Ilmu Ekonomi Vol 11, No 1 (2022)
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.v11i1.17884

Abstract

A digital finance service breakthrough is essential to get better financial assistance to optimize financial inclusion, and the effectiveness requires technological support in banking financial services. The study investigates the effect of digital finance on financial inclusion in Indonesians’ banking industry. We develop the new measurement, namely average digital finance (ADF), and use loan transactions to proxy financial inclusion. The samples are six banking during 2013-2019, and we use panel data regression to test the hypothesis and do a robustness check. Our result confirms that ADF positively impacts financial inclusion and finds evidence of bank size’s role in digital finance and financial inclusion. It implicates banks’ strategy for optimizing financial inclusion based on its characteristics such as age, profitability, and efficiency. It contributes to digital finance’s government policy for using explored internet banking and mobile banking stimulatingly.Widarwati, E., Solihin, A., & Nurmalasari, (2022). Digital Finance For Improving Financial Inclusion Indonesians’ Banking. Signifikan: Jurnal Ilmu Ekonomi, 11(1), 17-30. https://doi.org/10.15408/sjie.v11i1.17884.
Road Quality in Indonesia: Is it Linked to Special Allocation Funds and Political Competition? Putri Natalia Saragih; Khoirunurrofik Khoirunurrofik
Signifikan: Jurnal Ilmu Ekonomi Vol 11, No 1 (2022)
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.v11i1.21090

Abstract

This study aims to determine the relationship between decentralization, viewed from a fiscal and political perspective, and the quality of road infrastructure in Indonesian regions. This study uses panel data of 32 provinces in Indonesia in the 2011–2018 and applied pooled ordinary least square (OLS) estimation with individual fixedeffects to capture time-variable estimation. The results show that special allocation funds (DAK) did not significantly improve the quality of damaged roads, although the correlation was negative. The apparent improvement in the damaged-road ratio is presumed to be because the government is currently more focused on the physical construction of roads than on maintenance, so the level/quality of road maintenance is still not optimal. The political competition was found to be negatively related to the improvement of the damaged-road ratio, indicating that political competition improved the quality of budget execution in road infrastructure provision.How to Cite:Saragih, P. N., & Khoirunurrofik , K. (2022). Road Quality in Indonesia: Is It Linked to Special Allocation Funds and Political Competition? Signifikan: Jurnal Ilmu Ekonomi, 11(1), 57-72. https://doi.org/10.15408/sjie.v11i1.21090.
Convergence and Determinants of Health Development in North Sumatera Province Ing Mariani Hastuti; Wiwiek Rindayati; Alla Asmara
Signifikan: Jurnal Ilmu Ekonomi Vol 11, No 1 (2022)
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.v11i1.20576

Abstract

Health contributes to increasing productivity in generating quality human resources. Health development aims to attain the highest public health degree fairly and equally. Convergence reduces the gap between regions and makes development more equitable. One of the booming health development indicators is life expectancy. The government must collaborate across sectors, namely the social and economic sectors, to accelerate the convergence process. This study aims to identify convergence and analyze the determinants of health development in North Sumatera Province. To this purpose, panel data of 33 districts/cities in North Sumatera Province over 2012-2019 is investigated using the Generalized Method of Moment (GMM) as dynamic panel data analysis. The results showed that convergence in health development measured by life expectancy occurred in North Sumatera Province. The most influential variables in health development were socio-economic variables.How to Cite:Hastuti, I. M., Rindayati, W., & Asmara, A. (2022). Convergence and Determinants of Health Development in North Sumatera Province. Signifikan: Jurnal Ilmu Ekonomi, 11(1), 161-174. https://doi.org/10.15408/sjie.v11i1.20576.
Economic Growth and Inflation: Evidence from Indonesia Mas Rangga Cili; Barkah Alkhaliq
Signifikan: Jurnal Ilmu Ekonomi Vol 11, No 1 (2022)
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.v11i1.19848

Abstract

This study aims to determine the relationship of economic growth with inflation in Indonesia between 2010 and 2014. The research method uses static data panel analysis with economic growth as the dependent variable and inflation, investment, and population as independent variables. Research shows that inflation, investment, and population, where the three variables have the same aim (positive) relationship with economic growth. The effect of investment on economic growth is more significant than inflation on economic growth. The positive relationship between inflation and economic relations shows that inflation can increase economic growth. This can be maintained if the government represented by Bank Indonesia can always keep inflation at a low/mild level. Inflation targeting policy needs to be maintained by referring to the inflation targeting of previous years.How to Cite:Cili, M. R., & Alkhaliq. (2022). Economic Growth and Inflation: Evidence from Indonesia. Signifikan: Jurnal Ilmu Ekonomi, 11(1), 145-160. https://doi.org/10.15408/sjie.v11i1.19848.
Direct Cash Transfer Effect on Children Quality in Women’s Household in Indonesia Ni Putu Wiwin Setyari; Putu Ayu Pramitha Purwanti
Signifikan: Jurnal Ilmu Ekonomi Vol 11, No 1 (2022)
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.v11i1.22769

Abstract

Many studies confirm the importance of the role of women in the effectiveness of government programs, especially the programs aimed at improving family welfare. This study aims to examine the effect of the government program of direct cash transfers (BLT) on the human capital of children in households headed by women in Indonesia. Data for the study was obtained from IFLS (wave 5) and analyzed with multiple linear regression. The analysis results show that there is a negative effect of BLT on the education of children. Previous studies state this is due to the changing behavior of the recipient households or the spillover effects on the non-recipient households. This research proposes a different reason, such as social discrimination against households headed by women. The solid patriarchal culture in Indonesia often ignores female-headed households, so the number of households receiving social protection programs is relatively very limited.How to Cite:Setyari, N. P. W., & Purwanti, P. A. P (2022). Direct Cash Transfer on Children Quality in Women’s Household in Indonesia. Signifikan: Jurnal Ilmu Ekonomi, 11(1), 83-94. https://doi.org/10.15408/sjie.v11i1.22769.
Electronic Banking and Bank Performance: Evidence from Nigeria Adegboyega Raymond; Ariyibi Mayowa Ebenezer; Olaiya Isiag Kehinde; Yunusa Adewale Lateef
Signifikan: Jurnal Ilmu Ekonomi Vol 11, No 2 (2022)
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.v11i2.15540

Abstract

The innovative advancement of the financial system has made deposit money banks all over the globe adopt a technological mode of meeting the customer’s needs, so it has to improve the level of deposits and withdrawals. Hence due to this innovation, this study examines the impact of electronic banking on bank performance in Nigeria. The secondary data collected from the central bank of Nigeria Statistical bulletin from 2009-2017 were subjected to Johansen Co-integration and Vector Error Correction Method (VECM). The findings revealed through the Johansen Co-integration results depict a long-run relationship between the variables. The Fully Modified Least Square depicts that Mobilepay and Webpay have a significant negative effect on NIM (Net Interest margin) while POS (Point of Sale) has a significant positive effect on NIM (Net Interest Margin). The bank should make sure POS (Point of Sale) and Website/Internet transactions are made available to rural and urban areas, so has to encourage different classes of account holders to transfer and receive cash quickly.How to Cite:Raymond, A., Ebenezer, A. M., Kehinde, O. I., & Lateef, Y. A., (2022). Electronic Banking and Bank Performance: Evidence form Nigeria. Signifikan: Jurnal Ilmu Ekonomi, 11(2), 371-382. https://doi.org/10.15408/sjie.v11i2.15540.JEL Classification: G21, G32, G51
The Effect of Public Awareness on the Islamic Financial Industry’s Development Ernawati Ernawati; Rosnawintang Rosnawintang; Ambo Wonua Nusantara
Signifikan: Jurnal Ilmu Ekonomi Vol 11, No 2 (2022)
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.v11i2.25816

Abstract

The development of Islamic finance is not related to the size of the Muslim population as a potential demand. Awareness is a crucial factor in the demand for Islamic banking services. This research investigates the effects of knowledge, regulation, and public awareness on Islamic finance development. This study considers awareness as the mediator variable of knowledge and regulation in supporting Islamic finance development. The study used secondary data published by ICD and Refinitiv, with data from 2013-2019 from 62 countries. Data were analyzed using panel data path regression. The research findings show that knowledge, regulation, and awareness significantly affect the development of the financial industry. The importance of awareness in promoting the Islamic financial industry is indicated by the positive and significant value of awareness as a mediator of knowledge and regulation. This study recommends the synergy between the government and Islamic financial education institutions in strengthening public awareness in encouraging the development of the Islamic finance industry through disseminating research results and government policies.How to Cite:Ernawati., Rosnawintang., & Nusantara, A. W. (2022). The Effect of Public Awareness on the Islamic Financial Industry’s Development. Signifikan: Jurnal Ilmu Ekonomi, 11(2), 399-414. https://doi.org/10.15408/sjie.v11i2.25816.JEL Classification: D83, G18, G41