Economic growth is a measure of the welfare of the Indonesian people. Over time, the factors that affect economic growth are growing. The emergence of Microfinance Institutions (MFIs) has its own impact on Indonesia's economic growth. This study aims to determine the effect of Microfinance Institutions on economic growth in Indonesia. By using the Random Effect Model (REM) panel data regression method covering 21 provinces in Indonesia in the 2019-2020 period, this study shows that, only the Labor variable is proven to have an effect on economic growth in Indonesia. While the variables for the number of MFIs and the amount of MSME loan funds have not been proven to have an effect on economic growth in Indonesia. This indicates that the human resource factor as a form of human capital is the main factor driving economic growth in Indonesia. So that the policy implication of this research is to encourage economic growth a policy to improve the quality of human resources is needed. Keywords: Economic Growth, Total Microfinance, Labor, REM
Corona Virus Disease 2019 (COVID-19) which originated from Wuhan, China has been addressed by the World Health Organization (WHO) as a global pandemic. The emergence of COVID-19 gives impact to the health of all people and the Indonesian economy. One of the economic sectors affected is the public transportation business. This study aims to explore the impact and how to survive in the public transportation sector amid COVID-19 pandemic. This study used a qualitative descriptive analysis with a case study method in Bekasi Regency, with data collection techniques of online and direct interviews. Based on the results of this study, it can be concluded that the impact of COVID-19 on public transportation businesses is a decrease in the amount of income and a decrease in the frequency of passengers. Every business actor has a different strategy for survival.
COVID-19 pandemic that has attacked almost all countries in the world since the end of 2019 until now certainly has an impact on international trade. This impact is certainly also felt by Indonesia as a open market operation country. Purpose of this study is to see whether the COVID-19 pandemic affects international trade, both export and import activities with oil and gas and non-oil and gas types. The data used is the total value of exports and imports, oil and gas, and non-oil and gas from 2019.8 to 2020.9 or nineteen months before the COVID-19 pandemic and nineteen months during the COVID-19 pandemic obtained from the Monthly Trade report published by the Ministry of Trade of the Republic of Indonesia. This study uses data analysis techniques, namely Paired Sample T Test and Mann-Whitney U Test. The results showed that there was no difference in the value of nonoil and gas imports before and during the COVID-19 pandemic, while total exports, oil and gas exports, non-oil exports, total imports, and imports of oil and gas experienced significant changes or differences in value in the period before and during the COVID-19 pandemic. The Indonesian economy during this crisis turned out to be stronger on the import side because the value of non-oil and gas imports didn’t show a significant difference both before and during the COVID-19 pandemic.
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