The main objective of this research is to investigate the dynamic effects of energy consumption on economic growth in the Indonesian context. Based on the annual data of 1990-2017, the empirical ARDL model presents significant effects of energy use, electric power and renewable energy consumption on economic growth. The analysis using error correction model presents the long-run effect of energy use on economic growth. In the short-run, the electric power consumption and labor participation rate have a positive effect on economic growth. The variable of energy use has symmetric effects both in long and short-term periods. The electric power and renewable energy consumption have asymmetric effects in the long-and short-run models. This paper highlights that energy consumption and labor force are the main sources of economic growth in this country. It implies that the research findings are in line with the neoclassical economic theory.
This study aims to identify the factors that influence the interest of the people of Yogyakarta in using Islamic fintech by using the technology acceptance model (TAM). The sampling technique used purposive sampling so that the number of samples obtained was 150 respondents. This study was analyzed using a structural equation model partial least square (SEM-PLS) with the help of SmartPLS 3.2.9 software. The results of this study indicate that the intention to use sharia fintech is influenced by the individual attitude factor towards the presence of sharia fintech. Attitudes to use sharia fintech are influenced by perceived usefulness factors, perceived ease of use, and sharia compliance inherent in sharia fintech. This research can be considered for sharia fintech start-up companies in improving and optimizing the use of sharia fintech.
This paper analyzes the determinants of economic growth sustainability in Indonesia. Based on annual data 1971-2017, this research applies the vector error correction model (VECM) to estimate the dynamic effects of the inflation rate, tax ratio, government spending, broad money, and exchange rate on economic growth. The findings present the existence of long-run equilibrium in a set of those variables. Specifically, the price level and fiscal policy have positive impact on economic growth sustainability. We also find that the effect of monetary policy on economic growth is neutral. The monetary authority should strengthen the impact of monetary variables on economic growth. The exchange rate is part of international factors that threats the economic growth sustainability. It implies that economic growth sustainability is closely related to the international financial sector. Therefore, the central bank should control the exchange rate variable at the safety level to maintain economic growth sustainability.
Tujuan dari penelitian ini adalah untuk menganalisis tentang pengaruh kondisi makro ekonomi (Inflasi, Kurs, BiRate dan PDB) dan kinerja internal (CAR, FDR, LDR dan BOPO) bank terhadap profitabilitas perbankan syariah dan perbankan konvensional. Metode yang digunakan dalam penelitian ini adalah Vector Error Correction Model (VECM) sebagai alat analisis data. Hasil penelitian menunjukkan tidak terdapat perbedaan yang signifikan antara kondisi makro ekonomi terhadap profitabilitas perbankan Syariah dan profitabilitas perbankan konvensional. Kondisi makro ekonomi dan karakteristik internal bank sangat memberikan dampak pada perbankan Syariah dan profitabilitas perbankan konvensional dalam meningkatkan profitabilitas. Hal tersebut dilihat dari KURS pada jangka panjang berpengaruh terhadap perbankan Syariah dan konvensional. Dilihat dari CAR, LDR, KURS, INFLASI dan PDB berdampak pada peningkatan profitabilitas.
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