The issue of environmental degradation has long been associated as a residue of the economic development process, especially in low income countries. Development activities have to continue nevertheless, because people's welfare is the goal. This study aims to find the impact of economic growth, population and energy consumption to environmental pollution. Another purpose is to prove the Environmental Kuznets Curve (EKC) hypothesis. The methods utilized is panel data regression with fixed effect model using Drisscol-Kraay estimator. The result of the study indicates that increased per capita GDP and population leads to environmental pollution in low income countries, while energy consumption has no significant effect. The result also confirmed the EKC hypothesis in low income countries.
The most crucial part for the economic development of a country is maintaining the stability of inflation to create a positive climate for economic and business activities. A number of efforts can be performed to achieve stable inflation and increase economic growth by designing monetary policy incorporating the variables of Bank Indonesia Sharia Certificate (SBIS), Islamic Interbank Money Market (IIMM), and Financing. Drawing on this issue, the in-hand study aims to examine the effectiveness of Islamic monetary policy transmission, using the instruments of SBIS, IIMM, and Financing, on inflation and economic performance (GDP) from the period of January 2011 to December 2020. Using secondary data, this study employs VAR/VECM approach by the assistance of Eviews program. The results reveal that in the short term period, inflation is significantly influenced by the IIMM, while GDP t is affected by the GDP t-1 and financing activities. In the long term period, both inflation and GDP are determined by SBIS and financing activities. In general, this study results in a conclusion that the variables of IIMM, financing activities, and GDP t-1 influence the economic performance both in short and long term periods. These results contribute as fruitful insights to developing financial strategies and monetary policy to maintain stable inflation and improve economic performance of a country.
This study aims to analyze the existence of micro waqf banks and their implications for public welfare in an Islamic perspective. This research is an empirical study with qualitative. The data in this study are secondary data obtained from various journal, book and internet sources. The results in this study showed that Micro Waqf Bank is present as a funding solution in the community and it is proved able to guarantee the welfare of the community without contradicting the Islamic law.
Basically, there are many things can affect Customer Satisfaction, one of which is the application of business ethics. In Islam, buying and selling transactions are something permissible as long as the conditions in accordance with Islamic Shari'a can be fulfilled. Islamic Business Ethics guarantees business people, both of business people, business partners, and consumers will benefit from each other in a particular business transaction. This study aims to analyze the influence between the variables of Islamic Business Ethics on the Customer Satisfaction variable, and (2) the influence of the Customer Satisfaction variable towards the Word of Mouth variable. The sample of this study is 200 respondents. The data analysis technique used Partial Least Square (PLS). Based on the results of the study it can be concluded that the Islamic Business Ethics Variable consisting of Free Will and Benevolence has a positive influence on Customer Satisfaction and the Customer Satisfaction variable has a positive influence on Word of Mouth. While the Unity, Equilibrium, and Responsibility variables do not affect Customer Satisfaction.
The Pandemic of COVID-19 has economic, social and political implications not only for large countries but also for almost all countries in the world. Indonesia is one of the countries affected mainly from the economic side, which is dominated by Micro, Small and Medium Enterprises (MSMEs). The economic slowdown occurred, requires companies to have a clear understanding of the crisis occurred to ensure they more quickly adapt to the situation and minimize the company's losses. One way is to apply digital technology in the face of the COVID-19 Pandemic. The application of digital technology can increase the productivity and performance of MSMEs. In this research, the application of digital technology is explained using a TOE framework that combines aspects of technology, organization, and environment.
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