Bulletin of Islamic Economics
type: channel
description: Title : Bulletin of Islamic Economics Abbreviation : BIE e-ISSN : 2829-9566 DOI Prefix : 10.14421/bie Editor in Chief : Aris Munandar Publisher : Department of Islamics Economics, FEBI UIN Sunan Kalijaga Yogyakarta Frequency : Biannual, June & December Citedness in : Google Scholar Bulletin of Islamic Economics is an international journal which is published by Department of Islamic Economics, Faculty of Islamic Economics and Business, Universitas Islam Negeri Sunan Kalijaga. This journal is designed to provide a forum for researchers or academicians and also practitioners who are interested in knowledge and in discussing ideas, issues, and challenges in the field of Islamic economics. BIE aims to provide fast access to high-quality papers and a continual platform for sharing studies of academicians, researchers, and practitioners; disseminate knowledge and research in various fields of Islamic economics, Islamic Business Ethics and Entrepreneurship, Islamic Economic Thought, Islamic Moral Economy, Islamic Public Finance (Zakat, Infaq, Shodaqoh, and Waqf), Poverty Alleviation, Islamic Monetary Economics, Islamic Economic Development, Maqasid al-Shariah, Islamic Institutional Economics, Shariah Issues, and Regulatory Issues in Islam and other topics which related to this area.
publisher: Department of Islamic Economics, Faculty of Islamic Economics and Business, Universitas Islam Negeri Sunan Kalijaga
language: en
publication name: Bulletin of Islamic Economics
issn: 2829-9566
copyright: Bulletin of Islamic Economics is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License
items: The Influence of Third-Party Fund, Total Assets, and BI7DRR Mobile Banking Transaction Values in Indonesia Islamic Banks
items: Determinants of Poverty In Java Island 2014-2024 From The Socio-Economic Perspective of Ibn Khaldun
items: Contribution of Government Expenditure and Distribution of Zakat, Infaq, Sadaqah (ZIS) Funds to Poverty Alleviation in Central Java Province
items: Analisis Pengaruh Suku Bunga, Tingkat Pengangguran, dan Indeks Pembangunan Manusia terhadap Pertumbuhan Ekonomi Pulau Jawa
items: The Effect of Digital Transactions, Interest Rates, and the COVID-19 Pandemic on the Money Supply in Indonesia (2018-2023)
items: https://ejournal.uin-suka.ac.id/febi/bie/article/view/2942
items: Dynamics of Economic Growth on The Island of Sumatra Before and After The Covid-19 Pandemic: Panel Data Analysis
items: The Relationship between Exchange Rate, Money Supply, and Inflation in Indonesia: An ARDL Approach
items: The Role of Profit-Sharing Ratio, Sharia Financial Market Securities, and Covid-19 in Influencing Third Party Funds of Islamic Banking in Indonesia
items: Analysis of the Effect of GRDP per Capita, Open Unemployment Rate, and Provincial Capital Dummy on Poverty Levels in Regency/City in Java Island in 2023
items: Identification of Leading Sectors of the Economy in Yogyakarta Using the Input-Output Method: Linkage Analysis of 17 Sectors by Business Field
items: Analysis Of The Efficiency Of Sharia-Based Banks On Customer Interest In Indonesian
items: Analysis of Online Transportation Service Applications Selection Using Analytical Hierarchy Process (AHP) Method
items: Decision of E-Commerce Services for Students Using Analitycal Hierarchy Process (AHP) as Decision Support for E-Commerce Shopping Service Selection
items: Analysis Election Smartphone Best for Students UIN Sunan Kalijaga Using The Analytic Hierarchy Process (AHP) Method
items: Markov Chain Method to Predict The Sustainability of E-Money Use by Young People in Yogyakarta
items: Analysis of Leading Sector Identification in East Java Province in 2016 (Input-Output Aproach)
items: Contribution of Stocks, Bonds, and Mutual Funds to Indonesia's Economic Growth: An Input-Output Approach
items: The Impact of Green Tax Policy, Environmental Awareness and Religiosity on The Intention of Umkm to Adopt Circular Economy Practices Moderated by Monetary Value
items: Corporate Social Responsibility as a Moderator of Factors Influencing The Value of Mining Companies Listed in ISSI for The 2018-2022 Period
items: Can Productive Zakat, Entrepreneurial Experience, and Information Technology Drive MSME and SME Performance? A Case Study of BAZNAS Sleman Regency
items: Sharia investment Challenges and Growth for Sustainable and Inclusive Financial Equality in Digital Innovation
items: Analysis of the Determinants of International Trade of Countries in The Asia-Pacific Economic Region (APEC)
items: Analysis of Fiscal and Monetary Policies on Investment and Capital Markets in Indonesia
items: Prioritization of the Use of Individual Assets Based on the Ta’awun Economic Concept
items: The Influence of Foreign Direct Investment (FDI), International Tourism and Export Value on Economic Growth in Member Countries of the Organization of Islamic Cooperation (OIC) During 2010-2020
items: The Role of Digital Economy and International Trade on Ecnonomic Growth in Indonesia
items: Analysis of the Influence of Macroeconomic and Global Factors on the Composite Stock Price Index on the Indonesia Stock Exchange
items: The Effect of Islamic Finance on Economic Growth and Financial Stability: ASEAN-4 Case Study
items: The Influence of Macroeconomic Variables on Inflation After Inflation Targeting Framework Implementation in Indonesia

The Influence of Third-Party Fund, Total Assets, and BI7DRR Mobile Banking Transaction Values in Indonesia Islamic Banks
type: item
description: The rapid digital transformation in Indonesia’s banking sector has shifted financial transaction patterns toward mobile-based services. This study aims to analyze the effects of Third-Party Funds (DPK), Total Assets, and the BI 7-Day Reverse Repo Rate (BI7DRR) on the value of mobile banking transactions in Islamic banking in Indonesia. The study employs monthly secondary data covering the period from July 2020 to June 2025, consisting of 60 observations, and applies the Vector Error Correction Model (VECM) to examine both short-run and long-run relationships among variables. The Granger causality test results indicate the presence of unidirectional causality from DPK, total assets, and BI7DRR to the value of mobile banking transactions. The Johansen cointegration test confirms the existence of a long-run equilibrium relationship among the variables. The VECM estimation shows that, in the long run, total assets have a positive and significant effect on the value of mobile banking transactions, while DPK and BI7DRR do not have a significant effect. In the short run, the error correction coefficient (CointEq1 = −0.620366) indicates an adjustment speed toward equilibrium of 62%. The findings suggest that the expansion of Islamic banking assets plays a crucial role in driving digital transaction activity, while changes in monetary policy (BI7DRR) tend to influence transaction behavior primarily in the short run. These results provide implications for strengthening digital financial inclusion strategies through liquidity management and the enhancement of Islamic banking asset capacity.
subject: Articles
  topic: section
subject: Islamic banking, mobile banking transactions, third-party funds, total assets, BI7DRR, VECM
  topic: keywords
creator: Puput Zahra
creator: Nazhira Tasya Ghaissani
creator: Neng Sofa Mawadatannasriah
creator: Rahayu Juliandini
creator: Rajab Sobarna
creator: Haris Nugraha
creator: Neni Sri Wulandari
rights: Copyright (c) 2026 http://creativecommons.org/licenses/by-sa/4.0
date: 2026-07-23
publication date: 2026-07-23
starting page: 9
ending page: 21
doi: 10.14421/bie.2026.043-02

Determinants of Poverty In Java Island 2014-2024 From The Socio-Economic Perspective of Ibn Khaldun
type: item
description: Poverty remains a crucial issue in Indonesia. Java Island, which contributes a large portion of the national GDP, still faces uneven development. Ibn Khaldun’s circle of equity model is employed to analyze the determinants of poverty, where the poverty rate represents the role of justice (j), influenced by democracy as a proxy for sharia (S), government expenditure as the role of government (G), economic growth as wealth (W), the open unemployment rate as the role of society or human resources (N), and the Human Development Index as development (g). This study employs a quantitative approach, utilizing the Fixed Effects Model (FEM). The data are obtained from Statistics Indonesia (BPS) and the Directorate General of Fiscal Balance, Ministry of Finance. The results show that the democracy index has no significant effect, government expenditure has a significant negative effect, economic growth has a significant positive effect, unemployment has no significant effect, and the Human Development Index has a significant negative effect on poverty. Simultaneously, the independent variables significantly explain variations in poverty. The integration of Ibn Khaldun’s circle of equity model into this empirical analysis offers a distinct approach to examining poverty issues.
subject: Articles
  topic: section
subject: Poverty
  topic: keywords
subject: Ibn Khaldun
  topic: keywords
subject: Circle of Equity
  topic: keywords
creator: Muh Iqbal Izzudin
creator: Slamet Khilmi
rights: Copyright (c) 2026 http://creativecommons.org/licenses/by-sa/4.0
date: 2026-07-23
publication date: 2026-07-23
starting page: 1
ending page: 8
doi: 10.14421/bie.2026.043-01

Contribution of Government Expenditure and Distribution of Zakat, Infaq, Sadaqah (ZIS) Funds to Poverty Alleviation in Central Java Province
type: item
description: Poverty is a worldwide concern that must be handled, especially in developing countries like Indonesia, which has serious poverty issues. One of the provinces in Indonesia with a high poverty rate is Central Java Province. This study aims to determine the effect of government expenditures on education, health, and social welfare, as well as the distribution of ZIS funds on poverty in Central Java Province for the period 2017-2024. The data used in this study is time series data that has been processed using the ECM method with the help of E-Views 12 software. The results show that in the long term, government expenditure on education, government expenditure on social welfare, and ZIS funds have a negative and significant effect on poverty. Meanwhile, government expenditure on health has positive and significant on poverty. In the short term, government expenditure on education has no effect on poverty. Government expenditure on health has a positive and significant effect on poverty. Government expenditure on social welfare and the distribution of ZIS funds have a negative and significant effect on poverty.
subject: Articles
  topic: section
subject: Poverty
  topic: keywords
subject: Government Expenditures
  topic: keywords
subject: ZIS Fund Distribution
  topic: keywords
creator: Khofifah Ghomzah
creator: Slamet Khilmi
rights: Copyright (c) 2025 http://creativecommons.org/licenses/by-sa/4.0
date: 2025-12-30
publication date: 2025-12-30
starting page: 33
ending page: 43
doi: 10.14421/bie.2025.042-04

Analisis Pengaruh Suku Bunga, Tingkat Pengangguran, dan Indeks Pembangunan Manusia terhadap Pertumbuhan Ekonomi Pulau Jawa
type: item
description: This study analyses the effect of interest rates, unemployment rates, and the Human Development Index (HDI) on economic growth in three major provinces of Indonesia, namely DKI Jakarta, West Java, and East Java during the period 2016–2023 using a panel data approach. The secondary data used came from the Central Statistics Agency and Bank Indonesia. The analysis method used panel data regression with Chow, Hausman, and Lagrange Multiplier tests to select the best model and classical assumption tests including normality, multicollinearity, heteroscedasticity, and autocorrelation. The results show that the Common Effect Model is most appropriate for describing the relationship between variables in this study. Interest rates do not have a significant effect on economic growth, while unemployment rates have a significant negative effect and HDI has a significant positive effect on economic growth. The regression model with robust standard error is able to explain 94.10% of the variation in Gross Regional Domestic Product (GRDP) in the three provinces. These findings provide empirical evidence that improving the quality of human resources and reducing unemployment rates are key to driving economic growth in Indonesia's major regions.
subject: Articles
  topic: section
subject: Economic Growth
  topic: keywords
subject: Gross Regional Domestic Product (GRDP)
  topic: keywords
subject: Interest Rates
  topic: keywords
subject: Unemployment Rate
  topic: keywords
subject: Human Development Index (HDI)
  topic: keywords
subject: Panel Data
  topic: keywords
subject: Macroeconomic Stability
  topic: keywords
creator: Assyifa Eka Nabila
creator: Ia Haerunisa
creator: Sofiyatun Najwa
rights: Copyright (c) 2026 http://creativecommons.org/licenses/by-sa/4.0
date: 2026-07-23
publication date: 2026-07-23
starting page: 22
ending page: 32
doi: 10.14421/bie.2026.043-03

The Effect of Digital Transactions, Interest Rates, and the COVID-19 Pandemic on the Money Supply in Indonesia (2018-2023)
type: item
description: This study analyzes the effect of digital transactions, interest rates, and the COVID-19 pandemic on the money supply (M2) in Indonesia from August 2018 to August 2023. Using monthly time series data from Bank Indonesia, BPS, and Katadata, the research employs multiple linear regression with the Ordinary Least Squares (OLS) method. The results show that digital transactions have a positive and significant effect on the money supply, indicating that the digitalization of financial systems accelerates the circulation of money in the economy. Meanwhile, the benchmark interest rate has no significant direct effect on M2, suggesting that its traditional role in monetary control may be diminishing in the digital era. The COVID-19 pandemic dummy variable shows a positive and significant impact on the money supply, reflecting the effects of fiscal and monetary stimulus policies during the crisis. Overall, the findings highlight that technological transformation and crisis conditions substantially influence liquidity dynamics, and that monetary policy must adapt to digital and structural economic changes.
subject: Articles
  topic: section
subject: Digital Transactions
  topic: keywords
subject: Interest Rates
  topic: keywords
subject: COVID-19 Pandemic
  topic: keywords
subject: Money Supply
  topic: keywords
subject: OLS Regression
  topic: keywords
creator: Isnaini Nur Fadilah
creator: Aditya Dwi Pamungkas
creator: Ara Danisy
rights: Copyright (c) 2025 http://creativecommons.org/licenses/by-sa/4.0
date: 2025-12-30
publication date: 2025-12-30
starting page: 24
ending page: 32
doi: 10.14421/bie.2025.042-03

https://ejournal.uin-suka.ac.id/febi/bie/article/view/2942
type: item
title: Analisis Pengaruh Pengeluaran Per Kapita Yang Disesuaikan, Tingkat Partisipasi Angkatan Kerja, dan Rata-Rata Lama Sekolah Terhadap Jumlah Penduduk Miskin Menurut Kabupaten/Kota Di Pulau Jawa Pada Tahun 2023
description: Penelitian ini bertujuan untuk menganalisis faktor-faktor yang memengaruhi kemiskinan di Pulau Jawa pada tahun 2023 dengan meninjau beberapa variabel sosial-ekonomi utama. Metode yang digunakan adalah pendekatan kuantitatif dengan analisis regresi log-linear dummy menggunakan data sekunder yang bersumber dari Badan Pusat Statistik (BPS) dan diolah dengan program Stata 17. Data mencakup 119 kabupaten/kota di Pulau Jawa, dengan variabel dependen berupa Jumlah Penduduk Miskin (Y), dan variabel independen meliputi Pengeluaran Perkapita yang Disesuaikan (X1), Tingkat Partisipasi Angkatan Kerja (X2), Rata-rata Lama Sekolah (X3) serta status administratif Kabupaten/Kota sebagai variabel dummy (E1, E2). Dengan hasil pengujian menunjukkan bahwa pengeluaran per kapita yang disesuaikan berpengaruh positif dan signifikan terhadap garis kemiskinan, sementara tingkat partisipasi angkatan kerja dan Rata-Rata lama sekolah berpengaruh negatif dan signifikan. Adapun status administratif kabupaten/kota berpengaruh positif namun tidak signifikan. Implikasi kebijakan yang dilakukan pemerintah perlu fokus pada peningkatan pendidikan, perluasan lapangan kerja, dan pengendalian harga kebutuhan pokok agar pengentasan kemiskinan dapat berjalan lebih merata dan berkelanjutan.
subject: Articles
  topic: section
subject: Analisis Kemiskinan Jawa
  topic: keywords
subject: Pengeluaran
  topic: keywords
subject: Angkatan Kerja
  topic: keywords
subject: Pendidikan
  topic: keywords
creator: Asti Fajrin Oktaviani
creator: Ahmad Fauziy
creator: Lutvi Anwar
rights: Copyright (c) 2026 http://creativecommons.org/licenses/by-sa/4.0
date: 2026-07-23
publication date: 2026-07-23
starting page: 33
ending page: 44
doi: 10.14421/bie.2026.043-04

Dynamics of Economic Growth on The Island of Sumatra Before and After The Covid-19 Pandemic: Panel Data Analysis
type: item
description: This study aims to analyze the influence of inflation, investment, and government spending on economic growth on the island of Sumatra during the period 2017–2023. Using the panel data regression method, this study combines interprovincial and intertemporal data variations to obtain a more comprehensive picture of economic dynamics before and after the COVID-19 pandemic. The results of the analysis show that simultaneously the three variables have a significant influence on regional economic growth. Partially, investment has proven to have a positive and significant influence so that it is the main factor driving economic growth, especially in the post-pandemic recovery phase. Inflation also shows a positive and significant influence, which indicates that price stability is able to support regional economic activity. Meanwhile, government spending has a positive but insignificant effect, so the effectiveness of regional fiscal allocation still needs to be improved in order to be able to have a stronger economic impact. Overall, these findings confirm that creating a conducive investment climate and improving the quality of government spending are key to encouraging sustainable economic growth on the island of Sumatra.
subject: Articles
  topic: section
subject: Economic Growth
  topic: keywords
subject: Investment
  topic: keywords
subject: Inflation
  topic: keywords
subject: Government Spending
  topic: keywords
subject: Panel Data
  topic: keywords
creator: Hadraji Mufti Abizar Al Ghiffari
creator: Qina Khaitsa
creator: Pundari Zuhayka
creator: Saffa Namira
rights: Copyright (c) 2025 http://creativecommons.org/licenses/by-sa/4.0
date: 2025-12-30
publication date: 2025-12-30
starting page: 11
ending page: 23
doi: 10.14421/bie.2025.042-02

The Relationship between Exchange Rate, Money Supply, and Inflation in Indonesia: An ARDL Approach
type: item
description: This study examines the short- and long-term relationships between inflation, exchange rate, and money supply (M2) in Indonesia using the Autoregressive Distributed Lag (ARDL) approach over the period 2013–2024. Monthly time-series data obtained from official sources are analyzed to capture the dynamic interactions among variables. The bounds testing procedure confirms the existence of a long-run cointegration relationship, with the ARDL(5,1,2) model identified as the optimal specification. Empirical results indicate that, in the short run, inflation is significantly influenced only by its own past values, while the exchange rate and money supply are statistically insignificant in both the short and long term. These findings suggest that inflation dynamics in Indonesia are primarily driven by internal adjustment mechanisms rather than direct monetary or exchange rate shocks. The study contributes to monetary policy analysis by highlighting the importance of inflation expectations and domestic stability.
subject: Articles
  topic: section
subject: Inflation
  topic: keywords
subject: Exchange Rate
  topic: keywords
subject: Money Supply
  topic: keywords
subject: ARDL
  topic: keywords
subject: Time Series
  topic: keywords
subject: Indonesia
  topic: keywords
creator: Refika Cyntia Sari
creator: Popy Ridhona Tambunan
creator: Muhammad Syahru Ramadhana
rights: Copyright (c) 2025 http://creativecommons.org/licenses/by-sa/4.0
date: 2025-12-30
publication date: 2025-12-30
starting page: 1
ending page: 10
doi: 10.14421/bie.2025.042-01

The Role of Profit-Sharing Ratio, Sharia Financial Market Securities, and Covid-19 in Influencing Third Party Funds of Islamic Banking in Indonesia
type: item
description: This study aims to analyze the influence of Profit Sharing Ratio (Nisbah), Sharia Money Market Securities (SBPU Syariah), and the Covid-19 pandemic on Islamic banking Third Party Funds (DPK) in Indonesia. The data used is a monthly time series secondary data from January 2018 to December 2023 consisting of 72 observations, obtained from OJK Sharia Banking Statistics. The analysis methods used were multiple linear regression and quadratic functional form regression with the application of STATA. The results of the study show that the variables of Profit Sharing Ratio and Sharia Money Market Securities (SBPU Syariah) have a positive and significant effect on Third Party Funds. However, the relationship between the Ratio and the Third Party Funds is non-linear, where the increase in the ratio to a certain point encourages the growth of the Third Party Fund, but will decrease after passing the optimal point. Meanwhile, the Covid-19 dummy variable also has a positive and significant influence on Third-Party Funds, showing that during the pandemic people tend to increase their deposits in Islamic banking.
subject: Articles
  topic: section
subject: Third Party Funds
  topic: keywords
subject: Profit Sharing Ratio
  topic: keywords
subject: Islamic Money Market Securities
  topic: keywords
subject: Covid-19
  topic: keywords
creator: Saidah Qurrota
creator: riswanti budi sekaringsih
rights: Copyright (c) 2025 http://creativecommons.org/licenses/by-sa/4.0
date: 2025-09-10
publication date: 2025-09-10
starting page: 9
ending page: 17
doi: 10.14421/bie.2025.041-02

Analysis of the Effect of GRDP per Capita, Open Unemployment Rate, and Provincial Capital Dummy on Poverty Levels in Regency/City in Java Island in 2023
type: item
description: Poverty is a fundamental challenge that hinders national progress, negatively affecting social and economic aspects. This study analyzes the effect of Gross Regional Domestic Product (GRDP) per capita, Open Unemployment Rate, and provincial capital status on the poverty rate in regencies/municipalities in Java Island in 2023. Using cross-sectional data from 119 districts/municipalities and the Ordinary Least Squares (OLS) regression method with robust standard errors, it is found that GRDP per capita and provincial capital status have a negative and significant effect on the poverty rate. In contrast, Open Unemployment Rate has a positive and significant effect on the poverty rate. The logarithmic model used shows consistency with economic theory and explains 52.22% of the variation in poverty rates. The findings suggest that inclusive economic growth, job creation, and equitable development outside provincial capitals are essential to reduce poverty in Java.
subject: Articles
  topic: section
subject: Poverty
  topic: keywords
subject: GRDP per Capita
  topic: keywords
subject: Open Unemployment Rate
  topic: keywords
subject: Provincial Capitals
  topic: keywords
subject: Java Island
  topic: keywords
creator: Vriska Ayuning Tias
creator: Riswanti Budi Sekaringsih
rights: Copyright (c) 2025 http://creativecommons.org/licenses/by-sa/4.0
date: 2025-12-30
publication date: 2025-12-30
starting page: 44
ending page: 56
doi: 10.14421/bie.2025.042-05

Identification of Leading Sectors of the Economy in Yogyakarta Using the Input-Output Method: Linkage Analysis of 17 Sectors by Business Field
type: item
description: The Special Region of Yogyakarta (DIY) is one of the provinces in Indonesia whose economy is dominated by the Manufacturing Industry; Agriculture, Forestry, and Fisheries; Accommodation and Food Services; Information and Communication; and Construction. To determine the leading sectors, it is necessary to analyze linkage indices, as leading sectors are those with high dispersion indices, which are capable of driving economic activity. Therefore, this study uses the Input-Output analysis method to identify sectors with high linkage dispersion indices. The study utilizes the 2016 Yogyakarta Input-Output Table and analyzes the linkage values of potential sectors. Potential sectors are selected from 17 business fields out of a total of 52 industrial sectors. The analysis results show that the three sectors contributing the most output are Manufacturing Industry (Rp38,461 billion), Transportation and Warehousing (Rp30,615 billion), and Construction (Rp22,915 billion). The Transportation and Warehousing sector has the highest forward linkage of 1.822, indicating significant potential in driving the output of other sectors. On the other hand, the Public Administration, Defense, and Mandatory Social Security sector records the highest backward linkage of 1.602. The Manufacturing Industry sector has a backward linkage value of 1.515 and a forward linkage value of 1.750, while the Electricity and Gas Supply sector records respective values of 1.521 and 1.632. With high forward and backward linkage indices, these two latter sectors fall into the leading quadrant and have strong potential as the main drivers of DIY's economy.
subject: Articles
  topic: section
subject: Leading Sector
  topic: keywords
subject: Input-Output Method
  topic: keywords
subject: Linkage Coefficient
  topic: keywords
creator: Muhammad Rifqi Fadhillah
creator: Fausti Widayanti
creator: Dian Wahyudi
rights: Copyright (c) 2025 http://creativecommons.org/licenses/by-sa/4.0
date: 2025-09-11
publication date: 2025-09-11
starting page: 26
ending page: 33
doi: 10.14421/bie.2025.041-04

Analysis Of The Efficiency Of Sharia-Based Banks On Customer Interest In Indonesian
type: item
description: This study analyzes the operational efficiency of Islamic banks in Indonesia using the Data Envelopment Analysis (DEA) method with an input-oriented approach. DEA is applied to evaluated how Islamic banks optimally utilize their resources in producing outputs. The input variables used include operating costs, total assets, and total labor, while the outputs include third-party funds (DPK), financing disbursed, and net income. The results show that there are variations in efficiency among banks, where some banks have achieved optimal efficiency, while others need improvement in resource management. This research provides strategic insights to improve the efficiency of Islamic banks at the regional level.
subject: Articles
  topic: section
subject: Islamic Bank
  topic: keywords
subject: Efficiency
  topic: keywords
subject: Input-oriented
  topic: keywords
subject: DPK
  topic: keywords
subject: Data Envelopment Analysis (DEA)
  topic: keywords
creator: Safi’atus Sholikhah
creator: Putri Ayu Andesia
creator: Zufaruddin Zaidan
creator: Maida Nurul Adila
rights: Copyright (c) 2025 http://creativecommons.org/licenses/by-sa/4.0
date: 2025-09-11
publication date: 2025-09-11
starting page: 18
ending page: 25
doi: 10.14421/bie.2025.041-03

Analysis of Online Transportation Service Applications Selection Using Analytical Hierarchy Process (AHP) Method
type: item
description: This study aims to analyze user preferences in choosing online transportation service applications using the Analytical Hierarchy Process (AHP) method. The study was conducted by distributing questionnaires to 51 respondents from various regions in Indonesia, who are active users of Gojek, Grab, and Maxim applications. Four main criteria were used as the basis for evaluation, namely service speed, price, promotion, and driver availability. The results of data processing show that service speed is the most dominant factor in decision making with a weight of 51%, followed by driver availability (23%), promotion (15%), and price (11%). Of the three applications studied, Gojek obtained the highest priority value (0.47), making it the top choice of respondents. This research shows that operational aspects such as speed and service availability are more decisive than price considerations alone, and confirms the relevance of the AHP method in assisting complex, user preference-based decision making.
subject: Articles
  topic: section
subject: Analytical Hierarchy Process
  topic: keywords
subject: priority value
  topic: keywords
subject: price
  topic: keywords
subject: driver availability
  topic: keywords
subject: promotion
  topic: keywords
creator: Hadraji Mufti Abizar Al Ghiffari
creator: Refika Cyntia Sari
creator: Popy Ridhona Tambunan
creator: Pundari Zuhayka
creator: Muhammad Syahru Ramadhana
rights: Copyright (c) 2025 http://creativecommons.org/licenses/by-sa/4.0
date: 2025-09-11
publication date: 2025-09-11
starting page: 34
ending page: 43
doi: 10.14421/bie.2025.041-05

Decision of E-Commerce Services for Students Using Analitycal Hierarchy Process (AHP) as Decision Support for E-Commerce Shopping Service Selection
type: item
description: Online shopping is becoming a habit among the public due to the convenience it offers. This research aims to help consumers choose the appropriate e-commerce application, using the Analytic Hierarchy Process (AHP) method and involving 33 respondents. The three e-commerce platforms analyzed are Shopee, Tokopedia, and Lazada. The results show that Shopee ranks first in all evaluated criteria, namely price, delivery speed, transaction security, and product completeness. Thus, Shopee has become the most chosen platform by respondents. The first and subsequent rankings in the Price Criteria = Shopee with 53.27%. Delivery Speed Criteria = Shopee 36.8%. Transaction Security Criteria = Shopee 54.14%. Product Completeness Criteria = Shopee 63.07%. If we look at the processed data we obtained, the Shopee application was chosen 4 times, or among all the criteria, Shoope is in the first position.
subject: Articles
  topic: section
subject: and Analytical Networking Process.
  topic: keywords
creator: Nur Rival Dwi Apria Arta
creator: Nur Alia Qorina
creator: Izzat Muhammad Haifa Nabil
rights: Copyright (c) 2026 http://creativecommons.org/licenses/by-sa/4.0
date: 2026-07-23
publication date: 2026-07-23
starting page: 45
ending page: 57
doi: 10.14421/bie.2026.043-05

Analysis Election Smartphone Best for Students UIN Sunan Kalijaga Using The Analytic Hierarchy Process (AHP) Method
type: item
description: The rapid development and advancement of digital technology has driven major changes in human life, including the use of technological devices such as smartphones. With the increasing need for smartphones to support academic activities, consumers sometimes face difficulties in determining choices that suit their needs. This study aims to identify smartphone features that are most considered by students in the purchasing decision-making process, using the Analytical Hierarchy Process (AHP) method. This study uses primary data obtained through questionnaires to active students with criteria used as a basis for comparison including price, storage capacity, camera quality, processor, and design. The results of the study show that the storage capacity feature is the main consideration in choosing a smartphon, followed by the processor feature and camera quality. Price and design are ranked next. This finding shows that the need for performance and efficiency in support activity academic become priority main for students. In conclusion, the results of this study can be a reference for students in determining their choice of smartphone. Which in accordance with need academic as well as provide manufacturers with an overview of current consumer preferences.
subject: Articles
  topic: section
subject: Student
  topic: keywords
subject: Digital
  topic: keywords
subject: Smartphone
  topic: keywords
subject: AHP
  topic: keywords
subject: Technology
  topic: keywords
creator: Ikhsan Syamsul Maarif
creator: Aghnan Candra
creator: Isnaini Nur Fadilah
creator: Siti Aisyah
rights: Copyright (c) 2025 http://creativecommons.org/licenses/by-sa/4.0
date: 2025-04-20
publication date: 2025-04-20
starting page: 1
ending page: 8
doi: 10.14421/bie.2025.041-01

Markov Chain Method to Predict The Sustainability of E-Money Use by Young People in Yogyakarta
type: item
description: The rapid development of digital technology has significantly driven the widespread adoption of electronic money (e-money), particularly among young adults who are generally more adaptive to technological innovations in payment systems. This study aims to predict the sustainability of e-money usage using a Markov chain model approach. Primary data was obtained through a survey of 100 respondents aged 17-30 years, who described their preferences for three e-money services: Dana, Mobile Banking, and ShopeePay. The analysis results show that Mobile Banking has the highest retention rate (62%) and is likely to be the dominant service in the long run. The steady-state prediction indicates that 57.48% of users will continue to use Mobile Banking, while Dana and ShopeePay decline to 19.01% and 23.51% respectively. Although e-money usage is still high, there is a tendency for preference shifts as well as a potential decline in sustainability. Therefore, digital service providers need to respond to this dynamic with innovative strategies to maintain the engagement of young users. This research contributes both theoretically through the application of mathematical models in digital consumer behaviour, and practically for the development of technology-based financial business strategies.
subject: Articles
  topic: section
subject: E-money
  topic: keywords
subject: Youth
  topic: keywords
subject: Markov Chain
  topic: keywords
subject: User Preference
  topic: keywords
subject: Continued Use
  topic: keywords
subject: Mobile Banking
  topic: keywords
subject: Consumer Behaviour Prediction
  topic: keywords
creator: Shofiatun Najwa
creator: Ia Haerunisa
creator: Asyifa Eka Nabila
creator: Qina Khaitsa
rights: Copyright (c) 2024 http://creativecommons.org/licenses/by-sa/4.0
date: 2024-12-30
publication date: 2024-12-30
starting page: 102
ending page: 111
doi: 10.14421/bie.2024.032-05

Analysis of Leading Sector Identification in East Java Province in 2016 (Input-Output Aproach)
type: item
description: In planning alternative strategies, there are a variety of analytical tools that can be used, each with its own advantages and limitations. For example, indicators of prosperity are usually measured through Gross Regional Domestic Product (GRDP). Although GRDP provides an overview of the contribution of each sector to the regional economy, this data is proportional (share) and is not able to describe the relationship between sectors as a whole. In other words, GRDP cannot show the extent of inter-sectoral linkages as the main driver of the regional economy. Therefore, this study uses input-output analysis. This analysis is considered more comprehensive because it is able to describe the linkages between economic sectors in a region as a whole. Through this approach, the impact of production changes in one sector on other sectors can be known more clearly. In addition, input-output analysis can also measure the impact on community welfare through primary inputs in the form of added value. Thus, changes in production in certain sectors can show how much the prosperity of the people in the region has increased or decreased.
subject: Articles
  topic: section
subject: Identification
  topic: keywords
subject: Input-output
  topic: keywords
subject: Forward Linkages
  topic: keywords
subject: Backward Linkages
  topic: keywords
creator: Vriska Ayuning Tias
creator: Fatma Sofiani
creator: Lumdah Faridatun Nida
creator: Aisyah Fitri Sabrina
rights: Copyright (c) 2024 http://creativecommons.org/licenses/by-sa/4.0
date: 2024-12-29
publication date: 2024-12-29
starting page: 89
ending page: 101
doi: 10.14421/bie.2024.032-04

Contribution of Stocks, Bonds, and Mutual Funds to Indonesia's Economic Growth: An Input-Output Approach
type: item
description: This study analyzes the impact of conventional investment on Indonesia's economic growth through the Input-Output approach. By analyzing secondary data from the Central Bureau of Statistics and the Financial Services Authority, this study aims to identify the contribution of capital market instruments such as stocks, bonds, and mutual funds to economic growth. The analysis results show that stocks, bonds, and mutual funds significantly drive economic growth, serving as the main driver in increasing the productivity of related sectors. This research provides important insights for policymakers and investors in promoting sustainable economic development.
subject: Articles
  topic: section
subject: Stocks
  topic: keywords
subject: Bonds
  topic: keywords
subject: Mutual Funds
  topic: keywords
subject: Economic Growth
  topic: keywords
subject: Input-Output Approach
  topic: keywords
creator: Hasna Zahra Rahimah Aiko
creator: M. Fachriansyah
creator: Chairil Ihwan Tarigan
creator: Muhammad Avriza
rights: Copyright (c) 2024 http://creativecommons.org/licenses/by-sa/4.0
date: 2024-12-28
publication date: 2024-12-28
starting page: 81
ending page: 88
doi: 10.14421/bie.2024.032-03

The Impact of Green Tax Policy, Environmental Awareness and Religiosity on The Intention of Umkm to Adopt Circular Economy Practices Moderated by Monetary Value
type: item
description: This study aims to determine the effect of green tax policy, environmental awareness, religiosity and monetary value on the intention of MSMEs to adopt a circular economy system. The sampling technique used is purposive sampling, with a total of 120 samples determined using the G-power application. The data analysis method in this study uses partial least squares structural equation modeling (SEM-PLS). The results of the analysis show that the variables of green tax policy, religiosity and monetary value are proven to have a significant influence on the intention of MSMEs. However, the religiosity variable shows a negative value, so it is considered that the higher the value of one's religiosity, the lower the intention, while the environmental awareness variable is proven to have no significant influence on the intention of MSMEs. Meanwhile, the monetary value variable proved unable to moderate the green tax policy variable, environmental awareness and religiosity on MSME intentions.
subject: Articles
  topic: section
subject: circular economy
  topic: keywords
subject: MSME Intention
  topic: keywords
subject: Environmental Awarness
  topic: keywords
subject: Monetary Value
  topic: keywords
subject: Green Tax
  topic: keywords
creator: Gilang Wirawan Wasis Tirta Maulana
rights: Copyright (c) 2024 http://creativecommons.org/licenses/by-sa/4.0
date: 2024-12-27
publication date: 2024-12-27
starting page: 66
ending page: 80
doi: 10.14421/bie.2024.032-02

Corporate Social Responsibility as a Moderator of Factors Influencing The Value of Mining Companies Listed in ISSI for The 2018-2022 Period
type: item
description: This study aims to examine the influence of liquidity, profitability, and leverage on firm value, and to test whether corporate social responsibility (CSR) can moderate these three variables. Liquidity, profitability, leverage, and CSR disclosure are factors that serve as the basis for investors in considering investments in a company. Firm value reflects the welfare of the company’s shareholders. The population in this study consists of 47 mining sector companies listed on ISSI from 2018 to 2022. Using purposive sampling, a sample of 10 companies meeting the criteria was selected. Data analysis was conducted with the aid of E-Views software. Based on the results of data analysis and hypothesis testing, it can be concluded that the liquidity variable (Current Ratio) has a positive effect on firm value (Tobin's Q), and CSR can moderate the effect of liquidity (Current Ratio) on firm value. Meanwhile, other variables, such as profitability (Return On Asset), leverage (Debt to Equity Ratio), profitability moderated by CSR, and leverage moderated by CSR, do not affect firm value (Tobin's Q).
subject: Articles
  topic: section
subject: Liquidity
  topic: keywords
subject: Profitability
  topic: keywords
subject: Leverage
  topic: keywords
subject: Firm Value
  topic: keywords
subject: Corporate Social Responsibility
  topic: keywords
creator: Nada Tauhida Zaharani
creator: Zulkipli Lessy
rights: Copyright (c) 2024 http://creativecommons.org/licenses/by-sa/4.0
date: 2024-12-26
publication date: 2024-12-26
starting page: 53
ending page: 65
doi: 10.14421/bie.2024.032-01

Can Productive Zakat, Entrepreneurial Experience, and Information Technology Drive MSME and SME Performance? A Case Study of BAZNAS Sleman Regency
type: item
description: This study investigates the impact of productive zakat, entrepreneurial experience, and information technology on the performance of Micro, Small, and Medium Enterprises (MSMEs) and Small and Medium Industries (SMIs). It focuses on 150 MSME and SMI actors funded by BAZNAS in Yogyakarta City and Sleman Regency, utilizing primary data collected via offline questionnaires. Multiple linear regression analysis, conducted using SPSS 27 and Microsoft Excel, reveals that productive zakat significantly enhances performance by increasing capital and providing sustainable support. Entrepreneurial experience also positively influences performance, offering practical skills and insights for overcoming business challenges. However, information technology shows no significant effect, attributed to low adoption and limited utilization. To bridge this gap, BAZNAS should implement targeted training on digital tools and e-commerce. The study highlights the need for integrated strategies combining financial, experiential, and technological support to drive sustainable growth among MSMEs and SMIs.
subject: Articles
  topic: section
subject: Productive Zakat
  topic: keywords
subject: Entrepreneurial Experience
  topic: keywords
subject: Information Technology
  topic: keywords
subject: MSME Performance
  topic: keywords
creator: Mohamad Salman Hidayat
creator: Moh Shadam Taqiyyuddin Azka
rights: Copyright (c) 2024 http://creativecommons.org/licenses/by-sa/4.0
date: 2024-12-25
publication date: 2024-12-25
starting page: 27
ending page: 41
doi: 10.14421/bie.2024.031-04

Sharia investment Challenges and Growth for Sustainable and Inclusive Financial Equality in Digital Innovation
type: item
description: The article explores how Islamic finance aligns with sustainability goals converge and shows how Sharia finance can help promote a more equitable and environmentally friendly world. The research method used is a Systematic Literature Review with a descriptive approach. The (LSR) approach is a mixture of collecting relevant and legitimate academic literature from diverse sources. The finding of the research shows that various sustainability objectives are aligned with the basic principles of risk sharing, Socially Responsible Investment, Prohibition of Harmful Investments, Prohibition of Riba (Interest), and Avoidance of Gharar (Uncertainty). Infrastructure developments and renewable energy projects can be promoted by instruments like Islamic Bonds (Sukuk), Sharia-Compliant Funds, Islamic Loans and Islamic Insurance that satisfy Sharia law. These efforts are enhanced through innovations that allow mobile banking services or microfinancing solutions, reaching out even to marginalized groups by Islamic principles. Despite all these, the finding also shows that there are some challenges face by Islamic banking in various countries. The mean challenges faces are: Regulatory challenges, Interpretation of sharia law, Market Competitiveness, and Lack of Awareness. It is essential to have sharia interpretations and sound regulatory frameworks to enhance transparency and prevent malpractices. Furthermore, improving literacy and increasing access to technology is essential to help narrow the gap and ensure equal participation in financial sectors for inclusiveness. In this era of technological advancements, by addressing these challenges while leveraging the capabilities of instruments compliant with Shariah principles, Islamic investment products may drive sustainable inclusive finance.
subject: Articles
  topic: section
subject: Sharia Investment
  topic: keywords
subject: Sustainability and Inclusion
  topic: keywords
subject: Growth and Challenges
  topic: keywords
subject: Digital Innovation
  topic: keywords
creator: Mohammed Kenneh
rights: Copyright (c) 2024 http://creativecommons.org/licenses/by-sa/4.0
date: 2024-07-09
publication date: 2024-07-09
starting page: 1
ending page: 11
doi: 10.14421/bie.2024.031-01

Analysis of the Determinants of International Trade of Countries in The Asia-Pacific Economic Region (APEC)
type: item
description: International trade is the engine of growth for a country to increase its economic size. This study explores the determinants of trade flows between Asia-Pacific Economic Cooperation (APEC) member economies in the initial period of APEC formation in 1989 to 2020 using Newton's Universal Gravity theory approach. This study uses quantitative analysis method with the estimation technique used is Poisson Pseudo-Maximum Likelihood (PPML). This study uses ten independent variables: GDP of the home country and trading partner, geographical distance, population of the home country and trading partner, and several dummy variables including: common language, contiguous border, common colonial history, membership in the World Trade Organization (WTO), and regional trade agreement (RTA). The results show that trade flows between APEC economies are significantly influenced by GDP of home and trading partner countries, geographical distance, population of home and trading partner countries, and several dummy variables, including common language, contiguous borders, common colonial history, and membership in the WTO. Meanwhile, the Regional Trade Agreement (RTA) variable has no significant effect.
subject: Articles
  topic: section
subject: Trade Flows
  topic: keywords
subject: Gravity Model
  topic: keywords
subject: PPML
  topic: keywords
subject: APEC
  topic: keywords
creator: Muhamad Faiz Asnafi
creator: Miftakhul Choiri
rights: Copyright (c) 2024 http://creativecommons.org/licenses/by-sa/4.0
date: 2024-07-25
publication date: 2024-07-25
starting page: 21
ending page: 26
doi: 10.14421/bie.2024.031-03

Analysis of Fiscal and Monetary Policies on Investment and Capital Markets in Indonesia
type: item
description: Government investment is important to increase the rate of economic growth. Many benefits will be achieved if the investment made by the government is successful. From this discussion, we are interested in discussing government investment. The research method you use is qualitative with a regression analysis method to analyze the relationship between fiscal and monetary policy with investment and the capital market. The result of the discussion is that infrastructure investment is the most relevant thing that the government can invest in, because this investment is useful for encouraging economic growth, improving the quality of life, attracting private investment, can create jobs, and is the government's own responsibility for the development and welfare of the people.
subject: Articles
  topic: section
subject: Government Investment
  topic: keywords
subject: Infrastructure Investment
  topic: keywords
creator: Mohammad Fakhri Al-Farabi
creator: Mohammad Wisnu Fajar
creator: Liza tazkiyatin ni'mah
rights: Copyright (c) 2024 http://creativecommons.org/licenses/by-sa/4.0
date: 2024-07-25
publication date: 2024-07-25
starting page: 12
ending page: 20
doi: 10.14421/bie.2024.031-02

Prioritization of the Use of Individual Assets Based on the Ta’awun Economic Concept
type: item
description: Wealth is God's gift to mankind. In Islam, humans are given the right to own property, but in some parts there are parts that are the rights of other people. The exercise of these rights is regulated in the zakat mechanism, and as a vehicle for increasing charity, infaq and alms are also available. Islam wants the realization of an economic system where people have an awareness of each other that comes from enlightenment in terms of helping each other (ta'awun), mutually guaranteeing each other so that overall there is a socio-economic building that strengthens each other. With the ta'awun economic framework, every Muslim individual needs to have a pattern of using assets that maximizes the usefulness of these assets for the benefit of the people. Every asset must be productive and especially in the form of money it must flow. After expenditures in the nature of daruriyah and hajiyat have been paid, a Muslim's assets need to be used to drive the economy with the concept of ta'awun economics. We tried to formulate economic activity in two measurement parameters, readiness for material profit and loss, by producing four quadrants as follows: tijarah activity, tijarah and tabarru’, high risk tabarru’, and low risk tabarru’.
subject: Articles
  topic: section
subject: wealth
  topic: keywords
subject: islamic wealth
  topic: keywords
subject: islamic economics
  topic: keywords
subject: ta'awun economics
  topic: keywords
subject: ta'awun
  topic: keywords
creator: Luqmanulhakim Luqmanulhakim
rights: Copyright (c) 2024 http://creativecommons.org/licenses/by-sa/4.0
date: 2024-12-25
publication date: 2024-12-25
starting page: 42
ending page: 52
doi: 10.14421/bie.2024.031-05

The Influence of Foreign Direct Investment (FDI), International Tourism and Export Value on Economic Growth in Member Countries of the Organization of Islamic Cooperation (OIC) During 2010-2020
type: item
description: Studies the effect of FDI, international tourism, export on economic growth have various results. Therefore, this study aims to determine the effect of FDI, international tourism, and exports on economic growth in OIC member countries in the 2010-2020 period using the panel data regression method. The number of samples used in this study were 45 countries. Simultaneously, there is a significant influence between the variables of FDI, international tourism, and export value on economic growth in OIC member countries. While partially FDI shows negative and significant results. On the other hand, international tourism has a positive and significant effect and exports also have a positive and significant effect. This study is only limited to 11 periods and three independent variables. For future researchers, it is expected to develop the number of variables and can increase the observation time.
subject: Articles
  topic: section
subject: Economic Growth
  topic: keywords
subject: FDI
  topic: keywords
subject: International Tourism
  topic: keywords
subject: Exports
  topic: keywords
subject: OIC
  topic: keywords
subject: GDP
  topic: keywords
creator: Imazzuman Siddiqi
creator: Sunaryati
rights: Copyright (c) 2023 http://creativecommons.org/licenses/by-sa/4.0
date: 2023-12-15
publication date: 2023-12-15
starting page: 94
ending page: 104
doi: 10.14421/bie.2023.022-05

The Role of Digital Economy and International Trade on Ecnonomic Growth in Indonesia
type: item
description: In recent years, economic growth has shown fluctuating numbers, one of the consequences of which is Covid-19. The digital economy utilizes fintech technology such as p2p lending has a strategic role in economic growth activities moderated by export, import, and population variables. The data in this study uses Indonesian panel data from 2020 to 2022. The data analysis technique uses the Panel Data Regression method. Based on the results of the partial test of p2p lending has a negative and significant effect, exports have a positive but not significant effect, imports have a negative and insignificant effect and population has a positive and significant effect on economic growth. The results of the simultaneous test of all variables have a significant effect on economic growth.
subject: Articles
  topic: section
subject: Fintech
  topic: keywords
subject: P2P lending
  topic: keywords
subject: Export
  topic: keywords
subject: Import
  topic: keywords
subject: Population
  topic: keywords
subject: Economic growth
  topic: keywords
creator: M Zaenal Abid
rights: Copyright (c) 2023 http://creativecommons.org/licenses/by-sa/4.0
date: 2023-12-15
publication date: 2023-12-15
starting page: 58
ending page: 65
doi: 10.14421/bie.2023.022-02

Analysis of the Influence of Macroeconomic and Global Factors on the Composite Stock Price Index on the Indonesia Stock Exchange
type: item
description: Fluctuations in the movement of the Composite Stock Price Index are caused by the influence of macroeconomic and global factors. Looking at the inconsistencies in the results of previous research, the significance of the influence is still questionable. In this context, this study aims to analyze the Influence of Macroeconomic Factors with indicators of Inflation and Money Supply, as well as Global Factors with indicators of World Oil Prices with the Error Correction Model (ECM) approach. Using research observations from 2021-2023, it was found that the variables Inflation, Money Supply and World Oil Price have a long-term influence on the Composite Stock Price Index on the IDX, while in the short term, only the World Oil Price variable influences the Composite Stock Price Index on the JCI.
subject: Articles
  topic: section
subject: Composite stock price index
  topic: keywords
subject: inflation
  topic: keywords
subject: money supply
  topic: keywords
subject: world oil price
  topic: keywords
creator: Neysa Khairina Nur Said
rights: Copyright (c) 2023 http://creativecommons.org/licenses/by-sa/4.0
date: 2023-12-15
publication date: 2023-12-15
starting page: 77
ending page: 93
doi: 10.14421/bie.2023.022-04

The Effect of Islamic Finance on Economic Growth and Financial Stability: ASEAN-4 Case Study
type: item
description: This research aims to analyze the impact of Islamic finance (Islamic stock index and sharia banking assets) on economic growth and financial stability. The data utilized in this study are panel data from the ASEAN-4 countries during the period 2013-2022, employing panel data regression analysis with the Common Effect Model. The research findings indicate that simultaneously, the independent variables significantly affect economic growth and financial stability in the ASEAN-4 countries during the period 2013-2022. Partially, the Islamic stock index variable does not have a significant impact on economic growth but has a significant impact on financial stability. Meanwhile, the sharia banking assets variable significantly affects economic growth but does not significantly affect financial stability.
subject: Articles
  topic: section
subject: Economic Growth
  topic: keywords
subject: Financial Stability
  topic: keywords
subject: FSI
  topic: keywords
subject: GDP
  topic: keywords
subject: Islamic Finance
  topic: keywords
creator: Azianatud Dian Hanif
creator: Syafiq Mahmadah Hanafi
rights: Copyright (c) 2023 http://creativecommons.org/licenses/by-sa/4.0
date: 2023-06-15
publication date: 2023-06-15
starting page: 32
ending page: 44
doi: 10.14421/bie.2023.021-05

The Influence of Macroeconomic Variables on Inflation After Inflation Targeting Framework Implementation in Indonesia
type: item
description: The global economic crisis that occurred in 1997, which led to the collapse of the rupiah exchange rate and soaring inflation, made the country realize the importance of economic stability. The problem was then responded by Bank Indonesia by implementing the Inflation Targeting Framework policy. The focus of this study is to observe the inflation condition in Indonesia after the implementation of the Inflation Targeting Framework policy. The purpose of this study is to see the influence of macroeconomic variables such as Gross Domestic Product (GDP), Interest Rates, and Exchange Rates on Inflation in Indonesia. The method used is Vector Error Correction Model (VECM) analysis with the research period from 2005Q4-2021Q4. The results found that GDP and interest rates have a positive effect on inflation. While the Exchange Rate has a negative effect on inflation in Indonesia.
subject: Articles
  topic: section
subject: GDP
  topic: keywords
subject: Exchange Rate
  topic: keywords
subject: Interest Rate
  topic: keywords
subject: Inflation
  topic: keywords
creator: Muhammad Ariq Saifullah
rights: Copyright (c) 2023 http://creativecommons.org/licenses/by-sa/4.0
date: 2023-12-15
publication date: 2023-12-15
starting page: 65
ending page: 76
doi: 10.14421/bie.2023.022-03