https://jurnal.stiekn.ac.id/index.php/splashmagz/issue/feed Splash Magz 2023-08-20T08:27:24+00:00 Open Journal Systems <p>SPLASH MAGZ is a monthly magazine about social science and lifestyle. SPLASH MAGZ published and distributed internationally in 78 countries on 4 continents (Asia, Europe, America, Africa) by PT. Frost Yunior with a print on demand system.</p> https://jurnal.stiekn.ac.id/index.php/splashmagz/article/view/413 The Influence of Inflation and Unemployment on the Indonesian Economy: VAR Approach 2023-08-20T07:09:20+00:00 Erlen Berliantina Kusumasari Erlenberliantinakusumasari@gmail.com Bambang Hadi Prabowo bambanghadiprabowo@gmail.com Yusuf Iskandar Yusufiskandar@gmail.com <p>This paper will examine the effect of inflation on economic growth, as well as its impact <br>on the unemployment rate Indonesia Country. The research data was obtained from <br>World Bank sources and measured the period 1997-2020. We use inflation, GDP and <br>unemployment as research variables. Furthermore, the data will be tested and analyzed <br>using the Vector Autoregressive (VAR) model. We find that inflation in the past had an <br>influence and impact on current economic growth. The increase in inflation tends to <br>reduce and hinder the country's economic growth. In addition, the historical inflation rate <br>has a detrimental effect on the current unemployment rate. On the other hand, the <br>historical unemployment rate and current GDP economic growth have an interesting link. <br>However, since they are inversely correlated, GDP growth has a negative effect on the <br>unemployment rate, causing a decline in the current rate of unemployment to occur after <br>an increase in past growth. Along with reducing inflation, supportive policies for <br>economic growth must be taken into account by policymakers. Additionally, Indonesia's <br>unemployment rate will be minimized and decreased with maximal economic <br>development.</p> 2023-03-06T00:00:00+00:00 Copyright (c) 2023 https://jurnal.stiekn.ac.id/index.php/splashmagz/article/view/414 The Correlation Role of Carbon Emissions and Renewable Energy and Their Impact on Economic Growth in Indonesia 2023-08-20T07:30:42+00:00 Adrid Ascarya Mugand Adridascaryamugand@gmail.com Eny Lestari Widarni enylestariwidarni@stiekn.ac.id Rachmad Santoso Rachmadsantoso@gmail.com <p>Carbon emissions and renewable energy use will be evaluated to see how they affect <br>Indonesia's GDP development. For this study, we rely on information from the World <br>Bank that covers the years 1991 through 2020. Researchers employ carbon dioxide <br>(CO2) emissions, renewable energy (RE) consumption, and GDP as independent <br>variables. Vector autoregressive (VAR) analysis was performed on these variables. As a <br>result of higher emissions in the past, the trend of carbon emissions is currently upward. <br>Consumption of renewable energy sources, on the other hand, has contributed to <br>economic expansion in the past. If there is a positive association, it will aid in the creation <br>of a sustainable economy. The continued growth of renewable energy is something that <br>should be encouraged through regulations that promote its use. Direct investment is one <br>example of a macroeconomic policy that has to be supported and harmonised with energy <br>efficiency programmes to ensure both economic development and environmental <br>sustainability.</p> 2023-03-06T00:00:00+00:00 Copyright (c) 2023 https://jurnal.stiekn.ac.id/index.php/splashmagz/article/view/415 Education and Economic Growth and the Role in Controlling Unemployment in Indonesia 2023-08-20T07:34:50+00:00 Gusni Ariansyah Gusniariansyah@gmail.com Bambang Hadi Prabowo bambanghadiprabowo@gmail.com Askar Askar@gmail.com <p>The purpose of this research is to find and analyse the relationship between education <br>and unemployment in Indonesia. This analysis makes use of World Bank information for <br>the years 1996-2020. The GDP, the unemployment rate, and the level of education are <br>used as independent variables. The VECM (Vector Error Correction Model) was used <br>for the testing. The findings indicate that a rise in educational attainment is inversely <br>related to the unemployment rate. Unemployment rates tend to fall as the economy <br>expands. The unemployment rate in Indonesia can be lowered if the country's education <br>system is strengthened. The Indonesian government, as a policymaker, must provide <br>educational opportunities for all citizens of the country. The policies for long-term <br>economic growth will benefit from this. As a result, this will serve to moderate and <br>ultimately lower Indonesia's high unemployment rate.</p> 2023-03-06T00:00:00+00:00 Copyright (c) 2023 https://jurnal.stiekn.ac.id/index.php/splashmagz/article/view/416 Education, GDP and Their Role in Poverty in Indonesia: VECM Analysis 2023-08-20T07:39:44+00:00 Hardy Dharmawan Prayogo Hardydharmawanprayogo@gmail.com Bambang Hadi Prabowo bambanghadiprabowo@gmail.com Budi Sasongko budisasongko@gmail.com <p>The purpose of this investigation was to examine how progress in education and the <br>economy have affected poverty levels in Indonesia. For Indonesia, we utilise World Bank <br>information for the years 2000-2019. The levels of poverty and education are used as <br>independent variables. Additionally, Vector AutoRegressive (VAR) is used in the testing <br>process. The data indicated that higher levels of education correlate with lower rates of <br>joblessness. In addition, there is a link between higher levels of education and economic <br>development in Indonesia. The current high poverty rate in Indonesia is a consequence <br>of earlier low poverty rates. The quality of education is a key indicator of economic <br>development in Indonesia, thus policymakers should develop effective plans and <br>programmes to that end. The poverty rate in Indonesia will decrease thanks to this <br>programme.</p> 2023-03-06T00:00:00+00:00 Copyright (c) 2023 https://jurnal.stiekn.ac.id/index.php/splashmagz/article/view/417 The Impact of Health Spending on CO2 Emissions and Economic Growth in Indonesia: A VECM Analysis 2023-08-20T07:43:22+00:00 Siti Yasikah Sitiyasikah@gmail.com Sri Harnani sriharnani@stiken.ac.id Cahya Budhi Irawan cahyabudhiirawan@gmail.com <p>The study's overarching objective is to examine the impact of healthcare expenditures on <br>carbon emissions as a means of bolstering Indonesia's economy. The World Bank was <br>consulted for its database covering the years 2000-2019 in Indonesia. Current health <br>expenditure, carbon emissions, and gross domestic product are the variables that will be <br>put through the VECM test. Previous Health spending was associated with lower levels <br>of carbon emissions. The opposite is true for carbon emissions, which rise as GDP rises. <br>The health budget in Indonesia is positively correlated with the country's GDP. <br>Policymakers in Indonesia can have a favourable effect on the country's economic growth <br>by prioritising the increased allocation of expenditure on quality health care. In addition, <br>the correlation between current healthcare expenditures and CO2 emissions only goes in <br>one direction. The reason for this is that although emissions have no influence on health <br>care costs, the opposite is true.</p> 2023-03-06T00:00:00+00:00 Copyright (c) 2023 https://jurnal.stiekn.ac.id/index.php/splashmagz/article/view/418 How Inflation and Carbon Emissions Influence Renewable Energy in Indonesia: Evidence from VECM 2023-08-20T07:47:50+00:00 Nugroho Guntur S NugrohogunturS@gmail.com Bambang Hadi Prabowo bambanghadiprabowo@gmail.com Refina Sawitri Refinasawitri@gmail.com <p>The purpose of this investigation was to examine how rising prices and carbon emissions <br>affect the spread of renewable energy sources in Indonesia. The range of 1997-2020 was <br>derived using data collected from the World Bank. Inflation, carbon emissions, and <br>renewable energy sources are the independent variables put through the VECM's paces. <br>Based on the findings of this research, it can be concluded that higher rates of inflation <br>in the past have contributed to a rise in Indonesia's carbon emissions. But a positive <br>connection and link between REN and INF exists, and it's a fascinating one to consider. <br>Carbon emissions and renewable energy, on the other hand, cancel each other out. When <br>emissions of carbon dioxide rise, renewable energy sources suffer, and vice versa. There <br>needs to be a greater push from policymakers to rein in inflation. Carbon emissions can <br>be mitigated by the implementation of renewable energy sources.</p> 2023-03-06T00:00:00+00:00 Copyright (c) 2023 https://jurnal.stiekn.ac.id/index.php/splashmagz/article/view/419 Exports, FDI, and Inflation in Indonesia: A Dynamic Relationship 2023-08-20T07:59:30+00:00 Romadhona Kisno S RomadhonakisnoS@gmail.com Sri Harnani sriharnani@stiken.ac.id Yenni Fayanni Yennifayanni@gmail.com <p>The purpose of this study was to examine exports and FDI's impact on inflation in <br>Indonesia through testing and analysis. The information utilised in this analysis was <br>collected from the World Bank from 1997 to 2020. In this analysis, we employ Vector <br>AutoReggressive (VAR) to examine the relationships between exports, FDI, and <br>inflation. This research found that previous Indonesian exports influenced FDI in a <br>favourable way. However, there is a positive correlation between rising exports and rising <br>inflation. High inflation in the past contributed to the current inflation. The rise in exports <br>that transpired was aided by inflation. However, rising prices would have a chilling effect <br>for FDI. Thus, policymakers need to devise a plan to circumvent inflation regulation. In <br>addition, a strategic plan is implemented to increase exports and FDI. The Indonesian <br>government, however, confronts difficulties in expanding FDI and exports without <br>spiking inflation.</p> 2023-03-06T00:00:00+00:00 Copyright (c) 2023 https://jurnal.stiekn.ac.id/index.php/splashmagz/article/view/420 The Effects of Migration and Remittances on Economic Development in Egypt 2023-08-20T08:06:14+00:00 Ima Kusdiana Kurniasari Imakusdianakurniasari@gmail.com Sri Harnani sriharnani@stiken.ac.id Cahya Budhi Irawan cahyabudhiirawan@gmail.com <p>This piece delves at how migration and remittances have affected economic growth in <br>Egypt, a large nation in North Africa and the Middle East with a rich history of both. <br>According to the World Bank figures used in this article, in 2020 Egypt received an <br>anticipated $29.6 billion in remittances, which is equal to 8% of its GDP. The article also <br>summarises the research on how migration and remittances have helped or hurt the <br>economies of countries of origin in terms of poverty reduction, human capital <br>development, and overall economic growth. To further evaluate the impact of PR on FDI, <br>IT, and the article itself, the authors employ a vector autoregression (VAR) model. A <br>positive and substantial effect of PR on PR is found, as is a negative and significant effect <br>of PR on FDI, but no significant effect of PR on IT is found. The essay concludes that <br>policymakers in Egypt should take a balanced and context-specific approach to <br>maximising the advantages and minimising the costs of migration and remittances due to <br>their complicated and varied effects on economic growth.</p> 2023-03-06T00:00:00+00:00 Copyright (c) 2023 https://jurnal.stiekn.ac.id/index.php/splashmagz/article/view/421 The Role of Institutions in Economic Development in Hong Kong 2023-08-20T08:12:53+00:00 Prasetyo Utomo Prasetyoutomo@gmail.com Ema Sulisnaningrum Emasulisnaningrum@gmail.com Muhammad Buswari Muhammadbuswari@stiekn.ac.id <p>This article uses Hong Kong as a case study to analyse the impact of institutions on <br>economic growth. The Chinese territory of Hong Kong is a special administrative area <br>with its own government and a free market economy. Since it went from being a modest <br>fishing town to a worldwide financial and commerce centre in less than a century, Hong <br>Kong is often held up as an exemplary model of economic growth. The rule of law, <br>government, and economic climate in Hong Kong are all examples of the city's renowned <br>institutional excellence. This article summarises research on the notion, categorization, <br>and effect of institutions on economic growth from both a theoretical and empirical <br>perspective. To further evaluate the impact of government spending (GG) on government <br>financial condition (GFC), regional development expenditure (RDE), and itself, a vector <br>autoregression (VAR) model is employed in this paper. The article concludes that GG <br>significantly affects itself and GFC positively, but has a negative effect on RDE. <br>According to the article's findings, Hong Kong's institutions are very influential in the <br>city's economic results and performance, and policymakers should take a nuanced, <br>context-aware approach to enhancing their quality and efficacy.</p> 2023-03-06T00:00:00+00:00 Copyright (c) 2023 https://jurnal.stiekn.ac.id/index.php/splashmagz/article/view/422 The Impact of Trade liberalization on Economic Growth in Indonesia 2023-08-20T08:16:31+00:00 Awaludin Awaludin@gmail.com Diah Rusminingsih diahrusminingsih@gmail.com Nuri Maulana Ikhsan NuriMaulanaIkhsan@gmail.com <p>Using a vector autoregression (VAR) model, this article explores how trade liberalisation <br>has affected GDP growth in Indonesia. Tariffs, quotas, subsidies, rules, and standards are <br>all examples of trade barriers that may be loosened or eliminated through the <br>liberalisation of trade. When trade restrictions are lifted, economies flourish and people's <br>incomes are more evenly distributed. However, the size and direction of these impacts <br>are contingent on a number of variables, including the starting conditions, the depth and <br>velocity of liberalisation, the supplementary policies, and the external environment. So, <br>the results of trade liberalisation are neither simple or consistent, but rather variable and <br>diverse. Both positive and negative outcomes associated with trade liberalisation on GDP <br>growth and income distribution are discussed in this article. The impact of government <br>expenditure (GG) on trade openness (Tr), the poverty headcount ratio (PHR), and the <br>article itself is estimated using a VAR model. According to the data presented here, GG <br>has no noticeable effect on itself or Tr but a notable and beneficial effect on PHR. The <br>article concludes that trade liberalisation affects economic growth and income <br>distribution in Indonesia in complex and heterogeneous ways, and that policymakers <br>should take a holistic and context-specific approach to designing and implementing trade <br>policies that can maximise the benefits and minimise the costs of trade liberalisation.</p> 2023-03-06T00:00:00+00:00 Copyright (c) 2023 https://jurnal.stiekn.ac.id/index.php/splashmagz/article/view/423 The Impact of Air Pollution, Health, Productivity on Welfare in Indonesia 2023-08-20T08:22:50+00:00 Nuri Maulana Ikhsan NuriMaulanaIkhsan@gmail.com Sri Harnani sriharnani@stiken.ac.id Eddy Priyanto eddypriyanto@gmail.com <p>This article examines the impact of air pollution on health, productivity, and welfare in <br>Indonesia, using a vector autoregression (VAR) model. Air pollution can cause various <br>diseases and deaths, reduce labor supply and output, increase health care costs, and lower <br>quality of life. Indonesia is one of the developing countries that suffers from high levels <br>of air pollution, especially in urban areas. The main sources of air pollution in Indonesia <br>are forest fires, transportation, industry, power generation, and household burning. The <br>article reviews the current evidence on the health, productivity, and welfare effects of air <br>pollution in developing countries. The article also applies a VAR model to estimate the <br>effect of government consumption expenditure (GCG) on PM2.5 concentration (REC), <br>labor force participation rate (LFP), and health expenditure per capita (CHE). The article <br>finds that GCG has a negative and significant impact on itself, no significant impact on <br>LFP, and positive and significant impacts on REC and CHE. The article concludes that <br>air pollution has complex and heterogeneous effects on health, productivity, and welfare <br>in Indonesia, and that policy makers should adopt a comprehensive and context-specific <br>approach to reduce air pollution levels and protect vulnerable populations.</p> 2023-03-06T00:00:00+00:00 Copyright (c) 2023 https://jurnal.stiekn.ac.id/index.php/splashmagz/article/view/424 The Challenges and Opportunities of Digital Transformation and E-Commerce in Europe & Central Asia 2023-08-20T08:27:24+00:00 Sigid Bayu Sudarmaji Sigidbayusudarmaji@gmail.com Sri Harnani sriharnani@stiken.ac.id Nehruddin Nehruddin@gmail.com <p>This paper explores the opportunities and challenges of digital transformation and e-commerce <br>for small and medium enterprises (SMEs) in Europe and Central Asia (ECA). The paper <br>reviews the literature on the benefits and barriers of digital technologies and e-commerce <br>platforms for SMEs, and analyzes the data from a cross-sectional survey of 1,000 SMEs in <br>ECA. The paper uses a vector autoregression (VAR) model to examine the causal relationships <br>between customer-based strategy (CBS), e-commerce adoption, and SME performance <br>indicators. The paper finds that digital transformation and e-commerce have positive effects on <br>SMEs’ sales growth, profitability, productivity, and innovation. However, the paper also <br>identifies several challenges that hinder SMEs’ digital transformation and e-commerce, such <br>as high costs, security risks, regulatory barriers, skills gaps, and competitive pressures. The <br>paper suggests some policy recommendations to support SMEs’ digital transformation and ecommerce in ECA, such as providing financial incentives, enhancing cyber security, <br>harmonizing regulations, developing digital skills, and fostering collaboration.</p> 2023-03-06T00:00:00+00:00 Copyright (c) 2023