QE Journal 2017 Publications
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Volume 06, Number 03, December 2017

Anhar Fauzan Priyono, Arief Bustamam

Abstract : Volatility of Indonesia Rupiah and Jakarta Composite Index remain one of main issues in Indonesia economy after 1997 Asian crisis. The objectives of this research are (1) determining the volatility of Indonesia Rupiah to US Dollar exchange rates and Jakarta Composite Index (JCI) and (2) analysing the dynamic volatility transmission between exchange rates and JCI. Exchange rate and JCI volatility were measured using GARCH(1,1) approach. Estimated using VAR model, this study found that current volatility of exchange rate (ER) respond significantly to the change of volatility of Jakarta Composite Index (JCI) in the previous 2 months. On the other hand, contribution of JCI volatility to ER is greater than ER volatility to JCI, supporting the portfolio balanced theory.

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Hastina Febriaty, Nurwani

Abstract : Poverty is a living condition that is in shortage experienced by a person or household so as not being able to meet the minimal or decent needs for his life. And poverty is a social problem that is always present in the midst of society. In this research discusses the influence of Gini Ratio, Per Capita GDP and Inflation Rate to Poverty Level in North Sumatera Province. The purpose of this research is to know the influence of Gini Ratio, PDRB / Kapita and Inflation rate to poverty level in North Sumatera province, partially and simultaneously, and the dominant influence variable to poverty level in North Sumatera Province. Sources of data used are secondary data taken from the Central Bureau of Statistics and Bank of Indonesia from 2001 to 2016.Teknik analysis used in this research is multiple linear regression analysis using e-views program 8.1 and perform testing classical assumptions and using hypothesis testing simultaneously (F) and partial (t). The results showed that partially Gini Ratio and PDRB / Kapita have negative and significant effect to poverty level in North Sumatera Province while inflation rate have positive and insignificant effect to poverty level in North Sumatera Province simultaneously Gini Ratio, PDRB Perkapita and inflation rate have significant effect of poverty level in North Sumatera Province

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Imas Komariyah

Abstract : This study aimed to analyze the effect of transformational leadership, organizational culture toward employee performance. Sampling in this study using a Stratified Random Sampling and the size of 92 respondents, methods of analysis use path Analysis. The results showed that based on the preception of respondents, the overall variable transformotional leadership in the category quite well toward good, look that variable tranformational leadership (X1) has a direct amount to 13,62%, indirect effect throught its realtionship culture organization (X2) amount to 11,30, and total the effect 24,92%. Culture organitation has a direct amount to 29,38%, indirect effect throught its relationship tranformational leadership 11,30% and total the effect 40,68%. The coefecient of determination calculation result is equal to 65,59%. The result of reseach concludes that there are partially and stimultaneously significant effect of transformational leadership variable, organizational culture toward employee performance

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Muhamad Toyib Daulay

Abstract : This research has the goal of providing input to economic divesifikasi models which are the most consistent in increasing economic value and decrease poverty in the district town expansion North Sumatra Province. Provide input model Sustaianble Development Goals (SDGs) are the most supportive in the increase in economic value and alleviating poverty in the county town expansion North Sumatra Province. Prove empirically the performance of the economy which interact strongly supported the decline in poverty in the county town of the expansion in North Sumatra Province. This research uses 16 sample extraction area in North Sumatra. The first model of poverty alleviation through diversified value-added business community in meeting the needs of the community's life while the second model to determine what variables as policy recommendations for alleviating poverty in the County the expansion North Sumatra Province. The first model requires primary data while the second model requires data skunder time series starting in 2000 up to 2013. data analysis using two models, namely Structural Equation Models (SEM) and Vector Autoregression (VAR). Results of the study and this analysis gives an overview and prove the real poverty mapping in areas of expansion, poverty reduction actions based on the poverty mapping, control variables are very urgent in affects poverty, and controlling poverty continuously

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Sofyardi, Renny Maisyarah

Abstract : With the ever-increasing number of people and the labor force on the one hand, and the limited employment opportunities on the other hand have resulted in an imbalance between supply and labor demand. If this problem is not resolved successfully, it can have adverse impacts in the social, economic, political, and security fields. The handling of employment issues can only be successful if based on good manpower planning. Therefore, the immediate problem faced is how to find the right balance between the growth of the labor force and the employment opportunities in the development process. It is therefore necessary to projection the provision of manpower in relation to the business of creating employment opportunities in the future.

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Volume 06, Number 02, July 2017

Yana Raudhatul Jannah, Setyo Tri Wahyudi

Abstract : Financial inclusion programs in Asia began to intensify with focus on improving public access, especially those who have not yet enjoyed banking services. This makes financial inclusion one of the focuses of development in the financial sector in various countries, especially ASEAN, as a sound financial system can promote economic growth. This study aims to see the comparison of financial inclusion rates and see the effect of socio-economic variables on financial inclusion in ASEAN countries 2010-2015. In order to see the comparison of inclusion level of finance in each ASEAN country, the Index of Financial Inclusion (IFI) method was developed by Sarma (2008), while to examine the relationship between socio-economic variables to financial inclusion, the Ordinary Least Square (OLS) method was used estimation techniques in the Random Effects Model approach. The results show that in general, financial inclusion in ASEAN countries is mainly influenced by the dimension of a disorder. In addition, only per-capita GDP variables are not significant partially. While other variables, namely population over 15 years, unemployment rate, and the number of people in rural areas have a significant influence on index of financial inclusion.

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M. Nasir

Abstract : Deli Serdang area surrounds the capital of North Sumatra Medan, there are industrial concentration of industrial concentration in Sunggal sub-district, Tanjung Morawa sub district, Percut Sei Tuan sub-district, on the other side of industry sector contribute greatly to society prosperity level of Deli Serdang which is 32,12%. The problem is how much influence the industrial sector has on the economic growth in Deli Serdang. The purpose of this study to determine the magnitude of the influence of industrial sector on economic growth Deli Serdang. The industrial sector has a value of LQ> 1 means the industrial sector is a leading sector for Deli Serdang. To know the magnitude of industrial sector influence on the economic growth, linear regression model is used. This study uses time series data from 1993-2015 taken from BPS North Sumatra. The result of analysis shows that 15% of economic growth variation can be explained by industry sector while 85% is explained by other independent variable which is not included in research model. The value of these negative constants shows that without the leading sector of the industry the economic growth in deli serdang decreases. The estimation result of Deli Serdang's economic growth function is influenced by the industry's leading sectors having a positive and significant influence with 95% confidence level.

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Yunita Firdha Kyswantoro

Abstract : Poverty is one of the goals of the concept of sustainable development. Sustainable Development itself has many indicators such as economic, social, cultural, environment, etc. But in this study, the authors take only a few factors from an economic point of view. Economic growth, open unemployment rate, regional imbalance rate and human development index are some factors that are considered to describe poverty level in East Java Province. This research uses Fixed Effect (FEM) model panel data regression in 38 regencies/cities in East Java Province in 2011-2015. The results of this study indicate that the variables of economic growth and open unemployment variables have no significant effect in describing the level of poverty in East Java. While the variable level of regional imbalance and variable of HDI have the significant effect on poverty in East Java. Therefore, to achieve sustainable development goals (SDGs), the reduction of poverty in various regions requires a balance of social and economic, not only through the increase of high economic growth but must be accompanied with equitable distribution of income distribution so that the level of regional inequality is smaller and by improving the quality of resources human beings through Human Development Index (HDI) in each region.

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Joko Suharianto, Muhammad Yusuf

Abstract : The purpose of this research is to analyze the influence of grain producer price, corn producer price, rice harvested area and grain producer price of the previous year to rice supply in North Sumatera province simultaneously and partially. The analysis model used multiple linear regression analysis using secondary data in 1985 s.d. 2015 sourced from BPS North Sumatra. The results of this study partially explain that the price of rice producers and the area of rice harvest has a positive and significant effect; the price of corn producers has a negative and significant effect; and the previous year's grain price had a positive effect on rice supply in North Sumatera Province. While simultaneously there is the significant influence of rice producer price, corn producer price, rice harvested area, and price of rice producer of the previous year to rice supply in North Sumatera Province with determination coefficient equal to 91,63 percent. The most dominant variable affecting rice supply in North Sumatera province is the area of rice harvesting area.

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Noor Zuhdiyaty

Abstract : Revenue, competitiveness and human development are important in supporting a country's economic development. This study aims to examine the relationship between income, competitiveness and human development in Southeast Asia during the period of five years from 2010-2014. This research uses quantitative approach with correlation test. This study was conducted on 8 (eight) countries in Southeast Asia. The results show that there is a relationship between income, competitiveness and human development, where competitiveness and human development have a strong relationship that is very strong compared to others.

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Volume 06, Number 01, March 2017

Wawan Hermawan

Abstract : Economic development is measured by economic growth. Improving the economy can improve the quality of life in society, so a lot of effort from the government to stimulate the economy to grow better. The positive growth of economy has an impact on the environmental quality of life such as degradation of quality of air, water and land. The government allocates some funds to maintain the quality of the environment by the central budget allocation for environmental functions. The purpose of this study is to measure the impact of the budget allocation for the function of the environment to economic growth. The model used to achieve the purpose of the study is the regression of total government spending to economic growth. To bridge from the expenditure function of the environment against government spending and economic growth model is used Growth Accounting Model. Results of regression calculations and simulations using Growth Accounting, shows expenditures for environmental function has the effect to increase the economic growth of 0.01% if no additional growth in the rest of expenditures for environmental functions by 10% ceteris paribus.

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Eva Yudika Sembiring, Al Muizzuddin Fazaalloh

Abstract : This study was aimed to see the effects of of monetary policy on Infobank15 index return listed on the Indonesia Stock Exchange. Monetary policy variables is proxied through BI rate, followed by inflation and exchange rate, as well as the Dow Jones index as a control variable. The method of data analysis was multiple regression analysis using secondary data from November 2012 to February 2016. The results showed that the BI rate, inflation, exchange rate, and the Dow Jones index significantly take effect to on Infobank15 index return. The coefficient of determination equals to 0.73 which means that 73% of Infobank15 index returns can be explained by BI Rate, Inflation, exchange rate, and the Dow Jones Index while the rest (27%) is explained by other variables outside of the regression model.

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Anhar Fauzan Priyono, Arief Bustaman

Abstract : Financial system stability is necessary to ensure a sustainable economic development. It undertakes 3 major functions: (i) payment system, (ii) financial intermediation, and (iii) managing risk. Data showed that the Indonesian economy experienced a negative correction in the event of financial instability, e.g bank panic in 1992, Asian financial crisis (1997), and Sub-prime mortgage crisis (2008). Therefore, it is necessary in having a method of financial stability index measurement, which in turn can be used to predict the direction of future financial stability. This research was conducted in order to provide an option in calculating the index of financial stability of Indonesia by two methods, namely Aggregation with Variance Equal Weight with Principal Component Analysis (PCA). The results show that the trend of Indonesian financial stability index which constructed through these two techniques have similar trend with a different magnitude. PCA method was employed in making reductions on variable dimensions without losing the information on the movement of the variable’s variation. There are four sectors to be included in the index. Those four sectors are banking sector, money market sector, capital market sector, and monetary sector. We found that the contribution of the financial performance of banks in Indonesia and the interest rate is the highest among other sector to the Indonesia financial stability.

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Ilham Mirzaya Putra, Erlina, Rujiman

Abstract : The objectives of this research were to determine: 1) the interest of young entrepreneurs in the district of Percut Sei Tuan, Deli Serdang Regency. 2) the influence of youth personalities, environment, and demography towards the interest of youth Entrepreneurship in the district of Percut Sei Tuan, Deli Serdang regency. Techniques used in the sampling was Franc Lynch. Research samples were taken from the youth in the district of Percut Sei Tuan aged from 18-30 years old, with 96 respondents obtained randomly. Data collection techniques used was primary, using questionnaires and a Likert scale on each question. The research method used was a survey. While for the data analysis technique a descriptive test and multiple linear regression were used. The result of this research revealed that: 1) Interest entrepreneurial youths in the district of Percut Sei Tuan in Deli Serdang area is very positive 2) Self efficacy, Achievement Needs, Availability Information, Networking, Access to Capital, and Demographics positively related to interest youth entrepreneurship in the district Percut Sei Tuan, Deli Serdang Regency. 3) Self efficacy, Achievement Needs, Availability Information, Networking, Access to Capital, and Demographics simultaneously significant effect on variable interest in youth entrepreneurship in the district Percut Sei Tuan, Deli Serdang Regency 4) Self efficacy, Achievement Needs, Availability Information, Networking, and Access to Capital partially no significant effect on variable interest in youth entrepreneurship in the district Percut Sei Tuan, Deli Serdang Regency. 5) Demographics partially have significant effect on variable of variable interest in youth entrepreneurship in the district Percut Sei Tuan, Deli Serdang Regency.

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Wahyu Ika Kusuma Ningrum, David Kaluge

Abstract : This study aimed to test whether the effect of Total Assets, Net Income (Net Revenue), Inflation, and the BI Rate to shares in companies isted on the Stock Exchage in 2005-2014. Another purpose of this study was to see if there is a significant influence on the movement of stock prices BEI manufacturing company to Total Assets, Net Income (Net Revenue), Inflation, and the BI Rate. This research sample is manufacturing companies listed on the Stock Exchange in 2005-2014 and selected by random sampling method. Data used is panel data by type of secondary data collected by the method of documentation. Hypothesis testing was conducted using multiple regression analysis as seen from the R-squared with Eviews program. The results of this study indicate that the Total Assets, Net Income (Net Revenue), Inflation, have a significant influence on stocks. While the BI Rate has a significant influence on stock price. This research contributes to the development of capital markets, especially related to stock price.

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