Browsing by Author "Rizky Wisnoentoro"

Now showing 1 - 4 of 4
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    Natural shocks, economic risks, health and social risks impact on food security in Indonesia
    (Universitas Islam Internasional Indonesia, 2024) Melani Sukma Yuridis; Rizky Wisnoentoro; Rima Prama Artha
    This study aims to elucidate the evolution of food security in Indonesia from 2017 to 2022 and to ascertain the impact of natural shocks (meteorological, hydrological, geophysical, climatological hazards), economic risks (inflation, GDP per capita, trade, and savings), as well as health risks and social risks (biological hazards) on food security during this period. In order to achieve the aforementioned objectives, this study employs descriptive analysis and panel data regression techniques. It is regrettable that the results demonstrate that only La Niña and El Niño, in addition to trade, exert a considerable influence on food security. As extreme climate phenomena, La Niña and El Niño exert a considerable influence on rainfall and temperature patterns, which in turn impact food production and availability. The results indicate that increased trade can help reduce food insecurity by redirecting surpluses from production areas to less well-off areas. The variables representing disasters, including natural shocks (meteorological, hydrological, geophysical, climatological) as well as health and social risks (biological hazards), do not exert a significant effect. This is due to the fact that the model may be unable to adequately capture the specific conditions of the number of disaster events, which can vary considerably depending on the type of disaster or the region in question. Furthermore, the economic variables of inflation, GDP per capita, and savings have no significant impact, as the model has been unable to adequately capture the fluctuating economic conditions of Indonesia during the data year under study.
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    The impact of digital infrastructure on the employment rate in ASEAN
    (Universitas Islam Internasional Indonesia, 2024) Shellvy Lukito; Dian Masyita; Rizky Wisnoentoro
    Neglecting the exponential expansion of digital infrastructure in ASEAN is impossible. This study investigates digital infrastructure's influence on the employment rate in ASEAN, where Singapore and Timor Leste are regarded as outliers. The variables that are being measured are as follows: fixed broadband subscriptions, fixed telephone subscriptions, internet usage, mobile cellular subscriptions, secondary school enrolment, GDP per employed person, inflation, GDP deflator, and employment to population ratio. The quantitative technique employed is panel regression data analysis, which is conducted using the Stata 17.0 application. this study employs the Heteroscedastic Panels Corrected Standard Errors (HPCSE) method to address the issue of heteroscedasticity in panel data. Additionally, the study utilizes the Feasible Generalized Least Squares (FGLS) approach in regression to obtain parameter estimates that are both efficient and consistent. This study reveals that Fixed broadband subscriptions positively affect the employment rate with a coefficient of 0.5211926 and a p-value of 0.000. Mobile cellular subscriptions also have a coefficient of 0.0359148 and a p-value of 0.064. However, GDP per person employed has a negative coefficient of -3.039084 and a p-value of 0.005. The findings of this study suggest that digital infrastructure is essential for developing job opportunities. Policies that prioritize the development of broadband and cellular access and consider the influence of productivity on the labor market can assist in developing strategies to increase work participation.
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    The impact of tourism development on CO2 emissions : evidence from ASEAN economies
    (Universitas Islam Internasional Indonesia, 2024) Arif Rahman; Rizky Wisnoentoro; Dionisius Ardiyanto Narjoko
    For several decades, the tourism sector has played a pivotal role in driving economic growth across ASEAN economies. However, the sector now faces significant challenges due to its vulnerability to climate change. This study investigates the correlation between the growth of the tourism industry and CO2 emissions in ASEAN countries from 2010 to 2019. Utilizing a random effects model, we analyse the impact of tourism on CO2 emissions, a key contributor to climate change. The results indicate that sustainable tourism practices, such as ecotourism, sustainable tourism and cultural tourism, can significantly reduce CO2 emissions by promoting biodiversity and preserving natural beauty. Furthermore, the study finds a positive correlation between real GDP per capita, energy intensity, and carbon emissions. The regression results confirm that international tourists prefer less-polluting destinations with efficient infrastructure, indicating a strong attraction to environmentally friendly travel options in ASEAN economies. This preference has significant implications for sustainable tourism development in ASEAN economies. Policy recommendations include pursuing sustainable, eco-friendly tourism through comprehensive and integrated sustainable tourism policies. These policies should focus on maintaining environmental quality, promoting green infrastructure, adopting clean technologies, and preserving forests to attract foreign tourists while minimizing environmental impact. Ultimately, integrated sustainable tourism policies will position ASEAN as a leading sustainable and eco-friendly destination, fostering both economic growth and environmental stewardship. By implementing these recommendations, ASEAN countries can balance economic development with environmental sustainability, contributing to the global effort against climate change.
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    The nexus of ESG score and stock return : evidence from the LQ45 index
    (Universitas Pasundan, 2024-12-31) Syamsi Mustofa Singgih Prayogo; Rizky Wisnoentoro
    The objective of this study is to examine the relationship between Environmental, Social, and Governance (ESG) aspects and the return on stock performance in Indonesia. An exhaustive examination of the data from the Indonesian stock market LQ45 Index is undertaken to determine the firms that give priority to environmental, social, and governance (ESG) policies. The study utilizes a quantitative methodology, employing cross-sectional dependency test with the sample of 45 blue chip firms. Breusch-Godfrey Serial Correlation LM Test and Heteroscedasticity Test were used in the research. This study enhances the current body of literature by offering empirical proof about the influence of ESG score on stock returns, particularly within the framework of the LQ45 index. The results will underscore the importance of ESG considerations for investors and stress the possible financial advantages of integrating ESG elements into investing strategies. This study contributes to the expanding pool of information on sustainable investment and its ramifications for financial markets.