3 Faculty of Economics and Business

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Open Access
A Bibliometric analysis of green sukuk literature
(Center for Islamic Economics Studies and Development, Faculty of Business and Economics, Universitas Islam Indonesia, 2024-09-12) Syamsi Mustofa Singgih Prayogo; Aji Raditya; Sarea, Adel
Purpose – The objective of this study is to provide a comprehensive analysis of the current body of literature on green sukuk. Methodology – To achieve this objective, this study uses a bibliometric analysis and visualization and mapping of green sukuk research from to 2015-2023. The process of retrieving data through the Scopus database with the keywords "green sukuk" OR "global green sukuk" OR "retail green sukuk" OR "project based green sukuk.” Findings – The findings included the identification of the most pertinent journals, highly cited articles, prominent authors, nations with prolific publishing in green sukuk, top research affiliations, and journal quality. The study also highlights the fundamental factors that contribute to the emergence of green sukuk, such as the incorporation of Islamic finance principles, adherence to green bond standards, emphasis on sustainability, implementation of environmental, social, and governance (ESG) principles, and the desire of investors to buy such instruments. Implications – This study examines the effects of government policies on the issuance of green sukuk to support all 2030 Sustainable Development Goals (SDGs) programs, particularly in mitigating and preventing the negative effects of climate change. Furthermore, it examines the potential consequences for future studies, as other scholars can use the discoveries of this analysis to investigate new research prospects concerning the correlation between green sukuk and sustainable development goals (SDGs). Originality – The analysis provides insights into the evolution of green sukuk, identifies gaps in current research, and highlights emerging areas of interest.
Open Access
A bibliometric analysis of sukuk using vosviewer in Indonesia with publish or perish (pop)
(Department of Islamic Economics, IPB University, 2024-06-27) Shellvy Lukito; Egi Arvian Firmansyah
The subject matter of sukuk has elicited increasing attention from both academic researchers and professionals within the industry. The employment of sukuk financing is effectively facilitating the progression of economic growth. The primary objective of this research endeavor is to integrate mapping analysis techniques with the utilization of VOSviewer software to conduct a comprehensive bibliometric analysis of scholarly literature pertaining to sukuk. The acquisition of research data is facilitated through the utilization of the Publish or Perish (PoP) application. The data collected has been derived from an examination of search outcomes pertaining to the keyword "sukuk" obtained from scholarly journals indexed by Google Scholar. A total of 997 articles, spanning the period from 2018 to 2022, have been identified in the present study. Based on the research findings, it has been observed that there has been a consistent upward trend in the number of studies conducted over the period 2018 to 2022. Islamic bonds, commonly referred to as sukuk, play a pivotal role in facilitating and propelling this expansion. The present study showcases the significance of bibliometric analysis in furnishing analytical data about occurrences. This study provides guidelines and serve as a valuable resource for researchers engaged in the exploration and identification of research themes.
Open Access
Advancing the understanding of behavioral intentions towards I-Fintech : a study on Indonesian millennials and gen z
(Universitas Islam Internasional Indonesia, 2023) Siti Nur Aisyah; Aimatul Yumna; Hamidi, M. Luthfi
Islamic fintech is likewise a part of the digital development and Islamic teaching is concerning the historical development. It is such a completely new for Islamic economic world to implement the technology in a daily life. Such an aftershock of Islamic finance which has not been accepted well by society, Islamic fintech is approaching the Islamic lifestyle. Conventional fintech has been well-approved by the society since Indonesian has not been concerning the Islamic value instead of the religion they believe. This leads to the lack of intention of using 1-fintech services. The intention of using a product is sometimes affected by the lack of product awareness and literacy instead. This project of the study is ensured to explore whether the society has an intention to adopt Islamic fintech services. The focus of this study is taking place on millennials and Gen Z's group as this circle of society is currently the higher adoption of technology and financially active. The questionnaire was placed on the surveymonkey.com website and shared through random sampling method. Before disseminating the questionnaire publicly, the questionnaire was tested by the piloting project to examine whether the questionnaire was valid and reliable. There are 333 respondents besides those who had been involved in the piloting project. The study was tested by SEM-PLS. The results describe that the variables, digital financial literacy, planned behavior, acceptance model and use of technology, while the three variables significantly affect the intention to adopt except digital financial literacy. Planned behavior is the most powerful factor among others. The score of digital financial literacy is considerably high where the intention to adopt is lower than the I fintech adoption rate. Moreover, DFL score is depicted to explain the current literacy on the millennials and gen z. This study was overseen only in Indonesia, aiming on millennials and gen z Therefore, the results cannot be globalized to other countries and generations. However, this study presents the critical information regarding the digital financial literacy in Indonesia to achieve the fintech industry development. On this case, where the digital financial literacy does not significantly affect the adoption of I- fintech, it could be explained that I-fintech is supposed to be explored by the Islamic Digital Financial Literacy. To the best of the author knowledge, there has been no theory representing the Digital Islamic Financial Literacy. It is suggested that the next studies could increase the number of respondents. By this study, it is aimed to obtain the best representing results for the future research about digital financial literacy and expected to be one of the concerns of the practitioner/developer of I- fintech and policy maker to improve the related regulation of I-fintech.
Controlled Access
An analysis of renewable energy demand : a case study of selected Gulf Cooperation Council countries between 1990-2021
(Universitas Islam Internasional Indonesia, 2024) Herawi, Saeed; Rima Prama Artha; Herbert Wibert Victor Hasudungan
This thesis analyzesthe demand for renewable energy in the United Arab Emirates, Qatar, Kuwait, and Saudi Arabia from 1990 to 2021. This study investigates the impact of economic, environmental, and market factors, using panel cointegration test and panel data analysis within the renewable energy demand theory framework. These factors include Gross Domestic Product (GDP), Fossil Fuel Consumption (FFC), Carbon Dioxide Emissions (CO2), Oil Prices (OIL), and the Levelized Cost of Renewable Energy (LC) on Renewable Energy Consumption (REC) in these fossil fuel-dependent nations. The study's objective isto analyze both short-term and long-term relationships between these variables. The study reveals a strong positive correlation between Income (GDP) and Renewable Energy Consumption (REC) in the selected (GCC) countries. This suggests that economic growth is a significant driver of renewable energy demand in these nations. Additionally, the findings indicate that fluctuations in Oil Prices (OIL) substantially impact (REC), with higher prices stimulating increased adoption of renewable energy alternatives. Moreover, the Levelized Cost of Renewable Energy (LC) is a critical determinant of (REC), as lower (LC) values correspond to higher adoption rates. These results emphasize the importance of economic factors in the GCC's transition to a renewable energy-based economy. However, the study found no significant relationship between Fossil Fuel Consumption (FFC) and renewable energy demand, indicating that a decrease in fossil fuel usage does not necessarily drive the transition towards renewables. The dominance of fossil fuels in (GCC) countries, supported by availability, infrastructure, and economic advantages, hinders the shift to renewables. Additionally, (CO2) emissions did not affect Renewable Energy Consumption (REC) within the studied period. This is because consumer preferences and national investments need to be stronger to shift the market towards renewables in response to (CO2) emissions changes. In addition, current environmental policies may need to be stronger to significantly impact Renewable Energy Consumption (REC), as the focus has historically been on oil production and revenue. The study recommends policies to help the (GCC) transition to sustainable energy while promoting economic growth. Key strategies include increasing renewable energy investment, reducing reliance on fossil fuels through subsidy reforms and carbon taxes, encouraging renewable technology innovation, and implementing carbon pricing. Furthermore, dynamic pricing mechanisms should adjust renewable energy incentives in response to changes in Oil Prices (OIL), ensuring competitiveness and environmental sustainability.
Open Access
An Islamic economics perspective on the determinants of indebtedness as measured by debt-to-GDP ratio : a panel regression analysis of the data from certain OIC and non-OIC member countries
(Universitas Islam Internasional Indonesia, 2023) Yadgari, Mohammad Rashed; Hamidi, M. Luthfi; Fajar B. Hirawan
This thesis aims to define common causes of indebtedness, differentiate within common causes of indebtedness, assess whether fiscal and monetary policies are on a sustainable path to control debt distress and levels, and lastly, evaluate whether the ethical foundation of Islamic economics and finance provide a better way of handling the phenomenon in terms of fiscal, monetary policies and speculative investments. To accomplish these objectives, data of specified countries are taken from the World Bank, IMF. and Central Banks in terms of Debt-to-GDP ratio as the dependent variable, and FDI (net inflows), Government revenue, Government Expenditure, Export, Stocks traded value (GDP), Interest rate, GDP growth, Inflation, and Import as independent variables from 1990 to 2021, 32 years and 12 cross sections, establishing 384 observations for the study, the method consists pre-estimation tests of endogeneity and heteroskedasticity to validate basic assumptions of Ordinary Least Square regression and main separated estimation of Pooled OLS group wise for OIC, non-OIC countries with the adjustments by Heteroskedasticity Linear Regression with maximum Likelihood option. The study found that all the variables except inflation are significantly impacting Debt-to-GDP ratio regardless of separated estimation, however, the difference is that interest rate and stocks traded have a negative and significant relationship with debt for OIC countries while positive nexus for non-OIC countries, FDI has a positive and significant relation with debt for OIC countries while adversely it decreases debt for non-OIC countries with negative nexus. Export and economic growth have a significant and negative relationship for both types of countries, while imports have a positive relationship with debt. Government revenue and expenditure have a significant and negative relationship with debt for OIC countries while positive nexus for non-OIC countries. This study fills the gap of a comparative group-wise study of the macroeconomic determinants of indebtedness while calibrating initial theories proposed by major economists addressing the relationship among mentioned variables and results imply that governments shall formulate efficient policies to lower interest rates, avoid & decrease speculative investments and unnecessary spendings, and maximize revenues to control the debt levels and ensure the ability to service their debt.
Open Access
Analyzing nestle's waters and nespresso divisions : systematic approaches for improving corporate sustainability
(ZAIN Publications, 2024-03) Azhar, Auns; Waheed, Usman
The corporate landscape of Nestle is examined in this investigation, with a particular emphasis on the company's dedication to CSR and environmental preservation. This paper presents Nestle Waters' approach to ethical encounters in extraction of water, focusing on native rights, expired licenses, and security of water. It argues that open communication, compliance oaths and assurance, and community alliance are systematic solutions to these problems. The investigation now turns its attention to Nespresso and the premium coffee industry's waste management and aluminum consumption issues. Nespresso may benefit from a more methodical approach if the company would only establish some definite long-term objectives, encourage more partnerships, educate its customers better, and put more money into environmentally friendly packaging. These initiatives not only address pressing issues, but also help Nestle achieve its long-term sustainability objectives, which will set it apart as an industry leader in ethical business practices.
Open Access
Analyzing the determinants of trade balance : an empirical investigation of Indonesia's economic dynamics
(2024-05) Nyange, Asia Khamis; Jonas, Ajibu
The study investigates the determinants of Indonesia's trade balance focusing on five key factors: money supply, foreign direct investment, exchange rate, carbon dioxide emissions, and government expenditure. Utilizing secondary time-series data from 1990 to 2022 and employing vector error correction model analysis, the research reveals significant insights. In the short term, only the money supply notably influences trade balances, while the other factors show no significant impact. However, in the long term, foreign direct investment, exchange rate, carbon dioxide emissions, and government expenditure positively affect the trade balance, with the money supply displaying an insignificant impact. The study's conclusions offer policy suggestions to address these findings. These suggestions include putting policies in place to lower carbon emissions and encourage sustainable growth, making sure government funding for sustainable development initiatives is used effectively, luring foreign direct investment, keeping exchange rates stable, and being cautious when controlling the money supply to preserve price stability. The objective of these recommendations is to improve Indonesia's trade balance sustainability. However, the analysis admits its limitations in not accounting for all macroeconomic factors, such as GDP, interest rates, and industrial production, that affect trade balance. Notwithstanding these drawbacks, the study provides insightful information to help policymakers develop plans for enhancing the dynamics of Indonesia's trade balance.
Embargo
Analyzing the impact of public health insurance claims and government health expenditure on Indonesia's economy
(Universitas Islam Internasional Indonesia, 2024) Wafdah Layli Rizqiyah; Indra Gunawan; Herbert Wibert Victor Hasudungan
This study contains various discussions related to the impact of government spending in the health sector, as well as the impact of public health insurance claim costs on economic growth in Indonesia during the period 2014 - 2023. Therefore, in conducting various analyses on short-term and long-term relationships related to these variables, an approach called Auto-Regressive Distributed Lag (ARDL) is needed. In addition, as a control variable applied to the urban population and the Consumer Price Index (CPI), this variable is used with the aim of separating the various influences of independent variables related to economic growth in Indonesia. The results show that public health insurance claims have a positive and significant impact on GDP per capita and Real GDP in the short and long run. This indicates that increased access to health services through BPJS Kesehatan contributes to increased labor productivity, which in turn boosts real economic growth. Government health expenditure does not show a significant effect on GDP per capita, either in the short or long run. This suggests that government health spending may not have been managed effectively to make a strong contribution to sustainable economic growth. This finding emphasizes the importance of improvements in the allocation and efficiency of health spending to support economic growth. Control variables such as urban population and CPI also play an important role in this analysis. Urbanization impact on GDP per capita is more variable, with potential negative impacts in the short term due to pressure on infrastructure and public services. Inflation, as measured by the CPI, has a significant impact in the short term on GDP per capita but the effect does not persist in the long term, highlighting the need for prudent inflation management to maintain economic stability. Overall, this study concludes that improving access and efficiency of health insurance claims through BPJS Kesehatan can be a key driver of economic growth in Indonesia, particularly through improving labor productivity and individual welfare. However, to achieve sustainable economic growth, more comprehensive policies are needed, including reforms in the management of government health spending, better management of urbanization, and effective inflation control. The findings provide important insights for policymakers in formulating more effective and sustainable economic strategies.
Open Access
Analyzing the market conditions and long-term dynamics in the biodiesel industry
(Taylor & Francis, 2024-07-02) Muhammad, Mansur; Herbert Wibert Victor Hasudungan
The Indonesian energy industry is working towards achieving net zero emissions by reducing energy composition between renewables and non-renewables. Based on this background, this study investigates the biodiesel market conditions and its long-term sustainability using monthly data from January 2014 to October 2023. The study applies the 3SLS, Johansen and bound test approach to cointegration for estimations. Findings from the study show that demand for biodiesel in Indonesia is price inelastic, which implies that the response of demand on small price changes is high due to the availability of substitute products. The Walrasian coefficient is negative and statistically significant, suggesting a partial disequilibrium in the biodiesel market. Furthermore, the blending mandatory of biodiesel is found to be sustainable in the long run as shown by the bound f-statistics and Johansens’ trace statistics. The increasing prices of crude palm oil, catalysts, methanol, and glycerin have a devastating effect on biodiesel production. Exchange rate depreciation is also a negative function of biodiesel production. These findings are crucial for industry stakeholders and policymakers to make informed decisions about resource allocation, cost management, and strategies to enhance the sustainability and efficiency of biodiesel production processes.
Open Access
Beyond immediate needs : an analysis of social insurance and its behavioral economic impact in Indonesia
(Corporate University BPJS Kesehatan, 2024-12-30) Ucca Bhanuwati Astutiningtyas Palupi
Despite the relatively high GDP growth of around 5.3 in 2022, Indonesia still faces high inequality (Gini index 37.9), which challenges social-economic-security instruments. In January 2023, the government spent around IDR 5.3 trillion to protect public health, a 12% increase compared to last year (2022), making Badan Penyelenggara Jaminan Sosial Kesehatan shortened by BPJS Kesehatan as a medic-aid social insurance manager need to keep evolving to suffice the need. In this research, we investigate the potential impact of social insurance in Indonesia to determine the possible direction of the relationship between the adequacy of social-economic-security instruments and spending. The study utilises a vector error correction model (VECM) test as a tool to analyse quarter data from several online source datasets, including household consumption expenditures, gross national income, and capital stock from bps.go.id, social insurance participations from djsn.go.id, inflation and national savings proxy by broad money M2 from bi.go.id in the form of quarterly data, starts from 2016 Q1 until 2023 Q3. The regression result shows no immediate and significant relationship between social insurance and consumption. However, the analysis reveals that social insurance might contribute to economic resilience, potentially leading to higher productive spending and a potential behavioural transformation towards risk.
Open Access
Bibliometric analysis of research trends in Islamic finance and investment
(Open Access Journals incorporations, 2025-01-31) Saleh, Husny Gibreel Musa; Gissay, Amadou; Mamburay, Yankuba
This study provides a bibliometric analysis of Islamic finance and investment, highlighting contributions and trends in the field from 2003 to 2023, using information from the Scopus database and displayed using the VOS viewer software. To chart the present state of international research on Islamic finance and investment, the PRISMA-compliant analysis includes an evaluation of the leading journals, nations, organizations, authors, document counts, and citation frequencies. We analyzed a corpus of 607 scholarly articles and found that Malaysia ranked first with 184 publications. International Islamic University Malaysia was the most productive institution, with 48 documents, and Hassan, M.K., was the most prolific author, with 22 articles and 9,427 citations. The Journal of Islamic Accounting and Business Research has the highest average citation per item. In contrast, the International Journal of Islamic and Middle Eastern Finance and Management has the most publications (33). Capital markets, Fintech, mutual funds, Sukuk, Islamic banks, commerce, and investing are some major trends. The results shed light on the industry's regulatory obstacles and provide policy suggestions to advance the growth of Islamic finance and investment and realize its potential advantages. Scholars, policymakers, and practitioners can rely on this bibliometric review as a fundamental resource when navigating the complexities of Islamic finance.
Open Access
Comparative analysis of board of directors term limits compliance in public and private institutions (case study in Gambia)
(Program Studi Administrasi Publik, Fakultas Ilmu Sosial dan Ilmu Politik, Universitas Bojonegoro, Indonesia, 2024-10-10) Gissay, Amadou; Bah, Momodou Habib; Mamburay, Yankuba; Haule, Daigo Bernadetha
This paper examines the comparative analysis of the board of directors’ term limits compliance in Non-Governmental Organizations and Public and Private Institutions in the Gambia. The objective of this study is to analyse the term limits of the board of directors in these three institutions and their impact on institutional performance. The study was conducted based on a sample size of 34 boards of directors using descriptive and thematic analysis approaches to analyze the data. The study found that institutions that comply with board tenure (term limits) enjoy rapid innovation and institutional growth compared to the institutions that neglect it. In addition, (Kroll et al., 2008) alluded that long-tenured directors are on the boards of scandal-ridden companies like Xerox, Worldcom, Tyco, and Enron and this lends credence to this viewpoint. Our findings also indicate that these companies have lower research and development (R&D), productivity and exploration intensity than their matched control companies. Further findings observed that board members have a term limit of 2.24 years on average. However, there is a considerable degree of fluctuation (standard deviation of 1.30). This shows that different institutions have different governance rules, with some having shorter-term restrictions and others allowing for longer periods. The study also recommends future research that may explore similar topics in diverse contexts, evaluating cultural differences in board dynamics and conducting assessments of governance protocols. You need to stick with either American or British English. E.g. be consistent with words like analyse or analyze. I have highlighted these two spellings because they’ve been used so many times and interchangeably. Please note the same for words like organisation and organization.
Open Access
Corruption, women participation, and economic development : evidence from G20
(Universitas Islam Internasional Indonesia, 2023) Ananda Olga Ulima; Fajar B. Hirawan; Teguh Yudo Wicaksono
Women's participation in the public sphere has been increasingly prominent and impactful, resonating across various macro and microeconomic domains. Gender- Corruption issues have been recently become the focus in empirical findings of scholars. This study aims to examine the effect of women participation in public space on corruption in G20 member countries between year 1995-2021, based on panel data analysis. Under the most relaxed assumption of the model i.e., fixed effect, the result concludes that countries with high inequality is associated by higher corruption level. However, a good governance indicated from their rule of law has significant impact on reducing the level of corruption, which indicated that the policies' role and commitment set by the government institution are essential especially for those of G20's developing countries. Furthermore, the impact of women participation in parliament does not necessarily reduce corruption. Both female labour force participation and senior-middle management have a positive effect to eradicate corruption level. While under fixed effect model, the impact of these variables dissipates, suggesting that country-specific characteristics may explain the variation in the corruption level. This study suggests that promoting women participation must be followed by institutions, norms, and culture to strengthen the effectiveness of law. Moreover, next agenda of G20's board meeting can be focusing on tracking the progress of Anti-Corruption Working Group because there is still gap between developed and developing countries in terms of corruption eradication policy to gain sustainable economic development.
Embargo
CWLS for sustainable healthcare financing : case study on Achmad Wardi eye hospital
(Universitas Islam Internasional Indonesia, 2025-07-18) Fahmi Aulia Rahman; Ugi Suharto; Aimatul Yumna
Productive management of waqf funds will have a significant and sustainably impact the development of waqf in Indonesia. This research examines the impact of CWLS implementation as a sustainable healthcare financing on Achmad Wardi Eye Hospital. The research combines qualitative interviews, quantitative surveys, and document analysis. Qualitative analysis involves thematic analysis of interviews with stakeholders related to the CWLS program in Achmad Wardi Eye Hospital. To gain deeper insight into the program's impact, the pentahilix theory approach was used to determine interview participants, consisting of the Ministry of Finance and BWI as the government, lecturers as academics, directors of Achmad Wardi Eye Hospital and Dompet Dhuafa as business actors, beneficiaries as the community and the media. The Analytic Network Process (ANP) was used to assess which important factors in implementing the CWLS program in Achmad Wardi Eye Hospital were seen from the Impact Evaluation framework which consist of Input, Process, Outcomes, and Impact. The findings show that the CWLS Program has significantly impacted Achmad Wardi Eye Hospital in financial, operational, and social. Beneficiaries also felt the program's impact on improved quality of life and health awareness. In addition, the ANP analysis identified the most important factor is the Input factor. Based on these findings, this study provides recommendations to relevant policymakers in managing CWLS funds to improve the program's effectiveness. These recommendations include patient diversification, providing more affordable prices for general patients, formulating policies and commitments pertaining to environmental concerns, increasing fund availability, updating regulations on waqf, prioritization shift from input to impact, increasing public literacy, replica of the program in other regions and improving capacity and professionalism nadzir. This research concludes that the CWLS Program at Achmad Wardi Eye Hospital is a role model in impactful and sustainable productive waqf management.
Open Access
Determinants of bond market development in Nigeria
(Formosa Publisher, 2024-04-30) Baita, Abubakar Jamilu
Capital market is of paramount importance in financing the activities of public and private sectors in both developed and developing economies. Consequently, this research analyzed the long run equilibrium relationships between bond market development (BMD) and a set of fiscal, macroeconomic and financial variables in Nigeria using Granger causality test and Johansen cointegration model. The findings reveal the importance of macroeconomic and financial variables in facilitating the development of Nigeria’s bond market. The study recommended that policy makers should ensure macroeconomic stability and financial soundness in order to develop bond market in the country.
Open Access
Determinants of private consumption expenditure in Australia : ARDL study
(ZAIN Publications, 2023-08) Abdul Zahoor Ahmadi; Walid Qarar; Hasibullah Atiqi
This paper studies the relationship among non-public intake expenditure and independent variables that encompass GDP, population number, interest price, and inflation price in Australia at some point of the duration from 1960 to 2022using the Autoregressive disbursed Lag version (ARDL). The studies additionally ambitions to take a look at the impact of displacement among non-public intake spending and government consumption spending using a model (ARDL). The have a look at determined that there may be an advantageous and enormous dating between personal intake spending and each output and populace in the end. Ultimately, a 1% growth in GDP is related to a zero.8% boom in private consumption pending, and a 1% boom in populace is associated with a zero.3% increase in private consumption spending. However, there is an inverse and tremendous dating among private consumption spending and both interest rate and government consumer spending in the long run. Ultimately, a 1% boom in the interest rate is associated with a 0.2% lower in private consumption spending, and a 1% growth inside the inflation rate is related to a 0.1% lower in private consumption spending. Inside the quick term, there's a high-quality and substantial dating between private consumption spending and both output and population. Within the short term, a 1% increase in GDP is associated with a zero.6% growth in private consumer spending, and a 1% increase in population is associated with a 0.2% growth in private consumer spending. However, there is an inverse dating among private consumer spending and short-time period interest rate, within the quick term, a 1% increase within the interest price is related to a 0.1% decrease in private consumer spending. The findings of this study advise that the imperative financial institution can use financial coverage equipment order to persuade the intermediate objective of monetary policy and have an effect private consumer spending and aggregate demand. Taxes can also be used as one of the fiscal coverage gear to persuade disposable income which will change private client spending and combination demand.
Open Access
Digital da'wah studies : a bibliometric analysis of trends, patterns, and collaboration networks
(Ushuluddin, Adab, and Dakwah Faculty of State Islamic University of Ponorogo, 2025-06-28) Muhamad Dupi; Syamsi Mustofa Singgih Prayogo
This study employs a bibliometric approach to analyze publication trends, research patterns, and collaboration networks in the field of digital da’wah (Islamic digital preaching) within Islamic studies. Using data extracted from the Dimensions database and visualized through VOSviewer, the research identifies significant developments in this domain. Findings reveal a marked increase in digital da’wah research in recent years, reflected by growing publication outputs and participation from diverse institutions and scholars worldwide. However, the analysis indicates limited collaborative networks among researchers, highlighting the need for stronger interdisciplinary and cross-regional partnerships. Key themes emerging from the literature include digital communication strategies, the role of social media in da’wah, and the opportunities and challenges of preaching in the digital era. This study maps the current landscape of digital da’wah research and suggests future directions, such as broader data coverage and deeper methodological exploration. The findings provide valuable insights for scholars and practitioners working at the dynamic intersection of Islamic propagation and evolving communication technologies.
Open Access
Do household consumption and literacy rate impact the fluctuation of the unemployment in Indonesia?
(Universitas Ahmad Dahlan, 2024-01-22) Muhammad Ismail Sunni; Wanof, M. Indre; Angga Kusuma Wijaya
This paper aims to investigate the linkage and explore what has determined the unemployment rate in Indonesia from 2000 to 2021 which include literacy rate, school enrolment, labour force participation and household and non-profit institutions serving households (NPISHs) as the main explanatory variables. To control factors of unemployment and avoid spurious or misleading results, other than FDI, we include other macroeconomics variables such inflation, trade and interest rate. This study deploys timeseries regression and Ordinary Least Square (OLS) as the regression technique to estimate the coefficients of the linear function that best fits the data. To assess the model's assumptions and diagnose any potential issues that may affect the model's reliability and validity, the author applied heteroscedasticity, normality, multicollinearity, and autocorrelation test. All data are attained from World Development Index (WDI). Overall, HNC is the only determinant significantly increase level of Indonesia unemployment. While the increase of FDI may exacerbate Indonesia’s unemployment rate, LFP plays significant role in reducing the unemployment rate in Indonesia. The contribution of this paper lies in providing a nuanced understanding of the specific determinants of unemployment, with a particular emphasis on the significant impact of NPISHs. Based on the findings, policymakers should think about making investments in NPISHs to spur growth in the economy while generating job opportunities.
Open Access
Do macroeconomic factors influence household consumption expenditure in the Gambia? ARDL-error correction regression approach
(Eastasouth Institute, 2024-06-28) Jallow, Mamadou Salieu; Hamadou, Issa
Consumption constitutes a larger part of GDP and contributes immensely in enhancing economic growth and development of a country. This study examines the influence of macroeconomic factors on household consumption expenditure in the Gambia. To achieve our objective, we employ ARDL estimation method with Bounds tests to analyze our study using secondary times series data collected from World Bank’s World Development Indicators database from 2000 to 2020. The findings reveal that GDP, inflation, direct credit to private sector, remittances and population all have significant effect on household consumption expenditure in the short run because their p values are less than 0.05 at 5% level of significance. For the long run effect, the CointEq (-1)* is negative and statistically significant. It means that the short run is adjusted with high speed in the run approximatively 108%. Therefore, GDP, inflation, direct credit to private sector, inflation, remittances and population are all significantly affecting household consumption in the long run. Thus, the study recommends that Government of the Gambia to use a mix macroeconomic policy method to stimulate and increase household consumption expenditure in order to help in achieving economic growth and development. The study further recommends future researchers to include other macroeconomic variables like unemployment and interest rate.
Open Access
Drivers of halal certification value chain : PLS-SEM approach
(Program Studi Ekonomi Syari'ah, Fakultas Agama Islam, Universitas Siliwangi, 2024-06) Shellvy Lukito
The growth of micro, small, and medium-sized enterprises (MSMEs) in Depok City is very promising, but many MSMEs in the city do not yet view halal certification as a matter of business ethics. This study intends to identify the factors that impede the implementation of the value chain for halal certification in Depok City in order to better understand how to improve the halal certification process for micro, small, and medium-sized enterprises (MSMEs) in Depok city. This study employs a mixed-methods, case-study research design. Using 102 questionnaires and in-depth interviews, researchers gathered information for this study. The results of this research are Government, Identity, and Product Originality are Significant in Relation to Halal Awareness. Thus, the government should increase the quota for halal certificates again, aggressively spread halal certification information, and strengthen its readiness to implement it.