The effect of foreign direct investment on economic growth in Indonesia: A case study using secondary data for 1995-2023

Background: Foreign Direct Investment (FDI) is one of the key instruments for driving economic growth in most countries, including Indonesia. FDI refers to a type of investment in which foreign entities directly invest capital into an economic entity in the host country. Foreign Direct Investment has become an essential source of external financing for Indonesia and serves as one of the primary funding sources. Therefore, this study aims to comprehensively analyze the impact of FDI on Indonesia’s economic growth over the period 1995–2023. Methods: This study employs a quantitative research approach with multiple linear regression analysis. This model is chosen because it allows for the measurement of the simultaneous influence of multiple independent variables on a single dependent variable, namely economic growth. The study utilizes processed secondary data supplemented with time series data, including Gross Domestic Product (GDP) growth, foreign investment, inflation rate, exchange rate, government expenditure, and poverty levels. Findings: The findings indicate that FDI positively and significantly affects Indonesia’s economic growth. FDI enhances production capacity, increases efficiency, and facilitates technology transfer, contributing to national productivity. Additionally, a stable exchange rate and controlled inflation support economic development. However, the exchange rate negatively affects economic growth, suggesting that fluctuations may hinder investment and economic activities. Meanwhile, inflation is found to have no significant impact on GDP growth, possibly due to economic stability, political events, or government interventions during the study period. Conclusion: Based on the research findings, it can be concluded that FDI plays a significant role in driving economic growth in Indonesia. However, exchange rate fluctuations pose a challenge that should be managed to ensure economic stability. Novelty/Originality of this article: The novelty of this research lies in its comprehensive time-series analysis covering nearly three decades, providing insights into the long-term relationship between FDI and economic growth in Indonesia

Narrative policy framework analysis and stakeholder analysis on ownership policy in the banking sector for economic resilience

Background: Foreign ownership policy in Indonesian Banking has been regulated by the Government through Law Number 10 of 1998 concerning Banking. Through this law, the opportunity for foreign investors to own banking shares or establish banks in Indonesia is increasingly open. The strong foreign ownership of a bank has the potential to hinder the supervision process of the bank concerned and the practice of good governance, as well as disrupt financial system stability as a whole and threaten the economic resilience of the Indonesian state. Methods: The researcher conducted an analysis by Narrative Policy Framework (NPF) analysis and stakeholder analysis on the Minutes of Meeting on the Process of Amending Law Number 7 of 1992 to Law Number 10 of 1998 concerning Banking. This research is descriptive analytical on data obtained from the results of observations, interviews, documentation, and analysis of research subjects. Findings: The results of the study indicate that the opening of opportunities for foreign ownership in changing laws is a short-term solution provided by the government. Risk analysis has shown that the scale of the risk level of foreign ownership policy up to 99 percent is at the level of medium and high risk. Stakeholder analysis shows that the Government and Parliament are parties that have a large interest and strength in foreign ownership policies in the Indonesian banking sector. Conclusion: The Government and Parliament need to review the banking laws that have been used for 21 years. The findings highlight the need for a more balanced and strategic approach to foreign ownership policies to safeguard Indonesia's financial system stability and economic resilience. Novelty/Originality of this Article: This study contributes to the limited literature on foreign ownership policies in Indonesian banking by employing the NPF to reveal the hidden narratives and political dynamics behind the legislative process.

The effect of audit delay, audit fee and audit opinion on auditor switching: Empirical study of energy sector companies on the Indonesia Stock Exchange in 2020-2023

Background: The energy sector requires large long-term investments for infrastructure and technology development. Therefore, transparency in financial reporting is very important to provide a clear picture of the company's financial performance and prospects for investors. Methods: This study uses a quantitative approach with purposive sampling method. There were 58 companies that met the research criteria and 4 years of observation with a total of 232 samples. Data analysis used descriptive statistical tests, binomial logistic regression tests and hypothesis testing. Findings: The results of this study indicate that audit delay and audit opinion affect auditor switching. In contrast, audit fees show no effect on auditor switching. Conclusion: Audit delay and audit opinion are proven to have an effect on auditor switching in energy sector companies on the IDX, while audit fees do not show a significant effect. These results indicate that the time factor and the quality of the opinion are more considered than the cost in the decision to change auditors. Novelty/Originality of this Article: This study contributes to the limited literature on auditor switching by focusing on the energy sector in Indonesia, which requires long-term investments and transparent financial reporting

The impact of public sector accounting implementation and internal supervision on the performance of government institutions

Background: This study aims to analyze the influence of public sector accounting implementation and internal control on the performance of government agencies at the Office of the Ministry of Religious Affairs in East Lombok Regency. Methods: This research adopts a correlational design with a quantitative approach. The data were gathered through surveys, interviews, and document analysis. The data were analyzed using multiple linear regression, involving two independent variables public sector accounting (X1) and internal control and one dependent variable, namely government agency performance (Y). Findings: Based on the data analysis and discussion, the findings are as follows: Public sector accounting has a significant positive impact on agency performance, as evidenced by a t-test significance value of 0.008 (p < 0.05). Internal control also shows a significant positive effect, with a t-test significance value of 0.000 (p < 0.05). Collectively, public sector accounting and internal control have a significant influence on agency performance, as indicated by an F-test significance value of 0.000 (p < 0.05). Conclusion: The study indicates that public sector accounting and internal control together contribute 35.2% to the performance of government agencies at the Office of the Ministry of Religious Affairs in East Lombok Regency. The remaining 64.8% is attributed to other factors not explored in this research. Novelty/Originality of this article: This study shows that the simultaneous application of public sector accounting and internal control significantly influences the performance of government agencies, particularly in the context of the Ministry of Religious Affairs in regions where research has rarely been conducted

Evaluation of the implementation of the village fund allocation policy

Background: The village fund allocation policy was introduced in Indonesia to enhance village financial capacity and autonomy. However, despite the implementation of Law No. 6/2014 on Villages, many villages, including Nguwok Village, still experience constraints in fully utilizing the village fund allocation funds due to regulatory control from the local government. This research aims to evaluate the implementation process of the village fund allocation in Nguwok Village, focusing on the allocation, utilization, and effectiveness of the funds within the framework of fiscal decentralization and village autonomy. Methods: This study employs a qualitative descriptive approach with purposive sampling to select key informants. Data collection methods include observations, document analysis, and in-depth interviews with stakeholders such as the Lamongan Regency Government, Modo Subdistrict Office, and Nguwok Village Administration. Findings: Out of seven effectiveness criteria, only three (range, frequency, and bias) were met, while access, service precision, program compatibility, and accountability remain ineffective. The village fund allocation implementation process is also found to be inefficient, with budgeting reports lacking transparency and not detailing fund expenditures. Conclusions: While the village fund allocation funds significantly contribute to Nguwok Village’s financial capacity, village autonomy remains constrained by local government regulations. Despite smooth intergovernmental coordination and timely fund disbursement, village-level decision-making power is limited, and public participation is insufficient. Additionally, budget transparency issues persist, with incomplete reporting of fund utilization. To fully realize village autonomy, the Nguwok Village government must take a more proactive role in decision-making rather than merely following district-level guidelines. Novelty/Originality of this Article: This study provides a critical evaluation of the limitations of the village fund allocation policy implementation despite the legal framework supporting fiscal decentralization. By highlighting the gap between policy and practice, this research offers practical recommendations for improving village autonomy, community participation, and financial transparency

Dinamika perdagangan impor barang Korea Selatan terhadap perkembangan ekonomi Indonesia pada era digital

Latar Belakang: Kerjasama Indonesia dan Korea Selatan memberikan peran yang sangat penting terhadap perkembangan ekonomi negara Indonesia. Dapat dilihat dari nilai ekspor dan impor Indonesia-Korea Selatan pada tahun 2017-2022 terus mengalami peningkatan. Dengan meningkatnya nilai ekspor Indonesia maka akan meningkatkan pendapatan negara Indonesia serta untuk para produsen dapat memperluas jangkauan pasarnya untuk mendapatkan konsumen dari dalam negeri maupun luar negeri. Nilai impor yang meningkat juga akan memungkinkan atau memudahkan Indonesia untuk memperoleh bahan baku, barang dan jasa suatu produk yang jumlahnya terbatas di dalam negeri. Penelitian ini bertujuan untuk melakukan analisa secara ekonomi perkembangan ekspor dan impor Indonesia dan Korea Selatan dan melakukan estimasi pengaruh impor dari Korea Selatan ke Indonesia tahun 2014-2022. Metode: Analisis ini menggunakan data time series yaitu data yang berasal dari website-website resmi seperti Badan Pusat Statistik (BPS) dan Kementerian Perdagangan yang dihimpun pada tahun 2014 hingga 2022. Teknik analisis data yang digunakan pada penelitian ini menggunakan regresi linier berganda dengan meggunakan program, eviews-10. Temuan:  Hasil penelitian menunjukkan bahwa Pendapatan per Kapita, Nilai Tukar dan Inflasi berpengaruh dan signifikan terhadap impor dari Korea Selatan. Volume ekspor impor Korea Selatan dan Indonesia pada tahun 2017-2022 setiap tahunnya mengalami peningkatan sehingga Koran Lifestyle menjadi dinamika saat ini. Dengan meningkatnya nilai impor negara Korea Selatan ke Indonesia makaakan membawa pengaruh buruk seperti menurunnya produksi di dalam negeri yang  mengakibatkan angka pengangguran meningkat dan pendapatan menurun sehingga daya beli masyarakat juga menurun. Kesimpulan: Oleh karena itu, Pemerintah harus memperhatikan pertumbuhan ekspor agar  meningkatkan kapasitas perekonomian dan pemerintah harus meyakinkan dunia bahwa ekspor Indonesia dapat lebih baik dan meningkat, agar meningkatkan jumlah devisa di Indonesia.&nbsp

Strategi ketahanan ekonomi pada masa pandemi COVID-19 di Indonesia

Latar Belakang: Pandemi COVID-19 telah menimbulkan berbagai permasalahan dan dampak negatif bagi perekonomian Indonesia, yang mengakibatkan penurunan pertumbuhan ekonomi yang signifikan pada tahun 2020. Hal ini berdampak terhadap peningkatan kerentanan ekonomi yang mengancam ketahanan ekonomi. Penelitian ini meneliti pengaruh penerimaan pajak, suku bunga, harga minyak mentah, harga emas, Indeks Dow Jones, COVID-19, nilai tukar, dan IHSG terhadap ketahanan ekonomi. Selain itu, penelitian ini merumuskan strategi mitigasi kerentanan ekonomi di Indonesia akibat pandemi COVID-19, apakah strategi lockdown tepat untuk diterapkan atau sebaliknya. Metode: Penelitian ini menggunakan metode regresi logistik dengan data variabel harian dari Maret-Desember 2020. Temuan: Hasil penelitian menunjukkan penerimaan pajak di masa pandemi COVID-19, suku bunga di masa pandemi COVID-19, harga minyak mentah, Indeks Dow Jones, dan IHSG berpengaruh signifikan terhadap ketahanan ekonomi. Pada saat tidak dilakukan intervensi kebijakan, ketahanan ekonomi pada kondisi ideal lebih tinggi dibandingkan pada kondisi normal dan kondisi sulit. Strategi kebijakan untuk memitigasi kerentanan ekonomi pada masa pandemi COVID-19 adalah menjaga penerimaan pajak tidak turun serta menurunkan suku bunga dan kasus COVID-19 secara simultan sehingga kebijakan full lockdown tidak tepat digunakan. Kesimpulan: Implikasi kebijakan untuk menjaga penerimaan pajak tidak turun dapat dijalankan melalui: penetapan prioritas perpajakan, perluasan basis perpajakan, peningkatan kepatuhan dan pengawasan, optimalisasi implementasi peraturan perpajakan, dan insentif pajak. Implikasi kebijakan untuk menurunkan suku bunga adalah mendorong Bank Indonesia agar menurunkan suku bunga IndONIA di pasar uang antar bank. Implikasi kebijakan untuk menurunkan kasus COVID-19 dapat dijalankan melalui: ketegasan dan konsistensi pembatasan sosial, peningkatan kegiatan pemeriksaan, pelacakan, dan perawatan, peningkatan sosialisasi dan penegakan hukum, serta percepatan vaksinasi

Pengaruh atraksi, aksesibilitas dan amenitas terhadap minat kunjungan wisatawan ke kawasan ekonomi khusus (KEK) pariwisata Tanjung Lesung Banten

This research aims to determine the interest of tourists in visiting the particular economic area in the Tanjung Lesung Banten Tourism area. By being designated as a particular economic group, tourist interest should increase along with improvements in facilities and infrastructure in Banten. This research uses a quantitative approach with survey methods. The sample of respondents was 85, with processed data from 73 respondents who had visited Tanjung Lesung Beach Resort and Tanjung Lesung Beach Club, selected using a purposive sampling technique. Data analysis was carried out in stages using validity and reliability tests. The data was transformed using the MSI method into interval data and then analyzed using Multiple Regression Analysis. The results show that attractions have the highest and most significant value on tourist interest in visiting Tanjung Lesung. On the other hand, accessibility and amenities individually do not significantly affect tourists' interest in visiting

Evaluasi kebijakan pada penerimaan negara bukan pajak (PNBP) pasca produksi: studi pembangunan sektor perikanan tangkap berbasis blue economy di Indonesia

Pendahuluan: Sehubungan dengan visi pembangunan sektor perikanan tangkap berbasis blue economy, pemerintah mengatur kebijakan Penerimaan Negara Bukan Pajak Pungutan Hasil Perikanan (PNBP PHP). Berdasarkan PP 85/2021, titik pungutan PNBP PHP tersebut digeser dari yang sebelumnya berada di saat mengajukan perizinan berlayar (PNBP Pra Produksi), menjadi berada di saat mendaratkan ikan hasil tangkapan (PNBP Pasca Produksi). Kebijakan ini merupakan transformasi substansial dalam lanskap kebijakan fiskal di Indonesia dan memicu perdebatan sejak dilaksanakan 1 Januari 2023. Penelitian ini bertujuan untuk mengevaluasi kebijakan PNBP Pasca Produksi dengan menggunakan tiga kriteria evaluasi kebijakan dari Dunn, yaitu efektivitas, efisiensi, dan keadilan. Metode: Pendekatan yang digunakan adalah post-positivist dengan teknik pengumpulan data secara kualitatif melalui wawancara mendalam, observasi lapangan, dan studi kepustakaan. Temuan: Hasil penelitian menunjukkan bahwa kebijakan PNBP Pasca Produksi memberikan keuntungan bagi wajib bayar dan fiskus karena PNBP dipungut atas berat ikan hasil tangkapan riil, bukan atas perkiraan sebagaimana diatur PNBP Pra Produksi. Namun, secara keseluruhan kebijakan ini belum memenuhi kriteria efektivitas, efisiensi, dan keadilan.  Dari kriteria efektivitas, kebijakan ini belum efektif mencapai tujuan yang ditetapkan. Dari kriteria efisiensi, kebijakan ini memberatkan wajib bayar dan fiskus dari segi direct money costs, time costs, maupun psychological costs. Dari kriteria keadilan, kebijakan ini memenuhi benefit receive principle, tetapi indeks tarif belum memenuhi prinsip nondiskriminasi karena adanya pembedaan tarif antar ukuran kapal yang sudah tidak relevan. Untuk dapat mendukung pembangunan sektor perikanan tangkap berbasis blue economy, kebijakan PNBP Pasca Produksi setidaknya harus memenuhi ketiga kriteria tersebut. Kesimpulam: Oleh karena itu, penelitian ini menyarankan adopsi teknologi di setiap pelabuhan yang dapat memenuhi kriteria efektivitas serta efisiensi kebijakan. Selain itu diperlukan reformulasi indeks tarif agar memenuhi kriteria keadilan

Kajian perbandingan mitigasi kerentanan fisik, ekonomi, sosial dan lingkungan akibat banjir rob di Demak

Disaster vulnerability describes the loss level due to the Rob Flood disaster in Demak Regency through the community's environmental, social, physical, and economic aspects. The research compares physical, economic, social, and environmental vulnerabilities and mitigation strategies to reduce disaster vulnerability. The research method uses a quantitative descriptive approach, strengthened by qualitative data (documents). The research results show that the highest level of vulnerability comes from social and economic vulnerability, followed by physical vulnerability. Only environmental vulnerability has the lowest value compared to the other three aspects. It shows that the Demak government's efforts to build sea walls or embankments reduce vulnerability to tidal flood disasters. Social policy mitigation strategies through reducing population growth rates, providing direct cash assistance, and providing employment opportunities for women and vulnerable groups need more attention to be improved. Economic policies that help people in the agricultural sector, such as assistance with agricultural equipment, assistance with seeds or construction of barns, and training for farmers, still need to be optimized