Financial Development and Economic Growth: Evidence from a Heterogeneous Panel of High Income Countries

This paper examines the empirical relationship between financial development and economic growth for high income countries. The study focuses on both indirect finance and direct finance, separately as well as jointly. Applying the methodology of Nair-Reichert and Weinhold (2001) for causality analysis in heterogeneous panel data, two sets of results are reported. First, the evidence regarding the relationship between financial development and economic growth from a contemporaneous non-dynamic fixed effects panel estimation is mixed. Negative and statistically significant estimates of the coefficient of the inflation and financial development interaction variable indicate that financial sector development may even be harmful to economic growth when inflation is rising. Second, in contrast with the recent evidence of Beck and Levine (2003), heterogeneous panel causality analysis applied on a refined model indicates that there is no definite evidence that finance spurs economic growth or growth spurs finance. Most of our findings are in line with the Lucas (1988) view that the importance of financial matters is over-stressed. The only exception is the case of activity in stock markets where our result supports the Robinson (1952) view that finance follows enterprise.

Bu MurTiKo (BUDIDAYA JAMUR TIRAM EKONOMIS) SEBAGAI SALAH SATU SOLUSI PEMANFAATAN LIMBAH SERBUK GERGAJI KAYU

Banyak limbah produksi skala menengah yang belum dimanfaatkan secara maksimal. Salah satu limbah tersebut adalah limbah serbuk gergaji kayu. Limbah serbuk gergaji kayu yang hanya dibakar tidak mencerminkan sikap Go Green. Salah satu pemanfaatannya adalah digunakan sebagai media untuk budidaya jamur tiram. Kandungan gizinya yang tinggi, serta manfaat jamur tiram yang sangat baik untuk kesehatan menjadikannya sebagai bahan pangan yang mulai banyak diburu masyarakat. Kandungan dalam 100 gram jamur tiram segar mengandung protein 5.94 gram, karbohidrat 50.59 gram, serat 1.56 gram, lemak 0.17 gram, kalori 45.65 kj, zat besi 1.9 mg, kalsium 8.9 mg, vitamin B1 0.75 mg, vitamin B2 0.75 mg dan fosfor 17 mg. Proses produksi jamur tiram tidak menggunakan pupuk kimia sintetis, sehingga komoditas ini tergolong bebas dari serapan bahan kimia sintetis. Budidaya jamur tiram belum banyak dimanfaatkan oleh warga Dusun Tegal Sari, Desa Tanjung, Kecamatan Klego, Kabupaten Boyolali. Langkah ini diambil yang bertujuan untuk memanfaatkan limbah serbuk gergaji kayu serta mengelola untuk budidaya jamur tiram sehingga memerlukan modal yang ekonomis. Hal-hal yang dilakukan untuk mencapai tujuan tersebut meliputi persiapan tempat, kandang, alat-alat yang digunakan, bahan baku dan bahan pendukung, strategi pemasaran, proses budidaya, panen, proses pemasaran sampai dengan berbagai bentuk diversifikasi pangan berbahan dasar jamur tiram. Kata kunci: limbah serbuk gergaji kayu, Go Green, budidaya jamur tiram, gizi tinggi, ekonomis

Diversity of weed communities under different water regimes in bertam irrigated direct seeded rice field.

Experiments were initiated at MARDI Bertam Rice Research Station in Penang in the dry season of 2004 and main season 2004/2005 to study the effect of different water regimes on diversity of weed species. Plots receiving continuous flooded treatment (T1) and flooding up to panicle initiation (T2) significantly suppressed weed population to approximately 18 – 58% and reduced weed biomass to 14 – 57% as compared to the highest values in continuous field capacity treatment (T5) at all sampling dates (30, 60 and 90 DAS) in both planting seasons. Across water regime treatments the weed composition comprised of 11 weed species in the dry season and 10 weed species in the main season. Broadleaved weeds, especially Monochoria vaginalis and Limnocharis flava were the most dominant weeds in most water regime treatments. The SDR values of broadleaved weeds in the dry season were 48.7, 46.4, 44.2, 40.7 and 35.8% for T2, T1, T3 (flooding for the first month), T5 and T4 (continuous saturation), respectively. In the main season, the SDR values for the broadleaved weeds increased to 79.5, 68.2, 62.4, 62.2, and 50.57% for T2, T1, T3, T4 and T5, respectively. Fimbristylis miliacea and Cyperus iria were dominant in the dry season with SDR values of more than 34% in all water regime treatments, but decreased to less than 23% in the main season. For grasses, comprising of mostly Echinochloa crus-galli, Echinochloa colona and Leptochloa chinensis, SDR values of more than 20% were recorded in T4 and T5 in the dry season, while in the main season SDR values of between 21 – 34% were observed in treatments T1, T3and T5

MODEL MATEMATIS KESELAMATAN DAN KEAMANAN PENUMPANG OJEK ONLINE DI SUKABUMI

Transportasi berbasis aplikasi seperti ojek online telah menjadi pilihan utama masyarakat, termasuk di Sukabumi. Namun, perilaku pengemudi yang tidak sesuai standar keselamatan meningkatkan risiko kecelakaan. Penelitian ini dilatarbelakangi oleh meningkatnya angka kecelakaan yang melibatkan pengendara ojek online di Indonesia. Penelitian ini bertujuan untuk menganalisis pengaruh dari variabel perilaku pengemudi (X1), variabel pengalaman berkendara (X2), dan variabel kepatuhan terhadap aturan lalu lintas (X3) terhadap variabel persepsi keselamatan dan keamanan penumpang ojek online (Y). Metode kuantitatif digunakan dengan pengumpulan data melalui kuesioner kepada pengguna layanan ojek online. Hasil analisis regresi linear berganda menunjukkan bahwa variabel pengalaman pengemudi (p < 0.001) dan variabel kepatuhan terhadap aturan lalu lintas (p < 0.001) berpengaruh signifikan terhadap persepsi keselamatan penumpang, sedangkan variabel perilaku pengemudi tidak signifikan. Nilai prediksi keselamatan penumpang berada dalam rentang 2.27 hingga 6.01, dengan contoh nilai sebesar 5.1954, mencerminkan kategori tinggi. Penelitian ini diharapkan dapat memberikan kontribusi dalam pengembangan strategi peningkatan keselamatan layanan transportasi berbasis aplikasi

KONSTRUKSI HUKUM PENGATURAN LAPORAN KERJA PERTANGGUNGJAWABAN (LKPJ) KEPALA DAERAH KABUPATEN/KOTA DALAM PERSPEKTIF DESENTRALISASI

One of the powers and responsibilities of the regional government in carrying out the wheels of government is regulated in Article 69 paragraph (1) of the 2014 Regional Government Law. The scope of the LKPJ material is the same, even though the Regional Head conveyed the scope of the LKPJ material there are 5 materials. Second, there is no clear standard for providing recommendations by the DPRD regarding the submission of Regional Head LKPj, even though the government has issued Government Regulation Number 3 of 2007 in terms of the body, explanation and attachments of government regulations. The purpose of this study is to analyze the legal construction of the district / city LKPj concept to achieve good regional autonomy. The research method is normative juridical research. The results showed the LKPj concept conveyed by the three Regional Heads (Mayor of Bekasi, Mayor of Tangerang, and Regent of Karawang) in order to realize good regional autonomy, in its implementation it has implemented good regional autonomy according to Van Der Pot, namely material household systems, home systems. stairs formally, and the real household system

STRENGTH ANALYSIS OF A BLADE WITH DIFFERENT CROSS-SECTIONS

The efficiency of horizontal axis wind turbine (HAWT) blades is examined in this paper concerning the effect of cross-section airfoil type. Three dif-ferent airfoils were examined: symmetric (NACA 4412), asymmetric (NACA 0012), and supercritical (NACA 4412). (EPPLER 417). The anal-yses that were performed combined theory and experiment. Theoretical analyses were carried out using Fortran 90 code and the blade element momentum-based Qblade code. The blade was created using SolidWorks software and a 3D printer for testing purposes. The findings of experi-mental tests supported the conclusions of the theory. Research revealed that the EPPLER 417 blade, which has a supercritical airfoil, performed better than other examined objects. NACA 4412, NACA 0012, and EPPLER 417 each have a power coefficient of 0.516, 0.492, and 0.510. According to the experimental data, the EPPLER 417 airfoil outperforms other air-foils in terms of power and speed reduction. To calculate the deformation and stresses of the three blades with various cross sections, CFD analysis was done in ANSYS Workbench. The CFD results showed that NACA 4412 has the highest strength but EPPLER 417 was considered the optimum cross-section based on power generation and acceptable stress values

Implementasi pendidikan multikurtural melalui pendekatan nilai luhur budaya dan pancasila untuk membangun karakter mahasiswa dalam meghadapi arus globalisasi

Globalization is indeed very strongly felt in every aspects of life of society, nation and state. The joints are ediologi, political, economic, social, cultural, defense and security. The fade of nationalism and solidarity is one of the diseases that are suffered by children of this country. This factor is also the background for the emergence of awareness of the importance of education implementation multikurtural in building character/good manners. Characters based on a multicultural nation in accordance with the motto "Bhineka Tunggal Ika/Unity in Diversity" should be the foundation in the development of the character / character the future of the nation of Indonesia. The purpose of this research are: (1) knowing how to approach memalui implementation of multicultural education and cultural values of Pancasila to build student character in meghadapi globalization in STKIP PGRI Sumenep; (2) determine the factors supporting and implementing multicultural education memalui approach and the cultural values of Pancasila in STKIP PGRI Sumenep. This research is a case study with research subjects covering STKIP PGRI Sumenep, chairman, faculty, and students. The approach used is a qualitative approach with descriptive analysis method. The results of this study are: (1) to implement multicultural education through the approach of cultural values and Pancasila run very and able to build student character STKIP PGRI Sumenep (2) factors pendukunggnya is good cooperation between all the components in STKIP PGRI Sumenep, starting from the chairman, lecturers, students and parents of students. Their breadth to students in developing their potential through both intra and extra school.Keywords: Multicultural Education, Student Character. http://dx.doi.org/10.17977/um022v1i22016p08