Application and Lesson Learned in Civil Engineering, Environmental Science Service-Learning Program

Environmental Science class is an integral part of any modern 21st century Civil Engineering education curriculum. The rising need for sustainable development education in addition of education that does not only focus on the cognitive part but also the affective part required an evaluation of Environmental Science class curriculum. Petra Christian University began to apply Service-Learning style of education in its Environmental Science class since 2017, in order to fulfill the previously stated challenges. Reworks on class material and implementation of classwide Service-Learning project was done. Putting student�s creativity and autonomy at the forefront of the Service-Learning project, the class is considered as a success. The student produced reflections and academic report that demonstrated their comprehension of sustainable development showed that the Service-Learning project managed to educate their heart. The Service-Learning based Environmental Science class can be used as a model and precedent for other Civil Engineering Departments that want to implement meaningful and impactful Environmental Science class

DO INFORMATION AND COMMUNICATION TECHNOLOGIES FOSTER ECONOMIC GROWTH IN INDONESIA?

This paper investigates, using annual data from 1980 to 2014, whether adoption of information and communication technologies (ICT) fosters economic growth in Indonesia. We employ an Autoregressive Distributed Lag cointegration technique on an augmented neoclassical growth model. The empirical results indicate a positive effect of ICT development on economic growth in both the long-run and short-run. The other regressors, such as total factor productivity, human capital, and capital per worker, also positively affect economic growth. From a policy perspective, the Indonesian government should promote ICT development through greater investment.This paper investigates, using annual data from 1980 to 2014, whether adoption of information and communication technologies (ICT) fosters economic growth in Indonesia. We employ an Autoregressive Distributed Lag cointegration technique on an augmented neoclassical growth model. The empirical results indicate a positive effect of ICT development on economic growth in both the long-run and short-run. The other regressors, such as total factor productivity, human capital, and capital per worker, also positively affect economic growth. From a policy perspective, the Indonesian government should promote ICT development through greater investment

SHARIAH RISK FACTOR AND STOCK RETURN IN THE INDONESIAN STOCK MARKET DURING COVID-19 AND THE RUSSIA-UKRAINE CONFLICT

Using a sample of 544 Indonesian stocks, we examine the performance of the Shariah and non-Shariah stocks from 2018-2023. Employing panel regressions to investigate the impact of the Shariah investment principles on the average stock returns, we observe a positive relationship between the Shariah firms and average stock return in the market. Consequently, the study forms the Shariah and non-Shairah portfolios and analyzes their performance using the asset pricing model. We document evidence that the Shariah portfolio provides a higher abnormal return than the non-Shariah portfolio. Further, we report that the Shariah portfolio provides a higher abnormal return than the non-Shariah portfolio after controlling COVID-19 and the Russia-Ukraine war. Finally, we create the Shariah risk factor and conclude that it is one factor that explains the deviation in the stock return in the Indonesian stock market. The study recommends that policymakers consider this factor to derive the cost of equity, discount rate, and cost of capital.&nbsp

The Utilization of Hydrodinamics Models in Validating the East Java Rip Current in the Era of Industrial Revolution 4.0

The earth has an ocean area larger than the land area so that there are many beaches found throughout the world, including Indonesia. Behind its beauty, there is one phenomenon that endangers tourists when doing activities on the near shore area, namely: rip current. For example, the incident at the research location, namely Klayar Beach, East Java, on January 2, 2015, claimed lives. Therefore, this study aims to validate the existence of rip current in East Java, especially at the research location by utilizing hydrodynamic modeling in the era of the industrial revolution 4.0 based on data, internet, and technology as well as human resources during this corona pandemic. There are 3 stages of the methodology in this research, namely data collection and processing, modeling, and modeling validation. The outcomes of this research prove that the phenomenon of rip current with rip current speeds occurs in the range 0.16 - 0.18 m/s which causes 2 tourists to die. It is hoped that the results of this research can be used as input for the stakeholder concerned for the development of coastal tourism in coastal areas on the south coast of East Java in making policies

Do Information and Communication Technologies Foster Economic Growth in Indonesia?

This paper investigates, using annual data from 1980 to 2014, whether adoption of information and communication technologies (ICT) fosters economic growth in Indonesia. We employ an Autoregressive Distributed Lag cointegration technique on an augmented neoclassical growth model. The empirical results indicate a positive effect of ICT development on economic growth in both the long-run and short-run. The other regressors, such as total factor productivity, human capital, and capital per worker, also positively affect economic growth. From a policy perspective, the Indonesian government should promote ICT development through greater investment

The trajectories of creative content protecting law in Indonesia: dealing with the challenge and advancing the potential

The article aims at determining the legal protection of creative content uploaded by the creators through online media as well as the challenges faced by the creators in protecting their works. This research includes descriptive normative of the legal research that describes the legal protection and the challenges faced by the creators in protecting their works. The secondary data are obtained from the case file of Agency France Presse v. Morel, Decision No. 68/HC/2005/PN.Niaga.Jkt.Pst, and Decision No. 056 PK/Pdt.Sus/2010. The collection of secondary data is done through literature study. Based on the results, it can be concluded that, first, United States copyright laws and the Digital Millennium Copyright Act (DMCA) have accommodated the protection of the works uploaded through online media even though they have not been registered in the relevant institution as demonstrated by the case of Agence France Presse v. Morel. Second, the Indonesian copyright law has some similarities to the articles of the DMCA used in the case of AFP v. Morel. Referring to the case No. 68/HC/2005/PN.Niaga.Jkt.Pst, in the case the copyright of the infringing logo has not been registered and it is registered by a party who is not the actual creator, it is decided that the registration can be cancelled with evidence presented at the trial. Several challenges faced in protecting creative content include the contractual relationships between users and service providers, the absence of copyright registration, and the characters of user in digital media. The terms of service set by service providers usually non-exclusive licenses or royalty free in which they can utilise the works in accordance with the existing provisions

Money velocity, digital currency, and inflation dynamics

This paper empirically investigates the impact of transaction cost-induced variations in the velocity of money on inflation dynamics, based on a structural New Keynesian Phillips curve (NKPC) with an explicit money velocity term. The money velocity effect arises from the role of money, both in physical and digital forms, in reducing the aggregate transaction costs and facilitating purchases of goods and services. We find a non-trivial aggregate impact in the context of the Indonesian economy: our benchmark estimates suggest that a 10% decrease in money velocity, which might be facilitated by a new digital currency (e.g. CBDC) issuance, would reduce the inflation rate by 0.6-1.7%, all else equal. Using the estimates and within a small-scale New Keynesian DSGE model, we analyze the potential implications of a CBDC issuance on aggregate fluctuations. A CBDC issuance that conservatively lowers the velocity of money by 5% is predicted to permanently raise the GDP level by 0.8% and lower the inflation rate by 0.8%. Both nominal and real interest rates are also permanently lower. Our findings imply that central banks could potentially use CBDCs as an additional stabilization policy tool by influencing the velocity