Research examining the determinants of export activities affecting economic growth during the pandemic is gaining global interest, particularly in Indonesia, which recently reduced its fuel subsidy as a unique case in this field. Hence, this study examines the role of export and macroeconomic conditions, including fuel price, exchange rate, and interest rate, in boosting Indonesia’s GDP during the crisis. We examine this relationship by conducting a structural equation model and path analysis on secondary data from 1995-2022. The result shows that both partially and simultaneously, fuel prices, exchange rates, and interest rates significantly affect exports. On the other hand, an increase in export activity improves Indonesian GDP. Thus, simultaneous control of fuel prices, exchange rate, interest rate, and export value can improve Indonesian GDP growth even during the crisis. Based on this result, this article proposes suggestions to the government for a stable fuel price, exchange rate, interest rate, and government policy to promote future economic growth.JEL Classification: E31, E43, F31, C32, O47
{"title":"The Role of Export in Boosting Indonesia’s GDP during Crisis: Macroeconomic Conditions","authors":"Francisca Sestri Goestjahjanti, Sahala Benny Pasaribu, Dewiana Novitasari, Istajib Kulla Himmy Azz, Winanti Winanti","doi":"10.15408/etk.v22i2.32381","DOIUrl":"https://doi.org/10.15408/etk.v22i2.32381","url":null,"abstract":"Research examining the determinants of export activities affecting economic growth during the pandemic is gaining global interest, particularly in Indonesia, which recently reduced its fuel subsidy as a unique case in this field. Hence, this study examines the role of export and macroeconomic conditions, including fuel price, exchange rate, and interest rate, in boosting Indonesia’s GDP during the crisis. We examine this relationship by conducting a structural equation model and path analysis on secondary data from 1995-2022. The result shows that both partially and simultaneously, fuel prices, exchange rates, and interest rates significantly affect exports. On the other hand, an increase in export activity improves Indonesian GDP. Thus, simultaneous control of fuel prices, exchange rate, interest rate, and export value can improve Indonesian GDP growth even during the crisis. Based on this result, this article proposes suggestions to the government for a stable fuel price, exchange rate, interest rate, and government policy to promote future economic growth.JEL Classification: E31, E43, F31, C32, O47","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":"100 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135789473","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-10-03DOI: 10.15408/etk.v22i2.30641
Desi Urdianti, Ika Nurul Qamari, Wan Hasmat Wan Hasan
Ethnic restaurants are currently a fascinating topic, as they promote specific ethnic cultures and provide customers with a chance to try something new and different. Ethnic restaurants often offer flavours that are truly representative of a certain culture. This research investigates the factors that influence customer perceived value in Japanese ethnic restaurants. Data were collected through an online survey completed by customers who had visited a Japanese ethnic restaurant, Marugame Udon, in Indonesia. The Structural Equation Model (SEM) was applied to test the hypotheses. The findings of this study demonstrate that food quality, employee service quality, and price fairness positively affect customers’ perceived value. In contrast, the dining atmospheric quality and restaurant authenticity do not affect customers' perceived value. Studies on customer perceived value in ethnic Japanese restaurants are still incredibly rare in the literature., especially in Indonesia and Malaysia. Thus, this study aims to fill that gap, providing valuable insights for future research and restaurant management.JEL Classification: M10, M11, M21
{"title":"Customer Perceived Value in Ethnic Japanese Restaurants: Which Factors are Considered?","authors":"Desi Urdianti, Ika Nurul Qamari, Wan Hasmat Wan Hasan","doi":"10.15408/etk.v22i2.30641","DOIUrl":"https://doi.org/10.15408/etk.v22i2.30641","url":null,"abstract":"Ethnic restaurants are currently a fascinating topic, as they promote specific ethnic cultures and provide customers with a chance to try something new and different. Ethnic restaurants often offer flavours that are truly representative of a certain culture. This research investigates the factors that influence customer perceived value in Japanese ethnic restaurants. Data were collected through an online survey completed by customers who had visited a Japanese ethnic restaurant, Marugame Udon, in Indonesia. The Structural Equation Model (SEM) was applied to test the hypotheses. The findings of this study demonstrate that food quality, employee service quality, and price fairness positively affect customers’ perceived value. In contrast, the dining atmospheric quality and restaurant authenticity do not affect customers' perceived value. Studies on customer perceived value in ethnic Japanese restaurants are still incredibly rare in the literature., especially in Indonesia and Malaysia. Thus, this study aims to fill that gap, providing valuable insights for future research and restaurant management.JEL Classification: M10, M11, M21","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":"2014 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135789474","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-10-03DOI: 10.15408/etk.v22i2.34353
Muniaty Aisyah
This study aims to analyze the Millennials' behavior influence on their decision to use an online halal marketplace in Indonesia, which is mediated by their perception as an intervening variable. A probability sampling technique with convenience sampling was used to calculate 100 from 125 collected primary data sets. The SEM-PLS statistical technique was used to analyze the relationships among variables. The findings showed that only technology adoption, opinions, broader activities, and Millennials’ perception influenced their decisions to use the online Halal marketplace, while success & status, personal health, and brand value & reward did not. Millennials’ perception is not an intervening variable for all indirect effects. It implies that Millennials consider online Halal marketplace has not been addressed to reserve the Muslim concerns, and their decision to use it did not necessarily derive from religious reasons. Online Halal marketplaces must combine more suitable marketing strategies to increase customer engagement with the Islamic brand by consistently delivering reliable Halal products and services to meet Millennials' needs while penetrating this segment.JEL Classification: M31, M37, L92
{"title":"Millennial’s Decision on the Use of Online Halal Marketplace in Indonesia","authors":"Muniaty Aisyah","doi":"10.15408/etk.v22i2.34353","DOIUrl":"https://doi.org/10.15408/etk.v22i2.34353","url":null,"abstract":"This study aims to analyze the Millennials' behavior influence on their decision to use an online halal marketplace in Indonesia, which is mediated by their perception as an intervening variable. A probability sampling technique with convenience sampling was used to calculate 100 from 125 collected primary data sets. The SEM-PLS statistical technique was used to analyze the relationships among variables. The findings showed that only technology adoption, opinions, broader activities, and Millennials’ perception influenced their decisions to use the online Halal marketplace, while success & status, personal health, and brand value & reward did not. Millennials’ perception is not an intervening variable for all indirect effects. It implies that Millennials consider online Halal marketplace has not been addressed to reserve the Muslim concerns, and their decision to use it did not necessarily derive from religious reasons. Online Halal marketplaces must combine more suitable marketing strategies to increase customer engagement with the Islamic brand by consistently delivering reliable Halal products and services to meet Millennials' needs while penetrating this segment.JEL Classification: M31, M37, L92","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":"212 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135789039","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
In Asian countries, the relationship between gender inequality and foreign direct investment (FDI) is a sensitive topic. Due to labor market limits and the advantageous effect of women's empowerment, gender inequality is thought to have a detrimental impact on economic development and FDI. This study aims to look into the influence of gender disparity on FDI inflows to Asian countries. Our data includes 43 Asian nations and spans the years 1990 to 2018. We discover that reduced tertiary-level education and health gaps play a decisive role in FDI inflow into Asian countries using the Generalized Method of Moments (GMM). The findings are crucial to devising policies to minimize the gap in gender equality and promote FDI.JEL Classification: J01, J10
{"title":"Gender Inequality and Foreign Direct Investment: Empirical Evidence from Asian Countries","authors":"Sujan Chandra Paul, Israt Jahan Rupa, Mallika Saha, Md. Abir Hossain","doi":"10.15408/etk.v22i2.27099","DOIUrl":"https://doi.org/10.15408/etk.v22i2.27099","url":null,"abstract":"In Asian countries, the relationship between gender inequality and foreign direct investment (FDI) is a sensitive topic. Due to labor market limits and the advantageous effect of women's empowerment, gender inequality is thought to have a detrimental impact on economic development and FDI. This study aims to look into the influence of gender disparity on FDI inflows to Asian countries. Our data includes 43 Asian nations and spans the years 1990 to 2018. We discover that reduced tertiary-level education and health gaps play a decisive role in FDI inflow into Asian countries using the Generalized Method of Moments (GMM). The findings are crucial to devising policies to minimize the gap in gender equality and promote FDI.JEL Classification: J01, J10","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135789045","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-10-03DOI: 10.15408/etk.v22i2.32172
Dede Setiono
The extractive industry typically contributes limited direct employment in host countries, prompting some nations to consider export restrictions on raw materials to enhance domestic job opportunities. However, scholarly opinions on the efficacy of these policies vary widely. This study addresses this gap by utilizing an extensive dataset spanning over a decade and encompassing diverse countries. Employing a fixed-effect Ordinary Least Square (OLS) regression model with panel data from 74 countries from 2009 to 2021, this paper shows that raw material export restrictions do not affect employment rates. This fact challenges the prevailing notion that export restrictions inherently boost domestic employment. Consequently, a more comprehensive strategy, including economic diversification, technological investment, and alternative job creation measures alongside export controls, is essential to effectively address employment challenges within the extractive sector.JEL Classification: F1, J2, O1
{"title":"Impact of Raw Material Export Restrictions on Employment: Evidence from Panel Data","authors":"Dede Setiono","doi":"10.15408/etk.v22i2.32172","DOIUrl":"https://doi.org/10.15408/etk.v22i2.32172","url":null,"abstract":"The extractive industry typically contributes limited direct employment in host countries, prompting some nations to consider export restrictions on raw materials to enhance domestic job opportunities. However, scholarly opinions on the efficacy of these policies vary widely. This study addresses this gap by utilizing an extensive dataset spanning over a decade and encompassing diverse countries. Employing a fixed-effect Ordinary Least Square (OLS) regression model with panel data from 74 countries from 2009 to 2021, this paper shows that raw material export restrictions do not affect employment rates. This fact challenges the prevailing notion that export restrictions inherently boost domestic employment. Consequently, a more comprehensive strategy, including economic diversification, technological investment, and alternative job creation measures alongside export controls, is essential to effectively address employment challenges within the extractive sector.JEL Classification: F1, J2, O1","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":"98 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135789469","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-04DOI: 10.15408/etk.v22i1.25222
F. Singagerda, Andi Desfiandi, Elin R Marantika
This study aimed to determine the performance of tourism investment and trade in Indonesia following the outbreak of COVID-19 and other economic and non-economic factors. Goods and services for Indonesian tourism from 8 sample countries over 26 years were examined using a tourism economy approach and a gravity panel model of the flow of investment and trade. Regarding research originality, the model developed is constructing tourism economic theory applying the Keynesian method. The results showed that economic factors, such as GDP per capita, interest rates, exchange rates, prices, and economic distance, and non-economic factors, such as population, travel alerts, and pandemics, significantly affect investment flows and the tourism trade. Furthermore, tourism competitiveness increased globally in 2019. However, potential economic leakage in FDI and trade were identified. As a result, the government must emphasize long-term and efficient investment and trade in the tourism sector, particularly in the context of systemic shocks such as a pandemic.JEL Classification: C58, D58, Z32, Z38How to Cite:Singagerda, F. S., Desfiandi, A., & Marantika, E.R. (2023). The Gravity Model of Indonesian Tourism Trade and Investment. Etikonomi, 22(1), 143–154. https://doi.org/10.15408/etk.v22i1.25222.
{"title":"The Gravity Model of Indonesian Tourism Trade and Investment","authors":"F. Singagerda, Andi Desfiandi, Elin R Marantika","doi":"10.15408/etk.v22i1.25222","DOIUrl":"https://doi.org/10.15408/etk.v22i1.25222","url":null,"abstract":"This study aimed to determine the performance of tourism investment and trade in Indonesia following the outbreak of COVID-19 and other economic and non-economic factors. Goods and services for Indonesian tourism from 8 sample countries over 26 years were examined using a tourism economy approach and a gravity panel model of the flow of investment and trade. Regarding research originality, the model developed is constructing tourism economic theory applying the Keynesian method. The results showed that economic factors, such as GDP per capita, interest rates, exchange rates, prices, and economic distance, and non-economic factors, such as population, travel alerts, and pandemics, significantly affect investment flows and the tourism trade. Furthermore, tourism competitiveness increased globally in 2019. However, potential economic leakage in FDI and trade were identified. As a result, the government must emphasize long-term and efficient investment and trade in the tourism sector, particularly in the context of systemic shocks such as a pandemic.JEL Classification: C58, D58, Z32, Z38How to Cite:Singagerda, F. S., Desfiandi, A., & Marantika, E.R. (2023). The Gravity Model of Indonesian Tourism Trade and Investment. Etikonomi, 22(1), 143–154. https://doi.org/10.15408/etk.v22i1.25222.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2023-03-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44006183","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-04DOI: 10.15408/etk.v22i1.26632
R. Astuti, D. Hartono
Financial inclusion may accelerate food insecurity reduction, an issue in Indonesia’s development. However, studies examining the relationship between financial inclusion and food security remain inconclusive and scarce in Indonesia. Therefore, this study aims to analyze how strong the relationship between those variables is, both in general and within specific groups. This study mainly used data from the National Socio-Economic Survey (Susenas) 2020. Food security is measured by dietary diversity score (DDS), while financial inclusion is measured by household accessibility to savings and credit. The association between those variables is examined using the Ordinary Least Square (OLS) method. The results show that financial inclusion is positively related to household food security at a significant level, in general, and according to poverty status and location category. Therefore, expanding financial inclusion may be suggested as an alternative to improve food security. JEL Classification: C31, G20, O10 How to Cite:Astuti, R.,& Hartono, D. (2023). Improving Food Security through Financial Inclusion. Etikonomi, 22(1), 15–30. https://doi.org/10.15408/etk.v22i1.26632.
{"title":"Improving Food Security through Financial Inclusion","authors":"R. Astuti, D. Hartono","doi":"10.15408/etk.v22i1.26632","DOIUrl":"https://doi.org/10.15408/etk.v22i1.26632","url":null,"abstract":"Financial inclusion may accelerate food insecurity reduction, an issue in Indonesia’s development. However, studies examining the relationship between financial inclusion and food security remain inconclusive and scarce in Indonesia. Therefore, this study aims to analyze how strong the relationship between those variables is, both in general and within specific groups. This study mainly used data from the National Socio-Economic Survey (Susenas) 2020. Food security is measured by dietary diversity score (DDS), while financial inclusion is measured by household accessibility to savings and credit. The association between those variables is examined using the Ordinary Least Square (OLS) method. The results show that financial inclusion is positively related to household food security at a significant level, in general, and according to poverty status and location category. Therefore, expanding financial inclusion may be suggested as an alternative to improve food security. JEL Classification: C31, G20, O10 How to Cite:Astuti, R.,& Hartono, D. (2023). Improving Food Security through Financial Inclusion. Etikonomi, 22(1), 15–30. https://doi.org/10.15408/etk.v22i1.26632.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2023-03-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44343558","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-04DOI: 10.15408/etk.v22i1.25271
Makhdalena Makhdalena, Desi Zulvina, Yani Zulvina, Rizky Windar Amelia, A. Wicaksono
Several studies primarily investigate the influence of environmental, social, and governance on firm performance in a developed country where markets have matured, and investors are aware of corporate social responsibility activities. Therefore, studies in developing countries are still rare and mixed. This study examines the effect of Environmental, Social, and Governance (ESG) information on firm performance in ASEAN developing countries. We observed companies in ASEAN developing countries (Indonesia, Malaysia, Philippines, Thailand, and Vietnam) during 2010-2020. The information on ESG score and ROA as a proxy for firm performance measures ESG. Regression test results showed that ESG has a positive effect on firm performance. We also found that three components of ESG, environmental, Social, and Governance, positively affect firm performance. Robustness test results showed that overall ESG information, environmental information, and social initiatives affect the firm’s market performance (Tobin’s Q). Research originality in this study proves that developing countries have a positive effect between ESG disclosure and company performance. ESG, in the long term, would build effective governance and increase shareholder value. The research implication is to suggest a company has ESG information due to empirical testing that ESG information enhances a firm operational and market performance.JEL Classification: G30, Q56, Q50How to Cite:Makhdalena., Zulvina, D., Zulvina, Y., Amelia, R. W., & Wicaksono, A. P. (2023). Environmental, Social, Governance, and Firm Performance in Developing Countries: Evidence from Southeast Asian. Etikonomi, 22(1), 65–78. https://doi.org/10.15408/etk.v22i1.25271.
{"title":"ESG and Firm Performance in Developing Countries: Evidence From ASEAN","authors":"Makhdalena Makhdalena, Desi Zulvina, Yani Zulvina, Rizky Windar Amelia, A. Wicaksono","doi":"10.15408/etk.v22i1.25271","DOIUrl":"https://doi.org/10.15408/etk.v22i1.25271","url":null,"abstract":"Several studies primarily investigate the influence of environmental, social, and governance on firm performance in a developed country where markets have matured, and investors are aware of corporate social responsibility activities. Therefore, studies in developing countries are still rare and mixed. This study examines the effect of Environmental, Social, and Governance (ESG) information on firm performance in ASEAN developing countries. We observed companies in ASEAN developing countries (Indonesia, Malaysia, Philippines, Thailand, and Vietnam) during 2010-2020. The information on ESG score and ROA as a proxy for firm performance measures ESG. Regression test results showed that ESG has a positive effect on firm performance. We also found that three components of ESG, environmental, Social, and Governance, positively affect firm performance. Robustness test results showed that overall ESG information, environmental information, and social initiatives affect the firm’s market performance (Tobin’s Q). Research originality in this study proves that developing countries have a positive effect between ESG disclosure and company performance. ESG, in the long term, would build effective governance and increase shareholder value. The research implication is to suggest a company has ESG information due to empirical testing that ESG information enhances a firm operational and market performance.JEL Classification: G30, Q56, Q50How to Cite:Makhdalena., Zulvina, D., Zulvina, Y., Amelia, R. W., & Wicaksono, A. P. (2023). Environmental, Social, Governance, and Firm Performance in Developing Countries: Evidence from Southeast Asian. Etikonomi, 22(1), 65–78. https://doi.org/10.15408/etk.v22i1.25271.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2023-03-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47723971","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-04DOI: 10.15408/etk.v22i1.25617
Mediany Kriseka Putri, Andriani Natasha Putri
The presence of the entrepreneurial marketing concept is considered capable of overcoming marketing problems in MSMEs. This study aims to determine the specific magnitude of the influence score given by each entrepreneurial marketing dimension to MSMEs in Bengkulu City. This study focuses on culinary MSMEs that are the mainstay sector of the region. The effective and relative contribution has been used to measure the influence score of its dimension on performance and 183 questionnaires are distributed to the owners of MSMEs in Bengkulu City. The results show that the dimension of resource leverage most dominantly affects business performance. Meanwhile, calculated risk-taking has a minor effect. Essentially, culinary MSME business actors in Bengkulu City must improve their ability to effectively predict the problem in the future that can be done by joining risk management certification or webinar.JEL Classification: L25, L26, L66How to Cite:Putri, M. K., & Putri, A. N. (2023). Entrepreneurial Marketing Impact Score on MSME Performance Through Its Dimension. Etikonomi, 22(1), 79–92. https://doi.org/10.15408/etk.v22i1.25617.
{"title":"Entrepreneurial Marketing Impact Score on MSME Performances Through Its Dimension","authors":"Mediany Kriseka Putri, Andriani Natasha Putri","doi":"10.15408/etk.v22i1.25617","DOIUrl":"https://doi.org/10.15408/etk.v22i1.25617","url":null,"abstract":"The presence of the entrepreneurial marketing concept is considered capable of overcoming marketing problems in MSMEs. This study aims to determine the specific magnitude of the influence score given by each entrepreneurial marketing dimension to MSMEs in Bengkulu City. This study focuses on culinary MSMEs that are the mainstay sector of the region. The effective and relative contribution has been used to measure the influence score of its dimension on performance and 183 questionnaires are distributed to the owners of MSMEs in Bengkulu City. The results show that the dimension of resource leverage most dominantly affects business performance. Meanwhile, calculated risk-taking has a minor effect. Essentially, culinary MSME business actors in Bengkulu City must improve their ability to effectively predict the problem in the future that can be done by joining risk management certification or webinar.JEL Classification: L25, L26, L66How to Cite:Putri, M. K., & Putri, A. N. (2023). Entrepreneurial Marketing Impact Score on MSME Performance Through Its Dimension. Etikonomi, 22(1), 79–92. https://doi.org/10.15408/etk.v22i1.25617.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2023-03-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46021967","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-04DOI: 10.15408/etk.v22i1.24617
Allah Ditta Nawaz, N. Bhutto, Shabeer Khan
Using monthly data spanning from 1993 to 2021 and employingthe DCC-GARCH model, this study examines the role ofEconomic Policy Uncertainty (EPU) as a potential exogenousfactor impacting the correlation of Brazil, Russia, India, andChina (BRIC) economies’ stock markets, which is new to theliterature. Further, this dynamic correlation series is used as adependent variable while EPU of BRIC and USA is used as anindependent variable by utilizing the autoregressive distributedlag (ARDL) model. The study finds a positive and significantshort-run as well as the long-run impact of Russia’s and theUS’s EPU on their stock markets. In other words, as the EPUof the USA increases, the correlation of BRIC with the USAStock Market and the World Stock Market increases, suggestingminimum diversification opportunities for the investors. Thestudy also recommends that investors diversify their portfoliosby considering cross borders assets avenues to gain maximumreturns and reduce portfolio risk.JEL Classification: E44, C32, E52, E60, E62, C58How to Cite:Nawaz, A. D., Bhutto, N. A., & Khan, S. (2023). The Spillover Effect of Global Uncertainty on BRICS Stock Markets. Etikonomi, 22(1), 45–64. https://doi.org/10.15408/etk.v22i1.24617.
{"title":"The Spillover Effect of Global Uncertainty on BRICS Stock Markets","authors":"Allah Ditta Nawaz, N. Bhutto, Shabeer Khan","doi":"10.15408/etk.v22i1.24617","DOIUrl":"https://doi.org/10.15408/etk.v22i1.24617","url":null,"abstract":"Using monthly data spanning from 1993 to 2021 and employingthe DCC-GARCH model, this study examines the role ofEconomic Policy Uncertainty (EPU) as a potential exogenousfactor impacting the correlation of Brazil, Russia, India, andChina (BRIC) economies’ stock markets, which is new to theliterature. Further, this dynamic correlation series is used as adependent variable while EPU of BRIC and USA is used as anindependent variable by utilizing the autoregressive distributedlag (ARDL) model. The study finds a positive and significantshort-run as well as the long-run impact of Russia’s and theUS’s EPU on their stock markets. In other words, as the EPUof the USA increases, the correlation of BRIC with the USAStock Market and the World Stock Market increases, suggestingminimum diversification opportunities for the investors. Thestudy also recommends that investors diversify their portfoliosby considering cross borders assets avenues to gain maximumreturns and reduce portfolio risk.JEL Classification: E44, C32, E52, E60, E62, C58How to Cite:Nawaz, A. D., Bhutto, N. A., & Khan, S. (2023). The Spillover Effect of Global Uncertainty on BRICS Stock Markets. Etikonomi, 22(1), 45–64. https://doi.org/10.15408/etk.v22i1.24617.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2023-03-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48028416","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：