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      • KCI등재

        Macroeconomic Factors and Balance of Payment: Evidence from Indonesia

        Agus Eko Sujianto 대한산업공학회 2020 Industrial Engineeering & Management Systems Vol.19 No.1

        The study aims at examining the relationship of macroeconomic variables including exchange rates, national income, interest rates, and inflation on the balance of payments in Indonesia. This research applied a Vector Error Correction Model (VECM) to determine the relationship between variables in the short-term and the long-term period. This study used data from Bank Indonesia and Statistics Indonesia from 2010 to 2017. The findings show that in the long-term, all variables, including exchange rates, national income, interest rates, and inflation, have a significant effect on Indonesia’s balance of payment. In more detail, interest rates and national income have a significant positive effect on the balance of payments, in contrast, the exchange rates and inflation have a significant negative effect on Indonesia’s balance of payments. In the short-term, the exchange rate, national income, interest rates and inflation have no impact on Indonesia’s balance of payments.

      • KCI등재

        Do Real Interest Rate, Gross Domestic Savings and Net Exports Matter in Economic Growth? Evidence from Indonesia

        Agus Eko SUJIANTO,Pribawa E. PANTAS,Mashudi MASHUDI,Dwi Santosa PAMBUDI,Bagus Shandy NARMADITYA 한국유통과학회 2020 The Journal of Asian Finance, Economics and Busine Vol.7 No.11

        This study aims to measure the effects of real interest rate (RIR), gross domestic savings (GDS), and net exports (EN) shocks on Indonesia’s economic growth (EG). The focus on Indonesia is unique due to the abundant resources available in the nation, but they are unsuccessful in boosting economic growth. This study applied a quantitative method to comprehensively analyze the correlation between variables by employing Vector Autoregression Model (VAR) combined with Vector Error Correction Model (VECM). Various procedures are preformed: Augmented Dickey–Fuller test (ADF), Optimum Lag Test, Johansen Cointegration Test, Granger Causality Test, as well as Impulse Response Function (IRF) and Error Variance Decomposition Analysis (FEVD). The data were collected from the World Bank and the Asian Development Bank from 1986 to 2017. The findings of the study indicated that economic growth responded positively to real interest rate shocks, which implies that when the real interest rate experiences a shock (increase), the economy will be inclined to growth. While, economic growth responded negatively to gross domestic savings and net export shocks. Policymakers are expected to consider several matters, particularly the economic conditions at the time of formulating policy, so that the prediction effectiveness of a policy can be appropriately assessed.

      • KCI등재

        Service Quality and Consumer Satisfaction: An Empirical Study in Indonesia

        Lukman LUKMAN,Agus Eko SUJIANTO,Agus WALUYO,Muchlis YAHYA 한국유통과학회 2021 The Journal of Asian Finance, Economics and Busine Vol.8 No.5

        The purpose of this research paper is: (1) to describe the service quality index; (2) describe the data quality index; and (3) describe the anti-corruption index of BPS Trenggalek, Indonesia. The approach chosen is quantitative with the type of survey research. The primary data collection technique was mainly based on a questionnaire distributed to 40 respondents, namely BPS service users in 5 (five) categories: the private sector, the banking industry, academics, offices, or agencies in Trenggalek Regency and universities. The results showed that the quality of BPS services was good and the data quality index where the respondents were satisfied with the data presented by BPS. Meanwhile, testing the anti-corruption index shows that BPS Trenggalek is very anti-corruption in providing services to consumers. The findings of this study suggested that to improve service quality, it is necessary to pay attention to several aspects, including published service requirements, easy requirements to be fulfilled, published procedure information, clear service process flow, published service times, and costs/tariffs are communicated. This study suggests updating data, data relevance, data accessibility, and data completeness to improve data quality. Furthermore, to maintain the very anti-corruption predicate, this study suggests maintaining service by upholding the prevailing ethics and norms.

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        Factors Affecting Innovative Work Behavior: Mediating Role of Knowledge Sharing and Job Crafting

        Achmad Sani SUPRIYANTO,Agus Eko SUJIANTO,Vivin Maharani EKOWATI 한국유통과학회 2020 The Journal of Asian Finance, Economics and Busine Vol.7 No.11

        This study aimed to investigate the influence of spiritual leadership on innovative work behavior and the effect of knowledge sharing on job crafting. Furthermore, the roles of knowledge sharing as a mediator for the impact of spiritual leadership on innovative work behavior, and job crafting as a mediator for the relationship between variables, were also examined. This research employed quantitative analysis, including the PLS-SEM approach; SMART-PLS, a measurement and structural equation model was employed to explain the relationship between variables, and the effect of mediation. The population study consisted of all lecturers at the Faculty of Economics and Faculty of Economics and Business at the PTKIN in East Java, Indonesia, comprising 220 randomly-selected samples. The result showed spiritual leadership does not directly influence innovative work behavior, while knowledge sharing directly affects job crafting. The findings indicated knowledge sharing mediates the impact of spiritual leadership on innovative work behavior, and the role of job crafting as a mediator for the relationship between variables was accepted. Therefore, this research confirms a positive influence of knowledge sharing on job crafting, and indicates both factors play an important role in mediating between variables, and are important for lecturers’ innovative work behavior.

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