The issue of demography into an important discussion caused can affect economic growth and inequality in East Java Inequality in east Java showed an increase.Unequal distribution of income is a source of high inequality in East Java. This study aims to show the effectiveness of demographic changes can affect inequality in East Java with the approach of Overlapping Generations (OLG) model. The data used in this research is time series data in the first quarter of 2010- the fourth quarter 2015. Analyzer used in this research is Generalized Method of Moments (GMM). The results of this study show that demographic changes in East Java have the potential to increase inequality. The number of productive age populations with non-productive causes of high inequality. Consumption rate and the number of the productive workforces also become one of the sources of inequality. Therefore, the Settlement of inequality coupled with demographic changes in East Java needs the role of government through targeted social protection programs and infrastructure improvements. In addition, the need for land-based policies, opportunity-based policies, human resource capacity building policies, job matching.
Sukuk as a form of sharia investment are starting to be in great demand by investors because they are considered to have a lower level of risk and better performance and stability compared to conventional investments. However, conditions of global uncertainty pose a threat to the development of the national sharia economy. The purpose of this study was to analyze the influence of macroeconomic dynamics and financial market conditions consisting of exchange rates, international liquidity, foreign debt, debt repayment rates, and global economic policy uncertainty on the development of Indonesian sukuk. The research methodology used in this study is the multiple linear regression method using the ordinary least squares method. The results of this study indicate that macroeconomic and financial variables have a significant impact on the development of the sukuk market in Indonesia. Meanwhile, the global economic policy uncertainty variable has an insignificant influence on the development of the sukuk market in Indonesia. Thus, there is a need for new policy alternatives to maintain overall economic fundamental stability and maintain sufficient liquidity in all sectors. This aims to maintain investor confidence and create a conducive environment for the development of Islamic economics and the sukuk market in Indonesia. AbstrakSukuk sebagai salah satu bentuk investasi syariah mulai banyak diminati oleh investor karena dianggap memiliki tingkat resiko yang lebih rendah, memiliki kinerja dan stabilitas yang lebih baik dibandingkan dengan investasi konvensional. Namun, kondisi ketidakpastian global memberikan ancaman terhadap perkembangan ekonomi syariah nasional. Tujuan penelitian ini untuk menganalisis pengaruh dari dinamika ekonomi makro dan kondisi pasar keuangan yang terdiri dari nilai tukar, likuiditas internasional, utang luar negeri, dan tingkat pengembalian utang dan ketidakpastian kebijakan ekonomi global terhadap perkembangan sukuk Indonesia. Metode penelitian yang digunakan dalam penelitian ini yaitu metode regresi linear berganda dengan menggunakan metode Ordinary Least Square. Hasil dari penelitian ini menunjukkan bahwa variabel keuangan ekonomi makro memiliki pengaruh yang signifikan terhadap perkembangan pasar sukuk di Indonesia. Sedangkan variabel ketidakpastian kebijakan ekonomi global memiliki pengaruh yang tidak signifikan terhadap perkembangan pasar sukuk di Indonesia. Dengan demikian, perlu adanya alternatif kebijakan baru untuk tetap menjaga stabilitas fundamental ekonomi secara keseluruhan serta menjaga kecukupan likuiditas di segala sektor, hal ini bertujuan untuk menjaga kepercayaan investor serta membuat lingkungan yang kondusif bagi pengembangan pasar sukuk dan ekonomi islam di Indonesia.
Purpose: This study aims to analyze the indicators that play a role in the Indonesian marine and fisheries sector's development (investment in the fisheries sector, trade openness, fisheries net exports, global value chain (GVC) and fish production) towards the gross domestic product (GDP) of the fisheries sector. Theoretical framework: The theoretical framework builds on the New Trade Theory (NTT), a sustainable ocean economy, and global value chains. Design/methodology/approach: The panel vector autoregressive (PVAR) method is used to achieve the research gols. The data used is panel data for groups of provinces in Indonesia. Findings: The results of the estimated PVAR show that the investment of the fisheries sector has a negative and significant impact on the GDP of the fisheries sector, and GVC and fish production has a positive and significant impact on fisheries GDP. Whereas, Net-export and Trade openness have an insignificant impact on the GDP of fisheries. Research, Practical & Social implications: There is a need for an effective maritime policy to reduce the environmental impact of the development of coastal resources and preserve the diversity of fish production to face future threats. This is due to the constraints of international trade in the form of information or communication, technology, and regulations. Originality/value: Research related to the effect of investment in the fisheries sector, trade openness, fisheries net exports, GVC, and fish production on the GDP fishery in Indonesia and the data used is panel data for groups of provinces in Indonesia have never been done by other researchers.
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