Banking Development, Agriculture and ManufacturingIndustry Sector in Economic Growth in Indonesia: DoThey Influence?

Medyawati, Henny; Yunanto, Muhammad; University, Gunadarma

doi:10.7763/ijtef.2011.v2.123

Cited by 5 publications

(3 citation statements)

References 8 publications

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“…The 24 percent increase in volatility of GDP growth in Pakistan and 20 percent in Korea is caused by one percent volatility in growth of industrial sector. The results are supported by Medyawati and Yunanto (2011) for Indonesia and Azid, et. al.…”

Section: Volatility In Industrial Sectorsupporting

confidence: 67%

Volatility in Sectors and National Income Growth: A Comparative Analysis of Pakistan and South Korea

Khan¹,

Khan²,

Mahtab³

2015

European Journal of Economic Studies

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The study empirically investigated the impact of sectoral volatility on fluctuations in economic growth of Pakistan and South Korea (Korea). ADF unit root test is used to check the stationery of the data. Autoregressive Conditional Heteroscadasticity (ARCH) and Generalized Autoregressive Conditional Heteroscadasticity (GARCH) have been used for estimating the volatility in variables under analysis. The results revealed that there exists almost equal level of volatility in GDP growth rate of both countries. However, volatility in agriculture, industry, services, export and import sector varies for two nations. Greater volatility shocks exist in agriculture sector of Pakistan as compared to Korea. Volatility in industrial sector persists in Korean economy only but not to the greater extent. Almost equal level of volatility shocks have been observed in services and import sector of both economies. However, export sector has shown greater volatility shocks in Korea as compared to Pakistan. The results of regression analysis have shown that volatility in agriculture sector contributes more towards volatility in GDP growth of Pakistan as compared to Korea. The volatility in industrial sector almost equally contributes to volatility in GDP of both countries. On the other hand the volatility in services sector contributes more volatility in GDP of Korea as compared to Pakistan. The export sector volatility contributes to volatility in GDP of only Pakistan. Finally the imports sector volatility negatively impacts the GDP volatility in Pakistan but positively in Korea.

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Section: Volatility In Industrial Sectorsupporting

confidence: 67%

Volatility in Sectors and National Income Growth: A Comparative Analysis of Pakistan and South Korea

Khan¹,

Khan²,

Mahtab³

2015

European Journal of Economic Studies

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“…unit trusts, stocks). All works in this study were conducted in Indonesia, a fast growing and open economy with an active financial industry (Medyawati and Yunanto, 2011).…”

Section: Scale Developmentmentioning

confidence: 99%

An agency theory scale for financial services

Tan

Lee

2015

Journal of Services Marketing

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Purpose – The purpose of this paper is to draw on agency theory (AT) to develop and validate a scale to investigate customers’ loyalty towards salespersons under agency problems. Especially with credence services, customer-salesperson relationships are beset by problems that stem from personal differences and conflicts of interests. Design/methodology/approach – The context is financial investment services in Indonesia. Following Churchill’s (1979) procedure, initial qualitative surveys generated a pool of 44 items for the three AT asymmetries of risk, goal and information. Expert panel validation and exploratory factor analyses of a dataset (n = 429) confirmed a four-dimensional structure of 30 items. Finally, confirmatory factor analyses using a second dataset (n = 299) tested the effects of the four asymmetries on customer loyalty, and how the effects are moderated by customer trust and relationship duration. Findings – Overall, agency problems negatively influence customer loyalty. Information asymmetry has two discriminantly distinct dimension, quality and timeliness. Low trust amplifies the effects of all asymmetries, whereas relationship duration reduces the effects of only risk asymmetry. Comparison with a three-factor model shows that the four-factor scale is superior. Research limitations/implications – Service firms desiring long-term customer relationships need to be cognisant of potential asymmetries created by salespersons, and develop initiatives to minimise potential fallouts from each asymmetry. These include proper alignment of compensation structures, accurate and timely communications of product information, and matching risk profiles between customers and salespersons. Regular customer feedback regarding perceived asymmetries would also help early problem detection. Finally, the findings would inform the development of policy matters and industry best practices. Originality/value – Besides contributing to the small stream of research that applies AT to marketing, this study is the first to develop and validate an AT scale that incorporates all three asymmetries.

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“…While studies such as those by Nugraha & Usman [32], Bashir et al [33], Shahbaz et al [34], Prasetyani et al [35], and Bimanatya & Widodo [36] have examined the relationship between economic growth and greenhouse gas emissions, they did not include the agricultural sector. Similarly, studies like those by Bashir & Susetyo [37], Bashir et al [38], and Medyawati & Yunanto [39] have analyzed the connection between agriculture and economic growth but did not consider greenhouse gas emissions. Meanwhile, the study by Prastiyo et al [40] explored the relationship between agriculture and emissions but did not address economic growth.…”

Section: Introductionmentioning

confidence: 99%

Economic Growth, Agriculture, Capital Formation and Greenhouse Gas Emissions in Indonesia: FMOLS, DOLS and CCR Applications

Hardi,

Idroes,

Zulham

et al. 2023

Ekon. J. Econ.

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Economic growth drives increased demand for resources, placing greater pressure on the agricultural sector. While the adoption of advanced technologies and increased capital investment can enhance productivity, they also have environmental consequences, contributing to greenhouse gas emissions. Based on this interconnected issue, this study aims to examine the long-term relationships between economic growth, agricultural productivity, gross fixed capital formation, and greenhouse gas emissions in Indonesia, utilizing data from the period 1965-2021. The study employs the Dynamic Ordinary Least Squares (DOLS) and Fully-Modified Ordinary Least Squares (FMOLS) methods, and includes robustness checks using the Canonical Cointegration Regressions (CCR) method. To provide a more comprehensive insight, the study also employs the pairwise Granger causality approach to detect the direction of the relationships. In concise terms, the results suggest that agricultural productivity, gross fixed capital formation, and greenhouse gas emissions have a positive long-term influence on economic growth. Additionally, gross fixed capital formation has a negative effect, while economic growth has a positive long-term impact on agricultural productivity. Furthermore, agricultural productivity has a negative impact, while economic growth indicates a positive long-term effect on gross fixed capital formation. Moreover, economic growth positively influences greenhouse gas emissions over the long term. Lastly, the study found three bidirectional causalities, with greenhouse gas emissions as the central figure. These important findings provide crucial information for policymakers, economists, and environmentalists, giving a nuanced understanding of the intricate relationships between economic activities and environmental consequences, as well as aiding in the formulation of sustainable strategies for green economic growth, especially in Indonesia.

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Banking Development, Agriculture and ManufacturingIndustry Sector in Economic Growth in Indonesia: DoThey Influence?

Cited by 5 publications

References 8 publications

Volatility in Sectors and National Income Growth: A Comparative Analysis of Pakistan and South Korea

Volatility in Sectors and National Income Growth: A Comparative Analysis of Pakistan and South Korea

An agency theory scale for financial services

Economic Growth, Agriculture, Capital Formation and Greenhouse Gas Emissions in Indonesia: FMOLS, DOLS and CCR Applications

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