Quantum

Yulistiyono H., Kurriwati N.

Cooperatives play a strategic role as the backbone of Indonesia’s economy, particularly in Sumenep Regency, but still face various challenges in developing and optimizing their role. This study aims to analyze the key factors influencing cooperative development programs and formulate policy priorities to strengthen the role of cooperatives in the community’s economy, especially for their members. The analytical hierarchy process (AHP) method is used to identify and determine priority weights for various factors and policy alternatives. The analysis results show that there are four main factors influencing cooperative development programs, namely cooperative institutions (weight 32.75%), cooperative business (24.81%), KSP/USP cooperatives (22.28%), and cooperative human resource skills (20.16%). policy priorities for each factor are also identified, with increasing institutional capacity and quality of cooperative services as the highest priority for the cooperative institutions factor, increasing the business capacity of cooperatives and their members for the cooperative business factor, improving the capacity of KSP/USP managers for the KSP/USP cooperatives factor, and enhancing the human resources of cooperative managers and members for the cooperative human resource skills factor. The implementation of targeted policies based on identified priorities is expected to encourage cooperatives to be more adaptive in facing global economic challenges and increase the competitiveness of cooperatives as the pillar of the national economy. This research provides an important contribution to the formulation of comprehensive cooperative empowerment, considering the complexity of challenges and specific needs of the cooperative sector in Sumenep Regency.

Prasetyo A.S., Wantara P., Umar D.M.

The creative economy in Bangkalan and Sampang Regencies continues to be developed. This research aims to formulate a strategy for developing the creative economy of the culinary subsector in the Tanjung Bumi Blue Beach tourist spot, Bangkalan Regency, and Lon Beach, Malang, Sampang Regency, because they act as economic drivers in Bangkalan and Sampang Regency. The method used in this research is multiple regression, with as many micro and small enterprises as possible, with as many as 152 samples. The estimation results show that capital, labor, raw materials for production, and electrical energy have a significant effect on production sold by traders. Still, the use of technology has not had a significant effect on production sold by traders. The Research results found that culinary MSMEs in the Blue Beach and Lon Malang tourist destination have not yet optimized digitalization. For example, they lack mastery of technology and have not used e-payment, so they have not been able to increase revenue.

Leasiwal T.C., Hanoeboen B.R., Assel M.R., Tobing S.A.

This study aims to analyze the effect of exports, imports, and domestic investment on the inflation rate in Indonesia in the short and long term. The data used is secondary data for the period 1992-2021. The analysis method used is the auto regressive distributed lag model. The results of this study indicate that in the short term, the inflation rate in Indonesia is influenced by the previous year’s inflation, exports and exports the last year, imports the prior year, and investments the previous year. Meanwhile, in the long term, investment has a significant effect on the inflation rate, but exports and imports are not important.

Makhfudhah N.I., Rasyid M.

This paper aims to evaluate the effectiveness of fiscal incentives in promoting green investments, focusing on their economic and environmental impacts. Using a Stochastic Frontier Analysis (SFA) approach, this study assesses how different forms of fiscal support, including tax credits, subsidies, and accelerated depreciation, influence the efficiency of green investments across multiple sectors. Data is sourced from a global database of green projects with a focus on renewable energy, energy efficiency, and carbon reduction initiatives. The results suggest that fiscal incentives play a significant role in improving the adoption of sustainable technologies but also highlight inefficiencies in the allocation of these incentives. Recommendations for improving policy design and implementation are discussed, based on findings related to the cost-effectiveness and performance of current green investment strategies.

Purwanto H., Irawati A., Wantara P.

Sustainable development goals (SDGs) are a global agenda for sustainable development. The creative economy is an important part of sustainable development. The objectives of this study are to: (1) analyze the contribution of the creative economy in realizing the SDGs in Sampang district, and (2) analyze the role of multi-stakeholders in developing the creative economy sustainably. The type of research used in this study is qualitative descriptive research, with a case study approach. The results of this study are: (1) The creative economy contributes to the SDGs, including: no poverty (Goal 1), gender equality (Goal 5), decent work and economic growth (Goal 8), industry, innovation and infrastructure (Goal 9), reducing inequality (Goal 10), sustainable cities (Goal 11), sustainable consumption and production patterns (Goal 12), peaceful and inclusive societies (Goal 16) and means of implementation and global partnerships (Goal 17). (2). The role of multi-stakeholders in developing sustainable tourism is not yet fully apparent. Collaboration can connect elements of business, government, community, academics, and media in order to realize the creative economy sector sustainably. Attention and commitment from multistakeholders are needed, especially the Sampang district government. Collaboration between actors, between sectors, and between lines in the development of the creative economy must be maintained sustainably and integrated.

Mayvani T.C., ‎ S.

Madura has a variety of creative economic potential. Mainly the contribution of the creative economy in Madura which involves elements of socio-cultural diversity. This diversity can be an added value for Madura’s creative economy. The research is based on finding what aspects affect the competitiveness of Madura’s creative economy and determining the development strategies needed to improve the competitiveness of the creative economy in Madura. This research uses quantitative methods, such as path analysis and AHP analysis. The results of this study indicate that 1) factors that significantly affect the improvement of Madura’s creative economy competitiveness are the level of Competition and Corporate Strategy, Product Demand Factors, and Opportunity Factors; and 2) strategies that are a priority that must be considered in the development of creative economy competitiveness in Madura are corporate and competitor strategies by paying attention to aspects of promotional facilities.

Zaman M.H., Wahyuningsih D.

The purpose of this study was to analyses the domestic moneter policy, inflation and international trade responses to the Fed’s federal fund reserve (FFR) shock in the emerging market of Southeast Asian such Indonesia, Malaysia, Viet Nam, Thailand, and Philipine. The data analysis method used was Vector Autoregression (VAR) to persive the domestic interest rate, exported, imported and inflation to the Fed’s federal fund reserve (FFR) shock as well as exported, imported and inflation variables response to the domestic interest rate changed in each country. The result of study shown that the Fed’s federal fund reserve (FFR) shock results diverse responses in each country. These reflecte the difference of economic structure and monetery policy. The response of exported, imported, and inflation variables on the domestic interest rate changed also have a response variation each country. This finding confirms that domestic monetery policy need to be adjusted with economic circumstance and trade characteristic in each country to address external shock such ach the Fed’s federal fund reserve (FFR) policy.

Cahyono J.P., Haryanto T., Kusumawardani D., Purwono R.

Sustainable tourism development is increasingly recognized as vital for balancing economic growth with environmental conservation, particularly in regions like Indonesia, where tourism is a crucial driver of the economy. However, the effectiveness of current public policies in promoting sustainable tourism remains to be determined. This study aims to evaluate the effectiveness of public policies on sustainable tourism development in Indonesia through a comprehensive systematic literature review. A rigorous selection of studies was conducted using the PICOC (Population, Intervention, Comparison, Outcome, Context) framework, analyzing successful and underperforming policies. The review identifies significant gaps, including poor policy coordination, stakeholder conflicts, and resource limitations, which hinder the successful implementation of sustainable practices. The findings suggest that enhancing policy integration, increasing stakeholder engagement, and incorporating advanced technologies for better resource management are critical for achieving sustainability goals. The study provides evidence-based recommendations for policymakers to improve Indonesia’s tourism policies’ efficiency and adaptability. These insights are essential for aligning public policies with the sustainable development goals (SDGs), ensuring long-term sustainability in the rapidly expanding tourism sector.

Baransano V.T., Allo A.G., Bawole R.

Tourism is one of the sectors that can be used as a mainstay for economic growth in a region oriented towards sustainable development. The tourism sector in this study uses the proxy of the accommodation and food and beverage provision sector. This study aims to see the multiplier effect value arising from investments made in the tourism sector locally (in West Papua Province) and nationally (in all provinces). The approach used in seeing the multiplier effect value is Inter-Regional Input Output (IRIO). The analysis results show that the multiplier effect value of investment in the tourism sector in West Papua Province is 1.51 times the investment value that will be received by West Papua Province and 1.86 times the total investment for the nation. This shows that the tourism sector can be used as one of the options for improving the economy of West Papua Province with the concept of sustainable development.

Rasyid M., Hatta F.A.

The purpose of this paper is to analyze the development of global religious tourism based on the results of the latest report from the Global Muslim Travel Index (GMTI) in 2024. The GMTI is a strategic index designed to assess the readiness of a tourist destination to attract Muslim tourists, both from Muslim-majority and non-Muslim countries. The index reflects the destination’s commitment to providing services that align with Muslim needs and values, as well as offering a safe, comfortable, and Islamic principles travel experience. GMTI also plays a role in mapping out new opportunities in the halal tourism sector, which has great potential to continue to grow in the future. The results of the assessment from the GMTI study show that Malaysia has consistently been the main reference in global religious tourism. Recently, Indonesia has also emerged as the first ranking in the GMT qualifiers. Surprisingly, it turns out that Saudi Arabia, which is the main reference for Muslim worship, is still in third place. These results show that the potential for religious tourism in Malaysia and Indonesia is still very high.

Ambariyanto A., Adiba E.M., Haq F.U., Maslakha I.R.

The research aims to identify and address harnessing and leveraging existing assets within a community to foster a robust halal ecosystem. This paper explores a case study of halal SMEs that uses a community development framework called asset based community dDevelopment (ABCD) that emphasizes the identification and enhancement of the inherent strengths of communities to promote resilience and adaptability in challenging circumstances. Additionally, surveys and interviews with stakeholders, including SME owners and policymakers, are conducted to provide empirical insights into empowering halal SMEs. Data were collected using an asset-based community development approach including interviews, focus group discussions (FGD), and asset mapping. The paper argues that by recognizing and utilizing the tangible and intangible assets of Halal SMEs, such as cultural knowledge, community networks, and entrepreneurial spirit, these businesses can thrive and contribute significantly to the broader Halal market. Furthermore, this study identifies several empowerment strategies that can be implemented, including capacity building, market access, financial support, and networking opportunities. Identifying assets in the community can be the best solution for SMEs development by changing their paradigm, looking at their potential capacity, and not only focusing on problems. The implementation of an asset-based model could be a community engagement model for developing halal ecosystems.

Kamil A., Hatta F.A.

The halal food industry has experienced significant growth in line with the increasing awareness among Muslim consumers about the importance of using products that comply with Sharia principles. This trend is not only happening in Muslim-majority countries but also across the globe. Several countries have developed their own halal standards and recognized the potential of the global halal industry. The halal standard recognized in Indonesia is the Halal Standard by the Halal Product Assurance Agency (BPJPH), while in Malaysia, it is by JAKIM. The objective of this study is to examine and compare the halal food industry standards practiced in Indonesia and Malaysia. This research analyzes the standards and performance of the halal industry in Indonesia. The study uses a descriptive statistical research methodology by analyzing data from literature reviews of journal publications, official BPJPH reports, and websites. The halal food industry in Indonesia has experienced significant growth, driven by increasing consumer awareness of the importance of halal certification and regulatory support, especially after the enactment of the Halal Product Assurance Law (UU JPH). In Indonesia, the halal assurance system (HAS) is implemented in accordance with MUI and BPJPH regulations through HAS 23103:2012. In Malaysia, JAKIM oversees halal awareness programs and regulates food production facilities based on standards documented in the Malaysian Halal Management System (MHMS) 2020, the Malaysian Halal Certification Procedure Manual 2014 and 2020, and MS 1500: 2019 (Halal Food).

‎ S., Idealis A.R., Shukri M.

This study will analyze some factors that influence on international tourism visitors. Almost all determine factor from social and several economic factors. The subject observations in this research are ASEAN countries (Indonesia, Malaysia, Thailand, and Philippines) and four Asia Pacific countries (Korea, Japan, China, and India) and we called ASEAN plus 4. This research was estimated by the panel model with time observation from 2009 until 2020. Using the panel model, the dependent variable in this study is international tourism arrivals. The independent variables include the nominal effective exchange rate, real effective exchange rate, infrastructure index, criminal index, safety index, pollution index, and living cost index. The result of almost all variables are normally distributed. Meanwhile, cointegration test shows all of the variables cointegrated on the first derivative logarithm, so there is a long-term relationship between variables at the rate of change. The random effect panel model was indicated the whole variable was significant to the international tourist arrivals in ASEAN plus 4 countries. Another evidence from the result, the conclusion that appreciation of the exchange rate made bring down of international tourist visitors. However, decreasing on exchange rate raise of international tourist. The other result expressed the raise of criminality and safety made declines the number of international tourist visitors, the increasing on pollution and living cost made increasing the number of international tourism arrivals. The conclusion that several economic and social factors such as a depreciation of exchange rate and the increase in the cost of living and pollution had a positive and significant impact on the rise of international tourist arrivals. However, the appreciation in the exchange rate, raise on criminality and safety had an impact on declining on international tourists.

Afin R.

Firm survival in dynamic business environments is significantly influenced by the strength of a firm’s intersectoral linkages. While the impact of backward linkages on firm performance has been widely studied, their effect on firm survival remains unclear, especially in emerging economies like Indonesia. This study investigates the effects of both backward and forward linkages on the survival of manufacturing firms in East Java, Indonesia, using a survival analysis approach coupled with Survival-time inverse-probability-weighted regression adjustment (STIPWRA). Analysis of enterprise- level large and medium industry survey data from 1995 to 2015 (published by the Central Bureau of Statistics (BPS)), complemented by Input-Output tables for 2000, 2005, 2010, and 2015, revealed that while backward linkages did not significantly impact survival, forward linkages had a positive and significant impact. Firms with strong forward linkages demonstrated greater resilience and longer survival times. These findings highlight the crucial role of forward-looking strategies, like cultivating strong customer relationships and market positioning, for the long-term sustainability of manufacturing firms. Policy implications center on fostering robust forward linkages through strategic investments in infrastructure, R&D, and workforce training to enhance the competitiveness of East Javan manufacturing enterprises.

Nugroho R.Y., Adiyanto M.R., Faizza S.N.

This article highlights the significant role that financial services play in enhancing economic growth, particularly in the context of tourism, which is a vital contributor to the Indonesian economy. The study reveals that while the tourism sector has shown resilience and recovery post-COVID-19, with domestic tourist trips surpassing pre-pandemic levels, there remains a critical gap in the literature regarding the interplay between tourism and financial inclusion. This research employs a quantitative methodology and employs a dynamic panel method to conduct an analysis of data gathered from 33 provinces between the years 2019 and 2023. In addition to concentrating on important factors like the utilisation of electronic money and the proportion of third-party funds that contribute to GDP, we will also be looking at regional macroeconomic data, namely per capita income and economic growth. The results of this research indicate that there is a considerable connection between the use of e-money, which is a component of the digital payment system, and the impact of macroeconomic factors on the expansion of domestic tourism.