THE EFFECT OF FINANCIAL INCLUSION ON ECONOMIC GROWTH IN INDONESIA

Authors

  • Novia Ratna Dewi Universitas Jember
  • Herman Cahyo Diartho
  • Zainuri Zainuri Universitas Jember, Indonesia

DOI:

https://doi.org/10.29040/ijebar.v7i1.7647

Abstract

This study discusses the effect of financial inclusion, e-money infrastructure and inflation on economic growth in Indonesia, from an economics standpoint, using a quantitative approach, collecting monthly secondary data from January 2014 to December 2021, which is the starting year. The financial inclusion variable contributes up to 35% in the sixth to tenth period proving that it gives significant positive effect on the growth variable.

References

Chhikara, K.S., & Kodan, A.S. (2011). Financial inclusion, development and its determinants: An evidence of Indian state, Asian Economic Review, April 2011, Indian Institute of Economics, Hyderabad.

Dixit, R., and Ghosh, M. (2013). Financial Inclusion for Inclusive Growth of India a Study of Indian States. International Journal of Business Management & Research. 3(1), 147–156.

Gangopadhayay, S. (2009). How can Technology Facilitatate Financial Inclusion in India?A discussion paper. Review of Market Integration1(2),223-256.

Gheysari, H., Rasli, A., Roghanian, P., & Jebur, H. (2012). The Role of information technology infrastructure capability (ITIC) in management.International Journal of Fundemental Psychology and Social Sciences, 2(2), 36-40.

Hannig, Alfred dan Jansen, Stefan. (2010). Financial Inclusion and Financial Stability : Current Policy Issues. Asian Development Bank Institute Working Paper.

Idowu, P.A., Aliu, A.O., & Adagunodo, E.R. (2002). The effect of information techonology on the growth of the banking industry in Nigeria. TheElectronic Journal on Information System in Developing Countries,EJISDC, 10(2), 1-8.

Jack, W., & Suri, T. (2012). M-PESA extends its reach, Mobile Money for the Unbanked Blog Post.

Jumiati, A., & Diartho, H. (2022). Infrastruktur Dan Pertumbuhan Ekonomi Di Indonesia. Jurnal Ekuilibrium, 6(1), 39-48. Retrieved from https://jurnal.unej.ac.id/index.php/JEK/article/view/31321

Musa Abdullahi B. (2014). Effects of Cashless Economy Policy on Financial Inclusion In Nigeria: An Exploratory Study. Procedia - Social and Behavioral Sciences 172 (2015) 49 – 56, Kuala Lumpur.

Miskhin, Frederic S. 2008. Buku 1 Ekonomi Uang, Perbankan, dan Pasar Keuangan. Jakarta: Salemba Empat.

Peraturan Bank Indonesia Nomor 11/12/PBI/2009 tentang Uang Elektronik (Electronic Money).

Peraturan Bank Indonesia Nomor 21/18/PADG/2019 tentang Implementasi Standar Nasional Quik Response Code untuk pembayaran.

Tumpal Manik. (2019). Analisis Pengaruh Transaksi Digitalisasi Uang Elektronik Terhadap Cashless Society Dan Infrastruktur Uang Elektronik Sebagai Variabel Pemodarasi. Jurnal Ilmiah Akuntansi Dan Finansial Indonesia, 2(2), 27 - 40. https://doi.org/10.31629/jiafi.v2i2.1714

Vitriyah, N., & Zainuri, Z. (2020). Hubungan Dana Pensiun dan Pertumbuhan di Indonesia. Jurnal Benefita, 5(3), 479-488. doi:http://dx.doi.org/10.22216/jbe.v5i3.5254

Zainuri, Z., Viphindrartin, S., & Wilantari, R. N. (2021). The Impacts of the COVID-19 Pandemic on the Movement of Composite Stock Price Index in Indonesia. Journal of Asian Finance, Economics and Business, 8(3), 1113–1119. https://doi.org/10.13106/jafeb.2021.vol8.no3.1113

Downloads

Published

2023-03-20

How to Cite

Dewi, N. R., Diartho, H. C., & Zainuri, Z. (2023). THE EFFECT OF FINANCIAL INCLUSION ON ECONOMIC GROWTH IN INDONESIA. International Journal of Economics, Business and Accounting Research (IJEBAR), 7(1), 142–153. https://doi.org/10.29040/ijebar.v7i1.7647

Issue

Vol. 7 No. 1 (2023): IJEBAR, VOL. 07 ISSUE 01, MARCH 2023

Section

Articles

Citation Check

License

Authors who publish with IJEBAR agree to the following terms: Authors retain copyright and grant the IJEBAR right of first publication with the work simultaneously licensed under a Creative Commons Attribution License (CC BY-SA 4.0) that allows others to share (copy and redistribute the material in any medium or format) and adapt (remix, transform, and build upon the material) the work for any purpose, even commercially with an acknowledgement of the work's authorship and initial publication in IJEBAR. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in IJEBAR. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).