Analysis of Digital Economy Determinants in Indonesia
https://doi.org/10.35877/454RI.qems1982
Keywords:
digital economy, e-commerce, financial technology, the number of internet users
Viewed = 0 time(s)
Viewed = 0 time(s)
Abstract
The aims of this research is to determine the digital economy in Indonesia which consist of e-commerce, financial technology, and the number of internet users. This research was descriptive statistical method and using panel data regression model. The period of this research starts from 2020-2022 with cross-sectional data from 34 provinces in Indonesia. The data was collected from the Central Bureau of Statistics and East Ventures. The results of this study indicate that e-commerce has a positive and significant effect on the digital economy, financial technology has a positive and significant effect on the digital economy, the number of internet users has a positive and insignificant effect on the digital economy in Indonesia. This research provides a new insight of the role of e-commerce in economic growth and the importance of government policy and intervention in promoting local products on various e-commerce platforms. The low level of digital literacy in Indonesia required the role of academics and practitioners to participate in establish a smart technology society.
References
Agustini, P. (2023). Indeks Literasi Digital Indonesia Kembali Meningkat Tahun 2022. Kominfo. https://aptika.kominfo.go.id/2023/02/indeks-literasi-digital-indonesia-kembali-meningkat-tahun-2022/
Aprilia, N. D., Waluyo, S. D., & Saragih, H. J. (2021). Perkembangan Ekonomi Digital Indonesia the Development of Indonesia ’ S Digital Economy. Jurnal Ekonomi Pertahanan, 7(2), 245–259. http://repository.unpar.ac.id/handle/123456789/8375
Baltagi, B., H. (2005). Econometric Analysis of Panel Data (Third). Jhon Wiley & Sons, Ltd.
Brynjolfsson, E., Horton, J. J., Ozimek, A., Rock, D., Sharma, G., & TuYe, H.-Y. (2020). COVID-19 AND REMOTE WORK: AN EARLY LOOK AT US DATA. In NBER Working Paper (No. 27344; Working Paper).
Bukht, R., & Heeks, R. (2017). Defining, Conceptualising and Measuring the Digital Economy. In WORKING PAPER SERIES (No. 68). https://doi.org/10.2139/ssrn.3431732
Fadhillah, I. (2019). Analisis E-Commerce Sebagai Ekonomi Digital Dalam Mendorong Pertumbuhan Perekonomian Kota Medan Di Tengah Pandemi Covid-19 (Studi Kasus Pada Umkm Di Kota Medan). In Fakultas Ekonomi dan Bisnis Islam (Vol. 19). http://repository.uinsu.ac.id/12648/1/Skripsi Full Fadhillah Insani.pdf
Fai. (2023). Ekonomi Digital Indonesia. Umsu.Ac.Id. https://umsu.ac.id/berita/ekonomi-digital-indonesia/
Fajar, M., & Larasati, C. W. (2021). Peran Financial Technology (Fintech) dalam Perkembangan UMKM di Indonesia: Peluang dan Tantangan. Humanis (Humanities,Management and Science Proceedings), 1(2), 702–715. http://www.openjournal.unpam.ac.id/index.php/SNH
Google, Temasek, & Bain, & C. (2022). E-Conomy SEA 2021. https://economysea.withgoogle.com/report/
Ilman, A. H., Nurjihadi, M., & Noviskandariani, G. (2019). PERAN TEKNOLOGI FINANSIAL BAGI PEREKONOMIAN NEGARA BERKEMBANG. Jurnal Ekonomi Dan Bisnis Indonesia, 4(1), 28–36.
Nasution, E. Y., Hariani, P., Hasibuan, L. S., & Pradita, W. (2020). Perkembangan Transaksi Bisnis E-Commerce terhadap Pertumbuhan Ekonomi di Indonesia. Jurnal Ekonomi & Ekonomi Syariah, 3(2), 506–519. https://doi.org/10.36778/jesya.v3i2.227
Nizar, N. I., & Sholeh, A. N. (2021). Peran Ekonomi Digital Terhadap Ketahanan dan Pertumbuhan Ekonomi Selama Pandemi COVID-19. Jurnal Madani: Ilmu Pengetahuan, Teknologi, Dan Humaniora, 4(1), 87–99. https://doi.org/10.33753/madani.v4i1.163
Riyanto, D. A. (2023). Hootsuite (We are Social): Indonesian Digital Report 2022. Hootsuite. https://andi.link/hootsuite-we-are-social-indonesian-digital-report-2022/
Ruhmi, I., & Tanjung, A.A. (2023). The Influence of Financial Literacy, Fintech Peer To Peer Lending, and Payment Gateways on the Financial Performance of MSMEs in Medan City. Quantitative Economics and Management Studies, 4(4). https://doi.org/https://doi.org/10.35877/454RI.qems1790
Salsabilla, F., & Ardhiyansyah, A. (2021). Peran E-Commerce Dalam Pembangunan Ekonomi Di Masa Pandemi Covid 19 Terhadap Minat Beli. SENAKOTA - Seminar Nasional Ekonomi Dan Akuntansi, 1(1), 240–247. https://prosiding.senakota.nusaputra.ac.id/article/view/28%0Ahttps://prosiding.senakota.nusaputra.ac.id/article/download/28/46
Shinkevich, A. I., Kudryavtseva, S. S., Rajskaya, M. V., Gorbach, L. A., Garipova, G. R., & Barsegyan, N. V. (2021). Digitalization Of The Economy: Determinants And Development Prospects. European Proceedings of Social and Behavioural Sciences, 623–628. https://doi.org/10.15405/epsbs.2021.03.78
Sihombing, R. (2021). ANALISIS PENGARUH FINANCIAL TECHNOLOGY TERHADAP PERTUMBUHAN EKONOMI MELALUI INVESTASI DI INDONESIA. Fakultas Ekonomi Universitas Brawijaya, 1(1), 1–15.
Strogonova, E., & Novikova, N. (2020). Regional aspects of studying the digital economy in the system of economic growth drivers. Journal of New Economy, 21(2), 76–93. https://doi.org/10.29141/2658-5081-2020-21-2-5
Tanjung, A. A., & Muliyani, S. E. (2021). METODOLOGI PENELITIAN: SEDERHANA, RINGKAS, PADAT DAN MUDAH DIPAHAMI. SCOPINDO MEDIA PUSTAKA.
Tanjung, A. A., & Siswanto, A. A. (2022). Analisis kurva phillips di indonesia. Media Ekonomi, 30(1), 71–77. https://e-journal.trisakti.ac.id/index.php/medek/article/view/10066/8507
Tanjung, A. A., Syafii, M., Tarigan, S. B., & Harahap, W. G. (2022). Analisis Pengaruh Ekonomi Digital Terhadap Pertumbuhan Ekonomi di Indonesia: Model Data Panel. Ekonomi, Keuangan, Investasi Dan Syariah (EKUITAS), 4(2), 567–575. https://doi.org/10.47065/ekuitas.v4i2.2223
Umiyati, E., & Achmad, E. (2021). Faktor-faktor yang mempengaruhi penggunaan aplikasi online pada pelaku usaha mikro kecil dan menengah di Kota Jambi. Jurnal Paradigma Ekonomika, 16(2), 255–266. https://doi.org/10.22437/jpe.v16i2.12555
Aprilia, N. D., Waluyo, S. D., & Saragih, H. J. (2021). Perkembangan Ekonomi Digital Indonesia the Development of Indonesia ’ S Digital Economy. Jurnal Ekonomi Pertahanan, 7(2), 245–259. http://repository.unpar.ac.id/handle/123456789/8375
Baltagi, B., H. (2005). Econometric Analysis of Panel Data (Third). Jhon Wiley & Sons, Ltd.
Brynjolfsson, E., Horton, J. J., Ozimek, A., Rock, D., Sharma, G., & TuYe, H.-Y. (2020). COVID-19 AND REMOTE WORK: AN EARLY LOOK AT US DATA. In NBER Working Paper (No. 27344; Working Paper).
Bukht, R., & Heeks, R. (2017). Defining, Conceptualising and Measuring the Digital Economy. In WORKING PAPER SERIES (No. 68). https://doi.org/10.2139/ssrn.3431732
Fadhillah, I. (2019). Analisis E-Commerce Sebagai Ekonomi Digital Dalam Mendorong Pertumbuhan Perekonomian Kota Medan Di Tengah Pandemi Covid-19 (Studi Kasus Pada Umkm Di Kota Medan). In Fakultas Ekonomi dan Bisnis Islam (Vol. 19). http://repository.uinsu.ac.id/12648/1/Skripsi Full Fadhillah Insani.pdf
Fai. (2023). Ekonomi Digital Indonesia. Umsu.Ac.Id. https://umsu.ac.id/berita/ekonomi-digital-indonesia/
Fajar, M., & Larasati, C. W. (2021). Peran Financial Technology (Fintech) dalam Perkembangan UMKM di Indonesia: Peluang dan Tantangan. Humanis (Humanities,Management and Science Proceedings), 1(2), 702–715. http://www.openjournal.unpam.ac.id/index.php/SNH
Google, Temasek, & Bain, & C. (2022). E-Conomy SEA 2021. https://economysea.withgoogle.com/report/
Ilman, A. H., Nurjihadi, M., & Noviskandariani, G. (2019). PERAN TEKNOLOGI FINANSIAL BAGI PEREKONOMIAN NEGARA BERKEMBANG. Jurnal Ekonomi Dan Bisnis Indonesia, 4(1), 28–36.
Nasution, E. Y., Hariani, P., Hasibuan, L. S., & Pradita, W. (2020). Perkembangan Transaksi Bisnis E-Commerce terhadap Pertumbuhan Ekonomi di Indonesia. Jurnal Ekonomi & Ekonomi Syariah, 3(2), 506–519. https://doi.org/10.36778/jesya.v3i2.227
Nizar, N. I., & Sholeh, A. N. (2021). Peran Ekonomi Digital Terhadap Ketahanan dan Pertumbuhan Ekonomi Selama Pandemi COVID-19. Jurnal Madani: Ilmu Pengetahuan, Teknologi, Dan Humaniora, 4(1), 87–99. https://doi.org/10.33753/madani.v4i1.163
Riyanto, D. A. (2023). Hootsuite (We are Social): Indonesian Digital Report 2022. Hootsuite. https://andi.link/hootsuite-we-are-social-indonesian-digital-report-2022/
Ruhmi, I., & Tanjung, A.A. (2023). The Influence of Financial Literacy, Fintech Peer To Peer Lending, and Payment Gateways on the Financial Performance of MSMEs in Medan City. Quantitative Economics and Management Studies, 4(4). https://doi.org/https://doi.org/10.35877/454RI.qems1790
Salsabilla, F., & Ardhiyansyah, A. (2021). Peran E-Commerce Dalam Pembangunan Ekonomi Di Masa Pandemi Covid 19 Terhadap Minat Beli. SENAKOTA - Seminar Nasional Ekonomi Dan Akuntansi, 1(1), 240–247. https://prosiding.senakota.nusaputra.ac.id/article/view/28%0Ahttps://prosiding.senakota.nusaputra.ac.id/article/download/28/46
Shinkevich, A. I., Kudryavtseva, S. S., Rajskaya, M. V., Gorbach, L. A., Garipova, G. R., & Barsegyan, N. V. (2021). Digitalization Of The Economy: Determinants And Development Prospects. European Proceedings of Social and Behavioural Sciences, 623–628. https://doi.org/10.15405/epsbs.2021.03.78
Sihombing, R. (2021). ANALISIS PENGARUH FINANCIAL TECHNOLOGY TERHADAP PERTUMBUHAN EKONOMI MELALUI INVESTASI DI INDONESIA. Fakultas Ekonomi Universitas Brawijaya, 1(1), 1–15.
Strogonova, E., & Novikova, N. (2020). Regional aspects of studying the digital economy in the system of economic growth drivers. Journal of New Economy, 21(2), 76–93. https://doi.org/10.29141/2658-5081-2020-21-2-5
Tanjung, A. A., & Muliyani, S. E. (2021). METODOLOGI PENELITIAN: SEDERHANA, RINGKAS, PADAT DAN MUDAH DIPAHAMI. SCOPINDO MEDIA PUSTAKA.
Tanjung, A. A., & Siswanto, A. A. (2022). Analisis kurva phillips di indonesia. Media Ekonomi, 30(1), 71–77. https://e-journal.trisakti.ac.id/index.php/medek/article/view/10066/8507
Tanjung, A. A., Syafii, M., Tarigan, S. B., & Harahap, W. G. (2022). Analisis Pengaruh Ekonomi Digital Terhadap Pertumbuhan Ekonomi di Indonesia: Model Data Panel. Ekonomi, Keuangan, Investasi Dan Syariah (EKUITAS), 4(2), 567–575. https://doi.org/10.47065/ekuitas.v4i2.2223
Umiyati, E., & Achmad, E. (2021). Faktor-faktor yang mempengaruhi penggunaan aplikasi online pada pelaku usaha mikro kecil dan menengah di Kota Jambi. Jurnal Paradigma Ekonomika, 16(2), 255–266. https://doi.org/10.22437/jpe.v16i2.12555
Published
2023-09-01
Issue
Section
Articles
How to Cite
Tanjung, A. A., Muliyani, M., Nurhayati, N., Ginting, M. Y. B., & Fitri Nasution, W. (2023). Analysis of Digital Economy Determinants in Indonesia. Quantitative Economics and Management Studies, 4(6), 1056-1063. https://doi.org/10.35877/454RI.qems1982
