Ida Ayu, Putri S and Taufiq, Chaidir and Gusti, Ayu Arini B18 - The Speed of Adjustment Effect of Non Cash Payment System to Indonesia's Economic Growth. IJISET - International Journal of Innovative Science, Engineering & Technology.
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(B-18 Turnitin) The Speed of Adjustment Effect of Non Cash Payment System to Indonesia’s Economic Growth.pdf Download (3MB) | Preview |
Abstract
This study aims to prove the speed of adjusting the non-cash payment system with indicators of a card-based payment instrument indicator (APMK) was measured by the transaction value of an ATM/debit card, the value of credit card transactions, and the value of e- money transactions to Indonesia’s economic growth.The analytical model used was the dynamic autoregressive lag distribution (ARDL) specification, according to Koyck's approach, and error correction models (ECM). The results of the study shown that the speed of adjustment of the non-cash payment system with the indicator of card-based payment instruments (APMK), as well as the value of e- money transactions on Indonesia's economic growth during the period of 2010. Q1 to 2020. Q4 was rejecting the proposed hypothesis because the adjustment speed was less than 1 (has a slow response). Similarly, the results of the proof of the ECM model shown that between the observation variables there were no balance or short-term or long-term relationship. The development of the digital economy and finance in Indonesia, which was marked by the non cash payment system, was not yet dominant, meaning that the payment system made by the public was still dominated by the cash payment system. Therefore, efforts to strengthen the digital economy and finance ecosystem must be more intense and sustainable.
| Item Type: | Article |
|---|---|
| Keywords (Kata Kunci): | non-cash payment system, speed of adjustment, economic growth Indonesia |
| Subjects: | H Social Sciences > HB Economic Theory |
| Divisions: | Fakultas Ekonomi |
| Depositing User: | Dra. Ida Ayu Putri Suprapti MA. |
| Date Deposited: | 16 May 2023 05:42 |
| Last Modified: | 22 Jun 2023 07:37 |
| URI: | http://eprints.unram.ac.id/id/eprint/38002 |
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