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Articles 1951 - 1980 of 46970

Full-Text Articles in Economics

Competition In The Labor Market: The Wage Effect Of Employer Concentration In China, Jianan Liu, Hongbo Cai, Carl Lin Jul 2025

Competition In The Labor Market: The Wage Effect Of Employer Concentration In China, Jianan Liu, Hongbo Cai, Carl Lin

Faculty Journal Articles

Competition in the labor market theoretically leads to higher wages, yet empirical evidence to substantiate it, particularly in developing countries, has been sparse. Our study delves into the impact of increased competition in the labor market on workers' wages using a panel dataset from Chinese industrial firms spanning 1998 to 2013. Employing OLS and IV regressions, we demonstrate that a decrease in employer concentration is significantly linked to higher wages. The elasticities of employer concentration on wages fall within the range of −0.034 and −0.107. Additionally, our findings suggest that state-owned enterprises gained the most from this upswing in competition, …

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Factors Influencing Digital Technology Adoption And Use Among Msmes In Indonesia, Andry Manodotua Panjaitan, Niko Sudibjo, Cahya Pulupi Meilani Jul 2025

Factors Influencing Digital Technology Adoption And Use Among Msmes In Indonesia, Andry Manodotua Panjaitan, Niko Sudibjo, Cahya Pulupi Meilani

DLSU Business & Economics Review

The purpose of this study is to see how attitudes toward behavior, subjective norms, and digital technology literacy affect adoption intentions and their impact on digital technology usage behavior in small and medium enterprises in Indonesia. This study used 532 MSME samples and tested them using SEM PLS analysis. The test findings showed that eight proposed hypotheses were accepted, and one was rejected. Digitally literate MSME owners and leaders can increase market awareness and set clear digital transformation goals for their companies. Furthermore, with government support for technology in MSMEs, digital technology is expected to be used not just for …

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Decomposing Crowding Out Effect In The Philippines: Leveraging Fiscal Policy To Drive Inclusive Growth, John Paolo R. Rivera, Mary Grace R. Agner, Viory Yvonne T. Janeo, John Angelo F. Cristobal Jul 2025

Decomposing Crowding Out Effect In The Philippines: Leveraging Fiscal Policy To Drive Inclusive Growth, John Paolo R. Rivera, Mary Grace R. Agner, Viory Yvonne T. Janeo, John Angelo F. Cristobal

DLSU Business & Economics Review

Fiscal stimulus programs have substantively kept the Philippine economy afloat during crises and in facilitating recovery. In pursuing steeper growth, there is a tendency to harness fiscal policy at the expense of crowding out private investment and consumption, which defeats the ultimate purpose of such policy. Using time series analysis, we assess the degree of crowding out effect in the Philippines and its implications for the effectiveness of fiscal policy as a macroeconomic stabilization and growth driver tool. Although scholarly literature has used aggregate government spending in probing the existence of a crowding out effect on aggregate investment and consumption …

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Multifaceted Skepticism: A Comprehensive Approach In Auditing Practice, Ida Ayu Budhananda Munidewi, Unti Ludigdo, Ali Djamhuri, Wuryan Andayani Jul 2025

Multifaceted Skepticism: A Comprehensive Approach In Auditing Practice, Ida Ayu Budhananda Munidewi, Unti Ludigdo, Ali Djamhuri, Wuryan Andayani

DLSU Business & Economics Review

This research uses a modified grounded theory approach to understand the behavior of auditors in Indonesia who have an Eastern cultural background in applying professional skepticism. The research results reveal that auditor behavior in practice applies multifaceted skepticism. Multifaceted skepticism refers to the idea that professional skepticism in auditing is not a one-dimensional approach. That recognizes the complexity of the audit environment and the need for auditors to consider various factors when applying their skepticism. Multifaceted skepticism brings us to a less simplistic view of professional skepticism, which until now has only been seen as an on-or-off switch. Instead, this …

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Social Message In Advertising And Social Change: An Empirical Investigation Of Relationships, Iqra Manzoor, Zia- Ul-Haq Jul 2025

Social Message In Advertising And Social Change: An Empirical Investigation Of Relationships, Iqra Manzoor, Zia- Ul-Haq

DLSU Business & Economics Review

This study was carried out to investigate consumer behavior toward advertisements that convey social messages. Not many studies have focused on the social message in ads and the subjective well-being of customers regarding such ads. To study this gap, the paper examined the relationship between (a) the attitude towards the ad with a social message and the purchase intention of the consumer and (b) the purchase intention of the consumer and their subjective well-being. Structural equation modeling (SEM) was used to study the interrelationships within the proposed model. The data was collected through an experiment and qualitative survey among university …

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Leveraging Capital Structures Of Philippine Publicly Listed Companies, Michael Angelo A. Cortez Jul 2025

Leveraging Capital Structures Of Philippine Publicly Listed Companies, Michael Angelo A. Cortez

DLSU Business & Economics Review

In this study, I revisit the determinants of corporate capital structures of publicly listed businesses in the Philippines, emphasizing major characteristics previously identified in academic literature, including tangibility, profitability, company size, non-debt tax shields, and growth. I investigate how companies’ financial actions correspond with or deviate from traditional capital structure theories within the context of the Philippine economy’s reliance on short-term, high-cost lending and its evolving capital market. Using a descriptive-exploratory approach to analyze 210 observations from 21 businesses listed on the Philippine Stock Exchange from 2014 to 2023, I performed a quantitative analysis of construct relationship using cross-sectional generalized …

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Examining The Volunteering Behavior Of Filipino Youth Using The Extended Theory Of Planned Behavior, Reynaldo B. Bautista, Christine Joy A. Ballada, Joy Rabo Jul 2025

Examining The Volunteering Behavior Of Filipino Youth Using The Extended Theory Of Planned Behavior, Reynaldo B. Bautista, Christine Joy A. Ballada, Joy Rabo

DLSU Business & Economics Review

Young people are vital human resources who can significantly contribute to social change through volunteerism. This study sought to examine Filipino youth’s volunteering behavior using an extended theory of planned behavior with behavioral modeling by family and peers as additional antecedents of volunteering intention. Participants in this study were undergraduate students of De La Salle University – Manila. A total of 438 students (60% female, 39% male, and 1% preferring not to say) aged 17 to 23 years old (M = 19.60 years, SD = 1.12) participated in the study. The scales were found to have good internal consistency reliability. …

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Determinants Of Bangladeshi Banking Inefficiency: Do Non-Performing Loans And Basel Iii Affect Banking Inefficiency?, Mohammad Abdul Matin Chowdhury, S. M. Shamsul Alam, Wan Rohaida Wan Husain, Rafikul Islam, Anwar Hossain Jul 2025

Determinants Of Bangladeshi Banking Inefficiency: Do Non-Performing Loans And Basel Iii Affect Banking Inefficiency?, Mohammad Abdul Matin Chowdhury, S. M. Shamsul Alam, Wan Rohaida Wan Husain, Rafikul Islam, Anwar Hossain

DLSU Business & Economics Review

The efficiency of commercial banking is a crucial determinant of the longevity of the financial system. High credit risk is a significant feebleness that leads to high non-performing loans (NPLs), which reduce banking efficiency in any economy. In this context, this study aims to identify the determinants of banking inefficiency in Bangladesh. The Data Envelopment Analysis (DEA) technique was employed to measure banking efficiency, whereas TOBIT regression was performed to identify the determinants of inefficiency of 38 commercial banks from 2016–2022. Findings demonstrated size, ownership structure and orientation, capital structure regulations (BASEL III), GDP growth, and inflation as significant determinants …

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Budget Deficit Spending Causes Inflation, Roberto B. Raymundo, Paulynne J. Castillo Jul 2025

Budget Deficit Spending Causes Inflation, Roberto B. Raymundo, Paulynne J. Castillo

DLSU Business & Economics Review

Using the Cochrane-Orcutt iterative procedure, the paper provides strong statistical evidence that inflation is a monetary phenomenon caused by budget deficit spending when the central bank buys government debt. Regression results validate that increasing budget deficits lead to the issuance of more debt securities the central bank uses to back the creation of new money. The central bank purchases government securities from commercial banks to implement expansionary monetary policy. The increase in money supply is not possible without the issuance of government debt securities, which, in turn, is only undertaken by the Bureau of Treasury when it finances budget deficits. …

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Perencanaan Investasi Hijau Pada Usaha Menengah Besar Di Provinsi Jawa Tengah, Avi Budi Setiawan, Maulida Dewi Pangestika, Putri Patria Kusuma, Mochammad Yusuf Jul 2025

Perencanaan Investasi Hijau Pada Usaha Menengah Besar Di Provinsi Jawa Tengah, Avi Budi Setiawan, Maulida Dewi Pangestika, Putri Patria Kusuma, Mochammad Yusuf

Jurnal Ekonomi dan Pembangunan Indonesia

This study aims to analyze green investment planning in medium and large enterprises in Central Java Province. This study employs several analytical tools, including regression with quadratic variables, Klassen Typology Analysis, and Analytic Network Process (ANP). The research locus is 35 districts/cities in Central Java Province. The results of the study show that industries in Central Java contribute significantly to economic transformation, but also harm environmental quality, the regression results show the Pollution Haven Hypothesis in several main industries in Central Java. The sectors that have potential to reduce the quality of the environment are oil and gas mining, textiles, …

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Pengaruh Demokrasi Terhadap Pertumbuhan Ekonomi Daerah Di Indonesia, Jayanti Kusumaningrum Utomo, Widyono Soetjipto Jul 2025

Pengaruh Demokrasi Terhadap Pertumbuhan Ekonomi Daerah Di Indonesia, Jayanti Kusumaningrum Utomo, Widyono Soetjipto

Jurnal Ekonomi dan Pembangunan Indonesia

This study observes that previous research on the relationship between democracy and economic growth has produced ambiguous outcomes. The aim of this paper is to estimate the relationship between democracy and regional economic growth in Indonesia. Using a fixed effects model with 374 provincial-level observations, the results indicate a statistically significant and positive relationship between democracy and regional economic growth in Indonesia.

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Editor's Note, Marites Tiongco Jul 2025

Editor's Note, Marites Tiongco

DLSU Business & Economics Review

No abstract provided.

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Crazy Mountain Fiber Fest 2025, Sweet Grass County, Montana, Ava Worbets, Kika Bradford, Megan Schultz Jul 2025

Crazy Mountain Fiber Fest 2025, Sweet Grass County, Montana, Ava Worbets, Kika Bradford, Megan Schultz

Institute for Tourism and Recreation Research Publications

This study was conducted for the Sweet Grass County Chamber of Commerce to provide insight into the characteristics of attendees of the 2025 Crazy Mountain Fiber Fest. Fifty-two attendees of the event completed the survey. Results show that 92% of respondents were residents of Montana, of which 33% were from Sweet Grass County. Out-of-county respondents spent an average of 3.9 nights in Montana, reporting a total spending of $8,770.00, mostly in hotel/motel/bed and breakfasts. Results provide event organizers with useful data for future event planning, making improvements to the event, event marketing/promotion, and understanding the visitor spending associated with the …

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The Tur Nout Effect: Challenging The Median Voter Theorem, George Thomas Rogers Jul 2025

The Tur Nout Effect: Challenging The Median Voter Theorem, George Thomas Rogers

Theses and Dissertations

The classical Median Voter Theorem (MVT) predicts that, in a two-party system with majority rule, candidates will converge toward the ideological center to capture the median voter. This logic, grounded in spatial models of political competition, assumes full voter participation and fails to account for the growing ideological polarization in modern democracies. This thesis reevaluates the MVT by incorporating probabilistic turnout into a utility-based model of voter behavior. It theorizes that turnout is shaped not only by ideological proximity but also by expressive motivations, including both strong affinity and strong aversion to candidates. A novel measure of turnout utility is …

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An Economic Evaluation Of Cook At All Costs, Abigail Green Jul 2025

An Economic Evaluation Of Cook At All Costs, Abigail Green

Theses and Dissertations

Cooking shows have been popular for decades with many variations, prizes, and a collection of talented chefs. The Netflix series Cook at All Costs provides a newer playing field incorporating auctions into the challenging landscape. Home chefs are challenged with creating unique dishes from mystery ingredients boxes acquired through various auction types in hopes of winning a monetary prize. The chefs must balance the trade-off between spending money on higher-quality ingredients to improve their chances of winning and saving money across rounds. This thesis will explore the economic concepts presented in the show by providing an understanding of how the …

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Menguji Keberadaan N-Shaped Environmental Kuznets Curve Di Indonesia Dengan Model Ardl, Ridwan Pandu Sunaryo, Erny Tajib Jul 2025

Menguji Keberadaan N-Shaped Environmental Kuznets Curve Di Indonesia Dengan Model Ardl, Ridwan Pandu Sunaryo, Erny Tajib

Jurnal Ekonomi dan Pembangunan Indonesia

The study aims to test the existence of the N-shaped Environmental Kuznets Curve (EKC) and to determine the impact of fossil energy consumption and economic activity such as industrialization, urbanization, and trade openness on CO2 emissions in Indonesia from 1971 to 2021, using Autoregressive Distributed Lag (ARDL). The results of this study show that the relationship between per capita GDP and CO2 emissions in Indonesia has a reversed N-shape. Industrialization and per-capita consumption of fossil energy have a positive impact, while trade openness has a negative impact on CO2 per-capita emissions both in the short and long term. Meanwhile, urbanization …

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Pengaruh Vaksinasi Covid-19 Terhadap Kesehatan Dan Kondisi Ekonomi Masyarakat Di Indonesia, Ayu Lestari, Fauziah Zen Jul 2025

Pengaruh Vaksinasi Covid-19 Terhadap Kesehatan Dan Kondisi Ekonomi Masyarakat Di Indonesia, Ayu Lestari, Fauziah Zen

Jurnal Ekonomi dan Pembangunan Indonesia

The COVID-19 vaccination is considered crucial for controlling the pandemic and accelerating economic recovery. However, empirical evidence on the impact of vaccination on health and the economy at the district/city level in Indonesia remains limited. This study aims to analyze the impact of vaccination on health outcomes and economic conditions. The methodology used is a fixed effect model with monthly panel data on vaccination and health outcomes (positivity rate and recovery), as well as annual data on per capita expenditure in 514 districts/cities from January 2021 to December 2022. The results show that the first dose of vaccination significantly reduces …

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Harnessing Zakat To Drive Inclusive Economic Growth: Prospects And Challenges, Moh Najikhul Fajri, Andini Kusumawardhani Jul 2025

Harnessing Zakat To Drive Inclusive Economic Growth: Prospects And Challenges, Moh Najikhul Fajri, Andini Kusumawardhani

Journal Of Middle East and Islamic Studies

This study aims to analyze the role of zakat in promoting local inclusive economic growth in Indonesia. This research uses secondary panel data of 34 provinces during 2017-2022. The analysis techniques used in this study include the Poverty Equivalent Growth Rate (PEGR) inclusive economic growth measurement method and the Static Panel Regression Fixed Effect Model. This study concludes that zakat is proven to be an effective instrument in promoting inclusive economic growth in Indonesia, with a significant impact on income distribution even though its potential is still not optimized. Unique findings reveal that inclusive growth recovered faster than GDP post-pandemic, …

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Multi-Period Portfolio Allocation: A One-Shot Stochastic Optimization Approach, Peng Liu, Chyng Wen Tee, Xiaofei Xu Jul 2025

Multi-Period Portfolio Allocation: A One-Shot Stochastic Optimization Approach, Peng Liu, Chyng Wen Tee, Xiaofei Xu

Research Collection Lee Kong Chian School Of Business

Multi-period portfolio optimization is a central problem in finance, yet it is computationally intractable for traditional dynamic programming methods due to the curse of dimensionality. This paper develops a tractable and theoretically grounded 'one-shot' stochastic optimization framework that recasts the sequential decision problem into a single, high-dimensional optimization task. Our approach models the predictive distribution of factor returns using Gaussian Processes (GPs), allowing it to capture complex, non-linear market dynamics. We make three primary contributions. First, for the special case of a linear GP kernel, we derive an analytical solution for the optimal portfolio path, providing a clear economic interpretation …

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Do Search Costs Explain Persistent Investment In Active Mutual Funds?, Aljoscha Janssen, Jurre Thiel Jul 2025

Do Search Costs Explain Persistent Investment In Active Mutual Funds?, Aljoscha Janssen, Jurre Thiel

Research Collection School Of Economics

Active funds, though losing market share since the 1990s, make up nearly half of all mutual funds but charge more without better performance. We analyze fund data and a search model, highlighting the impact of search costs and active fund preferences. From 1993 to 2018, reduced search costs expanded the market and heightened competition, while a preference shift from active to passive funds increased the latter's market share. However, investors who choose active funds, facing higher search costs, and continue to show a strong preference for them, allow these funds to keep charging higher fees.

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One-Sided Limited Commitment And Aggregate Risk, Yoshiki Ando, Dirk Krueger, Harald Uhlig Jul 2025

One-Sided Limited Commitment And Aggregate Risk, Yoshiki Ando, Dirk Krueger, Harald Uhlig

Research Collection School Of Economics

In this paper we study the neoclassical growth model with idiosyncratic income risk and aggregate risk in which risk sharing is endogenously constrained by one sided limited commitment. Households can trade a full set of contingent claims that pay off depending on both idiosyncratic and aggregate risk, but limited commitment rules out that households sell these assets short. The model results, under suitable restrictions of the parameters of the model, in partial consumption insurance in equilibrium. With log-utility and idiosyncratic income shocks taking two values one of which is zero (e.g., employment and unemployment) we show that the equilibrium can …

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The Rising Returns To R&D: Ideas Are Not Getting Harder To Find, Yoshiki Ando, James Bessen, Xiupeng Wang Jul 2025

The Rising Returns To R&D: Ideas Are Not Getting Harder To Find, Yoshiki Ando, James Bessen, Xiupeng Wang

Research Collection School Of Economics

R&D has grown robustly, yet aggregate productivity growth has stagnated. Is this because “ideas are getting harder to find”? Using microdata from the US Census Bureau this paper estimates R&D effectiveness in the manufacturing sector from 1976 to 2018. We find that the marginal effect of R&D on output and the gross marginal returns to R&D have risen sharply. But rivals’ R&D has also gotten more effective, raising expected obsolescence. But firm productivity growth rises with growth in the R&D stock. Higher obsolescence slows the accumulation of R&D capital, reducing the contribution to productivity growth and shortening innovation lives.

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Energetic And Economic Aspects Of Rebound, Part Ii: Applications Of The Framework, Matthew Kuperus Heun, Gregor Semieniuk, Paul Brockway Jul 2025

Energetic And Economic Aspects Of Rebound, Part Ii: Applications Of The Framework, Matthew Kuperus Heun, Gregor Semieniuk, Paul Brockway

University Faculty Publications and Creative Works

Widespread implementation of energy efficiency is a key greenhouse gas emissions mitigation measure, but rebound can ‘‘take back’’ energy savings. However, the absence of solid analytical foundations hinders empirical determination of rebound magnitudes. In Part I, we developed foundations of a rigorous, analytical, consumer-sided rebound framework that is approachable for both energy analysts and economists. In this paper (Part II), we develop energy, expenditure, and consumption planes, a novel, mutually consistent, and numerically precise way to visualize and illustrate rebound. Further, we operationalize the macro factor (k) for macroeconomic rebound. Using the framework and rebound planes, we calculate and show …

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Undominated Mechanisms, Tilman Borgers, Jiangtao Li, Kexin Wang Jul 2025

Undominated Mechanisms, Tilman Borgers, Jiangtao Li, Kexin Wang

Research Collection School Of Economics

We study the design of mechanisms when the designer faces multiple plausible scenarios and is uncertain about the true scenario. A mechanism is dominated by another if the latter performs at least as well in all plausible scenarios and strictly better in at least one. A mechanism is undominated if no other feasible mechanism dominates it. We show how analyzing undominated mechanisms could be useful and illustrate the tractability of characterizing such mechanisms. This approach provides an alternative criterion for mechanism design under non-Bayesian uncertainty, complementing existing methods.

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Technifying Ventures, Yoshiki Ando, Emin Dinlersoz, Jeremy Greenwood, Ruben Piazzesi Jul 2025

Technifying Ventures, Yoshiki Ando, Emin Dinlersoz, Jeremy Greenwood, Ruben Piazzesi

Research Collection School Of Economics

How do advanced technology adoption and venture capital (VC) funding impact employment and growth? An analysis of data from the US Census Bureau suggests that while both advanced technology use and VC funding matter on their own for firm outcomes, their joint presence is most strongly correlated with higher employment levels. VC presence is linked with a high increase in employment, though primarily among a limited subset of firms. In contrast, technology adoption is associated with a smaller rise in employment, yet it influences a considerably larger number of firms. A model of startups is created, focusing on decisions to …

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The Aggregate Welfare And Trade Implications Of Contracting Frictions In Global Sourcing, Davin Chor, Lin Ma Jul 2025

The Aggregate Welfare And Trade Implications Of Contracting Frictions In Global Sourcing, Davin Chor, Lin Ma

Research Collection School Of Economics

How much do contracting frictions between global firms and their suppliers impact country welfare and trade? We answer this by developing a model of global sourcing under partial contractibility, where firm-supplier relationships are exposed to a bilateral holdup problem. Sourcing decisions aggregate into a gravity equation for trade flows by organizational mode (intrafirm vs. arm’s length), which we take to structural estimation. We can then evaluate welfare changes with an extended Arkolakis, Costinot and Rodriguez-Clare (2012) formula that incorporates these contracting frictions. Our counterfactual analysis reveals a sizeable average country welfare gain of 9.2% from eliminating contracting frictions in global …

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High Frequency Factor Analysis With Partially Observable Factors, Dachuan Chen, Wenqi Lu, Siyu Xie Jul 2025

High Frequency Factor Analysis With Partially Observable Factors, Dachuan Chen, Wenqi Lu, Siyu Xie

Research Collection School Of Economics

This paper considers a novel factor structure – Partially Observable Factor Model – where both observable factors and latent factors exist in the model simultaneously. Such factor structure can make sure both interpretability and goodness-of-fit at the same time. Necessary estimation methodologies for this partially observable factor model are developed in this paper for the high frequency data. The proposed estimation methodology is robust to jumps, microstructure noise and asynchronous observation times simultaneously.When the observable factors are exogenous, we provide the estimation theory for the integrated eigenvalues of the residual covariance matrix, which including the bias-corrected estimator, central limit theorem …

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The History Of Protectionism And Free Trade In The World: How Does It Impact Indonesia?, Dorothea Bening Larasati Jun 2025

The History Of Protectionism And Free Trade In The World: How Does It Impact Indonesia?, Dorothea Bening Larasati

Jurnal Vokasi Indonesia

International trade plays an important role in Indonesia's economy, with protectionism and free trade being the two main approaches in the country's trade policy. Protectionism, which aims to protect domestic industries by restricting imports, is often challenged in the face of the need to integrate global markets. In contrast, free trade seeks to open markets without barriers, which can accelerate economic growth and improve international relations. This research aims to explore the impact of protectionism and free trade policies on the Indonesian economy and provide recommendations for the government. The research uses a qualitative approach through a literature study that …

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The Medical Check Up Result Data Collection System Function To Determine The Health Condition Of Workers At Pt. Pertamina Region Iii, Shonia Fitriananda, Mohammad Ridha Jun 2025

The Medical Check Up Result Data Collection System Function To Determine The Health Condition Of Workers At Pt. Pertamina Region Iii, Shonia Fitriananda, Mohammad Ridha

Jurnal Administrasi Bisnis Terapan

Activities carried out at PT. Pertamina (Persero) is very diverse. One of the activities is Medical Check Up under the auspices of Pertamedika, which is a health facility in PT. Pertamina (Persero) which is intended for workers to be checked for health every year with physical examination in the form of heart examination, blood tests, eye tests, and ultrasonography (USG). With the activities, it is inseparable from direct communication between the administration and workers to confirm each other about the needs and desires of workers who can be helped by the medical administration. The preparation of this academic paper task …

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Pengaruh Emotional Intelligence, Locus Of Control, Risk Aversion, Dan Financial Literacy Terhadap Risky Investment Intention Di Indonesia, Sekar Savira Ramadhani, Maria Ulpah, Wardatul Adawiyah Jun 2025

Pengaruh Emotional Intelligence, Locus Of Control, Risk Aversion, Dan Financial Literacy Terhadap Risky Investment Intention Di Indonesia, Sekar Savira Ramadhani, Maria Ulpah, Wardatul Adawiyah

Jurnal Manajemen dan Usahawan Indonesia

This study investigates how individual factors—namely emotional intelligence, external locus of control, risk aversion, and financial literacy—affect the intention to invest in risky financial instruments in Indonesia. The research explores both the direct and indirect effects of these factors on risky investment intentions. Data were collected from 507 respondents through an online questionnaire. The findings indicate that emotional intelligence, external locus of control, and financial literacy positively influence the intention to invest in risky assets, while risk aversion has a negative effect. Additionally, the analysis of indirect effects shows that financial literacy moderates the relationship between emotional intelligence and risk …

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