STRENGTHENING NATIONAL ECONOMIC GROWTH AND EQUITABLE INCOME THROUGH SHARIA DIGITAL ECONOMY IN INDONESIA

  • Amrin Barata BPS Sulawesi Tenggara
Keywords: Economic Growth, I-O Analysis, Islamic Digial Economy

Abstract

The rapid progress of information and communication technology (ICT) creates a newlook of the Indonesian economy, transforming from the conventional economy intoa digital economy. The part of the digital economy currently developing worldwide,include in Indonesia is, Fintech (Financial Technology) and E-commerce. Additionally,Indonesia contributes to 4 percent of total e-commerce sales around the world. Thedevelopment of Fintech in Indonesia is still at early stages, as many industries have notdeveloped such a practice. Besides, there are many opportunities that have not beenexplored to its full potential. The research employs Input Output (I-O) analysis, usingshock of IDR 3.90 trillion in investment of the sharia e-commerce subsector, we foundthrough this study that the national economic growth grew by 0.048 percent or theeconomic output increased by IDR 5.08 trillion. As for the impact on gross value added(GVA) grew by 0.072 percent or increased by IDR 3.72 trillion. In addition, nationallabor income increased by IDR 795.36 billion with investment in sharia e-commercesubsectors. After an additional shock to the Fintech and the trade sector, economicgrowth increased by 0.052 percent or IDR 5.48 trillion. Sharia e-commerce and shariaFintech should be able to have a big impact on the economic growth, increasing theamount of labor needed so that it can absorb more national labor. Thus, economicgrowth, increased income, and job creation will potentially reduce poverty andinequality in that the implications in the long term will further strengthen sustainablenational economic growth.

References

Abdullah, R. (2018). Segitiga Pertumbuhan, Kemiskinan, dan Ketimpangan di Indonesia. INDEF MONTHLY POLICY BRIEF,vol.1(3), pp. 1–3. Edisi Riset Ekonomi Pembanguan.Adhinegara, B. Y. et al. (2018). Pengaruh Sektor E-Commerce terhadap Pertumbuhan Ekonomi. INDEF MONTHLY POLICY BRIEF, vol 1(2), pp. 1–4.Adhinegara, B.Y, et al. (2018). Peran Fintech Lending dalam Ekonomi Indonesia. INDEF MONTHLY POLICY BRIEF, vol.2(2), pp. Edisi Riset Ekonomi Digital.Angelsen, A. et al. (2006). Poverty and Inequality: Economic Growth is Better Than It’s Reputation. Bergen : Chapter in Dan Banik, pp. 509–521.Ansori, Aan. (2016). Digitalisasi Ekonomi Syariah. Jurnal Ekonomi Keuangan dan Bisnis Islam,IAIN Sultan Maulana Hasanuddin Banten, vol.7(1), pp. 1–18.Azali, K. (2017). Indonesia’s Divided Digital Economy. Singapore : ISEAS Yusof Ishak Institute (70).Badan Kebijakan Fiskal KEMENKEU RI. (2018). Teknologi Keuangan (Fintech) : Konsep dan Implementasinya di Indonesia. Warta Fiskal. Jakarta : Nizar, Muhammad. Retrieved October, 2018, from http://www.fiskal.kemenkeu.go.id/kliping/wartafiskal/2016/pdf/edisi-6-2016.pdfBKPM (Badan Koordinasi Penanaman Modal). (2018). Siaran Pers: Dukung Pengembangan Ekonomi Digital, BKPM-Pemprov DKI Jakarta Tandatangani Nota Kesepahaman. Jakarta Darmawan, I, et al. Retrieved October, 2018, from https://www.bkpm.go.id/images/uploads/file_siaran_pers/Siaran_Pers_BKPM_09072018_Perkuat_Kerjasama_Investasi%2C_BKPM_dan_Bank_of_China_Tandatangani_Nota_Kesepahaman.pdf BKPM (Badan Koordinasi Penanaman Modal). (2018). Siaran Pers : BKPM Dorong Kemitraan Startups Indonesia dengan Investor Australia. Jakarta : Moertiningroem, Sri. Retrieved October, 2018, from https://www.bkpm.go.id/id/publikasi/siaran-pers/readmore/641001/29001BPS (Badan Pusat Statistik). (2018). PDRB Provinsi-Provinsi di Indonesia Menurut Lapangan Usaha. Jakarta : BPS RI.BPS (Badan Pusat Statistik). (2008). Tabel Input Output (I-O) 2008. BPS Kabupaten Bandung.BPS (Badan Pusat Statistik). (2008). Tabel Input Output (I-O) Indonesia 2008. BPS RI.BPS (Badan Pusat Statistik). (2018). Ketimpangan Pendapatan (Ukuran Bank Dunia). Retrieved February, 2019, from https://sirusa.bps.go.id/index.php?r=indikator/view&id=21 BPS (Badan Pusat Statistik). (2018). Gini Rasio. Retrieved February, 2019, from https://sirusa.bps.go.id/index.php?r=indikator/view&id=999 BSM. (2016). Financial Technology dan Lembaga Keuangan. Gathering Mitra Linkage Bank Syariah Mandiri at Hotel Grand Aston Yogyakarta. Yogyakarta : Iman, N. Retrieved October, 2018, from http://nofieiman.com/wp-content/images/financial-technology-lembaga-keuangan.pdfContan.co.id. (2018). Fintech Dana Syariah kantongi izin dari OJK. Jakarta : Sari, Ferrika. Retrieved October, 2018, from https://keuangan.kontan.co.id/news/fintech-dana-syariah-kantongi-izin-dari-ojkDBSI. (2018). “Mendorong Wirausaha Baru di Era Digital”. Jakarta : Author. Retrieved October, 2018, from https://www.dbs.com/spark/index/id_id/dbs-yes-asset/files/(Riset%202)%20Mendorong%20Wirausaha%20Baru%20di%20Era%20Digital.pdfDDS. (2017). Kajian Bisnis Fintech Syariah. Bandung: Telkom Digital Services.Firmansyah. (2006). Operasi Matrix dan Analisis Input-Output (I-O) untuk Ekonomi. Semarang : Badan Penerbit Universitas Diponegoro.Google Temasek. (2018). E-Conomy SEA 2018 : Southeast Asia’s Internet Economy Hits an Inflection Point. Singapore : Author. Retrieved October, 2018, fromhttps://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=3&cad=r-ja&uact=8&ved=2ahUKEwj01tHT97TgAhVEinAKHQ3uCsIQFjACegQIC-BAC&url=https%3A%2F%2Fwww.thinkwithgoogle.com%2F_qs%2Fdocu-ments%2F6730%2FReport_e-Conomy_SEA_2018_by_Google_Temasek_v.pdf&usg=AOvVaw3tpXExVsTfDTfRtYYqSru8KEMKOMINFO. (2017). Laporan Tahunan Kementerian Komunikasi dan Informatika 2017. Jakarta : KEMKOMINFO.Kemp, S. (2018). Digital in 2018 Essential Insights Into Internet, Social Media, Mobile, and Ecommerce Use Around the World. We Are Social. p. 362.Koran Sindo. (2017). Membangkitkan Industri Startup Nasional. Jakarta : Amm. Retrieved October, 2018, from https://autotekno.sindonews.com/read/1266843/133/membangkitkan-industri-startup-nasional-1513606306Muhammadiyah. (2011). Upaya Pengembangan Ilmu Pengetahuan dan Teknologi Informasi dalam Rangka Menghadapi Pergeseran Pusat Geopolitik, Ekonomi dan Budaya Global ke China. Ashari, Ahmad. Retrieved October, 2018, from http://www.muhammadiyah.or.id/muhfile/download/Pengajian%20Ramadhan%201432H/Ahmad%20Ashari.pdfNizar, Muhammad. (2018). Pendekatan Komprehensif E-commerce Perspektif Syariah. Perisai, Vol 2 (1), p.75-86.Robinson, James. et al. (2018). Accelerating Indonesia’s Digital Economy : Assigning the 700 MHz Band to Mobile Broadband. London : GSMA Intelligence.Shaikh, S. A. (2016). MPRA : Equitable Distribution of Income with Growth in an Islamic Economy. MPRA Paper No. 68744.The Statistics Portal. (2018). E-Commerce Indonesia. New York : Author. Retrieved October, 2018, from https://www.statista.com/outlook/243/120/ecommerce/indonesiaUGM. (2000). Aplikasi Input Output untuk Perencanaan Ekonomi Daerah. Yogyakarta : Pusat Antar Universitas Studi Ekonomi UGM.Widagdo, Prasetyo. (2016). Perkembangan Electronic Commerce (E-Commerce) di Indonesia. Researchgate Article.Wikipedia. (2018). Pertumbuhan Ekonomi. Retrieved February, 2019, from https://id.wikipedia.org/wiki/Pertumbuhan_ekonomi World Bank. (2018). Malaysia’s Digital Economy : A New Driver of Development. Washington : Worldbank Group.
Published
2019-05-16
How to Cite
Barata, A. (2019). STRENGTHENING NATIONAL ECONOMIC GROWTH AND EQUITABLE INCOME THROUGH SHARIA DIGITAL ECONOMY IN INDONESIA. Journal of Islamic Monetary Economics and Finance, 5(1), 145-168. https://doi.org/10.21098/jimf.v5i1.1053
Section
Articles