ANALYSIS OF THE IMPACT OF FINANCIAL TECHNOLOGY (FINTECH) ON THE INDONESIAN ECONOMY IN THE NEW NORMAL ERA

Authors

  • Yuni Utami University of Pancasakti Tegal, Indonesia

DOI:

https://doi.org/10.29040/ijebar.v6i4.7059

Abstract

This study aims to analyze the impact of Financial Technology (Fintech) on the Indonesian economy in the new normal era. This study uses a quantitative approach with time series data in the form of monthly Fintech statistical reports from June 2020 to June 2022 and monthly SEKI (Indonesian Economic and Financial Statistics) reports from June 2020 to June 2022. The analysis technique of this research uses regression. The results of this study indicate that Fintech has a positive and significant impact on Indonesia's economic growth. This shows that the faster Fintech growth in Indonesia, the more positive the impact on the Indonesian economy. These results implicitly state that one of the ways to improve the Indonesian economy in the New Normal Era is by increasing Fintech.

References

Acemoglu, D. (2012). Introduction to economic growth. Journal of economic theory, 147(2), 545-550.

Chuang, L. M., Liu, C. C., & Kao, H. K. (2016). The adoption of fintech service: TAM perspective. International Journal of Management and Administrative Sciences, 3(7), 1-15.

Fisabilillah, L. W. P., & Hanifa, N. (2021). Analisis pengaruh fintech lending terhadap perekonomian Indonesia. Indonesian Journal of Economics, Entrepreneurship, and Innovation, 1(3), 154-159.

Gai, K., Qiu, M., & Sun, X. (2018). A survey on FinTech. Journal of Network and Computer Applications, 103, 262-273.

Hinson, R., Lensink, R., & Mueller, A. (2019). Transforming agribusiness in developing countries: SDGs and the role of FinTech. Current Opinion in Environmental Sustainability, 41, 1-9.

Maulana, Y., & Wiharno, H. (2022). Fintech P2P Lending dan Pengaruhnya Terhadap Pertumbuhan Ekonomi Indonesia. Indonesian Journal of Strategic Management, 5(1).

Muqorrobin, M. (2017). Pengaruh Indeks Pembangunan Manusia (IPM) Terhadap Pertumbuhan Ekonomi Provinsi Jawa Timur. Jurnal Pendidikan Ekonomi (JUPE), 5(3).

Muzdalifa, I., Rahma, I. A., Novalia, B. G., & Rafsanjani, H. (2018). Peran fintech dalam meningkatkan keuangan inklusif pada UMKM di Indonesia (pendekatan keuangan syariah). Jurnal Masharif al-Syariah: Jurnal Ekonomi dan Perbankan Syariah, 3(1).

Nicoletti, B., Nicoletti, W., & Weis. (2017). Future of FinTech. Basingstoke, UK: Palgrave Macmillan.

Nurcahya, Y. A., & Dewi, R. P. (2019). Analisis Pengaruh Perkembangan Fintech dan E-Commerce terhadap Perekonomian Masyarakat. JAB (Jurnal Akuntansi & Bisnis), 5(02).

Puschmann, T. (2017). Fintech. Business & Information Systems Engineering, 59(1), 69-76.

Rahardjo, B., Ikhwan, K., & Siharis, A. K. (2019). Pengaruh financial technology (fintech) terhadap perkembangan UMKM di Kota Magelang. In Prosiding Seminar Nasional Fakultas Ekonomi Untidar 2019.

Schueffel, P. (2016). Taming the beast: A scientific definition of fintech. Journal of Innovation Management, 4(4), 32-54.

Sihombing, R. (2021). Analisis Pengaruh Financial Technology Terhadap Pertumbuhan Ekonomi Melalui Investasi Di Indonesia. Jurnal Ilmiah Mahasiswa FEB, 10(1).

Sparrow, R., Dartanto, T., & Hartwig, R. (2020). Indonesia under the new normal: Challenges and the way ahead. Bulletin of Indonesian Economic Studies, 56(3), 269-299.

Xepapadeas, A. (2005). Economic growth and the environment. Handbook of environmental economics, 3, 1219-1271.

Downloads

Published

2022-11-25

How to Cite

Utami, Y. (2022). ANALYSIS OF THE IMPACT OF FINANCIAL TECHNOLOGY (FINTECH) ON THE INDONESIAN ECONOMY IN THE NEW NORMAL ERA. International Journal of Economics, Business and Accounting Research (IJEBAR), 6(4). https://doi.org/10.29040/ijebar.v6i4.7059

Issue

Vol. 6 No. 4 (2022): IJEBAR, Vol. 6 Issue 4, December 2022

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).