The Effect of Research and Development (R&D) Investment, E-Commerce Company Employee, And E-Commerce Transaction Volume On Economic Growth In Indonesia 2010Q1 – 2020Q4

Published: Sep 30, 2022

Abstract:

Purpose: This study aims to analyze the effect of R&D investment, the volume of e-commerce transactions, and e-commerce companies’ employees on economic growth in Indonesia for the period 2010Q1 – 2020 Q4.

Research methodology: The analytical method used in this study is OLS (Ordinary Least Square) and a method using time series data in the form of quarterly from 2010 to 2020. In conducting this research the author uses the help of the E-views 9 analysis tool.

Results: The results of this study are that the variables of R&D investment, e-commerce companies’ employees, and the volume of e-commerce transactions have a partial or joint effect on economic growth in Indonesia from 2010 Q1 to 2020 Q4.

Limitations: This research is limited by several factors, among others; R&D investment, e-commerce companies’ employees, and volume of e-commerce transactions.

Contribution: The results obtained from this research are expected to be one of the references in making policy directions based on the data presented to adjust the right policies, especially to achieve economic digitization in Indonesia.

Keywords:
1. Investment
2. E-Commerce
3. Economics Growth
Authors:
1 . Heru Wahyudi
2 . Gebrella Nadia Sumahir
How to Cite
Wahyudi, H., & Sumahir, G. N. (2022). The Effect of Research and Development (R&D) Investment, E-Commerce Company Employee, And E-Commerce Transaction Volume On Economic Growth In Indonesia 2010Q1 – 2020Q4. Studi Ilmu Manajemen Dan Organisasi, 1(2), 153–165. https://doi.org/10.35912/simo.v1i2.1416

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References

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    Americo, A., & Veronico, A. (2018). The Effect of E-commerce on Employment in Retail Sector. 25(1), 239–248.

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    Snowden, K. (2008). International Journal of Commerce and Management changes publisher. International Journal of Commerce and Management, 17(5), 42. https://doi.org/10.1108/ijcoma.2007.34817aaa.001

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  1. Achjari, D. (2000). Potensi Manfaat dan Problem di E-Commerce. Jurnal Ekonomi Dan Bisnis Indonesia, 15(3), 388–395.
  2. Americo, A., & Veronico, A. (2018). The Effect of E-commerce on Employment in Retail Sector. 25(1), 239–248.
  3. Arsyad, L. (2016). Ekonomi Pembangunan. UPP STIM YKPN.
  4. Bank Indonesia. (2021). Laporan Kebijakan Moneter 2021.
  5. Box, Sarah, And Gonzalez, L. (2017). The future of technology: Opportunities for ASEAN in the digital economy. Global Megatrends: Implications for the ASEAN Economic Community, March, 37–60. http://asean.org/global-megatrends/
  6. Chen, L., & Kimura, F. (2020). E-commerce Connectivity in ASEAN.
  7. Connolly, R., & Hirschey, M. (2005). Firm Size and The Effect of R&D on Tobin’s Q. R&D Management, 35(2), 217–223.
  8. Couture, V., Faber, B., Gu, Y., & Liu, L. (2018). E-Commerce Integration and Economic Development: Evidence from China. CEPR Discussion Paper 12771. https://doi.org/10.3386/w24384
  9. Dianari, R. G. F. (2019). Pengaruh E-Commerce Terhadap Pertumbuhan Ekonomi Indonesia. In Bina Ekonomi (Vol. 22, Issue 1, pp. 43–62). https://doi.org/10.26593/be.v22i1.3619.45-64
  10. Kutla?a, D., Šesti?, S. S., Jeli?, S., & Panti?, S. P. (2020). The Impact of investment in Research and Development on the Economic Growth in Serbia. Industrija, 48(1), 23–46. https://doi.org/10.5937/industrija
  11. Mohamed, M. R., Singh, K. S. J., & Liew, C. Y. (2013). Impact of foreign direct investment & domestic investment on economic growth of Malaysia. Malaysian Journal of Economic Studies, 50(1), 21–35.
  12. Pertiwi, S. B., & Sustikarini, A. (2006). The Impacts of E-Commerce to Regional Integration in Southeast Asia. 165–183.
  13. Pradana, M. (2016). Klasifikasi Bisnis E-Commerce Di Indonesia. Modus, 27(2), 163. https://doi.org/10.24002/modus.v27i2.554
  14. Purohit, M. C., & Purohit, V. K. (2005). E-commerce and Economic Development. Foundation for Public Economics and Policy Research.
  15. Qu, L., & Chen, Y. (2014a). The Impact of e-commerce on China ’ s Economic Growth. WHICEB 2014 Proceedings, June, 66–72.
  16. Qu, L., & Chen, Y. (2014b). The Impact of e-commerce on China ’ s Economic Growth. Wuhan International Conference on E-Business, 211, 66–72. http://aisel.aisnet.org/whiceb2014/101
  17. Sayekti, N. W. (2020). Tantangan Perkembangan Ekonomi Digital di Indonesia. Bidang Ekonomi Dan Kebijakan Publik. Info Singkat DRP RI., X(05).
  18. Sheikh, & Wang. (2011). Determinants of capital structure An empirical study of firms in manufacturing industry of Pakistan. Managerial Finance, 37(2), 117–133.
  19. Silvia, A. (2015). The Impact of R&D Investment on Economic Performance: A Review of the Econometric Evidence. Working Party of National Experts on Science and Technology Indicators.
  20. Sixun Liu. (2013). An empirical study on e-commerce’s effects on economic growth. Icetms, 0081–0084. https://doi.org/10.1109/nces.2012.6543371
  21. Snowden, K. (2008). International Journal of Commerce and Management changes publisher. International Journal of Commerce and Management, 17(5), 42. https://doi.org/10.1108/ijcoma.2007.34817aaa.001
  22. Ulku, H. (2004). RandD, innovation, and Economic Growth: An Empirical Analysis. IMF Working Papers, 04(185), 1. https://doi.org/10.5089/9781451859447.001
  23. Yang, C. H., & Chen, Y. H. (2016). R&D, productivity, and exports: Plant-level evidence from Indonesia. Economic Modelling, 29(2), 208–216. https://doi.org/10.1016/j.econmod.2011.09.006.