Pengaruh Pembiayaan Ultra Mikro (UMi) terhadap Pertumbuhan Ekonomi Daerah Melalui Pertumbuhan Produksi Industri Mikro dan Kecil
Article Sidebar
Main Article Content
Abstract
To maintain and increase economic growth rates above 5%, since 2017, Indonesia has launched an Ultra Micro Financing program for enterprises below micro and small categories (ultra micro enterprises). The financing is used to complement other types of financing, which is a bank loan for micro, small, and medium enterprises. Using regression method and causal testing to a panel data of 33 provinces in Indonesia during 2017 till 2018, this study aims to prove the direct and indirect effect of MSEs financing on regional economic growth and production growth in provincial regions in Indonesia. This research shows that the MSEs financing has positive impact on the manufacturing production growth but no significant impact on regional economic growth that is shown by Gross Domestic Product (GDP). This research also proves that manufacturing production has significant impact on GDP.
Dalam usaha mencapai tingkat ekonomi di atas 5%, sejak tahun 2017, pemerintah Indonesia telah menerbitkan Pembiayaan Ultra Mikro (UMi), suatu program pembiayaan yang menyasar usaha di bawah kategori mikro dan kecil, yaitu usaha ultra mikro. Pembiayaan ini merupakan program komplemen atas Kredit Usaha Rakyat (KUR), yang berbentuk pinjaman bank terhadap usaha mikro, kecil dan menengah (UMKM). Dengan metode regresi dan analisis jalur atas data panel dari 33 provinsi di Indonesia tahun 2017-2018, penelitian ini bertujuan untuk membuktikan ada tidaknya pengaruh Pembiayaan Ultra Micro terhadap pertumbuhan ekonomi regional dan pertumbuhan produksi industri mikro dan kecil di tingkat provinsi. Penelitian ini menunjukkan bahwa Pembiayaan Ultra Mikro memiliki pengaruh signifikan terhadap pertumbuhan produksi industri mikro dan kecil namun tidak memiliki dampak signifikan terhadap pertumbuhan ekonomi regional, yang ditunjukkan oleh PDRB.
Article Details
This work is licensed under a Creative Commons Attribution 4.0 International License.
Copyright notice can be accessed here
References
Asmara, C. G. (2020, April 7). Sri Mulyani: UMKM-TKI Boleh Tunda Bayar Pokok & Bunga KUR. CNBC Indonesia. Retrieved from https://www.cnbcindonesia.com/market/20200407132252-17-150307/sri-mulyani-umkm-tki-boleh-tunda-bayar-pokok-bunga-kur
Assefa Admassie, & Matambalya, F. A. S. T. (2002). Technical Efficiency of Small-and Medium-Scale Enterprises: Evidence from a Survey of Enterprises in Tanzania. Eastern Africa Social Science Research Review, 18(2), 1–29. https://doi.org/10.1353/eas.2002.0007
Batool, S. A., & Zulfiqar, S. (2013). Analyzing the Input Output Relationship of Small and Medium Enterprises in Pakistan: An Econometric Approach. International Journal of Business and Economic Development, 1(1), 66–73. Retrieved from https://mpra.ub.uni-muenchen.de/50069/
Cobb, C. W., & Douglas, P. H. (1928). A Theory of Production. American Economic Association. America Economic Association. https://doi.org/10.1515/humr.1998.11.2.161
Gujarati, D. (2003). Basic Econometric (4th ed.). New York: McGraw-Hill.
Gupta, V., Saini, J. S., & Chaddha, S. (2018). MSME Financing : Growth and Challenges. International Journal for Research in Engineering Application & Management, 04(07), 716–727. https://doi.org/10.18231/2454-9150.2018.1036
Haller, A. (2012). Concepts of Economic Growth and Development. Challenges of Crisis and of Knowledge, 15(1), 66–71.
Hofmann, J., & Werkheiser, C. (2017). Efficiency of Fixed and Random Effects Estimators: A Monte Carlo Analysis. Journal of Chemical Information and Modeling, 8(9), 1–58. https://doi.org/10.1017/CBO9781107415324.004
IFC. (2011). SME Finance Policy Guide. Washington.
Indonesia, R. Undang-Undang Nomor 20 Tahun 2008 tentang Usaha Mikro, Kecil, dan Menengah, Pub. L. No. 20, 1 (2008). Indonesia. Retrieved from https://m.hukumonline.com/pusatdata/detail/28029/undangundang-nomor-20-tahun-2008
Lin, S. A. Y. (1994). Government spending and economic growth. Applied Economics, 26(1), 83–94. https://doi.org/10.1080/00036849400000064
Menteri Keuangan. Peraturan Menteri Keuangan Nomor 95/PMK/05/2018 tentang Pembiayaan Ultra Mikro, Pub. L. No. 95 (2018). Indonesia. Retrieved from www.jdih.kemenkeu.go.id
Menteri Koordinator Bidang Perekonomian, R. I. Pedoman Pelaksanaan Kedit Usaha Rakyat, Pub. L. No. 11, Permenko 11 Tahun 2017 (2017). Indonesia: Menteri koordinator Bidang Perekonomian. Retrieved from
http://kur.ekon.go.id/upload/doc/permenko-11-tahun-2017-publish.pdf
Ooi, E., Atkinson, A., & Messy, F.-A. (2017). Financial Education for Micro, Small and Medium-Sized Enterprises in Asia. Jakarta. Retrieved from www.financial-education.org
Panigrahi, A. K. (2012). Risk Management in Micro, Small and Medium Enterprises (MSMEs) in India: A Critical Appraisal. Asia Pacific Journal of Marketing & Management Review, 1(4).
Pemerintah, P. I. (2019). Pembiayaan Ultra Mikro (UMi). Retrieved April 23, 2020, from https://www.kemenkeu.go.id/umi
Rewilak, J. (2017). The role of financial development in poverty reduction. Review of Development Finance, 7(2), 169–176. https://doi.org/10.1016/j.rdf.2017.10.001
Sekaran, U., & Bougie, R. (2016). Research Methods For Business. In Encyclopedia of Quality of Life and Well-Being Research (Seventh). https://doi.org/10.1007/978-94-007-0753-5_102084
Tregenna, F. (2011). WIDER Working Paper No. 2011/57 Manufacturing Productivity, Deindustrialization, and Reindustrialization.
Vandenberg, P. (2009). Micro , Small and Medium-sized Enterprises and the Global Economic Crisis Impacts and Policy Responses (First). Geneva: International Labour Office. Retrieved from http://www.ilo.org/publns
Wardhono, A., Modjo, M. I., & Utami, E. W. (2019). The Role Of Credit Guarantee Schemes For Financing MSMEs: Evidence From Rural And Urban Areas In Indonesia. Tokyo.