The Impact of Cashless Payment on Indonesian Economy: Before and During Covid-19 Pandemic
This study aims to analyze the impact of cashless payments on Indonesia’s economy, before and during the COVID-19 pandemic. The economic growth in this study is calculated through GDP at constant price and the cashless payment in this study are represented by transactions through debit card, credit...
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| Format: | Article |
| Language: | English |
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Jurusan Ekonomi Pembangunan Fakultas Ekonomi Universitas Sriwijaya
2022-08-01
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| Series: | Jurnal Ekonomi Pembangunan |
| Subjects: | |
| Online Access: | https://ejournal.unsri.ac.id/index.php/jep/article/view/17898 |
| _version_ | 1811201014516154368 |
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| author | Irvi Givelyn Siti Rohima Mardalena Mardalena Fera Widyanata |
| author_facet | Irvi Givelyn Siti Rohima Mardalena Mardalena Fera Widyanata |
| author_sort | Irvi Givelyn |
| collection | DOAJ |
| description | This study aims to analyze the impact of cashless payments on Indonesia’s economy, before and during the COVID-19 pandemic. The economic growth in this study is calculated through GDP at constant price and the cashless payment in this study are represented by transactions through debit card, credit card, and e-money. The data used in this study uses secondary data in the form of time series data from January 2018 to December 2022. The data was obtained from the Central Bank of Indonesia (BI) statistic data and Statistics Indonesia (BPS). The analytical method used in this study is the Autoregressive Distributed Lag (ARDL). Based on the results of estimations indicate that in the short run as well as in the long run, debit card and credit card have an insignificant impact on economic growth, while e-money has a positive and significant impact. Cashless payment has a significant positive impact on economic growth, before and during COVID-19 pandemic, however during the pandemic, the impact of cashless payment on economic growth was bigger. As a result, the current cashless policy should be modified to create an efficient payment system while also considering the impact of using cashless payment instruments during the COVID-19 pandemic. |
| first_indexed | 2024-04-12T02:13:20Z |
| format | Article |
| id | doaj.art-56f59d0e58214b7ea09678f6a2e65618 |
| institution | Directory Open Access Journal |
| issn | 1829-5843 2685-0788 |
| language | English |
| last_indexed | 2024-04-12T02:13:20Z |
| publishDate | 2022-08-01 |
| publisher | Jurusan Ekonomi Pembangunan Fakultas Ekonomi Universitas Sriwijaya |
| record_format | Article |
| series | Jurnal Ekonomi Pembangunan |
| spelling | doaj.art-56f59d0e58214b7ea09678f6a2e656182022-12-22T03:52:19ZengJurusan Ekonomi Pembangunan Fakultas Ekonomi Universitas SriwijayaJurnal Ekonomi Pembangunan1829-58432685-07882022-08-012018910410.29259/jep.v20i1.178986492The Impact of Cashless Payment on Indonesian Economy: Before and During Covid-19 PandemicIrvi Givelyn0Siti Rohima1Mardalena Mardalena2Fera Widyanata3Department of Development Economics, Faculty of Economics, Universitas SriwijayaDepartment of Development Economics, Faculty of Economics, Universitas SriwijayaDepartment of Development Economics, Faculty of Economics, Universitas SriwijayaDepartment of Development Economics, Faculty of Economics, Universitas SriwijayaThis study aims to analyze the impact of cashless payments on Indonesia’s economy, before and during the COVID-19 pandemic. The economic growth in this study is calculated through GDP at constant price and the cashless payment in this study are represented by transactions through debit card, credit card, and e-money. The data used in this study uses secondary data in the form of time series data from January 2018 to December 2022. The data was obtained from the Central Bank of Indonesia (BI) statistic data and Statistics Indonesia (BPS). The analytical method used in this study is the Autoregressive Distributed Lag (ARDL). Based on the results of estimations indicate that in the short run as well as in the long run, debit card and credit card have an insignificant impact on economic growth, while e-money has a positive and significant impact. Cashless payment has a significant positive impact on economic growth, before and during COVID-19 pandemic, however during the pandemic, the impact of cashless payment on economic growth was bigger. As a result, the current cashless policy should be modified to create an efficient payment system while also considering the impact of using cashless payment instruments during the COVID-19 pandemic.https://ejournal.unsri.ac.id/index.php/jep/article/view/17898cashless payment, economic growth, covid-19 pandemic, ardl. |
| spellingShingle | Irvi Givelyn Siti Rohima Mardalena Mardalena Fera Widyanata The Impact of Cashless Payment on Indonesian Economy: Before and During Covid-19 Pandemic Jurnal Ekonomi Pembangunan cashless payment, economic growth, covid-19 pandemic, ardl. |
| title | The Impact of Cashless Payment on Indonesian Economy: Before and During Covid-19 Pandemic |
| title_full | The Impact of Cashless Payment on Indonesian Economy: Before and During Covid-19 Pandemic |
| title_fullStr | The Impact of Cashless Payment on Indonesian Economy: Before and During Covid-19 Pandemic |
| title_full_unstemmed | The Impact of Cashless Payment on Indonesian Economy: Before and During Covid-19 Pandemic |
| title_short | The Impact of Cashless Payment on Indonesian Economy: Before and During Covid-19 Pandemic |
| title_sort | impact of cashless payment on indonesian economy before and during covid 19 pandemic |
| topic | cashless payment, economic growth, covid-19 pandemic, ardl. |
| url | https://ejournal.unsri.ac.id/index.php/jep/article/view/17898 |
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