The Effect of Electronic Money Transactions on Household Consumption

This study aims to determine the effect of the volume of electronic money transactions on household consumption in Indonesia, Malaysia, Thailand, and Singapore from 2012 to 2019. The seemingly unrelated regression method was chosen due to heteroscedasticity and contemporaneous correlation problems i...

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Main Authors: Gigih Prihantono, Afif Kusnul Kholifah
Format: Article
Language:English
Published: Universitas Airlangga, Departemen Ilmu Ekonomi Fakultas Ekonomi dan Bisnis 2023-12-01
Series:JIET (Jurnal Ilmu Ekonomi Terapan)
Subjects:
Online Access:https://e-journal.unair.ac.id/JIET/article/view/44716
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author Gigih Prihantono
Afif Kusnul Kholifah
author_facet Gigih Prihantono
Afif Kusnul Kholifah
author_sort Gigih Prihantono
collection DOAJ
description This study aims to determine the effect of the volume of electronic money transactions on household consumption in Indonesia, Malaysia, Thailand, and Singapore from 2012 to 2019. The seemingly unrelated regression method was chosen due to heteroscedasticity and contemporaneous correlation problems in the model. This method estimates the relationship between the volume of electronic money transactions and household consumption. In this study, electronic money is used in the form of chips and servers. The results of this study indicate that Indonesia, Malaysia, Thailand, and Singapore have a significant positive relationship between the volume of electronic money transactions and household consumption. It indicates that consumers already have confidence in the non-cash payment transaction system, especially electronic money, and feel that using it is more efficient, fast, and secure.
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spelling doaj.art-7b7a7d8f2df7456abc1d4e8fd8f905ef2023-12-11T11:03:30ZengUniversitas Airlangga, Departemen Ilmu Ekonomi Fakultas Ekonomi dan BisnisJIET (Jurnal Ilmu Ekonomi Terapan)2541-14702528-18792023-12-018215717210.20473/jiet.v8i2.4471642800The Effect of Electronic Money Transactions on Household ConsumptionGigih Prihantono0https://orcid.org/0000-0003-2824-9265Afif Kusnul Kholifah1Faculty of Economics and Business, Universitas Airlangga, Surabaya, IndonesiaFaculty of Economics and Business, Universitas Airlangga, Surabaya, IndonesiaThis study aims to determine the effect of the volume of electronic money transactions on household consumption in Indonesia, Malaysia, Thailand, and Singapore from 2012 to 2019. The seemingly unrelated regression method was chosen due to heteroscedasticity and contemporaneous correlation problems in the model. This method estimates the relationship between the volume of electronic money transactions and household consumption. In this study, electronic money is used in the form of chips and servers. The results of this study indicate that Indonesia, Malaysia, Thailand, and Singapore have a significant positive relationship between the volume of electronic money transactions and household consumption. It indicates that consumers already have confidence in the non-cash payment transaction system, especially electronic money, and feel that using it is more efficient, fast, and secure.https://e-journal.unair.ac.id/JIET/article/view/44716the volume of electronic moneyhousehold consumptionseemingly unrelated regression
spellingShingle Gigih Prihantono
Afif Kusnul Kholifah
The Effect of Electronic Money Transactions on Household Consumption
JIET (Jurnal Ilmu Ekonomi Terapan)
the volume of electronic money
household consumption
seemingly unrelated regression
title The Effect of Electronic Money Transactions on Household Consumption
title_full The Effect of Electronic Money Transactions on Household Consumption
title_fullStr The Effect of Electronic Money Transactions on Household Consumption
title_full_unstemmed The Effect of Electronic Money Transactions on Household Consumption
title_short The Effect of Electronic Money Transactions on Household Consumption
title_sort effect of electronic money transactions on household consumption
topic the volume of electronic money
household consumption
seemingly unrelated regression
url https://e-journal.unair.ac.id/JIET/article/view/44716
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