Journal of Sustainable Economics

The Impact of User-Generated Content, Social Interactions and virtual Economies on Metaverse Environments

Zahid Hussain — 2023-11-30

This study examines how user-generated content, social interactions, and virtual economies impact the Metaverse's changing environment. It offers crucial knowledge for policymakers, stakeholders, and developers of the Metaverse in building interesting and long-lasting virtual worlds. The study surveyed 385 respondents from the South Asian demographic using a Likert rating scale through an online survey. Demographic variables were analyzed using SPSS version 29, focusing on frequency and percentage distribution. Means and standard deviations were calculated for each variable and survey item. The main analysis included multiple regression to evaluate hypotheses regarding the interaction between user-generated content, social interaction, and the virtual economy. User-generated content significantly improves Metaverse environments (= 0.22, p<0.01**), highlighting its crucial part in creating immersive virtual spaces. Metaverse environments bene t from social interactions (=0.16, p<0.01**), fostering involvement and community. In the growth of the Metaverse, virtual economies are extremely important (=0.501, p<0.001***), encouraging user participation and innovation. This research, which uses rigorous statistical analysis and focuses on South Asian demographics, offers novel insights into the metaverse dynamics. It serves as a crucial resource for the Metaverse's future growth and development by guiding developers, stakeholders, and policymakers as they navigate the Metaverse's seemingly limitless potential.

Long-Run Determinants of Inflation in Malaysia and Indonesia: Does Geopolitical risk matter?

Yusri Yahya — 2023-11-30

This study attempts to investigate the determinants of inflation in Malaysia and Indonesia in the long run. By using macroeconomic variables that theoretically matter to manage inflation such as money supply and exchange rate, this study also includes geopolitical risk index as proxy of uncertainty to be investigated further as another determinant that may cause the increasing of inflation rate in Malaysia and Indonesia. The data covers the period 2014:M11 to 2023:M8. Autoregressive distributed lag (ARDL) approach is employed to determine the long-run relationship. The main findings in this study demonstrate that the money supply and geopolitical risk are among the determinants of inflation in Malaysia in the long run. Meanwhile contrary to that, only money supply determines inflation in Indonesia. The finding indicates that money supply and geopolitical risk matter to inflation management. Hence, this study suggests that monetary authorities must take an active role towards money supply and geopolitical risk issue.

Does the Democracy and Economic Growth Affect Human Development in Indonesia?

Wahyu Sugeng Imam Soeparno — 2023-11-30

Democracy and economic growth can be improvement of human development progress. The interaction between democracy and economic growth and human development achievements has profound implications for the development of societies and countries. This article will contribute to a better understanding of the complicated interplay between democracy, economic growth and human development. The study employs the autoregressive distributed (ARDL) to prove the relationship between democracy, economic growth and human development in Indonesia for the period 1990-2021. There is long-run cointegration relationship between democracy and economic growth on human development in Indonesia during the sample period. Where, economic growth contibutes positively to HDI and is statistically significant and democracy not significant impact to human development in Indonesia. In the short-run, democracy and economic growth have a positive and significant impact on human development in Indonesia. where democracy has greater implications for human development than economic growth. Diagnostic tests for serial correlation, functional form, normality and heteroscedasticity of the models were conducted, and the results are valid for meaningful interpretation.

Financial Literacy and MSME Performance: Mediation and Moderation Analysis

Juan Jose Duran Hererra — 2023-11-30

This research examines the mediating role of access to finance, financial risk management, and competitive advantage in the relationship between financial literacy and Micro, Small, and Medium Enterprises (MSME) performance. This research also tests demographic factors such as the owner's gender, company size, company age, and number of employees in moderating the influence of the variables studied. The sample for this research is MSMEs in Jakarta Province, Indonesia. Five hundred and fifty MSMEs participated in the study using a web-based self-administered questionnaire. The data was analyzed using Partial Least Square Structural Equation Modeling (PLS-SEM). The research results show that financial literacy positively affects access to finance, financial risk management, competitive advantage, and MSME performance. Access to finance, financial risk management, and competitive advantage positively affect MSME performance and can mediate the relationship between financial literacy and MSME performance. The research also uncovers the moderating role of demographic factors, suggesting that the strength of the connections between financial literacy, access to finance, financial risk attitude, competitive advantage, and MSME performance may vary based on these factors. These findings carry significant implications for owners, managers, and governmental stakeholders, emphasizing the importance of enhancing financial literacy among MSMEs to enhance their performance.

The Determinants of Capital Structure of Islamic Banks in Indonesia, Malaysia, and Brunei Darussalam

Weni Hawariyuni — 2023-11-30

This study is to determine the effect of Profitability, Liquidity, Asset Growth, Bank Size, and Asset Structure on the Capital Structure of Islamic banks in Indonesia, Malaysia, and Brunei Darussalam. The type of research used is descriptive quantitative, which is a descriptive approach with a quantitative approach. The analysis technique used is panel data regression with fixed effect model is the selected model. The population used in this study is Islamic banks in Indonesia, Malaysia, and Brunei Darussalam. The data was collected from Asian Banker website for 27 banks. The sample selected using purposive sampling method was 22 Islamic banks in Indonesia, Malaysia and Brunei Darussalam which consistently published annual reports during 2015-2021 period. Data collection was carried out using secondary data in the form of annual reports of 22 banks during the 2015-2021 period. The results showed that the Profitability and Asset Growth variables had a positive and insignificant effect on Capital Structure, Liquidity had a negative and significant effect on Capital Structure, and Bank Size and Asset Structure had a significant positive effect on Capital Structure.