ORIGINAL RESEARCH ARTICLE | June 15, 2022
Fiscal Policy and Macroeconomic Performance in Nigeria
Enyoghasim, Oguwike Michael, Ogwuru, Hycenth Oguejiofoalo Richard, Agbanike, Faith Tobechi, Anochiwa, Lasbrey, Agu, C. Glory
Page no 188-199
This study examines the contribution of fiscal policy measures to economic stability in Nigeria. Specifically, the study examines the impact of fiscal policy measures on macroeconomic variable of growth - the gross domestic product. In order to achieve our objectives, we employed the econometric techniques of ordinary least squares and co-integration/error correction mechanism to analyze our data with a scope of 1970 to 2019. Our results and findings show that fiscal policy measures had serious implication on economic growth. This is evidenced by the coefficient of determination of the model. The R2 value is consistently high in the model. Also, government expenditure and revenue were significant in the model. Based on findings, the study recommends that government should improve her role in the economic management by stepping up her capital expenditure and reducing recurrent expenditure in order to boost infrastructural development and create the enabling environment for increased private investment in the economy.
ORIGINAL RESEARCH ARTICLE | June 24, 2022
Exploring the Role of Exchange Rate in Driving Market Capitalization in Nigeria
Dennis Brown Ewubare, Evans Samuel Chukwu, Christopher Ifeanyi Ezekwe
Page no 200-207
The centrality of exchange rate in stock market performance cannot be over-emphasized. Thus, this study examined the dynamic effects of exchange rate on market capitalization in Nigeria. The specific objectives are to examine the effects of nominal exchange rate, real effective exchange rate, real interest rate and inflation rate on market capitalization using time series data which were obtained from the WDI and World Federation Exchanges Database between 1993 and 2020. Unit root test, cointegration test, ARDL estimation method, Granger causality tests were applied to analyze the data. The unit root test results showed that only market capitalization is stationary at levels whereas the other variables become stationary at first difference. The bounds cointegration test result revealed that market capitalization has long run relationship with the explanatory variables. The results revealed that real effective exchange rate impacted positively on the market capitalization. This implies that increase in real exchange rate (depreciation of the naira) creates opportunity for increase in the capital market size. The results further revealed that nominal exchange rate has an insignificant positive effect on market capitalization in the short run and long run. This could be linked to the inconsistency that characterizes the official exchange rate policy in Nigeria. It was also found that real interest rate has significant negative effect on market capitalization in the long run. At the same time, inflation rate negatively affected market capitalization. The Granger causality test results showed that a unidirectional causality runs from real interest rate and market capitalization. Given the findings, this study recommends that policymakers should ensure that the exchange rate management prioritizes a realistic and stable exchange rate to boost global competitiveness and improve market capitalization.
ORIGINAL RESEARCH ARTICLE | June 29, 2022
Analysis of One Data Policy Implementation in the “Satu Data Hulu Sungai Selatan” to Digitalization and Regional Development (Study on Implementation of Website Portal “Satu Data Hulu Sungai Selatan”)
Nani Yuniarty, M. Anshar Nur, M. Riduansyah Syafari, Jamaluddin, Ahmad Yunani
Page no 208-217
The strategy in overcoming obstacles and obstacles in the Implementation of One Data for Hulu Sungai Selatan in accordance with Regent Regulation Number 40 of 2021 in Hulu Sungai Selatan Regency is to increase the disposition factor or attitude of the implementer which has been successfully implemented optimally. In the indicators for the appointment of bureaucrats, all policy implementers carry out their duties with discipline and responsibility. Meanwhile, on the incentive indicator for the One Data Website admin officer in the Website Portal field, there are no incentives given specifically to the administrator of the One Data HSS Website. One Data Officers have been given a salary and Performance Allowance or honorarium according to their duties and functions. One Data Admin, both from the Ministry of Communication and Informatics and from the OPD, received an assignment from the Head of the OPD to fill in sectoral statistical data on the Hulu Sungai Selatan one data portal. In addition, the last factor, namely the bureaucratic structure, has also been successfully implemented. In the Standard Operating Procedures (SOP) indicator, there are already Standard Operating Procedures (SOP) at the Communication and Information Office of Hulu Sungai Selatan Regency in the Regional Digitization Program in carrying out their duties and carried out according to the SOP. In the fragmentation indicator, all communities are carried out equally without being privileged, either from the relevant agencies such as Bappelitbangda or the general public who are looking for data for research purposes and so on.
ORIGINAL RESEARCH ARTICLE | June 29, 2022
MSME Tax Compliance: Impact of E-Commerce Regulation, Implementation of Accounting Standards and Tax Review
Page no 218-221
This study aims to determine how the effect of e-commerce tax regulations, implementation of accounting standards and tax review on taxpayer compliance of Micro, Small, Medium Enterprises (MSMEs) in Jakarta and its surroundings. The study is based on the low level of tax compliance in Indonesia and tax revenues that do not reach the target, even though trade transactions, especially e-commerce, continue to grow. The development of e-commerce transactions requires an understanding of e-commerce regulations, implementation of accounting standards and tax reviews to improve tax compliance of MSME actors. This study uses quantitative methods with multiple regression analysis test through statistical data analysis software SPSS. The data used is primary data collected using a questionnaire with 390 respondents data that can be processed. The results of the study prove that the e-commerce regulation variable and tax review have an effect on MSME taxpayer compliance, while the accounting implementation variable has no effect on MSME taxpayer compliance in Jakarta. The results of this study can be used as a reference for the contribution of MSME practices, consideration for making regulations for the government and teaching input on E-Commerce Tax Regulations, Accounting Applications and Tax reviews on MSME taxpayer compliance, as well as being a scientific reference for future study.