International Journal of Business, Economics and Management

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Online ISSN: 2312-0916
Print ISSN: 2312-5772
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No. 1

Contribution of Domestic Direct Investment and Direct Foreign Investment to Economic Growth in Indonesia Era Joko Widodo

Pages: 39-49
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Contribution of Domestic Direct Investment and Direct Foreign Investment to Economic Growth in Indonesia Era Joko Widodo

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DOI: 10.18488/journal.62.2021.81.39.49

Dhenok Darwanti , Darman . , Yolanda .

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Jufrida, F., Syechalad, M. N., & Nasir, M. (2016). Analysis of the effects of direct foreign investment (FDI) and domestic investment on Indonesia's economic growth. Journal of the Economic Perspectives of Darussalam, 2(1), 54-68.

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Syaparuddin. (2019). A study of investment pattern through economic sectors- based in Indonesia. International Journal of Innovation, Creativity and Change, 9(2), 227-239.

Tran, H. T. T., & Hoang, H. T. (2019). An investigation into the impacts of FDI, domestic investment capital, human resources, and trained workers on economic growth in Vietnam. Paper presented at the International Econometric Conference of Vietnam. Springer, Cham.

Trisnu, C. I. S. R., & Purbadharmaja, I. B. P. (2014). The influence of PMDN and PMA on PDRB in Bali Province. Journal of Development Economics, University of Udayana, 3, 88-95.

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Dhenok Darwanti , Darman . , Yolanda . (2021). Contribution of Domestic Direct Investment and Direct Foreign Investment to Economic Growth in Indonesia Era Joko Widodo. International Journal of Business, Economics and Management, 8(1): 39-49. DOI: 10.18488/journal.62.2021.81.39.49
This study aims to analyze the contribution of Domestic Investment (DDI) and Foreign Investment (DFI) to economic growth in Indonesia under President Jokowi. The data used are the 2014-2019 quarterly time series from the Word Bank, BPS and BPKM. This research uses descriptive quantitative method, with multiple regression analysis with SPSS. Hypothesis testing uses the t test (partial test) and F test (simultaneous test) with a significance of ? = 0.05. The results of hypothesis testing show that partially FDI has a negative effect on economic growth in Indonesia, while DDI has no significant effect on economic growth. However, simultaneously DDI and FDI have no significant effect on economic growth. At the end of the study, it is suggested that the role of the government as a regulator is needed to increase DDI and FDI so as to increase economic growth. Furthermore, Indonesia needs to improve the quality of innovative human resources as an attraction for investors to invest in Indonesia, such as Malaysia, Thailand and Vietnam.
Contribution/ Originality
The papers primary contribution is finding that contribution FDI and DDI to Indonesia economic growth hasn’t been significant; however role of the government as regulator can encourage increased investment through ease of licensing. Furthermore, it necessary to provide innovative human resources as an attraction for investors to invest in Indonesia.

A Qualitative Analysis of the Impediments to Business Innovation and Information Management in Nigeria: A Policy Stance

Pages: 31-38
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A Qualitative Analysis of the Impediments to Business Innovation and Information Management in Nigeria: A Policy Stance

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DOI: 10.18488/journal.62.2021.81.31.38

Ololade Grace Adewole , Festa Ndutimi Okrigwe , Jacob Kehinde Opele , Kehinde Oluwaseun Omotoso

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Akinyede, O. M., & Elumah, l. O. (2017). Economic policy and economic stability in Nigeria. Eurasian Review of Business and Finance, 1, 1-9.

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Hoffmann, L. K., & Melly, P. (2015). Nigeria's booming borders: The drivers and consequences of unrecorded trade. Chatham House Report - Executive, London.

Mwai, P. M. (2019). Government policies and their effects on business in Kenya. Open Access Library Journal, 6(3), 1-14. Available at: https://doi.org/10.4236/oalib.1105263.

Naudé, W., Szirmai, A., & Goedhuys, M. (2011). Innovation and entrepreneurship in developing countries. UNU.

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Tochukwu, E. K., Nwafor-Orizu, I., & Eze, O. M. (2018). Public policy formulation and implementation in Nigeria: Questions, challenges, and prospects. Global Journal of Management And Business Research, 18(3), 2249-4588.

Undelikwo, V. A., & Enang, E. E. (2018). Culture and data collection controversy: An albatross to accurate census in Nigeria. Academic Research International, 9(3), 82, 90.

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Ololade Grace Adewole , Festa Ndutimi Okrigwe , Jacob Kehinde Opele , Kehinde Oluwaseun Omotoso (2021). A Qualitative Analysis of the Impediments to Business Innovation and Information Management in Nigeria: A Policy Stance. International Journal of Business, Economics and Management, 8(1): 31-38. DOI: 10.18488/journal.62.2021.81.31.38
The ability of the Nigerian business sector to actively engage in innovative activities is germane to sustainable national growth and development. While the government has the primary responsibility to formulate policies that can mitigate societal problems and sustain economic stability, the business sector in the country has continued to experience government failure to implement previously formulated policies. The current study attempted to investigate the impediments to Nigerian Business Innovation and Information Management through the lens of a qualitative approach. The authors conducted a guided oral interview through the WhatsApp platform which was created to gather all impediments to the survey from the field officers who took an active part in data collection in six geopolitical zones in Nigeria. Subsequently, data gathered was analysed through Atlas. Ti version 8 software and the findings were presented by the regional spread. The study revealed that there are benefits in conducting a national business innovation survey, and these include input into effective planning, formulation, and implementation of relevant policies for sustainable development in the country. The outcome of the survey helps to benchmark the results with what obtains in other African countries. Key impediments include the firm's unwillingness to declare turnover because of the fear of an increase in tax policy and poor collaboration between the government and the industry. It was recommended that the government should come up with policies that will encourage business activities in the country and improve the relationship between the government and the industry.
Contribution/ Originality
This study contributes to the existing literature by examining the impediments to Nigerian business innovation and information management. The study uses a qualitative analysis approach. The study documents one of the policy strategies that can be used to drive sustainable business innovation activities in Nigeria.

Determinants of Technical Efficiency of Hospitals in Kenya: 2012-2016

Pages: 19-30
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Determinants of Technical Efficiency of Hospitals in Kenya: 2012-2016

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DOI: 10.18488/journal.62.2021.81.19.30

Samuel Ojwang OYIEKE , Nehemiah E. OSORO , John Innocent KARAMAGI

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Ahmed, S., Hasan, M. Z., Laokri, S., Jannat, Z., Ahmed, M. W., Dorin, F., . . . Khan, J. A. (2019). Technical efficiency of public district hospitals in Bangladesh: A data envelopment analysis. Cost Effectiveness and Resource Allocation, 17(15), 1-10. Available at: https://doi.org/10.1186/s12962-019-0183-6.

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Samuel Ojwang OYIEKE , Nehemiah E. OSORO , John Innocent KARAMAGI (2021). Determinants of Technical Efficiency of Hospitals in Kenya: 2012-2016. International Journal of Business, Economics and Management, 8(1): 19-30. DOI: 10.18488/journal.62.2021.81.19.30
Background: Health care is a basic human right and in the Kenyan constitution, it is the responsibility of the state to provide (GOK., 2010).The government has faced challenges of affordability, quality, availability and timely provision of health care services. Materials and Methods: The study used output oriented VRS_TE DEA model. In estimating the determinants, random effect panel regression model was used. The variables were; log of size, bed occupancy, catchment population, teaching status, average length of stay as independent variables and technical inefficiency as the dependent variable. The data was collected from the hospitals’ published data, and government statistics. Results: There was a general decline in efficiency between 2012 and 2016. VRS_TE (0.9012) was higher than CRS_TE (0.8042). The hospitals were heterogeneous in their operations. There was no hospital which was consistently efficient throughout the period. The average length of stay had significant negative relation with technical efficiency. Conclusion: Technical efficiency is negatively related with the average length of hospital stay. The hospitals should reduce the length of hospital stay through early discharge for stable cases and institute home care for follow-up and to handle the non-life threatening cases through home care.
Contribution/ Originality
This study contributes to the existing literature by using random effect model to estimate the determinants of technical efficiency. The primary contribution of this study is to demonstrate that devolution of health services positively affected health outputs and that average length of stay had significant negative effect on technical efficiency.

The Problem of Distribution of Food Products and their Influence on the Decision of Purchasing in the Consumer a Case Study of Milk Products in the South, Algeria

Pages: 10-18
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The Problem of Distribution of Food Products and their Influence on the Decision of Purchasing in the Consumer a Case Study of Milk Products in the South, Algeria

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DOI: 10.18488/journal.62.2021.81.10.18

Boudi Abdessamad , Azzouni Meriem , Bouzid Abdenour , Ait Kaci Azzou Redouane

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Boudi Abdessamad , Azzouni Meriem , Bouzid Abdenour , Ait Kaci Azzou Redouane (2021). The Problem of Distribution of Food Products and their Influence on the Decision of Purchasing in the Consumer a Case Study of Milk Products in the South, Algeria. International Journal of Business, Economics and Management, 8(1): 10-18. DOI: 10.18488/journal.62.2021.81.10.18
The study aimed to find out and determine the effect of the distribution component and its channels on the purchasing decision of the Algerian consumer towards the Milk factory production in Bechar City, the south of Algeria. A sample consisting of 100 consumers was chosen from the study community, the searchers were used the questionnaire and the interview, SPSS statistical software was used, and after analyzing the data, the study showed that there is an effect of personal variables, gender, educational level, income in influencing the purchasing decision of the consumer, and there is also a relationship between the efficiency of the distribution channels and distributors in influencing the purchasing decision of the Algerian consumer, that was explained The effective role of the distribution channels contributed to raising consumer confidence and thus influencing its purchasing decisions.
Contribution/ Originality
This study contributes to existing literature by determining the effect of the distribution component and its channels on the purchasing decision of the Algerian consumer towards the Milk factory production in Bechar City, the south of Algeria.

Exchange Rate Fluctuations and the Performance of Nairobi Securities Exchange Market in Kenya During the Coronavirus Pandemic

Pages: 1-9
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Exchange Rate Fluctuations and the Performance of Nairobi Securities Exchange Market in Kenya During the Coronavirus Pandemic

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DOI: 10.18488/journal.62.2021.81.1.9

Loice Koskei

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Loice Koskei (2021). Exchange Rate Fluctuations and the Performance of Nairobi Securities Exchange Market in Kenya During the Coronavirus Pandemic. International Journal of Business, Economics and Management, 8(1): 1-9. DOI: 10.18488/journal.62.2021.81.1.9
The global financial and economic shocks which were triggered by the Coronavirus pandemic prompted a market halt causing a major spark in the Nairobi Securities exchange that resulted in panic selling. The Corona virus pandemic led to volatility of exchange rates causing a sharp depreciation of the shilling which further affected the performance of the securities market. The study investigated the effect of exchange rate fluctuations on the performance of the Nairobi securities exchange for the 5 months period of the year 2020. Daily time series data collected from Nairobi Securities exchange, Central bank of Kenya and Kenya National Bureau of Statistics for the period January to May 2020 was used. The multiple regression model results pointed out that exchange rate fluctuation had a negative and statistically insignificant effect on the performance of Nairobi securities exchange in Kenya during the Coronavirus period. The results implied that exchange rate fluctuations do not affect the performance of Nairobi securities exchange market in Kenya as measured by NASI. Inflation rate results had a positive and statistically significant effect with NASI. The results implied that inflation rate affect the performance of Nairobi securities exchange market as measured by NASI. 91-day treasury bills rate had negative but statistically significant effect on NASI implying that a decrease in 91- day Treasury bill rate enhances the performance of Nairobi securities exchange as measured by NASI. Investors need to be conscious of the macroeconomic variables that influence the security prices particularly during pandemics like the Coronavirus.
Contribution/ Originality
This study is one of very few studies which have used daily data to investigate the effect of exchange rate fluctuations on the performance of Nairobi Securities Exchange market in Kenya during the Coronavirus Pandemic.