Mapping the future of the economy: Synergy of EBT investment, human resource development, and fintech innovation

Cecilia, Putri Engellina, Zahro, Amellia and Budianto, Eka Wahyu Hestya ORCID: https://orcid.org/0000-0002-4199-2865 (2024) Mapping the future of the economy: Synergy of EBT investment, human resource development, and fintech innovation. Formosa Journal of Sustainable Research (FJSR), 3 (9). pp. 1997-2010. ISSN 2830-6228

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Abstract

This study analyzes the influence of renewable energy investment, Human Development Index (HDI), and fintech lending on Indonesia's economic growth in the context of a green economy. Using quantitative methods with multiple linear regression, this study processes time series data from 2018 to 2022 through Eviews. The results show that renewable energy investment and HDI have a significant positive effect on economic growth, while fintech lending has a significant negative effect. Renewable energy investment encourages employment and innovation, while increasing HDI increases productivity. Fintech lending causes problems such as high default rates, especially in lower-middle-class communities. The model explains 93.8496% of the variation in economic growth. These findings emphasize the importance of holistic development policies and appropriate regulations for financial innovation in supporting Indonesia's green economic growth

Item Type:	Journal Article
Keywords:	Green Economy; Economic Growth; Renewable Energy; Human Development Index; Fintech Lending
Subjects:	14 ECONOMICS > 1402 Applied Economics > 140207 Financial Economics
Divisions:	Faculty of Economics > Department of Islamic Banking
Depositing User:	Eka Wahyu Hestya Budianto
Date Deposited:	25 Nov 2024 10:40

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