M. Shabri Abd. Majid
Syiah Kuala University, Banda Aceh, Indonesia

Published : 37 Documents
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MENUJU PENDIDIKAN ACEH YANG BERBASIS ENTREPRENEURSHIP Majid, M. Shabri A.
Jurnal Pencerahan Vol 9, No 1 (2015): Maret 2015
Publisher : Majelis Pendidikan Daerah (MPD) Aceh dan Universitas Syiah Kuala

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Abstract

This article is aimed at discussing descriptively the important role of educational institution in Aceh in producing the entrepreneurial-minded graduates. Limitations of jobs available for graduates of educational institutions, especially in Aceh require educational institutions to be able to produce the graduates who can create employment opportunities, rather than seize the existing jobs offered by the government and private agencies. A formal and an informal entrepreneurship-based education are believed to be able to offer alternative solutions to create job oppotunities, and in turns will solve economic problems of Aceh by boosting economic growth and enhancing welfare of the people of Aceh. In order to create the entrepreneurship education become more effective and be able to produce young entrepreneurs in Aceh, the educational institutions there should reformulate curriculum-based entrepreneurship, enhance the cooperation and partnerships with the private sector, and attract more supports from the government and public sector. The quality, skills, and experiances of the entrepreneurial teachers/tutors must also be countiously improved
Time-Varying Integration Among Asean-5 Economies H. Kassim, Salina; Shabri Abd. Majid, M.
Aceh International Journal of Social Science Volume 1 Number 1, June 2012
Publisher : Aceh International Journal of Social Science

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12345/aijss.1.1.1522

Abstract

Abstract - This study explores the economic integration among the ASEAN-5 economies over two sample periods; the pre-crisis period (1990 to 1996) and post-crisis period (2000 to 2006). Using the output-price approach, it attempts to determine if the nature of integration among these economies has changed due to the Asian financial crisis in 1997. In methodology, the study adopts the Autoregressive Distributed Lag (ARDL) approach and Vector Error Correction Model (VECM). The results show that the crisis has a deep imprint on the degree of economic integration among these countries. The results provide important inputs for macroeconomic policy formulation at the regional level.
A Comparative Analysis of the Productivity of Islamic and Conventional Mutual Funds in Indonesia: Data Envelopment Analysis (DEA) and General Least Square (GLS) Approaches Abd. Majid, M. Shabri; Maulana, Hartomi
Gadjah Mada International Journal of Business Vol 14, No 2 (2012): May - August
Publisher : Master in Management, Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (296.335 KB) | DOI: 10.22146/gamaijb.5439

Abstract

This paper is an extended version of our earlier study (Abd. Majid and Maulana 2010) to further re-examine the relative efficiencies of selected Islamic and conventional mutual funds companies in Indonesia during the period 2004 to 2007 and their determinants. To measure their efficiencies, the output-input data consisting of a panel of conventional and Islamic mutual funds companies are empirically examined based on the most commonly used non-parametric approach, namely, Data Envelopment Analysis (DEA). It also attempts to investigate the influence of the mutual funds companies’ characteristicson efficiency measures using the Generalized Least Square (GLS) estimation. The study finds that, on average, the Indonesian mutual funds companies experienced a decrease in Total Factor Productivity (TFP) growth. It is mainly caused by a decline in both efficiency and technical efficiencies, where the efficiency change is largely contributed by the changes in pure efficiency rather than scale efficiency. Additionally, the study also documents that the funds size negatively affects efficiency. This indicates that due to its diseconomies of scale, a larger mutual funds company is less efficient than a smaller funds company. Finally, in comparing the efficiency of the mutual funds companies, the study finds that, on average, the Islamic unit trust companies perform more poorly than their conventionalcounterparts.
OPTIMALISASI KONTRIBUSI PERGURUAN TINGGI DALAM MEMBERANTAS KORUPSI DI ACEH Majid, M. Shabri Abd.
Jurnal Pencerahan Vol 7, No 1 (2013): Maret 2013
Publisher : Majelis Pendidikan Daerah (MPD) Aceh dan Universitas Syiah Kuala

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Abstract

Aceh is known as the most religious province in Indonesia, which has been granted by the central government, Jakarta to implement Islamic law in regulating the state affairs. Ironically, the province has been ranked as the third corrupted province in Indonesia. This study analyse descriptively the role of the higher education institutions in combating the corruption in Aceh. The efforts to empower the universities in combating the corruption were proposed in the study. The universities are supposed not only to transfer knowledge but it also to transfer the values. The universities should educate student to become a good citizen, intellectually and spiritually. The values, norms, and Islamic ethics should be inculcated into the students during the studying and learning process at the universities. The content of the curricula needs to be developed, inculcating these Islamic values, i.e., amanah (trustworthy), honesty, responsibility, ikhlas (sincerity), ihsan (benevolent), ‘adil (just), and teaching for the sake of Allah. It is strongly believed that by inculcating Islamic principles and values into the students’ mind, the university graduates will be able to free themselves from any corrupted activities and even they emerge as the heroes who readily stand in forefront to combatcorruption in Aceh.
ANALISIS TINGKAT PENDIDIKAN DAN KEMISKINAN DI ACEH Majid, M Shabri Abd
Jurnal Pencerahan Vol 8, No 1 (2014): Maret 2014
Publisher : Majelis Pendidikan Daerah (MPD) Aceh dan Universitas Syiah Kuala

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Abstract

Penelitian ini bertujuan untuk menganalisis tingkat pendidikan di Aceh dan kaitannya dengan tingkat kemiskinan dengan menggunakan pendekatan deskriptif dan kuantitatif sederhana. Hasil penelitian menunjukkan bahwa dibandingkan dengan tingkat pendidikan penduduk di 34 Provinsi lainnya di Indonesia, indikator tingkat pendidikan penduduk Aceh seperti APK, AMH, ARLS, dan APM sudah jauh lebih baik dan bahkan berada di atas level nasional. Indikator tingkat pendidikan mayoritas kabupaten/kota di Aceh sudah cukup baik, namun mutunya masih sangat memprihatinkan. Mutu pendidikan Aceh berada di atas rangking 25 dari 34 Provinsi di Indonesia, padahal dana yang dialokasikan untuk sektor ini menempati rangking ketiga terbesar di Indonesia. Pembangunan sektor pendidikan belum merata antar kabupaten/kota di Aceh. Rendahnya tingkat pendidikan di sebagian kabupaten/kota di Aceh, khususnya di kabupaten yang baru dimekarkan telah menyebabkan tingkat kemiskinan masyarakat di kawasan tersebut sangat tinggi, yaitu melebihi 20 persen (melebihi tingkat kemiskinan nasional, 14,44persen). Oleh karena itu, upaya untuk meningkatkan tingkat dan mutu pendidikan di Aceh harus dilakukan: (1) Pemerintah harus mengadakan program-program peningkatan kualifikasi dan mutu tenaga pendidik dan pendistribusian guru berkualitas antar kabupaten/kota yang lebih merata; (2) Pemerintah harus mengalokasikan dana pembangunan Aceh untuk sektor pendidikan secara berkeadilan antarkota/kabupaten di Aceh; dan (3) Pemerintah Aceh, khususnya Dinas Pendidikan harus meningkatkan efisiensi, profesionalisme dan transparansi pengelolaan dana pendidikan
A Comparative Analysis of the Productivity of Islamic and Conventional Mutual Funds in Indonesia: Data Envelopment Analysis (DEA) and General Least Square (GLS) Approaches Abd. Majid, M. Shabri; Maulana, Hartomi
Gadjah Mada International Journal of Business Vol 14, No 2 (2012): May - August
Publisher : Master of Management, Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (296.335 KB)

Abstract

This paper is an extended version of our earlier study (Abd. Majid and Maulana 2010) to further re-examine the relative efficiencies of selected Islamic and conventional mutual funds companies in Indonesia during the period 2004 to 2007 and their determinants. To measure their efficiencies, the output-input data consisting of a panel of conventional and Islamic mutual funds companies are empirically examined based on the most commonly used non-parametric approach, namely, Data Envelopment Analysis (DEA). It also attempts to investigate the influence of the mutual funds companies’ characteristicson efficiency measures using the Generalized Least Square (GLS) estimation. The study finds that, on average, the Indonesian mutual funds companies experienced a decrease in Total Factor Productivity (TFP) growth. It is mainly caused by a decline in both efficiency and technical efficiencies, where the efficiency change is largely contributed by the changes in pure efficiency rather than scale efficiency. Additionally, the study also documents that the funds size negatively affects efficiency. This indicates that due to its diseconomies of scale, a larger mutual funds company is less efficient than a smaller funds company. Finally, in comparing the efficiency of the mutual funds companies, the study finds that, on average, the Islamic unit trust companies perform more poorly than their conventionalcounterparts.
OUTPUT-PRICE DYNAMICS IN THE ASEAN-5 COUNTRIES: Evidence from The Pre- and Post-1997 Financial Turmoil Hj. Kassim, Salina; Abd. Majid, M. Shabri
Gadjah Mada International Journal of Business Vol 10, No 2 (2008): May - August
Publisher : Master of Management, Faculty of Economics and Business, Universitas Gadjah Mada

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Abstract

We analyze the cyclical behavior between outputs and prices in major ASEAN economies, namely Malaysia, Indonesia, Thailand, Singapore and the Philippines over two sample periods: the pre-crisis period (1990 to 1996) and the post-crisis period (2000 to 2006). Specifically, the study aims to shed the light on two issues: (i) the possibility that there is a change in the patterns of the correlations between real activities and prices in a particular country in the pre-crisis period compared to the post-crisis period; and (ii) the synchronization of real activity and price relationships or the business cycles across the major ASEAN countries. In order to analyze the output-price relationship across the countries and time periods, we adopt several tests including the Pearson correlation analysis, Auto-Regressive Distributed Lag (ARDL) model and Vector Error-Correction Model (VECM). The study documents that the output-price relationship has changed in several countries following the crisis in 1997/1998. While there is a clear business cycles synchronization between the ASEAN-5 countries in the short-run, results have been mixed in the long run. Results of this study contribute towards further enriching the policy recommendations to help ensuring the viability and effectiveness of the economic cooperation between the ASEAN nations.
Re-Examining the Finance-Growth Nexus: Empirical Evidence from Indonesia Abd. Majid, M. Shabri
Gadjah Mada International Journal of Business Vol 9, No 2 (2007): May - August
Publisher : Master of Management, Faculty of Economics and Business, Universitas Gadjah Mada

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Abstract

This paper empirically examines the short- and long-run relationships between financial development and economic growth during the post-1997 financial crisis in Indonesia by employing a battery of times-series techniques, such as Autoregressive Dis-tributed Lag (ARDL) model, vector error correction model (VECM), variance decompositions (VDCs), and impulse-response functions (IRFs). Based on the ARDL (2, 0, 1, 2) model, the study finds that there exists a long-run equilibrium between economic growth and financial depth, share of investment, and inflation. In the long run, inflation is found to be the only variable which significantly (negatively) affects economic growth, implying a crucial role of maintaining a low rate of inflation in promoting the economic growth in the country. As for the dynamic causalities among the variables, the study finds the bidirectional causation between economic growth and investment, while the unidirectional causation is only found running from financial depth to investment. The finding of independence between economic growth and financial development supports the view of “the independent hypothesis” of Lucas (1988). Finally, based on VDCs and IRFs, the study documents that the variations in the economic growth respond more to shocks in the price stability (inflation), followed by investment and financial development. Our findings indicate that if policy makers want to promote growth, attention should be focused on long-run policies, i.e., maintaining the low rate of inflation.
REAL STOCK RETURNS, INFLATIONARY TRENDS AND REAL ACTIVITY: Evidence from Malaysia Majid, M. Shabri Abdul
Gadjah Mada International Journal of Business Vol 4, No 3 (2002): September-December
Publisher : Master of Management, Faculty of Economics and Business, Universitas Gadjah Mada

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Abstract

This study explores the relationship between real stock returns and inflationary trends in the Malaysian economy. It attempts to test for the relationship between real stock return and inflation in light of Fisher hypothesis that asserts the independence of real stock return and inflation and Fama’s (1981) proxy effect framework which states that the negative real stock returns-inflation is indirectly explained by a negative real economic activity-inflation and a positive real stock returns-real economicactivity relationships. The finding shows that real stock returns are independent of inflationary trends in accordance with the Fisher hypothesis, which implies that the Malaysian stock market provides a good hedge against inflation. The Fama’s proxy hypothesis is then tested to check for the consistency of the relationships. The positive relationship between inflation and real economic activity and the positive relationship betweenreal stock returns and real economic activity that totally contradicts the Fama’s proxy hypothesis however are found, to some extent, be consistent with the explanation of conventional macroeconomic theories of the Philip’s curve.
REAL STOCK PRICES AND THE LONG-RUN MONEY DEMAND FUNCTION IN MALAYSIA: Evidence from Error Correction Model Abdullah, Naziruddin; Abd. Majid, M. Shabri
Gadjah Mada International Journal of Business Vol 6, No 2 (2004): May-August
Publisher : Master of Management, Faculty of Economics and Business, Universitas Gadjah Mada

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Abstract

This study adopts the error correction model to empirically investigate the role of real stock prices in the long run-money demand in the Malaysian financial or money market for the period 1977: Q1-1997: Q2. Specifically, an attempt is made to check whether the real narrow money (M1/P) is cointegrated with the selected variables like industrial production index (IPI), one-year T-Bill rates (TB12), and real stock prices (RSP). If a cointegration between the variables, i.e., the dependent and independent variables, is found to be the case, it may imply that there exists a long-run co-movement among these variables in the Malaysian money market. From the empirical results it is found that the cointegration between money demand and real stock prices (RSP) is positive, implying that in the long run there is a positive association between real stock prices (RSP) and demand for real narrow money (M1/P). The policy implication that can be extracted from this study is that an increase in stock prices is likely to necessitate an expansionary monetary policy to prevent nominal income or inflation target from undershooting.