The Effect of Psychology on Economic Change

Eny Lestari Widarni; Rahma Febiyana; Suryaning Bawono

doi:10.32535/apjme.v5i2.1549

The Effect of Psychology on Economic Change

Eny Lestari Widarni, Rahma Febiyana, Suryaning Bawono

Abstract

The aim of this study is to investigate existing research ideas about the factors that contribute to positive psychology and their influence on economic transformation. We use Content Analysis to compile scientific papers from Emerald, Science Direct, Sciendo, and Korean science, as well as books produced by psychology and economics professionals. Adaptation, empowerment of human resources, a sense of hope, optimism, and fortitude are considered psychological assets that can be taken by workers when facing problems or obstacles in the workplace. Psychology also affects the economy of workers. In carrying out economic development, in this century there is a method called Information Economy. Information Communication Technology is driving this change process. The information economy emphasizes the importance of technological capital in humans. Changes in the Information Economy are largely determined by political influences (interests of state regulators) and financial factors (availability of the required volume of financial resources). The information economy can strike a balance in four main directions: The balance of infrastructure and its readiness for use in society and its impact on business; state regulation and market self-management; existing and new information; and external exchange of information. In building a balanced information economy, there are several obstacles, one of which is a resource deficit.

Full Text:

PDF

References

Bengtsson, M. (2016). How to plan and perform a qualitative study using content analysis. Nursing Plus Open, 2 (1), 8-19. https://doi.org/10.1016/j.npls.2016.01.001.

Emmett, RB, Biddle, JE, Emmett, RB (2012). Psychology, Scientific Control, Chicago, and the Impact of European Ã©migrÃ©s. Research in the History of Economic Thought and Methodology: A Research Annual Bingley: Emerald Group Publishing Limited. https://doi.org/10.1108/S0743-4154(2012)000030A014 .

Max, S., Ballereau, V. (2013). Theorizing about gender and entrepreneurship: bridging the gap with social psychology. International Journal of Gender and Entrepreneurship, 5(1), 97-110. https://doi.org/10.1108/17566261311305238 .

Moulton-Perkins, A., Wressle, A., Grey, N., Sired, R. (2019). Evaluation of a psychology graduate internship program. The Journal of Mental Health Training, Education and Practice, 14(6), 423-435. https://doi.org/10.1108/JMHTEP-04-2019-0025 .

Gredecki, N., Turner, P. (2009). Positive psychology and forensic clients: applications to relapse prevention in offending behavior interventions. The British Journal of Forensic Practice, 11(4), 50-59. https://doi.org/10.1108/14636646200900028 .

Sukhodolov, AP, Popkova, EG , Litvinova, TN (2018), "Basic Characteristics of Information Economy. Models of Modern Information Economy, Bingley: Emerald Publishing Limited. https://doi.org/10.1108/978-1-78756- 287-520181003 .

Galvin, J., Smith, AP (2017). It's like being in a little psychological pressure cooker sometimes! A qualitative study of stress and coping in pre-qualification clinical psychology. The Journal of Mental Health Training, Education and Practice, 12(3), 134-149. https://doi.org/10.1108/JMHTEP-05-2015-0020 .

Brady, LL, CredÃ©, M., Sotola, L., Tynan, M., PerrewÃ©, PL and Harms, PD (2019). A Meta-Analysis on Positive Psychology Correlates of Sales Performance. Examining the Role of Well-being in the Marketing Discipline Bingley: Emerald Publishing Limited. https://doi.org/10.1108/S1479-355520190000017005 .

Hozak, K., Olsen, EO (2015). Lean psychology and the theories of â€œThinking, Fast and Slowâ€. International Journal of Lean Six Sigma, 6(3), 206-225. https://doi.org/10.1108/IJLSS-10-2014-0030 .

Sukhodolov, AP, Popkova, EG, Litvinova, TN, (2018). The Notion and Essence of Information Economy. Models of Modern Information Economy, Bingley: Emerald Publishing Limited. https://doi.org/10.1108/978-1-78756-287-520181002 .

Gashenko, IV, Bogataya, IN, Orobinskaya, IV, Zima, YS, Sukhodolov, AP, Popkova, EG and Litvinova, TN (2018). The Essence and Peculiarities of Implementing the Optimal Scenario of Digital Economy Development in Modern Russia. Models of Modern Information Economy, Bingley: Emerald Publishing Limited. https://doi.org/10.1108/978-1-78756-287-520181032 .

Ilyina, LA, Babordina, OA, Garanina, MP, Tikhonov, VS, Sukhodolov, AP, Popkova, EG, Litvinova, TN (2018). Perspectives of the Information Economy's Formation in Modern Russia. Models of Modern Information Economy, Bingley: Emerald Publishing Limited. https://doi.org/10.1108/978-1-78756-287-520181030 .

Kuznetsova, KV, Klochkova, EN, Lukyanchikova, TL, Shmarkov, MS, Sukhodolov, AP, Popkova, EG, Litvinova, TN (2018). Basic Characteristics of Information Economy: Theoretical Features and Analytical Aspects. Models of Modern Information Economy, Bingley: Emerald Publishing Limited. https://doi.org/10.1108/978-1-78756-287-520181004 .

Gornostaeva, ZV, Sukhodolov, AP, Popkova, EG, Litvinova, TN (2018). Entrepreneurship's Potential in Economy's Informatization. Models of Modern Information Economy, Bingley: Emerald Publishing Limited. https://doi.org/10.1108/978-1-78756-287-520181015 .

Sukhodolov, AP, Popkova, EG, Litvinova, TN (2018). Information Economy in Asian Countries. Models of Modern Information Economy, Bingley: Emerald Publishing Limited https://doi.org/10.1108/978-1-78756-287-520181006 .

Bogoviz, AV, Osipov, VS, Zeldner, AG, Rozhkova, NK, Titova, OV, Sukhodolov, AP, Popkova, EG, Litvinova, TN, (2018). Stages of Development of Information Economy in Modern Russia. Models of Modern Information Economy, Bingley: Emerald Publishing Limited. https://doi.org/10.1108/978-1-78756-287-520181013 .

Bogoviz, AV, Ragulina, YV, Tkachenko, TV, Agapova, TN, Saykinov, VE, Sukhodolov, AP, Popkova, EG and Litvinova, TN (2018). The Role and Value of Information in the Economic System: Opposition of Post-industrial and Information Economy. Models of Modern Information Economy, Bingley: Emerald Publishing Limited, https://doi.org/10.1108/978-1-78756-287-520181035 .

Bogoviz, AV, Mishchenko, OA, Bychkova, SG, Bogdanova, MV, Kolomoets, EN Sukhodolov, AP, Popkova, EG, Litvinova, TN (2018). The European Experience of Information Economy's Formation. Models of Modern Information Economy, Emerald Publishing Limited, Bingley, pp. 57-66. https://doi.org/10.1108/978-1-78756-287-520181007 .

Widarni, EL, Bawono, S. (2021). Human Capital, Technology, and Economic Growth: A Case Study of Indonesia. Journal of Asian Finance, Economics and Business, 8(5), 25-35. https://ssrn.com/abstract=3900227.

DOI: https://doi.org/10.32535/apjme.v5i2.1549