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All Journal Jurnal Ekonomi, Bisnis dan Kewirausahaan (JEBIK) Jurnal Ekonomi Modernisasi Jurnal Akuntansi Multiparadigma Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan JIET (Jurnal Ilmu Ekonomi Terapan) JDE (Journal of Developing Economies) Jurnal Administrasi dan Manajemen Pendidikan JAMP : Jurnal Administrasi dan Manajemen Pendidikan Airlangga Development Journal Jurnal Ekonomi Indonesia Reflection Journal Jurnal Ilmiah MEA (Manajemen, Ekonomi, dan Akuntansi) Jurnal REP (Riset Ekonomi Pembangunan) Central Community Development Journal
Purwono, Rudi
Unknown Affiliation
Humanities Civil Engineering, Building, Construction & Architecture Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Public Health Social Sciences Other

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Journal : JDE (Journal of Developing Economies)

 1 
Property Price Bubble: Regional Analysis in Indonesia Kurniawan, Indra; Purwono, Rudi
Journal of Developing Economies Vol. 2 No. 1 (2017)
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (851.403 KB) | DOI: 10.20473/jde.v2i1.5707

Abstract

The aim of this study is to look at the influence of fundamental factors of demand and supply side of the property prices in five major cities in Indonesia using data panel regression methods. In addition, this study analyzes the regional property and the price bubble in Indonesia using the Hodrick Prescott filter analysis. The results of the panel data regression method Showed that the demand-side fundamentals such as economic growth and inflation have a positive effect on property prices as well as interest rate, while the loan to value(LTV) Negatively Affect the price of the property. On the other hand, the fundamental factors of supply-side variable, that is developer's price expectations impact positively the price of the property. HP filter analysis identifying the bubble in every city that lasted for two periods during the study. Keywords: Property Price, Property Price Bubble, Fundamental Factors, Hp Filter JEL: D23, R21, R31
Does Switching Cost Affect Dual Rural Banks Market Power? Fajri, Moh Najikhul; Purwono, Rudi
Journal of Developing Economies Vol. 7 No. 2 (2022)
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jde.v7i2.36547

Abstract

This study aims to review the effect of switching costs on rural bank market power. This study is using dynamic panel regression of the Generalized Method of Moments (GMM). This paper used panels of 1266 rural banks and 113 Sharia Rural banks from 2013 to 2019. To further analyze this study using Lerner Index as proxies of market power, Bertrand Competitions models as proxies of switching costs, and banking indicators covering bank size, equity, non-interest income, and the burden of allowance for productive assets (Lost Loans Provision). The results show that switching costs have a significant positive effect on the conventional rural bank and negatively affect sharia rural bank's market power. This condition is caused by various reasons, namely the limited choice of rural banks so that consumers survive the switching costs charged. Meanwhile, in sharia rural bank transparency is clearly seen on the side of mudharobah and musyarakah which makes it unable to increase financing margins freely.
Debt And Happiness: A Generalized Order Logit Analysis Purwanto, Edy; Purwono, Rudi; Sukartini, Ni Made
Journal of Developing Economies Vol. 10 No. 2 (2025)
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jde.v10i2.70785

Abstract

Objective: Financial literacy can influence borrowing attitudes and behaviors. Low financial literacy among Indonesians may impair debt manageability and lead to psychological distress. This empirical research aimed to analyze the effects of debt on happiness in Indonesia. Methods: This study used cross-sectional data from the 2007 Indonesia Family Life Survey (IFLS). Happiness was measured on a four-point ordinal scale, namely very unhappy (1), unhappy (2), happy (3), and very happy (4). Given the nature of the dependent variable, a generalized ordered logit model was applied to estimate the relationship between debt and happiness. This approach is well-suited to address the study objective by capturing varying effects across different levels of happiness. Findings: Results showed a significant negative relationship between debt and happiness (coefficient = -0.145, p < 0.01). The marginal effect indicated that debt reduced the likelihood of being happy and very happy by -0.20% and -0.83%, respectively. Depression had the strongest negative impact (-5.67%), while marriage (4.03%), household economic adequacy (3.40%), health care (2.31%), and physical health (1.99%) were the positive contributors. Originality/Value: This study contributed to the limited research examining the link between debt and well-being in developing economies, focusing on Indonesia’s socioeconomic and cultural context. Practical/Policy implication: Financial literacy needs to be enhanced to improve borrowing decisions and debt management among Indonesians. Strengthening financial education programs and regulating non-formal lenders are essential to prevent exploitative lending practices. Moreover, integrating debt awareness into mental health programs and disseminating information through mass and social media can help mitigate the psychological impact of debt.
Co-Authors Aisyah, Rr. Herini Banase, Marianus Antonius Deo Datus Chrisnahutama, Adrian Dewi, Karina Puspa Dyatmika, Sutama Wisnu Edy Purwanto ERNY ROESMININGSIH evendi, evendi Fajri, Moh Najikhul Fendy Suhariadi Hariyono Hariyono Hendriyanto, Feri Indra Kurniawan Kartikawati, Anis Kasmono, Ardi Khan, Muhammad Arsalan Mahfuzhatul Ashudi, Maulida Mateen, Abdul Mayangsari, Agni Shanti Mohammad Fakhruddin Mudzakkir, Mohammad Fakhruddin Mustika, Lely Ni Made Sukartini Nur Hamzah, Ibnu Nuri Herachwati Palupi, Dyah Ayu Paramboor, Jafar Paraswati, Ajeng Dyah Perwira, Putri Sari, Dyah Wulan Shelly Andari Siringoringo, Maris Verawati Sri Pantja Madyawati, Sri Sri Pantja Madyawati, Sri Pantja Supriyadi Supriyadi Taresh A., Abdulrahman Tedyono, Rico TRIHANTOYO, SYUNU Wahyu Eko Pujianto Yasin, Mohammad Zeqi