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Impacts of Capital Formation, Labor, Human Development, and Tourism on Economic Growth in Yogyakarta Province Setiyani, Zulaekha; Panjawa, Jihad Lukis; Prakoso, Jalu Aji; Septiani, Yustirania
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.v10i2.74812

Abstract

Objective: This study investigates the determinants of regional economic growth in the Special Region of Yogyakarta, focusing on five districts and cities during the period 2011–2024. The research addresses the problem of persistent interdistrict disparities despite Yogyakarta’s consistently higher economic growth than the national average. The main objective is to identify the key factors influencing regional growth and to assess their relative contributions within a tourism-driven economy. This empirical research is relevant to the broader macroeconomic context of regional development and income distribution. Methods: An empirical analysis using static panel data regression with a Fixed Effect Model (FEM) is employed. The dataset covers annual observations from 2011 to 2024 for five administrative areas. Variables include Gross Fixed Capital Formation (GFCF), the Human Development Index (HDI), labor force participation, and tourism income. The FEM method effectively controls for regional and temporal heterogeneity, yielding robust estimates of growth determinants. Findings: Empirical results reveal that GFCF, HDI, and tourism income have significant, positive effects on regional economic growth, underscoring the importance of investment, human capital, and tourism as primary drivers of growth. Conversely, the labor force variable shows no statistically significant impact. These findings underscore the distinct structure of Yogyakarta’s economy, where capital formation and tourism-based income play a more dominant role than labor quantity in driving growth. Originality/Value: This study enriches existing literature by reassessing growth determinants using updated data and emphasizing Yogyakarta’s tourism-based regional economy. It fills gaps in prior studies marked by mixed findings and limited tourism-focused analyses, offering new empirical insights into the tourism growth nexus at the subnational level. Policy Implication: Findings suggest that local governments should strengthen investment, human capital, and tourism development to achieve inclusive and sustainable growth. Policy efforts focusing on infrastructure, education, and tourism promotion are essential to reducing interdistrict disparities and fostering balanced regional development.  
PENGARUH INDEKS PEMBANGUNAN MANUSIA, TINGKAT PENGANGGURAN TERBUKA, DAN LAJU PERTUMBUHAN PENDUDUK PADA PERSENTASE PENDUDUK MISKIN DI PULAU JAWA TAHUN 2017–2023 Prayogi, Arif; Anandira, Luna Mayang; Sipayung, Ade Sulastri; Septiani, Yustirania; Mukharohmah, Maulia Siti
IDEI: Jurnal Ekonomi & Bisnis Vol 6, No 2 (2025): DECEMBER 2025
Publisher : Insan Doktor Ekonomi Indonesia (IDEI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38076/ideijeb.v6i2.438

Abstract

Kemiskinan masih menjadi isu utama dalam pembangunan ekonomi di Pulau Jawa yang meskipun menjadi pusat pertumbuhan nasional, tetap menghadapi ketimpangan ke­sejah­­teraan antardaerah. Penelitian ini bertujuan untuk menganalisis pengaruh Indeks Pem­bangunan Manusia (IPM), Tingkat Pengangguran Terbuka (TPT), dan Laju Pertumbuhan Penduduk (LPP) pada persentase penuduk miskin di Pulau Jawa selama periode 2017 hingga 2023 dengan menggunakan metode regresi data panel dan pendekatan kuantitatif melalui model Fixed Effect Model (FEM). Penelitian menunjukkan bahwa IPM dan LPP berpengaruh negatif signifikan pada kemiskinan, sedangkan TPT berpengaruh positif signifikan. Hal ini menandakan bahwa peningkatan kualitas hidup dan produktivitas penduduk menurunkan kemiskinan, sementara pengangguran meningkatkan kemiskinan.Poverty remained a significant issue in Java's economic development, despite the island being the center of national growth, which continued to face disparities in regional welfare. This study aimed to analyze the effects of the Human Development Index (HDI), Open Unemployment Rate (OUR), and Population Growth Rate (PGR) on the percentage of poor population in Java Island during the period of 2017 to 2023 by employing a panel data regression method and a quantitative approach using the Fixed Effect Model (FEM). The study revealed that the Human Development Index (HDI) and Population Growth Rate (PGR) had a significant negative impact on poverty. In contrast, the Open Unemployment Rate (OUR) had a significant positive effect. This indicated that improvements in quality of life and population productivity reduced poverty, whereas higher unemployment increased it.
ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI KEMISKINAN PROVINSI JAWA TIMUR : PENDEKATAN ERROR CORRECTION MODEL Zahrotussolichah, Sinta; Septiani, Yustirania
TRANSEKONOMIKA: AKUNTANSI, BISNIS DAN KEUANGAN Vol. 2 No. 6 (2022): November 2022
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/transekonomika.v2i6.280

Abstract

This study aims to analyze the factors that influence poverty in East Java Province. This data analysis utilizes the ECM (Error Correction Model) method to see the effect of long-term and short-term prospects with the Eviews 10 application. This observation uses secondary data in the form of time series data published by BPS in 2000 – 2021. The results reveal that the education level variable has an influence positive and significant for poverty both in the long-term and short-term prospects, the open unemployment rate variable has a positive and significant effect on poverty in the long and short term, and the minimum wage variable has a negative and significant effect on the long-term prospects on the other hand in the long-term prospects short has no significant effect on poverty.
ANALISIS PENGARUH VARIABEL MONETER TERHADAP PERTUMBUHAN EKONOMI DI INDONESIA Puspitasari, Emayli Rosdwiati; Septiani, Yustirania
TRANSEKONOMIKA: AKUNTANSI, BISNIS DAN KEUANGAN Vol. 2 No. 6 (2022): November 2022
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/transekonomika.v2i6.297

Abstract

The purpose of the analysis in this study is to determine the effect of the relationship between inflation, foreign exchange rates, and the money supply (M1) on economic growth in Indonesia. The model used is ARDL-ECM (Autoregressive Distributed Lag-Error Correction Modelm with time series data as many as 30 objects studied, starting from 1991 to 2020. In the use of data from the World Bank, one data from the Indonesian Ministry of Trade, and other sources. This study concludes that the inflation variable in the long term has a positive effect and is related to economic growth. The exchange rate variable gives the result that in the long term and short term it has a negative effect and is not related to economic growth. Finally, the M1 variable in the long-term model produces a positive influence and is related to economic growth, then in the short term it has a negative influence and is not related to economic growth in Indonesia.