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All Journal Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Journal of Management, Accounting, General Finance and International Economic Issues (MARGINAL)
Jihad Lukis Panjawa
Faculty of Economics, Universitas Tidar
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Environmental Science Social Sciences

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Spatial Redistributions of Regional Economic Activity in Central Java (Direct Error Correction Model Causality Approach) Jihad Lukis Panjawa; Bhimo Rizky Samudro
Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 21, No 1 (2020): JEP 2020
Publisher : Muhammadiyah University Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jep.v21i1.9587

Abstract

This study analyzes spatial inequality through a causal relationship between inequality and economic growth within-recidency, between-recidency and overall in Central Java.The analytical tool used is the Direct Error Correction Model causality. This study shows that spatial concentrations throughout the observation period are quite high. In the 2001-2008 period there was an increasing tendency for spatialconcentration, reflecting the decline in the distribution of the Gross Regional Domestic Product (GRDP) share of districts and cities in Central Java. We also obtained similar findings in a number of regions both within and between-recidency. Post-2008, spatial concentration tends to decrease, indicating the distribution of the Gross Regional Domestic Product share. Other findings indicate a one-way relationship shown economic growth towards inequality. Another important contribution is that economic growth in inequality only occurs in the long term. Thus there has been convergence because of the increase ineconomic growth which is able to reduce inequality in all areas of Central Java, including within and between-recidency. This proves that during the implementation of regional autonomy there is a spread effect greater than the backwash effect in Central Java, including within and between-recidency.
Tourism Villages for Micro and Small Enterprises Labor Absorption Rr Retno Sugiharti; Jihad Lukis Panjawa; Queen Pamela; Muhammad Arif Kurniawan; Danur Condro Guritno
Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 24, No 2 (2023): JEP 2023
Publisher : Muhammadiyah University Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jep.v24i2.18419

Abstract

Micro, Small, and Medium Enterprises (MSMEs) are the most important pillars of Indonesia’s economy. It has considerable contribution in providing employment in the informal sector. However, the high absorption of labor accompanied by the increased number in MSMEs in Indonesia cannot be separated from the existing challenges. This study aims to analyze the determinants of employment in the Micro and Small Enterprises sector (MSEs). MSEs actors in the tourism village area, Patuk sub-district, Gunungkidul, Yogyakarta. This research is focused on the role of the type of business and the status of the tourism village. The analytical tool used is the robust ordinary Least Square (OLS) method. The results showed that turnover and length of business had a real impact on increasing the absorption of MSEs workers according to the type of business and the status of the tourism village. Other findings show that Micro and Small handicraft businesses showed the highest employment absorption in tourism village with developed status, followed by businesses in the service, processed food, and trade sectors. The same results are also shown in the status of developing tourist villages. The potential of tourist villages with the advantages of the business sector has a real impact on increasing employment. Therefore, policymakers need to formulate strategies for the development of tourist villages to improve the welfare of local communities.
THE EFFECT OF FINANCIAL DEEPENING, FOREIGN DIRECT INVESTMENT, AND INTEREST RATES ON ECONOMIC GROWTH IN INDONESIA Diana Hafi Zahri Putri; Jihad Lukis Panjawa
JOURNAL OF MANAGEMENT, ACCOUNTING, GENERAL FINANCE AND INTERNATIONAL ECONOMIC ISSUES Vol. 2 No. 1 (2022): DECEMBER
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/marginal.v2i1.434

Abstract

Economic growth determines the extent to which the activities of the economy are able to manifest additional income and sustainable economic development. Therefore, it cannot be separated from the existence of the financial sector, foreign direct investment, and interest rates for the economy. This study aims to determine the effect of financial deepening, foreign direct investment, and interest rates on economic growth in Indonesia in 1988-2020. Empirically, this study uses time series data with the Error Correction Model Engle-Granger (ECM-EG) method. The results show that financial deepening, FDI, and interest rates have a significant effect on economic growth. The variables of FDI and interest rates have a positive and significant effect on economic growth, while financial deepening has a negative and significant effect on economic growth. Likewise, national economic policies must be directed at maintaining overall economic activity and achieving sustainable growth.
Co-Authors Bhimo Rizky Samudro Danur Condro Guritno Diana Hafi Zahri Putri Muhammad Arif Kurniawan Queen Pamela Rr Retno Sugiharti