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p-Index From 2021 - 2026
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This Author published in this journals
All Journal JDE (Journal of Developing Economies) The Journal of Indonesia Sustainable Development Planning (JISDeP)
Jean-Claude Maswana
Graduate School of Economics, Ritsumeikan University, Shiga, Japan
Economics, Econometrics & Finance Energy Environmental Science Law, Crime, Criminology & Criminal Justice Social Sciences

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The Role of the Secondary Sector in Poverty Alleviation in Indonesia Nurfika; Jean-Claude Maswana
The Journal of Indonesia Sustainable Development Planning Vol 2 No 2 (2021): August 2021
Publisher : Pusbindiklatren Bappenas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46456/jisdep.v2i2.113

Abstract

The relationship between economic growth and poverty reduction, although well established, is heterogeneous. The heterogeneity stems not only from socio-economic factors but also from the structure of output growth. In Indonesia, the secondary sector seems to be less poverty-reducing than other sectors. This study examines the impact of sectoral growth on poverty in Indonesia, with particular attention to the disaggregated secondary sector, and also analyzes the relative sensitivities of poverty reduction to the labor-intensive and non-labor-intensive sectors. The empirical analysis uses provincial panel data on Indonesia for the period 2003–2018 and employs the pooled OLS method. The results show that sectoral growth has little effect on improving the condition of the poor in Indonesia. Nevertheless, this conclusion has a high potential to be inappropriate. Perhaps a better conclusion on the linkage between sectoral growth and poverty can be drawn if the characteristics of mining-driven and nonmining-driven provinces in Indonesia are taken into account. In nonmining-driven provinces, the secondary sector pales in comparison to services in alleviating poverty. Six-sector disaggregation of the economy (with or without controlling for the distributional effect through labor intensity) reveals that, within the secondary sector, the subsectors that significantly reduce poverty in nonmining-driven provinces are mining and construction. Mining-driven provinces, however, do not display a linkage between sectoral growth and poverty. The significant role of labor intensity in determining whether sectoral growth is pro-poor suggests that adopting policies that lean toward discouraging businesses from employing labor is inadvisable.
Does Financial Development Benefit All? Insights from Indonesian Provincial Economies Edi Nur Alamsyah; Jean-Claude Maswana
Journal of Developing Economies Vol. 11 No. 1 (2026)
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jde.v11i1.67575

Abstract

Objective: This study explores whether financial development benefits all regions equally by analyzing how the financial system influences economic growth across Indonesian provinces and examining the heterogeneity of this relationship across low- and high-income regions. Design/Methods/Approach: The study extends the Mankiw–Romer–Weil (MRW) growth framework by incorporating dynamic indicators of financial intermediation. Using a provincial panel dataset spanning 2010–2022, the analysis employs a two-step system GMM estimator to address potential endogeneity and capture growth persistence. Findings: Both real credit and deposit growth significantly enhance provincial economic performance; however, the benefits are unevenly distributed. The impact is markedly stronger in high-income provinces, where more advanced financial infrastructure amplifies the growth-enhancing role of finance. The findings remain robust across a range of sensitivity tests. Originality/Value: The study contributes novel subnational evidence on the finance–growth nexus within an emerging economy context. By introducing dynamic proxies of financial development within an extended MRW framework and explicitly accounting for regional income disparities, this study deepens the understanding of how financial systems shape uneven growth trajectories across provinces. Practical/Policy implication: The results underscore the need for region-specific financial policies. While high-income provinces would benefit from further market deepening and financial innovation, low-income regions require targeted interventions to enhance financial inclusion, literacy, and infrastructure, thereby fostering more inclusive and balanced economic development.
Co-Authors Edi Nur Alamsyah Nurfika