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ESTIMASI INVESTASI DAN IMPLIKASINYA TERHADAP PERTUMBUHAN EKONOMI PROVINSI RIAU Ulinni’mah, Kusuma; Panjawa, Jihad Lukis; Sari Islami, Fitrah; Septiani, Yustirania
Bina Ekonomi Vol. 29 No. 2 (2025): Bina Ekonomi: Majalah Ilmiah Fakultas Ekonomi Universitas Katolik Parahyangan
Publisher : Center for Economic Studies Universitas Katolik Parahyangan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26593/03v6hn96

Abstract

Economic growth is closely related to investment. Economic growth in Riau Province is still relatively low with high and fluctuating investment. Although investment levels continue to increase, economic growth is not always commensurate. This shows the potential for inefficiency in the allocation and use of investment. This study aims to analyze the value of ICOR and its efficiency needed in 2024-2026 and the relationship between investment and economic growth in Riau province. The method used descriptive quantitative methodology with secondary data in the form of time series. The analytical tools used are Incremental Capital Output Ratio (ICOR) analysis and Vector Error Correction Model (VECM). From the research results, it was found that the average ICOR value of Riau is still high, which is more than 3-4, indicating that investment in Riau Province is still not efficient. Investment needs in 2024-2026 have increased along with the amount of economic growth targets that have increased. The long-term causal relationship between investment and economic growth in Riau Province only goes in one direction, namely investment towards economic growth and not vice versa. Inefficient investment is related to Riau’s poor infrastructure in the region.
Analisis pengaruh indeks saham asing terhadap indeks harga saham gabungan dengan pendekatan Error Correction Model Nuraeni, Risky; Panjawa, Jihad Lukis
Journal of Economics Research and Policy Studies Vol. 1 No. 1 (2021): Journal of Economics Research and Policy Studies
Publisher : Nur Science Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (486.815 KB) | DOI: 10.53088/jerps.v1i1.37

Abstract

The Composite Stock Price Index (IHSG) is a composite index of many shares listed on the stock exchange and their movements show conditions that occur in the capital market. JCI is confident of macroeconomic factors and foreign exchange indexes. The purpose of this study was to analyze the effect of the Dow Jones Index, the Straits Time Index, the Hang Seng Index, the Nikkei 225 Index, and the FTSE 100 Index on the composite price index. The research method used is the Error Correction Model (ECM). In the short term, the DJIA and FTSE 100 variables have a positive effect on the JCI, the STI and Hang Seng variables have no significant on the JCI, while the Nikkei 225 has a negative effect on the JCI. In the long term, the DJIA and STI variables have a positive effect on the IHSG, the JSI and FTSE 100 variables have no effect on the IHSG, while the Nikkei 225 variable has a negative effect on the JCI.
Determinan jumlah penduduk miskin di Barlingmascakeb tahun 2012-2019 Corolina, Natalia Nola; Sarfiah, Sudati Nur; Panjawa, Jihad Lukis
Journal of Economics Research and Policy Studies Vol. 1 No. 3 (2021): Journal of Economics Research and Policy Studies
Publisher : Nur Science Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (412.922 KB) | DOI: 10.53088/jerps.v1i3.269

Abstract

Creating a just, prosperous, and equitable life is the ultimate development goal in every country. Poverty is one of the problems in development and hinders these development goals. Barlingmascakeb is one of the development areas in Central Java province, which has a high number of poor people and poverty. This study aimed to analyze the effect of gross regional domestic product, inflation rate, human development index, and open unemployment rate on the poor population. The analytical method used in this research is panel data regression with a fixed-effect model approach. The results showed that the gross regional domestic product and the human development index had a significant adverse effect on the poor. The open unemployment rate had a significant positive effect on the number of the poor, and the inflation rate did not affect the number of the poor. The government’s role is needed to improve welfare, maintain the stability of the inflation rate, improve the quality of human development programs and increase training and skills programs to reduce the number of poor people.
Household Energy Poverty: Evidence From a Large-Scale Longitudinal Survey Septiani, Yustirania; Sugiharti, Rr Retno; Panjawa, Jihad Lukis; Nur Izati, Isna Hana
Economics Development Analysis Journal Vol 12 No 4 (2023): Economics Development Analysis Journal
Publisher : Economics Development Department, Universitas Negeri Semarang, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/edaj.v12i4.74534

Abstract

Energy is a basic household necessity closely related to human health and well-being; unfortunately, not all households have equal access to energy. This condition is referred to as energy poverty, wherein a household lacks access to or cannot afford basic energy services to meet its daily needs. The goal of this research is to analyze the determining factors of the probability of households experiencing energy poverty in Indonesia, focusing on Household Demography and Household Expenditure factors. Using household survey data from IFLS4 (2007) and IFLS5 (2014) and employing Multinomial Logit analysis, this study aims to capture the differences between groups of energy-consuming households. The research findings indicate that households found it easier to access energy (especially gas) after the implementation of the energy conversion policy from kerosene to gas, which began in 2007. Based on the estimation results, the probability of households experiencing energy poverty in Indonesia in 2007 is determined by Education, Income, Spouse Work, Communication Cost, and Health Cost, while in 2014, it is influenced by Education, Spouse Work, Electric Cost, Fuel Cost, Health Cost, and Non-food Consumption. Other indicators of Household Demography and Household Expenditure show different results for each category and period. To address energy poverty, a change in perspective and reform of programs in the energy sector are required. The government can also provide energy subsidies and compensation to poor and vulnerable populations.
Tourism Villages for Micro and Small Enterprises Labor Absorption Sugiharti, Rr Retno; Panjawa, Jihad Lukis; Pamela, Queen; Kurniawan, Muhammad Arif; Guritno, Danur Condro
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

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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.
Perluasan Pemasaran Produk Melalui Rintisan Digital Startup Pada Kelompok Wanita Tani, Kampung Dumpoh, Kota Magelang Septiani, Yustirania; Panjawa, Jihad Lukis; Khabibah, Nibras Anny; Ernikawati, Ernikawati; Moonti, Roy Marthen
Insan Cita : Jurnal Pengabdian Kepada Masyarakat Vol 5, No 1 (2023): Februari 2023 - Insan Cita: Jurnal Pengabdian Kepada Masyarakat
Publisher : Universitas Gorontalo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32662/insancita.v5i1.1641

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Pengelolaan hasil pertanian masih belum baik, sehingga keuntungan dari produksi belum dapat dinikmati secara maksimal oleh kelompok Wanita Tani Manunggal, Kampung Dumpoh, Kota Magelang. Pemasaran produk yang ditawarkan hanya sebatas menunggu datangnya konsumen, belum ada pemasaran berbasih online. Selain itu, kondisi adanya pandemic covid-19 menyebabkan terbatasnya penjualan produk. Mengingat, perkembangan teknologi informasi yang pesat akan menjadi titik perubahan akan teknik memasarkan suatu produk barang dari memasarkan secara konvensional beralih menggunakan pemasaran digital. Solusi yang ditawarkan adalah rintisan digital startup dalam rangka perluasan pemasaran produk tani, Kelompok Wanita Tani, Kampung Dumpoh, Kota Magelang. Metode yang digunakan diskusi dan tutorial mengenai pemasaran digital. Hasil dari program kemitraan masyakarat adalah peserta mempunyai motivasi dan paham konsep pemasaran digital produk tani melalui rintisan digital startup serta pengaplikasian pemasaran digital produk tani yang mudah dipahami serta esuai dengan kebutuhan konsumen.
Economic Growth and Carbon Emissions: Environmental Kuznets Curve (EKC) Hypothesis in Indonesia from 1990 to 2020 Febriyanto, Aryo Dwi; Panjawa, Jihad Lukis
Jurnal Ekonomi Pembangunan Vol 13 No 1 (2024): Volume 13 Nomor 1 Tahun 2024
Publisher : Fakultas Ekonomi dan Bisnis Universitas Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23960/jep.v13i1.1147

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All countries in the world, both developed and developing countries, are facing pollution problems in order to be able to balance accelerating economic growth with environmental degradation problems due to their economic activities. The acceleration of economic development in Indonesia to achieve high industrial growth is directly proportional to the cause of the high increase in carbon dioxide emissions. The purpose of this study is to see the environmental impact of the regulations set, as well as to provide recommendations for the formulation of environmentally friendly economic development policies in the future. This study applies time series data regression with ECM as the method used. Indonesia was chosen as the object of the theory Environmental Kuznets Curve (EKC) from 1990 to 2020. The results of the study show that the squared industry variable in the short term is not significant, but in the long term, it is significant and has an effect of -0.0002, which means that the EKC hypothesis is not proven in the short and long-term, only a decrease in environmental degradation occurs. (CO2 emissions) because industry increases in the long term or industry has a significant negative effect on carbon dioxide emissions in the long term.
Possible Factors Determining Individual Decisions as Sociopreneurs In The National Strategic Tourism Area of Borobudur Habibi, Hafidz Nasim; Intan, Ikhtiara Anggitiya; Kusumaningrum, Yunita; Syarifah, Yetty; Fauziyah, Nasywaa; Panjawa, Jihad Lukis
International Journal of Business, Law, and Education Vol. 6 No. 2 (2025): International Journal of Business, Law, and Education
Publisher : IJBLE Scientific Publications Community Inc.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56442/ijble.v6i2.1303

Abstract

As an innovative solution to social issues and a driver of the local economy, sociopreneurship holds crucial relevance in strategic areas such as the national strategic tourism area of Borobudur. This study aims to analyze the determining factors that influence individuals' decisions to become sociopreneurs in the area. Using Utility Theory and Neoclassical Labor Choice Theory, the study applies a quantitative approach with a probit regression model. Primary data were analyzed from 140 respondents (sociopreneurs and non-sociopreneurs) selected through purposive sampling. The main results indicate that age, training, community participation, number of workers, and local resources have a significant positive effect. Conversely, the use of production technology has a negative effect, while capital and formal education factors are not significant. The main conclusion suggests that the decision to become a sociopreneur is driven by a balance of social and economic utility, not simply capital. The implications of this research recommend strengthening policies focused on community-based training and utilization of local resources
ANALISIS SEKTOR EKONOMI UNGGULAN DALAM MENDORONG PERTUMBUHAN EKONOMI KABUPATEN MAGELANG TAHUN 2015-2019 Yusuf, Maulana; Panjawa, Jihad Lukis
Jurnal Ekonomi Kreatif dan Manajemen Bisnis Digital Vol 1 No 2 (2022): NOVEMBER
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/jekombital.v1i2.345

Abstract

The development process of an area cannot run smoothly and optimally if the process does not match its potential. Magelang Regency actually has potential sectors to be developed and is able to make a good contribution to GRDP. This study aims to analyze and identify leading, competitive sectors which are then used as a driver for economic growth and regional development of Magelang Regency. The data used in this research is secondary data. While the research method uses Location Quotient (LQ) analysis and Shift-Share analysis.Based on the results of the analysis, it shows that there are several prominent economic sectors in the Magelang Regency, namely 1) the agriculture, forestry and fisheries, 2) the mining and quarrying 3) the clean water supply, waste processing and recycling, 4) the transportation and warehousing sector, 5) accommodation and food and drink provision, 6) information and communication, 7) real estate, 8) government administration, 9) education services and 10) other services. Apart from that it is a non-base sector. Meanwhile, in the calculation of the shift share analysis, there are several sectors that have experienced a shift. One of them is the agriculture, forestry and fisheries sectors. However, as a whole, all sectors in Magelang regency are related to one another and have a positive influence on the overall regional output growth.
Determinants of Informal Labor Income: Does Demographic Matters? Dinar Melani Hutajulu; Rr. Retno Sugiharti; Jihad Lukis Panjawa; Jalu Aji Prakoso; Lorentino Togar Laut
Jurnal Ekonomi dan Studi Pembangunan Vol 13, No 2 (2021)
Publisher : Universitas Negeri Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17977/um002v13i22021p112

Abstract

In informal sector, labor is unnecessary to have a higher degree and special skill. So that, working in informal sector is one of the solutions for labor with low skill to gain an income and move out from poverty. This research aims to analyse determinant factors of labor income in informal sector, focused on demographic and social economics variables. By using SAKERNAS data from Indonesian Statistics, this research is adopted Mincer Wage Equation and conducted by Ordinary Least Square Method. The result shows that Mincer Equation still a robust model for modelling wage factor. Labor with more educational backgrounds come up with higher income since the education will refine the workability and capability to improve productivity. In the other hand, labor in informal sector who live in the village earn more income than those who work in the city area. This conclude that by right policy, informal sector can develop higher income as high as formal sector.
Co-Authors A'Yun, Qurotul Adelia, Erika Nisa Aditya Kumala Dewi Alghifari, Muhammad Hafis Amelia Cyntia Kusuma Wardhani Amini, Nurul Fajar Anjani, Arlian Sherly anti, Tri Yuli anti, Tri Yuli Arif Rahman Saleh Axel Giovanni Azmi, Reza Mu’tiqul Baroroh, Erli Bhimo Rizky Samudro, Bhimo Rizky Budi Rahardjo Chasanah, Hikmah Rochimatul Corolina, Natalia Nola Damayanti, Sekar Ayu Daryono Soebagiyo Dimas Bayu Nur Irvanie Dinar Melani Hutajulu ernikawati, ernikawati Fauziyah, Nasywaa Febriyanto, Aryo Dwi Guritno, Danur Condro Habibi, Hafidz Nasim Hadi Sasana Hadji, Kuswan Hidayatul Prasetyowati Intan, Ikhtiara Anggitiya Isna Hana Nur Izati Izati, Isna Hana Nur Jalu Aji Prakoso Joko Triyanto Kariza, Alifia Ninda Katarina Putri Maharani Kautsar, Akhmad Kusmawati, Zulianissa Diah Kusumaningrum, Yunita Lak lak Nashat el Hasanah, Lak lak Nashat Lorentino Togar Laut Lorentino Togar Laut Mahrus Lutfi Adi Kurniawan Maknun, Lu'lu'ul Maulana Yusuf Maulia Siti Mukharohmah Moonti, Roy Marthen Muhammad Arif Kurniawan Muhammad Arif Kurniawan Nibras Anny Khabibah Ningsih, Nur Cahyati Novitaningtyas, Ivo Nugroho, Bondan Nur Izati, Isna Hana Nuraeni, Risky Nurkhasanah Nurkhasanah Pajrin, Rani Pamela, Queen Patricia Meita Vara Angelina Prakoso, Jalu Aji Pramudianti, Ulfa Rahma Prasetyowati, Hidayatul Pratama, Ikhwan Annas R Maya Putri Rahayu Ramadani, Cahya Ramdani, Nova Reni Eka Septiani Retno Sugiharti Reza Mu’tiqul Azmi Rr Retno Sugiharti Rr. Retno Retno Sugiharti Rr. Retno Sugiharti Safira Herdianty Prasetyo Sari Islami, Fitrah Septiani, Yustirania Serly Dita Rizkyna Sari Setianingsih Shifa Ziqrana Siti Mu’awanah Siti Nur Aisyah Siti Sarifah Sudati Nur Sarfiah Sudati Nur Sarfiah Sugiharti, Rr. Retno Syarifah, Yetty Tri Lestari Ulinni’mah, Kusuma Wawan Kurniawan Widianingrum, Ira Fitriani Widianingrum, Ira Fitriani Yesinta Nanda Kurnia Yustirania Septiani