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All Journal Efficient: Indonesian Journal of Development Economics
Annis Nurfitriana Nihayah
Universitas Negeri Semarang
Economics, Econometrics & Finance

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The Dynamics of Population Aging and Public Health Expenditure on Economic Growth: An Empirical Study in the Asia-Pacific Region Rahma Puspita Rahayu; Annis Nurfitriana Nihayah
Efficient: Indonesian Journal of Development Economics Vol. 9 No. 1 (2026)
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/efficient.v9i1.39799

Abstract

In recent years, empirical studies on population aging have gained significant attention as it has become a major global issue facing both developed and developing countries. Population aging has the potential to exert adverse effects by decreasing labor force participation and productivity among the elderly, as well as causing imbalances between savings and investment that may lead to economic stagnation. Meanwhile, good health plays a crucial role in enhancing human resource quality and economic productivity. The objective of this empirical study is to explore the relationship between population aging, public health expenditure, and economic growth. Utilizing a panel data regression model, this study analyzes data from 30 countries in the Asia-Pacific region over the 2008–2022 period. Based on secondary data sourced from the World Bank, the estimation results clearly demonstrate that population aging is detrimental to a country's economic growth, whereas public health expenditure yields a significant positive impact on economic growth in the Asia-Pacific region. This research is expected to serve as a reference for policymakers in designing strategies to enhance national resilience in facing demographic structural changes.
Analysis of Factors Influencing Regional Financial Independence in Regencies/Cities in Yogyakarta Faustina Raissa Indriati; Annis Nurfitriana Nihayah
Efficient: Indonesian Journal of Development Economics Vol. 9 No. 1 (2026)
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/efficient.v9i1.40670

Abstract

This study aims to determine the factors influencing regional financial independence in regencies/cities in the Special Region of Yogyakarta Province. This study uses panel data regression analysis which is a combination of cross-sectoral data from 5 regencies/cities in the Special Region of Yogyakarta Province and time series data from 2014-2024. The results of this study indicate that special funds, regional revenues, and special allocation funds have a significant positive influence on regional financial independence. Meanwhile, general allocation funds have a negative but insignificant influence on regional financial independence in regencies/cities in the Special Region of Yogyakarta Province. Regional financial independence can be improved by optimizing regional revenues and utilizing specific and asymmetric fiscal transfers so as not to rely on transfer funds that tend not to encourage regional financial independence.
Co-Authors Faustina Raissa Indriati Rahma Puspita Rahayu