EKOMABIS: Jurnal Ekonomi Manajemen Bisnis
Vol. 5 No. 02 (2024): Ekomabis Edisi Juli 2024

The impact of COVID-19 Pandemic on Poverty Levels in Central Java: A Comparative Analysis

Nawalin Nazah (Universitas Muhammadiyah Purwokerto)
Dwi Winarni (Universitas Muhammadiyah Purwokerto)
Rhis Ogie Dewandaru (Universitas Muhammadiyah Purwokerto)



Article Info

Publish Date
17 Jul 2024

Abstract

This study investigates how poverty levels in Central Java, Indonesia, were affected before, during, and after the COVID-19 pandemic. Initially, there was a gradual decline in poverty rates due to economic growth and poverty alleviation programs. However, the pandemic brought unprecedented challenges, leading to economic disruptions, job losses, and increased vulnerability. Using data from 2017 to 2023 across 29 regencies and 6 cities in Central Java, the research assesses the pandemic's impact on poverty. Factors such as unemployment, education, and minimum wage are examined, with COVID-19 represented by dummy variables. The findings reveal a rise in poverty during and after the pandemic, despite efforts to alleviate it. Education and minimum wage play significant roles in poverty reduction, while unemployment's impact is less clear. The study utilizes statistical models to analyze the data, identifying a random effect model as the most suitable. Heteroscedasticity is addressed using FGLS models, reaffirming the significant impact of variables on poverty. Additionally, the study evaluates Central Java's post-pandemic recovery efforts, providing insights for future policymaking to build resilient and inclusive societies in the face of similar crises.

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Journal Info

Abbrev

ekomabis

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

EKOMABIS: Jurnal Ekonomi Manajemen Bisnis is a journal published twice a year (January and July) by LPPM Universitas Pelita Bangsa that focused on economics, management, and Business Studies. The aim of the journals is to disseminate the research in management studies that include marketing, ...