El-Qist : Journal of Islamic Economics and Business (JIEB)
Vol. 14 No. 1 (2024): April

Poverty Alleviation and Socio-Economic Improvement in Indonesia's Economic Development Plan

A'yunina , Qurotu (Unknown)
Himmati, Risdiana (Unknown)



Article Info

Publish Date
30 Jul 2024

Abstract

This study aims to examine the long- and short-term effects of five key socio-economic indicators—school enrolment rates, infant mortality rates, unemployment rates, the human development index (HDI), and the Gini ratio—on Indonesia’s per capita income from 1993 to 2022. Using the Error Correction Model (ECM) and data from Indonesia’s Central Statistics Agency (BPS), the research reveals that school enrolment, infant mortality, and unemployment rates significantly affect per capita income in the long term, while unemployment and HDI demonstrate significance in the short term. In contrast, the Gini ratio shows no statistically significant effect in either timeframe. These findings underscore the multidimensional nature of poverty alleviation and socio-economic progress, emphasizing the importance of targeted educational, health, and labor policies. The specific contribution of this study to the international research field lies in its comprehensive, multi-decade evaluation of economic development dynamics in a major developing economy. By integrating diverse social indicators into a longitudinal ECM framework, the study contributes novel empirical evidence on the complex causal pathways between inequality, human development, and income generation. It offers comparative insights for policymakers and researchers globally, particularly those working in contexts with similar demographic, institutional, and development challenges.

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Journal Info

Abbrev

elqist

Publisher

Subject

Economics, Econometrics & Finance Library & Information Science Social Sciences

Description

el-Qist: Journal of Islamic Economics and Business (JIEB) Merupakan jurnal yang terbit dua kali dalam satu tahun, bulan April dan Oktober, berisi kajian-kajian Ekonomi dan Bisnis Islam, baik berupa artikel konsepsional ataupun hasil ...