INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)
Vol. 2 No. 8 (2026): INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE)

ECONOMIC EFFICIENCY AND SUSTAINABILITY FROM A NATIONAL LEGAL PERSPECTIVE: A LITERATURE REVIEW ON THE ROLE OF SECTOR REGULATION AND STATE-OWNED ENTERPRISES IN REALISING INCLUSIVE AND SUSTAINABLE GROWTH

Gunawan Widjaja (Fakultas Hukum Universitas 17 Agustus 1945 Jakarta)



Article Info

Publish Date
17 Feb 2026

Abstract

This article examines economic efficiency and sustainability from a national legal perspective through a literature review of the role of sector regulation and state-owned enterprises (SOEs) in achieving inclusive and sustainable growth. Sector regulation is seen as a legal instrument to correct market failures, ensure legal certainty, and encourage the application of sustainability and inclusivity principles through environmental, social, and governance standards. On the other hand, SOEs act as development agents that integrate commercial and social functions, support economic stability, and reduce environmental footprints through green economy practices and more transparent sustainability reporting. The results of the study show that sector regulation and SOEs are two main pillars that must be designed in an integrated, accountable manner and based on the principle of equitable efficiency within the framework of economic democracy to achieve inclusive and sustainable growth.

Copyrights © 2026






Journal Info

Abbrev

IJEFE

Publisher

Subject

Economics, Econometrics & Finance

Description

INTERNATIONAL JOURNAL OF FINANCIAL ECONOMICS (IJEFE) is a scientific journal that publishes articles in the field of Business and finance that contain conceptual ideas in the fields of Economics, Accounting, Management, Business and finance. The scope is Human Resource Management, Marketing ...