cover
Contact Name
Bhimo Rizky Samudro
Contact Email
bhimosamudro@staff.uns.ac.id
Phone
+6282241068480
Journal Mail Official
jiep@mail.uns.ac.id
Editorial Address
Department of Development Economiecs Faculty of Economics and Business, Universitas Sebelas Maret Jl Ir. Sutami 36A Kentingan Surakarta 57126 Central Java Province, Indonesia
Location
Kota surakarta,
Jawa tengah
INDONESIA
Jurnal Ilmu Ekonomi dan Pembangunan
ISSN : 14122200     EISSN : 25481851     DOI : https://doi.org/10.20961/jiep
The Jurnal Ilmu Ekonomi dan Pembangunan (JIEP) invites papers on a wide range of topics, including the following : Economic Theories and Methodologies Econometric Finance and Monetary Economy Review of Government Policy and Macroeconomic Regional Economy Globalization and Localization Approach to Economic Political Economy Institutional Economy Environmental Economy Health Economy & Public Health Sustainable Economy Pancasila Economy, Grass-Roots Based Economy, Islam Economy, and other critical study.
Articles 145 Documents
ARE ISLAMIC STOCKS SAFE-HAVEN ASSETS? DYNAMIC EVIDENCE FROM INDONESIA Igo Febrianto; Nindytia Puspitasari Dalimunthe; Faila Shofa
Jurnal Ilmu Ekonomi dan Pembangunan Vol 26, No 1 (2026): Jurnal Ilmu Ekonomi dan Pembangunan
Publisher : EP FEB UNS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/jiep.v26i1.117279

Abstract

This study examines whether Islamic stocks in Indonesia function as safe-haven assets during major global crises by analysing their dynamic correlation with the conventional market. Using the Dynamic Conditional Correlation–Generalized Autoregressive Conditional Heteroskedasticity (DCC–GARCH), this research evaluates time-varying correlations between the Jakarta Composite Index (IHSG) and several financial assets, namely the Indonesia Sharia Stock Index (ISSI), Jakarta Islamic Index (JII), gold, and the USD/IDR exchange rate across four crisis periods: the Taper Tantrum (2013–2014), the U.S.–China Trade War (2018–2020), the COVID-19 pandemic (2020–2021), and the Russia–Ukraine geopolitical crisis (2022–2023). The findings show that Islamic stocks exhibit persistent positive co-movement with the conventional market, indicating limited safe-haven properties despite their theoretical resilience, while gold price and USD/IDR display weak or negative correlations, confirming their roles as short-term safe-haven assets. This study contributes by demonstrating that safe-haven characteristics are dynamic and crisis-dependent, implying that Islamic stocks offer limited diversification benefits during systemic shocks compared to gold and exchange rate exposure.
REPRESENTATION OF POVERTY IN SOUTH KOREA: A CASE STUDY OF BONG JOON-HO’S PARASITE Muhammad Iqbal; Gonda Yumitro; Havidz Ageng Prakoso
Jurnal Ilmu Ekonomi dan Pembangunan Vol 25, No 1 (2025): Jurnal Ilmu Ekonomi dan Pembangunan
Publisher : EP FEB UNS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/jiep.v25i1.94317

Abstract

South Korea’s transformation into a modern industrial nation and leading global economic power is a remarkable example. Even though the economy is developing rapidly, pockets of poverty still exist, so a practical alleviation approach is needed. This journal article examines South Korea’s economic growth from 2019 to 2024, showing its extraordinary transformation from crisis to one of the most influential global economic forces. Additionally, this analysis includes perspectives from Bong Joon-ho’s film “Parasite,” which visually shows the social and economic disparities in South Korea, encouraging thoughts about capitalism, poverty, and social class. Methodologically, this research examines well-known national and international journals focusing on how the “Parasite” conception influences the South Korean economy in overcoming poverty. This film depicts social differences through scenes, settings, and dialogue. Various perspectives are used in this discussion, including global development economics and neoclassical growth theory. The recommendations emphasize that vocational skills development, equitable access to education and health services, and sustainable policy implementation in collaboration with the private sector are all important. Ultimately, this article reveals the message of the film Parasite, which illustrates how difficult it is to deal with poverty in South Korea. It also suggests a broad strategy that combines global development economics with local policies tailored to people’s needs.
ASYMMETRIC NEXUS OF EXPORT, EXCHANGE RATE, FDI, AND ECONOMIC DEVELOPMENT IN INDONESIA Lutfiatul Azizah; Aminudin Ma'ruf
Jurnal Ilmu Ekonomi dan Pembangunan Vol 26, No 1 (2026): Jurnal Ilmu Ekonomi dan Pembangunan
Publisher : EP FEB UNS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/jiep.v26i1.113037

Abstract

This study examines whether exports, exchange rates, and foreign direct investment respond asymmetrically to positive and negative shocks in Indonesia's gross domestic product (GDP) over the period 1973 to 2022, using the Nonlinear Autoregressive Distributed Lag (NARDL) model. We estimate three different models where exports, exchange rate and FDI are used as dependent variables with GDP as the key explanatory variable. The results suggest asymmetric responses in two of the three models. In the case of exports, positive GDP shocks are associated with a significant positive response in exports, whereas negative shocks have an insignificant impact, suggesting that export commodity dependence in Indonesia is not vulnerable to domestic recessions. For FDI, positive GDP growth attracts long-run investment inflows while economic contractions produce a modest but significant negative effect, consistent with threshold-based investor behaviour. For the exchange rate, both positive and negative GDP shocks are insignificant, implying that exchange rate movements are largely influenced by monetary and capital movements, rather than output. The results are consistent with the use of asymmetric modelling for the Indonesian macroeconomy, as positive and negative GDP shocks produce markedly different responses across the three models, with implications for growth-enhancing policies that account for the non-linearity of macroeconomic transmission.
FOMO PHENOMENON IN GEN Z INVESTMENT BEHAVIOR: COMPARISON OF CONVENTIONAL AND SHARIA INVESTMENT INSTRUMENTS Gladis Jelita; Laylan Syafina; Muhammad Lathief Ilhamy Nasution
Jurnal Ilmu Ekonomi dan Pembangunan Vol 26, No 1 (2026): Jurnal Ilmu Ekonomi dan Pembangunan
Publisher : EP FEB UNS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/jiep.v26i1.117690

Abstract

This research analyzes the influence of Fear of Missing Out (FOMO) on the investment behavior of Gen Z and compares its manifestations in conventional and sharia investment instruments thru a descriptive qualitative approach with in-depth interviews. The research results show that FOMO drives more impulsive investment decisions in conventional instruments, primarily due to the urge to follow trends and a short-term profit orientation. On the other hand, in Sharia investments, the influence of FOMO tends to be more controlled due to ethical considerations, principles of prudence, and Sharia compliance. Financial literacy, particularly Sharia financial literacy, also plays an important role in moderating the influence of FOMO by enhancing the rationality and risk awareness of investors. These findings affirm that the characteristics of investment instruments and the level of financial literacy influence Gen Z's response to behavioral biases in investment decision-making.
DOES FINANCIAL LITERACY AMPLIFY DIGITAL BANKING'S IMPACT ON STUDENT SAVING BEHAVIOR? Aprillia Afenny; Shandy Puspita
Jurnal Ilmu Ekonomi dan Pembangunan Vol 26, No 2 (2026): In press November
Publisher : EP FEB UNS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/jiep.v26i2.117858

Abstract

Digital banking adoption among college students is growing rapidly, but this is not necessarily accompanied by an increase in planned savings behavior. This study aims to fill this gap by examining how usage intensity, perceived ease of use, and feature utilization of the blu by BCA app collectively shape student savings behavior. It also examines the role of financial literacy as both a direct and moderating factor, a combination that has not been widely studied in the context of neobanks in Indonesia. The study employed a quantitative approach with an explanatory survey design among 200 active college students in West Jakarta who had used the blu by BCA app for at least three months. Data were collected through an online Likert-scale questionnaire and analyzed using PLS-SEM with the assistance of SmartPLS 4. All seven hypotheses were supported. Feature utilization was the strongest predictor of savings behavior, followed by usage intensity and perceived ease of use. Financial literacy was shown to have a direct and strengthening effect on all three pathways, although the moderating effect was weak to moderate. The overall model explained 61.5% of the variation in savings behavior with a high level of model fit. These findings confirm that feature design oriented towards financial goals, rather than simply ease of transactions, is a key driver of planned savings behavior. From a policy perspective, integrating digital-based financial literacy programs into higher education curricula is relevant given their role in optimizing the benefits of banking technology. This research provides a conceptual contribution by developing a TAM model that integrates financial literacy as a moderator in the neobank ecosystem, with practical implications for app developers, regulators, and educational institutions.

Filter by Year

2014 2026


Filter By Issues
All Issue Vol 26, No 2 (2026): In press November Vol 26, No 1 (2026): Jurnal Ilmu Ekonomi dan Pembangunan Vol 25, No 2 (2025): Jurnal Ilmu Ekonomi dan Pembangunan Vol 25, No 1 (2025): Jurnal Ilmu Ekonomi dan Pembangunan Vol 24, No 2 (2024): Jurnal Ilmu Ekonomi dan Pembangunan Vol 24, No 1 (2024): Jurnal Ilmu Ekonomi dan Pembangunan Vol 23, No 2 (2023): Jurnal Ilmu Ekonomi dan Pembangunan Vol 23, No 1 (2023): Jurnal Ilmu Ekonomi dan Pembangunan Vol 22, No 2 (2022): Jurnal Ilmu Ekonomi dan Pembangunan Vol 22, No 1 (2022): Jurnal Ilmu Ekonomi dan Pembangunan Vol 21, No 2 (2021): Jurnal Ilmu Ekonomi dan Pembangunan Vol 21, No 1 (2021): Jurnal Ilmu Ekonomi dan Pembangunan Vol 20, No 2 (2020): Jurnal Ilmu Ekonomi dan Pembangunan Vol 20, No 1 (2020): Jurnal Ilmu Ekonomi dan Pembangunan Vol 19, No 2 (2019): Jurnal Ilmu Ekonomi dan Pembangunan Vol 19, No 1 (2019): Jurnal Ilmu Ekonomi dan Pembangunan Vol 18, No 2 (2018): Jurnal Ilmu Ekonomi dan Pembangunan Vol 18, No 1 (2018): Jurnal Ilmu Ekonomi dan Pembangunan Vol 17, No 2 (2017): Jurnal Ilmu Ekonomi dan Pembangunan Vol 17, No 1 (2017): Jurnal Ilmu Ekonomi dan Pembangunan Vol 16, No 2 (2016): Jurnal Ilmu Ekonomi dan Pembangunan Vol 16, No 1 (2016): Jurnal Ilmu Ekonomi dan Pembangunan Vol 15, No 2 (2015): Jurnal Ilmu Ekonomi dan Pembangunan Vol 15, No 1 (2015): Jurnal Ilmu Ekonomi dan Pembangunan Vol 14, No 2 (2014): Jurnal Ilmu Ekonomi dan Pembangunan Vol 14, No 1 (2014): Jurnal Ilmu Ekonomi dan Pembangunan More Issue