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INDONESIA
Jurnal Ekonomi dan Pembangunan
ISSN : 0854526x     EISSN : 25030272     DOI : -
Core Subject :
Jurnal Eknomi Pembangunan merupakan salah satu jurnal Pusat Penelitian Ekonomi - LIPI dengan versi bahasa Indonesia dan bahasa Inggris. Jurnal ini membahas permasalahan di bidang ekonomi dan pembangunan dalam arti menyeluruh, tidak hanya terbatas pada ilmu ekonomi pembangunan. Namun meliputi juga ekonomi Islam, ekonomi lingkungan, ekonomi perusahaan, pembangunan daerah, kemiskinan, ketimpangan dan bidang yang terkait ilmu ekonomi dan pembangunan lainnya.
Arjuna Subject : -
Articles 106 Documents
STUDI ENVIRONMENTAL KUZNETS CURVE DI ASIA: SEBELUM DAN SETELAH MILLENNIUM DEVELOPMENT GOALS Nikensari, Sri Indah; Destilawati, Sekar; Nurjanah, Siti
Jurnal Ekonomi dan Pembangunan Vol 27 No 2 (2019)
Publisher : Economic Research Center, the Indonesian Institute of Sciences (P2E-LIPI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1018.198 KB) | DOI: 10.14203/JEP.27.2.2019.11-25

Abstract

Pencemaran lingkungan dapat menurunkan kesejahteraan subyektif (subjective well-being). Studi ini bertujuan membuktikan berlakunya hipotesis Environmental Kuznets Curve (EKC) di negara-negara berpendapatan tinggi dan menengah Asia, juga untuk menganalisis perbedaan pengaruh GDP per kapita, konsumsi energi, dan populasi penduduk pada emisi CO2 di wilayah yang sama pada periode sebelum dan setelah MDGs. Data diperoleh dari World Bank dengan periode waktu 1987-2014, di mana analisisnya menggunakan metode kuantitatif dan expose facto, dan melalui persamaan regresi data panel guna mencapai tujuan penelitian. Hasil penelitian membuktikan bahwa sampai 2014 hipotesis EKC yang berbentuk U-terbalik belum terjadi di negara-negara high income yang diteliti, namun akan terjadi ketika GDP per kapita sudah mencapai USD 51.44 ribu. Sedangkan di negara-negara lower middle income, pola hubungan antara GDP per kapita dan emisi CO2 masih membentuk kurva U, atau dengan kata lain hipotesis EKC belum akan terjadi di negara-negara ini, karena di beberapa negara tersebut masih dalam tahap awal pembangunan. Hasil penelitian juga menunjukkan bahwa sebelum MDGs (tahun 2000), GDP per kapita, konsumsi energi dan jumlah penduduk di negara-negara high income berkontribusi atas naiknya emisi CO2, namun pasca MDGs ditetapkan, meningkatnya GDP per kapita mampu menurunkan emisi CO2. Sedangkan di negara-negara low middle income, di awal penelitian sebelum MDGs, data menunjukkan bahwa CO2 sudah tinggi pada saat GDP per kapita masih rendah, dan pasca MDGs, kenaikan GDP per kapita masih berkontribusi atas meningkatnya emisi CO2.
THE SPILLOVER EFFECTS OF FDI ON LABOR PRODUCTIVITY OF FIRMS: EVIDENCE FROM THE FIVE PRIORITY MANUFACTURING INDUSTRIES IN INDONESIA Juda, Martin; Kudo, Toshihiro
Jurnal Ekonomi dan Pembangunan Vol 28 No 1 (2020)
Publisher : Economic Research Center, the Indonesian Institute of Sciences (P2E-LIPI)

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Abstract

This study aims to investigate the effects of FDI spillover on labor productivity of the firms in the five priority manufacturing sector industries in Indonesia, namely food and beverages, textiles, wearing apparel and footwear, chemicals and pharmaceuticals, electronics, and automotive and transport equipment industries. Using unbalanced firm-level data from 2000 to 2015, we find positive spillover effects in the horizontal linkages, which measure the presence of foreign firms on the labor productivity of local firms in the same industry. However, the effects of FDI on the labor productivity of domestic in backward linkages shows negative results, which means foreign buyers fail to give benefits to domestic suppliers. Moreover, the relationship between foreign suppliers and domestic buyers in the forward linkages also show negative spillover effects. These findings are also in line when the analyses are disaggregated into each industry, except for the electronics industry. Based on the different results of the three linkages of spillover effects, our findings suggest that the FDI spillover has not provided comprehensive benefits for local firms.
IS INPUT SUBSIDY STILL USEFUL FOR INDONESIAN AGRICULTURE? Wirakusuma, Gilang
Jurnal Ekonomi dan Pembangunan Vol 28 No 1 (2020)
Publisher : Economic Research Center, the Indonesian Institute of Sciences (P2E-LIPI)

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Abstract

Government policies in the form of input subsidies have become an essential instrument for improving the performance of the agricultural sector and overcoming the limitations of resources owned by farmers. However, there are still questions about how effective this policy can be in boosting agricultural performance. This study aims to examine the impact of channeling input subsidies on agricultural productivity. Using the 2014 Agricultural Census microdata, 26,079 rice farm households were included in the analysis. Propensity Score Matching (PSM) is used to examine the impact of input subsidies on agricultural productivity represented by the productivity of rice farming. PSM was chosen because it can overcome the selection bias that could potentially arise in the analysis process. The analysis showed that the PSM model succeeded in reducing bias and confirmed that input subsidies had a significant effect on the productivity of rice farming. Thus, the input subsidy policy is an important and relevant instructor to improve the performance of the agricultural sector.
GOOD GOVERNANCE AND NATURAL RESOURCE CURSE; WHICH HYPOTHESIS IS PREVAILING IN ASEAN ECONOMIES? Iskandar, Deden; Hendarto, Robertus Mulyo; Reza, Adhevyo
Jurnal Ekonomi dan Pembangunan Vol 28 No 1 (2020)
Publisher : Economic Research Center, the Indonesian Institute of Sciences (P2E-LIPI)

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Abstract

This study aims to find the relevance of the natural resource curse and good governance hypothesis in ASEAN economies post-financial crises 1998. Employing Generalized Method of Moments (GMM), this study finds that good governance practices (Control of Corruption, Political Stability, and Voice and Accountability) play a role in the ASEAN economies after the great financial crisis. Thus, the hypothesis stating that good governance practices will improve economic development is confirmed. On the other hand, the observation of the natural resource curse hypothesis in ASEAN countries returns mixed results. The hypothesis states that natural resource abundance is associated with lower economic performance. This study finds that dependence on the natural resource by itself does not affect GDP. However, the natural resource curse occurs when countries with bad governance (low Control of Corruption) depend on agriculture resources. On the other hand, the natural resource becomes a blessing when the countries that rely on agriculture resources are supported with good governance practices in terms of strong Government Effectiveness, Political Stability, and Voice and Accountability.  Thus, the effect of natural resources on economic development depends on the quality of governance. This paper highlights the importance of observing the natural resource and good governance in interaction instead of in isolation and the relevance of disaggregating the indicators of good governance as well as natural resources.
Effect of village funds and other variables on economic growth of Central Java Province 2015–2018 Rizka Amalia Farentina
Jurnal Ekonomi dan Pembangunan Vol 30 No 1 (2022): Jurnal Ekonomi dan Pembangunan
Publisher : Economic Research Center, the Indonesian Institute of Sciences (P2E-LIPI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14203/JEP.30.1.2022.1-14

Abstract

The Economic growth of Central Java Province from 2015 to 2018 experienced a slowdown compared to other provinces in Java. One of the main focuses on improving the economy is fiscal decentralization which is manifested in the form of village funds. This is in line with one of nine development priorities for the next five years agendas, or so- called Nawacita, namely to develop Indonesia from the periphery by strengthening regions and villages within the framework of a unitary state. The village funds data from the Ministry of Finance shows that Central Java Province receives the largest village funds each year, but this does not necessarily increase economic growth in the recipient districts. In addition to the economic growth policy, the government also plans through investment and government spending. The purposes of this study are to determine the effectiveness of the village fund budget and the effect of the realization of village funds, capital expenditure, goods and services expenditure, and the level of open unemployment on economic growth. The method used in this study is the panel data regression analysis method with the research locus of 29 districts receiving village funds in Central Java Province from 2015 to 2018. The results of the study using the selected panel data regression model that is the Fixed Effect Model FGLS SUR show that all independent variables influence significantly to economic growth (GRDP). The variable realization of village funds and goods and services expenditure has a significant positive effect, while the variable realization of capital expenditure and the variable open unemployment has a significant negative effect on economic growth (GRDP).
The correlation of international trade and growth in Indonesia Barianto Nurasri Sudarmawan
Jurnal Ekonomi dan Pembangunan Vol 30 No 1 (2022): Jurnal Ekonomi dan Pembangunan
Publisher : Economic Research Center, the Indonesian Institute of Sciences (P2E-LIPI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14203/JEP.30.1.2022.31-46

Abstract

Exports generate foreign exchange that can be used for economic activities. On the other hand, imports also give households and companies more choices in consuming goods. In other words, international trade provides advantages for each country. There have been many studies that attempt to empirically prove the relationship between export-import and economic growth. The aim of this study is to re-examine the relationship between exports, imports, and growth in the short run and long run in Indonesia. This study employed the Granger Causality test and VECM to find long-term and short-term respectively. This research used secondary data annually from 1980 to 2019. Result of this empirical study, we find correlating variables are GDP-Exports, GDP-Imports, and Imports-Exports in the long-term. These three long-term findings match the short-term findings explained by VECM modeling. According to these findings, the policy recommendation is Indonesia needs to import carefully because importing consumption goods is a sure way to deplete its own foreign exchange reserves. Second, based on our empirical found, importing intermediate goods can increase our export, so we suggest Indonesia should run substitution import strategy immediately
- Does electricity consumption influence economic growth in Indonesia? Vita Kartika Sari Sari
Jurnal Ekonomi dan Pembangunan Vol 30 No 1 (2022): Jurnal Ekonomi dan Pembangunan
Publisher : Economic Research Center, the Indonesian Institute of Sciences (P2E-LIPI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14203/JEP.30.1.2022.47-55

Abstract

The purpose of this study was to analyze the influence of electricity consumption, investment, and school enrollment on economic growth of Indonesia from 1984-2018. Electricity is used by society in every activity including production and consumption. This study used ARDL-ECM method. Based on the estimation results, all variables were stationary at the first difference. Based on the empirical findings, the appropriate ARDL model was ARDL (1, 2, 1, 1). In the long run, investment had a positive influence on economic growth and school enrollment had a negative influence on economic growth. Meanwhile, in the long run, electricity consumption is insignificant to the economic performance of Indonesia during the study period. However, in the short run, there was only investment had a significant and positive impact on economic growth in Indonesia. School enrollment and electricity consumption had no significant influence on economic growth. Speed of adjustment (ECT (-1)) had a significant influence on GDP. With the Qusum and QusumQ tests, the model showed feasible stability. Therefore, more vigorous electricity policies should be implemented for supporting economic growth.
Dampak pandemi COVID-19 terhadap harga minyak dan pangan dunia: Analisis VECM Reninta Dewi Nugraheni, M.Sc.; Ika Inayah
Jurnal Ekonomi dan Pembangunan Vol 30 No 1 (2022): Jurnal Ekonomi dan Pembangunan
Publisher : Economic Research Center, the Indonesian Institute of Sciences (P2E-LIPI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14203/JEP.30.1.2022.15-29

Abstract

The study investigates the impacts of the COVID-19 pandemic on global oil price, global food price index, meat, and sugar commodity price index using vector error correction (VECM) model covering the sample period of 1st April 2020 to 31st August 2021. Data were collected mainly from WHO, FAO, and Macro Trend Websites. The result from VECM model indicates a strong cointegration relationship among the variables. In the short run, global oil price, meat price index, and sugar price index are negatively and significantly related to the COVID-19 pandemic. In the long run, the prices of these variables do not follow to the others, but there is negative reaction of global oil prices to meat and sugar price index. The COVID-19 pandemic increased the meat and sugar price index, but not significantly at the 5% level.
The Effect of Investment, National Government Expenditure, Exports, and Imports on Indonesia’s Economic Growth daniel eka bonokeling; Maimun Sholeh; Mispandi Mispandi
Jurnal Ekonomi dan Pembangunan Vol 30 No 1 (2022): Jurnal Ekonomi dan Pembangunan
Publisher : Economic Research Center, the Indonesian Institute of Sciences (P2E-LIPI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14203/JEP.30.1.2022.56-69

Abstract

This study aims to see the effect of investment, government expenditure, exports, and imports on Indonesia’s economic growth. The type of this research is quantitative. This research was conducted using secondary data published by the World Bank. The data technique used is the documentation method. The data were analyzed through the Error Correction Model (ECM). The research period was annually from 1960 to 2018. The results of this study indicate as follows. (1) in the long term, investment negatively and significantly affects Indonesia’s economic growth with a value of -0.02% with a significance value (p) < 0.05; in the short term, investment negatively and insignificantly affects Indonesia’s economic growth with a value of -0.001% with a significance value (p) < 0.05. (2) In the long term, government control positively and significantly affects Indonesia’s economic growth by 7.75% with a significance value (p) < 0.05; in the short term, government spending positively and significantly affects Indonesia’s economic growth by 7.75% with a significance value (p) < 0.05. (3) In the long run, exports negatively and insignificantly affect Indonesia’s economic growth by 0.12% with a significance value (p) < 0.05; in the short term, exports are negatively and significantly affected by -0.93% with a significance value (p) < 0.10. (4) In the long term, imports positively and significantly affect economic growth by 1.53% with a significance value (p) < 0.05; then, in the short term, imports also positively and significantly affect economic growth by 1.57% with a significance value (p) < 0.05. (5) Simultaneously, investment, government expenditure, exports, and imports positively and significantly impact Indonesia’s economic growth, with an F- statistic value of 0.0000.
THE CONSUMPTION EFFECT OF HOUSEHOLD DEBT: EVIDENCE FROM INDONESIA Pihri Buhaerah
Jurnal Ekonomi dan Pembangunan Vol 30 No 1 (2022): Jurnal Ekonomi dan Pembangunan
Publisher : Economic Research Center, the Indonesian Institute of Sciences (P2E-LIPI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14203/JEP.30.1.2022.70-81

Abstract

This paper empirically examines the relationship between household debt and household consumption growth in Indonesia using the ARDL model. This paper employs quarterly time series data on Indonesian household consumption expenditures and household debt from 2002 to 2017. The results of regression analysis showed negative relationships between household debt and consumption growth in the long run, while positive linkage was found in the short run. Specifically, in the long run, a 10 percentage points increase in household debt was associated with decreasing household consumption growth by 6 percent. In contrast, in the short-run, a 10 percent increase in household debt was associated with increasing consumption growth by 29 percentage points. Thus, although the effect of household debt on consumption growth is positive in the short term, it is negative in the long term. Interestingly, the positive effect is seen to decrease when the ratio of household debt to GDP is above 12.2 percent.

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