Jurnal Ekonomi Pembangunan
Jurnal Ekonomi Pembangunan is a peer-reviewed journal that provides a forum for scientific works pertaining to Development Economics. Published twice in a year (June and December). This Journal has p-ISSN 1829-5843, and e-ISSN 2685-0788. This journal was first published since June 2003 by the Department of Development Economics, Faculty of Economics, Universitas Sriwijaya. Editors receive manuscripts of unpublished paper contributions in other journals. JEP is expected to be used as a reference for academicians in writing a scientific, relevant, and dynamic article to enhance the new generation that is found in writing an academic paper.
Articles
234 Documents
<![CDATA[Assessing Fiscal Sustainability in Indonesia: Error Correction Mechanism Diagnostic ]]>
<![CDATA[Gabriella Deby Laura]]>;
<![CDATA[Rahmania Nur Chasanah]]>;
<![CDATA[Nafisatul Faridah]]>;
<![CDATA[Fitri Kartiasih]]>
<![CDATA[ Jurnal Ekonomi Pembangunan Vol 21, No 1 (2023): Jurnal Ekonomi Pembangunan ]]>
Publisher : <![CDATA[Department of Development Economics, Universitas Sriwijaya ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.29259/jep.v21i1.19624
<![CDATA[Indonesia's debt is increasing and is not controlled properly, which will result in a fiscal budget deficit. This study aims to determine the condition of fiscal sustainability in Indonesia by looking at the factors that affect the debt-to-GDP ratio in 2012 Quarter I to 2022 Quarter II. Fiscal sustainability can be seen from the debt-to-GDP ratio proxy variable and the independent variables used are the previous quarter's debt ratio, economic growth, inflation, and the exchange rate. This research is a qualitative type with a brief descriptive about the state of the debt ratio and the variables that influence it and quantitatively using the Error Correction Mechanism (ECM) using statistical software called EViews. The results show that in the long term the debt-to-GDP ratio in Indonesia is significantly influenced by the previous quarter's debt ratio, economic growth, inflation, and the exchange rate. Meanwhile, in the short term, changes in the debt to GDP ratio are significantly influenced by changes in the debt ratio in the previous quarter, changes in economic growth, and changes in inflation.]]>
<![CDATA[The Effectiveness of Islamic Capital Market Securities in Supporting MSMEs Working Capital Financing ]]>
<![CDATA[Fera Widyanata]]>;
<![CDATA[Ahmad Syathiri]]>;
<![CDATA[Nia Meitisari]]>;
<![CDATA[Asfeni Nurullah]]>
<![CDATA[ Jurnal Ekonomi Pembangunan Vol 21, No 1 (2023): Jurnal Ekonomi Pembangunan ]]>
Publisher : <![CDATA[Department of Development Economics, Universitas Sriwijaya ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.29259/jep.v21i1.19309
<![CDATA[This study was undertaken to determine how effective Islamic Capital Market Securities, namely the issuance of subordinated sukuk and others sukuk in Islamic banking, are on the quantity of working capital financing distribution to MSMEs in Indonesia. By using monthly time series secondary data and multiple linear regression analysis techniques, it was found that the issuance of subordinated sukuk and others sukuk had a significant positive effect on increasing the quantity of working capital financing distribution to MSMEs. It can be concluded that the policy of Islamic banking to issue Islamic Capital Market Securities effectively supports the increase in the working capital of MSMEs.]]>
<![CDATA[Identifying Factors Influencing Urbanization in Denpasar City ]]>
<![CDATA[Gde Indra Surya Diputra]]>;
<![CDATA[I Made Risma M. Arsha]]>
<![CDATA[ Jurnal Ekonomi Pembangunan Vol 21, No 1 (2023): Jurnal Ekonomi Pembangunan ]]>
Publisher : <![CDATA[Department of Development Economics, Universitas Sriwijaya ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.29259/jep.v21i1.19749
<![CDATA[Urbanization has both positive and negative impacts on an area. This study aims to analyze the relationship between GRDP, district minimum wages, and labor participation with urbanization in Denpasar City. The research method used is multiple linear regression analysis using GRDP data, district minimum wages and labor participation in 2010 - 2020 and processed with SPSS version 25.0 with a determined significance level of 95% (p <0.05). The results of the study show that the Gross Regional Domestic Product (GRDP), district minimum wages and labor participation affect urbanization partially and simultaneously with probability (p<0.05). Testing the level of correlation with the Adjusted R Square of 0.999 (99.9%) gross regional domestic product (GRDP), district minimum wages and labor participation have a very strong influence on urbanization in Denpasar City. Socio-economic disparities, inadequate infrastructure, low industrialization, low job availability, low wages, and inadequate social networks increase the desire for urbanization. The practical implication of this research is to increase economic growth and equity in controlled urbanization areas as a solution to accelerating economic development.]]>
<![CDATA[Do Financial Deepening, Government Spending, and Unemployment Benefit Poverty Reduction in Indonesia? ]]>
<![CDATA[Elya Florennica]]>;
<![CDATA[Ratu Eva Febriani]]>
<![CDATA[ Jurnal Ekonomi Pembangunan Vol 20, No 2 (2022): Jurnal Ekonomi Pembangunan ]]>
Publisher : <![CDATA[Department of Development Economics, Universitas Sriwijaya ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.29259/jep.v20i2.18610
<![CDATA[Poverty is classic problem faced in anycountry, various policies are carried out to reduce poverty to prosper the community. This study aims to analyze the effect of financial deepening, government spending, and unemployment on poverty in Indonesia. Observations were made in 33 provinces in Indonesia during the period 2012-2020. The model used is a panel data regression with fixed effect model. The results of this study indicate the financial deepening has a negative and significant effect on poverty, government spending has a negative and significant effect on poverty, and unemployment has a positive and significant effect on poverty. The implication is necessary to increase the role of the financial sector in every province in Indonesia, especially areas that are still low in financial deepening, optimize and increase government spending so that it can create new jobs and reduce the unemployment rate and poverty.]]>
<![CDATA[Impact of ASEAN Plus Five Free Trade Area: Trade Creation and Trade Diversion ]]>
<![CDATA[Sony Vebiyanto]]>;
<![CDATA[Hastarini Dwi Atmanti]]>
<![CDATA[ Jurnal Ekonomi Pembangunan Vol 20, No 2 (2022): Jurnal Ekonomi Pembangunan ]]>
Publisher : <![CDATA[Department of Development Economics, Universitas Sriwijaya ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.29259/jep.v20i2.18718
<![CDATA[One of the ways to reduce international trade barriers is through the Free Trade Area (FTA). Collectively, ASEAN already has five FTAs with trading partners outside Southeast Asia. This study intends to analyze the effect of free trade agreements between ASEAN and China, South Korea, Japan, India, and Australia – New Zealand (ASEAN+5 FTA). The implications of an FTA are explained using the concepts of trade creation and trade diversion through economic integration. The trade gravity model is expanded with three dummy variables to determine whether trade creation and trade diversion occur in the formation of each of these FTAs. Static panel data regression is used to analyze the effect of Free Trade Agreements on intra-regional trade flows, export flows to non-members, and import flows from non-FTA members. The fixed effect model is applied to overcome endogeneity problems, while the PPML estimator is chosen to get the best estimation results amid heteroscedasticity and zero trade flow problems that usually occur in trade flows. Estimation results show that the trade creation effect occurs only in ACFTA and AIFTA, while other FTAs harm member countries through trade diversion. Therefore, further evaluation and efforts regarding the use of FTAs are needed to achieve the goals of FTAs.]]>
<![CDATA[The Link between Crude Palm Oil and Crude Oil Price in Various Periods of the Biodiesel Mandatory Policy in Indonesia ]]>
<![CDATA[Nency Febrina Limbong]]>;
<![CDATA[Alin Halimatussadiah]]>
<![CDATA[ Jurnal Ekonomi Pembangunan Vol 20, No 2 (2022): Jurnal Ekonomi Pembangunan ]]>
Publisher : <![CDATA[Department of Development Economics, Universitas Sriwijaya ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.29259/jep.v20i2.18475
<![CDATA[The biodiesel policy brought changes in the analysis of crude palm oil (CPO) prices. Supply and demand are no longer the main factors, but the correlation between CPO and crude oil prices. The main objective of this study is to provide an empirical study of the relationship between CPO and Indonesian Crude oil Price (ICP) in various periods of mandatory biodiesel policy in Indonesia. Using the Ordinary Least Square (OLS) method of time series data from 2001-2021, this study shows that in general CPO and ICP are positively and significantly correlated, but the price link is very dependent on the biodiesel policy that is implemented. ICP and CPO are positively and significantly correlated in the biodiesel mandatory period with limited subsidies (2006-2015) and in the biodiesel mandatory period with incentives which combined with progressive CPO export levies tariff (2020-2021). ICP and CPO are not correlated during the mandatory biodiesel period, combined with incentives and a fixed CPO export levy tariff (2016-2019). When CPO and ICP prices are strongly and significantly correlated, stock increases are not associated with a decrease in CPO prices. However, when the CPO and ICP prices are not significantly correlated, the stock increase is followed by a decrease in the CPO price. CPO price stabilization only occurs during the biodiesel mandatory period, combined with incentives and a fixed CPO export levy tariff.]]>
<![CDATA[The Impact of FDI and Economic Growth on Environmental Damage in Member Countries of the Organization of Islamic Cooperation ]]>
<![CDATA[Muhammad Fadhlan Shiddiq]]>;
<![CDATA[Taosige Wau]]>
<![CDATA[ Jurnal Ekonomi Pembangunan Vol 20, No 2 (2022): Jurnal Ekonomi Pembangunan ]]>
Publisher : <![CDATA[Department of Development Economics, Universitas Sriwijaya ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.29259/jep.v20i2.18807
<![CDATA[Global warming due to environmental damage is a serious problem for all countries in the world. The aim of this research is to analyze the impact of FDI and economic growth on environmental damage and to test the existence of the environmental Kuznets curve in Organization of Islamic Cooperation (OIC) member countries. This research uses secondary data that is a panel, consisting of 57 OIC member countries as a cross-sectional unit from 1998-2020. The data analysis method used in this research is a panel regression model with a fixed effect model (FEM) estimation method approach. This research found that foreign direct investment and economic growth have positive impacts and significant on environmental damage. This research also found that the environmental Kuznets curve hypothesis is also proven to exist in 57 OIC member countries. The policy implication that must be carried out is that the governments of OIC member countries must ensure that FDI which enters the country is FDI that uses environmentally friendly technology so that this FDI is not only good for the economy, but also good for the environment. Economic growth in society must also be accompanied by the increase of public awareness on the environment. This can be achieved through improvements in education. In this way, economic growth will have a good impact on the environment.]]>
<![CDATA[Reviewing the Impact of COVID-19 on the Performance of Small Industries in South Sumatra ]]>
<![CDATA[Mukhlis Mukhlis]]>;
<![CDATA[Bernadette Robiani]]>;
<![CDATA[Nazeli Adnan]]>;
<![CDATA[Hamira Hamira]]>;
<![CDATA[Dirta Pratama Atiyatna]]>
<![CDATA[ Jurnal Ekonomi Pembangunan Vol 20, No 2 (2022): Jurnal Ekonomi Pembangunan ]]>
Publisher : <![CDATA[Department of Development Economics, Universitas Sriwijaya ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.29259/jep.v20i2.19918
<![CDATA[In early 2020, the COVID-19 virus outbreak spread globally and had a negative impact on the economy. The large-scale social restriction policy implemented by the South Sumatra government to contain the development of the virus has had a negative impact on small industries. This study aims to analyze the impact of COVID-19 on small industries in South Sumatra Province. The data used are primary data from 60 samples of small industries and secondary data sourced from agencies. The analysis technique used is quantitative and qualitative analysis techniques. The results of the Wilcoxon signed test show that the COVID-19 pandemic has caused a decline in profits and labor in small industries in South Sumatra Province. Small industries have felt the negative impact of the presence of COVID-19 but they can still survive and it is easy for their businesses to get back on their feet. For this reason, various policies are needed to develop small industries in South Sumatra Province.]]>
<![CDATA[Revisiting the Impact of Density on Social Capital: A Study Case in the Capital City of Indonesia ]]>
<![CDATA[Usep Nugraha]]>;
<![CDATA[Rus’an Nasrudin]]>
<![CDATA[ Jurnal Ekonomi Pembangunan Vol 20, No 2 (2022): Jurnal Ekonomi Pembangunan ]]>
Publisher : <![CDATA[Department of Development Economics, Universitas Sriwijaya ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.29259/jep.v20i2.19214
<![CDATA[Density is an important indicator closely related to the rate of urbanisation in cities. Density alters social capital, yet the directions of the association remain an open empirical investigation. This study aims to analyse how density and social capital are related in Jakarta, the capital, and the most populous city in Indonesia. Utilising a simple regression and an entropy balance approach to address the selection issue, this study finds that an increase in density of 10 thousand inhabitants per square kilometre is associated with a 2% higher possibility of societies having high social capital. The result is also robust using another definition of social capital and transformation of density variable. A policy recommendation that can be taken based on this study’s results is that the government can design dense urban planning as a model of sustainable urban design, particularly the sustainability in social aspects.]]>
<![CDATA[COVID-19 Social Assistance Program and Poverty: Evidence from Indonesia ]]>
<![CDATA[Sri Juli Asdiyanti Samuda]]>;
<![CDATA[Erna Suprihartiningsih]]>
<![CDATA[ Jurnal Ekonomi Pembangunan Vol 20, No 2 (2022): Jurnal Ekonomi Pembangunan ]]>
Publisher : <![CDATA[Department of Development Economics, Universitas Sriwijaya ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.29259/jep.v20i2.19088
<![CDATA[The COVID-19 pandemic and policy response caused widespread disruptions to Indonesia's economy. Besides prioritizing saving people's lives during the COVID-19 pandemic, the government's focus is also to minimize the negative economic impact of the pandemic, including allocating social assistance programs to support household well-being. This study examines the role of COVID-19 social assistance programs in protecting households from falling into poverty during the COVID-19 pandemic. Using a longitudinal dataset from SUSENAS March and September 2020, this study employs difference-in-difference estimation with a conditional logit model to estimate the impact of COVID-19 social assistance programs on household poverty status. The result shows that the COVID-19 social assistance programs positively prevent households from becoming poor during the COVID-19 pandemic.]]>
