cover
Contact Name
Sri Maulida
Contact Email
srimaulida@ulm.ac.id
Phone
-
Journal Mail Official
ecoplan@ulm.ac.id
Editorial Address
-
Location
Kota banjarmasin,
Kalimantan selatan
INDONESIA
ECOPLAN : JOURNAL OF ECONOMICS AND DEVELOPMENT STUDIES
ISSN : 26206102     EISSN : 26155575     DOI : -
Core Subject : Economy,
Ecoplan: Journal of Economics and Development Studies adalah Jurnal yang diterbitkan oleh Jurusan Ilmu Ekonomi dan Studi Pembangunan Fakultas Ekonomi dan Bisnis Universitas Lambung Mangkurat yang terbit dua kali dalam setahun pada bulan April dan Oktober.
Arjuna Subject : -
Articles 116 Documents
Analisis Empiris Dampak Kebijakan Fiskal Terhadap Pertumbuhan Ekonomi Di Kalimantan Tengah (2014–2023) Arituan, Bismart; Halim, Abdul; Subianto, Pratiwi
Ecoplan Vol 8 No 2 (2025)
Publisher : Jurusan Ilmu Ekonomi dan Studi Pembangunan Fakultas Ekonomi dan Bisnis Universitas Lambung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20527/ecoplan.v8i2.1173

Abstract

This study examines the impact of fiscal policy on economic growth in Central Kalimantan during the period 2014-2023. As a province rich in natural resources, Central Kalimantan faces challenges in optimizing fiscal policy to promote sustainable economic growth and reduce development disparities between regions. This research aims to evaluate the effectiveness of fiscal policy implementation, analyze the impact of budget allocation on leading economic sectors, and examine its influence on equitable economic development across regions. The research methodology employs a quantitative approach with panel data analysis for the period 2014-2023 covering 13 regencies and 1 city in Central Kalimantan. Based on the Hausman test results, the fixed effects model was selected as the best model with GRDP as the dependent variable and independent variables including capital expenditure, infrastructure spending, PAD, and transfer funds. The research results show a significant relationship between fiscal policy and economic growth with a capital expenditure elasticity coefficient of 0.284 and a multiplier effect of 1.42. The construction sector shows the highest elasticity (0.412) to capital expenditure, followed by manufacturing industry (0.385) and agriculture (0.276). Regional inequality analysis shows a decrease in the Williamson Index from 0.412 (2019) to 0.364 (2023). In conclusion, fiscal policy has a positive impact on regional economic growth but still requires optimization in terms of budget allocation, strengthening regional fiscal capacity, development equalization, and developing comprehensive monitoring systems.
Navigating Global Stock Volatility with The Integration of GARCH-VECM Models in The Disruption Era Rena, Melan; Mubarok, Faizul; Arifin, Andi Harmoko
Ecoplan Vol 8 No 2 (2025)
Publisher : Jurusan Ilmu Ekonomi dan Studi Pembangunan Fakultas Ekonomi dan Bisnis Universitas Lambung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20527/ecoplan.v8i2.1211

Abstract

The global advertising industry is undergoing structural transformation amid rapid digital disruption and economic uncertainty. This study examines the impact of technological disruption including the adoption of artificial intelligence (AI), big data, and automated advertising systems and digital economy indicators on the stock volatility of three multinational advertising companies: WPP plc (UK), Omnicom Group Inc. (US), and Dentsu Group Inc. (Japan). Using monthly data from 2008 up to 2024, the research employs a hybrid econometric approach integrating the Generalized Autoregressive Conditional Heteroskedasticity (GARCH) model to capture short-term volatility dynamics and the Vector Error Correction Model (VECM) to assess long-term equilibrium relationships among variables. Analyzed variables include technology indices (NASDAQ-100, FTSE Techmark, Nikkei-225), inflation (CPI), digital advertising expenditure, and revenue. The integrated GARCH-VECM model is evaluated against individual GARCH and VECM models using performance metrics such as MAE, RMSE, MAPE, confidence intervals, and cross-validation tests. Results show that technological disruption significantly increases stock volatility across all firms, while inflation effects vary depending on the country context. Sector-specific indicators, including digital advertising spending and revenue, exhibit limited short-term influence. Long-run cointegration is confirmed, particularly for WPP and Omnicom, indicating structural sensitivity to global digital transformation. The integrated GARCH-VECM model demonstrates superior predictive accuracy, stability, and robustness compared to single models. This study contributes novel empirical evidence and practical insights for effective risk management in the highly digitized and volatile advertising sector, benefiting policymakers, investors, and corporate strategists.
The Effect of Political Risk and Economic Stability on Foreign Direct Investment Flows in Asean-6 Azizah, Irtifa Umi; Aswad, Muhammad; Subagiyo, Rokhmat
Ecoplan Vol 8 No 2 (2025)
Publisher : Jurusan Ilmu Ekonomi dan Studi Pembangunan Fakultas Ekonomi dan Bisnis Universitas Lambung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20527/ecoplan.v8i2.1244

Abstract

This study analyzes the influence of political risk and economic stability on Foreign Direct Investment (FDI) inflows in six ASEAN countries (Indonesia, Malaysia, Singapore, the Philippines, Thailand, and Vietnam) during the period 2013–2023. A quantitative approach with a panel data regression method was employed, where the dependent variable is FDI inflows (in million USD), while the independent variables consist of control of corruption as an indicator of political risk, and GDP and inflation as indicators of economic stability. Data were obtained from the World Bank, IMF, and Worldwide Governance Indicators (WGI). The regression model was selected based on the Chow and Hausman tests, and the analysis was conducted using EViews software. The results show that control of corruption has a positive and significant effect on FDI, emphasizing the importance of good governance and anti-corruption efforts in building investor confidence. GDP also has a positive and significant effect on FDI, reflecting the role of strong economic growth as a major attraction for foreign investors. Meanwhile, inflation has no significant effect on FDI, indicating that investors tend to prioritize factors such as policy stability, infrastructure quality, and institutional effectiveness over short-term price fluctuations. From a policy perspective, the findings suggest that ASEAN countries should strengthen governance quality and foster a transparent investment environment free from corruption to enhance foreign capital inflows. In addition, governments need to maintain macroeconomic stability through effective fiscal and monetary coordination while improving infrastructure and human capital development to attract sustainable long-term investments.
Analisis Prioritas Strategi Penanggulangan Kemiskinan Kota Banjarmasin R, Rakhmatullah; Yunani, Ahmad; Nur, Muhammad Anshar; Nuryadin, Muhammad Rusmin
Ecoplan Vol 8 No 2 (2025)
Publisher : Jurusan Ilmu Ekonomi dan Studi Pembangunan Fakultas Ekonomi dan Bisnis Universitas Lambung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20527/ecoplan.v8i2.1256

Abstract

This study aims to comprehensively analyze and determine the priority strategies for poverty alleviation in Banjarmasin City, with a specific focus on cultural poverty, which remains the most dominant and deeply rooted form of poverty in the community. The research method combines Strengths, Weaknesses, Opportunities, Threats (SWOT) analysis and the Analytical Hierarchy Process (AHP). The SWOT approach is employed to identify various internal and external factors influencing the effectiveness of poverty alleviation programs, as well as to formulate relevant and applicable strategic alternatives. Meanwhile, the AHP method is utilized to determine the priority order of these strategies based on expert assessments and stakeholder evaluations who possess expertise in social and economic development. The data were collected through in-depth interviews with seven key informants actively involved in the planning, implementation, and evaluation of poverty alleviation programs in Banjarmasin City. The findings indicate that the priority strategies that need to be developed include strengthening community empowerment institutions, improving human resource capacity, and enhancing the poverty data system to ensure validity, accuracy, and inter-agency integration. Policy recommendations emphasize the importance of cross-sectoral synergy, collaboration among development actors, and the implementation of evidence-based policies to ensure that poverty alleviation efforts are more effective, sustainable, and have a tangible impact on society.
Determinan Ekspor Komoditas Crude Palm Oil (CPO) Indonesia ke Kawasan Uni Eropa Periode 2013-2023 Fazira, Nadia; Ayu, Putri
Ecoplan Vol 8 No 2 (2025)
Publisher : Jurusan Ilmu Ekonomi dan Studi Pembangunan Fakultas Ekonomi dan Bisnis Universitas Lambung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20527/ecoplan.v8i2.1276

Abstract

This study aims to analyze the factors influencing Indonesia’s crude palm oil (CPO) exports to the European Union during the 2013–2023 period. The research gap arises because most previous studies focused primarily on price and exchange rate factors without considering the impact of the European Union’s environmental regulations on CPO trade. To address potential endogeneity in world CPO prices, this study employs the Instrumental Variable Two-Stage Least Squares (IV/2SLS) approach, using rapeseed oil prices as an instrument. The independent variables include world CPO prices, the Rupiah–US Dollar exchange rate, the European Union Industrial Production Index (IPI), and the Renewable Energy Directive II (RED II) policy. The results reveal that world CPO prices have a positive and significant effect on Indonesia’s CPO exports to the European Union, while the exchange rate and IPI have no significant impact. Meanwhile, the RED II policy has a significant negative effect, reducing Indonesia’s CPO export value by nearly 98% compared to the period before the policy implementation. This study contributes empirically to the international trade literature by demonstrating that the European Union’s renewable energy policy has transformed into a form of green protectionism. In practical terms, the findings highlight the importance of downstream industry development, export market diversification, and strengthening trade diplomacy as key strategies for Indonesia to adapt to increasingly stringent global environmental regulations.
Menuju Digitalisasi Berdampak Inklusif di Papua Barat dan Papua Barat Daya: Sebuah Analisis Input-Output Miyazawa Murjani, Ahmadi
Ecoplan Vol 8 No 2 (2025)
Publisher : Jurusan Ilmu Ekonomi dan Studi Pembangunan Fakultas Ekonomi dan Bisnis Universitas Lambung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20527/ecoplan.v8i2.1284

Abstract

Digital transformation is one of the key drivers of economic growth; however, its impact on equitable development in West Papua and Southwest Papua remains underexplored, particularly at the regency level. This study aims to analyze the effects of digitalization on economic output growth and income distribution in West Papua and Southwest Papua using the Miyazawa Input-Output (IO) approach. The model integrates linkages across 17 sectors and households in 13 regencies, enabling the tracing of economic impacts both sectoral and spatial. The data include the West Papua IO Table 2016 updated to 2024, consumption patterns from Susenas, and income distribution from Sakernas. Simulations were conducted through five intervention scenarios involving digitalization alongside the strengthening of Agriculture, Construction, Financial and Insurance Services, Wholesale and Retail Trade, and Transportation and Warehousing, complemented by Theil Index analysis to measure interregional inequality. The results indicate that digitalization, particularly through the empowerment of MSMEs and digital financial services, generates higher output growth compared to other scenarios but tends to widen disparities in most cases. Conversely, scenarios incorporating logistics strengthening show more equitable income distribution across regencies, with significant improvements in areas such as Pegunungan Arfak, Maybrat, and Tambrauw. These findings highlight the importance of integrating digitalization with logistics enhancement to ensure that the benefits of development are distributed more inclusively and evenly.

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