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Contact Name
Betty Silfia Ayu Utami
Contact Email
oje@uinsby.ac.id
Phone
+6282124385143
Journal Mail Official
oje@uinsa.ac.id
Editorial Address
Kampus Fakultas Ekonomi dan Bisnis Islam UIN Sunan Ampel Surabaya Jl. Jend. A. Yani 117 Surabaya 60237 E-Mail: oje@uinsby.ac.id Telp. (031) 8417198 Fax. (031) 8418457
Location
Kota surabaya,
Jawa timur
INDONESIA
Oeconomicus Journal of Economics
ISSN : 25486004     EISSN : 27154882     DOI : https://doi.org/10.15642/oje
Oeconomicus Journal of Economics merupakan jurnal online yang bersifat open access. OJE sebagai ruang terbuka bagi debat dan diskusi tentang ilmu ekonomi dan ekonomi terapan. OJE merupakan ruang hidup bagi tumbuh dan berkembangnya cita-cita integrasi atau penyatuan ilmu-ilmu keislaman, sosial-humaniora, serta sains dan teknologi sebagaimana tergambar dalam paradigma filosofis integrated twin towers UIN Sunan Ampel Surabaya. Oeconomicus Journal of Economics diterbitkan dua kali setahun (Juni dan Desember) oleh Program Studi Ilmu Ekonomi, Fakultas Ekonomi dan Bisnis Islam, UIN Sunan Ampel Surabaya. Oeconomicus Journal of Economics berfokus pada topik atau tema yang terkait dengan berbagai aspek dari ilmu ekonomi, sebagai berikut : Perencanaan Pembangunan Ekonomi Regional dan Ekonomi Perkotaan Ekonomi Industri Ekonomi Publik Ekonomi Moneter dan Perbankan Ekonomi Internasional Bisnis dan Keuangan Ekonomi Islam
Articles 216 Documents
IMPLEMENTATION OF THE YBM PLN ZAKAT PROGRAM AS AN EFFORT TO REDUCE POVERTY: IMPLEMENTATION OF THE YBM PLN ZAKAT PROGRAM AS AN EFFORT TO REDUCE POVERTY Salim, Amir; Roby Candra Yudha, Ana Toni; Masruchin; Hamka Lubis, Rusdi; Purnamasari, Anggun
OECONOMICUS Journal of Economics Vol. 10 No. 2 (2026): (June) edisi 20
Publisher : Program Studi Ilmu Ekonomi UIN Sunan Ampel Surabaya

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Abstract

In fact, the problem of poverty has not been resolved to date. The State Electricity Company Baitul Maal Foundation (YBM PLN) in its zakat program provides assistance efforts to reduce the level of poverty in the city of Palembang. From the results of observations it is known that the management of zakat funds carried out in the YBM PLN program is productive and consumptive zakat funds, which the program is a gift from. business capital and school scholarships to the needy and poor. This research is a type of qualitative research. Data collection techniques use Observation, Interview, Documentation methods. From the research results, the strategy implemented by YBM PLN can help the welfare of the community with the existence of a productive and consumptive zakat program managed by YBM in PT. PLN (Persero) UIP3B UPT Palembang.
SECTORAL DECOMPOSITION ANALYSIS: THE CONTRIBUTION OF THE TOURISM SECTOR TO EAST JAVA'S GRDP THROUGH TOURIST, HOTEL, AND RESTAURANT COMPONENTS : ANALISIS DEKOMPOSISI SEKTORAL: KONTRIBUSI SEKTOR PARIWISATA MELALUI KOMPONEN WISATAWAN, PERHOTELAN, DAN RESTORAN TERHADAP PDRB JAWA TIMUR Istiandari, Debby Nindya; Juventi, Meilani Dwi; Adhitya, Bagus; Fatmawati, Anisa; Zumaeroh, Zumaeroh
OECONOMICUS Journal of Economics Vol. 10 No. 2 (2026): (June) edisi 20
Publisher : Program Studi Ilmu Ekonomi UIN Sunan Ampel Surabaya

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Abstract

This study examines the influence of the tourism sector on the Gross Regional Domestic Product (GRDP) of East Java Province. Given that tourism is a crucial sector in driving regional economic growth through its contributions to local revenue, employment, and investment, this research aims to analyze the impacts of tourist arrivals, hotel counts, and restaurant numbers on GRDP to support effective tourism development policies. Adopting a quantitative approach, the study utilizes secondary panel data consisting of 190 observations across several regencies and cities in East Java for the 2018–2022 period, sourced from the Department of Culture and Tourism and the Central Statistics Agency of East Java Province. Data analysis was conducted using EViews 10 software with the Fixed Effects Model (FEM) method to examine the relationships between the independent variables and the dependent variable (GRDP). The results demonstrate that simultaneously, tourist arrivals, hotel counts, and restaurant numbers significantly influence GRDP. Partially, each independent variable also has a significant effect on GRDP. These findings confirm the important role of tourism sector development in regional economic growth.
PRODUCTION COSTS AND COST OF GOODS SOLD AS DETERMINANTS OF NET PROFIT: EMPIRICAL EVIDENCE FROM PULP AND PAPER MANUFACTURING COMPANIES ON THE IDX fitriani; mahfudhotin; dhiya'u shidiqy
OECONOMICUS Journal of Economics Vol. 10 No. 2 (2026): (June) edisi 20
Publisher : Program Studi Ilmu Ekonomi UIN Sunan Ampel Surabaya

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Abstract

Indonesia became the first ASEAN country to become an official partner of Hannover Messe three times, confirming its position as an emerging economic power and a major player in the global manufacturing industry. One of the strategic sectors that supports this position is the pulp and paper industry, where Indonesia ranks eighth in the world in pulp production and sixth in paper production. This study aims to determine Production Costs, Cost of Goods Sold (COGS), and Net Profit, and analyze the effect of Production Costs and COGS on Net Profit, both partially and simultaneously, in pulp and paper subsector manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the period 2016–2024. The research method uses a quantitative approach with panel data processed through the EViews 13 application. From a population of 180 manufacturing companies on the IDX, 4 companies were selected by purposive sampling, namely PT Alkindo Naratama Tbk (ALDO), PT Indah Kiat Pulp & Paper Tbk (INKP), PT Suparma Tbk (SPMA), and PT Pabrik Kertas Tjiwi Kimia Tbk (TKIM), resulting in 36 observations. The Random Effect Model (REM) was selected as the best model. The results of the study indicate that Production Costs and COGS significantly influence Net Profit, both partially and simultaneously. The coefficient of determination shows an influence of 22.31%, while 77.69% is influenced by other variables outside the model.
REALIZING SUSTAINABLE ECONOMY AND ACHIEVING THE 8TH SDGS THROUGH CAPITAL MARKET INVESTMENT EVENT STUDY: english Ilmi, Muhammad Auliya' Nurul Ilmi; Hilmi Abiyya Labiib Wardhana; Muhammad Yusril Ihza Mahendra; Ade Irma Suryani Lating
OECONOMICUS Journal of Economics Vol. 10 No. 2 (2026): (June) edisi 20
Publisher : Program Studi Ilmu Ekonomi UIN Sunan Ampel Surabaya

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Abstract

This study analyzes the impact of the 2024 Indonesian Presidential Inauguration on the IDX ESG Leaders index (IDXESGL) by evaluating changes in market capitalization, trading volume activity, and abnormal returns, as well as its implications for sustainable economy and the 8th SDGs. This research departs from the importance of a sustainable economy, where political factors, especially presidential inauguration, can affect the stock market, especially the ESG-based IDXESGL index (Environmental, Social, and Governance). The novelty of this research lies in analyzing the impact of politics on IDXESGL, which has not been widely studied, as well as its relation to signaling theory. xThis study analyzed Indonesia Stock Exchange data for 14 trading days and tested differences using the Wilcoxon Signed Rank Test. The results show a significant decrease in market capitalization and abnormal return, as well as an insignificant decrease in trading volume activity, which reflects the negative market reaction to political uncertainty, so that adaptive strategies are needed from investors, government.
PRODUCTION COSTS AND COST OF GOODS SOLD AS DETERMINANTS OF NET PROFIT: EMPIRICAL EVIDENCE FROM PULP AND PAPER MANUFACTURING COMPANIES ON THE IDX fitriani; Mahfudhotin; Dhiya’u Shidiqy
OECONOMICUS Journal of Economics Vol. 10 No. 2 (2026): (June) edisi 20
Publisher : Program Studi Ilmu Ekonomi UIN Sunan Ampel Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Indonesia became the first ASEAN country to become an official partner of Hannover Messe three times, confirming its position as an emerging economic power and a major player in the global manufacturing industry. One of the strategic sectors that supports this position is the pulp and paper industry, where Indonesia ranks eighth in the world in pulp production and sixth in paper production. This study aims to determine Production Costs, Cost of Goods Sold (COGS), and Net Profit, and analyze the effect of Production Costs and COGS on Net Profit, both partially and simultaneously, in pulp and paper subsector manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the period 2016–2024. The research method uses a quantitative approach with panel data processed through the EViews 13 application. From a population of 180 manufacturing companies on the IDX, 4 companies were selected by purposive sampling, namely PT Alkindo Naratama Tbk (ALDO), PT Indah Kiat Pulp & Paper Tbk (INKP), PT Suparma Tbk (SPMA), and PT Pabrik Kertas Tjiwi Kimia Tbk (TKIM), resulting in 36 observations. The Random Effect Model (REM) was selected as the best model. The results of the study indicate that Production Costs and COGS significantly influence Net Profit, both partially and simultaneously. The coefficient of determination shows an influence of 22.31%, while 77.69% is influenced by other variables outside the model.
ANALYSIS OF THE IMPACT OF GROSS DOMESTIC PRODUCT, HOUSEHOLD CONSUMPTON, AND INVESTMENT ON ECONOMIC GROWTH IN INDONESIA 2020-2025 Nurul Haqi, Muhammad; Wiji Utami, Hapsari
OECONOMICUS Journal of Economics Vol. 10 No. 2 (2026): (June) edisi 20
Publisher : Program Studi Ilmu Ekonomi UIN Sunan Ampel Surabaya

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Abstract

Economic growth is a fundamental indicator for measuring the success of a country’s national development. However, the fluctuating economic dynamics during the 2020-2025 period necessitate an in-depth analysis of the determinant factors that influence it. Background Problems: The Indonesian economy experienced substantial fluctuations during 2020–2025, particularly following the COVID-19 pandemic, the global commodity price boom, economic normalization, and political and governmental transitions. Novelty: examining the dynamic and potentially bidirectional relationships among GDP, household consumption, investment, and economic growth in Indonesia using a VECM framework rather than relying solely on static linear regression. Research Methods: This study employed a quantitative, descriptive-associative. Quarterly data were prepared through interpolation and analyzed using Vector Error Correction Model (VECM). Finding/Results: The findings show that GDP has a positive and significant effect on economic growth in the short run, but a negative and significant effect in the long run. Household consumption has no significant effect in the short run but has a positive and significant effect in the long run, while investment has no significant effect in either the short or long run. Conclusion: The main implication is that macroeconomic policy should not rely on a simple one-directional or static relationship between aggregate economic variables. Policy should consider the interaction among GDP, household consumption, and investment, as well as the time required for economic adjustments. The key takeaway is that maintaining household purchasing power and managing the interaction among major components of the economy are important for sustaining Indonesia’s long-run economic growth.