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<![CDATA[Determinants of Economic Dynamism among the 22 Municipalities in the Philippines ]]>
<![CDATA[Capulong, Charlyn M.]]>;
<![CDATA[Abing, Martha Joy J.]]>;
<![CDATA[Teves, Maria Rizalia Y.]]>;
<![CDATA[Babanto, Gerrich Aldin C.]]>
<![CDATA[ Journal of Economics Research and Social Sciences Vol. 8 No. 2: August 2024 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta ]]>
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DOI: 10.18196/jerss.v8i2.20952
<![CDATA[This study was conducted to identify the determinants of economic dynamism as proxy to investment climate of the 22 Municipalities in the Philippines. The variables namely infrastructure pillar, government efficiency pillar, and resiliency pillar from the Cities and Municipalities Competitiveness (CMCI) Survey are the independent variables considered in the study. Using panel regression in the analysis, the results show that economic dynamism is significantly driven by government efficiency and infrastructure pillars. Furthermore, the study revealed that economic dynamism scores of the Municipalities are increasing overtime as shown by the time effect component in the model. This suggests that the municipalities had improved their business climate over time, even during the pandemic. Based on the results, it is recommended that local government units (LGUs) focus on improving their performance under the indicators of government efficiency and infrastructure pillar to create a more business-friendly environment and attract more investors. Additionally, while the resiliency pillar did not show a statistically significant effect on economic dynamism, further review and enhancement of the indicators measuring resilience were suggested to better capture its impact.]]>
<![CDATA[The Effect of Green Bonds on Natural Capital Protection: Worldwide Evidence ]]>
<![CDATA[Tamula, Keziah Eunice]]>;
<![CDATA[Navidad, Nazh Claire]]>;
<![CDATA[Peregrino, Trishia Dianne]]>;
<![CDATA[Abing, Martha Joy Jalalon]]>;
<![CDATA[Teves, Maria Rizalia]]>;
<![CDATA[Capulong, Charlyn]]>;
<![CDATA[Laygan, Resa Mae]]>
<![CDATA[ Journal of Economics Research and Social Sciences Vol. 8 No. 2: August 2024 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta ]]>
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DOI: 10.18196/jerss.v8i2.21604
<![CDATA[The continued destruction of nature, including the degradation of natural capital and biodiversity, threatens ecosystem services and human well-being. Natural capital is crucial for providing the conditions necessary for human survival and ecosystem services. Without protecting natural capital, this degradation will have lasting effects on current and future generations. Existing studies increasingly show that Green Bonds can finance environmental projects effectively, but few have examined their impact on natural capital protection. This study investigates the effect of Green Bonds on natural capital protection globally, using IMF Climate Data and World Bank data from 2019 to 2022. By applying the Green Investment theory and quantile-panel regression analysis, the results show that Green Bonds significantly enhance natural capital protection at the 25th and 50th percentiles. This indicates that countries can improve their natural capital protection through the issuance of Green Bonds. Moreover, the study finds that renewable energy positively correlates with natural capital protection, while population growth and total natural resource rents have negative impacts. Hence, this study recommends that governments prioritize the issuance of Green Bonds to fund environmental initiatives.]]>
<![CDATA[Assessing the Economic Value of The Hydropower Energy: The Role of Social Capital and Socio-economic Factors ]]>
<![CDATA[Ferico Firdauzi, Jovanka]]>;
<![CDATA[Saptutyningsih, Endah]]>;
<![CDATA[Boedirochminarni, Arfida]]>
<![CDATA[ Journal of Economics Research and Social Sciences Vol. 8 No. 2: August 2024 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta ]]>
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DOI: 10.18196/jerss.v8i2.21775
<![CDATA[A good strategy for dealing with environmental problems and improving environmental sustainability. This study examines the extent to which local communities in Yogyakarta, Kulon Progo area, Indonesia are willing to increase hydropower energy. The influence of social capital on people's willingness to get involved was studied using a logistic regression model. Based on the findings, 95% of residents are likely to make financial contributions to improve hydropower energy facilities. Increased social capital, consisting of strong interpersonal relationships, community involvement, and trust, is strongly associated with this engagement. This study adds to the literature by emphasizing the possible function of social capital in the process of adjustment to changes in renewable energy from hydropower energy in households.]]>
<![CDATA[Materialism and Tourism Brand Attachment in Influencing Compulsive Buying for Generations Y And Z Travel in the Post-Covid 19 Pandemic Period ]]>
<![CDATA[Sudiyanti, Sudiyanti]]>;
<![CDATA[Praharjo, Ardik]]>;
<![CDATA[Parwati, Kardina Yudha]]>;
<![CDATA[Alam, Aminullah]]>
<![CDATA[ Journal of Economics Research and Social Sciences Vol. 8 No. 2: August 2024 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta ]]>
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DOI: 10.18196/jerss.v8i2.21994
<![CDATA[This study examines the effect of materialism and tourism brand attachment on compulsive buying behavior for travel among Generations Y and Z in Indonesia during the post-COVID-19 period. It also explores the influence of destination image, perceived value, and ideal self-congruence on compulsive buying through materialism and brand attachment. A quantitative approach was employed, with data collected from 250 respondents and analyzed using Covariance-Based Structural Equation Modeling (CB-SEM). The results reveal that materialism has a significant effect on compulsive buying behavior, and tourism brand attachment further amplifies this relationship. Additionally, destination image and perceived value are found to reinforce materialistic tendencies, which subsequently drive impulsive travel-related purchases. These findings offer valuable insights for tourism marketers targeting younger travelers by focusing on emotional attachment and materialistic appeals to encourage travel decisions.]]>
<![CDATA[Analysis of the Development of E-Commerce Transactions in the 6 Highest Transaction Countries in Southeast Asia ]]>
<![CDATA[A'yun, Indanazulfa Qurrota]]>;
<![CDATA[Anggraini, Lusiana]]>;
<![CDATA[Asmara, Gea Dwi]]>;
<![CDATA[Khoirunnisa, Rikha Muftia]]>
<![CDATA[ Journal of Economics Research and Social Sciences Vol. 8 No. 2: August 2024 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta ]]>
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DOI: 10.18196/jerss.v8i2.22033
<![CDATA[The background of this study is driven by the significant growth of the internet, particularly in the Southeast Asian region, which has led to technological advancements and the emergence of e-commerce. E-commerce has become crucial for meeting consumer needs, highlighting the necessity to further enhance the potential of economic digitalization through e-commerce. This study aims to examine the impact of e-commerce development factors on the growth of e-commerce transaction values in six Southeast Asian countries. It utilizes secondary data sourced from the official e-Conomy SEA website and DataReportal. The research employs panel data regression analysis using the Random Effects Model (REM) approach. The findings indicate that increases in population, number of social media users, and mobile phone users significantly contribute to the growth of e-commerce transaction values, urging platform developers and policymakers to enhance digital infrastructure and marketing strategies to maximize the digital economy potential in Southeast Asia.]]>
<![CDATA[Integration of Stock Markets Between Indonesia and Its Major Trading Partners ]]>
<![CDATA[Yuliadi, Imamudin]]>;
<![CDATA[Murpratomo, Sunan Parakitri]]>;
<![CDATA[Kusumawardani, Dyah Titis]]>
<![CDATA[ Journal of Economics Research and Social Sciences Vol. 8 No. 2: August 2024 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta ]]>
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DOI: 10.18196/jerss.v8i2.22154
<![CDATA[The aim of this study is to analyse the integration between the emerging stock market of Indonesia and its major trading partners The Research methodology using VECM (Vector Error Correction Model) frameworks, (i.e., US, China, Japan, and Singapore) during the period of January 2016 to December 2018 with monthly data of the Indonesian stock market. The result of is this research found that the Indonesia stock market affected by its major trading partner in short term and long term. Indonesian market (JCI) responds to US market (DJIA) in positive (+) both in short run and long run. Meanwhile, Indonesian market (JCI) responds to Japan market (N225) in negative (-) only in the long run and not significant in the short run. However, China (SCI) and Singapore market (STI) are not significant in short run and long run. This research gap is to explain how the implications of the dynamics of one country's capital market affect the development of stock indexes in other countries. The benefits of this study are to explain the interaction between the dynamics of one capital market in a country and the capital markets of other countries so that appropriate macroeconomic policies can be formulated to anticipate economic effects that have the potential to cause uncertainty in the capital market. The implications of this study provide an overview of the relationship between the development of stock indexes in one country and another.]]>
<![CDATA[Determinants of Inflation in Indonesia: Do Changes in World Oil Prices Matter? ]]>
<![CDATA[Putri, Defani Ivena]]>;
<![CDATA[Arintoko, Arintoko]]>;
<![CDATA[Kadarwati, Nunik]]>;
<![CDATA[Firdauzi, Indrawan]]>
<![CDATA[ Journal of Economics Research and Social Sciences Vol. 8 No. 2: August 2024 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta ]]>
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DOI: 10.18196/jerss.v8i2.22626
<![CDATA[This research was conducted to investigate the effect of world oil prices, interest rates, and money supply on inflation in Indonesia. This study uses the Autoregressive Distributed Lag (ARDL) analysis method. The data used were monthly data from January 2014-May to 2022. The results show that interest rates do not significantly affect inflation in the short or long run. Money supply has a negative relationship with inflation in the short and long run. In the short term, world oil prices have a negative effect on inflation. Meanwhile, world oil prices have a positive and significant relationship with inflation in the long run. This finding implies that it is necessary to emphasize policies other than interest rates when controlling inflation, such as more straightforward bureaucratic policies, ease of investment services, and a more effective import trading system. Bank Indonesia should also remain consistent and focus on prudence when implementing macroeconomic policies. The government must also consider the timeframe for determining the oil price policy because it has different short-term and long-term effects.]]>
<![CDATA[The Effect of Economic Growth on The Human Development Index in Indonesia ]]>
<![CDATA[Asmara, Galuh Jati]]>;
<![CDATA[Asmara, Gea Dwi]]>;
<![CDATA[Saleh, Rahmat]]>
<![CDATA[ Journal of Economics Research and Social Sciences Vol. 8 No. 2: August 2024 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta ]]>
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DOI: 10.18196/jerss.v8i2.22627
<![CDATA[This study aims to test and analyze the effect of economic growth on the Human Development Index in 34 provinces in Indonesia. This research uses quantitative data methods. The independent variable used in this study is economic growth with control variables, namely poverty and population. The dependent variable used is the Human Development Index. The data type used is panel data, a combination of time series and cross-section. Time series data was obtained from 2015-2020, and cross-section data was obtained from 34 provinces in Indonesia. The data used is secondary data sourced from the Central Statistics Agency (BPS) report, especially from 2015 to 2020. Hypothesis testing in this study uses multiple linear regression with the Chow test, Hausman test, t-test, f-test, and coefficient of determination test. The results show that economic growth had no significant effect on the Human Development Index in Indonesia in 2015-2020, Ceteris Paribus. The control variables of poverty and population influence the Human Development Index. The poverty control variable has a significant negative effect, and the population control variable has a significant positive impact. This study contributes new empirical evidence to fill gaps and address inconsistencies in the existing literature on the relationship between economic growth and human development.]]>
<![CDATA[The Influence of Gross Regional Domestic Product Per Capita and Foreign Direct Investment on Income Inequality: An Empirical Study of 34 Provinces in Indonesia ]]>
<![CDATA[Maichal, Maichal]]>;
<![CDATA[Hartono, Powell Gian]]>;
<![CDATA[Firman, Afrizal]]>;
<![CDATA[Yudha, I Made Endra Kartika]]>
<![CDATA[ Journal of Economics Research and Social Sciences Vol. 8 No. 2: August 2024 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta ]]>
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DOI: 10.18196/jerss.v8i2.23256
<![CDATA[The study investigates the correlation between Gross Regional Domestic Product (GRDP) per capita, Foreign Direct Investment (FDI), and the Gini coefficient using panel data from 34 provinces in Indonesia from 2015 to 2023. A panel data regression analysis method was employed for data processing to optimize estimation results. The results obtained from the analysis using the Fixed Effects Model (FEM) consistently show strong positive outcomes. The findings imply a direct connection between higher GRDP per capita, increased FDI, and a higher Gini coefficient, suggesting that more significant foreign investment and higher per capita GDP contribute to increased income inequality across the Indonesian provinces. The study emphasizes the critical role of regional governments in addressing these disparities. It suggests strategies such as implementing regional policies to boost investment, enhancing infrastructure, creating more business opportunities, and promoting tourism. The proposal to establish the National Capital City (IKN) in East Kalimantan is presented as a long-term solution to reduce income inequality among the provinces.]]>
<![CDATA[Green Marketing and Purchase Intention for Fore Coffee Products ]]>
<![CDATA[Ismail, Taufiq]]>;
<![CDATA[Aldiansyah, Mohammad Wildan]]>
<![CDATA[ Journal of Economics Research and Social Sciences Vol. 8 No. 2: August 2024 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta ]]>
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DOI: 10.18196/jerss.v8i2.23282
<![CDATA[Green marketing for coffee products is explored for its role on purchase intention. As concern on environmental matters is raising, green marketing becomes an important part to drive customers purchase intention, more over it is in the trending business in Indonesia like coffee product. This is an explanatory research with quantitative approach that used dichotomous data and logistic regression to measure and analyze Guttman’s scale. The data used in this study are primary data obtained through questionnaires distributed directly to coffee drink consumers in Malang Raya, involving 216 respondents. The results show that green marketing simultaneously affects the purchase intention of Fore coffee drinks by 24.5%. All three variables are significant in encouraging purchase intention including green product, green promotion, and green place. Yet, green price as assumed to be more expensive is required to remain affordable. The implications of these findings are expected to deliver theoretical contribution on green marketing as price remains sensitive for customers; in addition, it also provides practical contribution on how a green company should address this issue.]]>
