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Contact Name
Wahyu Pramono
Contact Email
wahyupramono81@gmail.com
Phone
+6281298281995
Journal Mail Official
jei@isei.or.id
Editorial Address
ISEI Pusat Office, Jalan Daksa IV No. 9, Kebayoran Baru, Jakarta
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Kota adm. jakarta selatan,
Dki jakarta
INDONESIA
Jurnal Ekonomi Indonesia
ISSN : 08541507     EISSN : 2721222X     DOI : -
Core Subject : Economy,
Jurnal Ekonomi Indonesia is a journal published by Ikatan Sarjana Ekonomi Indonesia (ISEI) consists of academic articles on various subject areas including monetary and macroprudential regulation, finance and banking system, international economics, development economics, environmental and natural resource economics. All contents and research studies in the articles of this journal are entirely become the responsibility of the authors and do not represent ISEI’s views.
Articles 6 Documents
Search results for , issue "Vol 14 No 2 (2025): August" : 6 Documents clear
Central bank transparency and green innovation policy in Indonesia Alim, Muhammad Birrul; Setiyantono, Aulia Pamasa; Maqfiroh, Selvi
Jurnal Ikatan Sarjana Ekonomi Indonesia Vol 14 No 2 (2025): August
Publisher : Jurnal Ekonomi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52813/jei.v14i2.557

Abstract

A green economy is a sustainable and environmentally friendly development model. The green economy is expected to improve people's welfare without compromising the quality of the environment and natural resources. The purpose of this study is to determine the long-term and short-term relationship between monetary variables, namely interest rates, broad money, and central bank transparency, on the green economy in Indonesia. This study uses ARDL analysis with a sample period of 1999Q1 to 2019Q4. The results of short-term ARDL research show that green innovation is significantly influenced by innovation in the previous period, interest rates, and central bank transparency. Green innovation tends to increase when influenced by past performance and accommodative monetary policy, although some factors show the opposite impact in specific periods. Meanwhile, the effect of money supply on green innovation is dynamic, initially showing a significant positive impact in the short term but becoming negative in the subsequent period. Central bank transparency is also significant, with a positive direction in lag one and a negative in lag 2.
Simpson index and food security: The case study of Kalimantan Murjani, Ahmadi; Wiratama, Budhi Fatanza
Jurnal Ikatan Sarjana Ekonomi Indonesia Vol 14 No 2 (2025): August
Publisher : Jurnal Ekonomi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52813/jei.v14i2.559

Abstract

Dietary diversity is a reliable indicator of food security. This study examines diversity in consumption through the Simpson Index using the food expenditure approach at the regency and city levels in Indonesia, with a particular focus on Kalimantan, the location of the new capital city, Nusantara. Further analysis explores the relationship between dietary diversity and food inflation, a key aspect of food security. The data used to develop the index is drawn from the National Socio-Economic Survey (SUSENAS) conducted by Statistics Indonesia from 2020 to 2023. Food inflation modeling was performed using the Threshold Panel Regression method on data from 90 cities. The findings suggest that concerted efforts are required to enhance food diversity in the supporting regions around IKN, particularly in South Kalimantan, which exhibits a relatively lower Simpson Index compared to other areas in Kalimantan. Moreover, the Simpson Index achievement has a significant impact on reducing food inflation rates, indicating its potential as a tool for monitoring and evaluating food price fluctuations, which are critical for maintaining economic access to national food security.
Hitting the bullseye: How does aggregate demand shape inflation targeting? Yasin, Mohammad Zeqi; Adli, Fichrie Fachrowi
Jurnal Ikatan Sarjana Ekonomi Indonesia Vol 14 No 2 (2025): August
Publisher : Jurnal Ekonomi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52813/jei.v14i2.560

Abstract

We aim to determine whether components of aggregate demand contribute to regional inflation reaching the threshold level. By using regional-level datasets of Indonesian cities from 2010 to 2023 with Logit and Tobit estimates, we reveal that the pandemic conditions influence the behaviour of aggregate demand components in achieving the inflation targeting level in cities. We show that household spending during the pandemic (in 2020 and afterwards) stimulates cities to reach the inflation targeting level. Likewise, gross fixed capital formation (GFCF) and government spending also increase the probability of the cities reaching inflation targets during the pandemic periods. However, there is no significant effect of exports during the pandemic in helping cities reach the inflation threshold. This finding is corroborated by the estimation of inflation gap reduction, where only household consumption, GFCF, and government spending contribute to the reduction of cities’ inflation gap towards the national targeting level. Our finding delivers policy implications, notably on how each city can achieve the national inflation targeting level.
Do the sticky floor and glass ceiling phenomena persist in the Indonesian labour force after the pandemic? Ruslan, Kadir; Sukma, Weni Lidya
Jurnal Ikatan Sarjana Ekonomi Indonesia Vol 14 No 2 (2025): August
Publisher : Jurnal Ekonomi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52813/jei.v14i2.567

Abstract

Our study aims to examine the evolution of gender wage gaps and their decomposition by employment status in Indonesia during the pre-pandemic, pandemic, and post-pandemic periods, using SAKERNAS data from 2018 to 2023. The OLS and RIF-OLS regression estimations reveal that gender wage gaps remained substantial throughout these periods. On average, female employees earned about 30 percent less than their male counterparts, which decreased to 23 percent after controlling for other wage-related characteristics. Notably, the gap is particularly pronounced among underemployed and low-paid workers, where female employees earn approximately 40 percent to 50 percent less than their male counterparts. Decomposition results using Blinder-Oaxaca and RIF-Oaxaca methods, both at the mean and across the wage distribution, pointed out that most of the gap is due to unexplained factors, confirming the persistence of the sticky floor and glass ceiling phenomena. This suggests ongoing negative discrimination against female employees in the Indonesian labor market. Among observable characteristics, working experience, tenure, and working hours significantly contributed to the wage gap, with women generally lagging behind men in these areas. However, women’s higher educational attainment, greater participation in the formal sector, access to training, and prevalence in white-collar jobs significantly helped reduce the wage gaps.
Digital rupiah: Are Indonesians ready? Widodo, Kharisma Dwi; Juanda, Bambang; Setyowawan, Dwi; Lutfiyah, Dinda
Jurnal Ikatan Sarjana Ekonomi Indonesia Vol 14 No 2 (2025): August
Publisher : Jurnal Ekonomi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52813/jei.v14i2.556

Abstract

Bank Indonesia has attempted to calibrate its policy approach to adopting a Central Bank Digital Currency (CBDC) called Rupiah Digital through the Garuda project, as an effort to address the issue of shadow banking that has developed into a shadow currency issue and even a shadow central banking issue. This study aims to determine the characteristics of digital banking users in Indonesia regarding the use of Central Bank Digital Currency (CBDC). This study was examined using panel data regression analysis and then confirmed using Structural Equation Model-Partial Least Structural (SEM-PLS) analysis. The results show that socioeconomics (digital use), digital literacy, digital access, and digital security influence CBDC implementation in Indonesia. Furthermore, Indonesian society is ready to accept and use CBDC (r-CBDC). However, the implementation must be gradual because socioeconomics (digital use), digital literacy, digital access, and digital security in Indonesia are not evenly distributed and are still centered on the island of Java.
Is the bank credit able to accelerate economic transformation? A multivariate modeling of key sectors in Indonesia Anam, Yongky Choirul; Lubis, Deltha Airuzsh
Jurnal Ikatan Sarjana Ekonomi Indonesia Vol 14 No 2 (2025): August
Publisher : Jurnal Ekonomi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52813/jei.v14i2.571

Abstract

This study assess how credit provision to MSMEs by sector impacts sectoral economic growth (manufacturing, retail and wholesale trades, transportation, accommodation and food beverage providing, company services, and others services) in 34 provinces in Indonesia, using control variables (population, workforce, and digitalization), as well as dummy variables before and during the COVID-19 pandemic and the economic recovery period. The results of a multivariate regression analysis indicate that credit provision to MSMEs in a sector has a unique effect on other sectors. Interestingly, digitalization has a dominant impact on the Indonesian economy. Priority policies aimed at transforming the national and regional economies can be effectively implemented by providing capital stimulus in the form of business credit to MSMEs, particularly in Indonesia’s leading sectors, and by optimizing the development of ICT facilities and infrastructure.

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