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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 127 Documents
Marketing strategies for tourism development in frontier and outermost Talaud Islands Soegoto, Agus Supandi; Silaban, Daniel Peterson; Soeikromo, Deasy; Soegoto, Andini P.
Jurnal Ikatan Sarjana Ekonomi Indonesia Vol 15 No 1 (2026): April 2026
Publisher : Jurnal Ekonomi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52813/jei.v15i1.781

Abstract

This study examines the role of marketing strategies in developing frontier and outermost island tourism destinations, with a focus on the Talaud Islands, North Sulawesi, Indonesia. Despite their rich natural and cultural potential—ranging from pristine coastal landscapes and marine biodiversity to distinctive culinary and cultural heritage-the Talaud Islands remain underdeveloped due to weak promotion, limited accessibility, and infrastructural constraints. A qualitative descriptive method was applied, combining interviews with 35 domestic and international tourists and secondary data from official sources. Strategic analysis was conducted using SWOT, supported by the Internal Factor Analysis Summary and External Factor Analysis Summary. The IFAS results revealed strong natural assets but limited optimization, while EFAS highlighted opportunities in ecotourism demand and digital promotion, countered by competition from more accessible destinations and weak connectivity. The SWOT analysis generated four sets of strategies, focusing on digital branding, eco-cultural events, infrastructure development, and community engagement. The findings underscore the importance of adaptive, collaborative, and sustainable marketing approaches to enhance Talaud’s visibility and competitiveness. This study offers policy and managerial insights to strengthen the positioning of frontier islands as distinctive destinations in Indonesia’s national and global tourism landscape.
Stock return movements of companies affiliated with Danantara Hidayatulloh, Ivan Wahyu
Jurnal Ikatan Sarjana Ekonomi Indonesia Vol 15 No 1 (2026): April 2026
Publisher : Jurnal Ekonomi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52813/jei.v15i1.783

Abstract

This study examines the stock return movements of ten companies affiliated with the Danantara sovereign wealth fund in the Indonesian stock market, focusing on inter‑issuer relationships and linkages with the JKSE. We employ an empirical VAR(1) framework, Granger-Causality, variance decomposition and price forecasts (sample: 966 observations, approximately four trading years). The main findings indicate that idiosyncratic risk predominates in explaining each stock's variance, while the JKSE consistently appears as the second‑largest external contributor. VAR(1) estimates reveal only limited lagged relationships, with some significant negative effects of R_JKSE(−1) on several variables. Price forecasts show heterogeneous performance, some variables appreciate while the majority decline; the average price of the ten stocks declined by 4.9576% over the study horizon. The implications suggest that Danantara needs to re-evaluate the companies it has acquired, as not all of them exhibit projected stock-price gains and some display correlations. In addition, further academic research should be conducted after several post-acquisition periods to assess longer-term impacts.
When lights tell stories: The untold economic pattern of Java island Aviliani, Avi; Kartawinata, Matthew; Herawan, Jonathan Ersten; Parningotan, Firman; Komala, Angelina
Jurnal Ikatan Sarjana Ekonomi Indonesia Vol 15 No 1 (2026): April 2026
Publisher : Jurnal Ekonomi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52813/jei.v15i1.786

Abstract

Purpose — This study evaluates the role of Nighttime Lights (NTL) as a complementary indicator of regional economic and socio-economic development across Java Island. Method — Using VIIRS NTL data for 2016–2023, the study compares radiance patterns with GRDP per capita, Human Development Index (HDI), population density, and road infrastructure across six provinces. The analysis combines spatial visualization, growth comparison, and correlation analysis. Findings — Results show that NTL effectively captures the spatial concentration and dynamics of economic activity, but its relationship with development indicators varies across regions. Strong alignment appears in highly urbanized provinces such as DKI Jakarta, while weaker or divergent patterns are observed in regions with service-based or dispersed economies.Implications — NTL can support policy analysis by revealing spatial disparities and real-time economic dynamics, but it should be used cautiously as a complementary rather than standalone indicator. Originality — This study provides a subnational, multidimensional assessment of NTL in Java, highlighting its context-dependent reliability as a proxy for development.
Price transmission in Indonesia’s CPO chain: an ARDL-UECM assessment Kartawinata, Matthew; Herawan, Jonathan Ersten; Komala, Angelina; Susilo, Yuvensius Sri; Tendenan, Vica; Brata, Aloysius Gunadi
Jurnal Ikatan Sarjana Ekonomi Indonesia Vol 15 No 1 (2026): April 2026
Publisher : Jurnal Ekonomi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52813/jei.v15i1.788

Abstract

This study analyzes price transmission along Indonesia’s cooking-oil value chain using Autoregressive Distributed Lag (ARDL) models expressed in Unrestricted Error-Correction (UECM) form, which separates short-run dynamics from long-run equilibrium relationships. Monthly data from January 2016 to May 2023 are employed, covering stable conditions as well as the 2022 cooking-oil crisis. The dataset comprises international crude palm oil (CPO) benchmark prices (deflated and JISDOR FX rate-adjusted), domestic wholesale bulk prices, and retail bulk prices, alongside policy dummies for the export-ban/DMO window and the post-2022 MGKR regime. Results reveal a sharp asymmetry between upstream and downstream stages. In the upstream link, CPO price shocks are transmitted quickly but only partially: the long-run pass-through is β = 0.420, with an immediate impact of 0.131 and a very high adjustment speed (λ = –0.639), implying a half-life of only 0.68 months. By contrast, the downstream link is characterized by amplification and sluggish adjustment. Retail prices exhibit an exaggerated long-run pass-through (β = 2.34), weak contemporaneous transmission (0.104), and slow convergence (λ = –0.143), with a half-life of 4.49 months and overshooting in lagged responses. These findings underscore the resilience of wholesale markets and the vulnerability of retail segments.
Job loss, informality, and the scarring effect in central java’s labor market Prajanti, Sucihatiningsih Dian Wisika; Soliha, Euis; Purwani, Tri; Amelia, Dhea Rizky; Wicaksana, Tania; Wijaya, Agni Alam; Aninditya, Febyolla Putri; Wening, Kinanthi Sukma
Jurnal Ikatan Sarjana Ekonomi Indonesia Vol 15 No 1 (2026): April 2026
Publisher : Jurnal Ekonomi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52813/jei.v15i1.793

Abstract

This study examines labor market vulnerability in Central Java with a focus on job loss risk, post-layoff transitions, and job quality after recovery from shocks in labor-intensive industries. Using data from the August 2024 Sakernas survey and applying probit and Heckman selection models, the analysis reveals that shocks have multidimensional impacts. Workers in manufacturing are more exposed to job loss compared to those in agriculture, while service sector workers are relatively more protected. Spatial patterns indicate that neighboring regencies of the shock epicenter (shock_sritex) face lower risks of layoffs, yet sectoral linkages heighten the vulnerability of workers in supporting industries such as trade and transportation. Post-layoff transitions show that most workers return through informal employment, reflecting the limited absorptive capacity of the formal sector. In terms of job quality, informal workers are more likely to earn below the minimum wage and to experience excessive working hours, indicating a scarring effect. Conversely, higher education and union membership are protective, increasing the chances of obtaining decent wages. These findings highlight the importance of integrated labor market policies that strengthen industry-based training, ensure wage protection, enforce working time regulations, and enhance cross-regional coordination to sustain employment in the aftermath of industrial shocks.
Student mobility experience: Fast-track to the first job or nice-to-have? Purwandari, Cornelia Ayu; Tjitrajaya, Yohanes Andika; Jonathan, Jonathan
Jurnal Ikatan Sarjana Ekonomi Indonesia Vol 15 No 1 (2026): April 2026
Publisher : Jurnal Ekonomi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52813/jei.v15i1.794

Abstract

community service, and student exchange, on the time it takes Indonesian graduates to secure their first job. Evidence in the Indonesian context has been scarce, especially for community service. By using data from the 2024 National Labour Force Survey (Sakernas) and applying Propensity Score Matching (PSM), this research provides stronger quantitative evidence on the value of these programmes. The findings show that student exchange shortens job-search time by around 40 days, while community service and internship reduce it by about 35–38 days. These results suggest that SM programmes play an important role in easing the school-to-work transition, with the skills they gain serving as credible signals of their productivity and employability. As the first study of its kind in Indonesia, this research offers timely insights for universities and policymakers. Future work should also explore broader outcomes, such as job quality, earnings, and long-term career development, to better understand the lasting impact of SM programmes.
Gendered E-commerce adoption among rural Indonesian entrepreneurs: determinants and income impact Sukma, Weni Lidya; Ruslan, Kadir
Jurnal Ikatan Sarjana Ekonomi Indonesia Vol 15 No 1 (2026): April 2026
Publisher : Jurnal Ekonomi Indonesia

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

Abstract

This study investigates gender differences in e-commerce adoption among rural entrepreneurs in Indonesia using nationally representative labor force survey data (Sakernas). It examines the factors that drive adoption among rural men and women and the extent to which adoption improves earnings, as well as how these effects vary by gender and across the income distribution. Probit models and gender-disaggregated income regressions are applied to identify adoption determinants and quantify income impacts. Results show that education and training strongly promote digital uptake, while age, marital status, and household structure constrain participation—particularly for women. E-commerce adoption significantly increases earnings, with male adopters gaining an average 30.8 percent income premium and female adopters 17.5 percent. Quantile regression reveals that low-income men benefit disproportionately, suggesting an equalizing role of digital platforms. Propensity Score Matching confirms a causal effect for male adopters earn approximately IDR 1 million more per week, while women earn IDR 500,000 more. These findings highlight persistent gender gaps in both access and returns, underscoring the need for gender-sensitive digital inclusion policies that address capability deficits and structural barriers limiting women’s full participation in the digital economy.

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