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Journal of Economics and Business Letters
Published by PRIVIETLAB
ISSN : 27988651     EISSN : 27984885     DOI : -
JEBL: Journal of Economics and Business Letters is an open access, six-annually peer-reviewed international journal published by PRIVIETLAB. It provides an avenue to academicians, researchers, managers and others to publish their research work that contributes to the knowledge and theory of Economics and Business related disciplines. JBEL is published six a year. Publisher of Open Access Journals & Books designed to make it easy for worldwide researchers to discover leading-edge scientific research. Working closely with the global scientific community has been at the heart of our book and journal publishing activity. With a portfolio including journals, books, conference proceedings, we focus on Economics, Business, Finance, Management, Accounting, E-Business, and many more. PRIVIETLAB also publishes on behalf of other scientific organizations and represents their needs and those of their members. With worldwide impact, we support researchers, librarians and societies in their endeavours. PRIVIETLAB is an international center for supporting distinguished researchers, teachers, scholars and students who are researching various areas of Business, Science, and Technology. PRIVIETLAB wishes to provide good chances for academic and industry professionals to discuss recent progress in various areas of Business, Science, and Technology. PRIVIETLAB organizes many international conferences, symposia and workshops every year, and provides sponsor or technical support to researchers who wish to organize their own conferences and workshops.
Articles 149 Documents
Integrating product portfolio and supply chain design for sustainable construction Muktar, Itai; Ailemen, Ikpefan; Uchechukwu, Okorie; Timilehin, Olubuyi
Journal of Economics and Business Letters Vol. 5 No. 4 (2025): August 2025
Publisher : Privietlab

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55942/jebl.v5i4.380

Abstract

This study examined the relationship between public infrastructure expenditure on information technology, electricity and economic growth using real gross domestic products as proxy. The methods of data analysis and estimation technique are Ordinary Least Square (OLS) method, Augmented Dickey Fuller (ADF) method, Unit Root Test, Johansen Co-integration Test and Error Correction Model. Data on these variables from 1981 to 2021 were sourced from the Central Bank of Nigeria Statistical Bulletin (CBN, 2021) and World Development indicators. The evidence from the long-run coefficient of public expenditure on infrastructural development has significantly impacted on economic growth, therefore infrastructure development expenditure is seen to constitute significant determinant of economic growth particularly for developing countries. The study suggested analysis of the elasticity of growth towards public expenditure on economic services and government need to take proactive and concerted effort to significantly enhance economic growth through fiscal policy targeted on sustainable economic service provision.
Alignment of product design and supply chain for enhancing sustainability and coordination in industries Forouzandeh, Mohammad
Journal of Economics and Business Letters Vol. 5 No. 4 (2025): August 2025
Publisher : Privietlab

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55942/jebl.v5i4.423

Abstract

Choosing a project portfolio to improve sustainability in the supply chain is a vital issue for industries. The main goal of the portfolio is to align the organization’s strategic objectives with project selection, ensuring that these projects make a meaningful contribution to the overall sustainability of the portfolio. This research specifically examines the integration of product portfolio design and supply chain design in the construction industry. The study utilizes an analytical model and optimization techniques to propose innovative solutions aimed at enhancing the alignment between suppliers and the product portfolio. Improving the efficiency and flexibility of the supply chain is accomplished through optimal coordination of both the product portfolio and the supply chain portfolio. This research explores how supply chain networks align with the product portfolio, focusing on creating flexibility in product portfolio management processes, managing changes, and addressing variability in different characteristics. The results indicate that effective and timely integration of product portfolio design with supply chain design can lead to reduced organizational costs and increased overall productivity. Improved coordination and integration between suppliers and final products have resulted in enhanced supply chain performance and lower ongoing organizational expenses.
FDI inflows and domestic interest rate nexus in Nigeria: A new look at the mundell-flemming hypothesis Ogwuru, Hycenth Richard Oguejiofoalu; Nzeh, Innocent Chile; Emele, Austine Chijioke; Onyenze, Justice Ndubueze; Ekainsai, Zion Stephen
Journal of Economics and Business Letters Vol. 5 No. 5 (2025): October 2025
Publisher : Privietlab

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55942/jebl.v5i5.519

Abstract

The relevance of FDI to an economy has led to an avalanche of studies investigating its link with other macroeconomic variables. One such variable that has been discussed extensively in the literature is the domestic interest rate. The link between FDI inflows and interest has been emphasized by the Mundell-Flemming framework, and in recent times, some scholars have contended that FDI inflows exert a downward influence on domestic interest rates. This study seeks to provide empirical evidence for the latter claim by examining the impact of FDI inflows on interest rates in Nigeria. The study used an annual series ranging from 1981-2022 to and under the ARDL framework. The findings reveal that in both the short and long runs, FDI inflows have a negative and significant impact on the real interest rate. This outcome has implications for the implementation of monetary policy in Nigeria. Although a fall in the interest rate is necessary, it could adversely impact the inflation-targeting objective of the monetary authorities. Therefore, the choice of allowing much inflow of FDI into the country should be weighed against the inflationary impact they portend.
The impact of global geopolitical risk on Afghanistan's economic condition: Evidence from wavelet quantile regression Pooya, Abdul Ahmad
Journal of Economics and Business Letters Vol. 5 No. 5 (2025): October 2025
Publisher : Privietlab

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55942/jebl.v5i5.566

Abstract

This study explores the dynamic effects of global geopolitical risk (GPR) on Afghanistan's macroeconomic performance using data from 1990 to 2024. The results of Wavelet Quantile Regression (WQR) show that GPR shocks have immediate and negative impacts on GDP, the Exchange Rate (EXP), imports (IMP), exports (EXP), and inflation (INF) across all quantiles in the short, medium, and long terms. Notably, the response of GDP per capita to GPR is strong in the short term but diminents over time. Additionally, IMP and EXP are negatively affected by GPR dynamics owing to border closures, sanctions, and disruptions to trade routes in both the short and long terms. The most significant vulnerabilities are revealed in EXP and INF, where persistent depreciation and unstable prices harm household welfare in low-income, import-dependent economies. These findings provide new insights into one of the most fragile nations within the global system and demonstrate the role of the WQR in breaking down multi-scale dynamics often overlooked by linear models. This study underscores the urgent need for Afghanistan to develop adaptation policies that can mitigate short-term shocks, build external buffers, and enable structural reforms, ultimately making the country less vulnerable to long-term geopolitical shocks.
Short-termism in social organizations El Armali, Jafar
Journal of Economics and Business Letters Vol. 5 No. 5 (2025): October 2025
Publisher : Privietlab

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55942/jebl.v5i5.605

Abstract

Social organizations, defined as social entrepreneurship and nonprofit organizations, aim to meet societal objectives and play an important role in achieving sustainable development goals (SDGs). However, social organizations may fall into short-termism, defined as favoring short-term goals over long-term objectives. This undermines social organizations’ ability to meet their long-term objectives and, in turn, negatively affects efforts to meet sustainable development goals. This note presents the channels that contribute to short-termism in social organizations. Three channels are presented and discussed herein. First, if investors and donors are short-term oriented, social organizations may focus on meeting short-term goals over long-term objectives to satisfy the demands of investors and donors and attract their funding. Second, if the management of a social organization is short-term oriented, it will be inclined to prioritize short-term goals over long-term objectives. Third, scaling up operations may result in neglecting the long-term objectives of social organizations. Understanding the roles of these channels is important for providing a better understanding of short-termism in social organizations.
The role of the government internal control system (SPIP) in budget optimization in local governments in Indonesia Ahmad, Imran; Furqan, Andi Chairil
Journal of Economics and Business Letters Vol. 5 No. 5 (2025): October 2025
Publisher : Privietlab

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55942/jebl.v5i5.751

Abstract

This study analyzes the role of SPIP, the internal control of Indonesia, within the broader framework of Public Financial Management (PFM) and how it influences the appropriation of health budgets to achieve Sustainable Development Goal 3 (SDG 3). In contrast to previous studies, which have predominantly focused on the coverage of health budgets, SPIP emerges, theoretically, as a moderating variable intervening between the relationship between expenditure on health and health results. Using JKN coverage, Indonesia's National Health Insurance program and chief tool for pursuing universal coverage for health, for tracking the realization of SDG 3, a dataset of 538 municipalities for a period of five years, from 2018 until 2022 (2,690 observations), the study conducts Moderated Regression Analysis using Generalized Least Squares, considering heteroscedasticity, as well as autocorrelation, for estimation. While the results confirm that a greater appropriation of the health budget promotes the success of JKN, whose impact is significantly boosted by SPIP due to the enhancement of transparency, accountability, and due utilization of the budget, evidence exists that points towards a strong internal control, when complemented with effective management of the budget, facilitating a catalyst towards SDG 3 realization. Furthermore, it provides impetus towards another motivation for policymakers to increase sustainability, along with greater inclusivity, for health developmental efforts, strengthen strategies for health budgeting, and realize SPIP implementation strategies.
Revisiting finance-led growth: Evidence from disaggregated bank credit in Indonesia (period 2009–2023) Huda, Syamsul; Yuliati, Anik; Setyawan, Dendy
Journal of Economics and Business Letters Vol. 5 No. 5 (2025): October 2025
Publisher : Privietlab

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55942/jebl.v5i5.755

Abstract

Indonesia’s economic performance has long been intertwined with the flow of bank credit; however, the rapid expansion of lending has not always moved in harmony with growth. The varied outcomes of working capital, investment, and consumer loans raise concerns about whether credit actually promotes sustainable development or, when misdirected, risks producing an imbalance.  This study aims to clarify these dynamics by analyzing the distinct effects of disaggregated bank loans on Indonesia's economic expansion from 2009 to 2023.  Taking a quantitative approach, it uses multiple linear regression to examine the individual and collective influence of each loan category, using secondary data from Bank Indonesia and the Central Statistics Agency.  The study found that working capital loans have a favorable and significant impact, emphasizing their importance in supporting daily output and short- to medium-term growth. Investment loans typically have a negative impact because of inefficiencies, delays, and intrinsic structural flaws that obstruct their primary purpose of increasing capacity.  While consumer loans help boost household demand, their impact on macroeconomic growth is small, highlighting their limitations as long-term growth drivers.  Nonetheless, the interaction of these three loan categories is critical in shaping economic results, as models show that they account for a considerable part of the growth fluctuation.  This duality emphasizes the potential of finance as both an enabler and a constraint, implying that effective oversight of investment credit, consistent working capital flows, and careful management of consumer credit are critical strategies for promoting inclusive and resilient economic growth in Indonesia.
Climate change, resource degradation, and economic sustainability: A study of key commodity sectors in Southern Sumatra Nopiah, Ririn; Azansyah, Azansyah; Ekaputri, Retno Agustina; Kumara, Bima Prasetya; Prasetya, Bayu Andy; Sunaryo, Sunaryo
Journal of Economics and Business Letters Vol. 5 No. 5 (2025): October 2025
Publisher : Privietlab

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55942/jebl.v5i5.782

Abstract

Climate change is one of the biggest challenges facing the world today. This phenomenon has significantly impacted the degradation of natural resources, posing a serious threat to the agricultural and fisheries sectors, especially in developing countries. Climate change affects the structure of land and water and directly impacts the potential sectors in a region. The primary objective of this study is to quantitatively analyze the impact of climate change on resource degradation across the leading commodity sectors, namely agriculture, plantations, and fisheries in the Southern Sumatra region. This research adopts a mixed-methods approach, integrating multiple regression analysis using regional data from 2015 to 2022 with a Sharing Group Discussion (SGD) component to ensure contextual validation and deeper insights. The findings indicate that six meteorological factors (wind speed, rainfall, solar radiation, air temperature, air pressure, and humidity) significantly influenced degradation within these three crucial sectors. Ultimately, this study offers a forecasting overview of the climate impacts on specific commodity sectors, providing a crucial basis for stakeholders to formulate anticipatory policies, plan appropriate technological adaptation, and implement more effective resource management strategies to address the challenges of climate change.
The effect of Customer Relationship Management (CRM), service quality, and value creation on customer satisfaction among customers of PT. Pegadaian (Persero) Cisalak Branch - Depok Noviono, Andhi Dwy
Journal of Economics and Business Letters Vol. 5 No. 4 (2025): August 2025
Publisher : Privietlab

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55942/jebl.v5i4.840

Abstract

This study investigates how Customer Relationship Management (CRM), service quality, and value creation shape customer satisfaction in a public pawn-based financial institution. Using a quantitative, cross-sectional survey of 125 customers at PT Pegadaian (Persero) Cisalak Branch (Depok), we operationalize CRM, service quality (SERVQUAL dimensions), value creation (product, price, promotion, place), and satisfaction on five-point Likert scales. Bivariate correlations show all three antecedents are positively and significantly associated with satisfaction (p < 0.01). In multiple regression, the joint model is significant (F = 32.161, p < 0.001) and explains 44.4% of the variance in satisfaction; service quality (β = 0.355, p < 0.001) and value creation (β = 0.327, p < 0.001) retain strong, independent effects, while CRM’s partial effect becomes statistically non-significant when the other predictors are included. Descriptive results highlight consistently favorable perceptions of frontline assistance and pricing/fee structures, with opportunities to improve complaint handling, expectation alignment for appraisal amounts, and reminder practices. The findings imply that satisfaction in this context is won primarily “at the counter” (reliable, responsive, empathetic service) and “at the ledger” (transparent, fair, and flexible economics), with CRM best positioned as an enabling backbone that strengthens execution and tailored communication. Managerially, an integrated program that hardwires service standards, clarifies value propositions, and uses CRM data to personalize outreach is most likely to convert repeat usage intent into durable loyalty.
Credit control and interest-income reliability in a community microfinance cooperative: Evidence from a kelurahan - level PMK case Puryani, Ari
Journal of Economics and Business Letters Vol. 5 No. 4 (2025): August 2025
Publisher : Privietlab

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55942/jebl.v5i4.854

Abstract

This study examines how credit control disciplines—process conformance, authorization limits, collection oversight, and accounting recognition—shape the stability of interest income in a kelurahan-level microfinance cooperative (Koperasi PMK). Using a descriptive–analytic, quantitative design with secondary financial statements, the analysis connects the cooperative’s Standard Operating Procedures (Institutional and Education SOPs) to the full credit cycle (origination, appraisal, approval, disbursement, collection, remedial) and to recognition policies for performing and non-performing loans. Findings indicate a consistent execution gap: although approval hierarchies, 5C/7C screening, and periodic reviews are formally specified, field-intensive collections and limited information systems delay risk classification and accrual suspension. The absence of a dedicated accrued-interest ledger (PYMAD) and incomplete off-balance-sheet treatment for NPLs create a bias toward overstated interest income during stress, followed by reversals. The study argues that hardening execution—not redesigning policy—yields the highest payoff: enforce status-based recognition (accrual for performing, cash basis for deteriorated), stand up PYMAD and provisioning by collectibility bucket, implement maker–checker and daily receipt–ledger reconciliations in collections, and institutionalize monthly early-warning reviews under board and supervisory oversight. These steps trade short-term reported income for durable, decision-useful interest earnings, aligning sustainability with the cooperative’s outreach mandate.

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