cover
Contact Name
Mohammad Rofiuddin
Contact Email
nurscienceinstitute@gmail.com
Phone
+6285727325650
Journal Mail Official
journal.jerps@gmail.com
Editorial Address
Nur Science Institute Jl. Abdul Majid Cabean Mangunsari Sidomukti, Salatiga, Jawa Tengah
Location
Kota salatiga,
Jawa tengah
INDONESIA
Journal of Economics Research and Policy Studies
Published by Nur Science Institute
ISSN : -     EISSN : 27978141     DOI : https://doi.org/10.53088/jerps
Core Subject : Economy,
Journal of Economics Research and Policy Studies [2797-8141] is a scientific journal that contains the results of theoretical research and studies on economics issues. The focus of this journal article is Economics, Economic Entrepreneurship, and start-up, development economics, monetary and fiscal policies, Islamic finance, international and regional economics, institutional economics, and tourism economics, agriculture economics, labor economics, behavioral economics, environmental economics, SMEs financing, feasibility studies, community empowerment, coastal economics, Islamic economics, Cognitive economics, Law and Economics, Social and Economic Statistics, Econophysics, Economics of Entrepreneurship, and Political Economics.
Articles 202 Documents
Bridging the gap in islamic finance for climate action: A bibliometric analysis Laela Rizki Fauzia; Ariyanto Adhi Nugroho
Journal of Economics Research and Policy Studies Vol. 6 No. 2 (2026): Journal of Economics Research and Policy Studies
Publisher : Nur Science Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53088/jerps.v6i2.3179

Abstract

Climate change is one of the most pressing challenges in contemporary global development, necessitating large-scale, sustained financing for both mitigation and adaptation. In this context, Islamic finance, grounded in the principles of justice, transparency, and sustainability, offers a distinctive normative and operational framework to support climate action. However, the contribution of Islamic finance to climate-related financing remains relatively limited, constrained by structural and operational barriers at both national and global levels, including regulatory fragmentation, limited standardization, and underdeveloped green financial instruments. This study employs bibliometric analysis to map the development of research connecting Islamic finance with global climate action. The data were drawn from 73 peer-reviewed documents retrieved from the Scopus database spanning the period 2000 to early 2026. The analysis identified five major thematic clusters and three distinct phases of research development, namely a scientific and environmental foundation phase (2014–2017), a socio-religious integration phase (2018–2020), and a strategic financial policy phase (2021–present). Academic attention has progressively shifted from environmental pollution measurement toward Islamic financial instruments as climate solutions, yet a significant gap remains in integrating these instruments with technical environmental science literature.
Macroeconomic policy and stock market dynamics in Iraqi commercial banks: Evidence from a PLS-SEM approach (2010–2025) Qasim Hameed Naser
Journal of Economics Research and Policy Studies Vol. 6 No. 2 (2026): Journal of Economics Research and Policy Studies
Publisher : Nur Science Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53088/jerps.v6i2.3188

Abstract

The connection between macroeconomic policy and stock market dynamics of Iraqi private commercial banks is a gap in the literature which has traditionally neglected banking sectors in rentier economies. The oil-dependent economy in Iraq is a great place to look into how macroeconomic conditions influence financial markets. We take annual data for banks listed on the Iraq Stock Exchange for 2010-2025 and use the stock performance indicators to measure the influence of the macroeconomy as the dependent variable. Macroeconomic policy is modeled as a composite latent variable including M2 (money supply), inflation, and oil prices. The study uses Partial Least Squares Structural Equation Modeling (PLS-SEM) using SmartPLS and SPSS to test direct and indirect relationships. Higher liquidity and oil prices enhance banking stock performance, while inflation weakens these effects. It can be concluded that macroeconomic policy has an impact on stock markets mainly in terms of liquidity and confidence in the market by investors. The authors also highlight that macroeconomic indicators can be used as a tool of information for investors and policymakers in rentier economies.
Promosi pariwisata budaya dan ekowisata di wilayah perbatasan: Analisis SWOT dan strategi pengembangan di Kabupaten Malaka Odilia Muti; Maria Imakulata Pongge; Marius Masri
Journal of Economics Research and Policy Studies Vol. 6 No. 2 (2026): Journal of Economics Research and Policy Studies
Publisher : Nur Science Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53088/jerps.v6i2.3236

Abstract

This study examined the promotion of cultural tourism and ecotourism in Malaka Regency, a border area between Indonesia and Timor-Leste. The main problems identified were suboptimal destination promotion, limited facilities, low use of digital media, and weak integration between cultural and natural tourism potential. This study employed a qualitative descriptive approach using observation, interviews, focus group discussions, and documentation. The data were analyzed using a SWOT matrix to identify the strengths, weaknesses, opportunities, and challenges of tourism promotion. The findings showed that Malaka Regency had strong potential in Likurai and Bidu traditional dances, woven textiles, traditional houses, Motadikin Beach, Abudenok Beach, and community involvement. The main weaknesses were limited accessibility, inadequate facilities, cleanliness issues, budget constraints, and limited human resource capacity. Development opportunities emerged through digital promotion, cultural festivals, and integrated cultural-ecotourism packages. The main challenges involved competition with other destinations, climate change, and uneven public awareness. This study concluded that tourism promotion should integrate cultural and natural attractions through community, government, and digital media support.
Dari wisata bahari menuju ekowisata berkelanjutan: Valuasi ekonomi Pantai Ngudel melalui pendekatan CVM dan TCM Saifudin Zuhri; Muhammad Adi Adrian
Journal of Economics Research and Policy Studies Vol. 6 No. 2 (2026): Journal of Economics Research and Policy Studies
Publisher : Nur Science Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53088/jerps.v6i2.3514

Abstract

Ngudel Beach in Sindurejo Village, Gedangan District, Malang Regency, holds significant potential for development as an ecotourism area; however, it still faces limitations regarding facilities, low community involvement, and a lack of information on the area's economic value. This study aims to analyze the baseline state of community participation and estimate the economic value of Ngudel Beach using the Contingent Valuation Method (CVM) and the Travel Cost Method (TCM). Primary data were obtained through a survey of 253 tourists using purposive sampling between February and June 2026. The results indicate that 93% of respondents were willing to pay an additional fee (ecotourism fee), with an average willingness-to-pay (WTP) of IDR 13,000 per person; consequently, the potential economic value based on CVM is estimated at IDR 2.555 billion per year. TCM analysis revealed an average travel cost of IDR 727,016 per person per visit, with a total potential economic value reaching IDR 46.54 billion per year. These findings demonstrate a positive economic preference among tourists for developing Ngudel Beach into a sustainable ecotourism area, as well as the importance of improving facilities and strengthening community participation in the area's management.
Pengaruh natural resource rents dan trade openness terhadap PDB per kapita Indonesia tahun 1995-2021 Hanifa Fauzia Rahmah; Amin Pujiati; Fauzul Adzim
Journal of Economics Research and Policy Studies Vol. 6 No. 2 (2026): Journal of Economics Research and Policy Studies
Publisher : Nur Science Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53088/jerps.v6i2.2695

Abstract

This study analyzes the effect of total natural resource rents and trade openness on GDP per capita in Indonesia during 1995-2021. Using a quantitative approach with linear regression and classical assumption testing such as normality, heteroscedasticity, multicollinearity, and autocorrelation, the analysis shows that both total natural resource rents and trade openness have a negative effect on GDP per capita. These findings indicate that high dependence on natural resources and trade openness not supported by structural policies can hamper economic growth and reduce public welfare. In addition, the results show that sustainable management of natural resource rents and increased domestic industrial competitiveness are essential for these resources to increase GDP per capita optimally. These findings have strategic implications for policymakers to develop development policies oriented toward economic diversification and strengthening the industrial sector to achieve more inclusive and sustainable economic growth in Indonesia.
Dynamic interactions of local tax revenues in Cirebon Regency: A vector autoregression approach Aji Priambodo
Journal of Economics Research and Policy Studies Vol. 6 No. 2 (2026): Journal of Economics Research and Policy Studies
Publisher : Nur Science Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53088/jerps.v6i2.2957

Abstract

This research analyzes the dynamic interaction of local tax revenue sources in Cirebon Regency to understand how these components are interdependent within the context of fiscal decentralization. The study used a quantitative approach and monthly time-series data from January 2021 to December 2024. The variables analyzed included hotel tax, advertisement tax, street lighting tax, and land and building transfer tax. The research employed a vector autoregression model to analyze the relationships without imposing prior structural restrictions. Pre-estimation tests confirmed that all variables were stationary in levels and that the estimated system was stable. The Granger causality test results indicated no statistically significant causal relationships among the tax variables. Furthermore, the forecast error variance decomposition revealed a strong degree of exogeneity, where variations in each tax component were driven primarily by its own innovations rather than exogenous shocks from other taxes. The study concluded that these local revenue sources operated independently in the short run, meaning the collection and performance of one tax did not significantly influence the others.
Model ekonomi sirkular rumah tangga berbasis P2K (perbarui dan pikirkan kembali) untuk ketahanan ekonomi keluarga Andika Rendra Bimantara; Fahmilia Rahmanita; Najwa Syifa Naurah
Journal of Economics Research and Policy Studies Vol. 6 No. 2 (2026): Journal of Economics Research and Policy Studies
Publisher : Nur Science Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53088/jerps.v6i2.2992

Abstract

The circular economy is a sustainable development approach that emphasizes resource optimization through the principles of reducing, reusing, recycling, replacing, and repairing. This study aimed to analyze the implementation model of a household-based circular economy through the P2K (Perbarui dan Pikirkan Kembali) concept as a strategy for creating economic value and family resilience. The study used descriptive qualitative research with a literature review approach. The results showed that households played a strategic role in reducing waste while creating recycling-based business opportunities. P2K implementation was carried out through separating organic and inorganic waste and processing it into compost, biogas, and craft products with saleable value. This model not only reduced waste volume but also encouraged a transformation towards more responsible consumption and production patterns. Thus, a household-based circular economy had the potential to become the foundation for strengthening an adaptive, sustainable, and relevant microeconomy in the context of digital business transformation.
Model pendayagunaan freelancer milenial berbasis potensi lokal dalam ekosistem ekonomi kreatif Febyola Mercylia Vagansha; Dendy Setyawan; Kiky Asmara
Journal of Economics Research and Policy Studies Vol. 6 No. 2 (2026): Journal of Economics Research and Policy Studies
Publisher : Nur Science Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53088/jerps.v6i2.3055

Abstract

This study aims to analyze the factors influencing the absorption and equitable distribution of millennial freelancers in the creative economy sector, based on local potential, and to understand how these factors interact to shape an inclusive economic ecosystem. This study uses a qualitative approach through a systematic literature review of scientific articles from 2020 to 2025, purposively selected for topic relevance. Data collection involved documentary analysis, and data analysis used a thematic approach. The results indicate that the absorption and equitable distribution of millennial freelancers are influenced by five key factors: human resource development, utilization of local potential, economic digitalization, policy support, and creative business networks, which collectively form an integrated creative economic ecosystem. Human resource development serves as a key factor in enhancing capacity and competitiveness, while the utilization of local potential strengthens product identity and drives regional economic distribution. Digitalization expands market access but also creates new disparities, while policy support and creative business networks reinforce the sector’s sustainability.
Perbandingan stablecoin dan retail CBDC dalam pembayaran ritel: Systematic literature review berbasis PRISMA 2020 dan implikasi kebijakan untuk Indonesia Umi Suryani; Elvin Laird; Alessandro Teza Tjahyono
Journal of Economics Research and Policy Studies Vol. 6 No. 2 (2026): Journal of Economics Research and Policy Studies
Publisher : Nur Science Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53088/jerps.v6i2.3071

Abstract

The rise of stablecoins and retail CBDCs has intensified debate over their roles in retail payment systems. This systematic literature review compares the drivers and barriers to stablecoin and CBDC adoption, examines their competitive and complementary dimensions, and evaluates their relationship with fast payment systems, financial stability, and policy design, particularly in Indonesia’s Digital Rupiah agenda. Following PRISMA 2020 guidelines, we reviewed literature from Scopus, Web of Science, ScienceDirect, SSRN/arXiv, and repositories of the BIS, IMF, World Bank, and central banks from 2017–2025. After screening and quality appraisal, ten studies were synthesized. Findings indicate that stablecoins provide cost efficiency, settlement speed, interoperability, and cross-border payment advantages, but raise concerns regarding reserves, value stability, consumer protection, AML/CFT, and monetary sovereignty. Retail CBDCs offer trust, legal certainty, and policy integration, although they must deliver added value beyond fast payment systems while addressing privacy and disintermediation risks. The study concludes that both are competitive and complementary in retail payments.
Evaluasi kebijakan retribusi parkir dalam meningkatkan pendapatan asli daerah di Kota Palu Irma Suriyani
Journal of Economics Research and Policy Studies Vol. 6 No. 2 (2026): Journal of Economics Research and Policy Studies
Publisher : Nur Science Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53088/jerps.v6i2.3105

Abstract

This study aims to evaluate the parking retribution policy in increasing local own-source revenue in Palu City. The research employs a qualitative, descriptive approach. Data were collected through interviews, observations, and documentation from informants in the Department of Transportation, the Regional Revenue Agency, and parking service users. Data analysis used Miles and Huberman's interactive model, while policy evaluation applied William N. Dunn's criteria, including effectiveness, efficiency, adequacy, equity, responsiveness, and appropriateness. The findings reveal that the parking retribution policy has not increased local own-source revenue optimally. The main issue lies in weak policy implementation, as indicated by revenue leakage, the prevalence of illegal parking practices, tariff inconsistencies, and low levels of supervision and compliance among implementers. These conditions reduce policy effectiveness and also affect efficiency, adequacy, equity, and responsiveness. Conceptually, the parking retribution policy is an appropriate instrument for increasing local revenue; however, weaknesses in its implementation hinder the achievement of its intended objectives. Therefore, strengthening supervision, reorganizing parking locations, and developing a more transparent and accountable management system are necessary to optimize parking retribution's contribution to local revenue.