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
Segmentasi pasar dan dominasi volatilitas idiosinkratik: Analisis spillover antara pasar mata uang kripto global dan Indonesia Ilham Maulana; M. Boy Singgih Gitayuda
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.v6i2.3115

Abstract

Although the digital asset market is often assumed to be globally integrated without barriers, this study provides empirical evidence of market segmentation in Indonesia. This study analyzes volatility transmission and the degree of integration between the global market (USD) and the domestic market (IDR) for three large-cap crypto assets: Bitcoin, Ethereum, and Ripple. Using daily closing price data and a Vector Autoregression (VAR) framework, this study applies Granger Causality tests, Impulse Response Functions (IRF), and Forecast Error Variance Decomposition (FEVD). The Johansen cointegration test shows no long-term equilibrium relationship between domestic and global prices, indicating the independence of the local market. The main findings from the variance decomposition reveal the dominance of idiosyncratic factors: more than 98% of volatility in the Indonesian market is explained by internal shocks. In comparison, the spillover contribution from global markets is minimal (< 2%). These conclusions confirm that the Indonesian crypto market operates as a distinct market segment driven by local investor sentiment and domestic market frictions.
Access to improved sanitation and health expenditure in Indonesia: An empirical analysis Adrian Chrisnahutama
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.v6i2.3214

Abstract

Health expenditure remains one of the main determinants of financial burdens for households in developing countries, including Indonesia. While previous studies have documented the health benefits of improved sanitation, there is still limited evidence regarding its economic consequences. Understanding this relationship is crucial for designing effective policies to both improve public health and alleviate financial burden. This study aims to examine the effect of access to improved sanitation on household health expenditure in Indonesia and to investigate whether this effect varies across regions with different levels of infrastructure development. Using the 2019 National Socioeconomic Survey (Susenas), this study finds that access to improved sanitation significantly reduces the likelihood of experiencing health problems, which in turn lowers health expenditure. The effect is substantially larger and statistically significant outside Java-Bali, where baseline sanitation coverage is lower and health risks are higher. Conversely, the effect is insignificant in the rest of Indonesia apart from Java-Bali, suggesting diminishing marginal returns in areas with relatively advanced infrastructure.
Kinerja pasar saham ASEAN: Peran makroekonomi dan kualitas institusi Azlim Azlim; Rizal Ansari; Cut Delsie Hasrina; Yuni Ayu Safitri; Isthafan Najmi
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.v6i2.3391

Abstract

This study analyzes the effects of economic growth, monetary policy, and exchange rates on stock market performance and examines the moderating role of institutional quality in ASEAN countries. This study uses panel data and applies the Panel Autoregressive Distributed Lag (Panel ARDL) approach to identify short-run and long-run relationships. The results show that in both the short and long term, economic growth and the exchange rate have a positive and significant effect on stock market performance. In contrast, monetary policy has a negative and significant effect, with a stronger impact in the long term. Institutional quality significantly moderates these relationships. However, the direction varies across time periods: in the short run, institutional quality amplifies the positive effects of economic growth and the exchange rate while also amplifying the negative effect of monetary policy; in the long run, institutional quality actually weakens the effects of economic growth and monetary policy but continues to amplify the effect of the exchange rate. This study provides policy recommendations to strengthen institutional governance and macroeconomic stability in the ASEAN countries covered in this study to support sustainable stock market growth.
Analisis faktor-faktor yang mempengaruhi keberlanjutan usahatani kentang di Desa Grogol, Kecamatan Pejawaran, Kabupaten Banjarnegara Fidiana Zulfah; Sodik Dwi Purnomo; Bagus Adhitya
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.v6i2.3456

Abstract

The success of a potato farming business is crucial and necessary for maintaining, improving, or developing potato farming, as well as for its future sustainability. Potato farming in Grogol Village, Pejawaran District, Banjarnegara Regency, is an important agricultural sector that supports the economy of the highland community. The area in Grogol Village has agro-climatic conditions that are very supportive for cultivation, especially potatoes. The purpose of this study was to analyze the factors influencing the sustainability of potato farming. This research method used a survey with a quantitative approach. The research sample consisted of 93 farmers and used a purposive sampling technique, and the analysis model used multiple linear regression. The results of this study explain that the variables of income, labor, and experience have a positive and significant effect. Meanwhile, the variables of land area, extension, age, and education have a negative and significant effect. Therefore, potato farmers must be able to keep up with the development of new agricultural technologies and always access agricultural information from extension workers to ensure the sustainability of their farming business.
Do early marriage and socioeconomic conditions shape women’s labor force participation in Indonesia? Dirga Ardian Nugroho; Azizah Khusnul Karima
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.v6i2.2980

Abstract

Female labor force participation in Indonesia remains influenced by gender norms and regional development disparities. This study analyzes the effects of early marriage, the Gender Empowerment Index, the provincial minimum wage, and the average years of schooling for women on female labor force participation across Indonesia's 34 provinces from 2015 to 2024. Panel data sourced from Statistics Indonesia (BPS) and the Ministry of Manpower were analyzed using a Fixed Effects Model with robust standard errors to control for unobserved regional heterogeneity. The results indicate that the provincial minimum wage has a positive and significant effect on female labor force participation, with a stronger impact outside Java. Conversely, early marriage and the Gender Empowerment Index do not show a significant direct effect, suggesting the presence of indirect mechanisms operating through socio-economic factors. Average years of schooling show a weak negative relationship at the national level but a positive and significant effect within Java. These findings underscore the importance of labor and women's empowerment policies that are tailored to regional characteristics.
Dynamics of company performance in perspective risk and return Misnan Misnan; Sutawa Sutawa; Rozalina Novianty
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.v6i2.3114

Abstract

This study analyzes the effect of organizational risk and managerial risk-taking on abnormal returns for companies listed on the Indonesia Stock Exchange for 2019–2023. Using 540 observations selected through purposive sampling, companies are categorized into high-performing (HPF) and low-performing (LPF) companies. The analysis used multiple linear regression. The results show that managerial risk-taking has a significant positive effect on abnormal returns in HPF, but a significant negative effect in LPF. Conversely, organizational risk has a significant positive effect on abnormal returns in both groups. These findings indicate that the relationship between risk and return depends on the state of company performance, especially in the context of managerial risk-taking. The results support Prospect Theory, particularly the Reflection Effect, and confirm that company performance is an important factor moderating the direction and magnitude of risk's influence on abnormal returns. These findings are useful for investors and managers in making strategic and investment decisions.
Dinamika interaksi spasial dalam ketimpangan pendapatan di Provinsi Banten Togi Haidat Mangara; Siti Marlina; Rizal Syaifudin
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.v6i2.3127

Abstract

Regional inequality is a strategic issue in regional economics that occurs everywhere, including Banten Province, Indonesia. This research aimed to analyze the spatial dynamics of regional inequality among regencies/municipalities of Banten Province from 2017 to 2024. A spatial regression approach was utilized, especially the Spatial Durbin Model, which was able to not only determine the correlation between variables but also analyze the interregional direct effect and indirect effect. The result of Moran’s I test showed that, consistently, there was no significant global spatial autocorrelation; moreover, the local indicator spatial autocorrelation analysis also showed a limited cluster of inequalities, which was in Lebak Regency. However, the model estimation results proved that there was a significant spatial dependence, which indicated regional interaction. The population density variable was statistically proven to have an effect on regional inequality, with a negative direct effect on inequality within regions and a positive indirect effect on surrounding regions. Meanwhile, other variables were not proven significant. These results showed that the regional inequality in Banten Province had a latent spatial characteristic that was not completely reflected by descriptive analysis.
Determinan sosial-ekonomi pertumbuhan kawasan kumuh perkotaan: Analisis pengaruh urbanisasi, pengangguran, dan kemiskinanan di Kota Makassar Muhriza Ramadani; Basri Bado; Citra Ayni Kamaruddin; Regina Regina; Abd Rahim
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.v6i2.3158

Abstract

Slum settlement growth remains a persistent challenge in developing countries, particularly in Indonesian cities experiencing rapid urbanization. Previous studies have examined urbanization, unemployment, and poverty separately as determinants of slum development, yet limited evidence exists regarding their simultaneous influence in Eastern Indonesia. This study analyzes the effects of urbanization, open unemployment, and poverty on the extent of slum settlements in Makassar City during 2015–2024. The study used a quantitative approach with secondary time-series data and multiple linear regression analysis. The findings indicate that urbanization and open unemployment positively affect slum settlement growth, while poverty has a negative effect. These results suggest that slum development dynamics are shaped not only by demographic and labor market factors but also by government interventions that improve settlement conditions. Therefore, sustainable slum reduction requires integrated policies focusing on urbanization management, employment creation, poverty alleviation, and the provision of adequate housing and urban infrastructure.
Analisis karakteristik sosial ekonomi dan hubungannya dengan produktivitas usaha nelayan berskala kecil di Kabupaten Badung, Bali I Ketut Darma; I Gusti Kade Heryadi Angligan; I Wayan Chandra Adyatma; Dewa Putu Yudi Pardita
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.v6i2.3200

Abstract

This study examines the socioeconomic characteristics of small-scale fishers and their influence on productivity in Badung Regency, Bali. Primary data were collected from 152 fishers using purposive sampling. Productivity was measured as catch value per kilogram (Rp/kg). The analysis used descriptive statistics, Pearson and Spearman correlations, ANOVA, and multiple linear regression. The results showed that the average age of fishers was 48.10 years, with 22.66 years of fishing experience, and that the majority had a high school or vocational high school education (46.05%). Average productivity reached Rp124,992/kg. Age and fishing experience had a significant positive effect on productivity, while operational costs and fishing time had a significant negative effect. ANOVA showed differences in productivity by fisher activity status. The OLS model produced an R² of 0.384, with operational costs and fishing time as significant predictors. In contrast, initial capital was not a significant predictor. These findings emphasize the importance of efficient production costs and optimizing fishing time to sustainably increase the productivity of small-scale fishers.
Determinan penyaluran kredit pada perbankan Danantara di Indonesia Nurfadillah Nurfadillah; Abd Rahim; Sri Astuty; Irwandi Irwandi; Muhammad Syafri
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.v6i2.3213

Abstract

This study evaluates the impact of Third-Party Funds (TPF), Non-Performing Loans (NPL), interest rates, and inflation on credit distribution in Danantara Indonesia Banking from 2015 to 2024. The study employs a quantitative approach using panel data regression. The data were obtained from secondary sources, including the annual reports of Bank BRI, BNI, Mandiri, BTN, and BSI, as well as publications from Bank Indonesia. The results show that Third-Party Funds and interest rates have positive and significant effects on credit distribution. Inflation has a negative and significant effect, while Non-Performing Loans have a negative but insignificant effect. Overall, the selected banking and macroeconomic variables substantially explain variations in credit distribution. These findings indicate that funding capacity and interest rate conditions play important roles in determining credit distribution, while inflation may constrain lending activity. The results highlight the importance of strengthening funding capacity and maintaining appropriate interest rates to support sustainable credit distribution in the banking sector.