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Indanazulfa Qurrota A'yun
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INDONESIA
Journal of Asset Management and Public Economy
Published by Universitas Ahmad Dahlan
ISSN : -     EISSN : 28279816     DOI : https://doi.org/10.12928/jampe.v1i1.4952
Core Subject : Economy, Social,
Economics, Econometrics & Finance Social Sciences
JAMPE (Journal of Asset Management and Public Economy) publishes research findings of economics both in national and international developments as well as economic theory and application in asset management and public economics, but is not limited to: International economics Monetary economics and banking finance Development and planning economics Regional economics Environmental economics Property valuation Islamic economics Political econoimcs Creative economy
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 5 Documents
 1 
Search results for , issue "Vol. 5 No. 1 (2026)" : 5 Documents clear
Analysis of Determinants of Local Own-Source Revenue of Bali Province: A Panel Data Approach Wibowo, Wahyu Tri; Nasokha, Nolla Billa; Khoirudin, Rifki
JAMPE (Journal of Asset Management and Public Economy) Vol. 5 No. 1 (2026)
Publisher : Universitas Ahmad Dahlan, Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/jampe.v5i1.12702

Abstract

This study examines the impact of economic growth, foreign direct investment (FDI), local expenditure, and population on local own-source revenue (PAD) in Bali Province from 2012 to 2023. Employing a quantitative approach with panel data from nine districts/cities, the study applies Common Effect Model (CEM), Fixed Effect Model (FEM), and Random Effect Model (REM). The research contributes to the existing literature in three novel ways: first, it is the pioneering study examining PAD determinants in a tourism-dependent economy during post-COVID-19 recovery period; second, it provides comprehensive empirical evidence on the asymmetric effects of population growth on regional revenue in tourism-centric regions; and third, it introduces an integrated analytical framework combining macro-fiscal and demographic variables for regional revenue analysis. Based on the Chow, Hausman, and Lagrange Multiplier tests, CEM was selected as the most appropriate model, with three variables significant at 1% level. The analysis reveals that FDI and local expenditure exert significant positive effects on PAD, whereby each unit increase in FDI raises PAD by 14.53% and each Rp 1 increase in local expenditure increases PAD by 103.69%. Conversely, population has a significant negative effect, with each additional person decreasing PAD by 75.71%, while economic growth exhibits no significant influence. The model explains 79.88% of the variation in PAD, with the remaining 22.12% influenced by external factors. To optimize development, several key strategies are recommended, including economic diversification beyond tourism, simplifying investment licensing procedures, optimizing productive regional spending, and improving human resource quality through market-oriented vocational education.
Preference Gaps Between Developers and Millennials in Landed Housing in Yogyakarta Urban Agglomeration Prativi, Fatima Putri; Bagaskara, Bagaskara; Nurpita, Anisa; Amalia, Nurisqi; Bello, Anas Usman
JAMPE (Journal of Asset Management and Public Economy) Vol. 5 No. 1 (2026)
Publisher : Universitas Ahmad Dahlan, Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/jampe.v5i1.12998

Abstract

The increasing urbanization in Yogyakarta Urban Agglomeration has driven rapid residential development, especially in landed housing. This study analyzes the gap between property developers' preferences and millennial consumers' expectations in housing provision. Utilizing mixed methods, primary data were collected from 54 property practitioners through structured questionnaires and in-depth interviews. Quantitative analysis included Exploratory Factor Analysis (EFA), Pearson Correlation, and K-Means Clustering to identify dominant developer preferences. Qualitative phenomenological analysis confirmed market trends and millennial preferences. The findings reveal that developers prioritize factors such as land position, house type, and land shape, while millennial consumers emphasize affordability, accessibility, and neighborhood comfort. A comparative analysis using Principal Component Analysis (PCA) and independent ttests revealed significant preference misalignments, particularly in access to main roads and environmental quality. The study highlights the necessity for coordinated policy intervention and developer adaptation to align housing supply with millennial demands, proposing the integration of public facility proximity and price affordability into future residential planning strategies. This research contributes by highlighting the mismatch in housing value perceptions between stakeholders and consumers. Practically, these insights provide policymakers and developers with a framework for designing housing policies and projects that better integrate affordability, accessibility, and livability, ensuring that they meet the housing needs of millennials.
Estimation of Rental Rates of Assets in Public Service Agencies Using Alternative Methods Safitra, Dhian Adhetiya; Khabibi, Akhmad; Anshor, Roy
JAMPE (Journal of Asset Management and Public Economy) Vol. 5 No. 1 (2026)
Publisher : Universitas Ahmad Dahlan, Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/jampe.v5i1.13816

Abstract

Asset optimization is an increasingly important issue for Indonesia’s Public Service Agencies (PSAs), which are required to determine fair and transparent rental values for state-owned assets (SOAs). This research develops an alternative rental-pricing framework for recreational sports assets, using a mini soccer field at the Polytechnic of State Finance STAN (PKN STAN) as a case study. Data were collected from a survey of 117 respondents to compare three valuation approaches: the Contingent Valuation Method (CVM), a cost-based approach, and a market-based benchmark. CVM estimation was conducted using two Ordinary Least Squares (OLS) models. The model analyzes respondents’ acceptance of an offered bid (1 = accept; 0 = reject) as a function of bid levels and demographic characteristics. The predicted acceptance probability was used to derive willingness to pay (WTP), serving as the basis for the CVM-derived rental value. The empirical results indicate that the CVM-based rental estimates are broadly aligned with values derived from the cost-based approach, while the market approach provides useful external validation for establishing a fair rental range. The findings also support the implementation of differentiated pricing strategies, such as higher rates during weekends and peak afternoon periods, to enhance both revenue optimization and facility utilization. The current research primarily contributes to the demonstration that CVM can be effectively adapted for pricing small-scale sport facility assets within PSA asset management. The research provides a methodological alternative that strengthens evidence-based decision-making and offers preliminary input for future improvements in regulatory guidelines governing state-owned asset rental valuation.
Macroeconomic and Institutional Determinants of ASEAN Middle Income Trap: Evidence from 2014–2023 Nabila, Alfira; Sodik, Jamzani; Nuryadin, Didi
JAMPE (Journal of Asset Management and Public Economy) Vol. 5 No. 1 (2026)
Publisher : Universitas Ahmad Dahlan, Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/jampe.v5i1.13910

Abstract

This study aimed to analyze the effect of Foreign Direct Investment (FDI), Human Development Index (HDI), Corruption Perception Index (CPI), and inflation on Gross National Income (GNI) per capita in 11 ASEAN countries during the period 2014–2023. In addition, this study evaluates the differences in GNI levels between countries that remain trapped in the Middle Income Trap (MIT) and those that have successfully escaped it. The method used was panel data regression with the Random Effect Model approach. The results showed that FDI and HDI have a significant positive effect on GNI per capita, whereas CPI has a significant negative effect. Inflation has no significant effect. The MIT dummy variable also has a significant negative effect, indicating that countries that remain in the MIT tend to have lower per capita income levels compared to countries that have successfully escaped. These findings reinforce the importance of the role of institutional quality and human development in increasing national income. This study contributes to the development economics literature by highlighting the importance of macroeconomic and institutional variables in explaining income disparities in the ASEAN region.
The Role of Fiscal Decentralization on Inequality: Evidence from Papua Province Purna, Fitra Pasapawidya; Hardiningsih, Putri; Kurniawan, Mahrus Lutfi Adi; Sukarniati, Lestari; Flejterski, Stanislaw
JAMPE (Journal of Asset Management and Public Economy) Vol. 5 No. 1 (2026)
Publisher : Universitas Ahmad Dahlan, Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/jampe.v5i1.14475

Abstract

High income inequality is generally accompanied by unequal access to education, job training, and business opportunities, limitingemployment opportunities for the poor. One approach that can be applied to resolve this problem is by implementing a fiscal decentralization policy. Papua is one of the regions categorized as 3T (Underdeveloped, Frontier, and Outermost). This condition indicates serious challenges in development in Papua, especially in the aspects of basic infrastructure and fiscal independence. The main contribution of the study is to analyze the role of fiscal decentralization on development in Papua province. Fiscal decentralization plays an important role in promoting regional development, particularly in disadvantaged areas. The study used a panel data approach that combines time-series data (2019-2023) and cross-sectional data (29 regencies and cities) in Papua Province. The results of the study indicate that fiscal decentralization through the General Allocation Fund (DAU) and Special Allocation Fund (DAK) has no effect in reducing inequality rates in Papua Province. It isdue to geographical challenges and the unconditional transfer nature of DAU and DAK. In this case, DAU is mostly used for regional routine expenditures, while the DAK has a long-term effect on infrastructure development, which is the major obstacle in reducing inequality in Papua. This research implies that local governments need to improve the effectiveness of DAU and DAK utilization by prioritizing productive sectors.

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