cover
Contact Name
Indanazulfa Qurrota A'yun
Contact Email
indanazulfa.ayun@ep.uad.ac.id
Phone
+6285746610873
Journal Mail Official
jampe@ep.uad.ac.id
Editorial Address
Jl. Kapas 9 Semaki Yogyakarta 55166
Location
Kota yogyakarta,
Daerah istimewa yogyakarta
INDONESIA
Journal of Asset Management and Public Economy
ISSN : -     EISSN : 28279816     DOI : https://doi.org/10.12928/jampe.v1i1.4952
Core Subject : Economy, Social,
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
Articles 45 Documents
Analysis of Public Sector Financial Performance With The Value For Money Approach In Bogor Regency Erica, Denny; Ratiyah, Ratiyah; Shah, Syed Muhammad Abdul Rehman
JAMPE (Journal of Asset Management and Public Economy) Vol. 4 No. 1 (2025)
Publisher : Universitas Ahmad Dahlan, Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/jampe.v4i1.11566

Abstract

Financial performance is essential to ensure accountability and efLiciency in public sector organizations, especially in government. Public Sector Financial Performance requires assessment as a form of evaluation, so that Linancial performance becomes more optimal. The process of regional Linancial management consists of three stages: planning, implementation, and accountability, according to Minister of Home Affairs Regulation Number 13 of 2006 Concerning Regional Finavfc ncial Management Guidelines. The Financial Performance of the Bogor Regency Government in this study uses the Value for Money (VfM) approach with 3 (three) main factors, namely: Economic, EfLiciency, and Effectiveness of the 2014-2023 Fiscal Year. The Linancial reports produced have been in accordance with government accounting standards agreed upon by all parties involved, therefore used as a guideline to produce fair, clear, and complete Linancial reports to ensure transparency. The budget implementation report is a Linancial report that describes the future budget and budget allocation managed by the government during the reporting period. The Linancial performance of the Bogor Regency public sector is economical, with an average of 100.58%. However, efLiciency is still a concern, with an average of 99.21%, which needs more attention. The results of this analysis can be used as evaluation material for the Bogor Regency Government so that its public sector Linancial performance is more efLicient, so that the Bogor Regency Government can improve the quality of service to the community to be more optimal.
The Impact of MSMEs, Population, Road Infrastructure, and Human Development Index on GRDP In Central Java Eldeib, Manar Abdulsalam M; Maulana, Muhammad Rais Panji; Nasir, Muhammad Safar
JAMPE (Journal of Asset Management and Public Economy) Vol. 4 No. 1 (2025)
Publisher : Universitas Ahmad Dahlan, Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/jampe.v4i1.11599

Abstract

National economic development is an effort to improve people's welfare in order to fulfil their basic needs. This study analyses the effect of the number of Micro, Small, and Medium Enterprises (MSMEs), population, road infrastructure, and the Human Development Index (HDI) on Gross Regional Domestic Product (GRDP) in Central Java in 2018-2022 with the aim of knowing whether umkm, population, road infrastructure, and human development index affect GRDP. By using a descriptive quantitative approach using secondary data obtained from the Central Bureau of Statistics (BPS), this study uses statistical analysis to test the relationship. The results showed that although MSMEs and population did not have a significant effect on GRDP. This study makes a significant contribution to the Human Development Index (HDI) in Central Java so as to successfully build a human development index that is in line with the growth of GRDP, we can see from the results of the study which show that HDI has a positive effect on GRDP when HDI increases by 1 per cent, the value of GRDP will increase by Rp 2,185,483. Road infrastructure shows a significant positive effect. This finding suggests that investment in infrastructure and human development is an important driver of economic growth in the region.
Impact of Zoning Changes on Property Values in West Sulawesi: A Difference-in-Differences Analysis Ningsih, Selly Kudrati; Hikmawati, Hikmawati; Djannatin, Evatiwery
JAMPE (Journal of Asset Management and Public Economy) Vol. 4 No. 1 (2025)
Publisher : Universitas Ahmad Dahlan, Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/jampe.v4i1.11730

Abstract

This study explores how zoning regulations affect property values in West Sulawesi to understand the impact of zoning changes on real estate markets. The objectives include identifying the relationship between zoning modifications and fluctuations in property values and comparing areas that undergo zoning changes with those that do not. The study uses a quantitative research design and conducts a Difference-in-Differences analysis using secondary data from local property transactions, zoning maps, and demographic statistics from 2013 to 2023. The sample encompasses 150 neighborhoods throughout the province, offering a thorough perspective on local market dynamics. The results indicate a statistically significant positive correlation between zoning changes and rising property values, implying that updated regulations can effectively boost real estate market performance. The study also accounts for external factors, such as infrastructure development and local economic conditions, which significantly influence the outcomes of zoning changes. This research adds to the existing urban planning and property economics literature by demonstrating how zoning regulations can stimulate local economies and guide policy decisions. A key contribution of this study is its comparative analysis of property value changes in areas with and without zoning updates, providing valuable insights into the influence of zoning on property values in developing regions while emphasizing the importance of a holistic approach in assessing zoning impacts.
Smoking and Poverty: Empirical Study of Districts and Cities in Indonesia Aditya, Toni; Yuniarti, Dini; Abdulkarim, Fatima Muhammad
JAMPE (Journal of Asset Management and Public Economy) Vol. 4 No. 1 (2025)
Publisher : Universitas Ahmad Dahlan, Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/jampe.v4i1.11892

Abstract

The purpose of this study is to examine the factors that influence poverty in cities and districts in Indonesia. Using a case study of 514 cities and districts in Indonesia from 2018 to 2021, this study examines the effect of cigarettes and other factors on poverty in the country. The dependent variable in this study is the poverty rate, and the independent variables are as follows: cigarettes consumption, GRDP, average years of male schooling (RLSL) and average years of female schooling (RLSP). This study uses a panel data method which is a combination of time series and cross section, and is a type of quantitative research. The fixed effect model is the most appropriate model to adopt, according to the research findings. The research findings show that partially cigarettes have a significant positive effect on poverty. Meanwhile, Gross Regional Domestic Product (GRDP), Average Years of Male Schooling (RLSL), and Average Years of Female Schooling (RLSP) do not affect poverty but tend to be positive. Simultaneously, the variables in the study, namely cigarettes, GRDP, IHPB, and IHPB together have a significant effect on poverty. Cigarettes absorb a large portion of household income that should be allocated to basic needs such as food, education, and health. As a result, household spending on basic needs is often reduced, which can reduce the quality of life and hinder opportunities to escape poverty. This can worsen poverty by reducing the allocation of funds for investment in basic needs and improving long-term welfare.
Determinants of Residential Property Price in Selected Asian Countries: A Sys-GMM Approach Abasimi, Ignatius; Nabila, Alfira; Ramdhan, Muhammad Arsy; Anam, Muhammad Syariful
JAMPE (Journal of Asset Management and Public Economy) Vol. 4 No. 1 (2025)
Publisher : Universitas Ahmad Dahlan, Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/jampe.v4i1.11927

Abstract

This study analyzes the determinants of residential property prices in 13 selected Asian countries. Key variables include the residential property price index, GDP per capita reflecting economic conditions, real interest rates impacting borrowing costs, inflation affecting purchasing power), population growth influencing housing demand, energy consumption reflecting demand pressures, and the Gini Index measuring income inequality. The research employs the System Generalized Method of Moments (Sys-GMM) for dynamic analysis of these endogenous variables. The results indicate that property prices are significantly influenced by prior price levels. Furthermore, GDP per capita, inflation, and population growth positively affect property prices, underscoring the roles of economic growth and demographic factors in shaping the property market. Higher GDP growth enhances household purchasing power, while population growth increases housing demand. Conversely, energy consumption negatively impacts property prices, reflecting cost pressures from rising energy demand. Interestingly, the real interest rate and Gini index do not significantly influence residential property prices, suggesting these factors may not directly affect price dynamics in the studied countries. These findings emphasize the need for policies that support economic stability and sustainable growth to enhance property market competitiveness. Policymakers should prioritize energy efficiency and inclusive economic development to ensure long-term resilience in the property sector. Sustainable economic policies are essential to strengthen the region's property market and effectively manage growing energy demands.
Integrating Qualitative and Quantitative Methods in Sustainable Finance to Guide Public Policy for Green Investments Supriadi, Iman; Maghfiroh, Rahma Ulfa; Abadi, Rukhul
JAMPE (Journal of Asset Management and Public Economy) Vol. 4 No. 2 (2025)
Publisher : Universitas Ahmad Dahlan, Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/jampe.v4i2.11705

Abstract

This study investigates the role of sustainable finance in advancing investments in renewable energy and green technologies while addressing associated challenges and opportunities. The research aims to analyze the impact of sustainable finance strategies on investment flows, identify key barriers to their effective implementation, and propose strategic recommendations to enhance investment in this sector. This study seeks to support the global transition to a greener and more sustainable economy by optimizing policies, funding mechanisms, and financial practices. Using a mixed-methods approach, this study integrates qualitative and quantitative analyses, including literature reviews, causality analyses, and country-specific case studies. Secondary data generated from industry reports, academic publications, and financial databases form the basis of the analysis. Findings from the Sustainable Finance-Investment Interaction Model reveal that sustainable finance significantly enhances renewable energy investments. However, high initial costs, policy uncertainty, and restricted access to finance remain substantial obstacles. Despite these challenges, opportunities driven by technological advancements and increasing global climate awareness provide a strong foundation for growth. This paper presents recommendations for governments, investors, and financial institutions to strengthen the role of sustainable finance in accelerating renewable energy investments. Emphasizing integrating environmental, social, and governance (ESG) factors into financial decision-making, the study highlights the need for supportive policies to address financing barriers. By aligning financial systems with sustainability objectives, this research contributes to the broader discourse on sustainable finance and underscores its transformative potential in driving the global green transition.
Socioeconomic Impacts of Land Acquisition for the Yogyakarta Toll Road: Using Inferential Statistics Nurpita, Anisa; Kumorotomo, Wahyudi; Susanto, Nurhadi
JAMPE (Journal of Asset Management and Public Economy) Vol. 4 No. 2 (2025)
Publisher : Universitas Ahmad Dahlan, Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/jampe.v4i2.12116

Abstract

Rapid infrastructure development in the transportation sector has significant implications for land acquisition, including residential and agricultural land. The conversion of agricultural land poses challenges by reducing green open spaces and disrupting the socioeconomic conditions of affected communities, particularly farming households. This study examines the socioeconomic consequences of land acquisition in the Yogyakarta toll road construction, focusing on changes in employment, agricultural productivity, and asset ownership. Data were collected through a structured questionnaire survey targeting affected households, selected using purposive sampling. The analysis employs descriptive statistics to identify patterns and trends. This study also performs correlation tests to examine relationships between variables and communities' willingness to release land. The findings indicate that 22% of respondents lost their jobs due to land acquisition, and 26% have not yet secured alternative employment, highlighting economic adaptation challenges. Additionally, 44% of respondents reported that their acquired land was agricultural. It leads to a decrease in productivity and income for farmers. Land conversion has also altered asset ownership, particularly for farmers whose livelihoods depended on their land. The study contributes empirical evidence on the socioeconomic impacts of large-scale infrastructure projects, emphasizing employment challenges, land use changes, and financial stability. The correlation analysis reveals a weak but statistically significant relationship between improved road access and residents' willingness to relinquish land. These findings provide valuable insights for policymakers, infrastructure planners, and stakeholders to develop mitigation strategies, including job creation programs, financial support for displaced farmers, and policies ensuring sustainable land management and community engagement in future land acquisition processes.
Revisiting The Finance-Innovation Nexus: Evidence from Asia Wen, Jun; Chima, Hernandez Maria Fernanda; Salim, Agus
JAMPE (Journal of Asset Management and Public Economy) Vol. 4 No. 2 (2025)
Publisher : Universitas Ahmad Dahlan, Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/jampe.v4i2.12984

Abstract

Since a few studies have analysed the long-run impact of monetary policy, this study aims to contribute to this gap by revisiting the Schumpeterian finance-innovation nexus and examining the influence of monetary policy, as well as the mediating function of bank lending, on technological innovation across Asian economies. This study employs a fixed-effect model (FEM) to analyse a cross-country dataset of Asian economies from 2002 to 2023. The finding reveals the direct and indirect correlation between monetary policy and innovation, as determined through mediating regression analysis. Furthermore, our study offers empirical evidence supporting a correlation between financial development and national innovation. This finding holds across several primary, robustness, and endogeneity analyses. Furthermore, this study also found that the direct and indirect effects of monetary policy on national innovation are more pronounced in upper-middle- and high-income countries. This study confirms that enhanced bank lending, facilitated by appropriate monetary policy, has a favourable and statistically significant impact on national innovation.
How is the Social Community of Malang City? Index Study and Performance Analysis Prastiwi, Lustina Fajar; Lestari, Trianingsih Eni; Saadiyah, Risa; Bajar, Jayson Troy Ferro; Kawaye, Hopkins Henry
JAMPE (Journal of Asset Management and Public Economy) Vol. 4 No. 2 (2025)
Publisher : Universitas Ahmad Dahlan, Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/jampe.v4i2.13011

Abstract

The purpose of this study was to determine the Community Development Index (IPMas) of Malang City in 2024 using Importance Performance Analysis (IPA). IPMas can be seen from the Tolerance Index, Mutual Cooperation Index, and Sense of Security Index. The result is that overall IPMas Malang City got a score of 87.56%. This value tends to remain the same but can increase if various programs are implemented properly related to the cooperation index, tolerance index, and sense of security index. Malang City has realized a friendly city by paying attention to aspects of tolerance, mutual cooperation, and adequate sense of security. The contribution of this paper is to explain the performance of the Malang city government in the social community sector. The success of the regional government's performance can be measured not only by economic growth, but also by the influence of government performance on the community development index.
Implementation of Tax in Indonesia from the Perspectives of Muhammadiyah and NU Putra, Budi Jaya; Tri Wibowo, Wahyu
JAMPE (Journal of Asset Management and Public Economy) Vol. 4 No. 2 (2025)
Publisher : Universitas Ahmad Dahlan, Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/jampe.v4i2.13200

Abstract

Taxes remain a widely-discussed topic. It is because taxes are not only limited to state finances but also play a crucial role in a country’s development. This study examines the implementation of taxes (Tax Law, Education Tax, and Tax Amnesty) in a country from the perspectives of Muhammadiyah and Nahdlatul Ulama (NU). This study aims to provide scientific contributions and fill the gap regarding the role of Islamic organizations, specifically Muhammadiyah and NU, in Indonesia, in terms of tax implementation. This study employs the library method as its research approach. The method involves collecting information from laws and regulations, as well as books and articles related to state regulations and the statements or decisions of organizations. The results of the study indicate that Muhammadiyah and NU share the same view regarding tax law. They consider taxes mandatory. For the VAT on education, Muhammadiyah and NU disagree. It is because they also consider it to be contrary to the spirit of Pancasila and the welfare of the people. Furthermore, Muhammadiyah agrees with tax amnesty. However, Muhammadiyah continues to provide input and suggestions to the government. On the other hand, NU has not reached an agreement on the tax amnesty law. Upon examining previous decisions, it was found that NU did not permit Tax Amnesty. This study contributes to the formulation of more inclusive and equitable public policies by integrating the religious perspectives of Muhammadiyah and NU on the implementation of taxes in Indonesia. Thus, it will increase the legitimacy, compliance, and trust of the Muslims in the national taxation system.