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East Java Economic Journal

ejavec
Website

Published by Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

ISSN : 25978780 EISSN : 28302001 DOI : https://doi.org/10.53572/ejavec.v6i1.73

Core Subject : Economy, Social,

Economics, Econometrics & Finance Social Sciences

East Java Economic Journal invites manuscripts on an economics area, but not limited to economic development, finance, monetary, international trade, environmental, energy, public economics, econometrics, microfinance, health economics, and political economics related to the economy of East Java.

Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)

Articles 7 Documents

Search results for , issue "Vol. 5 No. 2 (2021)" : 7 Documents clear

Economic Recovery Efforts: Boosting East Java’s Export Performance Through Mapping The Competitiveness of Commodities M. Fahmi Priyatna; Sonia Anggun Andini
East Java Economic Journal Vol. 5 No. 2 (2021)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

As an effort to encourage the export performance of East Java, concrete and comprehensive information and mapping are needed regarding the level of competitiveness of export commodities and their future prospects. This is necessary so that policy makers can devise the right strategy in each category of commodity competitiveness. To map the competitiveness of commodities and their prospects in the future, this study uses a combined technique of Revealed Comparative Advantage (RCA) and Constant Market Share Analysis (CMSA). RCA demonstrates static competitiveness at one time period (2020), while CMSA represents dynamic competitiveness in two time periods (2016 and 2020). With the merger of these two methods, East Java export commodities are divided into four categories, namely great amounting to 426 commodities, sunset amounting to 426 commodities, sunrise amounting to 649 commodities, and poor amounting to 919 commodities. The optimization of the four categories can be divided into two major parts of international cooperation, there are through the expansion of trade exports for the great and sunrise categories, as well as efforts to attract foreign direct investment (FDI) for the sunset and poor categories.

The Role of Fintech As East Java’s Economic Growth Drivers: An Empirical Analysis of The Sollow Economic Growth Model Christien Simorangkir; Maria Agape Widya Prasetya; Yohanes Krisna Purwadi
East Java Economic Journal Vol. 5 No. 2 (2021)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

The COVID-19 pandemic has resulted in a slowdown in national economic growth and Financial Technology (Fintech) has the potential to play a role in economic recovery efforts. East Java is one of the provinces affected by the COVID-19 pandemic but has a very fast development of the financial technology industry prospective. This study aims to analyze how the influence of financial technology on economic growth in East Java within theframework of the Sollow economic growth model. By using the Error Correction Model analysis method for monthly data for the 2019-2020 period, this study provides the results that investment and population have an effect on East Java’s economic growth both in the short term and in the long term. Meanwhile, Fintech lending and commercial bank loans affect economic growth in East Java only in the long term. For this reason, the policyimplication of this research is that there needs to be a program to improve the quality of Human Resources (HR) and a more optimized financial literacy program for the community. Increasing public financial literacy will increase public understanding and use of fintech. Optimizing the use of fintech will become a driving engine for economic growth in East Java.

OODA Loops: Concept of Resilience Analysis and Strategic Management of MSME Development During the Covid-19 Pandemic in East Java Province Fahmid; Achmad Syaugi
East Java Economic Journal Vol. 5 No. 2 (2021)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

The Covid-19 pandemic that occurred in the community has resulted in crises in several economic sectors. In the global economy, the Covid-19 pandemic has had a very significant impact on the domestic economy. This can be seen in East Java's economic growth, which only increased by 3.04% in the quarter I, far from the 5% average in the same period. This condition also has an impact on the Micro, Small and Medium Enterprise (MSMEs) sector in East Java Province. In recent years, MSMEs growth in 2016-2019 has increased by 4.2% and the average contribution of MSMEs to East Java's Gross Domestic Product (GDP) is 50% within 3 years. For this reason, research is needed to explore and analyze the condition of MSMEs in East Java so that they can determine the decisions made by MSMEs business actors in East Java in maintaining their business during the Covid-19 pandemic. In this study, an analysis using the OODA loops approach was used as a benchmark. efforts or defense measures for MSMEs business actors in East Java. In collecting data, this study conducted an online survey of MSMEs in East Java to several business sectors using non-probability sampling. From the results of this survey, as many as 96% of business actors claimed to have experienced the negative impact of Covid-19 on their business processes. Then as many as 75% of them experienced the impact of a significant decline in sales and only 13% of business people believe they have a crisis management plan and find solutions to maintain their business. Therefore, it is recommended that every MSMEs business actor in East Java use the OODA loops concept as a problem solver in dealing with economic crisis principles due to the Covid-19 pandemic.

Economic Growth and E-Commerce: Potential for Digitizing MSMEs in East Java Dian Rizqi Khusnul Khotimah
East Java Economic Journal Vol. 5 No. 2 (2021)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

The social and economic impacts caused by Covid-19 pandemic have changed the way people live. The existence of social activities and shopping due to spread of Covid-19, resulted in switching from an offline system to an online system, including in the case that number of e-commerce increased during the pandemic. In 2020 number of e-commerce businesses in East Java Province grew to 90.31 percent from 19.92 percent in 2019. According to Liu (2013), number of e-commerce businesses will affect economic growth. Pattern of relationship between e-commerce and economic growth needs to be known for an appropriate policy so that both can continue to develop. Furthermore, it is necessary to segment and optimize aspects that support the development of e-commerce and the digitization of MSMEs. This study aims to analyze effect of e-commerce businesses on economic growth in Java, segmenting and optimizing aspects that support development of e-commerce in the locus of Java Island, especially East Java Province, and complete it with an analysis of big data on public response to digital economy in times of pandemic. Method used are a combination of 5 techniques at once, namely regression analysis, thematic map visualization, clustering, spatial analysis, and text mining. Results show that e-commerce affects economic growth of provinces in Java. E-commerce businesses need to continue to be optimized by improving the quality of HDI and internet networks, especially in priority areas for the development of East Java Province. Programs related to digital economy need to be encouraged to harmonize changes in social order with the ability of MSMEs to adapt to digitalization era.

Determinant of Formal Entrepreneurship and Entrepreneur Transition During Covid-19 Pandemic Tasmilah
East Java Economic Journal Vol. 5 No. 2 (2021)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

Entrepreneurship in East Java is dominated by informal entrepreneurs. To increase productivity and absorption of formal workers, a transition from informal entrepreneurs to formal entrepreneurs is needed. Using Sakernas August 2020 data, this study aims to analyze the determinants of formal entrepreneurship in East Java. In addition, using Sakernas panel data in August 2019 and 2020, we investigate the entrepreneurial transition in one year. The results of the binomial logistic regression show that male gender, higher education level, entrepreneurial skills, and use of digital technology such as the internet have a greater tendency to become formal entrepreneurs in East Java. Similarly, formal entrepreneurs who use the digital technology have less chance of turning into informal entrepreneurs during the Covid-19 pandemic.

Work From Home in The Era Covid-19 Pandemic: The Analysis and Impact of It Suryo Adi Rakhmawan
East Java Economic Journal Vol. 5 No. 2 (2021)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

How many workers in East Java can do their work from home? Is working from home supported by sufficient infrastructure and knowledge? What about workers who cannot do their jobs from home? What are their risks to the economic and health impacts of working outside the home? Then, where should policies be taken to reduce the effects of COVID-19 on the economy, especially the workforce? This study tries to provide answers to some of these questions by analyzing the 2021 National Labor Force Survey data and other secondary data. With the main analytical methods in the form of factor analysis, cluster analysis, and binary logistic regression, this study resulted in the classification of people working with WFH and non-WFH in East Java along with their characteristics in the form of digital needs, income, education, and risk of COVID-19 exposure. Another finding from this study is that people who work with non-WFH, female workers, youth, and low education have a greater tendency to be affected by COVID-19 in their economic activities.

The Impact of Covid-19 Pandemic on Regional Economy: Supply-Driven Interregional Input-Output (IRIO) Approach for East Java Province Defy Oktaviani; Sugeng Triwibowo; Susiyanti
East Java Economic Journal Vol. 5 No. 2 (2021)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

The COVID-19 pandemic mitigation measures have led to supply and demand-side labor market shock. By employing the Supply-Driven Interregional Input-Output (IRIO) approach, we estimate the impact of that labor shock on the regional economy. The model is based on the 2020 Indonesian IRIO Table, the updated version of the 2016 IRIO Table with RAS procedures. The IRIO table consists of 34 provinces and 17 sectors. Referring to our estimation, the labor shock in East Java Province has reduced the output, value-added, and employment in East Java Province by 97 trillion rupiahs, 49.41 trillion rupiahs, and 532,066 labor, respectively. Manufacturing, Wholesale and Retail Trade, as well as Accommodation and Food Service Activities, are the most adversely impacted sectors. Due to sectoral and regional interrelationships, the shock in East Java has influenced the other provinces, ultimately provinces on Java Island and in aggregate, it has reduced national output by 130.02 trillion rupiahs, shrunk the national value-added by 66.37 trillion rupiahs, and forced the 646,999 workers out of jobs with the sectoral impact has a similar pattern to the impact of East Java.

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Contact Name
Shochrul Rohmatul Ajija

Contact Email
shochrul-r-a@feb.unair.ac.id

Phone
+6282227423452

Journal Mail Official
ejavec.journal@gmail.com

Editorial Address
Jl. Pahlawan No.105 Surabaya, Jawa Timur

Location
Kota surabaya,

Jawa timur

INDONESIA

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Home Page

OAI Link

Editorial Team

Contact

Reviewer

Google Scholar

Contact Name Shochrul Rohmatul Ajija

Contact Email shochrul-r-a@feb.unair.ac.id

Phone +6282227423452

Journal Mail Official ejavec.journal@gmail.com

Editorial Address Jl. Pahlawan No.105 Surabaya, Jawa Timur

Location Kota surabaya, Jawa timur INDONESIA

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Contact Name
Shochrul Rohmatul Ajija

Contact Email
shochrul-r-a@feb.unair.ac.id

Phone
+6282227423452

Journal Mail Official
ejavec.journal@gmail.com

Editorial Address
Jl. Pahlawan No.105 Surabaya, Jawa Timur

Location
Kota surabaya,

Jawa timur

INDONESIA