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East Java Economic Journal

ejavec
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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. 6 No. 1 (2022)" : 7 Documents clear

Spatial Spillover Effect of East Java Economic Growth Andiga Kusuma Nur Ichsan; Yessi Rahmawati; Fitria Nur Anggraeni
East Java Economic Journal Vol. 6 No. 1 (2022)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

The present study tries to examine the strategic role of East Java’s economic performance toward national level in spatial-based development. In spatial views, the economics of East Java statistically significant to improve economic growth in the neighboring area or provinces, and also support the East Java’s economic growth itself. The methodology uses for the present study consists of two methods, that are Inter-Regional Input-Output (IRIO) and Spatial Econometrics. First, the IRIO analysis shows the existing of Inter-Regional Spillover Effect in economics of East Java Province. Next, the authors examine if the economy of East Java Province experiences positive growth, it will encourage output growth in Java Island and improve the value added in eastern of Indonesia. Second, the result of SDM confirm that the existing of spatial spillover effect in Inter-Regional Economic of East Java Province. The result confirms the key role to boost economic growth of district/cities in East Java Province, is not only influenced by the region itself (local economy) but also support by spatial interactions with other regions (neighborhood or neighbors). The present study also finds that the neighboring GDRP per capita with other determinants i.e., capital, share of the agriculture sector, share of manufacturing industry and share of the service sector and local government spending have a significant effect on enhancing economic growth in East Java Province. The authors note that it is necessary to consider a spatial framework and approach. One of the policy recommendations in order to encourage economic growth in East Java is to strengthen the Local Value Chain (LVC) in strategic sectors, especially by encouraging inter-regional cooperation.

Solution Idea of MSMEs Based on Cluster in East Java During the Covid-19 Crisis: Can Survive or Not? Shella Elly Sritrsiniawati
East Java Economic Journal Vol. 6 No. 1 (2022)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

Based on history, MSMEs were able to survive the Asian economic crisis. With the COVID-19 pandemic crisis that is currently happening in the world and in the State of Indonesia, especially East Java, it is also affected. This study will explain whether MSMEs will continue to be hero in restoring the economic conditions of the East Java Region. Solutions and strategic ideas that may be carried out by East Java MSMEs in order to be able to survive on COVID-19 pandemic, one of which is a cluster based approach. Solution ideas related to the development and growth of MSMEs clusters in East Java need to be supported by innovation business based on incubation proces. Activities with incubators system for MSMEs that are still premature. Strategic ideas in the context of sustainable economic recovery due to the pandemic depend on the ability of East Java MSMEs to increase innovation. It was concluded that East Java MSMEs could implement a cluster based system to strengthen the network and supply of resources needed in the business. By forming clusters and implementing a marketing strategy expansion, geographic coverage, wide distribution and cost products efficiency strategies. So, it can be maintaining production and increasing productivity to optimization resource channels as to expand domestic and international markets.

Recovery of Household Consumption as Accelerator of Economic Recovery in East Java: Empirical Study and Macro Policy Strategies Muhamad Fathul Muin
East Java Economic Journal Vol. 6 No. 1 (2022)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

The Covid-19 pandemic has harmed the economy in East Java. Households with the largest share of RGDP also experienced sluggish demand, which impacted the economic decline in East Java of more than eight trillion rupiahs. Economic recovery efforts through household consumption recovery are one of the strategic options to accelerate general economic recovery. Therefore, this study was conducted on RGDP data for household expenditure groups in all districts/cities in East Java during the 2016-2020 period using a panel regression analysis approach. The variables used include household consumption GRDP growth, inflation, regional poverty profile, percentage of internet users for online shopping, and the realization of social spending per capita of the poor. The findings of this study indicate that household consumption in East Java is classified as inelastic to price changes. It is due to the dominance of food consumption and controlled inflation. Meanwhile, the regional poverty profile has a negative impact on the recovery of household consumption. It shows that districts/cities with a high percentage of poor people tend to be more difficult to recover. Furthermore, the digitalization of the economy through e-commerce has not yet had a significant effect on the recovery of household consumption. It is due to the low use of the internet for online shopping among the population. The realization of social assistance per capita has a positive effect in encouraging the recovery of household consumption, although the contribution given is relatively small. It is caused by the low social assistance received compared to the loss of income experienced by the community. As a follow-up, there are four policies that the government can take to encourage the recovery of household consumption, including the sustainability of food price stabilization policies, increased penetration and digital education for MSMEs and the public, a combination of massive and comprehensive poverty alleviation policies, and synchronization of fiscal policy between government level.

East Java Economic Analysis on Sectoral and Regional Linkages (Inter Regional Input-Output Analysis) Tika Meilaningsih; Widya Yuniastuti
East Java Economic Journal Vol. 6 No. 1 (2022)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

East Java's economic recovery due to the Covid-19 pandemic is no better than the national economic recovery. In 2020, East Java's economic growth contracted by 2.33 percent (y-on-y), deeper than the national economy which contracted 2.07 percent (y-on-y). Moreover, when the national economy began to recover and grew to 3.69 percent (y-on-y) in 2021, East Java's economic growth only increased by 3.57 percent (y-on-y). These conditions indicate that the East Java economy is in need of appropriate and comprehensive policies to support the acceleration of economic recovery. Viewed from the high contribution of the Manufacturing Industry (C) sector to East Java's GRDP in recent years, this sector has the opportunity to be encouraged to grow. However, GRDP has not been able to explain the interlinkages between economic sectors that occur in a region. By using the 2016 IRIO table, input-output analysis can provide more complete and comprehensive information covering inter-sectoral and inter-regional linkages that cannot be captured only from GRDP figures. The results showed that the Manufacturing Industry (C), Electricity and Gas Procurement (D), and Information and Communication (J) sectors were the key sectors in East Java. These key sectors, especially Information and Communication (J) and Manufacturing Industry (C), have the potential to boost output in East Java as a whole. Spatially, seen from the input transaction pattern, among others, East Java transactions are dominated by transactions with other provinces on the island of Java, some provinces on the island of Kalimantan, as well as provinces in Eastern Indonesia (KTI), namely Bali-Nusa Tenggara, Sulawesi, and Maluku- Papua. The demand for intermediate input from KTI, especially Bali-Nusa Tenggara, is dominated by DKI Jakarta and East Java. Seeing the location of East Java which is closer to the provinces in KTI, makes it an opportunity to increase the supply of East Java's output to KTI.

The Role of East Java as A Trade Hub for Eastern Indonesia Muhammad Dzul Fadlli
East Java Economic Journal Vol. 6 No. 1 (2022)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

The role of East Java as a trade hub for eastern Indonesia is still in doubt. This study aims to analyze the role of East Java as a trade hub for eastern Indonesia (KTI). This research was conducted descriptively using interregional input-output (IRIO) data with 52 industries in 2016 from BPS. The results of this study show that the proportion of East Java's exports to eastern Indonesia is still small. Although small in proportion, exports by East Java to eastern Indonesia are very profitable for East Java. The value of East Java's exports is greater than the value of its imports. The majority of East Java's exports are used to meet final demand needs. Meanwhile, imports by East Java from eastern Indonesia are dominated by intermediate demand in East Java. Bali is East Java's largest export destination in Eastern Indonesia, followed by Papuan, NTB and NTT. Industries with dominant export values to eastern Indonesia include the Food and Beverage Industry and the Tobacco Processing Industry. Meanwhile, the dominant imports came from a season and annual plantation industry and the metal ore mining industry.

Spillover Effects or Endowment Factors Caused Regional Inequality in Gresik District? Gigih Prihantono; Herlina Eka Subandriyo Putri; Oldheva Genisa Sabilau
East Java Economic Journal Vol. 6 No. 1 (2022)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

Gresik Regency is one of the centers of growth in East Java Province. With a location agglomeration area in East Java Province, it is not surprising that Gresik Regency gets an economic spillover (spillover effect) from the City of Surabaya. The spillover effect is an impact that arises because of the dependence relationship between the growth poles and the surrounding area. The main method in this research is use econometric models. The unit of observation of this study includes the dependent variable, namely regional disparity as measured by the Williamson Index, and independent variables, namely factors that theoretically affect regional disparities. The unit of analysis in this study includes 18 (eighteen) sub-districts in Gresik Regency. The areas with a high disparity level (IW value 50<) are located in areas bordering the city of Surabaya, such as Gresik istrict, Kebomas District, Cerme District, Menganti District and Driyorejo District. The study prove that the impact factor regional spillover has an significantimpact on the overall regional development.

Flash Estimates of Household Final Consumption Expenditure in East Java Rizky Zulkarnain
East Java Economic Journal Vol. 6 No. 1 (2022)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

The purpose of this study is to construct a flash estimates model for household final consumption expenditure in East Java. There were 153 indicators that were used, covering Big Data and non Big Data indicators. Indicators from Big Data were the Google Trends indicators. The Google Trends categories were selected based on the highest correlation coefficient. While the non Big Data indicators were the total deposit, consumption credit, consumer lending rate, term deposit rate (1, 3, and 6 months), withdrawal (outflow), and Consumer Price Index (CPI). This study examines several models: ARIMA, ADL, Elastic Net, Support Vector Machine, Random Forest and Ensemble. The models were examined using various scenarios of out-of-sample and estimation periods (t+10 days, t+20 days and t+30 days). The prediction performance of models were evaluated using Root Mean Squared Error (RMSE) and Mean Absolute Percentage Error (MAPE). The evaluation results showed that the Elastic Net and the Ensemble were the best model for any scenarios. Both models had good performance since t+10 days.

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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

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Abstract

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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