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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 119 Documents

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DETERMINING NEW EXPORT GOALS AND COMPETITIVE STRATEGIES FOR THE JEWELRY INDUSTRY IN EAST JAVA IN A GLOBAL VALUE CHAIN PERSPECTIVE Pranakusuma Sudhana
East Java Economic Journal Vol. 2 No. 1 (2018)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

Global Value Chain (GVC) is a relatively new concept where the process to produce goods or services occurs across countries. Previous research has concluded that integrating in GVC is important for a region to promote its economic growth. One indicator of a region's involvement in GVC is its export value at which in the Province of East Java, the jewelry industry (HS code 71) is the largest export contributor. This study aims to identify new export destinations based on trade data and to analyze internal factors of strength and weakness as well as external factors of opportunity and threat to formulate strategy to improve the competitiveness of jewelry industry with small, medium and large scale in East Java. In this research, the trade balance of jewelry industry between Indonesia and East Java and global importers was analyzed. The results show that some countries in Asia and Oceania, Europe and America are potential markets for the gold industry in East Java to increase the current value of exports. The geographical location of East Java which is close enough to the current export destination countries of jewelry products (Taiwan, Japan and Singapore) as well as potential destinations (India and China) is a competitive advantage. This research also identifies several strategies that can be done by the stakeholders in developing the jewelry industry in East Java.

DEMOGRAPHIC BONUS IN EAST JAVA: BLESSING OR DISASTER? Iis Dwi Permatasari
East Java Economic Journal Vol. 2 No. 1 (2018)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

Demographic bonus is a phenomenon that occurs in every developing country including Indonesia. In Indonesia this phenomenon could be backfire if thegovernment can not exploit this phenomenon with the right policy. The United Nations states that demographic bonuses in Indonesia will peak in the period of 2020-2030. This paper shows the effect of demographic bonus on Gross Regional Domestic Product (GRDP) by using panel data. The regency/municipality being the sample in this research is Surabaya. Banyuwangi, Tuban, Probolinggo, Blitar, Lamongan with vulnerable time from 2010-2015. The method used in this research is by using Panel Error Correction (PEC), Vector Autoregressive (VAR) and Autoregressive Integrated Moving Average (ARIMA). The results of this study indicate that in the short and long run demographic bonus have a significant effect on East Java GRDP. Furthemore, the policy on demographic bonus is not optimal in supporting the increase of East Java GRDP. Finally, calculations using ARIMA indicate a decrease in GRDP in the next few years.

THE ROLE OF THE TOURISM SECTOR ON THE ECONOMY OF EAST JAVA: INPUT-OUTPUT ANALYSIS Eka Andri Kurniawan
East Java Economic Journal Vol. 2 No. 1 (2018)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

Indonesia is a country that regulates the authority of regional government. Local governments are given the freedom to regulate their own regions with regionalautonomy to explore the potential of each region. Thus, development must determine the priority of the potential of one of the tourism sector. For examplecultural tours, history, nature or artificial, religious. Tourism is a large and growing industry. The development of tourism is very influential and influenced by other sectors because tourism is a mulitectorectoral that has links with other sectors. East Java province is renowned for its tourism potential, many historical attractions, for recreation, education and more. The development and change of the tourism sector cannot be separated from the interrelationship with other sectors of the economy, and vice versa. The occurrence of changes in one sector of the economy, will also affect the tourism sector. The inter-sectoral linkages in the economy can be seen in Input-Output Analysis. Input-Output Analysis is an analysis of the region's economy comprehensively as it sees the inter-sectoral linkages of the economy in the region as a whole. This study aims to find out how the role of the tourism sector in the formation of output, gross added value, demand between and end of East Java Province, how much is related to other sectors, the economic impacts of economic growth, income and employment are viewed based on Multiplier effects on output, income and labor. The data collected in this study is secondary data Table InputOutput East Java Province. Analyzer uses APLIKASI I-O PAU UGM 2000 and Microsoft Excel. The result, it is expected that the tourism sector has an important role in the formation of GDP, labor, demand between and the end of demand, as well as direct output linkage forward.

EAST JAVA’S PRODUCTIVITY GROWTH: EVIDENCE OF INDUSTRIALIZATION OR DEINDUSTRIALIZATION IN THE JAVA ISLAND? Miguel Angel Esquivias Padilla
East Java Economic Journal Vol. 2 No. 2 (2018)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

This study estimates Technical Efficiency (TE) and Total Factor Productivity (TFP) to analyze the sources of growth in the province of East Java in Indonesia. Technological progress, technical efficiency change, and scale effects are estimated through a stochastic frontier analysis (SFA) to break up different sources of growth within manufacture. This study looks at patterns of output expansion by differentiating gains from conventional sources –input growth and technological progress- and non-conventional sources –technical efficiency change and scale effects-. Results are aggregated based on tech-intensity, firm size, capital to output ratio employed, and labor skills. It also compares East Java with the other five provinces in the Java Island, the manufacturing corridor of the country. As expected, manufacturing sector is growing through input growth effects and tech progress-conventional sources- but underperforming in productivity by having negative efficiency change and negative scale effects. Labor has the largest elasticity to output (0.436), capital and raw materials have a much lower elasticity, and energy has a large negative one (-3.097) also causing a sharp increase in the cost of production. Low-tech firms, higher skills, and medium in size perform 72% better than average (TFP). MLT firms with labor-intensive and medium-size firms perform 58% better than average. However, champion industries have lower skills, good access to materials, and are less intensive in energy use. Some features of firm performance are: firm with larger portions of human skills capture the largest TE and higher TP values; those under high skills report larger losses due to negative scale effects; labor-intensive firms have larger TFP (less efficient but less exposed to energy prices).

OPTIMIZING DEMOGRAPHIC DIVIDEND IN PERSPECTIVE OF RETURN ON EDUCATION IN EAST JAVA: TO SCHOOL, TO WORK, OR TO ENTREPRENEUR? R. Dimas Bagas Herlambang
East Java Economic Journal Vol. 2 No. 2 (2018)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

Human capital highly affects economics productivity. Thus, education plays an important factor in every demographic dividend. This study will estimate the return on education to paid-employment and self-employment in East Java using SAKERNAS 2012. Using Mincerian specification and Sohn model, this study analyzed the baseline model and to analyse further in self-employment. This study will also compare result in East Java with National and other Java province. Results from estimation found that return on education in East Java is generally higher than national, but lower than West Java. As for self-employment, return on education in East Java is lower than paid-employment, but in the lowest magnitude if compared with National and other Java region. Labor market flexibility that analyzed in this study also shows that East Java relatively more flexible. As a matter of opportunity cost, the low return rate of education in East Java demand some adjustment in education and labor market policy to optimize the economic outcome.

DEVELOPMENT STRATEGY OF EAST JAVA TOURISM AS AN ALTERNATIVE SOURCE OF ECONOMIC GROWTH Abraham Risyad Al Faruqi; Faizal Rahmanto Moeis; Kurniawati Yuli Ashar
East Java Economic Journal Vol. 2 No. 2 (2018)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

The economic condition of East Java has been good lately by consistently having economic growth above the national economic growth and consistently contributing above 14% of Indonesia’s GDP from 2011 to 2016. However, lately East Java’s economy has slowed down due to the slowing down of its main industry sector, which is the manucfacturing sector. Looking by the growth trend that continues to increase, the tourism sector is considered to be a promising sector as an alternative source of economic growth in East Java. Other than that, to consider tourism sector as an alternative source of growth, we must see the linkage of the tourism sector to other industry sectors. This will be proven by using the Input-Output Analysis and the tourism sector is proven to have a wide linkage to other industry sectors. The strategy analysis of the development of tourism sector as a growth alternative source is continued by using the panel data regression with model developed by Joshi, Pouydal, & Larson (2017) with the study case of 30 provinces in Indonesia from the year 2010-2015. This analysis will also be linked to the model of tourism multiplier. Based on the analysis, there are 3 strategies for the development of tourism sector, which is increasing the conducive socioeconomic conditions, development of tourism infrastructure, and development of tourism resources.

EAST JAVA HALAL TOURISM OUTLOOK: POTENTIAL ANALYSIS AND STRATEGY FOR EAST JAVA HALAL TOURISM DEVELOPMENT Muhammad Mufli
East Java Economic Journal Vol. 2 No. 2 (2018)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

East Java is included in the strategic area of national halal tourism development by the Ministry of Tourism. This was supported by the existence of religious tourism objects, natural and artificial tourism attractions, organizing annual cultural events, and adequate infrastructure. The purpose of this research is to review the potential and formulate strategies for the development of halal tourism in East Java. This research uses secondary data with qualitative method and SWOT analysis technique. Internal analysis shows the strengths and weaknesses factor as well as external analysis shows the opportunity and challenge factors of weakness in the development of halal tourism in East Java. Strength factors include diversity of tourist destinations, infrastructure to support the mobility of tourists, and level of tourist visits. Weakneses factors include promotion and branding, skilled human resources, as well as supporting facilities for halal tourism. Opportunity factors include government policy support, existence of supporting institutions and international reputation of halal tourism Indonesia. Threat factors include economic stability, security stability and competition for the halal tourism industry. Based on the analysis of internal and external factors, the formulation of the development strategy of halal tourism in East Java among others : a) S-O strategy: encouraging domestic and foreign investment in the development of halal tourism in East Java; b) W-O strategy: development of East Java halal tourism information center platform; c) S-T strategy: create a brand identity for East Java halal tourism titled “Khazanah Jawa Timur”; d) W-T strategy: establishment of special economic zone for east java halal tourism.

FORMATION OF COMPOSITE GLOBAL COMMODITY PRICES AS AN INFLATION INDICATOR FOR EAST JAVA Anisha Wirasti Cahyaningrum
East Java Economic Journal Vol. 2 No. 2 (2018)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

With the average contribution of imports to Gross Regional Domestic Product (GRDP) in the last five years reaching 19.1%, the dynamics of global commodity prices also influence the economic performance of East Java, including the movement of inflation. A composite indicator of global commodity prices is needed to find out the impact of changes in various global commodity prices on inflation in East Java. By adopting the Bank Indonesia methodology in forming a composite global price known as the Imported Inflation Price Index (IHIM) which has considered the method of forming a global composite price created by the IMF (IMF Commodity Price Index), the compilation of East Java global price composites also examines the accuracy of commodity selection and aspects of data availability. The selected global price composite for East Java is a composite of seven global commodities which include food (wheat, soybeans, corn and CPO) and non-food (iron, gold and oil). These are two aspects determining the relative weight, namely (I) the import portion of the total input based on the Input-Output table and (ii) the commodity weight of derivatives in the East Java Consumer Price Index (IHK) basket. Furthermore, with OLS regression, the composite of East Java global commodity prices affects the core-traded inflation movement in East Java. Thus, the composite of global commodity prices in East Java can be used as an indicator of East Java inflation projections, especially core-traded inflation. This study, in general, will also examine the effect of the exchange rate impact on the movement of core inflation, especially traded groups in East Java. Based on the regression results it is known that the impact of the exchange rate movement on core traded inflation in East Java is more significant than the effect of world commodity price movements.

THE EFFICIENCY OF LARGE AND MEDIUM SCALE OF THE FOOD AND BEVERAGE INDUSTRIAL PRODUCTION IN EAST JAVA: DATA ENVELOPMENT ANALYSIS (DEA) AND STOCHASTIC FRONTIER ANALYSIS (SFA) APPROACHES Shochrul Rohmatul Ajija; Mohammad Zeqi Yasin; Jarita Duasa
East Java Economic Journal Vol. 2 No. 2 (2018)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

This study aims to estimate the technical efficiency of food and beverage industry in East Java in 2011 to 2013 using micro data at the company level. Stochastic Frontier Analysis (SFA) and Data Envelopment Analysis (DEA) are used to estimate technical efficiency. The output variable was the value of production, while input variables were capital, labor, raw material, and energy. The Likelihood Ratio test dictates that the Translog production function is more appropriate for use in this study. The estimation results show that the efficiency of food and beverage companies in East Java by using SFA has decreased significantly by 3.02%, whereas with the DEA method, the average technical efficiency has increased by 0.583% compared to the beginning of the year in 2011. In addition, there is difference in the efficiency value between SFA and DEA. The technical efficiency value of SFA calculation is greater than that of DEA. The dissimilarity is caused by the difference of specification in both methods related to the interaction between uncaptured variables in the DEA method. The results of this policy have implications on the government's obligation to pay attention to the food and beverage industry in order to suppress the company’ various operating costs, such as maintenance for old machines, which has an impact on on technical efficiency or improve the ability of labor in terms of machinery utilization. Therefore, in the following year, the performance of the food and beverage industry as the largest sub-sector in manufacturing is able to show the progress.

ANALYSIS OF THE IMPACT OF SURAMADU BRIDGE DEVELOPMENT TO THE ECONOMIC GROWTH OF ITS CORE AND PERIPHERY REGIONS Liza Setya Eka Hasul; Ari Dwi Jayanti
East Java Economic Journal Vol. 3 No. 1 (2019)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

East Java is one of the provinces in Indonesia which economic growth is above the national average. The city of Surabaya is the biggest contributor to the economy of East Java. Approximately 24% of the GDRP of East Java comes from this city. Although Bangkalan Regency is one of the bordering regencies of Surabaya, its economic growth is relatively low compared to the other bordering regencies. One of the government efforts to reducethe regional inequality is by building the Suramadu Bridge. According to the polar theory of growth, there are two possibilities that may occur as a result of regional interconnectivity. The first is centrifugal force which drives the population and its activities to move out of the core area followed by relocation of urban sectors and zones. The second is centripetal force which encourages population and activities to move towards the centeror core. The objective of this study is to assess the impact of the construction of the Suramadu National Bridge on economic growth in the core and periphery regions. Using Difference-in-Difference method, we found that the impact of the construction of the Suramadu Bridge on economic growth was greater in the periphery area than in the core area. This result might also imply that the development of Suramadu Bridge also resultedin the formation of centrifugal force which encouraged the economy to develop from the core to the periphery. JEL : R1, R4, O4, I1, I2

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Shochrul Rohmatul Ajija

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

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+6282227423452

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

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Kota surabaya,

Jawa timur

INDONESIA

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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

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