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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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TECHNICAL EFFICIENCY OF SAVING AND LOAN COOPERATIVES IN GERBANGKERTASUSILA, EAST JAVA PROVINCE: A TWO-STAGE ANALYSIS Mochamad Fajar Insani; Atik Purmiyati
East Java Economic Journal Vol. 3 No. 2 (2019)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

The purpose of this research is to assess the level of technical efficiency of the Savings and Loans Cooperative (KSP) in Gresik, Bangkalan, Mojokerto, Surabaya, Sidoarjo, and Lamongan (Gerbangkertasusila), Indonesia, and to identify the factors that influence the level of technical efficiency of the Savings and Loans Cooperative in Gerbangkertasusila. Two Stage Analysis that used are Data Envelopment Analysis and Tobit regression. Variables are used in the DEA as output, specifically the remainder of the cooperative’s business (SHU), whereas input includes the number of members, own capital, number of employees, and business volume. The second stage involves analyzing the determinants of technical efficiency using Tobit regression, with the independent variables being cooperative age, external capital, assets, and managers. The results showed that the average level of technical efficiency of the KSP was 60.4 percent, with 16 KSP being the most efficient. Meanwhile, the Tobit regression results show that simultaneously the variables have an influence on the level of technical efficiency of the KSP. Partially the cooperative age and external capital variables have no significant effect on savings and loan cooperatives, while asset and managers have a significant positive effect on the level of technical efficiency of savings and loan cooperatives.

PERKEMBANGAN EKONOMI, INFLASI, DAN STABILITAS SISTEM KEUANGAN PROVINSI JAWA TIMUR SEMESTER II – 2017 Tim Penulis Laporan
East Java Economic Journal Vol. 2 No. 1 (2018)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

Perekonomian Jawa Timur pada semester II 2017 menguat dibandingan semester sebelumnya, diiringi dengan tekanan inflasi Indeks Harga Konsumen (IHK) yang lebih rendah dan stabilitas sistem keuangan daerah masih terjaga. Akselerasi ekonomi Jawa Timur pada semester II 2017 terutama disebabkan oleh perbaikan kinerja eksternal dan peningkatan investasi. Dari sisi inflasi, berakhirnya penyesuaian tarif listrik dengan daya 900VA menopang rendahnya tekanan inflasi IHK (yoy) Jawa Timur dibandingkan paruh pertama 2017. Lebih lanjut, terjaganya stabilitas sistem keuangan Jawa Timur tercermin dari terkendalinya NPLperbankan dan terjaganya rasio keuangan korporasi. Akselerasi kinerja perekonomian Jawa Timur yang lebih tinggi tertahan oleh perlambatan kinerja konsumsi swasta dan peningkatan impor luar negeri. Pada Semester I 2018, kinerja ekonomi Jawa Timur diperkirakan tetap tumbuh tinggi sebagaimana pertumbuhannya pada paruh kedua 2017. Optimisme tersebut ditopang oleh potensi peningkatan konsumsi swasta dan pemerintah sejalan dengan berlangsungnya Ramadhan, Idul Fitri, dan Pemilihan Kepala Daerah (Pilkada). Inflasi IHK Jawa Timur diperkirakan kembali pada sasaran inflasi 3,5%±1% seiring meredanya tekanan inflasi di kelompok administered prices, terjaganya inflasi inti, dan rendahnya potensi peningkatan tekanan inflasi kelompok volatile food. Lebih lanjut, sejalan dengan nasional, stabilitas sistem keuangan dan kinerja perbankan Jawa Timur diperkirakan masih stabil pada paruh pertama 2018.

Technical Efficiency and Its Influence on The Growth of The Manufac- turing Sector in East Java: A Case Study on The Gerbangkertasusila Plus Development Area Suhindarto; Yulya Aryani; Wina Andari
East Java Economic Journal Vol. 4 No. 2 (2020)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

The manufacturing industry has emerged as key sectors to the national and regional economic growth in East Java. This study estimates the efficiency of the manufacturing industry in East Java and analyzes the factors that influence the industrial sector using the efficiency value as one of the explanatory factors. The object of this research is the manufacturing industry in regency and/or cities in East Java for the period 2012-2015. The results showed that Tuban Regency, Pasuruan Regency, Sidoarjo Regency, Mojokerto City, and Surabaya City were a region that had relatively efficient industrial efficiency values during the 2012-2015 period. However, the average change in total production for all manufacturing industries in the Gerbangkertasusila Plus Development Area during 2012-2015 showed a decline. Moreover, the level of labor utilization and capital expenditure are a determining factor in the level of productivity of the manufacturing industry in East Java.

THE EFFECT OF FINANCIAL INDEPENDENCE ON ECONOMIC GROWTH OF THE GERBANGKERTASUSILA REGION Risa Aulia Ramadhani; Zidna Fitriyana
East Java Economic Journal Vol. 3 No. 2 (2019)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

This study aims to determine the effect of financial independence on economic growth in the Gerbangkertasusila area (Gresik, Bangkalan, Mojokerto, Surabaya, Sidoarjo, Lamongan), East Java. Regional financial independence is measured using the ratio of regional original income and the ratio of balancing funds to total regional income. This study uses panel data types with Random Effect models and time series data with the research period from 2010-2017. The results show that in the panel data model, local revenue (PAD) has a significant positive effect on economic growth. PAD reflects the source of income from the area so that when PAD has a positive effect on economic growth, it means that the higher regional financial independence will affect higher economic growth. Then, in the time series data model, it was found that there were five districts/cities with a positive and significant effect on local revenue, namely Bangkalan Regency, Mojokerto Regency and City, Surabaya City, and Sidoarjo Regency. On the other hand, there are four district/city balancing funds that have a signifi cant effect, namely Bangkalan Regency, Mojokerto Regency, Surabaya City, and Lamongan Regency

PERKEMBANGAN EKONOMI, INFLASI, DAN STABILITAS SISTEM KEUANGAN PROVINSI JAWA TIMUR SEMESTER I – 2018 Tim Penulis Laporan
East Java Economic Journal Vol. 2 No. 2 (2018)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

Perekonomian Jawa Timur pada semester I 2018 sedikit melambat dibandingkan semester sebelumnya, namun diiringi dengan rendahnya tekanan inflasi Indeks Harga Konsumen (IHK) dan stabilnya sistem keuangan daerah. Perlambatan pertumbuhan ekonomi Jawa Timur terutama disebabkan oleh belum kuatnya kinerja ekspor luar negeri. Dari sisi perkembangan inflasi, rendahnya inflasi disebabkan oleh penurunan inflasi kelompok administered price dan core inflation dibandingkan paruh kedua 2017 seiring dengan hilangnya base effect kenaikan tarif dasar listrik di tahun 2017. Lebih lanjut, terjaganya stabilitas keuangan daerah tercermin dari masih positifnya pertumbuhan kredit, terjaganya rasio Non Performing Loan (NPL) di kisaran 3%, serta masih kuatnya kinerja sektor korporasi dan sektor Rumah Tangga di Jawa Timur. Pada semester II 2018, kinerja ekonomi Jawa Timur diperkirakan tetap tumbuh tinggi seiring dengan perkiraan peningkatan konsumsi swasta dan kinerja net ekspor antar daerah sebagai dampak adanya momen Natal dan Tahun Baru. Inflasi IHK Jawa Timur pada semester II 2018 diperkirakan sedikit meningkat dibandingkan pencapaian pada paruh pertama 2018, dengan peningkatan bersumber dari kelompok volatile food dan core inflation. Meskipun meningkat, namun inflasi Jawa Timur diperkirakan tetap dalam batas sasaran inflasi 3,5%+1% seiring dengan terjaganya pasokan dan intensifnya upaya pengendalian inflasi. Dari sisi stabilitas keuangan daerah dan kinerja perbankan Jawa Timur, kinerja pada semester II 2018 diperkirakan tetap baik dengan risiko kredit dan risiko likuiditas yang tetap terjaga.

The Role of Cash-Waqf Capital Ventures to Supply Shock Liquidity of Sharia Banks in East Java: Multivariate Threshold Autoregressive Simulation Model Fadili; Renita Nur Pratiwi
East Java Economic Journal Vol. 4 No. 2 (2020)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

Adequacy of liquidity is very important for Islamic banks to carry out their main functions as Islamic financial intermediaries and provide financing for the real sector. However, many Islamic banks are proven to have a shock in providing liquidity due to the weak capital structure of the bank. While cash-waqf funds can be a potential source of capital for sharia banks if managed as capital investments in sharia banks with a mudharabah or musyrakah contract. Therefore, using the autoregressive multivariate threshold simulation model approach, this study attempts to analyze the dynamic interaction between the monetary policy regime, cash-capital capital ventures, Islamic bank liquidity and inflation in East Java. The participation of waqf funds on Islamic bank capital is simulated at 1%, 5% and 10% with two regimens of threshold models, namely a tightening monetary policy regime and a monetary policy easing regime. The data in this study were obtained from Statistik Perbankan Syariah (SFS) published by the OJK and BI with the observation period of 2014.M1 - 2018.M6. The results show that the inclusion of waqf funds in Islamic bank capital is able to reduce the length of the period and the sharia bank liquidity shock both in high interest rate policy regime and low interest rate regime.

DOES FINTECH PAYMENT GATEWAY EFFECTIVE IN IMPROVING INCOME OF MICROENTERPRISES IN SURABAYA? Raihan Maramba Mahardhika Paripurna; Shochrul Rohmatul Ajija
East Java Economic Journal Vol. 3 No. 2 (2019)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

This study aims to examine the effect on the income of Micro and Small Enterprises (MSEs) in Surabaya. This study uses a quantitative research approach, Paired t-test and Independent t-test methods. The variables used are income, payment gateway, capital, and labor. Type of data source is primary data which is taken directly in the field by the author, namely MSEs who move in several sectors. The result is that the income of MSEs in Surabaya, the use fintech payment gateway, has a significant effect on increasing income by using the paired t-test method. Conversely, if use the Independent t-test payment gateway does not have a significant effect.

DOES STUNTING ASSOCIATE TO THE TOTAL FACTOR PRODUCTIVITY? A CASE OF EAST JAVA, INDONESIA Mohammad Zeqi Yasin; Hesti Retno Budi Arini
East Java Economic Journal Vol. 3 No. 2 (2019)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

Although stunting prevalence and many economic indicators are claimed associating to long-term correlation, the finding of this question might signal the policy arrangement that should be taken. This study aims to examine the correlation of Total Factor Productivity (TFP) growth and stunting prevalence of the 38 districts in East Java, Indonesia from 2017 to 2019. By employing fixed-effect model to estimate TFP growth using Growth Accounting approach, as well as quantitative approach and pairwise correlation, to identify the correlation between TFP growth and stunting prevalence, this study found that there is a negative association between TFP growth and stunting prevalence. Moreover, an intriguing finding reveals that districts with largest Gross Domestic Regional Product (GDRP) shows the strongest correlation amongst others. A plausible reason of this result is that district with large GDRP might allocate more budget for stunting reduction programs, for example the district of Sidoarjo. The negative association between TFP growth and stunting prevalence is then confirmed by statistical results of pairwise correlation from Pearson and Spearman’s Rho that both show significant correlation between those two indicators by larger than 0.3, indicating a non-trivial association between TFP growth and stunting prevalence. Keywords: Stunting Prevalence, TFP Growth, East Java.JEL : I15, I18, O47

Regional Expenditure Allocation Optimal Point Simulation Using Data Development Programming in Achieving a Resilient Regional Economy in East Java Britany Sembiring Sembiring
East Java Economic Journal Vol. 4 No. 2 (2020)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

This study aims to find the optimal point of the allocation of local government spending to increase economic growth in the region and create a resilient economy. The methods used are (1) clustering regional potential based on LQ and the level of pandemic impact based on the Covid Intensity Index; (2) efficiency measurement and benchmarking of local government expenditure allocation using DEA; (3) development of an alloxy optimal point simulation application using LP, and; (4) robustness testing using the OLS method. This study uses input data originating from realization based on the functions of 509 local governments in 2019 and 2020, HDI, PMTB, Manpower, and output in the form of GRDP growth. The results of this study show that the efficiency of local government expenditure allocation management has a positive correlation with economic growth. The results of this analysis are specific recommendations for each region in achieving the most optimal level of growth and efficiency. This simulation can provide a solution on how to manage APBD management as a government intervention to increase the economic resilience of the economy against the impact of the pandemic as well as under normal circumstances.

i-SMARTS: Digitalization of Agrotechnopreneurship-Based MSME Development to Support Acceleration of East Java Economic Recovery in The Middle of The Covid-19 Pandemic Silvia Mayningrum; Kamil Muhtadi
East Java Economic Journal Vol. 5 No. 1 (2021)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

The COVID-19 pandemic has had a negative impact on MSMEs in East Java Province, one of which experienced a decline in sales and customers due to the PSBB and PPKM policies. The policy requires all MSMEs to carry out business activities online, but not all MSME actors are able to carry it out. The aims of this study were to analyze the perceptions of MSME actors in East Java during the COVID-19 pandemic, to find out the agrotechnopreneurship-based i-SMARTS system model, and to analyze the impact of the i-SMARTS system on the income of MSME actors and Gross Regional Domestic Product of East Java. The method of determining the sample in this study used the convenience sampling method with a total sample of 30 respondents. The data analysis used in this study were a Likert scale, systems approach analysis, and simulative descriptive analysis. The results showed that the perception of MSME actors towards business activities during the COVID-19 pandemic was 73.2% which means that MSME business activities are still less effective and as many as 78.9% of respondents really need an institution that oversees MSMEs in East Java. i-SMARTS as an agrotechnopreneurship-based institution offers various facilities to assist MSME actors in increasing their income during the COVID-19 pandemic. The application of i-SMARTS based on agrotechnopreneurship was able to increase the income of MSME actors during the COVID-19 pandemic from IDR 5,571,666.67 to IDR 9,750,416.67 and had implications for an increase in Gross Regional Domestic Product of East Java. i-SMARTS is the right solution strategy to overcome all the problems faced by MSME actors during the COVID-19 pandemic and develop the MSME sector to support the acceleration of East Java’s economic recovery.

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Shochrul Rohmatul Ajija

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Jl. Pahlawan No.105 Surabaya, Jawa Timur

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Kota surabaya,

Jawa timur

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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