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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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Determinants of Credit Decision Making by Micro Enterprises in Surabaya Muhammad Firdaus Nur Ananda; Shochrul Rohmatul Ajija
East Java Economic Journal Vol. 5 No. 1 (2021)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

This study aims to see how financial literacy factors and business cycle conditions and other variables affect the decision of micro-entrepreneurs in Surabaya to apply for credit. In total of 450 micro-entrepreneurs in Surabaya were sampled in this study. Retrieval of data using the Non-Probability Sampling method, which is a sampling technique in which all members of the population do not have the same opportunity to become research samples. Based on the results of the analysis, it shows that together all independent variables have an influence on the dependent variable, the credit decision. Furthermore, business cycle conditions, collateral ownership, and government policies have a positive and partially significant effect on credit decisions.

Decision to Work in the Formal and Informal Sector: Empirical Evidence from East Java Province Siti Munawaroh
East Java Economic Journal Vol. 5 No. 1 (2021)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

This study examines individual determinants of entering employment in the formal and informal sectors in East Java Province. This study uses the 2014 Indonesian Family Life Survey (IFLS) (wave 5) microdata. The analysis used in this study is logistic regression analysis. The results of this study indicate that the level of education as measured by years of schooling and wages has a significant positive effect on the decision of workers to work in the formal and informal sectors. It means that individuals with higher levels of education and high wages have a greater tendency to work in the formal sector than in the informal sector.

Determinants of Production of Agricultural Commodities of Food Crops in Bojonegoro Regency (Case Study of Farmers Accessing Tani Card and Non Accessing Tani Card) Yuli Arma Andika
East Java Economic Journal Vol. 5 No. 1 (2021)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

The Agricultural economy becomes an important issue in developing Bojonegoro’s Regen cy economy through the agriculture development program. Therefore, research dealing with the agriculture economy is still needed. This research aims to find out the influence of Labor, Land Area, Modal, fertilizer, and Farming Card to increase agriculture commodity production of crops in Bojonegoro Regency. This research uses quantitative descriptive research, the source of data used comes from primary data. The number of samples used in this research was 100 respondents. The technique of analyzing data was the ANCOVA method – multiple linear regression by using software Eviews 9. The results of the study showed simultaneously labor variables, land area variables, capital variables, fertilizer variables, and farming card variables had a significant effect and positively related to increased production of crop commodities. Partially, labor, land area, and capital significantly and positively correlated to the production of the crops. Meanwhile, fertilizer and Farming Card positively correlated but did not significantly influence the production of the crops. The Proportion of independent variable calculation explains the variance of crop production improvement in Bojonegoro Regency was 78.27%. Meanwhile, 21.28% explained by other variables outside the research. Thus, it is expected that the roles of related stakeholders to improve the agricultural economy.

The Potential Increase of Household Consumption Through Online Shopping as East Java Economic Growth Acceleration Effort in The Covid-19 Pandemic: Optimization of Social Demographic and Spatial Factors Taly Purwa; Yusi Krismaningtyas
East Java Economic Journal Vol. 5 No. 1 (2021)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

The economic shock as a result of the Covid-19 pandemic resulted in an economic contraction, including East Java. The shift in consumer behavior in utilizing e-commerce to adapt to pandemic constraints is a good catalyst for stimulating household final consumption as the largest shareholder in the East Java economy. This study tries to identify socio-demo graphic and spatial factors that can be optimized for the acceleration of East Java’s eco nomic growth during the disruption from the demand side. The results of the identification of individual behavior in online shopping as well as district/city aggregates indicate several socio-demographic and spatial factors that can be optimized. Mapping districts/cities based on the dimensions of online shopping activities and ICT infrastructure conditions can be a more specific alternative solution to further optimize the potential for increasing household consumption as an effort to accelerate economic growth during the Covid-19 pandemic appropriate with the characteristics of each region.

Rethinking Application of Tax Policy on Stainless Food in East Java: A Simulation Analysis Ahmad Zainuddin; Resti Prastika Destiarni; Ahmad Syariful Jamil
East Java Economic Journal Vol. 5 No. 1 (2021)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

The Indonesian government has a discourse to implement the tax imposition policy on staple foods during this pandemic. If the policy is implemented, it is feared that it will have a negative impact on the economy, especially in East Java. This study aimed to analyze the East Java economic model and simulate the application of the staple food tax during the COVID-19 pandemic. This study uses an econometric model with a simultaneous equation system using the Two-Stage Least Square (2SLS) method. The analysis results show that the implementation of the basic food tax, either 5 percent or 10 percent, will not have any implications for increasing East Java's GRDP. Moreover, the policy will have implications for the decline of the economy of East Java as a whole. Therefore, the government needs to reconsider the policy of taxing staple foods.

Equity Crowdfunding (ECF) as A Financial Solution for MSMEs During The Covid-19 Pandemic: An Interdisciplinary Analysis: An Interdisciplinary Analysis Afra Hanifah Prasastisiwi; Qonita Luthfia Alimah; Derajad Sulistyo Widhyharto
East Java Economic Journal Vol. 5 No. 1 (2021)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

The COVID-19 pandemic has resulted in vulnerable conditions for MSMEs, including the funding aspect. As the largest contributor to the East Java economy, MSMEs must receive more protection, one of which is by selecting the right alternative capital. By combining the results of a literature study and interviewing informants, this paper describes alternative funding solutions as an effort to recover the economy during the pandemic. The results of the interdisciplinary analysis found that the proper alternative funding for MSMEs was Equity Crowdfunding (ECF). ECF is able to attract investors who have both economic and social intentions. Both intentions are considered equally important with the purpose of this alternative funding, namely to establish protection in the capital aspect for MSMEs. In addition, ECF currently has many potentials, especially considering the popularity of millennial investment trends and “hijrah financial”—financial migration to the sharia economy—among Indonesian people. Juxtaposed with the results of interviews, the interdisciplinary analysis is expected to describe the real situation of economic conditions in East Java. Then the output produced by this paper will be in the form of suggestions for MSMEs and the government regarding the use, development, and provision of education related to ECF.

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.

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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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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