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INDONESIA
Jurnal Ekonomi Pembangunan
ISSN : 16932595     EISSN : 25274023     DOI : -
Core Subject : Economy,
Jurnal ekonomi pembangunan published by Pusat Pengkajian Ekonomi dan Kebijakan Publik (PPEKP), Faculty of Economics and Business, University of Muhammadiyah Malang. This journal is used as a source of information about scientific works in the field of development economics for every academician, researcher, lecturer and activist and other authors.
Arjuna Subject : -
Articles 408 Documents
The Effect of Road Infrastructure, Foreign Investment, and Tax Revenue on Indonesia: ARDL Model Approach Fitri Azzahro; Wenny Restikasari
Jurnal Ekonomi Pembangunan Vol. 23 No. 02 (2025): Jurnal Ekonomi Pembangunan
Publisher : Pusat Pengkajian Ekonomi dan Kebijakan Publik

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jep.v23i02.42862

Abstract

This study aims to analyze the short- and long-term effects of road infrastructure, foreign investment, and tax revenue on Indonesia's economic growth, covering the period from 2014Q1 to 2022Q4. The study uses the Autoregressive Distributed Lag (ARDL) model to show that road infrastructure has negative short- and long-term effects. While foreign investment has a positive, insignificant impact in the long term, it can have a positive, significant impact in the short term. Tax revenue has negligible, positive implications only in the long term, but a positive, significant impact in the short term. Based on these findings, the government should prioritize developing and maintaining infrastructure that connects production areas with market centers, industrial areas, and ports, with a focus on integrating different modes of transport. Additionally, offering suitable tax incentives could encourage partnerships between foreign investors and local industries, thereby boosting innovation, production capacity, and technology transfer to promote sustainable economic growth.
Socioeconomic Impacts of Agglomeration in the Jabodetabek Megalopolis Nafiah Sholikhatun Jamil; Annis Nurfitriana Nihayah, S.E., M.E.
Jurnal Ekonomi Pembangunan Vol. 23 No. 02 (2025): Jurnal Ekonomi Pembangunan
Publisher : Pusat Pengkajian Ekonomi dan Kebijakan Publik

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jep.v23i02.42988

Abstract

The external benefits of clustering industries and populations, known as agglomeration economies, are central to urban growth, yet rapid development risks generating socioeconomic diseconomies. This investigation empirically assesses the long-term, heterogeneous socioeconomic consequences of agglomeration within the Jabodetabek metropolitan region, Indonesia, over the period 2010 to 2022. Applying the Panel ARDL framework (PMG/MG), the study models the impacts of four key agglomeration proxies: LDEN (population density), LEMP (industrial employment), LFAC (number of factories), and LDHOU (housing demand). Four socioeconomic outcome measures were constructed using Principal Component Analysis: Education, Healthcare, Economic condition, and Water & Sanitation Indices. The findings consistently demonstrate a pronounced and complex trade-off: LFAC and LDHOU are verified as strong, positive drivers for the Health, Economic, and Water & Sanitation Indices. Conversely, high LEMP exerts significant detrimental pressure on these three indices. The Education Index presents a unique dynamic: LDEN is beneficial, while LFAC's and LDHOU's physical expansions negatively affect it, suggesting severe capacity constraints in the education sector. Overall, the results caution that unmanaged agglomeration growth risks widening inter-regional disparities without targeted policy interventions to boost social infrastructure capacity.
The Influence of Monetary Indicators on the Inflation Rate in Indonesia for the 2020-2024 Period Using the Vector Error Correction Model Approach Shafa Salsabila Dewi; Gita Asri Rani; Rhevaira Kayla Zhafirah
Jurnal Ekonomi Pembangunan Vol. 23 No. 02 (2025): Jurnal Ekonomi Pembangunan
Publisher : Pusat Pengkajian Ekonomi dan Kebijakan Publik

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jep.v23i02.43036

Abstract

This study examines the influence of monetary indicators on inflation in Indonesia during 2020–2024 using the Vector Error Correction Model. The variables analyzed include the BI Rate, money supply, and the exchange rate. Monthly time series data were obtained from Statistics Indonesia and the One Data Trade Portal of the Ministry of Trade to strengthen the empirical foundation. The results show that in the short run, only the exchange rate significantly affects inflation, while the BI Rate and money supply show no significant impact. In the long run, money supply and the exchange rate were found to influence inflation significantly, whereas the BI Rate remained insignificant. These findings suggest that real monetary conditions and external stability drive Indonesia's inflation dynamics more than interest rate policy. Therefore, maintaining exchange rate stability and managing liquidity are crucial for sustaining price stability and improving the overall effectiveness of monetary policy in the long term.
Religiosity, Attitudes, and Financial Literacy as Predictors of Saving Behavior: The Mediating Role of Saving Intention among Muslim Young Generation Siti Kholifah; Maulida Nurul Innayah; Naelati Tubastuvi; Nawalin Nazah
Jurnal Ekonomi Pembangunan Vol. 23 No. 02 (2025): Jurnal Ekonomi Pembangunan
Publisher : Pusat Pengkajian Ekonomi dan Kebijakan Publik

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jep.v23i02.43045

Abstract

This study aims to examine the influence of religiosity, attitude towards saving, and financial literacy on saving behaviour, with saving intention as a mediating variable among Muslim Generation Z in Banyumas Regency. Using a quantitative approach with purposive sampling, data were collected from 139 respondents and analysed using SEM-PLS in SmartPLS 4.0. The results show that attitude towards saving has a significant positive effect, both directly and indirectly through saving intention, on saving behaviour, while religiosity and financial literacy do not demonstrate significant effects. These findings suggest that psychological factors, specifically attitudes and intentions, play a more substantial role in shaping saving behaviour than religious values or financial knowledge. The study concludes that strengthening positive attitudes toward saving is essential for improving financial behaviour among young Muslims. However, the generalizability of the results remains limited due to the narrow geographical scope of the sample.
The Impact of Inflation, Money Supply, and Sharia Third-Party Funds on the Sharia Monetary System, 2018–2024 Lalu Kamala Hady; Muaidy Yasin; M Irwan
Jurnal Ekonomi Pembangunan Vol. 24 No. 01 (2026): Jurnal Ekonomi Pembangunan
Publisher : Pusat Pengkajian Ekonomi dan Kebijakan Publik

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jep.v24i01.44718

Abstract

This study aims to analyze the impact of inflation, money supply (M2), and Islamic third-party funds (DPKS) on Islamic monetary operations in Indonesia using the Vector Error Correction Model (VECM) approach. The data used consist of secondary time-series data obtained from official sources such as Bank Indonesia and the Financial Services Authority (OJK) for the period 2018–2024. The results indicate a long-term relationship among the study variables. In the long run, inflation and DPKS have a significant negative effect on Islamic monetary operations, while the money supply has no significant effect. In the short term, the adjustment process toward equilibrium proceeds relatively slowly, indicating that the Islamic monetary system tends to be stable and unresponsive to short-term shocks. Analysis of the Impulse Response Function (IRF) shows that the response to shocks is volatile at the beginning of the period but then stabilizes, while the Forecast Error Variance Decomposition (FEVD) results indicate that variations in the Islamic monetary system are dominated by internal factors. These findings underscore the importance of liquidity management and the optimization of intermediation functions in maintaining the stability of the Islamic monetary system.
Economic Growth of Provinces in Java Island: Spatial Panel Analysis on the Role of Inflation, Labor, and the Human Development Index Fadli Rasam; Ani Interdiana Candra Sari
Jurnal Ekonomi Pembangunan Vol. 24 No. 01 (2026): Jurnal Ekonomi Pembangunan
Publisher : Pusat Pengkajian Ekonomi dan Kebijakan Publik

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jep.v24i01.44898

Abstract

This study aims to analyse the influence of inflation, labour, and the Human Development Index (HDI) on the economic growth of provinces in Java Island in the period 2015-2024 using a spatial econometric approach. Java Island is the centre of national economic activity; each province has a different development capacity, economic structure, and growth dynamics. The study uses balanced panel data consisting of six provinces and ten years of observation. Spatial relationships between regions are represented by a neighbourhood-based spatial weight matrix, while testing is carried out using Moran's I, the Spatial Autoregressive Model (SAR), the Spatial Error Model (SEM), and the Spatial Durbin Model (SDM). Descriptive results indicate an average economic growth of 4.407 percent, with the deepest contraction occurring during the pandemic period. Moran's I test indicates that most years do not exhibit significant spatial autocorrelation, but 2019 and 2020 showed indications of spatial autocorrelation at the 5% level, with a strong global spatial clustering pattern not yet detected. The spatial model estimation results show that after controlling for the economic shock caused by the pandemic, all key variables become statistically insignificant. A comparison of the SAR, SEM, and SDM models based on spatial parameters, AIC, and BIC provides no strong evidence of spatial dependence. Based on AIC and BIC, SAR is relatively more efficient, but its spatial parameters are insignificant; interpretation of spatial effects requires proportional analysis.
Anti-Corruption Prevention and Local Government Integrity Index in Balangan Muhammad Helmi; Danang Biyatmoko; Muhammad Nur Iman Ridwan
Jurnal Ekonomi Pembangunan Vol. 24 No. 01 (2026): Jurnal Ekonomi Pembangunan
Publisher : Pusat Pengkajian Ekonomi dan Kebijakan Publik

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jep.v24i01.44928

Abstract

This study examines the effect of anti-corruption prevention programs on the local government integrity index and analyzes the role of public perceptions and experiences of integrity in Balangan Regency, Indonesia. A quantitative explanatory approach with a cross-sectional design was used. The anti-corruption prevention program was measured through the Monitoring Center for Prevention, while the integrity index was measured through the Integrity Assessment Survey. Public integrity perception and public integrity experience were positioned as moderating variables. Primary data were collected through questionnaires from 300 public service users, and secondary data were obtained from official MCP and SPI scores. Data were analyzed using Partial Least Squares Structural Equation Modeling with SmartPLS. The results show that anti-corruption prevention programs have a positive and significant effect on the integrity index. Public integrity perception also has a positive direct effect, while public integrity experience has no significant effect. However, neither perception nor experience moderates the relationship. These findings imply that anti-corruption prevention should move beyond administrative compliance toward public-oriented accountability.
Dynamic Determinants of Indonesia's Economic Growth: Evidence from Energy, Investment, and Urbanization Alvin Yunas Alfariz; Dian Octaviani; Syofriza Syofyan
Jurnal Ekonomi Pembangunan Vol. 24 No. 01 (2026): Jurnal Ekonomi Pembangunan
Publisher : Pusat Pengkajian Ekonomi dan Kebijakan Publik

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jep.v24i01.45006

Abstract

This study analyzes the influence of non-renewable energy consumption (NRE), renewable energy consumption (REN), CO2 emissions, Foreign Direct Investment (FDI), Gross Fixed Capital Formation (GFCF), and urbanization (URB) on Indonesia's GDP per capita. As a country still reliant on fossil fuels, Indonesia faces a dilemma between pursuing high economic growth and maintaining environmental sustainability. The study used annual time-series data from 1975 to 2024 using the ARDL approach. The results show that in the long run, GFCF has a significant positive effect on GDP per capita, confirming physical capital accumulation as the main structural driver of the Indonesian economy. Meanwhile, in the short run, NRE and FDI show a significant negative effect, and REN and CO2 show a significant positive effect. In contrast, GFCF and URB show a significant nonlinear relationship to economic growth. These findings emphasize that renewable energy transition policies need to be carefully designed so that economic growth does not sacrifice environmental sustainability, while still considering other macroeconomic variables.

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