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International Journal of Economics (IJEC)
Published by PT Inovasi Pratama Internasional
ISSN : -     EISSN : 2961712X     DOI : https://doi.org/10.55299/ijec
Core Subject : Economy,
Economics, Econometrics & Finance
International Journal of Economics (IJEC) E-ISSN. 2961-712X is a refereed publication that comes to address the Economic and Administration challenges that economic units of various nature face in today’s rapidly changing international economic environment. It is designed to publish original and high quality research work that will cast light in contemporary issues and will pave the way for the application of mould-braking solutions. IJEC’s general scope is to stimulate, promote and disseminate contemporary research that will have a significant impact on the theory and practice of Businesses, Public Organizations and other Institutions. IJEC’s aims to bridge the gap between theoretical developments and applied, policy-oriented research, becoming the ideal vehicle of advancing innovative ideas in the framework of entities’ economic management and general administration. In this context, the International Journal of Economics (IJEC) is bound to have a distinctive interdisciplinary profile, destined to cover a wide variety of topics spanning from Business Economics to Management, Finance, Accounting, Insurance, Risk Management, Auditing, Banking, International Economics, and Social Science. The ultimate mission of the International Journal of Economics (IJEC) is to constitute a valuable resource of scientific knowledge and applied research results for academics, practitioners and policy-makers becoming an indispensable ally in tackling modern economy’s challenges.
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 66 Documents
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Search results for , issue "Vol. 4 No. 2 (2025): July-December" : 66 Documents clear
The Role Of Foreign Direct Investment Inflow And Outflow In India’s Economic Growth Kumar, Prashant; V.N.Gupta
International Journal of Economics (IJEC) Vol. 4 No. 2 (2025): July-December
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v4i2.1302

Abstract

This study investigates the trends of Foreign Direct Investment (FDI) in India, focusing on both inflows and outflows as a percentage of GDP from 2000 to 2022. Foreign direct investment (FDI) has become a key driver of economic growth, shaping India’s integration into the global economy. This study employs econometric techniques such as autoregressive (AR) models, Moving Average (MA) models, the Johansen Co-integration Test, and the Granger Causality Test to analyze historical FDI data. These methods help evaluate the dynamic relationships and long-term equilibrium between FDI inflows and outflows. The analysis reveals that historical FDI patterns significantly predict future trends. Specifically, past values and forecast errors influence the direction of FDI, particularly outflow. The Johansen cointegration test confirms a long-term equilibrium relationship between inflows and outflows, while the Granger Causality Test identifies a predictive relationship between net outflows and inflows. The findings suggest that inward and outward FDI are interlinked and play vital roles in India's economic development. Understanding these dynamics can help policymakers craft strategies to enhance India's global investment, while sustaining domestic economic growth
Risk Mitigation in Higher Education Human Resource Management: A Proactive Approach to Academic Sustainability Tewu, Denny; Bernadetha Nadeak; Hardiyanti, Nurul Rida; Napoleon Sinaga
International Journal of Economics (IJEC) Vol. 4 No. 2 (2025): July-December
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v4i2.1429

Abstract

This study aims to identify and formulate a risk mitigation model for human resource management (HR) in Indonesian universities with a focus on academic sustainability. Using a qualitative approach and Grounded Theory, data were collected through in-depth interviews with key informants from various higher education institutions. The analysis process was conducted through the stages of open coding, axial coding, and selective coding to build a theoretical model based on the data. The results of this study indicate that universities in Indonesia face various structural and systemic HR risks, such as dependence on senior lecturers, weak regeneration and retention policies, and workload imbalances. Based on the findings, a risk-mitigation model was developed based on a proactive approach that includes succession planning, continuous training systems, work flexibility, and integration of risk management into institutional governance. This model has practical implications for the formulation of adaptive and long-term HR policies. This study contributes to the development of HR risk management theory in the higher education sector and provides a policy reference for educational institutions to improve academic resilience and sustainability. Further research is recommended to test this model in various types of institutions and in the context of digital transformation in higher education.
Digital Marketing Synergy and Green Innovation: A New Paradigm of Marketing Management in Sustainability-Based Economic Development Lukitasari, Lenni; Ni Luh Gde Sari Dewi Astuti; Sofyan, Hady; Hartoto
International Journal of Economics (IJEC) Vol. 4 No. 2 (2025): July-December
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v4i2.1430

Abstract

Greenhope is a green technology-based company in Indonesia that focuses on developing environmentally friendly products, such as biodegradable plastics, in response to the global issues of sustainability and environmental pollution. In the context of modern marketing, companies like Greenhope face the challenge of innovating green and utilizing digital marketing strategies to shape positive consumer perceptions of sustainability values. This study aims to analyze the effect of synergy between digital marketing and green innovation on consumer perceptions of green brands as well as their impact on marketing performance and contribution to sustainability-based economic development. The research method used was quantitative explanatory with data collection techniques through questionnaires distributed online to consumers who know or use Greenhope products. Data analysis was performed using Structural Equation Modeling (SEM) based on Partial Least Squares (PLS). The results show that both digital marketing and green innovation have a significant and positive influence on consumers’ perceptions of green brands. Furthermore, perceptions of green brands have been shown to positively contribute to marketing performance and consumer perceptions of a company's sustainability commitment. In practice, these findings demonstrate the importance of integrating digital marketing strategies and green innovation to build a company's competitive position in the era of a sustainable economy. Companies are advised to consistently communicate green values ​​ through digital platforms to strengthen consumer loyalty and awareness of environmental issues
Analysis Of The Level Of Community Satisfaction With Health Services At The Temayang Health Center Bojonegoro District Maulaningrum, Pristiya; Siti Mujanah; Alif Fianto, Achmad Yanu
International Journal of Economics (IJEC) Vol. 4 No. 2 (2025): July-December
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v4i2.1462

Abstract

Quality health services are an important element in supporting public health status. This study aimed to analyze the level of community satisfaction with health services at Puskesmas Temayang and Bojonegoro Regency. The research method used was descriptive quantitative with 218 respondents selected through stratified random sampling. Data were collected through a standardized questionnaire based on Permenpan-RB Number 14 of 2017, with nine elements of the Community Satisfaction Survey indicator. The results showed that the Community Satisfaction Index (IKM) was in the good category. The dimensions of cost/tariff and complaint handling are at the highest value, while the facilities and infrastructure aspects have the lowest scores of other aspects. This shows that there is a need for improvement in physical facilities, both buildings, completeness of service support tools, and strengthening of the competence of health workers. This study is expected to be a strategic input for policymakers to improve the quality of health services, especially at the Puskesmas level.
The Influence of Government Expenditure, Investment and Number of Workers on Regional Economic Growth in the Perspective of Regional Islamic Economics in South Sumatra (Panel Data Analysis 2016-2024) mar'uf, Maryana Ulfa; Is Susanto
International Journal of Economics (IJEC) Vol. 4 No. 2 (2025): July-December
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v4i2.1440

Abstract

This study aims to analyze the impact of government spending, investment, and labor force on regional economic growth in the South Sumatra Region (Sumbagsel) from the perspective of Islamic economics over the period 2016–2024. The study employs a quantitative approach using a Fixed Effect panel data regression model covering 25 districts/cities across three provinces: South Sumatra, Bangka Belitung, and Lampung. The findings reveal that all three independent variables have a positive and statistically significant effect on regional economic growth. Foreign direct investment (FDI) exerts the most substantial impact compared to government spending and domestic investment, while the labor force contributes the least, indicating the urgent need to improve labor quality. From the Islamic economic viewpoint, the pattern of regional economic growth has not yet fully reflected key principles such as equitable income distribution, environmental sustainability, and fair business partnerships. A high Gini ratio and a low partnership index highlight the dominance of large economic actors and persistent inequality. This study recommends reforms in fiscal policy, strengthening Islamic financial institutions, and promoting halal-based economic sectors as long-term strategies. Policy implications are directed toward implementing maqashid sharia values ​​in development planning to achieve economic growth that is not only inclusive and sustainable but also aligned with Islamic moral and ethical standards
Digital Economy Transformation and ITS Impact on MSME Productivity in The Post-Pandemic Era Syahputra, Danil; Syah, Syafrial
International Journal of Economics (IJEC) Vol. 4 No. 2 (2025): July-December
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v4i2.1487

Abstract

The COVID-19 pandemic has fundamentally transformed the global economic landscape, accelerating digital adoption across all business sectors. In Indonesia, Micro, Small, and Medium Enterprises (MSMEs), which contribute 61.9% to the national GDP and employ 97% of the workforce, have undergone unprecedented digital transformation to survive and thrive in the post-pandemic era. This study aims to comprehensively analyze the impact of digital economy transformation on MSME productivity in Indonesia's post-pandemic landscape, examining both opportunities and challenges while providing strategic recommendations for sustainable growth. This research employs a qualitative methodology through systematic literature review and content analysis of 45 peer-reviewed articles, government reports, and international publications spanning 2020-2024. The study integrates Resource-Based View Theory, Technology Innovation Theory, and Transaction Cost Economics Theory to provide theoretical foundation. Digital transformation has demonstrated significant positive impact on MSME productivity, with studies showing productivity increases of up to 30% and profitability improvements averaging 35% through adoption of e-commerce platforms, digital marketing, and cloud-based management systems. However, challenges persist including limited digital literacy, inadequate infrastructure, and high implementation costs. While digital transformation presents substantial opportunities for MSME growth and competitiveness, successful implementation requires coordinated support from government, private sector, and educational institutions to address existing barriers and ensure inclusive digital economic development.
Beyond Compliance: Measuring The Economic Impact of Integrated Sustainability Reporting (ISR) on Firm Value and Stakeholder Trust in the Era of CSRD Aritonang, Monica Christin; Sophia, Sophia; Ratnasari, Tri Dessy
International Journal of Economics (IJEC) Vol. 4 No. 2 (2025): July-December
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v4i2.1504

Abstract

This qualitative study examines the economic impact of Integrated Sustainability Reporting (ISR) on firm value and stakeholder trust amid the evolving regulatory environment driven by the Corporate Sustainability Reporting Directive (CSRD). Unlike conventional compliance-based reporting, ISR integrates financial and non-financial disclosures to provide a holistic view of a firm’s sustainability performance. Through thematic analysis of documents and semi-structured interviews with corporate sustainability officers, investors, and regulatory experts, this research uncovers how ISR influences firm valuation and strengthens stakeholder relationships. The findings reveal that ISR enhances transparency and accountability, which fosters increased stakeholder trust and positively affects firm reputation and market perceptions. Consequently, firms adopting ISR benefit from improved access to capital and stronger engagement with stakeholders including customers, employees, and regulators. Challenges remain in harmonizing sustainability data and measuring outcomes comprehensively, yet the strategic value gained through ISR implementation surpasses these hurdles. This study highlights ISR’s role beyond mere regulatory compliance, positioning it as a critical tool for sustainable value creation and trust building in the CSRD era. The insights provide valuable implications for firms seeking to leverage integrated sustainability disclosures to achieve competitive advantage and long-term growth
The Effect of Work Motivation and Job Satisfaction Through Employee Engagement on Employee Performance Nurhidayat, Wahid Ahmad; Siti Mariam
International Journal of Economics (IJEC) Vol. 4 No. 2 (2025): July-December
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v4i2.1505

Abstract

This study aims to determine the relationship between Work Motivation and Job Satisfaction on Employee Performance at Bank XYZ mediated by Employee Engagement. The research method used is quantitative with descriptive design, respondents were selected through purposive sampling. Data were collected using Google Form and analyzed using SEM PLS. The results showed that Work Motivation has a positive and significant effect on Employee Engagement and Employee Performance. Then Job Satisfaction is proven to have a positive effect on Employee Engagement and Employee Performance. In addition, there are results of the mediation hypothesis, namely mediating Employee Engagement, Work Motivation and Job Satisfaction on Employee Performance. This study supports all the hypotheses proposed and is consistent with previous studies, emphasizing the importance of Work Motivation, Job Satisfaction and Employee Engagement in influencing Employee Performance both directly and through mediation. The managerial implications of these findings include the need to focus on improving Employee Work Motivation at Bank XYZ must be given more attention and improved so that Employee Engagement can be even better in the future. Research limitations include covering samples that are limited to the West Jakarta area and do not group employee income. Further research is suggested to expand the scope of the sample and can add other variables that are relevant to the novelty of the research
The Influence Of Work Motivation And Job Satisfaction On Employee Performance Through Employee Engagement Antonius; Lista Meria
International Journal of Economics (IJEC) Vol. 4 No. 2 (2025): July-December
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v4i2.1506

Abstract

This study aims to examine how direct and indirect influence of work motivation, job satisfaction and employee continuity on employee performance atPT. Gajah Tunggal Tbk. This study was motivated by employee performance that was not mentioned so that a study was conducted to determine work motivation, job satisfaction and employee continuity which would later become the most influential variables on employee performance at PT. Gajah Tunggal Tbk. The population in this study were permanent employees at PT. Gajah Tunggal Tbk. and had worked for more than 1 year. While the research sample was taken using purposive sampling technique with a total of 200 respondents. This study is a quantitative study using the Structural Equation Model - Partial Least Square (SEM-PLS) method. The results of the study showed that work motivation was proven to have a positive effect on employee performance, job satisfaction had a positive effect on employee performance, work motivation had a positive effect on employee performance, job satisfaction did not have a positive effect on employee performance, the closest employee had a positive effect on employee performance and an indirect effect that was proven that employee turnover was able to mediate work motivation and job satisfaction on employee performance. After conducting the study, the researcher suggested expanding the population to the branches of PT. Gajah Tunggal Tbk located in other regions in Indonesia, in order to represent more answers from PT. Gajah Tunggal Tbk employees throughout Indonesia. In addition, it can also add other supporting variables, such as training, work environment, compensation, reward and punishment and other variables that are relevant to the novelty of the study
The Influence of Transformational Leadership Style and Work Environment on Employee Performance in Retail Companies Rahman, H Abd; Rahman, A Syafir; Sulfiani, Sulfiani; Kamaruddin, Kamaruddin; Sahabuddin, Sahabuddin
International Journal of Economics (IJEC) Vol. 4 No. 2 (2025): July-December
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v4i2.1531

Abstract

This study examines the influence of transformational leadership style and work environment on employee performance within retail companies. The research aims to provide comprehensive insights into how leadership behaviors and environmental factors contribute to enhanced employee performance in retail settings. This qualitative research employs a comprehensive analysis utilizing in-depth interviews, focus group discussions, and thematic analysis to explore the relationships between transformational leadership, work environment, and employee performance. The study examines Bass's four dimensions of transformational leadership (idealized influence, inspirational motivation, intellectual stimulation, and individualized consideration) and their interaction with various work environment factors. The analysis reveals that transformational leadership significantly influences employee performance through its four core dimensions. The work environment, encompassing both physical and psychological elements, serves as a crucial moderating factor in this relationship. The study identifies key themes including leadership authenticity, environmental supportiveness, employee empowerment, and performance enhancement mechanisms. The findings provide valuable insights for retail managers and human resource professionals to develop effective leadership strategies and create supportive work environments that optimize employee performance. The research offers practical guidance for implementing transformational leadership practices in retail contexts. This study contributes to the existing literature by providing a comprehensive qualitative analysis of the interaction between transformational leadership and work environment in influencing retail employee performance, offering new perspectives on leadership effectiveness in retail settings.

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