cover
Article Per Year (5 Year)
All
Home Page
OAI Link
Editorial Team
Contact
Reviewer
Google Scholar
Contact Name
Bincar Nasution
Contact Email
info@ipinternasional.com
Phone
+6285360415005
Journal Mail Official
journal.ijec@gmail.com
Editorial Address
Cempaka Street, No. 25, Ujung Padang Village, Padang Sidempuan Selatan District, Padang Sidempuan City, North Sumatra, Indonesia 22725
Location
Kota padangsidimpuan,
Sumatera utara
INDONESIA
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 5 Documents
 1 
Search results for , issue "Vol. 5 No. 1 (2026): January-June" : 5 Documents clear
Price Dynamics and Demand Elasticity in the Platform Economy Era: A Quantitative Analysis of the Online Retail Sector in Indonesia Husin Lubis, Ahmad
International Journal of Economics (IJEC) Vol. 5 No. 1 (2026): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v5i1.1720

Abstract

This study investigates the determinants of price dynamics and demand elasticity in Indonesia's online retail sector, with particular emphasis on platform economy effects during the 2024-2025 period. Employing a double-log regression methodology with ordinary least squares (OLS) estimation, we analyze transaction-level data from major e-commerce platforms including Shopee, Tokopedia, and Lazada. The research reveals that demand elasticity in the Indonesian online retail market exhibits pronounced price sensitivity (elasticity coefficient: -1.23 to -1.67), indicating elastic demand characteristics. Cross-price elasticity estimates suggest significant substitution effects between platforms (range: 0.45 to 0.78), driven by the mobile-first architecture and promotional intensity of the digital ecosystem. Dynamic pricing mechanisms implemented by major platforms demonstrate adaptation to localized demand variations and competitive pressures. Our findings demonstrate that platform-based price competition generates downward pressure on margins while increasing consumer surplus, with elasticity heterogeneity across product categories ranging from -0.89 (electronics) to -1.95 (fashion and accessories). The study provides quantitative evidence that platform economy dynamics fundamentally reshape traditional price-demand relationships in emerging markets, offering actionable insights for retailers, policymakers, and platform operators managing competitive pricing strategies in this rapidly evolving ecosystem
The Influence of Product Quality, Service Quality, Consumer Trust and Consumer Satisfaction on Consumer Loyalty Gunawan, Richo; Prasetyoning Tyas, Ari Anggarani Winadi
International Journal of Economics (IJEC) Vol. 5 No. 1 (2026): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v5i1.1756

Abstract

This study investigates the effects of product quality, service quality, and consumer trust on consumer loyalty to Mills Sport products, both directly and indirectly through consumer satisfaction. The research is motivated by unstable loyalty among Mills Sport consumers in West Jakarta, despite repeated purchases, which raises questions about which drivers are most critical for sustaining long‑term relationships. A quantitative survey was conducted using purposive sampling of 155 Mills Sport consumers who had purchased Mills Sport products at least twice and were at least 18 years old. Data were collected via a structured Likert‑scale questionnaire and analysed using Partial Least Squares Structural Equation Modeling (PLS‑SEM). The findings show that product quality does not significantly affect consumer satisfaction or consumer loyalty, either directly or through satisfaction. In contrast, service quality and consumer trust have significant positive effects on both satisfaction and loyalty, and consumer satisfaction significantly reinforces loyalty. Furthermore, consumer satisfaction mediates the effects of service quality and consumer trust on loyalty, but does not mediate the effect of product quality. The results highlight the central role of service quality, trust, and satisfaction in building loyalty, and suggest that Mills Sport should prioritise relational and experiential aspects over product attributes alone.
The Influence of Service Quality, Food Quality, Price, and Physical Environment on Customer Satisfaction and Customer Loyalty Gracia Datu, Shania Syalomita; Adma Sari Sitepu
International Journal of Economics (IJEC) Vol. 5 No. 1 (2026): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v5i1.1757

Abstract

Strongly embedded customer loyalty impacts consumption behavior. To win business competition, loyal customers are the main goal of the culinary industry through achieving customer satisfaction. Maintaining customer satisfaction, through: service quality as one of the main weapons to maintain prestige value by providing more satisfaction; food quality as an important component in the production process; price which has a significant influence because high or low product prices affect product sales, and the physical environment creates a first impression and influences customers' initial perceptions of service or food quality. This study aims to identify the influence of service quality, food quality, price and physical environment through customer satisfaction on customer loyalty. Sampling used a purposive sampling technique, namely customers consuming takeaway or dine-in at least twice in the past month, minimum age 18 years - maximum 47 years, domiciled in Bekasi City, processing data from 200 respondents using SEM PLS. The results showed that service quality, food quality, price and physical environment have a positive effect on customer satisfaction and customer satisfaction has a positive effect on customer loyalty. Further research can explore other relationships such as celebrity endorsers, brand love, brand awareness, brand image, brand trust and other variables
Integrating Maqashid Syariah in Sustainable Development Goals (SDGs): A Conceptual Framework for Green Economic Policy Sadly, Effendi
International Journal of Economics (IJEC) Vol. 5 No. 1 (2026): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v5i1.1758

Abstract

This study develops a quantitative framework for integrating Maqashid Syariah principles within Sustainable Development Goals (SDGs) implementation for green economic policy in Indonesia. Employing a quantitative research design with panel data analysis covering 2018-2024, this research examines the relationship between Islamic finance development and SDG achievement across 34 provinces. The study constructs a Maqashid-SDG Integration Index comprising five dimensions: preservation of religion (hifz ad-din), life (hifz an-nafs), intellect (hifz al-aql), progeny (hifz an-nasl), and wealth (hifz al-mal). Data from Bappenas, OJK, Ministry of Finance, and BPS reveal that Islamic finance assets reached IDR 2,582 trillion in 2023, representing 10.95% market share, while green sukuk issuance totaled USD 6.9 billion since 2018. Statistical analysis demonstrates a significant positive correlation (r=0.742, p<0.01) between Islamic finance penetration and SDG performance indicators. Regression results indicate that a 1% increase in Maqashid-aligned financing contributes to 0.63% improvement in environmental SDG indicators. The findings validate that integrating Maqashid Syariah into SDG frameworks enhances policy effectiveness for green economic transition, with Indonesia's SDG index reaching 70.22 in 2024. This research provides policymakers with a measurable framework to optimize Islamic finance mechanisms for sustainable development outcomes
Bridging Faith and Finance: A Comparative Analysis of Islamic Bank Resilience and Contagion Risk During Global Economic Shocks (2008 vs. 2020 Crises) Samsul, Effendi; Agustami, Eli
International Journal of Economics (IJEC) Vol. 5 No. 1 (2026): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v5i1.1765

Abstract

This study investigates the comparative resilience and contagion risk profiles of Islamic banking systems during two major global economic crises: the 2008 Global Financial Crisis (GFC) and the 2020 COVID-19 pandemic. . However, profitability declined significantly in 2009 when the crisis affected the real economy. Conversely, during the COVID-19 pandemic, Islamic banks exhibited comparable systemic vulnerabilities to conventional banks when facing exogenous shocks, though with significantly reduced spillover effects. CAR increased from 24.0% to 26.5% while NPF improved from 2.1% to 2.0% during COVID-19, demonstrating structural resilience despite ROA declining from 1.9% to 1.4%. CoVaR analysis reveals Islamic banks receive significant directional risk spillover from conventional banks but transmit substantially less contagion. These findings suggest that while Islamic banking's profit-loss sharing principles and asset-backed financing provide buffer against financial sector crises, the system remains vulnerable to real economy disruptions, challenging the prevailing narrative of unconditional Islamic banking superiority during economic turbulenceThis study investigates the comparative resilience and contagion risk profiles of Islamic banking systems during two major global economic crises: the 2008 Global Financial Crisis (GFC) and the 2020 COVID-19 pandemic. However, profitability declined significantly in 2009 when the crisis affected the real economy. Conversely, during the COVID-19 pandemic, Islamic banks exhibited comparable systemic vulnerabilities to conventional banks when facing exogenous shocks, though with significantly reduced spillover effects. CAR increased from 24.0% to 26.5% while NPF improved from 2.1% to 2.0% during COVID-19, demonstrating structural resilience despite ROA declining from 1.9% to 1.4%. These findings suggest that while Islamic banking's profit-loss sharing principles and asset-backed financing provide buffer against financial sector crises, the system remains vulnerable to real economy disruptions, challenging the prevailing narrative of unconditional Islamic banking superiority during economic turbulence

Page 1 of 1 | Total Record : 5

 1 

Filter by Year

2026 2026


Reset
Filter By Issues
All Issue Vol. 5 No. 1 (2026): January-June Vol. 4 No. 2 (2025): July-December Vol. 4 No. 1 (2025): January-June Vol. 3 No. 2 (2024): July-December Vol. 3 No. 1 (2024): January-June Vol. 2 No. 2 (2023): July-December Vol. 2 No. 1 (2023): January-June Vol. 1 No. 2 (2022): July-December Vol. 1 No. 1 (2022): January-June