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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)
ISSN : -     EISSN : 2961712X     DOI : https://doi.org/10.55299/ijec
Core Subject : Economy,
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.
Articles 676 Documents
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.
Analysis and Implementation of Financial Reporting and Tax Obligations for The Sustainability of Village-Owned Enterprises (Case Study of BUMDes Cipayung) Budianti, Wiwik; Budiman Slamet; Ananda Trifadiya Nur Aqila
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.v4i2.1536

Abstract

The enactment of Government Regulation Number 11 of 2021 reaffirms the role of BUMDes as pillars of economic activities in villages, functioning as both social and commercial institutions. For sustainability, these functions require financial management and compliance. BUMDes, as entities, are corporate taxpayers as they fulfill the two elements of taxation: subjective and objective obligations. The purpose of this research is to analyze the Self-Assessment System at BUMDes Cipayung and determine whether the financial reports used to calculate taxes are in accordance with accounting standards. This study employs a qualitative descriptive method, using income statements as quantitative data, along with research and interviews. The results indicate that BUMDes Cipayung has not yet fulfilled its tax obligations. BUMDes also show errors in recording revenue; therefore, financial statements are not accurate and complete. Inadequate past management accountability is one of the reasons for fulfilling Corporate Income Tax obligations. For 2022 and 2023, BUMDes should be able to calculate and pay Corporate Income Tax using the general income tax rate (Article 31E)
Fiscal Policy Analysis on Economic Growth in Indonesia Period 2010-2023 (VECM Approach) Dara Ditha, Meylani; Muhammad Iqbal; Zulaikah
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.v4i2.1424

Abstract

This study analyzes the effect of fiscal policy on Indonesia's economic growth in the period 2010-2023 using the Vector Error Correction Model (VECM) approach. The results show that capital expenditure has the most significant effect on economic growth in the long term, with the highest fiscal multiplier compared to other instruments. Social spending and subsidies also contribute positively to growth, especially in maintaining people's purchasing power during periods of crisis, such as the COVID-19 pandemic. In terms of revenue, value added tax and income tax show a positive correlation with economic growth, although their effectiveness depends on the tax structure and taxpayer compliance. This study also finds that a well-managed budget deficit can act as a development instrument that encourages productive investment and increases economic output sustainably. In addition, the analysis of the impulse response function (IRF) and forecast error variance decomposition (FEVD) shows that government spending instruments have a greater impact than tax instruments on the dynamics of Indonesia's economic growth. The policy implications of this study emphasize the need to optimize capital spending, reform social spending, increase the tax ratio through comprehensive tax reform, and manage the deficit wisely to maintain fiscal stability. In conclusion, effective and targeted fiscal policy can be a major catalyst in accelerating economic growth and supporting the structural transformation of the Indonesian economy towards a more inclusive and sustainable direction.
The Effectiveness Of Knowledge-Based Economy On China's Economic Growth Sinaga, Dearlina; Manullang, Marihot
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.v4i2.1481

Abstract

This study aims to discuss the Effectiveness of Knowledge-Based Economy on China's Economic Growth. The research design used is quantitative correlation where this study is a study that investigates the extent to which variations in a factor are related to variations in one or more other factors based on the correlation coefficient, while what is meant by quantitative research is research where the data used is in the form of numbers. In this knowledge era, the potential of natural resources owned by a country does not guarantee a country is able to develop and grow the economy sustainably, in this case many developed countries also implement a knowledge-based economy, especially China where China is able to implement a knowledge-based economy and can be declared successful and able to grow its economic growth well, when compared to countries that follow the basics of a knowledge-based economy. China in its level of development which is none other than implementing the concept of a knowledge-based economy can be called successful by looking at the level of economic growth which every year shows increasingly positive results where the growth is 10% growth. In the 1980s when China was still experiencing a political dilemma of the state by adopting a socialist stream that still could not develop well, but when the change of leadership and the change of stream where the stream adopted was capitalism showed drastic changes.
The Influence of Marketing Mix 4p on The Loyalty of K-Pop Music Concert Audiences in Jakarta Dita Hernita; Dewi Djunaedi, Mira Kartika
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.v4i2.1484

Abstract

The popularity of K-Pop in Indonesia continues to rise, with Jakarta frequently hosting major concerts that attract thousands of spectators. The increasing demand for K-Pop concerts has created competition among promoters, who must compete to provide the best experience for audiences through effective marketing strategies. This study aims to measure the effect of the 4P marketing mix strategy (Product, Price, Venue, Promotion) on the loyalty of K-Pop concertgoers in Jakarta. The research method used is quantitative with primary data collection through an online questionnaire. The population is aimed at millennials or generation Z who have attended a K-Pop concert in the last 3 months and are domiciled in DKI Jakarta. The research sample consisted of 115 respondents selected using purposive sampling techniques. Structural Equating Modeling (SEM) was used to determine the hypothesis testing between variables with SmartPLS software. The conclusion of this study shows that the four 4P marketing mix variables significantly influence the loyalty of K-Pop concertgoers in Jakarta. These results are expected to provide practical insights for K-Pop concert promoters and organizers in formulating effective marketing strategies to increase audience loyalty