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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 657 Documents
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The Influence of Social Structure and Behavior and Investment on Poverty in East Kalimantan Province Gregorius, Gerry; Suharto, Rahcmad Budi; Jiuhardi, Jiuhardi; Setyadi, Djoko
International Journal of Economics (IJEC) Vol. 4 No. 1 (2025): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v4i1.1324

Abstract

This study aims to analyze and test the influence of 1) Community Structure on Community Behavior and Poverty; 2) Community Behavior and Investment on Poverty; 3) Investment on Community Welfare and 4) Welfare on Poverty in East Kalimantan Province. This study uses a descriptive quantitative approach with panel data of nine (9) districts/cities in East Kalimantan in 2011-2023. The data used are population density, open unemployment rate, Domestic Investment, Foreign Investment, length of schooling, expected length of schooling, PMDN, PMA, life expectancy data, average length of schooling, gross regional domestic product, human development index, percentage of poor population, depth of poverty and severity of poverty in East Kalimantan. Data analysis used SEM ( Structural Equation Modeling ) analysis using WarPLS 8.0 software. The results of the study indicate that population structure has a positive and significant effect on community behavior and a negative and significant effect on poverty. Community behavior has a negative and significant effect on poverty, in contrast to insignificant investment, investment has a positive and significant effect on welfare directly and welfare has a negative and significant effect on poverty.
Analysis of Regional Financial Management Performance Ratios on Economic Growth in the Era of Fiscal Decentralisation in Karanganyar Regency Central Java Wijayanti, Ratna Ayu; Huda, Syamsul
International Journal of Economics (IJEC) Vol. 4 No. 1 (2025): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v4i1.1325

Abstract

Economic growth is a crucial aspect of development, especially in developing countries, as it has a direct impact on people's welfare. Welfare improvement cannot be separated from the role of the government in managing regional finances optimally. Regional financial management that applies the concept of value for money can encourage economic growth, so as to improve people's welfare. This study aims to analyse the effect of regional financial performance on economic growth. The object of this research is Karanganyar Regency using data for the period 2013-2023. The analysis method used is multiple linear regression with the help of SPSS IBM 26 software. The results showed that the regional independence ratio had a positive but insignificant effect on economic growth. Meanwhile, the effectiveness ratio has a negative and significant effect on economic growth. The efficiency ratio is proven to have a positive and significant effect on economic growth. The ratio of the degree of fiscal decentralisation has a negative but insignificant effect on economic growth.
The Influence of Green Human Resource Management on the Corporate Sustainability through Green Innovation Mediation and Corporate Social Responsibility Moderation in PDAM Surya Sembada Surabaya City Pratama, Raditya Yuniar Alfani; Riyadi, Slamet; Sumiati, Sumiati
International Journal of Economics (IJEC) Vol. 4 No. 1 (2025): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v4i1.1336

Abstract

This study examines a company involved in the processing and distribution of clean water for the public in Surabaya. Globalization and climate change are increasingly interconnected, impacting corporate sustainability. Companies must adapt to market demands while maintaining environmental responsibility. This research aims to analyze the relationship between green recruitment and selection, green training and development, green performance assessment, green reward and compensation, and corporate sustainability. The study employs SmartPLS for outer and inner model test analysis. The findings indicate that green recruitment and selection significantly affect green innovation but not corporate sustainability. Green training and development significantly influence green innovation but do not directly impact corporate sustainability. Green performance assessment also has a significant effect on green innovation but not on corporate sustainability. Meanwhile, green reward and compensation do not significantly affect green innovation but have a significant impact on corporate sustainability. Green innovation contributes to corporate sustainability. Furthermore, green recruitment and selection, green training and development, green performance assessment, and green reward and compensation significantly influence green innovation through corporate sustainability as an intervening variable. However, corporate social responsibility does not significantly moderate the relationship between green innovation and corporate sustainability. These findings highlight the need for companies to integrate green human resource practices to enhance innovation and long-term sustainability.
Smart City Strategy in Urban Development Management: Effectiveness Study in Banjarbaru City Ambarwati, Riris; Azahrarty, Azahrarty; Amelia, Citra; Suryani, Khalisa Rahmina; Permana, Yudi
International Journal of Economics (IJEC) Vol. 4 No. 1 (2025): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v4i1.1337

Abstract

The concept of a smart city has emerged as a key paradigm in modern urban management, particularly in enhancing public service efficiency, governance, and environmental sustainability. This study explores the smart city strategy in the urban development of Banjarbaru City, aiming to evaluate the implementation and effectiveness of related policies and technologies that support digital innovation. Employing a qualitative approach, data were collected through in-depth interviews, field observations, and document analysis involving stakeholders such as local governments, academics, and community members. The findings reveal that smart city initiatives in Banjarbaru have positively impacted public service efficiency, especially in digital governance, technology-based transportation, and urban environmental management. Nonetheless, several challenges persist, including inadequate digital infrastructure, limited public technological literacy, and insufficient readiness of human resources to adopt new technologies. Resistance to change and a lack of system integration across sectors further hinder progress. This study recommends enhancing data-driven policy formulation, strengthening technological infrastructure, improving human resource capacity, and fostering collaboration between government, private sectors, and the community to support digital transformation. Moreover, innovative financing models such as public-private partnerships (PPP) and green bonds are proposed as viable strategies to accelerate sustainable smart city development. The study also highlights the need for future research on evaluating the sustainability of smart cities, developing measurable performance indicators, and mitigating risks in urban technological implementation. With an inclusive and innovation-oriented approach, Banjarbaru demonstrates significant potential to become a model smart city that is efficient, sustainable, and adaptive to contemporary urban challenges.
Computer Based Accounting System to Improve Village Fund Financial Accountability Malahayati, Rina; Hasan, Muridha; Pertiwi, Tri
International Journal of Economics (IJEC) Vol. 4 No. 1 (2025): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v4i1.1346

Abstract

This study examines the implementation of a computer-based accounting system to enhance the accountability of village fund management in Pasir Bangun Village, Southeast Aceh. Using a qualitative case study approach, data were collected through in-depth interviews, participatory observation, and document analysis from August to December 2024. The results indicate that the system significantly improved financial document completeness from 58% to 92% and reduced reporting time from 47 days to 9 days. Key findings identify three critical success factors: (1) strong village leadership, (2) tiered mentoring by district government, and (3) cultural adaptation of the system through Acehnese language interface and integration with traditional village deliberation. Major challenges include limited electricity and internet infrastructure, human resource competency gaps, and resistance from older-generation village officials. The study recommends regular training funding allocations, village technology task forces, and basic infrastructure provisions as strategic measures. These findings contribute to the literature on village government digitalization by proposing an implementation model that integrates technical, social, and cultural aspects.
Transformation of Human Resources Risk Management in Higher Education: An Adaptive Approach Towards Changes in Education Policy Putro, Suryati Eko; Bernadetha Nadeak; Yeyen Subandi; Hady Sofyan
International Journal of Economics (IJEC) Vol. 4 No. 1 (2025): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v4i1.1358

Abstract

The transformation of Human Resources (HR) risk management in higher education is becoming increasingly crucial in facing the dynamics of changes in education policy in Indonesia. This study aims to analyze how higher education institutions implement an adaptive approach in managing HR risk in order to improve organizational effectiveness and institutional competitiveness. The research method used is qualitative with a case study approach and comparative analysis of several higher education institutions in Indonesia. The results of the study indicate that the success of HR risk management is highly dependent on policy flexibility, investment in improving the competence of educators, the implementation of a transparent evaluation system, and attention to the welfare of educators. Higher education institutions that implement an adaptive HR risk management model are proven to be better prepared in facing policy changes and are able to develop into more competitive educational institutions. Therefore, this study recommends the formulation of more flexible and data-based policies to improve the resilience and innovation of higher education institutions in Indonesia.
Validity and Reliability of Customer Loyalty Instruments at Bank Jatim Sub-Branch Karangjati Ngawi Oksatana, Miga; Mujanah, Siti; Fianto, Achmad Yanu Alif
International Journal of Economics (IJEC) Vol. 4 No. 1 (2025): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v4i1.1373

Abstract

This study aims to assess the accuracy of the questionnaire measuring the customer loyalty instrument at Bank Jatim Sub-Branch Karangjati Ngawi using validity and reliability tests. The validity assessment is conducted to ascertain whether the questions on the questionnaire measure what is to be measured. The purpose of the reliability test is to gauge how trustworthy or dependable the questionnaire is. In this study, partial least squares (PLS) analysis is used to analyze data utilizing quantitative research methodologies. The study's sample used probabilty sampling using simple random sampling method as many as 46 respondents. Method of gathering data using a questionnaire. The findings indicate the validity value in the loading factor parameter in accordance with the criteria above 0.70. With AVE parameters (convergent validity) in accordance with the criteria above 0.50, and with discriminant parameters (Fornell Lacker, HTMT, cross loading) showing in accordance with the criteria below 0.90. Then the reliability value in all parameters (Croncbach's alpha and composite reliability) also shows in accordance with the criteria above 0.70. Thus this study proves that the questionnaire used to measure the level of customer loyalty at Bank Jatim Sub-Branch Karangjati Ngawi is valid and reliable.
Analysis of Lean Six Sigma Modeling in Efforts to Improve Operational Performance at Royal Surabaya Hospital Pasaribu, Betsy Tiurma; Mujanah, Siti; Fianto, Achmad Yanu Alif
International Journal of Economics (IJEC) Vol. 4 No. 1 (2025): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v4i1.1376

Abstract

This study analyzes the implementation of the Lean Six Sigma model in an effort to improve operational performance at Royal Surabaya Hospital, considering the importance of efficiency and quality in modern healthcare. This study is a descriptive qualitative study that comprehensively examines the implementation process, barriers and challenges, and the impact of this methodology on the organization. Data were collected through in-depth interviews, participant observation, and document review from February to April 2025. The study findings indicate that the implementation of Lean Six Sigma significantly improved operational efficiency. Patient registration time was reduced by 25% (from 15 minutes to 11 minutes), waiting time for drug dispensing was reduced by 20% (from 20 minutes to 16 minutes), operational costs were reduced by 15%, and patient satisfaction increased by 30%. Implementation challenges included resistance from staff, limited training resources, and inadequate management commitment. This study provides empirical evidence on the effectiveness of Lean Six Sigma in private hospitals in Indonesia, as well as providing several recommendations for sustaining the program.
Global Labor Market Developments and Their Relation with HR Management Ningsih, Supiah; Sipahutar, M Ali; Yusnandar, Willy; Sabrina, Sabrina; Syera, Inda Arfa
International Journal of Economics (IJEC) Vol. 4 No. 1 (2025): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v4i1.1379

Abstract

Globalization has accelerated economic, social, and political integration between countries, creating an increasingly open and competitive labor market. This has encouraged the mobility of labor across countries, both physically and virtually, and expanded opportunities for individuals and companies to participate in the global economy. Technology, especially the digital revolution, artificial intelligence (AI), robotics, and automation, is a major driver of global labor market change. By 2030, more than 80% of global employers expect technology to revolutionize various industrial sectors and create high demand for new skills, such as programming, big data analysis, and technology literacy. Globalization has become a major factor changing the dynamics of labor markets around the world, including Indonesia. This development requires countries to adjust their labor market policies and structures to be able to compete amidst increasingly competitive and liberal global market pressures. One major trend is the implementation of a flexible labor market system, promoted by international institutions such as the World Bank and IMF in response to the incompatibility of rigid labor markets with global economic conditions. The development of the global labor market due to globalization has brought significant changes to the structure, behavior, and policies of the labor market, including in Indonesia. Human resource management is the key to managing these challenges and taking advantage of these opportunities, through adaptive, inclusive, and knowledge-based strategies to create competitive advantage and sustainable economic growth. The evolution of human resource management in the modern era is marked by digital transformation that changes the way organizations manage their workforce, from manual processes to automation and data-driven.
The Influence of Job Characteristics and Work-Life Balance on Employee Performance with Mediation Digital Dexterity Hanjaya, Yahya Kurnia; Mujanah, Siti; Fianto, Achmad Yanu Alif
International Journal of Economics (IJEC) Vol. 4 No. 1 (2025): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v4i1.1442

Abstract

This study investigates the influence of job characteristics and work-life balance on employee performance among vocational high school teachers, examining the mediating role of digital dexterity. The research employed a quantitative approach, surveying 51 teachers at SMK Ketintang Surabaya. Partial Least Square (PLS) analysis was used for hypothesis testing. The findings indicate that both job characteristics and work-life balance have a significant positive effect on digital dexterity. Furthermore, job characteristics, work-life balance, and digital dexterity all demonstrate a significant positive influence on employee performance. Digital dexterity acts as a significant mediator in these relationships. The model explained 62.9% of the variance in digital dexterity (moderate effect) and 75.9% of the variance in employee performance (substantial effect). Work-life balance exhibited a larger effect size on digital dexterity compared to job characteristics, while digital dexterity had the most substantial effect size on employee performance among the predictors. In conclusion, well-designed job roles and effective work-life balance are vital for enhancing teacher performance, both directly and by fostering digital dexterity. Educational institutions are advised to focus on improving job characteristics, supporting work-life balance, and investing in digital skills development for their teaching staff.

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