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Contact Name
Yolamalinda
Contact Email
redaksieconomica@gmail.com
Phone
+6285274920247
Journal Mail Official
redaksieconomica@gmail.com
Editorial Address
Prodi Pendidikan Ekonomi Fakultas Ekonomi Dan Bisnis Universitas PGRI Sumatera Barat Jl. Gunung Pangilun, Padang. Kode Pos 25111
Location
Kota padang,
Sumatera barat
INDONESIA
Economica: Journal of Economic and Economic Education
ISSN : 23025190     EISSN : 2460190X     DOI : https://doi.org/10.22202/economica
Core Subject : Economy, Education,
Economica: Journal Of Economic And Economic Education, sebuah jurnal internasional elektronik, menyediakan forum untuk menerbitkan artikel penelitian asli, artikel ulasan dari pakar yang diundang, dan berita teknologi baru yang terkait dengan Riset ekonomi dan Riset pendidikan ekonomi. Jurnal ini dirancang dan dikhususkan untuk dosen, peneliti, guru ekonomi sekolah, pendidik guru, mahasiswa (S1, S2 dan S3) yang ingin mempublikasikan laporan penelitiannya baik lokal maupun internasional. Fokus dan Ruang Lingkup Teori Ekonomi Teori Ekonometrika: penerapan metode statistik pada data ekonomi untuk memberikan konten empiris pada hubungan ekonomi Ekonomi Lingkungan dan Sumber Daya Alam: alat ekonomi untuk mengevaluasi alokasi dan pemanfaatan sumber daya alam dan pengelolaan lingkungan alam, mengatasi masalah lingkungan dan sumber daya alam, memprediksi kemungkinan dampak dari kebijakan dan peraturan pemerintah, dan merancang solusi untuk menekan masalah ekonomi dan lingkungan. Ekonomi perilaku: Model perilaku biasanya mengintegrasikan wawasan dari psikologi, ilmu saraf, dan teori ekonomi mikro. Studi ekonomi perilaku mencakup bagaimana keputusan pasar dibuat dan mekanisme yang mendorong pilihan publik. Perilaku kewirausahaan: teori kontemporer pengambilan keputusan kewirausahaan - neoklasik, dan Austria. Perdagangan internasional: Kebijakan dan teori perdagangan internasional, rezim perdagangan multilateral Ekonomi pertanian: mencakup ekonomi pertanian dalam arti luas, mulai dari konsumsi pangan dan nutrisi hingga tata guna lahan dan lingkungan, pada setiap skala analisis dari rumah tangga hingga pasar dan ekonomi makro ekonomi.
Articles 259 Documents
THE INFLUENCE OF PROFITABILITY, LEVERAGE AND DIVIDEND POLICY ON STOCK PRICES Anatia Agusti; Hari Sriwijayanti; Devi Edriani
JURNAL ECONOMICA : Research of Economic And Economic Education Vol 13, No 2 (2025): Economica: Journal Of Economic And Economic Education
Publisher : Economic Education Faculty of Economics and Business Universitas PGRI Sumatera Barat

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22202/economica.2025.v13.i2.9355

Abstract

The aim of this research is to explore how profitability, leverage, and dividend policy influence stock prices. This study focuses on mining firms that are listed on the Indonesia Stock Exchange from 2019 to 2023. It utilizes quantitative data, specifically secondary data gathered through documentation methods. The analysis includes all 62 mining companies listed on the Indonesia Stock Exchange during the period of 20192023. From these, 16 companies were chosen using specific criteria (purposive sampling). The analytical method employed in this research is multiple linear regression, with hypothesis testing carried out using SPSS software. Findings from the ttest indicate that profitability positively and significantly impacts stock prices of mining companies listed on the Indonesia Stock Exchange during 20192023, while leverage negatively and significantly affects these stock prices. Moreover, dividend policy also positively and significantly influences stock prices in the mining sector for the same period. The overall contribution of profitability, leverage, and dividend policy to stock prices is determined to be 41. 6%. JEL Classification: G30; G32; G35; G12 Keywords: Profitability, Leverage , Dividend Policy, Stock Price
THE EFFECT OF ENERGY SUBSIDY AND THE NUMBER OF MOTOR VEHICLES ON ECONOMIC GROWTH IN INDONESIA nisha selvia
JURNAL ECONOMICA : Research of Economic And Economic Education Vol 14, No 1 (2025): Economica: Journal Of Economic And Economic Education
Publisher : Economic Education Faculty of Economics and Business Universitas PGRI Sumatera Barat

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22202/economica.2025.v14.i1.10489

Abstract

This research aims to analyze the effect of energy subsidies and the number of motorized vehicles on economic growth in Indonesia. The research background stems from the increasing need for energy as a result of population growth, the number of motorized vehicles, and dependence on non-renewable fossil energy. The method used is a quantitative approach with multiple linear regression analysis techniques using secondary data processed with the help of the Eviews 10 and SPSS 21 applications. The research results show that both energy subsidies and the number of motorized vehicles have a positive influence on economic growth, but are not statistically significant. The R-square value of 0.203 indicates that 20.3% of the variation in economic growth can be explained by these two independent variables, while the rest is influenced by other factors. These findings indicate that to encourage higher economic growth, it is necessary to diversify the factors driving growth beyond energy and motor vehicle variables.
THE EFFECT OF REGIONAL ORIGINAL REVENUE (PAD), GENERAL ALLOCATION FUNDS (DAU), AND SPECIAL ALLOCATION FUNDS (DAK) ON SUSTAINABLE REGIONAL ECONOMIC GROWTH (PED) IN THE SOUTHERN SUMATRA REGION (SUMBAGSEL) Rangga Ananta; Heni Noviarita; Alief Rakhman Setyanto
JURNAL ECONOMICA : Research of Economic And Economic Education Vol 14, No 2 (2026): Economica: Journal Of Economic And Economic Education
Publisher : Economic Education Faculty of Economics and Business Universitas PGRI Sumatera Barat

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22202/economica.2026.v14.i2.11169

Abstract

This study examines the effect of Regional Own-Source Revenue (PAD) inequality, General Allocation Funds (DAU), and Special Allocation Funds (DAK) on sustainable Regional Economic Growth (PED) in the Southern Sumatra region. The urgency of this study arises from persistent fiscal inequality among regions and the uneven effectiveness of fiscal decentralization in promoting inclusive economic growth. This study aims to analyze the partial and simultaneous effects of PAD inequality, DAU, and DAK on regional economic growth, as well as to examine their implications from the perspective of Islamic economic values. This research uses a quantitative approach with panel data consisting of five provinces in Southern Sumatra during the 2020–2024 period. The data were obtained from the Central Statistics Agency and analyzed using panel data regression with model selection tests, including Chow, Hausman, and Lagrange Multiplier tests. The results show that PAD inequality has no significant effect on PED, while DAU has a negative and significant effect. In contrast, DAK has a positive and significant effect on PED, indicating that targeted fiscal transfers are more effective in supporting regional economic activity. Simultaneously, PAD inequality, DAU, and DAK significantly affect PED, with an adjusted R² of 51.11%. These findings imply that regional fiscal policy should prioritize productive spending, especially through the optimization of DAK, while strengthening fiscal governance based on justice, accountability, and public welfare as reflected in Islamic economic values
THE EFFECT OF ACCESS TO EDUCATION AND ACCESS TO HEALTH ON POVERTY LEVELS IN INDONESIA FROM AN ECONOMIC PERSPECTIVE ISLAM 2015-2024 Galuh Ramadhan; Wahyu Iryana; Gustika Nurmalia
JURNAL ECONOMICA : Research of Economic And Economic Education Vol 14, No 2 (2026): Economica: Journal Of Economic And Economic Education
Publisher : Economic Education Faculty of Economics and Business Universitas PGRI Sumatera Barat

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22202/economica.2026.v14.i2.11139

Abstract

This study aims to analyze the effect of access to education and healthcare on poverty levels in Indonesia from an Islamic economics perspective during the 2015–2024 period, using a quantitative approach and multiple linear regression analysis based on secondary data obtained from the Central Bureau of Statistics (BPS). The results indicate that access to education has a negative and significant effect in reducing poverty, while access to healthcare has a negative but not statistically significant effect. Simultaneously, both variables have a significant influence and are able to explain a large proportion of the variation in poverty levels. From the perspective of Islamic economics, education and healthcare are considered essential factors in improving human resource quality, promoting welfare, and achieving social justice in order to reduce poverty.
THE INFLUENCE OF WORLD OIL PRICES, EXCHANGE RATES, AND GLOBAL ECONOMIC UNCERTAINTY ON THE DYNAMICS OF THE COMPOSITE STOCK PRICE INDEX (IHSG) Eza Syahbana; Fitrawaty Fitrawaty
JURNAL ECONOMICA : Research of Economic And Economic Education Vol 14, No 2 (2026): Economica: Journal Of Economic And Economic Education
Publisher : Economic Education Faculty of Economics and Business Universitas PGRI Sumatera Barat

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22202/economica.2026.v14.i2.11183

Abstract

This study analyzes the effect of world oil prices, exchange rates, and global economic policy uncertainty on IHSG using the Error Correction Model (ECM). Secondary time series data are employed. The results show that in the short run all variables have a negative and insignificant effect on IHSG. In the long run, world oil prices and exchange rates have a positive and significant effect, while global economic policy uncertainty has a positive but insignificant effect. It is concluded that global factors exert short-term pressure but support stock market performance in the long term.
DETERMINANTS OF CO₂ EMISSIONS IN THE SIX LARGEST CONTRIBUTING COUNTRIES: GDP, ENERGY, POPULATION, AND RENEWABLE ENERGY Noubel Putra Nainggolan; Eko Wahyu Nugrahadi
JURNAL ECONOMICA : Research of Economic And Economic Education Vol 14, No 2 (2026): Economica: Journal Of Economic And Economic Education
Publisher : Economic Education Faculty of Economics and Business Universitas PGRI Sumatera Barat

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22202/economica.2026.v14.i2.11182

Abstract

This study analyzes the effects of real Gross Domestic Product (GDP), per capita energy consumption, population, and renewable energy share on CO₂ emissions in the world’s six largest emitting countries China, the United States, India, Russia, Japan, and Indonesia over the period 2015-2024. The novelty lies in integrating the Environmental Kuznets Curve, Kaya Identity, Energy Intensity Theory, Energy Transition Theory, and Sustainable Development Theory into a single post-Paris Agreement panel data model. Using balanced panel data, the study selected the Random Effect Model (REM) through Chow, Hausman, and Lagrange Multiplier tests. Results indicate that real GDP (coef. = 0.000155; p = 0.0001), per capita energy consumption (coef. = 99,418.97; p = 0.0000), and population (coef. = 4.659; p = 0.0006) have a significant positive effect on CO₂ emissions. Renewable energy has a negative but insignificant effect (coef. = -9,321,612; p = 0.6578). Jointly, the four variables explain 75.38% of CO₂ emission variation (Adj. R² = 0.7538; F = 46.171; p = 0.0000). These findings imply that emission reduction requires simultaneous structural transformation across economic growth, energy use, demographic pressure, and genuine fossil-fuel substitution, not single-variable intervention.
FINANCIAL RISK AS MEDIATION OF THE EFFECT OF PERCEIVED QUALITY AND PERCEIVED SACRIFICE ON PERCEIVED VALUE FOR CUSTOMERS RESTAURANT PADANG Alfattory Rheza Syahrul; Syailendra Eka Saputra; Neffi Sulkaisi; Nora Susanti
JURNAL ECONOMICA : Research of Economic And Economic Education Vol 14, No 2 (2026): Economica: Journal Of Economic And Economic Education
Publisher : Economic Education Faculty of Economics and Business Universitas PGRI Sumatera Barat

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22202/economica.2026.v14.i2.9182

Abstract

Using financial risk as a mediating variable, this study attempts to demonstrate and examine how perceived quality and perceived cost affect perceived value. Customers who frequent Padang restaurants make up the sample for this study. Respondents who fulfilled the conditions were given questionnaires in order to collect data. The Smart PLS application is used to process the path analysis analysis approach. There were 210 Padang restaurant patrons among the total replies. This study examines individual intentions using the Theory of Planned Behavior (TPB), emphasizing the connection between subjective norms, intentions, and individual attitudes. The outcomes attained include The perceived value of the food offered at restaurants Padang is positively impacted by perceived quality, while the perceived value of patrons who dine at Padang restaurants is negatively impacted by perceived sacrifice. Perceived sacrifice has a positive and significant impact on perceived value through financial risk as a mediating variable for patrons of Padang restaurants, while perceived quality has no discernible effect on perceived value. Financial risk also has a positive effect on consumers' perceptions of the value of dining at restaurants Padang
THE IMPACT OF EARNINGS PER SHARE (EPS) AND DIVIDEND PAYOUT RATIO (DPR) ON DIVIDEND YIELD OF COMPANIES LISTED IN THE JAKARTA ISLAMIC INDEX Hayu Yolanda Utami; Defriko Gusma Putra; Mona Amelia
JURNAL ECONOMICA : Research of Economic And Economic Education Vol 14, No 2 (2026): Economica: Journal Of Economic And Economic Education
Publisher : Economic Education Faculty of Economics and Business Universitas PGRI Sumatera Barat

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22202/economica.2026.v14.i2.11542

Abstract

This study aims to examine the effect of Earnings Per Share (EPS) and Dividend Payout Ratio (DPR) on Dividend Yield of companies listed in the Jakarta Islamic Index (JII) on the Indonesia Stock Exchange during the 2021–2025 period. The study is motivated by the increasing importance of dividend yield as an indicator of investment returns in the Islamic capital market, alongside inconsistent findings from previous studies regarding the influence of corporate profitability and dividend policy on dividend yield. This research employs a quantitative explanatory approach using secondary data obtained from the annual reports and financial statements of companies listed in the Jakarta Islamic Index. The sample consists of 15 companies selected through purposive sampling, resulting in 75 panel data observations over the five-year study period. Data analysis was conducted using panel data regression with the Fixed Effect Model (FEM) selected as the most appropriate estimation model. The empirical findings indicate that Earnings Per Share has a positive and significant effect on Dividend Yield, suggesting that higher corporate profitability enhances investors' expectations of dividend payments. Furthermore, Dividend Payout Ratio also has a positive and significant effect on Dividend Yield, indicating that companies distributing a larger proportion of earnings as dividends provide higher returns to shareholders through dividend income. The findings support Signaling Theory, which explains that profitability and dividend policy function as positive signals regarding a firm's financial performance and future prospects. This study contributes to the literature on Islamic capital markets by providing recent empirical evidence on the determinants of dividend yield among Sharia-compliant companies listed in the Jakarta Islamic Index. Practically, the findings provide useful insights for investors in selecting dividend-oriented Islamic stocks and for corporate managers in formulating sustainable dividend policies.
THE EFFECT OF LEVERAGE, COMPANY SIZE AND PROFITABILITY ON DIVIDEND PAYMENTS Aletha Kevina Putri Purwantoro; Menik Indrati
JURNAL ECONOMICA : Research of Economic And Economic Education Vol 14, No 2 (2026): Economica: Journal Of Economic And Economic Education
Publisher : Economic Education Faculty of Economics and Business Universitas PGRI Sumatera Barat

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22202/economica.2026.v14.i2.11100

Abstract

This study aims to examine the effect of leverage, firm size, and profitability on dividend payments. The population consists of 75 energy sector companies during the 2021–2023 period. The sample was determined using a purposive sampling technique based on specific criteria, resulting in 23 companies with a total of 69 observations. The research employed a quantitative method analyzed using panel data regression with EViews 13 software. Model selection was conducted through the Chow test, Hausman test, and Lagrange Multiplier (LM) test to determine the best model. Subsequently, classical assumption tests were performed, including normality, multicollinearity, heteroscedasticity, and autocorrelation tests, followed by hypothesis testing. The results indicate that firm size and profitability have a positive effect on dividend payments. Meanwhile, leverage has no effect on dividend payments. These findings suggest that a company’s ability to generate profits and its scale can be determining factors in dividend payments, whereas leverage has not yet become a determining factor in dividend payments.

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