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Evi Gravitiani
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Master of Economics and Development Studies Faculty of Economics and Business, Universitas Sebelas Maret Jl Ir. Sutami 36A Kentingan Surakarta 57126 Central Java Province, Indonesia
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Journal of Applied Economics in Developing Countries
Published by Universitas Sebelas Maret
ISSN : 23546417     EISSN : 26857448     DOI : https://doi.org/10.20961/jaedc
Core Subject : Economy,
Economics, Econometrics & Finance
FOCUS This journal focused on economics, business, and management in developing countries studies and presents developments through the publication of articles and research reports. SCOPE The Journal of Applied Economics in Developing Countries (JAEDC) specializes on Economics, Business, and Management in developing countries, and is intended to communicate original research and current issues on the subject. This journal warmly welcomes contributions from scholars of related disciplines. The focus and scope of the Journal of Applied Economics in Developing Countries include: 1. Development Economics 2. Fiscal policy 3. Monetary economics 4. Public policy 5. Regional economics development 6. Institutional economics 7. Poverty and inequality 8. International economics 9. Financial economics 10. Digital economics 11. Circular and Environmental Economics 12. Health Economics 13. Industrial Economics 14. Labor Economics
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 110 Documents
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CIRCULAR ECONOMY TRANSFORMATION IN MSMES: SUSTAINABLE BUSINESS MODEL INNOVATION TO ENHANCE ECONOMIC AND ENVIRONMENTAL PERFORMANCE Iman Supriadi; Mochamad Fatchurrohman; Etin Puspita Sari
Journal of Applied Economics in Developing Countries Vol 10, No 1 (2025): Journal of Applied Economics in Developing Countries
Publisher : MESP–FEB UNS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/jaedc.v10i1.99036

Abstract

This study analyzes the transformation of the circular economy in micro, small, and medium enterprises (MSMEs) through sustainable business model innovation and evaluates its impact on economic and environmental performance. The research aims to identify key factors influencing the successful implementation of circular economy principles and propose a theoretical framework relevant to developing countries. Employing a qualitative approach, this study utilizes a case study design and secondary data analysis, drawing from peer-reviewed journals, industry reports, and policy documents. Thematic analysis is applied to extract key patterns and relationships that support circular economy adoption in MSMEs. The findings reveal that integrating resource efficiency, waste reduction, and digital technologies enhances MSME competitiveness while promoting sustainability. Key success factors include leadership commitment, strategic partnerships, and access to technology and financing. This study contributes to the literature by offering a comprehensive framework that integrates circular economy principles with business model innovation in the MSME context. Practically, it provides strategic insights for policymakers, business leaders, and academics to accelerate the transition toward sustainable business models. Future research should focus on empirical validation and sector-specific applications to strengthen the framework’s applicability. By adopting circular economy strategies, MSMEs can enhance their resilience, drive sustainable economic growth, and contribute to global environmental goals.
BUSINESS SUCCESS EVALUATION MODEL FOR MSMES: PERFORMANCE AND STRATEGY Meylin Rahmawati; Retno Dwi Arini; Sulistya Rini Pratiwi; Kartini Kartini; Rizky Agusriyanti Irna
Journal of Applied Economics in Developing Countries Vol 10, No 1 (2025): Journal of Applied Economics in Developing Countries
Publisher : MESP–FEB UNS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/jaedc.v10i1.100167

Abstract

The development and growth of Micro, Small, and Medium Enterprises (MSMEs) serve as one of the driving forces of economic growth. The success or failure of an MSME is determined by performance measurement. This study assesses UMKM Amplang Tari's performance using the Balanced Scorecard, focusing on financial, customer, internal business processes, and growth and learning perspectives. The analysis results indicate good cost efficiency, with a Gross Profit Margin of 66% and a Net Profit Margin of 50%, although the Return on Investment (48%) still has room for improvement. A high customer complaint rate (80%) and low customer retention (57%) highlight the need for service improvements. Operationally, high product quality (97%) and on-time delivery (100%) are strengths, but program implementation (67%) requires enhancement. Employee training investment is relatively good (80%), but its impact on innovation needs to be ensured. Recommended improvements include investment optimization, service quality enhancement, strengthening marketing strategies, and product innovation. By implementing these strategies, MSMEs can improve efficiency, customer satisfaction, and competitiveness in the market.
THE EFFECT OF CAPITAL RATIOS, CREDIT RISK, AND INFLATION ON LIQUIDITY IN INDONESIAN ISLAMIC COMMERCIAL BANKS Alda Fildza Amima; Rais Sani Muharrami
Journal of Applied Economics in Developing Countries Vol 10, No 1 (2025): Journal of Applied Economics in Developing Countries
Publisher : MESP–FEB UNS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/jaedc.v10i1.99447

Abstract

This study explores the effect of Capital Adequacy Ratio (CAR), Non-Performing Financing (NPF), and inflation on liquidity of Islamic commercial banks in Indonesia. The results of the analysis show that NPF has a significant impact on liquidity, while CAR and inflation show no significant effect. This finding implies that effective credit risk management is essential for Islamic banks to maintain liquidity.  Therefore, Islamic banks should tighten the analysis of financing eligibility and conduct stricter monitoring of the financing portfolio to minimize NPF. Although CAR is important for assessing capital health, an increase in CAR does not directly improve liquidity, which suggests that Islamic banks should focus on cash flow management and asset quality. Since Islamic banks do not rely on interest rates, inflation does not have a direct impact on liquidity. In this context, recommended policies include improving staff training in risk analysis and developing strategies to diversify financing portfolios to reduce reliance on one market segment that may be more prone to risk. Thus, the main focus for Islamic banks is to strengthen credit risk management and improve risk analysis capabilities to ensure liquidity stability in the face of volatile economic challenges.
ANALYSIS OF BUYING INTEREST FROM FOLLOWERS ON INSTAGRAM FOOD BLOGGER Ermawati Ermawati; Arif Siaha Widodo; Santi Budiman
Journal of Applied Economics in Developing Countries Vol 11, No 1 (2026): Journal of Applied Economics in Developing Countries
Publisher : MESP–FEB UNS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/jaedc.v11i1.111053

Abstract

The rapid growth of Instagram-based culinary marketing among MSMEs in Yogyakarta has highlighted the need for an empirically grounded framework that connects social media communication design with consumer purchase intention. However, no prior study has integrated the 5C framework (Context, Content, Community, Communication, Connection) with the consumer response hierarchy (Awareness, Knowledge, Liking, Preference, Conviction, Intention to Purchase) into a single structural model tested in a local culinary account context. This study employed a quantitative explanatory design using covariance-based Structural Equation Modeling (SEM) with LISREL software. Data were collected via an online questionnaire distributed to followers of the Nongkrong Jogja Instagram account using the Add Web Link feature, yielding 442 valid respondents. Of the 28 measurement indicators, 26 (92.86%) met validity and reliability criteria. Partially, 63.3% of individual 5C component hypotheses were rejected, indicating that no single component independently drives purchase intention. Simultaneously, however, all six composite hypotheses were accepted, with an average R² of 0.69, meaning the integrated 5C model explains approximately 69% of the variation in buying interest stages from awareness to intention to purchase. The findings confirm that the effectiveness of Instagram-based marketing communication emerges from the synergistic integration of all five components rather than from any single dimension. Practitioners are advised to adopt a holistic content strategy that activates all 5C elements simultaneously. Future research should expand the population scope and employ longitudinal designs to strengthen causal inference.
INNOVATION AND DIGITAL MARKETING STRATEGIES OF MSMES IN BAUBAU CITY TO ENHANCE COMPETITIVENESS IN THE MODERN ERA Evi Trisetyasi; Yuyun Iriani; Zahwa Nur Syahda
Journal of Applied Economics in Developing Countries Vol 11, No 1 (2026): Journal of Applied Economics in Developing Countries
Publisher : MESP–FEB UNS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/jaedc.v11i1.115837

Abstract

Although micro, small, and medium enterprises (MSMEs) play a crucial role in regional economic development, many MSMEs in Baubau City still operate conventionally and have not yet optimally utilized digital technology. This study examines innovation, digital marketing strategies, and the supporting and inhibiting factors faced by MSMEs in Baubau City to increase their competitiveness. A descriptive qualitative method was used. Data were collected through in-depth interviews with five purposively selected MSME informants, supplemented by field observations and documentation. Data analysis was conducted according to the Miles et al. (1994) model, which consists of data reduction, data presentation, and drawing conclusions. MSMEs in Baubau City utilize digital-based product, packaging, and service innovations. This includes online ordering and cashless payments. For promotion, sales, and customer interaction, digital marketing strategies utilize platforms such as Instagram, Facebook, TikTok, Shopee, and WhatsApp Business. However, the level of utilization varies among informants. Supporting factors include available technology, high consumer interest in local products, and government-facilitated digital training. Inhibiting factors include limited knowledge of digital marketing, limited capital, inability to create engaging content, and increasingly fierce market competition. This study adds to the MSME literature by providing empirical evidence from Eastern Indonesia that the synergy between innovation and digital marketing is a key mechanism for building competitive advantage. This research differs from previous studies that consider each of these elements separately. Instead, it demonstrates how these elements contribute to the digital transformation of the regional economy. It includes small businesses in underserved areas through the Resource-Based View and Dynamic Capabilities framework.
IMPACT OF BANK REPUTATION, SERVICE QUALITY, AND SOCIAL MEDIA MARKETING ON CUSTOMER TRUST AND LOYALTY Nida Adelia; Unggul Kustiawan
Journal of Applied Economics in Developing Countries Vol 10, No 2 (2025): Journal of Applied Economics in Developing Countries
Publisher : MESP–FEB UNS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/jaedc.v10i2.108581

Abstract

Customer loyalty is a strategic factor that determines the long-term success of banks in an increasingly competitive market. This study investigates the influence of bank reputation, self-service technology quality, offline service quality, and social media marketing on customer trust and loyalty. The research applied a quantitative approach with PLS-SEM, using responses from 201 BCA bank customers. The results show that bank reputation and social media marketing contribute to building offline trust, while self-service technology and offline service quality strengthen both offline and online trust. In turn, customer trust significantly enhances loyalty. These findings suggest that banks should focus on enhancing both offline service quality and online engagement strategies to improve trust and loyalty, ultimately boosting their competitive edge in the evolving banking landscape.
HOW IS THE BLUE ECONOMY IMPLEMENTED IN FISHERIES MANAGEMENT WITHIN THE RIAU ISLANDS? Satrio Candra Nugroho; Endah Kurnia Lestari; Nandhito Figa Putra Teras; Aditya Ferdama Putra
Journal of Applied Economics in Developing Countries Vol 11, No 1 (2026): Journal of Applied Economics in Developing Countries
Publisher : MESP–FEB UNS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/jaedc.v11i1.110905

Abstract

This study aims to examine fisheries management factors through a blue economy perspective. It is a quantitative study with an explanatory approach, using panel data regression as the analysis method with an observation period from 2020 to 2023 across seven districts in the Riau Islands. Data were obtained from Statistics Indonesia and the Ministry of Maritime Affairs and Fisheries. The results show that the marine resource sustainability index significantly increase the value of fishery production through a blue economy perspective. Theoretically, this study explains the Tragedy of the Commons Theory, by operationalizes the blue economy paradigm into measurable variables aligned with environmental, social, and economic dimensions which is relevant to the classical approach in natural resource economics, where fishery resources are considered public goods vulnerable to overexploitation for personal gain, ultimately harming everyone in the long run. The results provide empirical evidence that ecosystem-based management remains central to sustaining fisheries output in archipelagic regions. The study contributes to applied development economics by offering a provincial-level panel analysis of fisheries sustainability within a small-island and archipelagic context.
GREEN FINANCE, CASH FLOW, AND TAX AVOIDANCE: EVIDENCE FROM A DEVELOPING ECONOMY Gretward Melky Tsay; Francis Hutabarat; Harlyn L Siagian
Journal of Applied Economics in Developing Countries Vol 11, No 1 (2026): Journal of Applied Economics in Developing Countries
Publisher : MESP–FEB UNS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/jaedc.v11i1.116019

Abstract

Green finance has emerged as a tool expected to increase transparency and reduce tax evasion, as the complexity of transactions in the banking sector creates significant opportunities for aggressive fiscal planning. However, there is still little concrete evidence demonstrating the relationship between the two. This study examines whether operational cash flow influences the relationship between green finance and tax avoidance in the Indonesian banking sector, where OJK Regulation No. 51/POJK.03/2017 mandates green finance but the consequences of its fiscal behavior are poorly understood. A group of 18 banks included in the Infobank15 Index was analyzed, resulting in 64 annual observations for the period 2021–2024. Green finance is measured as the proportion of environmentally oriented loans, operating cash flow is normalized by total assets, and the effective tax rate is used to indicate tax avoidance. Moderated regression analysis was performed using the Jamovi program. The results of the moderated regression analysis indicate that green financing does not have a significant direct effect on tax avoidance (β = 0.199, p = 0.330), while operational cash flow has a positive effect (β = 0.028, p = 0.001), with a negative interaction term (β = -0.094, p = 0.001). This indicates that operational cash flow moderates the relationship between green financing and tax avoidance. These results add to the literature on sustainable taxation, establish operational cash flow as an important boundary condition for green fiscal effects, and offer practical guidelines for regulators and bank management in building an environmentally friendly fiscal compliance framework.
LEADING BUSINESS SECTORS THEIR RELATIONSHIP FOR REGIONAL DEVELOPMENT IN TEGAL REGENCY Reza Nur Amrin; Trisnanti Widi Rineksi
Journal of Applied Economics in Developing Countries Vol 10, No 2 (2025): Journal of Applied Economics in Developing Countries
Publisher : MESP–FEB UNS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/jaedc.v10i2.108633

Abstract

The emergence of Covid-19 has impacted changes in the economic structure of leading business sectors and regional development in various areas. The purpose of this study is to determine the leading business sectors in Tegal Regency before and after the Covid-19 pandemic. Berbeda dengan penelitian sebelumnya, penelitian ini juga menekankan analisis regional development in Tegal Regency. Descriptive research with a quantitative approach is used in this study. Data sources were obtained from the Central Bureau of Statistics (BPS) in the form of ADHK Gross Domestic Regional Product (GDRP) by business sector in Tegal Regency and Central Java Province, covering the last 8 (eight) years, from 2016 to 2023. The data analysis techniques used are Location Quotient (LQ), Shift-Share (SS), and Klassen Typology to identify leading sectors based on their quadrant analysis. There are 4 (four) leading business sectors in Tegal Regency, namely Mining and Quarrying; Accommodation and Food and Beverage Services; Information and Communication; and Education Services. This analysis indicate that business sectors are linked to regional development in Tegal Regency. These findings confirm a shift in the economic structure after the pandemic, which opens opportunities for strengthening the Information and Communication sector as well as the Education Services sector. The policy implication for the local government is to formulate economic recovery strategies based on leading sectors that are adaptive to structural changes. The results of this analysis indicate that the fourive business sectors are linked to regional development in Tegal Regency.
WHAT DRIVES CAPITAL EXPENDITURE IN INDUSTRIAL REGIONS? EVIDENCE FROM CENTRAL JAVA, INDONESIA Muhammad Alrayhan Bhagaskara; Ovi Itsnaini Ulynnuha
Journal of Applied Economics in Developing Countries Vol 11, No 1 (2026): Journal of Applied Economics in Developing Countries
Publisher : MESP–FEB UNS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/jaedc.v11i1.115896

Abstract

This study examines how fiscal capacity influences public investment in industrial-based regions by analyzing the effects of economic growth, Local Own-Source Revenue (PAD), and the General Allocation Fund (DAU) on local government capital expenditure in Central Java during 2018–2024. While fiscal decentralization studies in Indonesia largely focus on transfer dependency and aggregate provincial performance, limited attention has been given to industrial regions where economic expansion may reshape local fiscal dynamics. Using panel data from seven industrial-regional governments, this study addresses that gap. The findings indicate that economic growth, PAD, and DAU exert a positive influence on capital expenditure. The process of industrial expansion has been demonstrated to increase fiscal space and investment incentives. Furthermore, stronger local revenue mobilisation has been shown to enhance fiscal autonomy and development responsiveness. Concurrently, intergovernmental transfers continue to play a pivotal role in fostering regional investment, including in economically vibrant regions. This study makes a contribution to the existing literature on fiscal decentralisation by highlighting a dual fiscal mechanism in industrial regions. The results of the study highlight the necessity of achieving a balance between local revenue strengthening and transfer design in order to ensure the sustainability of productive public investment.

Page 10 of 11 | Total Record : 110

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