cover
Contact Name
Evi Gravitiani
Contact Email
evigravitiani_fe@staff.uns.ac.id
Phone
+6288989834046
Journal Mail Official
jaedc@mail.uns.ac.id
Editorial Address
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
Location
Kota surakarta,
Jawa tengah
INDONESIA
Journal of Applied Economics in Developing Countries
ISSN : 23546417     EISSN : 26857448     DOI : https://doi.org/10.20961/jaedc
Core Subject : Economy,
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
Articles 102 Documents
DOES THE ECONOMIC VALUE OF THE PRAMBANAN TEMPLE REFLECT ITS HERITAGE VALUE? Nabila Wahyu Mulia; Norma Ayu Elvina; Sahira Marisa Nuratri; Depri Depri
Journal of Applied Economics in Developing Countries Vol 9, No 1 (2024): 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.v9i1.85299

Abstract

This study aims to estimate the economic value of the Prambanan Temple tourist attraction using the Travel Cost Method (TCM). The visitor willingness to pay for entrance tickets is used to reflect the economic value of the Prambanan Temple's cultural heritage, assessed with the Individual Travel Cost Method (ITCM) approach. The analysis utilizes Ordinary Least Squares (OLS) regression. The study included 186 respondents. Total visitor willingness to pay for the Prambanan Temple is Rp 10,747,976 ($688.57), with an average visitor willingness to pay of Rp 57,753 ($3.70) per visit. The current entrance ticket price is Rp 50,000 ($3.22). This suggests that the value of the Prambanan Temple's cultural heritage to visitors is higher than the current ticket price. The consumer surplus generated by the 186 respondents is Rp 1,399,358 ($89.65), with a consumer surplus per individual of Rp 7,492 ($0.48). 
SUSTAINABILITY IN THE MINING TOWN: DOES THE GHOST TOWN IS REAL? Sulistiyohadi Sulistiyohadi; Moersidik Moersidik; Suparmoko Suparmoko
Journal of Applied Economics in Developing Countries Vol 2, No 1 (2016): 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.v2i1.89997

Abstract

Coal booming in the last ten years, made the mining industry as the backbone of the mining town. This study aims to assess sustainability at Berau and Paser District in East Kalimantan Province as a mining town; wherein 2024 the mining industry will enter the stage of post-mining. Sustainability cities assessed by comparison of GDP sectors making up the structure of the economy. The methodology is made by depth interviews with stakeholders such as Regent, mining manager and community leaders. The results showed that Berau and Paser as mining town did not sustain and failed to perform the transformation of non- renewable natural resources to empower the human resources. In last five years, the quality of Berau people more than 60% graduated from junior high school. It is not enough to make the growth sustainability. Human interaction from the outside as the miners had formed multiplier economic effect, where it fostered social and economic interaction higher than the socio-economic interaction between the local residents. Migrating miners will reduce economic rents that have been built since 1993. The potential for a real ghost town will occur after the end of mining activities although that conditions ghost town in Paser and Berau's not like in America and Europe. This condition would make the collapse of economics interaction that has been built over the years. Keywords : mining town, ghost town, sustainability, Berau, Paser.
ARE GOVERNMENT BANKS LESS COMPETITIVE THAN PRIVATE BANKS? EVIDENCE FROM INDONESIAN BANKING Tri Mulyaningsih; Anne Daly; Phil Lewis; Riyana Miranti
Journal of Applied Economics in Developing Countries Vol 1, No 1 (2014): 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.v1i1.89994

Abstract

Literature suggests that compared to private banks, state-owned banks have lower incentives to maximize profit. This study aims to investigate the possible different competitive behaviour of state-owned banks and private banks. The recent refinement of Panzar-Rosse method by Bikker, Shaffer, and Spierdijk (2011) was employed to estimate the competitive behaviour of state-owned and private banks. The empirical estimation of Fixed-Effect approach shows that the H-statistics of the state-owned banks was significantly smaller than of the private banks. It implies that private banks behaved more competitively than the state-owned banks. The private bank market was close to perfect competition or monopolistic competition where bank products are regarded as perfect substitutes for one another. In contrast, state-owned banks attempted to collude rather than to compete to generate a maximum profit. State-owned banks behaved less competitive because they served the interest of government or politician, have a long hierarchical organisational design, receive an interest rate subsidies and an implicit guarantee from government against failure and their business are being controlled by government.Keywords: Bank ownership, competitive behaviour, Panzar-Rosse
ANALYZING THE DETERMINANTS OF BOND MARKET DEVELOPMENT IN NIGERIA Ajibu Jonas; Asia Khamis Nyange; Ashura Rajabu Yusuph
Journal of Applied Economics in Developing Countries Vol 9, No 2 (2024): 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.v9i2.92942

Abstract

This study examines the key factors influencing the development of Nigeria’s bond market using time series data from 1981 to 2022. While employing quantitative methods, the study identifies a strong long-term relationship between key economic variables and bond market development. Major findings highlight the critical roles of inflation, fiscal deficit, foreign direct investment, and per capita income in shaping market growth. The study provides practical policy recommendations, including measures to boost market liquidity, improve transparency, and promote public-private partnerships for sustainable bond market development. These findings contribute significantly to understanding the dynamics of emerging bond markets and their potential for economic development in Nigeria.
DO THE EXTRA ADDITIONAL FACILITIES CREATE A DESIRE AMONG VISITORS TO REVISIT THE SITE? Wiwin Arisanti; Rishma Anandha Rachmayanti; Tira Pasama
Journal of Applied Economics in Developing Countries Vol 9, No 1 (2024): 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.v9i1.85300

Abstract

As an effort to improve the economy through the tourism sector, the management of Prambanan Temple, namely PT Taman Wisata Candi Borobudur, Prambanan, and Ratu Boko, updated regulations by enhancing facilities in the Prambanan Temple area to attract local and international tourists. This research applies contingent valuation methods (CVM) to determine the benefits of the existence of Prambanan Temple and analyze the factors that influence tourist visits to Prambanan Temple facilities. Based on the Willingness To Pay (WTP) value given by tourists, the value of the benefits of existence from Prambanan Temple tourism is IDR 104,658,080,000 or $6,737,949.99. The regression test results show that ticket prices positively and significantly influence tourists' return visits to Prambanan Temple facilities. Meanwhile, the variables education, age, facilities, and services do not have a substantial influence on the level of tourist return visits.
DEVELOPING KAMPURUI MOTIFS AS A TOURISM PRODUCT TO IMPROVE CREATIVE INDUSTRY MSMES IN SULAA WEAVING VILLAGE Yusman Sutoyo; Evi Trisetyasi
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.v10i1.100710

Abstract

This research aims to examine the development of Kampurui motifs as tourism products to enhance creative MSMEs in the Sulaa weaving village, addressing the research gap between traditional textile preservation and sustainable tourism development. Employing a qualitative descriptive methodology with 30 purposively selected MSME participants, the study demonstrates that Kampurui from Sulaa possesses distinctive characteristics due to its unique weaving process, confirming its viability as a tourism product development opportunity. The research contributes to existing literature by establishing connections between cultural heritage preservation and sustainable tourism through traditional textiles, identifying three distinct types of Kampurui (padamalala/samasili, bhewe Patawala, and Paporoki) and documenting their historical significance as royal attire within the Buton Sultanate along with their two-stage production process. These findings offer practical implications for both policymakers and MSME practitioners, suggesting that investment in traditional craft development can yield sustainable tourism opportunities while maintaining cultural authenticity, thereby creating market differentiation and supporting economic development strategies that integrate heritage preservation with commercial viability.
THE IMPACT OF LIQUEFIED PETROLEUM GAS CONVERSION ON WOMEN’S ACTIVITY Fadhila Maulida
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.v10i1.95775

Abstract

This study examines the impact of Liquefied Petroleum Gas (LPG) conversion on women's empowerment indicated by married women's economic and social activity. LPG conversion is the biggest program for switching kerosene to LPG in Indonesia. This study uses work hours as a proxy for economic activity and the number of social gatherings as a proxy for social activity. The difference-in-difference method was used as the research method. The 4th and 5th wave data from the Indonesian Family Life Survey (IFLS) were used as the research data. The examination of married women was conducted in the analysis unit. Estimation of regional and demographic sub-samples was also performed to determine which received greater impact. Based on the estimation results, it is found that the LPG conversion can increase the work hours of average women by 209.64 hours/year or 4.03 hours/week and the number of social gatherings by 0.14. The sub-sample estimation also confirms that the impact of LPG conversion still has a positive causal effect on the two variables of interest. This paper adds to the existing literature by using the more comprehensive causal effect of using clean energy on women's empowerment, being the first study to analyze the impact of the LPG conversion program on women’s economic and social activity.
CAREER DEVELOPMENT AND WORKLOAD ON TURNOVER INTENTION AT EAST JAVA PROVINCIAL DEPARTMENT OF CULTURE AND TOURISM Yuni Maulidiyah Dwi Fajar
Journal of Applied Economics in Developing Countries Vol 10, No 2 (2025): In press September
Publisher : MESP–FEB UNS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/jaedc.v10i2.102908

Abstract

This study aims to examine the effect of career development and workload on job satisfaction, the effect of job satisfaction on turnover intention, and the mediating role of job satisfaction in the relationship between career development and workload on turnover intention. The research focuses on non-permanent employees with work agreements (PTT-PK) at the Department of Culture and Tourism of East Java Province. This quantitative study employed a survey method with a saturated sample of 89 PTT-PK employees registered at the East Java Provincial Civil Service Agency (BKD). Data were collected using an online questionnaire and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) with SmartPLS software. The results show that (1) career development has a significant positive effect on job satisfaction, (2) workload has a significant negative effect on job satisfaction, (3) job satisfaction has a significant negative effect on turnover intention, (4) job satisfaction significantly mediates the effect of career development on turnover intention, and (5) job satisfaction does not significantly mediate the effect of workload on turnover intention. These findings highlight the importance of career development and workload management in improving job satisfaction and reducing turnover intention among non-permanent government employees.
NEXUS AMONG FISCAL SPENDING, MONEY INFLATION AND ECONOMIC WELFARE IN NIGERIA Felix Odunayo Ajayi; Aduralere Opeyemi Oyelade; Gideon Olugbenga Olanrewaju
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.v10i1.92727

Abstract

This study investigates the nexus among fiscal spending, money inflation, and economic welfare in Nigeria. The relationship between these macroeconomic variables is a long-standing topic of interest, as fiscal spending, inflationary pressures, and the economic well-being of citizens are intricately linked. Nigeria, as one of Africa's largest economies, faces a complex set of economic challenges that impact the welfare of its citizens. The country has grappled with mounting fiscal spending pressures to address critical development priorities, while simultaneously battling recurring inflation driven by factors such as fiscal deficits, fluctuations in global oil prices, and policy coordination issues. The study employs the Error Correction Model (ECM) to analyze the dynamics among the variables from 1990 to 2022. The findings revealed that fiscal spending has a positive impact on economic welfare, while money inflation exerts a negative effect. The results underscore the importance of balanced and coordinated fiscal and monetary policies to ensure sustainable economic growth and equitable distribution of welfare improvements. The study's recommendations emphasize the need for enhanced fiscal-monetary policy coordination, efficient allocation of public resources, and targeted interventions to mitigate the adverse impacts of inflation on the economic well-being of citizens.
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.

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