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Wahyu Ario Pratomo
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Jl. Prof. T. M. Hanafiah, S.H., Kampus USU, Medan, 20155, Sumatera Utara, Indonesia Fakultas Ekonomi dan Bisnis, Universitas Sumatera Utara
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Journal of Sustainable Economics
Published by TALENTA PUBLISHER
ISSN : -     EISSN : 30218179     DOI : https://doi.org/10.32734/
Core Subject : Economy, Social,
Economics, Econometrics & Finance Social Sciences
Journal of Sustainable Economics (JSE) is a peer-reviewed publication of original research works. The mission of the journal is to offer a medium to exchange ideas and information about the advancement of knowledge and research in disiplines of economics and econometrics from the following subject area such as microeconomics, macroeconomics, developing economics, finance and banking, islamic economics and public economics. The journal also receives systematic reviews, meta-analysis and review article on new issues in pharmaceutical and clinical sciences. Submission to this journal implies that the manuscript has not been published or under consideration to be published in another journal. At the initial stage, this journal will be published online twice a year. Each publication contains 5 (five) research articles which will be published online. This journal is open access and published by TALENTA Publisher which organized by Department of Development Economics, Department of Economics Postgraduate and Doctoral Program, Faculty of Economics And Business, Universitas Sumatera Utara (USU).
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 30 Documents
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Carbon Emissions In Indonesia Viewed From Tourism Aspects Andrasari, Monika; Hasyim, Sirojuzilam; Tanjung, Ahmad Albar; Syafii, M.; Lubis, Irsad
Journal of Sustainable Economics Vol. 2 No. 1 (2024): Journal of Sustainable Economics
Publisher : TALENTA PUBLISHER UNIVERSITAS SUMATERA UTARA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32734/jse.v2i1.15627

Abstract

The purpose of this study is to see the effects of the tourism sector on the number of carbon emissions in Indonesia. The importance of the tourist industry in Indonesia is growing in parallel with its growth and economic contribution, but It is undeniable that all economic activity, including tourism, has an impact on environmental change, particularly the rise in carbon dioxide emissions. Therefore, testing was carried out using the Autoregressive Distributed Lag (ARDL) method to see the long-term and short-term relationships between the independent variables to the dependent variable. The variables used in this study are CO2 emission values, tourist arrivals, tourism contribution to GDP and foreign direct investment. For long-term analysis, FDI has no effect on carbon emissions in Indonesia, tourist arrivals have a positive and significant effect on alpha 1%, while the contribution of tourism to GDP has a negative and significant effect on alpha 5% on carbon emissions. In the short-term the CO2 variable from the previous period has a significant positive effect on current CO2, current tourist arrivals have a significant negative effect on current CO2 (10% error rate) and the Tourism Contribution of the previous two periods has a significant negative effect on the 5% error rate to the number of carbon emissions in Indonesia.
Tiktok and Beauty in the Age of Gen Z: A Baudrillard Economic Sociological Analysis Harahap, Rahma Hayati; Asengbaramae, Rowiyah; Karindra, Nadia Aulia
Journal of Sustainable Economics Vol. 2 No. 1 (2024): Journal of Sustainable Economics
Publisher : TALENTA PUBLISHER UNIVERSITAS SUMATERA UTARA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32734/jse.v2i1.16296

Abstract

Through influencers and E-WoM, TikTok creates a favourable environment for users in adapting and trying new things, both in terms of consuming products and marketing products. Through Baudrillard's theory, it can be seen that Gen Z consumption culture is influenced by their self-representation on social media. The background of this research lies in a shift in the paradigm of beauty consumption in the era of Generation Z. TikTok users quickly promoted and adopted a variety of beauty trends, creating a foundation for understanding the symbolic meaning created by the Gen Z consumption culture. The theory used is Jean Baudrillard's theory of consumer society. In this theory, consumer society no longer consume objects based on exchange values or usage values, but because of symbolic values which are abstract and constructed in nature. This article uses a literary study research method that involves searching and critically analysing relevant literature related to the title of the article. This study aims to explain Gen Z consumption culture on Tiktok beauty trend through Baudrillard's sociological economic perspective. Therefore, this article not only explains the beauty trends that are emerging in TikTok, but also opens up a discussion about how tikTok contributes to the formation of Gen Z identity and consumption culture.
From Emissions to Economy: Company Characteristics and Carbon Disclosure in Southeast Asia Warokka, Ari; Barroso, Manuel Monjas; Aqmar, Aina Zatil
Journal of Sustainable Economics Vol. 2 No. 1 (2024): Journal of Sustainable Economics
Publisher : TALENTA PUBLISHER UNIVERSITAS SUMATERA UTARA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32734/jse.v2i1.16440

Abstract

This study investigates the relationship between company characteristics, carbon emission disclosure, and economic consequences in five ASEAN countries. By utilizing data from 2008 to 2017, the research focuses on non-financial companies, selected due to their prominence as the highest carbon-emitting nations in the ASEAN region. Results reveal that profitability positively influences carbon emission disclosure, while leverage exhibits no significant effect. Additionally, company size positively impacts carbon emission disclosure, whereas sales growth demonstrates a negative effect. Furthermore, carbon emission disclosure positively affects economic consequence variables. These findings offer practical implications for practitioners and investors, emphasizing the importance of considering carbon emission disclosure in investment decisions.
Moslem Intention to Use Sharia Peer to Peer Lending: A Case in Indonesia using Technology Acceptance Model (TAM) Rusadi, Putri Oktavia; Azifah, Nur; Rusydiana, Aam Slamet
Journal of Sustainable Economics Vol. 2 No. 1 (2024): Journal of Sustainable Economics
Publisher : TALENTA PUBLISHER UNIVERSITAS SUMATERA UTARA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32734/jse.v2i1.16590

Abstract

Rapid technological developments have an impact on the growth of the digital economy, one of which is the Financial Technology (fintech) sector. One of the fintechs that is developing in the society is fintech peer to peer lending. Currently, sharia-based fintech peer to peer lending is also present as an alternative solution for people who want to fund and apply for sharia-based financing. To see the development of sharia peer to peer lending, the researcher conducted this research with the aim of analyzing the factors that influence the interest of the Indonesian people in using digital technology services, namely sharia peer to peer lending using the Technology Acceptance Model (TAM). The research method used is quantitative research using primary data, namely through distributing questionnaires to 100 respondents, both those who have used sharia peer to peer lending or have never used it. The variables used in this study were adopted from the Technology Acceptance Model (TAM), namely trust, ease of usefulness, risk and sharia compliance. The conclusion of this study shows that all variables do not have a positive influence on interest in using sharia peer to peer lending.
Mapping Sustainable Development Goals and Constitutional Rules: Looking from Human Rights Approach in Malaysia Ismail, Abdul Ghafar; Markom, Ruzian; Ghafar, Nur Hannani Abdul
Journal of Sustainable Economics Vol. 2 No. 1 (2024): Journal of Sustainable Economics
Publisher : TALENTA PUBLISHER UNIVERSITAS SUMATERA UTARA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32734/jse.v2i1.16663

Abstract

The 2015 Sustainable Development Goals (SDGs) provide the UN with a roadmap for development until 2030. The goals would also be subjected to the national agenda. The study explored the associated legal and normative implications of SDGs. The 17 goals and 169 targets of the SDGs covered crucial areas of poverty reduction, climate change, clean water, and access to justice. Combining both thematic and goal-specific analysis, the study establishes the relevance not just of international law, but also of a broader range of normative frameworks including constitutional norms, domestic regulatory law, and human rights. Connecting the SDGs to wider debates in constitutional economics and sustainable development, this study ultimately demonstrates that law has an important constitutive and instrumental role to play in both implementation and analysis. The method used is based on the review of the constitutional provision in Malaysia and major international agreements on sustainable development which are linked to human rights. This relationship will prove invaluable for scholars in the field of sustainable development. Its insightful observations will also provide food for thought for both related international organizations and national government officials.
The Impact of Trade Policies on Economic Growth in Tanzania Chindengwike, James
Journal of Sustainable Economics Vol. 2 No. 2 (2024): Journal of Sustainable Economics
Publisher : TALENTA PUBLISHER UNIVERSITAS SUMATERA UTARA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32734/jse.v2i2.17333

Abstract

Effective trade policy is very important to support economic growth. This study's main goal is to evaluate how trade policies affect Tanzania's economic expansion. In this study, quantitative research techniques and a time series research design were used. The study's population consists of economic data spanning the years 1990 to 2020. The analysis examined thirty observations, or annual data, from two trustworthy sources: The World Bank and the International Monetary Fund (IMF). The study's findings indicate that, because the qualities are connected with growth, trade policy influences Tanzania's economic growth. The study comes to the conclusion that trade adjustments in these important sectors gave preference to ineffective operations over productive ones in order to support infrastructure, health, education, and agriculture, the government needs manage its resources well. It should also specify exactly which laws and rules need to be followed in order to implement national policies.
Optimization of Quadruple Helix Using RUMEUNG App for Sustainable Tourism Development in West Java Nur Hendrasto, Sutopo, Elang Ilik Martawijaya, Abdullah Haidar
Journal of Sustainable Economics Vol. 2 No. 2 (2024): Journal of Sustainable Economics
Publisher : TALENTA PUBLISHER UNIVERSITAS SUMATERA UTARA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32734/jse.v2i2.18176

Abstract

The development of tourism concepts requires collaborative efforts across multiple stakeholders. This study focuses on enhancing the tourism sector through the "RUMEUNG" application, designed to integrate efforts from government, academia, business, and local communities. Such integration is essential for fostering creativity, ensuring high-quality final products, and maintaining competitiveness in the increasingly diverse market of tourism. West Java, an expansive region, is identified as having 2,583 potential tourist sites as per the Department of Tourism and Culture. To optimize these assets, coordinated development and marketing strategies are critical. This qualitative study uses descriptive research techniques to assess and improve the usability of the "RUMEUNG" application’s user interface. It adopts the Lean UX methodology for design and evaluates the outcomes using Single Ease Questions (SEQ) and the System Usability Scale (SUS). Additionally, the research explores the application of the Quadruple Helix model in tourism development in West Java through the RUMEUNG program, aiming to enhance digital integration among the key stakeholders. Results indicate that the user interface design of RUMEUNG is highly accessible, with a SEQ score of 8.5%. Most users found the interface to be extremely easy to use (7%), while others rated it as easy (12%) and very easy (3%). The SUS scores were also favorable, falling within the grade B range (80-90), which reflects good usability. By implementing a Quadruple Helix approach, the RUMEUNG application potentially facilitates robust collaboration, promoting sustainable tourism development in West Java.
Sustainability of Islamic Bank Financing across Macroeconomic and Internal Factors Suprayitno, Aryadimas; Susanto, Arva Athallah; Hawariyuni, Weni
Journal of Sustainable Economics Vol. 2 No. 2 (2024): Journal of Sustainable Economics
Publisher : TALENTA PUBLISHER UNIVERSITAS SUMATERA UTARA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32734/jse.v2i2.18433

Abstract

The sustainability of Islamic banking financing can be evaluated by examining the dynamics of financing risk, as an escalation in financing risk may lead to significant losses for banks. This study aims to investigate the long-term and short-term effects of internal factors and macroeconomic conditions on the financing risk encountered by Islamic banks in Indonesia. This study utilizes quarterly time series data from 2015 to 2023, with Financing Risk as the endogenous variable and Macroeconomics, Capital, Efficiency, and Bank Performance as the exogenous factors. This study utilizes Autoregressive Distributed Lag (ARDL) analysis technique. The results indicate that, over the long term, internal factors such as capital, efficiency, and performance substantially affect financing risk. Capital exerts a detrimental influence, although both efficiency and the performance of Islamic banks positively affect financing risk. In contrast, macroeconomic factors are found to exert no substantial influence on financing risk. In the short term, capital and efficiency exert considerable effects, with capital adversely influencing financing risk and efficiency favorably improving it. The performance of Islamic banks does not substantially influence financing risk throughout this period. Macroeconomic conditions are observed to positively affect financing risk. This study's conclusions offer significant insights for analysts of Islamic banking risk, facilitating educated short-term and long-term decision-making to more effectively predict variations in financing risks.
Connectivity Infrastructure Spending and Its Indicator Achievement: Case Study of Southern Sumatra Region Nopiah, Ririn; Azansyah; Ekaputri, Retno Agustina; Sunaryo; Prasetya, Bayu Andy
Journal of Sustainable Economics Vol. 2 No. 2 (2024): Journal of Sustainable Economics
Publisher : TALENTA PUBLISHER UNIVERSITAS SUMATERA UTARA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32734/jse.v2i2.18708

Abstract

Connectivity infrastructure is one of the crucial aspects in the development of a region. The Indonesian government has allocated a significant budget for connectivity infrastructure spending. The effectiveness of infrastructure spending reflects how much the connectivity infrastructure indicators have been achieved. The increase in connectivity infrastructure spending must be directly proportional to the rise in the quality and quantity of connectivity infrastructure. This study aims to analyze the correlation between connectivity infrastructure spending and the achievement of its indicators, especially in the Southern Sumatra region. The analysis method used is the Pearson Correlation analysis method, an approach to analyzing growth and the effectiveness of connectivity infrastructure spending. The results show that infrastructure spending and the achievement of its indicators have a relatively weak and negative correlation for roads and bridges. This study provides implications that the Southern Sumatra Region still needs improvement and evaluation between the distribution of government spending and program implementation for better regional development effectiveness.
Beyond the Neoclassical Approach Addressing Income Inequality in Indonesia Through Institutional Economics Harahap, Zikrina Rizka Amelia
Journal of Sustainable Economics Vol. 2 No. 2 (2024): Journal of Sustainable Economics
Publisher : TALENTA PUBLISHER UNIVERSITAS SUMATERA UTARA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32734/jse.v2i2.18923

Abstract

Indonesia is a developing country that still has many economic development problems. Income inequality is one such problem. In the Cold War era, many countries, including Indonesia, began to adopt the neoclassical economic system used by the West to stem the influence of Soviet communism. Unfortunately, much literature states that the neoclassical school of economics creates a wide curtain between the rich and the poor. Income inequality is a problem that can lead to social unrest, and it was proven that in 1997/1998, there was a multidimensional crisis caused by this widening inequality. The ability of neoclassical economics to answer Indonesia's economic challenges is starting to be doubted. This is due to quite complex problems in the structure of Indonesian society, which still adheres closely to local culture, norms, and customs in carrying out its economic activities. Adopting a new institutional economic system is deemed more appropriate to address the challenges of income inequality in Indonesia than the neoclassical economic system. The new institutional economic system is able to explain that differences in culture, societal structure, and norms will shape different economic behavior, so the role of institutions and externalities is needed to support this form of economic behavior. In this article, we will explain the condition of income inequality in Indonesia, the use of neoclassical schools of thought in developing countries such as Indonesia, and the role of new institutional economics in explaining the problem of income inequality in Indonesia.

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