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INDONESIA
Signifikan : Jurnal Ilmu Ekonomi
ISSN : 20872046     EISSN : 24769223     DOI : 10.1016
Core Subject : Economy,
Arjuna Subject : -
Articles 17 Documents
Search results for , issue "Vol 13, No 2 (2024)" : 17 Documents clear
The Link Between Financial Development and Poverty: A Spatial Analysis of Indonesia Saputro, Nugroho; Nugroho, Linggar Ikhsan; Pamungkas, Putra; Pramusinta, Eka Dyah
Signifikan: Jurnal Ilmu Ekonomi Vol 13, No 2 (2024)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/sjie.v13i2.42285

Abstract

Research Originality: This research is original in its examination of the spatial influence of financial development on poverty in Indonesia.Research Objectives: This study investigates the impact of financial development on poverty reduction in Indonesia.Research Methods: This study employs a spatial econometric approach, analyzing data from 2016 to 2021. Key variables include credit-to-GDP ratio, third-party funding-to-GDP ratio, government spending, the human development index, and deposits-to-GDP ratio.Empirical Results: The findings reveal significant spatial dependence in poverty across Indonesian regions. The credit-to-GDP ratio did not significantly reduce poverty, whereas the third-party funding-to-GDP ratio showed a positive and significant effect on poverty reduction. Government spending, the human development index, and the deposits-to-GDP ratio contributed to poverty alleviation.Implications: These results suggest that Indonesia's financial sector development has not effectively reduced poverty. Policymakers should focus on targeted financial reforms, regional coordination, and improving socio-economic factors to enhance poverty reduction efforts.JEL Classification: C31, G21, I32, O18
Welfare Tendency Probability: A Study on Poor Households in Indonesia Rachmawati, Lucky; Cahyono, Hendry; Azhar, Nur Azirah Zahida Binti Muhammad; Othman, Norashida; Shakil, Nurul Syifaa Mohd; Arisetyawan, Kukuh
Signifikan: Jurnal Ilmu Ekonomi Vol 13, No 2 (2024)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/sjie.v13i2.40800

Abstract

Research Originality: Poverty is an important issue in the discussion of economic development. The problem of household poverty in Indonesia is not enough to be analyzed at the macro level; it should also be analyzed in microeconomic settings. Research Objectives: This study uses secondary data sourced from the results of the Indonesian Family Life Survey (IFLS) surveys in 2007 and 2014 to determine the trends in household characteristics (social, economic, and demographic) and their influence on the level of welfare of poor households, the share of household spending inequality, and poverty alleviation strategies through a household-based policy approach in Indonesia.Research Methods: Meanwhile, the research method used is Multinomial Logistic Regression.Empirical Results: The results of the study found that the education level of the head of the household, place of residence, and household size contributed to the value of the opportunity of the household welfare position in each category. Meanwhile, Javanese have the highest level of inequality in terms of ethnic expenditure distribution and the lowest in terms of welfare.Implications: This study implies that the condition of the head of the family dramatically influences welfare at the household level.JEL Classification: C49, O11, Q01, R58
The Effect of Financial Deepening on Economic Growth in Indonesia Astutik, Yanti; Nugroho, Ris Yuwono Yudo
Signifikan: Jurnal Ilmu Ekonomi Vol 13, No 2 (2024)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/sjie.v13i2.41998

Abstract

Research Originality: This study presents a new interaction between the independent variable financial deepening by adding the inflation control variable as a monetary variable, trade openness and remittances as non-monetary variables, and a dummy variable to see the influence of the pandemic period and not the COVID-19 pandemic period on economic growth.Research Purposes: This research aims to determine the effect of financial deepening on economic growth in Indonesia.Research Methods: This research uses quarterly time series data in Indonesia from 2010-2023 and selects an Error Correction Model (ECM) and Robustness Test model.Empirical Results: Research findings show that financial deepening in the long term and short term has a negative effect on economic growth. This happens because financial deepening in Indonesia is still relatively low, at around 40 percent. The trade openness and remittance variables have a positive effect on economic growth, while the dummy COVID-19 variable in the long term has a negative effect on economic growth.Implications: This study implies that the government needs to improve effective coordination in facing challenges in the financial sector and set targets to encourage financial deepening so that financial inclusion can be achieved.JEL Classification: O10, O44, C32, E31, F13, F24
The Effects of Digital Economy on Inclusive Growth in Selected African Countries Dakwal, Solomon Mangut; Okwanya, Innocent; Ogiri, Aisha I.
Signifikan: Jurnal Ilmu Ekonomi Vol 13, No 2 (2024)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/sjie.v13i2.41545

Abstract

Research Originality: The originality of this work is the inclusion of more variables that are used to develop the digital economy index, which is a more accurate representation of the digital economy in Africa. Also, instead of capturing the inclusive growth with a single variable such as HDI, GDP per capita, or RGDP per person employed, as seen in previous studies, this study adds to the body of literature by creating an inclusive growth index using the four key indicators of inclusive growth.Research Objective: This study investigates the effect of the digital economy on inclusive growth in selected African countries.Research Methods: The study employed longitudinal panel data sourced from the world development indicators and was analyzed using the Arellano and Bond (1991) system Generalized Method of Moments (SGMM), a dynamic panel data model that handles endogeneity, unobserved heterogeneity, and autocorrelation.Empirical Results: The findings demonstrated a positive and significant effect of the digital economy on inclusive growth in the countries studied. The effects of the digital economy are more visible in lower—and lower-middle-income (LI and LMI) countries than in upper-middle-income (UMI) African countries.Implications: These findings imply that improving investments in internet infrastructure and fostering a technology-driven economy can help Africa achieve more robust inclusive growth.JEL Classification: O3, O4, C31
Education and Mediated Effects on Economic Development of Indonesia Jumhur, Jumhur
Signifikan: Jurnal Ilmu Ekonomi Vol 13, No 2 (2024)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/sjie.v13i2.40929

Abstract

Research Originality: This research lies in its comprehensive approach. It utilizes Structural Equation Modeling (SEM) to analyze education levels' direct and indirect impacts on economic growth through various economic indicators.Research Objectives: This study investigates the impact of primary, secondary, and tertiary education levels on Indonesia’s economic growth, specifically examining the mediating effects of Foreign Direct Investment (FDI), credit, exports, and unemployment.Research Methods: The data from the World Development Indicators (WDI) for 2015-2023 offer a long-term perspective on the trends in education and economic performance in Indonesia.Empirical Results: The empirical results indicate that none of the mediators significantly influence the relationship between education levels and Gross Domestic Product (GDP) growth. These challenging conventional theories predict a positive impact of education on economic development. This outcome suggests a potential misalignment between Indonesia’s educational outputs and labor market demand, underscoring the need for policy reforms.Implications: The study implies that to foster meaningful economic growth, Indonesian education policy should enhance curriculum relevance and align educational outcomes with key market needs.JEL Classification: I25, F21, J64
The Impact of Internet Access Contributing to Farmers' Welfare in Indonesia: A Case Study Based on National Socio-Economic Survey Wardhana, Adhitya; Fauzy, M. Zidan; Anggana, Adrian Kevianta; Kharisma, Bayu
Signifikan: Jurnal Ilmu Ekonomi Vol 13, No 2 (2024)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/sjie.v13i2.43188

Abstract

Research Originality: This study highlights the transformative role of digitalization, particularly the use of internet networks and mobile phones, in addressing these challenges and enhancing the welfare of farmers.Research Objectives: This research aims to analyze the impact of internet usage on farmers' welfare in Indonesia. Specifically, it examines how access to digital tools can bridge the knowledge gap in the agricultural sector and improve economic outcomes, focusing on regional disparities between Western and Eastern Indonesia.Research Methods: This study uses National Socio-Economic Survey (Susenas) data and the ordered probit model with marginal effects.Empirical Results: Farmers in the upper-middle expenditure group can leverage the Internet and mobile phones to access production information, markets, and farm credit, supported by better finances and education. In contrast, low-income farmers, particularly in eastern Indonesia, face barriers such as costs, limited infrastructure, and low digital literacy, hindering technology adoption to improve welfare.Implications: The government is expected to address this digital divide by accelerating the development of internet infrastructure in rural areas, improving digital literacy, subsidizing technological devices, and developing accessible agricultural applications.JEL Classification: D6, I24, L86, Q12
Unintended Beneficiaries: Examining 3 kg LPG Consumption Among Upper-Middle-Class Households in Bali Pardita, Dewa Putu Yudi; Purnami, Anak Agung Sri; Putra, I Komang; Darma, I Ketut
Signifikan: Jurnal Ilmu Ekonomi Vol 13, No 2 (2024)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/sjie.v13i2.42534

Abstract

Research Originality: This study investigates the consumption patterns and awareness of 3 kg LPG subsidy policies among upper-middle-class households in Bali, a relatively unexplored area in energy subsidies and consumer behavior.Research Objectives: To examine the effects of income, price, and practicality on awareness and consumption of 3 kg LPG and evaluate whether awareness mediates these relationships.Research Methods: A mixed-methods approach combines quantitative survey data with qualitative interview insights. Structural Equation Modeling (SEM) analyzes quantitative relationships, while qualitative findings provide contextual depth.Empirical Results: Income does not affect awareness, while price and practicality had a significant positive impact. However, income, price, and practicality had adverse but insignificant effects on 3 kg LPG consumption. Awareness did not mediate the relationships between income, price, practicality, and consumption.Implications: Policymakers should improve subsidy distribution, strengthen public education campaigns, and promote alternatives like induction stoves to reduce dependence on subsidized LPG. JEL Classification: D12, H23, L95, Q41, Q48
Enhancing Competitiveness of Indonesian Culinary SMEs: The Role of Entrepreneurial Networks, Entrepreneurial Bricolage, and Frugal Innovation Alamanda, Dini Turipanam; Anggadwita, Grisna; Profityo, Werda Bagus Profityo Bagus; Kurniati, Dinar Mariam
Signifikan: Jurnal Ilmu Ekonomi Vol 13, No 2 (2024)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/sjie.v13i2.41206

Abstract

Research Originality: This study comprehensively analyzes entrepreneurial networks, bricolage, and frugal innovation within the context of Indonesian culinary SMEs.Research Objectives: This study explores how entrepreneurial networks, entrepreneurial bricolage, and frugal innovation contribute to improving the competitiveness of SMEs in Indonesia's culinary sector.Research Methods: Data analysis was conducted using Partial Least Squares Structural Equation Modeling (PLS-SEM) with a total of 100 culinary SMEs across various regions of Indonesia.Empirical Results: This study reveals that while entrepreneurial networks do not directly impact competitiveness, they play a crucial role in fostering entrepreneurial bricolage and frugal innovation. These two constructs, in turn, significantly enhance the competitiveness of SMEs.Implications: This research provides insights on how SMEs in emerging economies can harness resourcefulness and innovation to sustain growth and competitiveness.JEL Classification: L14, L26, O31, O32
The Management of Productive Zakat in Indonesia: The Case of Baznas’ Economic Empowerment Program Hosen, Muhamad Nadratuzzaman; Hidayat, Rahmat; Hidayah, Nur; Lathifah, Fitriyani
Signifikan: Jurnal Ilmu Ekonomi Vol 13, No 2 (2024)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/sjie.v13i2.42673

Abstract

Research Originality: This study contributes to the gap in the literature on the empowerment process in measuring the success history of zakat management.Research Objectives: This research aims to measure the factors influencing the improvement of Mustahik's welfare through a mediating variable, namely, the empowerment process.Research Methods: This research uses mixed-method analysis through quantitative and qualitative approaches. Quantitative approach using SEM-PLS.Empirical Results: The study's findings show that the empowerment process is a mediating variable capable of providing more substantial value and a favorable influence on Mustahik welfare, depending on input factors such as zakat funds and mentorship at the individual, organizational, and community levels. Meanwhile, the Z-Chicken initiative had no substantial positive influence on Mustahik's welfare.Implications: The study's findings indicate the necessity of assessing Baznas' management of distribution programs to improve the empowerment process, primarily via the community empowerment method.JEL Classification: I30, I31, O12
Regional Convergence and Spatial Shift-Share Analysis of Labor Productivity in Indonesia Wahyuni, Ribut Nurul Tri
Signifikan: Jurnal Ilmu Ekonomi Vol 13, No 2 (2024)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/sjie.v13i2.39092

Abstract

Research Originality: This study offers a new method to analyze district labor productivity in Indonesia.Research Objectives: This study examines the convergence of district labor productivity in Indonesia and the role of structural change in this district labor productivity growth.Research Methods: This study uses spatial convergence and spatial shift-share analysis. This study collected data from BPS-Statistics Indonesia at the district level between 2010 and 2022.Empirical Results: Labor productivity in Indonesia exhibits convergence. Neighbor districts' characteristics, such as initial labor productivity and unobserved variables, affect this convergence. The intrasectoral component has the most significant effect on labor productivity growth. The intersectoral component, caused by structural change, has almost no effect.Implications: The Indonesian government can improve intrasectoral productivity growth to accelerate labor productivity development.JEL Classification: C21, E24, R11

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