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INDONESIA
Signifikan : Jurnal Ilmu Ekonomi
ISSN : 20872046     EISSN : 24769223     DOI : 10.1016
Core Subject : Economy,
Arjuna Subject : -
Articles 10 Documents
Search results for , issue "Vol 9, No 1 (2020)" : 10 Documents clear
Do Non-Economic Factors Effect Village Fund? Lely Ratwianingsih; Malik Cahyadin; Sutomo Sutomo
Signifikan: Jurnal Ilmu Ekonomi Vol 9, No 1 (2020)
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.v9i1.14056

Abstract

The Government has enacted Law Number 6/2014 concerning Villages. One policy included in that Law is the provision of Village Funds (Dana Desa) in which its implementation can be investigated based on non-economic aspects. For this reason, this study aims to analyze the impact of non-economic factors on Village Funds disbursed in 29 districts in Central Java Province. These factors include population and the Human Development Index (HDI). While using secondary data from 2015-2017, this research employs a method using panel data with the best model known as the Fixed Effects Model (FEM). The FEM estimation results show that the population has a significant impact, while HDI's impact is not significant. Besides, the ratio between Village Funds and the population has a significant impact on Village Funds. Thus, both the Central and the Regional Government, as well as the Village Heads, should consider the population in allocating Village Funds. The contribution of this study is that the Government should formulate an appropriate policy for Village Funds allocation by considering non-economic factors in each village.JEL Classification: O10, O23, E62How to Cite:Ratwianingsih, L., Cahyadin, M., & Sutomo. (2020). Do Non-Economic Factors Affect Village Funds?. Signifikan: Jurnal Ilmu Ekonomi, Vol. 9(1), 93-106. doi: http://dx.doi.org/10.15408/sjie.v9i1.14056.
The Relevance of Wagner’s Hypothesis in Achieving Sustainable Development Agenda in Nigeria Isiaq Olasunkanmi Oseni; Ibrahim Ayoade Adekunle
Signifikan: Jurnal Ilmu Ekonomi Vol 9, No 1 (2020)
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.v9i1.12884

Abstract

Policy ambiguity in the form of non-directional and non-purposeful use of state resources has made sustainable growth outcomes a mirage in Nigeria. The recent economic crisis prompted the debate on how increased government spending induces sustainable economic growth in Nigeria. This paper examines the validity or otherwise of Wagner’s theory in Nigeria for the realization of the Sustainable Development Goals (SDGs) from 1980 through 2017. By using time-series data on real gross domestic product, total government expenditure, money supply, and domestic investment and adopting the two-step Engle and Granger estimation procedure, result shows that increased government spending significantly predicts variations in real gross domestic product and thus leaned empirical credence to Wagner’s hypothesis as an essential concept for the attainment of Sustainable Development Goals in Nigeria. This paper recommended that the government should exhaust all possible option to increase expenditure in order to realize sustainable growth in Nigeria. JEL Classification: E62, O11 How to Cite:Oseni, I. O., & Adekunle, I. A. (2020). The Relevance of Wagner’s Hypothesis in Achieving Sustainable Development Agenda in Nigeria. Signifikan: Jurnal Ilmu Ekonomi, Vol. 9(1), 123-136. doi: http://dx.doi.org/10.15408/sjie.v9i1.12884
Energy, Economic Growth, and Financial Development in ASEAN+3 Kartika Pramahesti; Djoni Hartono
Signifikan: Jurnal Ilmu Ekonomi Vol 9, No 1 (2020)
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.v9i1.13536

Abstract

 This research aimed to determine the effects of financial development on the consumption of energy through the economic growth channels in ASEAN+3 in 1990 – 2013. Whether or not the financial development affected the energy consumption directly is still unclear, depending on how the efficiency of economic development takes place. The present research tried to complete the slit by evaluating the indirect effects of financial development through economic growth.  The GMM method was applied to solve the endogenic problem of the simultaneous equation, resulting in an unbiased and consistent estimator. There was significant positive leverage of both the economic development and urbanization on the utilization of energy, while the cost of energy adversely affected its utilization. Also, there was a significant positive effect of financial growth in banking and share market on the utilization of energy, where the effect of the banking sector was stronger than that of the share market.JEL Classification: O13, O57, Q43How to Cite:Pramahesti, K., & Hartono, D. (2020). Energy, Economic Growth, and Financial Development in ASEAN+3. Signifikan: Jurnal Ilmu Ekonomi, Vol. 9(1), 137-152. doi: http://dx.doi.org/10.15408/sjie.v9i1.13536
Do Wage Spillovers Lead to Labor Productivity Spillovers? Joko Susanto; Didit Welly Udjianto
Signifikan: Jurnal Ilmu Ekonomi Vol 9, No 1 (2020)
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.v9i1.12903

Abstract

This research wants to analyze wage spillovers in Yogyakarta and Central Java, and whether these spillovers induce labor productivity spillovers. This study uses data published by the Central Bureau of Statistics (BPS) and includes wage rate, regency/city minimum wage, capital intensity, education level, growth, and labor productivity. The spatial regression is using in this study. The results show that there is a wage spillover across regencies/municipalities in Yogyakarta and Central Java. The wage rate is not only influenced by the variables in the area but is also by the wage rates in the surrounding area. However, these wage spillovers do not encourage labor productivity spillovers. The labor productivity in a regency/city depends on the availability of physical capital in this area. An expansion in labor productivity in a zone does not affect the increment in labor productivity in the encompassing zone. The physical capital not easily moved between regencies/cities.JEL Classification: J24, J3, J61,  How to Cite:Susanto, J., & Udjianto, D. W. (2020). Do Wage Spillovers Lead to Labor Productivity Spillovers? Signifikan: Jurnal Ilmu Ekonomi, Vol. 9(1), 51-68. doi: http://dx.doi.org/10.15408/sjie.v9i1.12903.
China Shocks and Their Employment Effects in Emerging Economies Bambang Suprayogi; Tarek M Harchaoui
Signifikan: Jurnal Ilmu Ekonomi Vol 9, No 1 (2020)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (40.801 KB) | DOI: 10.15408/sjie.v9i1.13550

Abstract

The impact of “China shocks” on trading partners is a source of a massive supply shock that displaces foreign manufacturing producers, and an important source of demand shock that propelled forward a wide range of foreign sectors. The “common” existing literature mainly focused on the supply shock and its impact, leaving a large span of “China shocks” unexplained. Thus, this article undertake the important task to account for the dual track of “China shocks” and their impacts on a set of emerging economies, for which the evidence remains scanty. Using a global input-output methodology which highlights the job creation from exports and the job destruction aspect of imports, we provide evidence on the employment effect of bilateral trade with China. Our results suggest that considering the net effect of supply and demand related to China shocks mainly lead to negative job demand, and press the ringing bell for the government.JEL Classification: F1, F16, F66How to Cite:Suprayogi, B., & Harchaoui, T. M. (2020). China Shocks and Their Employment Effects in Emerging Economies. Signifikan: Jurnal Ilmu Ekonomi, Vol. 9(1), 31-50. doi: http://dx.doi.org/10.15408/sjie.v9i1.13550.
Foreign Presence and Industrial Concentration In Indonesian Food Industries Dahlia Nauly; Harianto Harianto; Sri Hartoyo; Tanti Novianti
Signifikan: Jurnal Ilmu Ekonomi Vol 9, No 1 (2020)
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.v9i1.12200

Abstract

Indonesia requires foreign investment to meet the capital needs of the food industries. On the other hand, foreign presence can cause high industrial concentration. This paper analyzes the effect of foreign presence on the concentration of the food industry in Indonesia using panel data from 28 subsectors in the period 2011-2015. The data used is the annual Large and Medium Industries Survey (IBS) data from Statistics Indonesia. The concentration indicators used are the concentration ratio (CR4) and the Herfindahl Hirschman Index (HHI). By using panel regression, the result shows that foreign presence has a positive influence on the concentration of the food industry in Indonesia. Besides, the economies of scale and market size also significantly influence the concentration of the food industry. The result indicates that the government investment policy must endorse more competition among firms.JEL Classification Code: L66, L16 How to Cite:Nauly, D., Harianto., Hartoyo, S., & Novianti, T. (2020). Foreign Presence and Industrial Concentration in Indonesian Food Industry. Signifikan: Jurnal Ilmu Ekonomi, Vol. 9(1), 69-80. doi: http://dx.doi.org/10.15408/sjie.v9i1.12200.
Absolute Poverty of Early Childhood Children: A Comparative Analysis of Java and Non-Java Lucie Suparintina; Bambang Eko Afiatno
Signifikan: Jurnal Ilmu Ekonomi Vol 9, No 1 (2020)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (16.055 KB) | DOI: 10.15408/sjie.v9i1.13752

Abstract

The development of quality human resources in the future depends on the development of children today. Deprived children's basic needs, such as preschool education, protection, health, and nutrition, make it difficult for children to be free from poverty. This study aims to analyze the determinants of early childhood children aged 3-6 years old who suffer from absolute poverty in Java, Bali-Nusa Tenggara, and Maluku-Papua using logistic regression. The results showed that the majority of early childhood children in Java deprive in 1 dimension. However, in the other regions, the majority of them are deprived in 2 dimensions. The education level of both the household head and the mother and the residential area had a significant effect on the possibility of an absolute poverty early childhood children in all regions. Government programs such as 12-year required education, agricultural business capital, and infrastructure development in rural areas need to be improved further.JEL Classification: I15, I25, I32How to Cite:Suparintina, L., & Afiatno, B. E. (2020). Absolute Poverty of Early Childhood Children: a Comparative Analysis of Java and Non-Java. Signifikan: Jurnal Ilmu Ekonomi, Vol. 9(1), 107-122. doi: http://dx.doi.org/10.15408/sjie.v9i1.14056.
Causality Relationship between Central Bank Reforms and Inflation: Evidence from Developing Countries Cep Jandi Anwar; Okot Nicholas
Signifikan: Jurnal Ilmu Ekonomi Vol 9, No 1 (2020)
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.v9i1.10955

Abstract

This study provides evidence on the relationship between central bank reforms and inflation dynamics in a sample of 37 developing countries. We use panel structural break test and Granger non‐causality tests on annual inflation and the legal index of central bank independence (CBI), as a proxy of central bank reform, over 40 years period. The empirical results indicate a positive effect of central bank independence on inflation stabilization. Besides, we find that there exists bi-directional causality between central bank reforms and inflation. These findings suggest that central bank independence is beneficial in terms of sustained macroeconomic stabilization and should harness among developing countries. In particular, reforms should design to give central banks more autonomy in the conduct of monetary policy and financial sector regulation. JEL Classifications: E31, E58How to Cite:Anwar, C. J., & Nicholas, O. (2020). Causality Relationship Between Central Bank Reforms and Inflation: Evidence from Developing Countries. Signifikan: Jurnal Ilmu Ekonomi, Vol. 9(1), 15-30. doi: http://dx.doi.org/10.15408/sjie.v9i1.10955.
Schooling Decisions in Indonesia: a Lesson From Indonesian Crisis Bayu Kharisma; Ferry Hadiyanto; Sutyastie Soemitro Remi
Signifikan: Jurnal Ilmu Ekonomi Vol 9, No 1 (2020)
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.v9i1.12479

Abstract

This research aims to analyze the role of income shocks, gender, and resource competition between siblings against the school's decision at the level of primary and senior secondary education during the economic crisis in Indonesia. Methods in this research were conducted in two phases, fixed effect and conditional logit. Results reveal that no evidence of households' transitory income affected children's education level, both for primary and senior secondary education. Meanwhile, compared to boys, girls have a higher probability of dropping out of school and have lower school enrollment rates in primary education. This paper indicated the existence of resource competition between the younger child and the older child for education, especially for senior secondary education.JEL Classification: I20, I24, I25, J16How to Cite:Kharisma, B., Hadiyanto, F., & Remi, S. S. (2020). Schooling Decision in Indonesia: a Lesson From Indonesian Crisis. Signifikan: Jurnal Ilmu Ekonomi, Vol. 9(1), 81-92. doi: http://dx.doi.org/10.15408/sjie.v9i1.12479.
Central Bank Independence and Inflation: The Matters of Financial Development and Institutional Quality Agung Kunaedi; Darwanto Darwanto
Signifikan: Jurnal Ilmu Ekonomi Vol 9, No 1 (2020)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (315.293 KB) | DOI: 10.15408/sjie.v9i1.12899

Abstract

The inverse relationship between the independence of the central bank (CBI) and inflation became a consensus that trusted throughout the world. However, there is no conclusive explanation of why and how central bank independence has succeeded in suppressing inflation. The purpose of this study is to examine the influence of financial development and institutional quality on the relationship between central bank independence and inflation. Using 20 Countries of Asia with institutional diversity, this study analyzed through a dynamic panel approach (GMM-Arellano and Bond Estimator). The result indicates that the inverse relationship between central bank independence and inflation depends on the development of the financial sector and also the institutional quality of each country. In other words, to make the central bank's independence work effectively in order to solve bias inflation, the improvement of the financial sector and also the institutional quality is needed.JEL Classification : E580, E310, E020 How to Cite:Kunaedi, A., & Darwanto. (2020). Central Bank Independence and Inflation: The Matters of Financial Development and Institutional Quality. Signifikan: Jurnal Ilmu Ekonomi, Vol. 9(1), 1-14. doi: http://dx.doi.org/10.15408/sjie.v9i1.12899.

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