Jurnal Ekonomi Pembangunan
Jurnal Ekonomi Pembangunan is a peer-reviewed journal that provides a forum for scientific works pertaining to Development Economics. Published twice in a year (June and December). This Journal has p-ISSN 1829-5843, and e-ISSN 2685-0788. This journal was first published since June 2003 by the Department of Development Economics, Faculty of Economics, Universitas Sriwijaya. Editors receive manuscripts of unpublished paper contributions in other journals. JEP is expected to be used as a reference for academicians in writing a scientific, relevant, and dynamic article to enhance the new generation that is found in writing an academic paper. Jurnal Ekonomi Pembangunan accepts only English Article within the focus and scope of this journal are development economics, energy economics, environmental economics, international trade, public finance, rural development, regional economics, financial development, monetary economics, industrial economics, Islamic economics, agricultural economics, and labor economics.
Articles
267 Documents
<![CDATA[The determinant factors of Indonesian competitiveness of cocoa exports to Germany ]]>
<![CDATA[Tyas Titi Hapsari]]>;
<![CDATA[Aisyah Fitri Yuniasih]]>
<![CDATA[ Jurnal Ekonomi Pembangunan Vol. 18 No. 1 (2020): Jurnal Ekonomi Pembangunan ]]>
Publisher : <![CDATA[Department of Development Economics, Universitas Sriwijaya ]]>
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DOI: 10.29259/jep.v18i1.9978
<![CDATA[Cocoa is one of the leading commodities from the plantation sub-sector in Indonesia. At the world level, Indonesia is the third-largest producer of cocoa beans after Côte d’Ivoire and Ghana (FAO, 2017). However, Indonesia still exports cocoa in the form of (raw) beans which results in the loss of added value and not developing the domestic cocoa industry. For this reason, the government issued No. 67/PMK.011/ 2010 concerning the imposition of Export Levy and Export Levy Tariffs to suppress the export of cocoa beans and then increase the competitiveness of processed cocoa exports. The purpose of this study was to determine the competitiveness performance of Indonesian processed cocoa to Germany and what factors influenced the export competitiveness in 1992-2017. This study uses secondary data from various sources that were analyzed using Revealed Comparative Advantage (RCA) and Error Correction Mechanism (ECM). The analysis shows that in the long run the variable exchange rate, world cocoa prices, and dummy export duty significantly affect competitiveness while in the short term, population variables and world cocoa prices significantly influence competitiveness.]]>
<![CDATA[Investigating the effect of total assets, financing, and third-party funds on Islamic Banking Revenue in Indonesia ]]>
<![CDATA[Rani Salamah Marinda]]>;
<![CDATA[Imam Asngari]]>;
<![CDATA[Mukhlis Mukhlis]]>
<![CDATA[ Jurnal Ekonomi Pembangunan Vol. 18 No. 2 (2020): Jurnal Ekonomi Pembangunan ]]>
Publisher : <![CDATA[Department of Development Economics, Universitas Sriwijaya ]]>
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DOI: 10.29259/jep.v18i2.10355
<![CDATA[This study investigates the influence of total assets, total financing, and third-party funds on the revenue of Islamic banking in Indonesia. Data used are secondary data during the period 2005-2018 sourced from the Financial Services Authority (OJK). The study analysis used a quantitative approach by applying the multiple regression model estimated by OLS. The findings of the study indicated that total assets and third-party funds has a positive and significant effect, while the financing has a negative and significant effect on Islamic banking revenue in Indonesia during the analysis period]]>
<![CDATA[External debt of Indonesia: From debt-led growth to growth-led debt? ]]>
<![CDATA[Dita Kusumasari]]>
<![CDATA[ Jurnal Ekonomi Pembangunan Vol. 18 No. 1 (2020): Jurnal Ekonomi Pembangunan ]]>
Publisher : <![CDATA[Department of Development Economics, Universitas Sriwijaya ]]>
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DOI: 10.29259/jep.v18i1.10801
<![CDATA[Indonesia has received external debt as an external source of finance to fill in the investment-saving gap in achieving economic growth to improve social welfare. Despite Indonesian economy is able to recover to some extent, based on Bank Indonesia (2018), Indonesia’s external debt at the end of Q2/2018 still amounted to USD 355,7 billion; consisting of government and central bank external debt of USD 179.7 billion, as well as private sector (including state-owned enterprises) external debt of USD 176.0 billion. Therefore, this study aims to examine the trend and impact of external debt on economic growth in the context of Indonesia’s economy. If external debt is found to lead to debt trap, or already in the condition of growth-led debt, its benefits for economic development should be reviewed properly and government policies regarding external debt need to be redesigned. This study is a qualitative research in the form of case study of External Debt and its critical impact in Indonesia. Through observation, data comparison and literature study, it is found that external debt of Indonesia has been dominated by US Dollar and Japanese Yen, which assumed to cause surge in debt repayment.]]>
<![CDATA[Examining the technical efficiency of small industries: A case study of the crackers industry in South Sumatera, Indonesia ]]>
<![CDATA[Mukhlis Mukhlis]]>
<![CDATA[ Jurnal Ekonomi Pembangunan Vol. 18 No. 1 (2020): Jurnal Ekonomi Pembangunan ]]>
Publisher : <![CDATA[Department of Development Economics, Universitas Sriwijaya ]]>
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DOI: 10.29259/jep.v18i1.10847
<![CDATA[Small industries are life-sustaining for communities because of their political and strategic position in terms of creating job opportunities and increasing revenue. One small industrial sector that has the potential to be developed is the food industry. Small food industries are widely scattered in every area, including in the city of Palembang. A small industrial group of food that became one of the culinary icons in Palembang is the cracker industry. This type of industry is a culinary icon that has been famous for foreign countries. Nevertheless, the cracker industry is still experiencing obstacles in terms of capital and marketing. The cost of raw materials is relatively expensive to technically trigger the industry inefficiencies. Therefore, it is necessary to review the technical efficiency of this small industry. The variables used in this study were capital, labor, and output. The data used is secondary data that is analyzed by using the Stochastic Frontier Analysis (SFA) approach. The results showed that the technical efficiency achievement of small industrial crackers in South Sumatera is still categorized as low. The use of labor input is more effective than capital use as a result of the utilization of technology and local resources. Therefore, the development of small industrial crackers through an efficiency approach cannot be separated from the application of technology, human resource management, marketing, and business climate.]]>
<![CDATA[Does monopsony exist in academic labor market? ]]>
<![CDATA[Yunisvita Yunisvita]]>
<![CDATA[ Jurnal Ekonomi Pembangunan Vol. 18 No. 1 (2020): Jurnal Ekonomi Pembangunan ]]>
Publisher : <![CDATA[Department of Development Economics, Universitas Sriwijaya ]]>
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DOI: 10.29259/jep.v18i1.11057
<![CDATA[This study aims to examine empirically the power of monopsony in the academic labor market, particularly in public universities. Upward sloping supply curve is indicative of monopsony and its power supply elasticity is suspected of demand for lecturers. The method used to estimate the supply equation for lecturer at four public universities in Indonesia is OLS model. A stratified sample is determined proportionally as much as 348 lecturers, by academic rank, gender and discipline. It is found that the supply elasticity is inelastic indicating that earnings lecturers are in non-competitive conditions. When employers face an inelastic supply curve, the marginal expenditure and average expenditure is very much different, which gave it the power to set wages, so it implies that the power of monopsony is big.]]>
<![CDATA[Water quality in Indonesia: The role of socioeconomic indicators ]]>
<![CDATA[Andi Kustanto]]>
<![CDATA[ Jurnal Ekonomi Pembangunan Vol. 18 No. 1 (2020): Jurnal Ekonomi Pembangunan ]]>
Publisher : <![CDATA[Department of Development Economics, Universitas Sriwijaya ]]>
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DOI: 10.29259/jep.v18i1.11509
<![CDATA[Population growth and the construction of settlements and industrial estates continue to increase at an unprecedented rate that has created gains and losses on environmental quality. The trend of population growth shows a declining trend but is not directly proportional to the fluctuating water quality index over the past ten years. The study uses secondary data with the quantitative approach using the panel data Fixed Effect Model (FEM) with Generalized Least Squares (GLS) to examine socioeconomic indicators in 34 provinces on water quality in Indonesia. Through analysis in this study shows that explanatory variables of the number of population and population density have a negative and significant effect on water quality in Indonesia of 4.69 and 1.95—ceteris paribus. The control variables of the number of establishments of micro and small scale manufacturing industry, and a group of workers, GRDP per capita, and realization of foreign direct investment show negative and significant results on water quality in Indonesia. It indicates that environmental management in Indonesia experiences a higher pressure from the utilization of ecological resources compared to efforts to improve the environment itself. Whereas household control variables of households and improve sanitation, the volume of water distributed by water supply establishment and the squared of GRDP per capita show positive and significant results on water quality in Indonesia, which shows that this is evidence of the government's success in managing the environment better.]]>
<![CDATA[Testing the spatial auto-regression (SAR) model on Indonesia's regional economy ]]>
<![CDATA[Firman Herdiansah]]>;
<![CDATA[Setyo Tri Wahyudi]]>
<![CDATA[ Jurnal Ekonomi Pembangunan Vol. 18 No. 1 (2020): Jurnal Ekonomi Pembangunan ]]>
Publisher : <![CDATA[Department of Development Economics, Universitas Sriwijaya ]]>
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DOI: 10.29259/jep.v18i1.11604
<![CDATA[Indonesia's regional economy that is proxy by using Gross Regional Domestic Product (GRDP) per capita to form clusters is investigated. Besides, by using the Spatial Auto-regression (SAR) model, the effect of household consumption in a region to the surrounding area's economy is examined. The study on this topic is rather limited, especially in the regional economic development of the country. Furthermore, Indonesia is a heterogeneous country, and its consequence is that development policy should consider the geographic characteristics of the country. The results show that there are regional economy clusters in Java, Kalimantan, Sulawesi, and Sumatra. In contrast, household consumption in a region has a weak influence on the economy in the surrounding area.]]>
<![CDATA[Determinants of poverty rate in Java Island: Poverty alleviation policy ]]>
<![CDATA[Imade Yoga Prasada]]>;
<![CDATA[Tri Fatma Mala Yulhar]]>;
<![CDATA[Tia Alfina Rosa]]>
<![CDATA[ Jurnal Ekonomi Pembangunan Vol. 18 No. 2 (2020): Jurnal Ekonomi Pembangunan ]]>
Publisher : <![CDATA[Department of Development Economics, Universitas Sriwijaya ]]>
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DOI: 10.29259/jep.v18i2.11664
<![CDATA[Poverty is currently a major problem that must be resolved in various regions in Indonesia, including areas in Java. Java Island is the island with the highest number of poor people compared to other islands in Indonesia. The aim of this study was to determine the determinants of poverty levels in Java and formulate policy recommendations that can be implied to overcome poverty. Research variables have used secondary data from six provinces in Java sourced from the Central Statistics Agency, namely poverty level data, Human Development Index (HDI), inflation rate data, open unemployment rate data, and Regional Minimum Wage data (UMR). The data was compiled into panel data and analyzed using OLS Model. The analysis showed that the determinants of poverty levels in Java were inflation rates, Human Development Index, Regional Minimum Wages, and open unemployment rates, so that all determinants need to be considered properly to formulate policy recommendations that able to overcome poverty in Java. ]]>
<![CDATA[Minimum wages and the fate of Indonesian young workers ]]>
<![CDATA[Izzun Nafiah]]>
<![CDATA[ Jurnal Ekonomi Pembangunan Vol. 18 No. 2 (2020): Jurnal Ekonomi Pembangunan ]]>
Publisher : <![CDATA[Department of Development Economics, Universitas Sriwijaya ]]>
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DOI: 10.29259/jep.v18i2.11929
<![CDATA[Government policies that are directly related to the relationship between workers and companies are determining minimum wages. The effect of this minimum wage becomes more varied for developing countries with large populations such as Indonesia. Young workers have sensitive effect to fluctuation of the minimum wage policy, whereas the percentage of Indonesia young workers is more than 20 percent of the total workforce in 2015-2019. Therefore, the aim of this research is to analyze the effect of minimum wage policies on the status of young workers in Indonesia using quantitative data from the National Labour Force Survey (Sakernas) 2015-2019 with the multinomial logit analysis method. The results of this study are an increase in the minimum wage decreases the probability of young workers to have status as paid workers in the covered sector. In urban areas, an increase in the minimum wage increases the probability of young male workers being unemployed and decreases the probability being self-employed. On the other hand, an increase in the minimum wage causes female urban workers reducing the probability of being unemployed and increasing the probability of them being self-employed. Therefore, the minimum wage policy must be balanced with strengthen the education and training and also consider policies that increase youth labor market opportunities but do not increase employer costs for young workers. On the other hand, the government must be continuous to improve policies that support the progress of informal sector, for example in terms of providing capital, reducing loan interest rates, etc.]]>
<![CDATA[Trilemma to Quadrilemma: An empirical study from Indonesia ]]>
<![CDATA[Sri Andaiyani]]>;
<![CDATA[Ariodillah Hidayat]]>;
<![CDATA[Fida Muthia]]>;
<![CDATA[Nona Widharosa]]>;
<![CDATA[Mardalena Mardalena]]>
<![CDATA[ Jurnal Ekonomi Pembangunan Vol. 18 No. 2 (2020): Jurnal Ekonomi Pembangunan ]]>
Publisher : <![CDATA[Department of Development Economics, Universitas Sriwijaya ]]>
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DOI: 10.29259/jep.v18i2.12346
<![CDATA[The objective of this study is to test the trilemma and the quadrilemma monetary policy using Indonesia data with covering years 1983 – 2017. The research suggest that the monetary independence and capital account openness might have been more passionately pursued by Bank Indonesia for testing the trilemma; while testing of the quadrilemma, the concentration seems to have shifted to take a middle position within each policy objectives. In this study, the full sample period is split in three subsamples: 1983-2017, 1983 – 1999 and 2000 – 2017. The methodology used in this research is ordinary least square. Our findings show that the policy might have shifted from exchange rate stability, capital account openness and foreign reserves in the first subsample to other four policy objectives in the second subsample. It indicates that foreign reserve plays as fourth objective leading the central bank to achieve at the same time the three “impossible” goals. Therefore, taking into account foreign reserve as a monetary policy objective is deserved. Adequacy of reserves could higher our capacity to prevent or mitigate external shocks.]]>
