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Contact Name
Abdul Bashir
Contact Email
abd.bashir@unsri.ac.id
Phone
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Journal Mail Official
jep@fe.unsri.ac.id
Editorial Address
Jalan Raya Prabumulih-Inderalaya KM. 32, Ogan Ilir, Sumatera Selatan, Indonesia.
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Kab. ogan ilir,
Sumatera selatan
INDONESIA
Jurnal Ekonomi Pembangunan
Published by Universitas Sriwijaya
ISSN : 18295843     EISSN : 26850788     DOI : https://doi.org/10.29259/jep
Core Subject : Economy,
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 Editors receive manuscripts of unpublished paper contributions in other journals.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
Investigating the Impact of Indonesia-Turkey CEPA and Factors influencing Indonesian Export Performance Arif Darmawan; Muhammad Husaini; Roby Rakhmadi; Ghania Atiqasani
Jurnal Ekonomi Pembangunan Vol. 20 No. 1 (2022): Jurnal Ekonomi Pembangunan
Publisher : Department of Development Economics, Universitas Sriwijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29259/jep.v20i1.17790

Abstract

The Indonesia-Turkey Comprehensive Economic Partnership Agreement (IT-CEPA) is not solely about a trade agreement between the two countries but is a partnership and collaboration so that the people of the two countries can benefit from bilateral cooperation. This study aims to investigate the impact of IT-CEPA, foreign direct investment (FDI), inflation, natural resource rents, and government effectiveness on Indonesian exports to Turkey. The approach in this study applies a linear regression model from 2000-2020 sourced from the World Bank and The Observatory of Economic Complexity (OEC). The findings of this study indicate that foreign direct investment and government effectiveness have a positive sign and have a significant effect on Indonesian exports to Turkey. Meanwhile, IT-CEPA has a negative and significant sign on Indonesian exports to Turkey. However, inflation and natural resource rents do not have a significant effect on Indonesia's exports to Turkey. The implication of this study is that policy makers must pay attention to governance related to the implementation of economic partnership agreements between Indonesia and trading partner countries, especially in increasing Indonesia's exports to trading partner countries.
Gender Inequality in Education and Regional Economic Growth in Indonesia Arifatul Karimah; Hera Susanti
Jurnal Ekonomi Pembangunan Vol. 20 No. 1 (2022): Jurnal Ekonomi Pembangunan
Publisher : Department of Development Economics, Universitas Sriwijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29259/jep.v20i1.17841

Abstract

Gender equality, particularly in the areas of education, health, and employment, also serves as a stimulant for faster growth. In Indonesia, attempts to integrate gender equality into development are yielding positive outcomes, with national gender equality indicators improving. However, Indonesia's global standing remains poor, as judged by the Woman, Business, and Law (WBL) Index for 2021, which ranks it 149th out of 190 countries. To promote growth, initiatives to increase the number and quality of human resources, including providing persons with the chance to obtain the broadest possible education, are continuing. This study explores the attainment of gender equality in education, as well as how it relates to economic growth as a metric of progress, using district/city fixed effect panel data for the period 2011-2020.The study's findings show that during the observation period, there was still a gender gap in educational achievement, particularly outside of the Java-Bali region. Increasing gender equality through the ratio of women's years of schooling, as well as the ratio of women to the workforce with a junior high school education that is in line with the needs of the workforce, especially in the industrial sector, contributes positively and significantly to regional economic growth.
The Impact of Cashless Payment on Indonesian Economy: Before and During Covid-19 Pandemic Irvi Givelyn; Siti Rohima; Mardalena Mardalena; Fera Widyanata
Jurnal Ekonomi Pembangunan Vol. 20 No. 1 (2022): Jurnal Ekonomi Pembangunan
Publisher : Department of Development Economics, Universitas Sriwijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29259/jep.v20i1.17898

Abstract

This study aims to analyze the impact of cashless payments on Indonesia’s economy, before and during the COVID-19 pandemic. The economic growth in this study is calculated through GDP at constant price and the cashless payment in this study are represented by transactions through debit card, credit card, and e-money. The data used in this study uses secondary data in the form of time series data from January 2018 to December 2022. The data was obtained from the Central Bank of Indonesia (BI) statistic data and Statistics Indonesia (BPS). The analytical method used in this study is the Autoregressive Distributed Lag (ARDL). Based on the results of estimations indicate that in the short run as well as in the long run, debit card and credit card have an insignificant impact on economic growth, while e-money has a positive and significant impact. Cashless payment has a significant positive impact on economic growth, before and during COVID-19 pandemic, however during the pandemic, the impact of cashless payment on economic growth was bigger. As a result, the current cashless policy should be modified to create an efficient payment system while also considering the impact of using cashless payment instruments during the COVID-19 pandemic.
The COVID-19 Pandemic: What Factors can Affect BUMN-20 Stock Return in Indonesia? Nur Afnila Audy; Harunnurrasyid Harunnurrasyid; Sri Andaiyani
Jurnal Ekonomi Pembangunan Vol. 20 No. 1 (2022): Jurnal Ekonomi Pembangunan
Publisher : Department of Development Economics, Universitas Sriwijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29259/jep.v20i1.17926

Abstract

The purpose of this study is to analyze the effect of the policy rate, inflation, exchange rate, and world oil prices on the stock return of 20 companies listed on the State-Owned Enterprises of Indonesia (BUMN-20) Index from July 2016 to June 2021. We divided into three periods that are all periods, before and during pandemic COVID-19. The population in this study is companies listed on Indonesia Stock Exchange (IDX). The sample is determined by using purposive sampling with a total amount of 20 companies and total data is 846. This study used quantitative data analysis in the form of time-series data and documenting methods in obtaining the data. The analytical tools in this study are using multiple regression analysis. The result shows that the policy rate has a significant positive effect on stock returns, inflation and exchange rate have a significant negative effect on stock returns, and world oil prices do not appear any significant effect on the stock return of the BUMN-20 Index. While before and during the COVID-19 pandemic imply only an exchange rate that has a significant and negative effect on stock return. This implies that the COVID-19 pandemic does not appear a significant effect on the performance of BUMN-20 return.
The Link between Crude Palm Oil and Crude Oil Price in Various Periods of the Biodiesel Mandatory Policy in Indonesia Nency Febrina Limbong; Alin Halimatussadiah
Jurnal Ekonomi Pembangunan Vol. 20 No. 2 (2022): Jurnal Ekonomi Pembangunan
Publisher : Department of Development Economics, Universitas Sriwijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29259/jep.v20i2.18475

Abstract

The biodiesel policy brought changes in the analysis of crude palm oil (CPO) prices. Supply and demand are no longer the main factors, but the correlation between CPO and crude oil prices. The main objective of this study is to provide an empirical study of the relationship between CPO and Indonesian Crude oil Price (ICP) in various periods of mandatory biodiesel policy in Indonesia. Using the Ordinary Least Square (OLS) method of time series data from 2001-2021, this study shows that in general CPO and ICP are positively and significantly correlated, but the price link is very dependent on the biodiesel policy that is implemented. ICP and CPO are positively and significantly correlated in the biodiesel mandatory period with limited subsidies (2006-2015) and in the biodiesel mandatory period with incentives which combined with progressive CPO export levies tariff (2020-2021). ICP and CPO are not correlated during the mandatory biodiesel period, combined with incentives and a fixed CPO export levy tariff (2016-2019). When CPO and ICP prices are strongly and significantly correlated, stock increases are not associated with a decrease in CPO prices. However, when the CPO and ICP prices are not significantly correlated, the stock increase is followed by a decrease in the CPO price. CPO price stabilization only occurs during the biodiesel mandatory period, combined with incentives and a fixed CPO export levy tariff.
Linkages between Sectors and Regions in the Aceh Economy Miftakhul Jannah; Eddy Junaidi
Jurnal Ekonomi Pembangunan Vol. 20 No. 2 (2022): Jurnal Ekonomi Pembangunan
Publisher : Department of Development Economics, Universitas Sriwijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29259/jep.v20i2.18492

Abstract

This study analyzes the economy of Aceh not only based on the linkage between industries but also based on the linkage between regions. The analysis used forward linkages and backward links to determine the leading sectors in Aceh. The data used is secondary data from Indonesia's 2016 Inter-Regional Input Output (IRIO) based on domestic transactions at producer prices. The data is sourced from Statistics Indonesia. The study results show that the key sectors in Aceh are Electricity and Gas and Manufacturing. These sectors have the highest spreading power (backward linkage) and sensitivity (forward linkage) because they are in the first quadrant. In addition, inter-regional linkage analysis shows that the final demand shock in Aceh has a large output impact on DKI Jakarta, North Sumatera, and Riau. On the other hand, the economy of Aceh was affected by the final demand shock from several provinces on the island of Sumatra, namely North Sumatera, Bengkulu, West Sumatera, Jambi, and Sumatra Selatan. The policy implications that can be applied to increase labor skills and management in leading sectors will have a multiplier effect on other sectors and the cooperation between provinces in a special economic zone.
The Impact of Fiscal-Monetary Policy Interaction on the Indonesian Economy Chairani Fadhila Pravitasari; Insukindro Insukindro
Jurnal Ekonomi Pembangunan Vol. 20 No. 2 (2022): Jurnal Ekonomi Pembangunan
Publisher : Department of Development Economics, Universitas Sriwijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29259/jep.v20i2.18586

Abstract

This study seeks to examine the interactions between fiscal and monetary policies and their impact on output and inflation in Indonesia from 2003:4 to 2018:4 using Structural Vector Autoregression (SVAR). It is important to investigate the coordination between both because overall macroeconomic policy framework requires a close coordination between monetary and financial policies. The variables utilized are government spending, debt, output gap, tax, inflation, interest rate, and exchange rate obtained from the Indonesian Ministry of Finance, the Indonesian Statistics, and Bank of Indonesia. Government spending as a proxy for fiscal policy and interest rate as a proxy for monetary policy have a strategic complement relationship, whereas tax revenue as a proxy for fiscal policy and interest rate as a proxy for monetary policy have a strategic substitutes relationship.
Do Financial Deepening, Government Spending, and Unemployment Benefit Poverty Reduction in Indonesia? Elya Florennica; Ratu Eva Febriani
Jurnal Ekonomi Pembangunan Vol. 20 No. 2 (2022): Jurnal Ekonomi Pembangunan
Publisher : Department of Development Economics, Universitas Sriwijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29259/jep.v20i2.18610

Abstract

Poverty is classic problem faced in anycountry, various policies are carried out to reduce poverty to prosper the community. This study aims to analyze the effect of financial deepening, government spending, and unemployment on poverty in Indonesia. Observations were made in 33 provinces in Indonesia during the period 2012-2020. The model used is a panel data regression with fixed effect model. The results of this study indicate the financial deepening has a negative and significant effect on poverty, government spending has a negative and significant effect on poverty, and unemployment has a positive and significant effect on poverty. The implication is necessary to increase the role of the financial sector in every province in Indonesia, especially areas that are still low in financial deepening, optimize and increase government spending so that it can create new jobs and reduce the unemployment rate and poverty.
Impact of ASEAN Plus Five Free Trade Area: Trade Creation and Trade Diversion Sony Vebiyanto; Hastarini Dwi Atmanti
Jurnal Ekonomi Pembangunan Vol. 20 No. 2 (2022): Jurnal Ekonomi Pembangunan
Publisher : Department of Development Economics, Universitas Sriwijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29259/jep.v20i2.18718

Abstract

One of the ways to reduce international trade barriers is through the Free Trade Area (FTA). Collectively, ASEAN already has five FTAs with trading partners outside Southeast Asia. This study intends to analyze the effect of free trade agreements between ASEAN and China, South Korea, Japan, India, and Australia – New Zealand (ASEAN+5 FTA). The implications of an FTA are explained using the concepts of trade creation and trade diversion through economic integration. The trade gravity model is expanded with three dummy variables to determine whether trade creation and trade diversion occur in the formation of each of these FTAs. Static panel data regression is used to analyze the effect of Free Trade Agreements on intra-regional trade flows, export flows to non-members, and import flows from non-FTA members. The fixed effect model is applied to overcome endogeneity problems, while the PPML estimator is chosen to get the best estimation results amid heteroscedasticity and zero trade flow problems that usually occur in trade flows. Estimation results show that the trade creation effect occurs only in ACFTA and AIFTA, while other FTAs harm member countries through trade diversion. Therefore, further evaluation and efforts regarding the use of FTAs are needed to achieve the goals of FTAs.
The Impact of FDI and Economic Growth on Environmental Damage in Member Countries of the Organization of Islamic Cooperation Muhammad Fadhlan Shiddiq; Taosige Wau
Jurnal Ekonomi Pembangunan Vol. 20 No. 2 (2022): Jurnal Ekonomi Pembangunan
Publisher : Department of Development Economics, Universitas Sriwijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29259/jep.v20i2.18807

Abstract

Global warming due to environmental damage is a serious problem for all countries in the world. The aim of this research is to analyze the impact of FDI and economic growth on environmental damage and to test the existence of the environmental Kuznets curve in Organization of Islamic Cooperation (OIC)  member countries. This research uses secondary data that is a panel, consisting of 57 OIC member countries as a cross-sectional unit from 1998-2020. The data analysis method used in this research is a panel regression model with a fixed effect model (FEM) estimation method approach. This research found that foreign direct investment and economic growth have positive impacts and significant on environmental damage. This research also found that the environmental Kuznets curve hypothesis is also proven to exist in 57 OIC member countries. The policy implication that must be carried out is that the governments of OIC member countries must ensure that FDI which enters the country is FDI that uses environmentally friendly technology so that this FDI is not only good for the economy, but also good for the environment. Economic growth in society must also be accompanied by the increase of public awareness on the environment. This can be achieved through improvements in education. In this way, economic growth will have a good impact on the environment.

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