cover
Contact Name
Rini Budiastuti
Contact Email
jepi.feui@gmail.com
Phone
-
Journal Mail Official
jepi_feui@ui.ac.id
Editorial Address
Gedung Departemen Ilmu Ekonomi lantai 1 Fakultas Ekonomi dan Bisnis Universitas Indonesia Jalan Prof. Dr. Sumitro Djojohadikusumo Kampus UI Depok 16424
Location
Kota depok,
Jawa barat
INDONESIA
Jurnal Ekonomi dan Pembangunan Indonesia
Published by Universitas Indonesia
ISSN : 14115212     EISSN : 24069280     DOI : https://doi.org/10.7454/jepi
Core Subject : Economy,
Jurnal Ekonomi dan Pembangunan Indonesia (JEPI) has been published since 2000 by the Department of Economics, Faculty of Economics and Business Universitas Indonesia. The journal has been accredited B as a national academic journal based on the Decree of the Director General for Higher Education Accreditation Number 43/DIKTI/Kep/2008. In 2015, it has got re-accreditation B based on Decree of the Director General for Higher Education Accreditation Number 1/E/KPT/2015 on 21 September 2015 for period 2015-2019. Then, JEPI has Reakreditasi Tetap di Peringkat 2 based on Decree of the Minister of Research and Technology/Head of National Research and Innovation Agency Number 148/M/KPT/2020 on 3 August 2020 for period 2020-2025. The journal published biannual in January and July. JEPI focuses on issues pertaining empirical investigation on Indonesian economy. The journal aims to publish and disseminate high quality publication at national level through blind review process. The articles published in JEPI are expected to cover wide range topics in economics and employed standard economics analysis tools focusing on Indonesian economy. The topic encompasses various fields of economics, including but not limited to monetary, fiscal, environment and natural resource, industrial organization, regional and urban economics, and international and trade. It is expected for JEPI to facilitate students, lecturers and researchers to contribute significantly in understanding Indonesian economy.
Articles 323 Documents
Hubungan Perilaku Simpanan Masyarakat di Perbankan dan Pertumbuhan Ekonomi Mochtar, Firman
Jurnal Ekonomi dan Pembangunan Indonesia
Publisher : UI Scholars Hub

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This study shows that an increase in economic funding that comes from saving fund in the banking sector doesn't have a full impact on the slower economic growth in the subsequent period as Keynesian believes. Tests result show that a decrease in public saving in banking sector reflects an increase in the confidence of the economic agents on the future economic prospects which then drives the economic growth. This result is supported by the negative and significant relationship of economic growth and public saving in the form of individual rupiah denominated deposit (time deposits?). Using Permanent Income Hypothesis argument,the result indicates that we can use individual deposit as one of the leading indicators of future economic growth based on significant finding until 2 trimester in the future. On the other hand, positive and significant relationship of economic growth and public saving which is proposed by the Keynesian only applied to rupiah denominated individual and firm demand deposit and individual saving account.
Ukuran Optimal Pemerintah Daerah di Indonesia: Studi Kasus Pemekaran Wilayah Kabupaten/Kota dalam Era Desentralisasi Nazara, Suahasil; Nurkholis, Nurkholis
Jurnal Ekonomi dan Pembangunan Indonesia
Publisher : UI Scholars Hub

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This study tries to measure the optimum size of regional government (municipality/city) which will support the accomplishment of decentralization policy's objectives. The result of this study will conclude how the reformation pattern toward regional government in Indonesia should be done. The result of regressing translog and quadratic functions using cost per capita minimization approach shows the existence ofeconomy of scale from the size ofmunicipality/city's population. Using maximization approach, it is also shown that Municipality/city government expenditure is not efficient yet and has not supported the efforts to accomplish the desired development performance. With various regulations, the significant variable used in the measurement ofoptimum size is the number ofpopulation. The result of using minimization and maximization approaches show that the optimum size for municipality/city is not single (differ), between municipality and city, among each kind of per capita expenditure, and across time. Generally, the optimum and minimum size of population for municipality/city such that per capita expenditure can be minimized and such that Regional GDP per capita increases are approximately two million people. The reality of municipality/city's size which in general is relatively small compared to the optimum and minimum measurement shows the inefficiency of municipality/city government expenditure, and its ineffectiveness to support the effort to enhance the welfare ofsociety. Hence, territory extension policy performed this far, is actually worsen the accomplishment of its main objective on conducting regional government and development.
Efektivitas Quantum Channel dalam Mekanisme Transmisi Kebijakan Moneter: Studi Kasus Indonesia Tahun 1993-2005 Hirawan, Fajar Bambang
Jurnal Ekonomi dan Pembangunan Indonesia
Publisher : UI Scholars Hub

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

In the year 2002, Y. V. Reddy introduced a new thought in monetary economics theory, especially about transmission mechanism of monetary policy. Reddy classified the channels of transmission mechanism into three types, there are quantum channel, interest rate channel, and asset price channel. Quantum channel consists of two channels, there are money channel and credit channel. This research will examine the differences between money channel and credit channel, the factors which affect volume of money supply (M2) and credit, the stability of quantum channel, and also effectiveness of quantum channel, especially related on its role to push the economic growth. This research uses a monthly data from the year 1993 until 2005. The analysis of this research divided into three parts of period, pre-crisis period (1993-1996), crisis period (1997-2001), and post-crisis period (2002-2005). In the pre-crisis period, credit channel more stable in transmission mechanism of monetary policy and more effective to push the economic growth. In the crisis, quantum channel did not effective to push economic growth. In the post-crisis period, quantum channel also did not effective to push the economic growth.
Prediksi IHSG dengan Model Garch dan Model Arima Nachrowi, Nachrowi D.; Usman, Hardius
Jurnal Ekonomi dan Pembangunan Indonesia
Publisher : UI Scholars Hub

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This study search for proper models to forecast Jakarta Composite Index (JCI) and then compare their forecasts. The stock index from strong markets, like Dow Jone Industrial Average (DJIA) and NIKKEi, as well as the index from regional markets, like SET, are expected to have strong influences on JCI. More specifically, it is expected that SET will be able to explain the realocation of short term Jund from Thailand to Indonesia through capital market due to unfavour political situation in Thailand. Other than that, exchange rate is also expected to have effect on JCI movements. By using the daily data from January 3, 2005 to January 2, 2006, the study found that the proper models to be used to forecast JCI are GARCH (2,2) Model and ARIMA (1,1,0) Model. The empirical results showed that the forecast from ARIMA Model is superior to that of GARCH Model.
Transmisi Kebijakan Moneter di Indonesia: Credit View atau Money View? Safuan, Sugiharso; Laksono, Beta Yulianita G.
Jurnal Ekonomi dan Pembangunan Indonesia
Publisher : UI Scholars Hub

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

One of some problematic issues of identification of the effectiveness of the monetary policy is the question on whether the monetary policy mechanism transmissions can perform fully in transmitting the changes of monetary policies into the national and regional level of economy. On earlier studies, Muelgini (2004) relatively compares the effectiveness of monetary policies of the five mechanism transmission channels at the national level of the economy employing impulse response function. The results show that prior to the economic crises in Indonesia credit channel is not effective, and for after crises periods interest rates, credit, and asset price channels are becoming relatively important. Utilizing similar methodology, Laksono (2005) finds that the effectiveness of monetary mechanism varies among regions. This research analyzes the findings of both Muelgini's and Laksono's employing different methodology to evaluate the channels through which monetary policies are transmitted.
Perbandingan Profitabilitas Industri Perbankan Syariah dan Industri Perbankan Konvensional Menggunakan Metode Struktur Kinerja dan Perilaku Amalia, Fitri; Nasution, Mustafa Edwin
Jurnal Ekonomi dan Pembangunan Indonesia
Publisher : UI Scholars Hub

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Positive correlation between concentration and profitability is not always a result of collusion. Market concentration can be a proxy for efficiency and product differentiation that have done by company. The company that can be mentioned efficient and have done product differentiation can improve market share, and industry that consist of the company has tendency to be concentrated. This research tries to prove whether market share and concentration in Islamic and conventional banking industry as proxy to efficient. If it is proven, so there is no relationship between market share and concentration with profitability. It is appropriate with efficient structure hypothesis. Using pool data for Islamic and conventional banking industry at period January 2002 until November 2005. Model that had been used in this research is adjusted Smirlock model with fixed effect method from this research, is hoped that Islamic banking industry can support efficient structure hypothesis, moreover conventional banking industry can support differentiation hypothesis.
Evaluasi Merger Perbankan di Indonesia Ditinjau Melalui Fungsi Biaya Parametrik Mardanugraha, Eugenia
Jurnal Ekonomi dan Pembangunan Indonesia
Publisher : UI Scholars Hub

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

-
Kebijakan Moneter, Pertumbuhan Ekonomi dan Inflasi: Pengujian Hipotesis Ekspektasi Rasional dengan Analisis VAR Irawan, Ferry; Safuan, Sugiharso
Jurnal Ekonomi dan Pembangunan Indonesia
Publisher : UI Scholars Hub

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

-
Peran Pendapatan Asli Daerah di Era Otonomi Mahi, Raksaka
Jurnal Ekonomi dan Pembangunan Indonesia
Publisher : UI Scholars Hub

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

-
Profit Sharing dan Moral Hazard dalam Penyaluran Dana Pihak Ketiga Bank Umum Syariah di Indonesia Nasution, Mustafa Edwin; Wiliasih, Ranti
Jurnal Ekonomi dan Pembangunan Indonesia
Publisher : UI Scholars Hub

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

There are two purposes that want to be assessed in this paper. The first purpose is to indicate whether the moral hazard problems are occurred in the Indonesian Sharia Bank (The moral hazard in this paper is the Indirect Moral Hazard which is the negligence of bank in the financing process influencing the moral hazard problems of the debtor in the other side. The second purpose is to assess whether the financing policies in the Sharia Banking are influenced by profit sharing system. The data for assessing this paper are acquired from the monthly financial reports published by Sharia Banks such as BSM and BMI from January 200I to December 2004. The research based on the Error Correction Model in the long term shows that the increasing of allocation ratio of Murabahah to Musyarakah and Mudharabah results the increasing of non performing.financing ratio. It indicates that the moral hazard problems are occurred in BMI. The moral hazard indication demonstrates that bank is both less careful in financing and less incentive in monitoring process. It also demonstrates the weakness of the Sharia bank's operational system in countering the debtor's moral hazard. The Granger Causality Test proves that profit sharing ratio (nisbah) between bank and debtor influences return ratio, however it does not influence financing allocation). On the other hand, financing a/location ratio influences nisbah ratio, furthermore in BSM case, return ratio influences nisbah ratio. This description shows that nisbah ratio is not only an instrument for calculating revenue/return distribution but also an instrument for Sharia bank in synchronizing profit sharing level with the interest rate in conventional bank.