cover
Contact Name
Safrilia Ayu Nani
Contact Email
bpjfeb@ub.ac.id
Phone
+6285708508515
Journal Mail Official
jdess@ub.ac.id
Editorial Address
Jl. MT Haryono No 165 Fakultas Ekonomi dan Bisnis Universitas Brawijaya
Location
Kota malang,
Jawa timur
INDONESIA
Journal of Development Economic and Social Studies (JDESS)
Published by Universitas Brawijaya
ISSN : -     EISSN : 29640083     DOI : 10.21776/ub.jdess
Core Subject : Economy,
Publish all forms of quantitative and qualitative research articles and other scientific studies related to the field of Economic and Social Studies.
Articles 340 Documents
Effect of Macroeconomic Indicators on the Composite Stock Price Index With the VECM Approach Dalimu, Aan Rivaldy; Satria, Dias
Journal of Development Economic and Social Studies Vol. 4 No. 3 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

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Abstract

The Indonesian capital market, represented by the Composite Stock Price Index (IHSG), serves as a crucial barometer reflecting the national economic condition and market participants' perceptions of macroeconomic variables such as inflation, the USD/IDR exchange rate, interest rates, and money supply (M2). This study aims to analyze the influence of these macroeconomic variables on changes in the IHSG during the 2019–2025 period using the Vector Error Correction Model (VECM) approach. The results indicate that only the money supply (M2) variable significantly affects IHSG changes both in the long and short term. Inflation, exchange rate, and interest rate variables do not show significant effects on IHSG. These findings suggest that monetary liquidity plays a central role in the dynamics of the Indonesian stock market during the study period, hence monetary policy management should focus on supporting capital market stability. This study recommends that investors and policymakers pay close attention to developments in the money supply as a key indicator in investment decision-making and economic policy formulation.
An Analysis of The Effects of Special Allocation Funds, Labor Force Participation Rate, Average Years of Schooling, and Life Expectancy on Poverty Alleviation in Ngawi Regency for the 2003-2024 Period Kikisani, Tika Feby; Suryo Bintoro , Nugroho
Journal of Development Economic and Social Studies Vol. 4 No. 3 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

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Abstract

This study aims to analyze the effect of the Special Allocation Fund (DAK), Labor Force Participation Rate (LFPR), Average Years of Schooling (AYS), and Life Expectancy (LE) on the poverty rate in Ngawi Regency during the period 2003–2024. Poverty in Ngawi Regency is a complex issue that requires serious attention from both local and central governments, especially in the context of fiscal allocation. This research uses a quantitative approach with the Vector Error Correction Model (VECM) method to analyze the long-term and short-term relationships between the independent variables and the poverty rate. In general, an increase in DAK allocation, labor force participation, education level, and public health status contributes to reducing poverty. This study is expected to serve as input for formulating more strategic regional fiscal policies focused on sustainable poverty alleviation efforts.
Synergizing Entrepreneurial Ecosystem, Entrepreneurial Leadership, and Dynamic Capability for Creative SME Performance in East Java Arif, Moh. Erfan
Journal of Development Economic and Social Studies Vol. 4 No. 2 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/jdess.2025.04.2.14

Abstract

An enabling entrepreneurial ecosystem constitutes a critical foundation for enhancing business performance, stimulating innovation, generating employment, and advancing economic development. Nevertheless, the realization of such optimal conditions remains uneven across regions and nations, especially within the context of developing economies. This study examines the nexus between the performance of creative Small and Medium-sized Enterprises (SMEs) and several pivotal determinants, namely the entrepreneurial ecosystem (EE), entrepreneurial leadership (EL), and dynamic capabilities (DC). Employing a quantitative research approach, the study surveyed 193 creative industry SME actors in East Java Province, Indonesia. A non-probability purposive sampling technique was utilized, and data were analyzed using structural equation modeling (SEM) with SmartPLS 4. The findings reveal that EE, EL, and DC significantly contribute to enhancing SME performance in the creative industry. Notably, the results exhibit a unique pattern, aligning more closely with findings from developed countries, despite the research being conducted in a developing economy. This suggests that EE can be effectively developed through the active engagement of relevant stakeholders and the prevailing cultural context of a region or nation, even within the constraints of a developing country setting.    
Analysis of the Impacts of Gender Development on Income Disparity in Indonesia Felix Reyhan Tambunan; Santoso, Dwi Budi
Journal of Development Economic and Social Studies Vol. 4 No. 2 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/jdess.2025.04.2.22

Abstract

Gender Development emerges as a critical driver in alleviating such disparities. This study investigates the role of gender development in shaping income distribution in Indonesia between 2016 and 2023. A quantitative framework is employed, utilizing panel data regression analysis with the Fixed Effect Model (FEM). The Gini Index is the dependent variable, while the Gender Development Index (GDI) serves as the primary independent variable, alongside control variables such as GDP per capita and share of labor in the industrial sector. Key findings demonstrate that GDI significantly reduces income inequality through GRDP per capita, underscoring the role of gender equality in fostering equitable income distribution. The study concludes that policies emphasizing gender equity is more effective in reducing inequality.
The Effect of Digitalization on Unemployment in Indonesia: Analysis of 33 Provinces for the Period 2013-2020 Adryan, Naufal Fairuz; Al Muizzuddin Fazaalloh
Journal of Development Economic and Social Studies Vol. 4 No. 4 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

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Abstract

The high unemployment rate in Indonesia, averaging 5.79% during 2013-2020, remains a critical issue. This study examines the impact of digitalization on unemployment across 33 provinces, incorporating Regional Minimum Wage and Gross Regional Domestic Product (GRDP) as control variables. Using panel data analysis from the Central Bureau of Statistics, the findings reveal that digitalization and regional economic growth significantly reduce unemployment. A 1% increase in digitalization decreases unemployment by 0.55%, while a 1% rise in GRDP reduces it by 0.78%. However, minimum wage policies show no significant effect. The model explains 83.91% of the variation in unemployment rates. This research contributes to the literature by providing empirical evidence on the role of digitali zation in reducing unemployment at the regional level. The results highlight the importance of policies promoting digital transformation and strengthening regional economies to address unemployment effectively.
An Analysis of the Influence of Oil and Gas Revenue Sharing Funds, World Oil Price, Local Tax, Local Expenditures, and Capital Expenditures on the Fiscal Capacity of Bojonegoro Regency During the 2001-2024 Period Ine Hanindya, Lingga; Suryo Bintoro, Nugroho
Journal of Development Economic and Social Studies Vol. 4 No. 4 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

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Abstract

This study analyzes the effects of Oil Revenue Sharing (DBH Migas), world oil prices, regional taxes, regional expenditures, and capital expenditures on the fiscal capacity of Bojonegoro Regency from 2001 to 2024, using the Vector Error Correction Model (VECM). The results show that in the long term, DBH Migas, world oil prices, and regional taxes have a significant impact on fiscal capacity, while regional and capital expenditures do not. In the short term, all variables significantly affect fiscal capacity, especially DBH Migas and world oil prices at certain lags. The error correction term (ECT) is negative but not significant, indicating a slow adjustment toward long-term equilibrium.
Determinants of Work Absorption in East Kalimantan Noviana Dipi Ramadhani; Syafitri , Wildan
Journal of Development Economic and Social Studies Vol. 4 No. 4 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

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Abstract

East Kalimantan is a province undergoing major development through the National Capital (IKN) project, yet it still faces employment challenges. Despite having relatively high levels of GRDP, wages, education, and both foreign (FDI) and domestic investment (DDI), the region continues to experience a high unemployment rate. This study aims to examine the influence of education, wages, GRDP, FDI, and DDI on labor absorption in 10 regencies/cities in East Kalimantan during the 2017–2023 period. The research employs a quantitative associative approach using secondary data analyzed through panel data regression with EViews software. The findings show that education has a negative and significant effect, while wages, GRDP, and DDI have positive and significant effects on labor absorption. Meanwhile, FDI has a negative but insignificant effect.
The Impact of Tourism on Poverty in East Java Province an Empirical Study from 2018 to 2022 Yoga, Prayoga Ilham Nur Aprizal
Journal of Development Economic and Social Studies Vol. 4 No. 4 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

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Abstract

This study aims to analyze the impact of tourism on poverty in East Java province by considering the role of economic growth variables and the number of tourists. The data used is panel data from 38 districts/cities in East Java Province. The results of the analysis show that economic growth has a negative and significant effect on the poverty rate, indicating that an increase in economic growth can effectively reduce poverty. The variable number of tourists has an insignificant effect on poverty, which indicates that the tourism sector has not had a substantial impact in reducing poverty in East Java Province. This study suggests strengthening the connectivity of the tourism sector with other economic sectors and developing more inclusive policies to support poverty reduction through tourism.
The Influence of Education Expenditure, Health Expenditure, and the Gini Ratio on Human Development Aulia, Tri Setya; Devanto Shasta Pratomo
Journal of Development Economic and Social Studies Vol. 4 No. 4 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

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Abstract

Regional development can be assessed by the extent of human development within the area. High-quality human resources are expected to contribute positively to increased productivity. In this regard, the commitment of local governments to promoting human development is crucial, particulary through the allocation of public expenditure to key sectors. This study investigates the impact of education expenditure sourced from the Early Childhood Education Operational Assistance (BOP PAUD), health expenditure sourced from the health Operational Assistance (BOK), and income inequality as measured by the gini ratio on the Human Development in the Special Region of Yogyakarta (DIY). The analysis is based on secondary data from five districts and municipalities within the province. A quantitive approach using panel data regression is employed. The results show that education expenditure sourced from BOP PAUD has a statistically significant negative effect on HDI, health expenditure sourced from BOK has a statistically significant positive effect, while the gini ratio has no significant effect on HDI.
An Analysis of Monetary and Fiscal Components in the Phenomena of Regional Inflation Volatility Muhammad Ikhlasul amal; Shofwan
Journal of Development Economic and Social Studies Vol. 4 No. 4 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

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Abstract

Price stability is an essential economic factor in the long term; however, the volatility of domestic inflation remains a significant challenge in the management of inflation in Indonesia. Conversely, the characteristics and patterns of policy exert influence on inflation and volatility in the region, thereby facilitating the analysis of these dynamics. The objective of this study is to analyze the impact of financial and fiscal policies on inflation volatility, as well as the impact of comparable factors on inflation at the provincial level from 2017 to 2022. A quantitative approach was employed, utilizing secondary data obtained from the Central Statistics Office, Bank Indonesia publications, and the Ministry of Finance. The model employed was a fixed-effects panel data model. The instrument is designed to serve as a representation of the fiscal aspect. The following variables were utilized: regional tax revenue (TAX), central-local government transfers (TKDD), money supply (JUB), measured using the size of credit according to region and province, and the interest rate (SB), measured using the interest rate of bank deposits for three months. These variables are indicative of the monetary components. The findings of the study indicated that the overall effect of the independent variables on inflation was significant, with negative effects stemming from SB and TKDD, and positive effects attributed to JUB and PJK. Conversely, the time-series coefficient of variation (TKDD) exerts a negative influence on the volatility of inflation, while the structural break coefficient (SB), the product-level coefficient (TAX), and the TKDD demonstrate a negative relationship. The entirely of the variables exhibited a substantial impact on the volatility of inflation in the region, with the exception of JUB.