Economic Development Analysis Journal
Focus and Scope Economic Development Analysis Journal is a scientific journal who published by Department of Economic Development, Faculty of Economics, Universitas Negeri Semarang, Indonesia. this journal published four times per year on February, May, August, and November and start publishing since 2012. The journal scope is related to the research in developing countries such as a development studies, poverty adequate, inequality, unemployment studies, behavioural economics, human development problems and others economics issues. Economics Development Analysis Journal also publish an articles related to the branch of development studies, such as, industry economics, international trade, bank and financial institutions, agriculture economics, financial studies, digital economics, small and medium enterprises, and tourism economics. It also published the study of development policy such as monetary economics, public economics, macro economics, micro economics, and economics policy. Therefore, this journal also received an articles related to spatial studies such as Urban, Regional, Development planning and Rural economics. Base on the scope, Economics Development Analysis Journal welcome a multidicipline articles who related to the economics and development studies.
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The Impact of Health on Per Capita GDP in Indonesia
Vita Kartika Sari;
Malik Cahyadin
Economics Development Analysis Journal Vol 10 No 2 (2021): Economics Development Analysis Journal
Publisher : Economics Development Department, Universitas Negeri Semarang, Indonesia
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DOI: 10.15294/edaj.v10i2.41365
The purpose of this study was to estimate the influence of health on per capita GDP in Indonesia in 1986-2018. Health was proxied by three variables including health expenditure, infant mortality rate and life expectancy. The variables expressed a significant indicator to assess health level in a country. Furthermore, the estimation was carried out in the short-run and long-run based on the ARDL-ECM model. The results showed that the feasible ARDL model was ARDL (2, 0, 0, 0). In long-run, per capita GDP was significantly influenced by health expenditure, infant mortality rate and life expectancy. This expressed significant implication of the health level for increasing the economic performance and welfare in Indonesia. Meanwhile, in short-run, it was only influenced by infant mortality rate and (ECT (-1)). Further, Cusum and CusumQ tests showed the empirical model was stable. The policy implication directs that the government can improve the quality of public health, increase health expenditure as a fiscal stimulus, and support increasing public income.
Political Supports and Financial Distress of Companies in Indonesia
Muhammad Istan
Economics Development Analysis Journal Vol 10 No 2 (2021): Economics Development Analysis Journal
Publisher : Economics Development Department, Universitas Negeri Semarang, Indonesia
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DOI: 10.15294/edaj.v10i2.42831
The current study was underlain by the background that many entrepreneurs came into politics and many politicians established companies after having political positions. This study aimed at examining the theory that companies’ finance is influenced by political supports. The problem proposed was how political supports affected the companies’ financial distress in Indonesia. The data of the current study referred to the ratios of finance reported by each company listed in the period of 2010-2019. The samples were purposively solicited by incorporating 63 companies indicated to have political supports for ten years. For testing hypotheses, the analysis technique used simple regression. The results revealed that political supports (PS1, PS2, and PS3) did not significantly affect financial distress (FD). Subsequently, political supports (PS1, PS2, and PS3) also did not significantly affect companies’ performance. The foregoing was caused that the board of directors carried out the companies’ operations independently without political pressure.
Macroprudential Policy and Credit Risk in Dual Banking System
Jannatul Liutammima Musta'in;
Faaza Fakhrunnas
Economics Development Analysis Journal Vol 10 No 2 (2021): Economics Development Analysis Journal
Publisher : Economics Development Department, Universitas Negeri Semarang, Indonesia
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DOI: 10.15294/edaj.v10i2.43092
Issues related to financial stability are a very complex problem, especially the global crisis impact in 2008. Based on these conditions, the Basel Committee on Banking Supervision introduced a macroprudential policy to mitigate financial system risk systemically. The study aims to analyze the impact of macroprudential policy on the banks’ risk exposure by adopting credit risk as a risk proxy. By adopting a panel dynamic approach, credit risk is used to be a dependent variable while independent variables consist of the reserve requirement, capital buffer, and a net open position in either conventional and Islamic banks. The observation period starts from 2014 to 2019 with quarterly data, and it involves 22 banks in Indonesia. The study found that macroprudential policy has a long-run relationship to Islamic banks' credit risk but not to conventional banks. The result from Variance Decompositions (VDs) and Impulse Response Factors (IRFs) also showed that each independent variables have an impact to credit risk value in many different directions. According to that, this study suggests that Indonesian financial authority has to pay attention to the different effectiveness and impact of its macroprudential policy, which has to consider the specific characteristics of either conventional or Islamic banks..
Impact of Road Infrastructure and Foreign Direct Investment to Asean Economy
Dyah Maya Nihayah;
Gilang Fajar Kurniawan
Economics Development Analysis Journal Vol 10 No 2 (2021): Economics Development Analysis Journal
Publisher : Economics Development Department, Universitas Negeri Semarang, Indonesia
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In global economy era, developing countries try to increase their competitiveness. This study aims to analyze the effect of road infrastructure and Foreign Direct Investment (FDI) on Economic Growth as in ASEAN by 2008-2017. Variables in this research included economic growth, road length and FDI. The type of data used is panel data which analyzed by the Ordinary Least Square (OLS) method with fixed effect model specifications. The results showed that road infrastructure and FDI simultaneously had an effect for economic growth in ASEAN, and from the 9 countries the biggest effect is on Brunei Darussalam, Malaysia, and Thailand whose road infrastructure and FDI have a positive effect on economic growth in the period 2008-2017. Individually, road infrastructure variable has a negative effect, and FDI has a positive effect. It means that economic growth in ASEAN is less effected by physical capital and may be derived from other factors such as human resources or technological development, and investment has an important role in ASEAN economic growth. Further research is recommended to develop by adding other variables that are thought to have a relationship and represent the entire population.
Education Cash Transfer and High School Enrollment in Indonesia
Pasman Caniago;
Elfindri Elfindri;
Delfia Tanjung Sari
Economics Development Analysis Journal Vol 10 No 2 (2021): Economics Development Analysis Journal
Publisher : Economics Development Department, Universitas Negeri Semarang, Indonesia
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DOI: 10.15294/edaj.v10i2.43922
Smart Indonesia Program (Program Indonesia Pintar/PIP) is a policy made by the Indonesian government that aims to guarantee and ensure every child has access to a decent education and has the same learning opportunities at all levels of education. However, the enrollment rate at the secondary level, especially in senior high school, is still far from the government target, as stated on the National Medium-Term Development Plan of 2015-2019. This study aims to understand the PIP’s impact on the probability of getting an education in Indonesia's Senior High School (Sekolah Menengah Atas/SMA). This study applied logistic regression analysis to determine PIP's effect regarding children's opportunities at the age of 16-18 years old to attend school. This study uses data from 16-18 years old children who belong to the households categorized as the 40% lowest expenditure group in Susenas 2017, to align with the PIP’s target based on Integrated Database (Basis Data Terpadu /BDT). The result reveals that 16-18 years old children in households included in the lowest 40% of expenditure who receive PIP have higher and significant probabilities of attending high school level in Indonesia. Administration of PIP to 16-18 years old children from the 40% lowest expenditure group will increase their chance to participate in senior high school/equivalent by 15-25 percent. The characteristics of the beneficiaries such as gender, education level of the head of the household, and residence area can affect PIP's performance in escalating the probability of 16-18 years old children attending senior high school/equivalent.
Strategy to Actualize Green Campuses Through Sustainable Transportation
Amin Pujiati;
Prasetyo Ari Bowo;
Reza Nadya Isabella Putri
Economics Development Analysis Journal Vol 10 No 2 (2021): Economics Development Analysis Journal
Publisher : Economics Development Department, Universitas Negeri Semarang, Indonesia
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DOI: 10.15294/edaj.v10i2.43974
The green campus program is an effort made by the Indonesian government to overcome environmental problems that occur due to pollution, one of which is the Surakarta City Government. By involving tertiary institutions, it is hoped that it will be able to become a concrete example of the realization of greening for the surrounding community to help create a green and environmentally friendly city. The high level of pollution that occurs is certainly accompanied by the high use of motorized vehicles. The purpose of this research is to determine the priority order of strategies that must be carried out to realize a green campus through sustainable transportation at Universitas Sebelas Maret. The method used in this research is descriptive qualitative. The data used are primary data. The analytical tool used is the Analytical Hierarchy Process (AHP) which is used to determine the priority order of strategies in realizing a green campus through sustainable transportation at Universitas Sebelas Maret. The results showed that the order of priority strategies in realizing a green campus through sustainable transportation is improving the quality of the environment, developing facilities and infrastructure and university policies. Based on these priorities, there must be collaboration that is also carried out by the academic community in order to realize this green campus. In addition, all strategic plans that have been prepared must be carried out accordingly.
Analysis of Factors Affecting Poverty in the North Sumatra Province
Arif Rahman;
M Syafii;
Sukma Hayati Hakim
Economics Development Analysis Journal Vol 10 No 2 (2021): Economics Development Analysis Journal
Publisher : Economics Development Department, Universitas Negeri Semarang, Indonesia
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DOI: 10.15294/edaj.v10i2.44164
North Sumatra is the province with the largest number of poor people in 2019 with the fifth highest poverty percentage on the island of Sumatra. This province has a good potential for accelerating economic growth and improving the quality of life if all levels of society are empowered with all their capabilities in carrying out productive business activities, and can access to socio-economic resources. This study aimed to determine and analyze the effect of the real GDP per capita variable, the open unemployment rate, and the average length of schooling simultaneously and partially on the poverty rate in 33 cities and regencies of North Sumatra Province in 2017-2019. It used secondary data using the Eviews program, while analysis technique used was panel data regression. Based on the research results, it was found that the real GDP per capita, the open unemployment rate, and the average length of schooling simultaneously had a significant effect on the poverty level. Per capita real GRDP and average length of schooling partially had a negative and significant effect on poverty rate. Meanwhile, the open unemployment rate had no significant effect on poverty. The variable that has the most dominant influence on the level of poverty was real GDP per capita.
Financial Inclusion, Poverty, Inequality: Empirical Evidence from Provincial in Indonesia
Dipta Fitriatinnisa;
Khoirunurrofik Khoirunurrofik
Economics Development Analysis Journal Vol 10 No 2 (2021): Economics Development Analysis Journal
Publisher : Economics Development Department, Universitas Negeri Semarang, Indonesia
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DOI: 10.15294/edaj.v10i2.44483
Current financial inclusion studies generally use partial indicators from access and use dimensions and are still limited in using multi-dimensional indicators. This study investigates the nexus between financial inclusion, poverty, and inequality by looking at empirical evidence from 33 provinces in Indonesia during 2009 - 2019. The Financial Inclusion Index (FII) for each province is constructed following Wang & Guan (2017) approach, which is more objective in weight assignment and avoids correlations between dimensions, namely access dimension, and usage dimension. The results show that financial inclusion has a significant effect on reducing poverty in Indonesia. There is evidence that FII supports the existence of an inverted U-curve relationship between financial inclusion and inequality. If we dispart the FII, the result shows that the only access dimension has a significant effect on reducing poverty levels in Indonesia and supports an inverted U-curve relationship with inequality. To make financial inclusion a tool for combat poverty and inequality, Indonesia needs to provide broad and greater financial access, engage unbanked people to make an account, and use financial services, especially for poor people. Alongside that, Indonesia also needs to make usage dimension has an impact on financial inclusion. Financial institutions need to design the right products so that they can provide based on people's needs.
Gold, Uncertainty, Macroeconomy, Inflation Hedging and Safe Haven in Indonesia
Muhammad Edhie Purnawan;
Inda Fresti Puspitasari
Economics Development Analysis Journal Vol 10 No 2 (2021): Economics Development Analysis Journal
Publisher : Economics Development Department, Universitas Negeri Semarang, Indonesia
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DOI: 10.15294/edaj.v10i2.44653
This study examines the impacts of monetary policy uncertainty and macroeconomic variables on gold price dynamics in Indonesia. Monthly time series data was used for the period of January 2009 till December 2018. Indonesia has the second place after Thailand as a country with the highest gold demand in Southeast Asia. but, there are less studies about role of gold as safe haven in Indonesia and this study is the first one that specifically included the uncertainty variable of US monetary policy in the model using ARDL-ECM approach. The ARDL-ECM approach is applied to find out are the gold price dynamics in Indonesia influenced by macroeconomic shocks or by the movements of gold price itself in the previous period. The empirical results of this study indicate that gold plays an important role as inflation hedging and safe haven in Indonesia. This study proved that in the short-term and long-term, gold price in the previous period, exchange rate, and IHSG have a negative and significant relationship on gold prices dynamics in Indonesia, while the London gold price and inflation have a positive and significant relationship on gold price movement in Indonesia. The high level of US monetary policy uncertainty and uncertainty in global economic conditions has led to an increase in gold prices in Indonesia.
Determinants of Labor Productivity in the Artificial Eyelashes Industry
Puji Rakhmawati;
Karsinah Karsinah
Economics Development Analysis Journal Vol 10 No 2 (2021): Economics Development Analysis Journal
Publisher : Economics Development Department, Universitas Negeri Semarang, Indonesia
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DOI: 10.15294/edaj.v10i2.45376
This research aims to analyze the labor productivity in the artificial eyelash industry at PT. Royal Korindah in Purbalingga Regency based on the factors that affect. The variables used are labor productivity, education, wages, age, and work experience. The research method used in this research is Multiple Linear Regression Analysis using Eviews9 data processing program. This research used primary data and secondary data. Primary data obtained by the method of interviewing a sample of 100 people labor in the production division at PT. Royal Korindah. Secondary data obtained in the form of publications from various sources. The results showed that education, wages, age, and work experience simultaneously had a positive and significant effect. The factors of education, wages and age have a positive and partially significant effect on labor productivity at PT. Royal Korindah in Purbalingga Regency. In partialy work experience does not have a significant effect on labor productivity at PT. Royal Korindah in Purbalingga Regency.