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.
Articles
585 Documents
<![CDATA[Socioeconomy Conditions After The Development of Toll Roads in Salatiga ]]>
<![CDATA[Grace Natalia Marpaung]]>;
<![CDATA[Etty Soesilowati]]>;
<![CDATA[Yozi Aulia Rahman]]>;
<![CDATA[Yustiko Arvan Gilang Pangestu]]>;
<![CDATA[Tania Wicaksana]]>
<![CDATA[ Economics Development Analysis Journal Vol 10 No 1 (2021): Economics Development Analysis Journal ]]>
Publisher : <![CDATA[Economics Development Department, Universitas Negeri Semarang, Indonesia ]]>
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DOI: 10.15294/edaj.v10i1.40966
<![CDATA[In Central Java, one of supporting factors of regional economic growth viewed from regionalfacilities and infrastructures is toll road facilities. Transjawa toll road is a network that connectsseveral cities in Java. Particularly, this toll road connects two biggest cities in Indonesia, namelyJakarta and Surabaya in which Salatiga is also one of cities traversed by this toll. This ±1.000 kmtoll road continues the previous toll roads that have existed, including Merak – Cikampek, Jakarta– Bandung, Semarang – Bawen, and Surabaya – Pandaan. Despite the positive impacts, Transjawatoll road also gives negative impacts for local communities. Thus, this study aimed (1) to find outthe socioeconomic condition of farmers after Transjawa toll road construction in Salatiga and (2)to find out the socioeconomic condition of Micro, Small, and Medium Enterprises (MSMEs) afterTransjawa toll road construction in Salatiga. This study used qualitative and quantitative datataken from from 30 main respondents. The construction of transjawa toll road in Salatiga regionbrings good effects. It was proved by the better condition of socioeconomic and income of farmersand MSME doers in Salatiga region after the construction of this toll road.]]>
<![CDATA[The Impact of Health on Per Capita GDP in Indonesia ]]>
<![CDATA[Vita Kartika Sari]]>;
<![CDATA[Malik Cahyadin]]>
<![CDATA[ Economics Development Analysis Journal Vol 10 No 2 (2021): Economics Development Analysis Journal ]]>
Publisher : <![CDATA[Economics Development Department, Universitas Negeri Semarang, Indonesia ]]>
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DOI: 10.15294/edaj.v10i2.41365
<![CDATA[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.]]>
<![CDATA[Development Strategies for Tourism Destinations in Semarang Old Town ]]>
<![CDATA[Retno Ginanjar]]>;
<![CDATA[Sucihatiningsih Dian Wisika Prajanti]]>
<![CDATA[ Economics Development Analysis Journal Vol 10 No 1 (2021): Economics Development Analysis Journal ]]>
Publisher : <![CDATA[Economics Development Department, Universitas Negeri Semarang, Indonesia ]]>
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DOI: 10.15294/edaj.v10i1.41405
<![CDATA[This study aims to analyze the priority strategies for developing tourism destinations in SemarangOld Town Area. This study was designed using a qualitative descriptive research method. The dataused in this study were primary and secondary data. The data collection techniques were throughinterviews, observation, documentation study, and AHP questionnaires. The data validitytechnique used in this study also used data triangulation technique, namely triangulation of sourcesand techniques. The analysis technique used in this study was to use Analysis Hierarchy Process(AHP) scheme to find an analysis of the criteria priority order from the strategies in developingtourism destinations in Semarang Old Town Area. The research results show that based on theresults of AHP analysis, the most prioritized criteria in the development strategy of tourismdestination in Semarang Old Town Area is tourism policies, followed by service criteria forvisitors in the second position, and tourism marketing criteria for the last priority. The last prioritycriterion is tourism marketing. Meanwhile, the result analysis on all alternatives shows that the firstpriority alternative is transportation control. The second priority alternative is providing a sense ofsecurity and comfort for visitors. Meanwhile, the last priority of all alternatives is the ease oflicensing to sell.]]>
<![CDATA[Analysis of Gender Inequality in Poverty Reduction Program ]]>
<![CDATA[Walid Walid]]>;
<![CDATA[Bayu Rizky Pratama]]>
<![CDATA[ Economics Development Analysis Journal Vol 9 No 4 (2020): Economics Development Analysis Journal ]]>
Publisher : <![CDATA[Economics Development Department, Universitas Negeri Semarang, Indonesia ]]>
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DOI: 10.15294/edaj.v9i4.41950
<![CDATA[This study will focus on developing research in descriptive and inferential analysis of gender equality in poverty alleviation in the province of Central Java. This analysis is expected to provide input for advocacy on poverty alleviation programs, look at gender equality factors, provide input for monitoring the implementation of poverty alleviation programs, especially in Central Java, which can be used as a reference in national level policy making. This type of research uses a combination of descriptive and inferential research that uses secondary data from BPS and other sources. The technique used in collecting data in this study is the documentation study conducted by collecting secondary data, recording and processing data related to this research. The data analysis technique used is the panel data regression model and correlation analysis. The result obtained is that poverty alleviation programs in Central Java still contain the influence of gender disparity. The gender gap referred to is contained in the variables IPG, IDG, HDI, TKWP and SPP whose influence and relationship with poverty levels in Central Java in the past five years.]]>
<![CDATA[Multicollinearity in Tourism Demand Model : Evidence from Indonesia ]]>
<![CDATA[Wasiaturrahma Wasiaturrahma]]>;
<![CDATA[Hilda Rohmawati]]>
<![CDATA[ Economics Development Analysis Journal Vol 10 No 1 (2021): Economics Development Analysis Journal ]]>
Publisher : <![CDATA[Economics Development Department, Universitas Negeri Semarang, Indonesia ]]>
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DOI: 10.15294/edaj.v10i1.42078
<![CDATA[The demand for tourism in Indonesia continues to increase every year but cannot reach thepredetermined target. Studies on tourism demand have been done a lot, especially in Indonesia.The selection of the dependent variable in tourism demand is not problematic and acceptable,however, the selection of the independent variable is still unclear. This study aims to provide anappropriate Indonesian tourism demand model and analyze the determinants of tourism demandin Indonesia. The estimation technique used is a static panel regression. The results of this studyprove that there is multicollinearity in the tourism demand model when exchange rate and relativeprice are combined into one model, showing that relative price are good proxies in representingtourism price, and showing that substitution price are the main determinants of tourism demand inIndonesia. The policy implications recommended in this study are monitoring the economicgrowth of the origin countries of most tourists visiting Indonesia, improving the qual ity ofIndonesian tourism, and developing the Wonderful Indonesia program.]]>
<![CDATA[The Determinant Factors of Automobile Production in Indonesia ]]>
<![CDATA[Abi Revyansah Perwira]]>
<![CDATA[ Economics Development Analysis Journal Vol 10 No 1 (2021): Economics Development Analysis Journal ]]>
Publisher : <![CDATA[Economics Development Department, Universitas Negeri Semarang, Indonesia ]]>
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DOI: 10.15294/edaj.v10i1.42270
<![CDATA[As the fourth populated country in the world, Indonesia’s automobile production is the seventhrank among automobile producer developing countries. With the production capacity of more than2 million units, the industry only produces less than 60% of its capacity. To increase the productionperformance, the role of Foreign Direct Investment (FDI) is essential. However, previous empiricalstudies do not explain the nexus between FDI and the development of the Indonesian automobileindustry. Based on the Ordinary Least Square (OLS) regression analysis, FDI inward stock,domestic sales, imported components, and exchange rate are significant determinants factors inautomobile production. The domestic demand is the primary pillar of automobile production.Since the domestic market seems to be saturated, the export market can be an alternative toincrease automobile production. Unfortunately, the competitiveness of Indonesia’s automobile isstill weak and need to be improved because the Indonesian automobile industry still producesEuro2 automobile products and depends highly on raw material import for upstream industries.Therefore, transfer technology through FDI mechanism is required to develop Indonesia’sautomobile competitiveness. This paper suggests that FDI should be used focusing on Euro4standard upgrade and local upstream industries development.]]>
<![CDATA[Is Educated Labor Really Productive? ]]>
<![CDATA[Rr Retno Sugiharti]]>;
<![CDATA[Fitrah Sari Islami]]>;
<![CDATA[Octavia Laksmi Pramudiastuti]]>
<![CDATA[ Economics Development Analysis Journal Vol 10 No 1 (2021): Economics Development Analysis Journal ]]>
Publisher : <![CDATA[Economics Development Department, Universitas Negeri Semarang, Indonesia ]]>
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DOI: 10.15294/edaj.v10i1.42530
<![CDATA[Improving the quality of human resources through education is believed to increase laborproductivity. The higher the investment in education, the greater the potential for someone to gainknowledge, expand access to jobs, and increase productivity. However, the increases in the numberof educated workforces, truly unbalanced with the increase with aggregate productivity. Thepurpose of this study is to analyze at which one of the levels of education has the greatestcontribution to increasing productivity. In order to bring the research in macro level, we usedMincer equation calibrated by Bils and Klenow (2000) to develop a human capital model. Thiskind of research formed in micro level and very rarely research is done at the macro level.Therefore, by using calibration from Bils and Klenow (1992), this study tries to bring the mincermodel to the macro level. This model estimates by panel regression method and cointegrationmethod (for identification long run existence) and using data from the period of 2010-2018. Theresults of the study show a positive integration between the level of education towards workproductivity. The fact that vocational education is aimed at preparing workforce has no significanteffect on aggregate productivity. The result driven us to conclusion that education has not beenconsidered a human capital factor but signaling factor; schooling level of labor was not a drivenfactor to labor productivity, but the years of experience did and labor is tended to taking educationjust for formal reason not for academic reason.]]>
<![CDATA[Sultan Ageng Tirtayasa University and Its Impact on Social Economy ]]>
<![CDATA[Sugeng Setyadi]]>;
<![CDATA[Deris Desmawan]]>;
<![CDATA[Rizal Syaifudin]]>;
<![CDATA[Anita Widiastuti]]>
<![CDATA[ Economics Development Analysis Journal Vol 10 No 4 (2021): Economics Development Analysis Journal ]]>
Publisher : <![CDATA[Economics Development Department, Universitas Negeri Semarang, Indonesia ]]>
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DOI: 10.15294/edaj.v10i4.42749
<![CDATA[The purpose of this research is to analize the impact of Sultan Ageng Tirtayasa University (Untirta) as one of the State Universities in Banten to social economy impact which is proxied by human development index and economy growth in Serang City. Generally, there are two subtansial problems. First, the impact of the existence of the Untirta campus has not much impact to the human development index Serang City. Second, the relationship between educational sector and economic growth rate requires to further study. This research uses Ordinary Less Square regression and Input-Output Analysis. According to the results of several regression models, there are consistent influence of government investment and student graduated of Sultan Ageng Tirtayasa University which lead to an increase in human development index of Serang City. Meanwhile, according to another regression model, investment has not significant influence to local economy growth. However, the student graduated of Sultan Ageng Tirtayasa University has positive relationship and significant to influence the local economy growth. Furthermore, Input-Output Analysis is an equilibrium model, where Sultan Ageng Tirtayasa University as services provide on the education sector. Education sector has ability to increase industrial growth upstream (backward linkage) and encourage the production of other sectors that use inputs from the education service sector.]]>
<![CDATA[Political Supports and Financial Distress of Companies in Indonesia ]]>
<![CDATA[Muhammad Istan]]>
<![CDATA[ Economics Development Analysis Journal Vol 10 No 2 (2021): Economics Development Analysis Journal ]]>
Publisher : <![CDATA[Economics Development Department, Universitas Negeri Semarang, Indonesia ]]>
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DOI: 10.15294/edaj.v10i2.42831
<![CDATA[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.]]>
<![CDATA[Macroprudential Policy and Credit Risk in Dual Banking System ]]>
<![CDATA[Jannatul Liutammima Musta'in]]>;
<![CDATA[Faaza Fakhrunnas]]>
<![CDATA[ Economics Development Analysis Journal Vol 10 No 2 (2021): Economics Development Analysis Journal ]]>
Publisher : <![CDATA[Economics Development Department, Universitas Negeri Semarang, Indonesia ]]>
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DOI: 10.15294/edaj.v10i2.43092
<![CDATA[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..]]>
