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Contact Name
Mochamad Nashrullah
Contact Email
Nashrul.id@gmail.com
Phone
+6285745063538
Journal Mail Official
admin@antispublisher.com
Editorial Address
Kavling Banar, Pilang, Sidoarjo, Jawa Timur
Location
Kab. sidoarjo,
Jawa timur
INDONESIA
Journal of Economics and Economic Policy
Published by Antis Publisher
ISSN : -     EISSN : 30474892     DOI : https://doi.org/10.61796/ijecep.v1i3
Core Subject : Economy, Social,
The Journal of Economics and Economic Policy is a monthly publication at the forefront of economic scholarship, offering a diverse and comprehensive exploration of contemporary economic issues. With a commitment to excellence, the journal provides a platform for leading economists, researchers, and academics worldwide to share their innovative insights and cutting-edge research findings. Rigorously peer-reviewed, each issue covers a broad spectrum of economic disciplines, including macroeconomics, microeconomics, econometrics, international economics, and financial economics. The journals global perspective fosters an inclusive dialogue, addressing the interconnected challenges and opportunities facing economies across the world. Emphasizing a timely publication schedule, the International Journal of Economics ensures that readers stay informed about the latest advancements and policy implications, making it an indispensable resource for scholars, policymakers, and practitioners navigating the complexities of the ever-evolving economic landscape.
Articles 205 Documents
THE IMPACT OF EXTERNAL AUDIT RISKS ON INTERNAL CONTROL AND AUDIT SYSTEMS: AN EMPIRICAL STUDY AT THE IRAQI NATIONAL BANK OF THE MIDDLE EAST Mohammad Abdulwahid Jayyas
Journal of Economic and Economic Policy Vol. 3 No. 2 (2026): Journal of Economics and Economic Policy
Publisher : PT. Antis International Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61796/ijecep.v3i2.112

Abstract

Objective : This study seeks to examine how risks from external oversight affect the success of internal control and auditing processes, using a real-world example from the Middle East National Bank in Iraq. The significance of this subject arises from the delicate and complicated relationship between external oversight – shown by organisations like the Central Bank and the Financial Supervision Bureau – and internal control, shown by the bank’s audit departments. If there is insufficient cooperation or if there is confusion between these two groups, it can result in a decrease in the effectiveness of the overall monitoring system. Method : The study used a descriptive analytical approach, and information was gathered through a survey given to a chosen group of employees in departments that handle internal control and auditing. Additionally, this was enhanced by informal interviews with several internal audit and financial control staff, which enabled a combined quantitative and qualitative review. The quantitative portion included 85 participants, and the information was examined using SPSS, applying descriptive statistics, linear regression analysis, and a reliability check using Cronbach's alpha coefficient. Results : The findings indicate that while external oversight is important, it can also introduce risks related to management and structure that can hinder the independence and effectiveness of internal auditing. The study further revealed that 63% of the variations in how effective internal audits are can be attributed to the risks posed by external control (R² coefficient = 0. 63). Additionally, there is a redundancy in control processes and confusion regarding the assignment of responsibilities. Descriptive statistics showed that the area concerning "external control risks" had the highest average score of 4. 21, suggesting that employees are highly aware of how serious these risks can be. Novelty : The research finished with several suggestions, especially the importance of creating formal guidelines to manage how outside monitoring interacts with the internal audit team, boosting the latter’s independence, setting up shared oversight groups, and implementing consistent training sessions for both sides to improve clarity and avoid repetition. Additionally, the research recommended moving away from a punitive approach to oversight towards a preventive one that emphasises improving efficiency rather than penalising mistakes.
THE IMPACT OF SOME ECONOMIC VARIABLES ON ECONOMIC GROWTH IN IRAQ FOR THE PERIOD 2003-2022: A STANDARD STUDY Ahmed Jeber Salem Al-Abouda; Ahmed Jasim Mohammed Al-Matury; Shahad Jasim Mohammed
Journal of Economic and Economic Policy Vol. 3 No. 2 (2026): Journal of Economics and Economic Policy
Publisher : PT. Antis International Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61796/ijecep.v3i2.114

Abstract

Objective: Studying the economic variables influencing economic growth in Iraq for the period 2003-2022 is important for Iraq, especially after the events of 2003 and the accompanying changes in economic policy. Therefore, the research aims to understand the impact of these variables on the path of economic development in Iraq. Method: To address the research problem, economic measurement was used through the utilization of Eviews 12 software and some tests, including the unit root test. The time series data were transformed into logarithms, and it was found that the statistical value was not significant because the PRO value was less than 0.005. As a result, the first difference was taken where the time series stabilized. The Box-Jenkins method was used, and then the best model was selected to study the case of economic growth for the Iraqi economy until 2032. Results: The analysis shows that after stabilizing the time series data, the selected Box-Jenkins model effectively captured the dynamics of economic growth in Iraq. The results indicate that key economic variables significantly influence GDP growth trends, and the forecast suggests a steady growth trajectory for the Iraqi economy up to 2032 under current policy conditions. Novelty: The study applies the Box-Jenkins method combined with Eviews 12 software to model and forecast economic growth in Iraq until 2032, considering the impact of economic variables after the events of 2003 and subsequent policy changes.
COMPARATIVE ANALYSIS OF MONEY MARKET AND CAPITAL MARKET PERFORMANCE IN INDONESIA: A CASE STUDY ON THE IMPACT OF MONETARY POLICY Abdul Azim Wahbi; Syahrudi
Journal of Economic and Economic Policy Vol. 3 No. 2 (2026): Journal of Economics and Economic Policy
Publisher : PT. Antis International Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61796/ijecep.v3i2.113

Abstract

Objective: This study aims to analyze the comparison of the performance of the money market and the capital market in Indonesia with a focus on the impact of monetary policy. Method: Using literature study and library research methods, this study found that the money market is more responsive in the short term to changes in monetary policy, while the capital market shows a more sustainable long-term impact. Results: The monetary policy implemented by Bank Indonesia, particularly thru the benchmark interest rate instrument (BI Rate/BI-7DRR), open market operations, and macroprudential policies, significantly affects the movements of the money market and the capital market. The results of this study provide implications for investors, regulators, and market participants to understand the sensitivity of both markets to the dynamics of monetary policy. In conclusion, monetary policy has an impact on the performance of the money market and the capital market in Indonesia, although with different response patterns. Novelty: Indonesia's financial market has two main pillars, namely the money market and the capital market. Both function as financial intermediation platforms, but they have different characteristics, instruments, and sensitivities to monetary policy.
STRENGTHENING FINANCIAL GOVERNANCE THROUGH DIGITAL PAYMENT SYSTEMS FOR THE SUSTAINABLE GROWTH OF MSMES IN JEMBER CITY Moh. Halim; Riyanto Setiawan Suharsono; Rendy Mirwan Aspirandi
Journal of Economic and Economic Policy Vol. 3 No. 2 (2026): Journal of Economics and Economic Policy
Publisher : PT. Antis International Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61796/ijecep.v3i2.119

Abstract

Objective: This study aims to examine the role of digital payment systems in strengthening financial governance and promoting sustainable growth among micro, small, and medium-sized enterprises (MSMEs) in Jember City. Method: The research employed a quantitative approach with a correlational design, involving 150 MSME respondents selected through purposive sampling, and utilized structured questionnaires based on a Likert scale. Data analysis was conducted using Partial Least Squares Structural Equation Modeling (PLS-SEM) to evaluate both the measurement and structural models, including hypothesis testing and mediation analysis. Results: The results indicate that digital payment systems significantly enhance financial governance, which partially mediates the relationship between digital payment adoption and the sustainable growth of MSMEs. Novelty: These findings suggest that integrating digital payment technologies with effective financial governance mechanisms contributes to improved operational transparency, accountability, and long-term business sustainability, thereby offering theoretical, practical, and policy implications for MSMEs and relevant stakeholders.
THE ROLE OF THE SCHOOL PRINCIPAL IN REALIZING GOOD SCHOOL GOVERNANCE AT SDN 007 MAMAHAK BESAR, MAHAKAM ULU REGENCY: A POLICY IMPLEMENTATION STUDY OF PERMENDIKDASMEN NO. 7 OF 2025 Monika Hagin; Praptiningsih Sukowati; Saudah
Journal of Economic and Economic Policy Vol. 3 No. 3 (2026): Journal of Economics and Economic Policy
Publisher : PT. Antis International Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61796/ijecep.v3i3.122

Abstract

Objective: This study aimed to analyze the principal’s role in implementing Good School Governance (GSG) and identify its supporting and inhibiting factors following the implementation of the Regulation of the Minister of Primary and Secondary Education No. 7 of 2025. Method: Employing a descriptive qualitative design at SDN 007 Mamahak Besar in Mahakam Ulu Regency, data were gathered through in-depth interviews, field observations, and document analysis involving the principal, teachers, parents, committee members, and supervisors, and analyzed through data reduction, data display, and conclusion drawing. Result: The findings indicate that the principal effectively executes multidimensional roles—as a leader, manager, facilitator, supervisor, decision-maker, and community liaison—enhancing GSG through operational transparency, budget accountability, stakeholder participation, resource efficiency, and responsiveness, although full implementation remains constrained by severe geographical isolation, limited infrastructure, unstable internet connectivity, and administrative weaknesses. Novelty: This study provides unique empirical evidence on how the newly enacted 2025 national leadership regulation is operationalized within a remote and resource-constrained elementary school setting (3T region), bridging the critical gap between centralized education governance policies and the contextual realities of rural educational institutions.