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Grimsa Journal of Business and Economics Studies
Published by PT. Graha Primera Saintifika
ISSN : -     EISSN : 30320534     DOI : https://doi.org/10.61975/gjbes
Core Subject : Economy, Science, Social,
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Energy Environmental Science Social Sciences
Grimsa Journal of Business and Economics Studies aims to provide a platform for researchers, scholars, and professionals to share their innovative ideas, findings, and insights in the following areas: Economic Theory and Analysis, Business Management and Strategy, Finance and Investment, Marketing and Consumer Behavior, Entrepreneurship and Innovation, International Business and Trade, Economic Development and Policy, Sustainable Business Practices, Data Analytics and Business Intelligence, Labor Economics and Human Resources, Financial Technology, Business Ethics and Corporate Governance
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekomomi dan Ekonometrika
Articles 24 Documents
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Economic Growth in Indonesia: The Influence of Fiscal Decentralization, Investment, Labor, and Human Development Index Maulana, Harist; Syahnur, Sofyan; Abrar, Muhammad
Grimsa Journal of Business and Economics Studies Vol. 2 No. 2 (2025): July 2025
Publisher : Graha Primera Saintifika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61975/gjbes.v2i2.75

Abstract

Economic growth is the main indicator of the success of a region's development. This study aims to analyze the effect of fiscal decentralization, investment, labor, and the Human Development Index (HDI) on economic growth in Indonesia. Fiscal decentralization is measured through the General Allocation Fund (DAU), Revenue Sharing Fund (DBH), and Special Allocation Fund (DAK), while investment is represented by Domestic Direct Investment (PMDN) and Foreign Direct Investment (PMA). The labor factor is measured based on the number of workers employed, while the HDI is used as an indicator of human resource quality. This study uses a quantitative approach, employing panel data regression with the Ordinary Least Squares method. Data were collected from 34 provinces in Indonesia from 2014 to 2023. The results of the study show that DAU, DBH, and DAK have a positive and significant effect on economic growth, indicating that fiscal transfers from the central government to the regions can encourage economic activity at the regional level. In addition, PMDN and PMA also have a significant positive impact on economic growth. However, labor does not show a significant effect on economic growth, indicating that the increase in the number of workers has not been accompanied by an increase in skills and work productivity. Meanwhile, the HDI has a positive and significant effect, confirming that improving the quality of education and health plays an important role in increasing labor productivity and economic growth. These findings emphasize the importance of optimizing fiscal policy, increasing the effectiveness of regional fund allocation, and workforce development and human development strategies to support sustainable economic growth in Indonesia.
Economic Growth as a Moderator in the Nexus between Public Finance, Human Development, and Income Inequality in Aceh Royanti, Mella; Nasir, Muhammad; Seftarita, Chenny
Grimsa Journal of Business and Economics Studies Vol. 2 No. 2 (2025): July 2025
Publisher : Graha Primera Saintifika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61975/gjbes.v2i2.90

Abstract

Income inequality continues to pose a significant economic challenge in Indonesia, particularly at the regional level. Although economic growth is regarded as a pathway to improved public welfare, it can either alleviate or exacerbate existing income disparities. This study investigates the moderating role of economic growth in the relationship between public finance, human development, and income inequality, using panel data from 23 districts and cities in Aceh Province over the period 2017-2023. Employing panel data regression with the Moderated Regression Analysis (MRA) technique, the analysis focuses on three key independent variables: local tax revenue, village funds, and the Human Development Index (HDI). The results show that local tax revenue is positively associated with income inequality, while village funds have no statistically significant effect. The HDI, on the other hand, is significantly and negatively associated with inequality. However, economic growth does not moderate the effects of local tax revenue or village funds on income inequality. Notably, it does moderate the relationship between HDI and inequality, with the effect of HDI turning positive when interacted with economic growth. These findings highlight the need for local governments to prioritize inclusive development through strengthened fiscal management, more targeted village fund allocations, and sustained investment in human capital.
Agrochemicals, GHG Emissions, and GDP in Southeast Asia: A Machine Learning Approach with Hierarchical Clustering Fazli, Qalbin Salim; Idroes, Ghalieb Mutig; Hilal, Iin Shabrina; Hafizah, Iffah; Hardi, Irsan; Noviandy, Teuku Rizky
Grimsa Journal of Business and Economics Studies Vol. 2 No. 2 (2025): July 2025
Publisher : Graha Primera Saintifika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61975/gjbes.v2i2.93

Abstract

Agrochemical use, GHG emissions, and gross domestic product (GDP) vary widely across Southeast Asia, making the region suitable for cluster-based sustainability analysis. This study applies hierarchical clustering analysis (HCA) to classify nine Southeast Asian countries using four standardized indicators: pesticide use, nitrogen fertilizer use, GHG emissions, and GDP. Exploratory data analysis reveals significant disparities, with Brunei and Indonesia emerging as outliers due to exceptionally high input intensity and emissions, respectively. HCA identifies four distinct clusters: (1) low-input, low-emission economies (Cambodia, Laos, Myanmar); (2) moderately intensive systems (Malaysia, Thailand, the Philippines, Vietnam); (3) a high-pesticide profile (Brunei); and (4) a high-emission, high-output outlier (Indonesia). Principal Component Analysis confirms the cluster structure and highlights variation in emission efficiency. The findings show that similar agroecological contexts can yield divergent environmental outcomes, emphasizing the role of policy and technology. This study provides the first region-wide, data-driven typology of agricultural sustainability in Southeast Asia using HCA.
The Effects of Tourism Determinants on Poverty through Economic Growth in Indonesia Abbas, Munawwir; Silvia, Vivi; Nasir, Muhammad
Grimsa Journal of Business and Economics Studies Vol. 3 No. 1 (2026): January 2026 (In Press)
Publisher : Graha Primera Saintifika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61975/gjbes.v3i1.94

Abstract

As an archipelagic and developing country, Indonesia faces complex and persistent poverty challenges that hinder both societal welfare and provincial economic growth. This study aims to examine the factors influencing tourism and assess efforts to reduce poverty through economic growth. Using panel data from 34 provinces in Indonesia for the period 2016 to 2024, the analysis applies a random effects regression model. The results show that domestic tourist arrivals, international tourist arrivals, occupancy rates of starred hotels, and occupancy rates of non-starred hotels exert a positive and significant effect on poverty. In contrast, economic growth does not significantly influence poverty and does not function as a mediating variable. To sustain increases in tourist arrivals both domestic and international the government should enhance promotional efforts for Indonesian tourism and strengthen support for regional tourism development. Moreover, providing subsidies and improving access to business loans for hotel operators can help expand their operational capacity. Finally, the government needs to improve the competence of tourism stakeholders through well designed and effective education and training programs.

Page 3 of 3 | Total Record : 24

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