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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 29 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
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.
The Moderating Role of Foreign Investment in the Relationship between Economic Growth Determinants in Sumatra Island Baizura, Aisar Riski; Zulham, T; Silvia, Vivi
Grimsa Journal of Business and Economics Studies Vol. 3 No. 1 (2026): January 2026
Publisher : Graha Primera Saintifika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61975/gjbes.v3i1.100

Abstract

Economic growth in Sumatra Island still faces structural challenges, especially related to the high level of open unemployment, the quality of human development, and the effectiveness of local government spending. On the other hand, the role of foreign investment in strengthening the relationship between these factors and economic growth has not yet shown empirical consistency, so it is important to study it more deeply. This study aims to evaluate the effect of open unemployment rate, Human Development Index (HDI), and government expenditure on economic growth in Sumatra Island, by including foreign investment as a moderating variable. This study uses panel data from ten provinces for the period 2011-2024 and is analyzed using the Fixed Effect Model (FEM) and Moderated Regression Analysis (MRA). The results show that the open unemployment rate has a significant negative effect on economic growth, while the Human Development Index (HDI) has no statistical effect. Government spending has a significant negative effect, indicating that the effectiveness of regional spending is not yet optimal in driving economic growth. In the moderation test, foreign investment was proven to strengthen the effect of government spending on economic growth, but it was not able to significantly moderate the effect of unemployment and HDI. These findings confirm that foreign investment is more effective when accompanied by good fiscal governance and human resource readiness. This study recommends optimizing the quality of public spending, implementing productive job creation programs, and synergizing foreign investment with regional human resource capacity development to promote inclusive and sustainable economic growth.
Governance Quality and Innovation Capability: Insights from Indonesia Hardi, Irsan; Majid, M. Shabri Abd.; Farlian, Talbani; Saleh, M.; Suriansyah, Andri; Syazalisma, Cut; Mose, Naftaly
Grimsa Journal of Business and Economics Studies Vol. 3 No. 1 (2026): January 2026
Publisher : Graha Primera Saintifika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61975/gjbes.v3i1.103

Abstract

Innovation is a key driver of national competitiveness, and its advancement increasingly relies on the strength of governance quality. However, empirical evidence linking governance performance to national innovation outcomes in the Indonesian literature remains limited. This study addresses this gap by assessing how the Worldwide Governance Indicators (WGI), used as a proxy for governance quality, affect Indonesia’s innovation capability as measured by the Global Innovation Index (GII). The analysis also incorporates additional factors that commonly influence innovation capabilities, including economic growth, foreign direct investment, and the labor force. By adopting a decomposition model to evaluate the individual contributions of each WGI dimension, and employing Gaussian Identity-link GLMs and robust least squares methods, the results show that governance quality overall has a positive and significant effect on Indonesia’s GII. When each component of the WGI is assessed individually, most dimensions display positive effects, with voice and accountability, political stability, and rule of law showing notably significant impacts. These findings imply that strengthening governance structures, particularly in transparency, stability, and legal certainty, is essential for advancing Indonesia’s innovation capability.
Analysis of Financial Education, Risk Management, and Accessibility of Technology-Based Loans on Improving Village Economic Resilience Lestari, Soraya; Muksalmina, Muksalmina; Baiti, Baiti; Hayati Hasan, Salwa; SI, Sari Raudhatul Jannah
Grimsa Journal of Business and Economics Studies Vol. 3 No. 1 (2026): January 2026
Publisher : Graha Primera Saintifika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61975/gjbes.v3i1.108

Abstract

Village economic resilience is critical for sustainable rural development, yet remains challenged by limited financial literacy, inadequate risk management, and restricted access to capital. This study examines how financial education, risk management, and technology-based loan accessibility influence economic resilience among culinary sector MSMEs in Syiah Kuala District, Banda Aceh. Using a quantitative approach, data were collected through Likert-scale questionnaires distributed to 68 respondents selected via proportional stratified random sampling from 217 culinary MSMEs. Multiple linear regression analysis reveals that all three independent variables significantly and positively affect village economic resilience. Technology-based loan accessibility emerged as the most dominant factor, followed by financial education and risk management. The findings suggest that integrated interventions combining digital financial inclusion, financial literacy programs, and risk management training can substantially strengthen rural economic resilience. This research contributes empirical evidence on the synergistic effects of these factors in developing economies and provides actionable insights for policymakers designing resilient rural economic development strategies. From a policy perspective, the findings highlight the importance of integrated rural economic policies that simultaneously promote financial education, strengthen risk management capacity, and expand responsible access to technology-based lending. Policymakers and local governments are encouraged to design village-level financial literacy programs and fintech regulations that support productive MSME financing while minimizing financial vulnerability.
Sociodemographic Determinants of Youth NEET in Indonesia Hidayat, Rahmad; Dawood, Taufiq C.; Abrar, Muhammad
Grimsa Journal of Business and Economics Studies Vol. 3 No. 1 (2026): January 2026
Publisher : Graha Primera Saintifika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61975/gjbes.v3i1.110

Abstract

Indonesia’s youth NEET (Not in Education, Employment, or Training) rate has consistently exceeded 20 percent since 2018, indicating a substantial loss of productive human capital and posing serious socio-economic challenges that require structural policy responses. This study examines the sociodemographic factors associated with NEET status among individuals aged 15–24 in Indonesia, while also investigating the role of socio-digital factors that remain underexplored in existing research. Using data from the 2023 National Labor Force Survey (SAKERNAS) and a sample of 158,816 youth, the analysis employs binary logistic regression to assess the effects of individual characteristics (gender, age, marital status, disability, and education), household characteristics (education and marital status of the household head), and socio-digital factors (technology access and participation in government programs) on the probability of being NEET. The findings demonstrate that NEET status in Indonesia represents a complex and multidimensional problem, with an estimated prevalence of approximately 24.3 percent and strong influences from sociodemographic factors. Higher educational attainment, unmarried status, and prior work experience are associated with a lower likelihood of being NEET, whereas access to information technology and higher educational attainment of the household head are linked to a higher risk. These results underscore the need for an integrated and context-specific policy strategy that combines employment creation, enhancement of vocational education quality, strengthening of digital skills, and family planning initiatives, while accounting for regional disparities.
When Safety Meets the Economy: Mapping Fifty Years of Research on Agricultural Labor, Occupational Health, and Economic Outcomes Fazli, Qalbin Salim; Delya, Mussa Issack; Kihwili, Erick Hironimus; Idroes, Ghalieb Mutig; Wiranatakusuma, Dimas Bagus; Idroes, Ghazi Mauer
Grimsa Journal of Business and Economics Studies Vol. 3 No. 2 (2026): July 2026 (In Press)
Publisher : Graha Primera Saintifika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61975/gjbes.v3i2.111

Abstract

Research on occupational safety in agriculture has expanded substantially over the past decades, yet its economic dimensions remain dispersed across multiple disciplinary traditions. This study aims to map the intellectual structure and thematic development of scholarly work linking agricultural labor, occupational health, and economic outcomes. Using a bibliometric approach, publications indexed in the Scopus database were systematically analyzed covering the period from 1973 to 2026. A total of 1229 peer reviewed articles and reviews were examined using bibliometrix in R and VOSviewer to identify publication trends, influential sources, leading contributors, country collaborations, keyword networks, and thematic patterns. The results reveal a sustained growth in research output, particularly after the mid-2000s, alongside a multidisciplinary publication landscape dominated by environmental, health, and agricultural economics journals. Keyword co-occurrence and thematic analyses indicate that while occupational safety and health constitute a central research focus, economic themes such as productivity, labor, income, sustainability, and policy are increasingly integrated but remain distributed across distinct clusters. This bibliometric evidence highlights the evolving recognition of occupational safety as an economic issue within agricultural systems. The study contributes by consolidating fragmented research streams into a coherent overview, offering insights for economists, policymakers, and researchers interested in labor welfare, productivity, and sustainable agricultural development.

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