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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 36 Documents
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Gender Inequality and Economic Growth in Aceh: Evidence from Panel Data Analysis M. Saleh; Suriani Suriani; M. Shabri Abd. Majid
Grimsa Journal of Business and Economics Studies Vol. 3 No. 2 (2026): July 2026
Publisher : Graha Primera Saintifika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61975/gjbes.v3i2.121

Abstract

This study examines the impact of gender inequality on economic growth in Aceh Province, Indonesia, where persistent gender disparities may hinder regional economic performance by limiting human capital development and economic participation. Despite increasing attention to gender issues in Indonesia, empirical evidence for Aceh remains limited. Using panel data from 23 districts/cities in Aceh Province during 2018-2025, this study employs a random effects model to analyze the effect of the Gender Inequality Index on economic growth. The analysis also incorporates control variables, including the open unemployment rate, labor force participation rate, and human development index. The empirical findings reveal that gender inequality has a negative and statistically significant effect on economic growth in Aceh, indicating that higher levels of gender inequality tend to reduce regional economic performance. These findings imply that reducing gender inequality is essential for achieving sustainable and inclusive economic growth. Therefore, policymakers should strengthen gender-inclusive development policies, expand women’s access to education and employment opportunities, and encourage greater female participation in economic activities to support long-term regional development.
Revisiting the Growth-Human Development-Poverty Nexus in Banda Aceh: Evidence from 2000 to 2024 Talbani Farlian; M. Shabri Abd. Majid; Suriani Suriani; Meutia Handayani; M. Fatahul Dzakwan
Grimsa Journal of Business and Economics Studies Vol. 3 No. 2 (2026): July 2026
Publisher : Graha Primera Saintifika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61975/gjbes.v3i2.123

Abstract

This study revisits the relationship among regional economic welfare, human development, and poverty in Banda Aceh City, Indonesia, over the period 2000-2024. Poverty is specified as the dependent variable, while Gross Regional Domestic Product (GRDP) per capita and the Human Development Index (HDI) are specified as the independent variables. The study is situated within the growth-poverty, human development, and inclusive growth literature and is motivated by the substantial structural transformation experienced by Banda Aceh following the 2004 tsunami, post-disaster reconstruction, service-sector expansion, and post-pandemic recovery. Using annual secondary data obtained from official statistical publications and multiple linear regression analysis, the findings indicate that GRDP per capita has a positive and statistically significant association with poverty, whereas HDI has a negative and statistically significant association with poverty. The positive GRDP-poverty relationship suggests that rising average regional income has not automatically translated into pro-poor outcomes, possibly because the benefits of economic growth have been unevenly distributed or concentrated in sectors with limited absorption of low-income labor. Conversely, the negative HDI-poverty relationship underscores the importance of human capital, health, education, and welfare-enhancing capabilities in reducing poverty. This study contributes city-level evidence from Aceh and highlights the need to shift the policy emphasis from aggregate output expansion toward inclusive, labor-absorbing, and human development-oriented growth.
Sectoral Economic Mapping and Structural Transformation in the BASAJAN Corridor: A Spatial Policy Matrix Approach Andri Suriansyah; Suriani Suriani; M. Shabri Abd. Majid
Grimsa Journal of Business and Economics Studies Vol. 3 No. 2 (2026): July 2026
Publisher : Graha Primera Saintifika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61975/gjbes.v3i2.122

Abstract

Post-pandemic fiscal constraints within the BASAJAN (Banda Aceh, Sabang, and Jantho, Aceh Besar) economic corridor require precise, evidence-based policies to prevent inefficient public investment. This study maps sectoral economic structures and structural transformation to develop a spatial policy matrix for identifying priority sectors. Using constant-price Gross Regional Domestic Product (GRDP) data for the period 2019–2024 across 17 economic sectors, the study integrates the Location Quotient (LQ) and Sectoral Klassen Typology analyses. This approach produces a four-quadrant policy matrix comprising Prime Mainstay, Sustaining Mainstay, Potential, and Lagging Sectors. The empirical findings reveal a highly complementary spatial division of labor across the corridor. Banda Aceh functions as the primary tertiary agglomeration center for services and finance, Sabang exhibits strong specialization in maritime tourism, and Aceh Besar serves as the principal hinterland supporting food security and manufacturing. The findings indicate that a uniform development strategy across the BASAJAN corridor is unlikely to be effective. Therefore, local planning agencies (Bappeda) should prioritize fiscal allocations toward their respective Prime Mainstay Sectors. Furthermore, greater integration of Regional Spatial Planning (RTRW) across jurisdictions is essential to strengthen interconnected regional supply chains within the BASAJAN corridor.
The Effect of Global Oil Prices and Monetary Variables on Inflation in Indonesia Kayla Khairinnisa Junaidi; Rustam Effendi; Muhammad Nasir
Grimsa Journal of Business and Economics Studies Vol. 3 No. 2 (2026): July 2026
Publisher : Graha Primera Saintifika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61975/gjbes.v3i2.129

Abstract

This study aims to analyze the effects of global oil prices, interest rates, and exchange rates on inflation in Indonesia in both the long and short run. Inflation is one of the main indicators of macroeconomic stability, making it important to understand the factors that influence its movements. Such an understanding can assist policymakers in formulating appropriate policies to maintain price stability in Indonesia. This study uses secondary time-series data in the form of monthly observations covering the period from 2015 to 2024, comprising 120 observations. The Error Correction Model (ECM) is employed as the analytical method. The long-run estimation results indicate that global oil prices and interest rates have a positive and significant effect on inflation, while the exchange rate has a negative and significant effect on inflation in Indonesia. In the short run, only the interest rate has a positive and significant effect on inflation, whereas global oil prices and the exchange rate do not have a significant effect. The Error Correction Term (ECT) coefficient of -0.1015, with a probability value of 0.0049, indicates a statistically significant adjustment toward the long-run equilibrium. Overall, the findings suggest that global oil prices, interest rates, and exchange rates play important roles in influencing inflation in Indonesia. Therefore, appropriate monetary policies, including prudent adjustments to interest rates, are necessary to maintain price stability.
The Effect of Village Funds on Economic Growth in Aceh Province Suzanna Suzanna; Sofyan Syahnur; Muhammad Nasir
Grimsa Journal of Business and Economics Studies Vol. 4 No. 1 (2027): January 2027 (In Press)
Publisher : Graha Primera Saintifika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61975/gjbes.v4i1.133

Abstract

Village Funds are a fiscal policy instrument designed to promote local development and stimulate economic growth through various categories of village expenditure. However, their effectiveness in fostering economic growth and the mediating role of the Human Development Index (HDI) remain insufficiently explored in Aceh Province, Indonesia. This study examines the effects of Village Fund expenditures on village governance, village development, community development, community empowerment, and disaster management on the HDI and economic growth. It also investigates the mediating role of the HDI in the relationship between Village Fund expenditures and economic growth. Using panel data from 23 regencies and municipalities in Aceh Province over the period 2015–2024, this study employs panel data regression using the Random Effects Model (REM), followed by the Sobel test to assess the mediation effect. The empirical findings indicate that expenditures on village governance, community development, community empowerment, and disaster management have significant positive effects on the HDI. However, the HDI does not have a significant effect on economic growth and does not mediate the relationship between Village Fund expenditures and economic growth. These findings suggest that Village Funds may contribute to economic growth primarily through direct channels, particularly expenditures on community development and community empowerment. Therefore, Village Fund management should prioritize productive investment programs that enhance community capacity, strengthen local economic resilience, and support sustainable local development.
The Effects of Manufacturing and Trade Sector Performance, Investment, and Minimum Wages on Open Unemployment in Indonesia Muhammad Ichsan Maulana; Taufiq C. Dawood; Muhammad Abrar
Grimsa Journal of Business and Economics Studies Vol. 4 No. 1 (2027): January 2027 (In Press)
Publisher : Graha Primera Saintifika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61975/gjbes.v4i1.138

Abstract

This study is motivated by the persistently high open unemployment rate (TPT) in Indonesia, which remains a significant labor market challenge despite continuous economic growth. This study examines how sectoral economic performance, investment, minimum wage policies, and demographic factors influence unemployment dynamics across Indonesian provinces. Specifically, this study aims to analyze the effects of Gross Regional Domestic Product (GRDP) and realized investment in the manufacturing and trade sectors, Provincial Minimum Wage (UMP), and population size on the Open Unemployment Rate in Indonesia. This study employs a quantitative approach using secondary panel data covering 34 provinces in Indonesia during the period 2010–2024. The analytical method applied is panel data regression, with the Fixed Effects Model (FEM) selected as the most appropriate estimation model based on model specification tests. The results indicate that all independent variables jointly have a significant effect on the Open Unemployment Rate, with the model explaining 66% of the variation in unemployment levels. Individually, manufacturing sector Gross Regional Domestic Product (GRDP) has a positive and significant effect on the Open Unemployment Rate, whereas realized investment in the manufacturing sector and the Provincial Minimum Wage have negative and significant effects. Meanwhile, trade sector GRDP, realized investment in the trade sector, and population size do not exhibit statistically significant effects. These findings suggest that manufacturing sector performance, manufacturing investment, and minimum wage policies play important roles in shaping unemployment dynamics, although their effects differ in direction. Therefore, employment policies should prioritize labor-absorbing investment, enhance productivity in the manufacturing sector, and ensure that economic growth is accompanied by the creation of quality employment opportunities while maintaining an appropriate balance between wage policies and labor market conditions.

Page 4 of 4 | Total Record : 36

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