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Efficient: Indonesian Journal of Development Economics
Published by Universitas Negeri Semarang
ISSN : 26556197     EISSN : 2655318X     DOI : -
Core Subject : Economy,
Economics, Econometrics & Finance
Efficient Journal is a journal base on the economics and development studies. This journal publishes a research paper related to specific themes such as macro economics, small and medium enterprises, public policy, monetary economics, development studies, international economics, trade economics, agriculture economics, tourism, regional and finance economy, and related studies within economics and development.
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekomomi dan Ekonometrika
Articles 10 Documents
 1 
Search results for , issue "Vol. 8 No. 1 (2025)" : 10 Documents clear
Economic Impact of Climate Smart Agriculture Practices: A Social Accounting Matrix (SAM) Analysis Novitasari, Eka; Hartono, Djoni
Efficient: Indonesian Journal of Development Economics Vol. 8 No. 1 (2025)
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/efficient.v8i1.11340

Abstract

This research was driven by climate change, which impacted the Indonesian economy. Climate Smart Agriculture (CSA) was selected to mitigate climate change while also potentially benefiting the economy. This study is to explore the economic impacts of CSA practices on rice, coffee, maize and sugarcane.  The SAM approach was selected due to its ability in providing comprehensive and in-depth analysis, emphassing the significance of employment, household, and social institutions in the economy. Additionally, it incorporates transactions and transfers between institutions that are relevant to income distribution (Morales, 2024). Nine scenarios with an implementation level of 18 and a successful rate of 80%, were chosen to demonstrate the potential for increasing sectoral income, labour income, household income, value added and employment. The findings indicate that CSA has the potential to present positive impact on the economy, thus the government is encouraged to implement CSA practices in various regions of Indonesia.
Preferences for Japanese Baby Powdered Milk in Vietnam: Choice Experiment and Structural Equation Modelling Approaches Dinh, Linh Dieu; Lee, Brice Tseen Fu
Efficient: Indonesian Journal of Development Economics Vol. 8 No. 1 (2025)
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/efficient.v8i1.11128

Abstract

The Vietnamese market has seen a growing influx of Japanese baby powdered milk. This study investigates key product attributesthat influence Vietnamese consumers’ purchase intentions and the impact of Japanese brand origin compared to domestic and other imported brands. Although consumer behavior studies exist, research on Japanese baby powdered milk in Vietnam is limited. Data from 109 social media responses were analyzed using a Choice Experiment and Structural Equation Modeling. Results reveal that Vietnamese parents show a strong preference for Japanese brands due to attributes such as nutrition labels and safety certificates, which significantly affect purchase decisions. Price sensitivity is also observed but is less critical comparedto safety and nutritional value. This study highlights the importance of leveraging brand origin in marketing strategies for Japanese companies targeting Vietnam. Future research should explore additional attributes, such as flavor and health benefits, and examine the roleof ethnocentrism in consumer preferences.
Analysis of Carbon Emissions in ASEAN Manufacturing: Input-Output and Panel Data Approach Sandi, Imella Mendita; Abioga, Naufal Raffie; Aditya, Randy Daffa; Sabrina, Rizka; Kartiasih, Fitri
Efficient: Indonesian Journal of Development Economics Vol. 8 No. 1 (2025)
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/efficient.v8i1.14301

Abstract

This research aims to identify the leading sectors in four ASEAN countries and analyze the influence of production in these sectors and the consumption of renewable energy on carbon dioxide emissions in these countries. The analytical methods used include the analysis of inter-sector linkages and identifying leading sectors using input-output tables, followed by further analysis with panel data regression. The results indicate that while the leading sectors vary among the four countries, the manufacturing sector predominantly leads. Additionally, GDP in the manufacturing sector and renewable energy consumption significantly affect carbon dioxide emissions in the four ASEAN countries
Income's Role in Mediating Consumption, Education, and Credit Effects on Household Savings Efriyani Sumastuti; Nuswantoro Setyadi Pradono
Efficient: Indonesian Journal of Development Economics Vol. 8 No. 1 (2025)
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/efficient.v8i1.16034

Abstract

This study aims to investigate the mediating role of income in the effects of consumption, education, and credit on household savings among business actors in Indonesia. Using a sample of 170 business owners, data were collected through structured questionnaires covering variables such as monthly consumption, education level, credit usage, income, and household savings. Structural Equation Modeling (SEM) was employed to analyze the data using JASP software, allowing for both direct and indirect effects to be assessed. The results indicate that consumption positively affects both income and household savings, suggesting that increased spending among business actors reflects higher income levels that enable greater saving. Education also positively influences household savings by enhancing financial literacy, though it does not directly increase income. Conversely, higher credit usage is associated with reduced income and household savings, highlighting the financial burden imposed by debt repayment. Income is shown to be a significant mediator in the relationships between consumption, credit, and household savings but does not mediate the effect of education. These findings underscore the importance of financial literacy and responsible credit use in enhancing savings among business actors. The study offers insights for policymakers to promote financial stability and prudent financial behavior
Determinant of Stock Prices for Nickel Companies in Indonesia Puspitawati, Eka; Rozi, Fakhrur; Alamsyah, Muhammad Royhan
Efficient: Indonesian Journal of Development Economics Vol. 8 No. 1 (2025)
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/efficient.v8i1.19353

Abstract

Nowadays, nickel is an important component of batteries which is a very profitable subsector. The increasing public interest in electric vehicles and renewable energy is one of the causes of the high demand for nickel for electric vehicles and increasing attention for public companies of nickel processing. This study’s objective is to analyze factors determining the stock prices of nickel companies registered on the Indonesia Stock Exchange (IDX). The tested factors include Total Asset Turnover Ratio (TATO), Return on Equity (ROE), Net Profit Margin (NPM), Debt to Equity Ratio (DER), and Price to Earning Ration (PER), Price to Book Value (PBV), and Earning per Share (EPS). This research applies data of 3 Indonesian nickel companies from q12014 to q32022, and applies a method of panel data. Findings of this study reveal that ROE, DER, PBV, and EPS have impacts significantly on the stock prices of Indonesian nickel companies. Indonesian nickel companies are suggested to investing smelters in order to optimize the added value of nickel commodities and follow the downstream policy.
Empowering Local Economies: A Comprehensive Study on Leading Products in Pemalang Regency Setiawan, Avi Budi; Mochammad Yusuf; Syaiful Amin; Wahyu Ananda Putri
Efficient: Indonesian Journal of Development Economics Vol. 8 No. 1 (2025)
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/efficient.v8i1.16352

Abstract

The economic development of Pemalang Regency holds significant potential, given its abundant natural resources and cultural heritage. However, the region faces challenges in optimizing these assets to reduce inequality and foster inclusive growth. Identifying leading sectors and superior products is crucial for promoting sustainable economic transformation. This study employs Location Quotient (LQ), Shift Share (SS), Klassen Typology, and statistic descriptive analysis to assess sectoral performance and prioritize economic development strategies. Data collection involved purposive sampling across all subdistricts, ensuring representativeness and balanced insights. Findings reveal that agriculture, forestry, fisheries, and the financial sector are advanced and fast-growing, while several sectors such as transportation and warehousing are developed but under pressure. Notable products include honey pineaple, coffee, milkfish, textiles, and processed foods, which demonstrate significant growth potential when supported by targeted investments and strategic marketing. It is recommended that policymakers focus on developing infrastructure, fostering innovation, and enhancing human capital to strengthen these key sectors. Furthermore, promoting digital marketing and facilitating partnerships can expand market access and enhance competitiveness, ensuring Pemalang's economic sustainability in the long term.
Water and Sanitation Access: An Analysis of Households in Indonesia Sebayang, Lesta Karolina; Diana Sapha; Rokhmad Hidayat
Efficient: Indonesian Journal of Development Economics Vol. 8 No. 1 (2025)
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/efficient.v8i1.16376

Abstract

Water and sanitation are critical components in achieving the SDGs. In Indonesia, poor water quality and sanitation have been the primary causes of diarrheal illnesses, resulting in high child death rates. This research investigates the extent to which a community's socioeconomic and demographic characteristics influence the adoption of water and sanitation facilities. Using the logit model analysis method, the data used is from an IFLS5 survey of 14,827 households. The findings indicate that sanitation improvements are linked to household expenditure and toilet use, but piped water availability is related to education and water source location. However, expenditure has no significant effect on the transition from non-piped to piped water sources. Limited access to clean drinking water and sanitation services can pose health risks to the community, socioeconomic status, and the environment. The study provides policy recommendations to expand the coverage of clean water and sanitation services to the community for better household health in Indonesia.
Assessing Public Service Level: Evidence from Ngawi Regency In 2024 Cahyadin, Malik; Mafruhah, Izza; Ismoyowati, Dewi; Hasana, Nurul; Istiqomah, Nurul
Efficient: Indonesian Journal of Development Economics Vol. 8 No. 1 (2025)
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/efficient.v8i1.20118

Abstract

Public service measurement constitutes a follow-up to the Regulation of the Minister of State Apparatus Empowerment and Bureaucratic Reform of the Republic of Indonesia Number 14 of 2017, serving as a metric for evaluating public performance and the governance thereof. The present study employs a multifaceted approach to assess the quality of public services in Ngawi Regency during the year 2024, utilising a combination of index and analytic hierarchy process methodologies. The respondent was set using purposive sampling method covers 500 individuals and 13 local apparatuses of Ngawi Regency. The findings reveal that the indexes of public service in public service malls at the regency and sub-district levels were 83.33 and 82.59 respectively. The priority factor values that constitute public service in sequence are as follows: reliability (0.206), tangibility (0.179), empathy (0.165), assurance (0.154), responsiveness (0.152), and general (0.144). Consequently, the Ngawi Regency Government can leverage online services to enhance public services and prioritise the factors contributing to the public service index.
Testing the Environmental Kuznets Curve Hypothesis Test: A Case Study of BRICS Countries Prabaswati, Vera Candra; Putri, Phany Ineke
Efficient: Indonesian Journal of Development Economics Vol. 8 No. 1 (2025)
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/efficient.v8i1.4616

Abstract

The world's environmental crisis is a growing concern. Carbon dioxide is the most dominant greenhouse gas causing major climate change and global warming through human activities, including economic activities. This study aims to test the EKC theory in BRICS and the independent variables of exports, Foreign Direct Investment (FDI), and renewable energy consumption. Research method using the Pooled Mean Group method ARDL (1990-2022). The results show that the EKC hypothesis is proven in BRICS and forms an inverted U curve in the long run. Export has a positive effect in the long run. FDI has a positive effect in the long run. Energy consumption has a negative in the long run.
The Relevance of Energy Consumption and Economic Growth Indicators to Anthropogenic Disasters Sofyan Maftuahnan
Efficient: Indonesian Journal of Development Economics Vol. 8 No. 1 (2025)
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/efficient.v8i1.11721

Abstract

This study aims to analyze the effects of GDP per capita, Foreign Direct Investment (FDI), primary energy consumption per capita, and electricity consumption per capita on carbon emissions in Indonesia, both in the short and long term, during the period from 1974 to 2022. The data for this study were obtained from the World Bank, Enerdata, the Ministry of Energy and Mineral Resources, and Our World in Data. The Error Correction Model (ECM) was employed to address empirical questions regarding the long-term and short-term relationships among the research variables. The findings indicate that GDP per capita has a positive but not significant impact on carbon emissions in both the short and long term. Moreover, FDI shows a positive and significant relationship with carbon emissions in the long term but does not exhibit a significant relationship in the short term. These results also highlight the negative impact of FDI, proving the occurrence of the pollution haven hypothesis in Indonesia. On the other hand, both primary energy consumption per capita and electricity consumption per capita show a positive and significant correlation with carbon emissions in both the short and long term.

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