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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 9 Documents
 1 
Search results for , issue "Vol. 9 No. 1 (2026)" : 9 Documents clear
Actor Interactions for Circular Economy Implementation in Rural–Urban Interfaces: Evidence from Malang Regency Munda Rahma Dana; Rizky Renuka Avelia; Imam Mukhlis
Efficient: Indonesian Journal of Development Economics Vol. 9 No. 1 (2026)
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/efficient.v9i1.30733

Abstract

This study aims to analyze the role of collaboration between actors in achieving sustainable development goals through the implementation of a circular economy in Karangwidoro Village, Malang Regency, East Java, Indonesia. Malang Regency was chosen because it has representative peri-urban characteristics, with rapid urbanization and coexistence between urban and rural elements. The data used are primary data through in-depth interviews and direct observation. Data collection was carried out from February to March 2025. This study uses MACTOR (Matrix of Alliances and Conflicts, Tactics, and Objectives for Risk Analysis) analysis to analyze among 9 main stakeholders, such as managers, partners, government officials, academics, and local communities. The research findings show that strong collaboration between central actors such as local governments, program managers, and academic institutions is critical to the successful implementation of a circular economy. However, challenges remain, especially with peripheral actors such as local communities, whose involvement tends to be sporadic and dependent on external factors. This study concludes that to ensure the sustainability of the program, collaboration between various existing actors is very important in achieving sustainable development goals through a circular economy, by utilizing synergies between government, society, private sector, and academics.
The Effect of Human Development Index, Foreign Direct Investment, and Technology on Income Inequality in Six Asian Countries Athaullah, Nasywa Anindita; Dwi Darma Puspita Sari; Feny Marissa
Efficient: Indonesian Journal of Development Economics Vol. 9 No. 1 (2026)
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/efficient.v9i1.36679

Abstract

Economic growth usually shows how much a country has grown. The ASEAN-5 which includes Indonesia, Malaysia, Thailand, Singapore, and the Philippines are important for Southeast Asia's economy. This study examines the effect of government spending, gross fixed capital formation, and labor on economic growth in the period 2000–2023 using secondary data from the World Bank. This study applies panel data regression through the Fixed Effects Model (FEM). The findings show that government spending, gross fixed capital formation, and labor have a positive and significant impact on economic growth in the ASEAN-5 countries. Thus, the effectiveness of government spending, optimization of fixed capital investment, and utilization of productive labor are important factors in promoting sustainable economic growth in the region.
A Circular Economy Development Model to Enhance Circularity and Value Capture in Food MSMEs Erna Widijastuti; Sandry Windiharto; Silvia Margaret
Efficient: Indonesian Journal of Development Economics Vol. 9 No. 1 (2026)
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/efficient.v9i1.38589

Abstract

This study aims to analyze the application of the circular economy in micro, small, and medium enterprises (MSMEs) in the food and beverage sector in Central Java Province and formulate an efficient and sustainable ecosystem development model. The research employed an exploratory descriptive method with a case study approach, examining 60 business units across four districts/cities: Semarang, Semarang Regency, Kendal, and Kudus. The analysis was conducted using a circular economy calculator to measure four key indicators: circularity, value capture, recycled content, and reuse index. The results showed that the circularity level in food MSMEs was still low, with 75.5% of respondents falling within the range of 1-5%. Most of the value capture, recycling content, and reuse index scores were also below 1%. This condition reflects the limitations of knowledge, access to technology, and the availability of adequate waste management infrastructure.
Internal and External Determinants of Village Own-Source Revenue: Evidence from 30 Villages in North Tasikmalaya Surgawati, Iis; Dodi Tirtana; Hayati, Jurni; Sukarso, Aso
Efficient: Indonesian Journal of Development Economics Vol. 9 No. 1 (2026)
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/efficient.v9i1.39146

Abstract

This study aims to determine and identify internal and external factors that affect village revenue with a case study of North Tasikmalaya including Sukaratu, Cisayong, Sukahening, Rajapolah, Jamanis, Ciawi, Sukaresik, Pagerangeung, and Kadipaten sub-districts. The method used in this research is a quantitative approach to primary data with data collection techniques using questionnaires. This research sampling technique uses Proportionate Stratified Random Sampling. The data analysis method uses the Structure Equation Model-Partial Least Square (SEM-PLS) through 3 analyses: outer model, inner model, and hypothesis testing. The results showed that human resource capacity and government policy significantly influenced village revenue. Meanwhile, community participation, accessibility, and infrastructure do not influence village revenue. The lack of community participation is due to the community's indifference in advancing the village. Accessibility and infrastructure are also strategic issues that not all villages have adequate access and infrastructure so that regional economic development is not optimal.
The Dynamics of Population Aging and Public Health Expenditure on Economic Growth: An Empirical Study in the Asia-Pacific Region Puspita Rahayu, Rahma; Nurfitriana Nihayah, Annis
Efficient: Indonesian Journal of Development Economics Vol. 9 No. 1 (2026)
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/efficient.v9i1.39799

Abstract

In recent years, empirical studies on population aging have gained significant attention as it has become a major global issue facing both developed and developing countries. Population aging has the potential to exert adverse effects by decreasing labor force participation and productivity among the elderly, as well as causing imbalances between savings and investment that may lead to economic stagnation. Meanwhile, good health plays a crucial role in enhancing human resource quality and economic productivity. The objective of this empirical study is to explore the relationship between population aging, public health expenditure, and economic growth. Utilizing a panel data regression model, this study analyzes data from 30 countries in the Asia-Pacific region over the 2008–2022 period. Based on secondary data sourced from the World Bank, the estimation results clearly demonstrate that population aging is detrimental to a country's economic growth, whereas public health expenditure yields a significant positive impact on economic growth in the Asia-Pacific region. This research is expected to serve as a reference for policymakers in designing strategies to enhance national resilience in facing demographic structural changes.
The Effect of Regional Fiscal Capacity and Capital Expenditure on Economic Growth in Central Java Province Susiani, Diah; Nurul Hanifa
Efficient: Indonesian Journal of Development Economics Vol. 9 No. 1 (2026)
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/efficient.v9i1.40174

Abstract

This study will review the outcome of the fiscal policies and capital expenditure of the region on economic growth on Central Java Province in the 2021-2024 period. In panel data regression analysis performed with EViews 12 using quantitative approach. The findings indicate that regional retribution and capital expenditure have a positive as well as significant influence to the economic growth whereas the same is not true of the regional tax. This analysis shedding light on the fact that long term economic growth is possible by making good fiscal management and a specific focus on investment by the government. In practice, the results offer some strategic information to policymakers that can improve regional financial autonomy, and efficiency of capital expenditure and inclusion and sustainability of regional development.
The Role of Higher Education in Driving Innovation and Economic Growth: Literature Review Saringatun Mudrikah; Muhammad Sabandi; Lukman Hakim
Efficient: Indonesian Journal of Development Economics Vol. 9 No. 1 (2026)
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/efficient.v9i1.40588

Abstract

Higher education is a primary pillar of modern economic development, playing a crucial role in knowledge development, human capital formation, and innovation creation. In a knowledge-based economy, universities function not only as educational institutions but also hold a strategic role in research, technological innovation, and cross-sector collaboration through models such as the Multi-Helix. This study employs a Systematic Literature Review (SLR) approach and bibliometric analysis using the PRISMA method on 128 Scopus-indexed articles from the 2015–2025 period. The analysis was conducted to map publication trends, geographical distribution, collaboration networks, and key research themes using VOSviewer software. The results indicate that publication trends increased significantly after 2022, reaching a peak in 2024, with dominant contributions from European countries, particularly the United Kingdom, as well as China, Italy, and Spain. Central themes dominating the literature include "economic growth" and "innovation," which are linked through mechanisms of human capital, academic entrepreneurship, technology transfer, and the development of innovation ecosystems. Higher education plays a strategic role in driving innovation and economic growth by strengthening university innovation capacity, fostering cross-actor collaboration, developing entrepreneurial ecosystems, and improving the quality and distribution of human capital. However, these contributions are highly dependent on the regional context, institutional governance, integration with public policy, and the ability to effectively measure and manage the impact of innovation.
Analysis of Factors Influencing Regional Financial Independence in Regencies/Cities in Yogyakarta Indriati, Faustina Raissa; Nihayah, Annis Nurfitriana
Efficient: Indonesian Journal of Development Economics Vol. 9 No. 1 (2026)
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/efficient.v9i1.40670

Abstract

This study aims to determine the factors influencing regional financial independence in regencies/cities in the Special Region of Yogyakarta Province. This study uses panel data regression analysis which is a combination of cross-sectoral data from 5 regencies/cities in the Special Region of Yogyakarta Province and time series data from 2014-2024. The results of this study indicate that special funds, regional revenues, and special allocation funds have a significant positive influence on regional financial independence. Meanwhile, general allocation funds have a negative but insignificant influence on regional financial independence in regencies/cities in the Special Region of Yogyakarta Province. Regional financial independence can be improved by optimizing regional revenues and utilizing specific and asymmetric fiscal transfers so as not to rely on transfer funds that tend not to encourage regional financial independence.
Analysis of Monetary and Fiscal Policies on Economic Growth Sihite, Lestari; Yosie Gabriela Panjaitan; Ayu Angelina Pasaribu; Sutejo Perangin Angin; Herry Daniel Laurent Marpaung
Efficient: Indonesian Journal of Development Economics Vol. 9 No. 1 (2026)
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/efficient.v9i1.40810

Abstract

This paper examines the effect of the combination of monetary and fiscal policies on economic growth in North Sumatera Province using time series data for the period 2010-2024. The analysis was conducted using VAR method and forecasting. The result show that local government spending and Local Own-Source Revenue contribute positively and significantly to economic growth. Conversely, inflation has a negative and significant impact on economic growth. These findings confirm that local fiscal instruments are the main drivers of the economy. On the other hand, General Allocation Funds and the BI Rate are not proven to have a significant effect on economic growth. No flypaper effect was found, because Local Own-Source Revenue plays a greater role in driving RGDP than General Allocation Funds, indicating that North Sumatra's economic performance is more supported by its internal potential. For the Policy Mix, a combination of expansive and productive fiscal policies with stable and accommodative monetary policies is most effective. While local governments support growth, BI stabilizes and provides a favorable economic environment.

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