cover
Contact Name
-
Contact Email
efficient@mail.unnes.ac.id
Phone
-
Journal Mail Official
efficient@mail.unnes.ac.id
Editorial Address
FEB UNNES Sekaran Gunungpati Semarang 50229, Indonesia
Location
Kota semarang,
Jawa tengah
INDONESIA
Efficient: Indonesian Journal of Development Economics
ISSN : 26556197     EISSN : 2655318X     DOI : -
Core Subject : Economy,
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.
Articles 79 Documents
Sustainable Development Based on SDGs: Assessment on Blue Economy Potential in Labuang, Majene Irawati; Riana Anggraeny Ridwan; Futri Ayu Wulandari; Dian Rahmayanti Rivai; Nur Ariyandani; Rahmat Ghazali
Efficient: Indonesian Journal of Development Economics Vol. 8 No. 3 (2025)
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/efficient.v8i3.33156

Abstract

The degradation of marine ecosystems and the underutilization of coastal resources have become major challenges in achieving sustainable economic growth in many coastal regions of Indonesia. Labuang Village in Majene Regency, which possesses abundant marine and coastal resources, faces similar issues related to limited resource optimization and weak institutional support. This research seeks to evaluate the Blue Economy potential of Labuang Village within the context of Embedded Sustainability, and the Sustainable Development Goals. This qualitative research was conducted employing a case study approach with five purposive participants to represent the primary stakeholders: fishermen, seaweed ranchers, village administration, and community leaders. Data were inquired through in-depth interviews, field observations, and document reviews, and were subsequently analyzed using NVivo to code by thematic analysis. The results of the research indicate that Labuang Village has significant potential in capture fishery, seaweed farming, and marine tourism, which impacts the attainment of SDG 1 (No Poverty), SDG 8 (Decent Work and Economic Growth), and SDG 14 (Life Under Water). However, the potential remains dormant, as there is a glaring absence of infrastructure, funding, and technology. A triadic alliance of the state, community, and business actors is thus mandated to fully harness the potential of the region's Blue Economy.
The Effect of Government Expenditure, Fixed Capital Investment, and Labor on Economic Growth in ASEAN-5 Countries Ramadhani, Inaya Nabilla; Dwi Darma Puspita Sari; M. Subardin
Efficient: Indonesian Journal of Development Economics Vol. 8 No. 3 (2025)
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/efficient.v8i3.34806

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.
Analysis of The Effect of Food Commodity Price Changes on Inflation in Central Java Azzahra Tribuana Alim; Sucihatiningsih Dian Wisika Prajanti
Efficient: Indonesian Journal of Development Economics Vol. 8 No. 3 (2025)
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/efficient.v8i3.34838

Abstract

Commodity price movements have a significant impact on regional economic stability, especially in terms of inflation. In Central Java Province, fluctuations in the prices of rice, shallots, curly red chilies, red cayenne peppers, and cooking oil are the main causes of inflation. This phenomenon requires a more in-depth examination of the relationship between price fluctuations and inflation. This means that studies at the regional level are still limited. The purpose of this study is to analyze the impact of commodity price changes on inflation in Central Java. The data used is from 2021 to 2025 using the Autoregressive Distributed Lag (ARDL) - Error Correction Model (ECM) method. The data used is monthly secondary data obtained from the Central Statistics Agency (BPS) and the National Food Agency. The estimation results show that in the short term, the variables of curly red chili price, previous period curly red chili price, previous period rice price, and previous period cooking oil price have a significant effect on inflation, while in the long term, curly red chili price has a positive effect and rice price has a negative effect on inflation in Central Java. The CointEq(-1) coefficient, which has a value of -0.106705 and is significant, indicates the existence of a correction mechanism towards long-term equilibrium. This value suggests that around 10.67% of the deviation of inflation from its equilibrium in the previous period is adjusted or corrected during the current period.
Monetary Instruments Against the Indonesian Sharia Stock Index: Moderation in Gross Domestic Product Fitrianingsih, Dwi; Fafurida
Efficient: Indonesian Journal of Development Economics Vol. 8 No. 3 (2025)
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/efficient.v8i3.29533

Abstract

The Indonesian Sharia Stock Index (ISSI) is an indicator that represents the price performance of all sharia-compliant stocks listed on the Indonesia Stock Exchange (IDX). Over the past three years, ISSI capitalization has experienced significant growth. However, this development is still influenced by the dynamics of external factors, particularly macroeconomic variables such as inflation, the IDR exchange rate, and the BI 7-Day Reverse Repo Rate (BI 7-Day RR). The purpose of this study is to analyze the effect of inflation, the IDR exchange rate, and the BI 7-Day RR on the ISSI and to examine the role of GDP in moderating this relationship. The study uses a quantitative associative approach with Indonesian time series data for the 2021–2023 period. Analysis techniques include classical assumption testing, multiple linear regression with a Moderated Regression Analysis (MRA) approach, and hypothesis testing. The results indicate that inflation has no significant effect on the ISSI. Conversely, the IDR exchange rate and the BI 7-Day RR were shown to have a significant effect on the ISSI. Other findings indicate that GDP strengthens the influence of the IDR exchange rate and the BI 7-Day RR on the ISSI, but does not moderate the relationship between inflation and the ISSI.
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.
Dynamics of Monetary Freedom, Labour, and FDI in Indonesia: A VECM Analysis Komarlina, Dwi Hastuti Lestari; Susilo, Ignatia Bintang Filia Dei; Ramadhan, Rifky Wahyu; Hamzah, Risna Amalia; Bayanudin, Rahma Putri; Fatin, Sausan
Efficient: Indonesian Journal of Development Economics Vol. 8 No. 3 (2025)
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/efficient.v8i3.34013

Abstract

The research outlined here was directed by the Vector Error Correction Model (VECM) in its investigation of the connection between monetary freedom, labor market, and foreign direct investment in Indonesia. Historical time series data have been used in the model and diagnostic tests employed to ensure the validity and reliability of the results. The cointegration test confirms the cointegration of all variables which reflects the presence of linkages both in the short run and long run. This research contributes to the understanding of monetary freedom, labor market dynamics, and foreign direct investment in Indonesia through a better comprehension of their economic interrelationships.
Exploring the Economic Potential of The Region: Spatial Analysis of Key Sectors for Food Security in Lampung Resha Moniyana Putri; Andrian, Thomas; Purwaningsih, Vitriyani Tri; Irham, Ahmad Rowatul; Fauzi, Arya Radinsyah; Rozak, M. Ikhsan Nur; Lissa, Nur
Efficient: Indonesian Journal of Development Economics Vol. 8 No. 3 (2025)
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/efficient.v8i3.34050

Abstract

Food security is a strategic issue and a priority for national development in Indonesia, particularly in provinces with significant agricultural potential such as Lampung. This study aims to identify leading and potential sectors that contribute to strengthening food security by applying Location Quotient (LQ), Growth Ratio Model (GRM), Overlay Analysis, and Spatial Analysis. The LQ results indicate seven basic sectors, including food crops, agricultural services, livestock, fisheries, plantations, horticulture, and the food and beverage industry. Further analysis through GRM and Overlay shows that livestock and the food and beverage industry are categorized as leading sectors, while food crops, agricultural services, fisheries, plantations, and horticulture are identified as potential sectors. Spatial analysis highlights Central Lampung, East Lampung, South Lampung, Tulang Bawang, and North Lampung as key regions with sectoral specialization, supported by natural resources, infrastructure, and industrial networks. The findings demonstrate that Lampung Province plays a vital role as a national food barn, but challenges remain, including land conversion, productivity disparities, and post-harvest management. Therefore, integrated policies that combine sectoral revitalization, spatial planning, and sustainable management are required. This research provides a comprehensive foundation for formulating regional economic development strategies to enhance food security resilience in Lampung Province.
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.
Impact of Digital Technology Access and Structural Factors on Women’s Labor Force Participation in Indonesia Riski Aprilianti Baharuddin; Retno Fitrianti; Rhena J
Efficient: Indonesian Journal of Development Economics Vol. 8 No. 3 (2025)
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/efficient.v8i3.38144

Abstract

This study examines the effects of digital technology access, gender equality, regional economic development, and minimum wage policy on women’s labor force participation in Indonesia. Using an annual provincial panel data set for the period 2015-2024 (t = 10), yielding 340 annual observations, the analysis applies a dynamic panel regression based on an Error Correction Model to distinguish long-run relationships from short-run dynamics. The results confirm a long-run relationship between digitalization, the gender development index, gross regional domestic product per capita, the provincial minimum wage, and women’s labor force participation. In the long run, the gender development index, gross regional domestic product per capita, and the provincial minimum wage have positive and statistically significant effects on women’s participation, while digitalization has a positive but not yet significant effect. In the short run, changes in digitalization, the gender development index, and gross regional domestic product per capita positively and significantly affect changes in women’s labor force participation, whereas changes in the provincial minimum wage are not significant. These findings suggest that digitalization mainly acts as a short-run opportunity trigger, while progress in gender equality, rising regional prosperity, and an adequate minimum wage function as key structural determinants of stronger women’s labor force participation in the digital economy.
Socioeconomic Determinants and Their Interactions in Shaping Improved Sanitation Access in Indonesia Gentur Jalunggono; Fitrah Sari Islami; Dinar Melani Hutajulu
Efficient: Indonesian Journal of Development Economics Vol. 8 No. 3 (2025)
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/efficient.v8i3.38386

Abstract

Access to adequate sanitation facilities is a key agenda in Sustainable Development Goal (SDG) 6, but is still an urgent development issue in Indonesia. The equitable distribution of sanitation services between regions has not been fully achieved due to strong regional disparities, high levels of poverty, and ongoing socio-economic inequality. This study aims to analyze the socio-economic determinants that affect the level of community access to adequate sanitation facilities in Indonesia. The quantitative approach was used through regression analysis of panel data at the provincial level during the 2019-2023 period, utilizing secondary data sourced from the Central Statistics Agency (BPS) and the World Bank. The dependent variable in this study is the proportion of households that have access to proper sanitation facilities. Meanwhile, Gross Regional Domestic Product (GRDP), Gini ratio, poverty rate, and life expectancy are used as independent variables that represent the economic condition of the region, income distribution, social vulnerability, and the level of welfare of the population. The results show that the increase in regional GRDP has a positive and significant effect on sanitation access. Life expectancy also positively related to the availability of good sanitation. On the contrary, higher income inequality and a large prevalence of poverty have been shown to decrease people's chances of obtaining proper sanitation services.