cover
Contact Name
Nur Azisah
Contact Email
jegarprofessorline@gmail.com
Phone
+6285298727078
Journal Mail Official
jegarprofessorline@gmail.com
Editorial Address
Jl. Dg. Ngadde Raya, Parangtambung, Makassar, Sulawesi Selatan, Indonesia
Location
Kota makassar,
Sulawesi selatan
INDONESIA
Journal of Economic Growth and Development Review
ISSN : 30629209     EISSN : 30629217     DOI : -
Core Subject : Economy,
The research scope of this journal is the issues of economic growth and development in Indonesia and the world. The journal accepts contributions in the form of theoretical, empirical, and policy articles that address one or more of the following topics: 1. The sources and drivers of economic growth and development 2. The measurement and indicators of economic growth and development 3. The impact of globalization, trade, and foreign direct investment on economic growth and development 4. The role of institutions, governance, and corruption in economic growth and development 5. The relationship between economic growth and development and human capital, innovation, technology, and entrepreneurship 6. The challenges and opportunities of economic growth and development in the context of climate change, environmental degradation, natural resources, and energy 7. The inequality and poverty implications of economic growth and development 8. The social and cultural dimensions of economic growth and development 9. The political economy and history of economic growth and development 10. The regional and comparative analysis of economic growth and development
Articles 5 Documents
Search results for , issue "Volume 2 Issue 1 March 2025" : 5 Documents clear
The Effectiveness of Monetary Policy in Controlling Inflation: Comparative Perspective of Emerging Markets Economies Pertiwi, Handayani Mega
Journal of Economic Growth and Development Review Volume 2 Issue 1 March 2025
Publisher : Professorline

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62012/jegar.v2i1.13

Abstract

This study analyzes the effectiveness of monetary policy in controlling inflation from a comparative perspective in seven emerging market countries during the period 2010-2023. Using panel data analysis and event study methods, this study investigates the factors that influence monetary policy transmission and its impact on price stability. Empirical results show that a 100 basis point increase in the benchmark interest rate is associated with an average decrease in the inflation rate of 0.76 percent , but with substantial variation across countries (elasticity coefficients range from -0.42 to -1.18). Central bank independence, the level of financial market development, and external vulnerability are identified as the main determinants of monetary policy effectiveness. Countries with a higher central bank independence index show better success in controlling inflation, while a high degree of economic dollarization is correlated with lower monetary policy effectiveness. This study also reveals a significant interaction between monetary and fiscal policies, where high fiscal deficits tend to reduce the effectiveness of monetary policy. These findings highlight the importance of institutional reforms, domestic financial market development, and economic policy coordination as prerequisites for effective monetary policy in emerging m countries.
Evaluation of the Impact of the Public-Private Partnership Program in Economic Infrastructure Development Amir, Khaeriah
Journal of Economic Growth and Development Review Volume 2 Issue 1 March 2025
Publisher : Professorline

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62012/jegar.v2i1.14

Abstract

This study examines the impact of Public-Private Partnership (PPP) programs on economic infrastructure development in Indonesia using a mixed methodological approach and a multi-dimensional evaluation framework. Based on an analysis of 30 PPP projects implemented during the period 2010-2023, the study finds that the PPP model produces an average cost efficiency of 17.3% higher and project completion is 22% faster than conventional procurement. Econometric analysis confirms a significant positive correlation between PPP investment and regional economic growth with an elasticity coefficient of 0.28 ( p<0.01). However, the geographical distribution of PPP projects is still concentrated in Java Island (62%), indicating inequality in program implementation. Multi-criteria evaluation using the Composite Performance Index (CCI) shows performance variations across sectors with telecommunications scoring the highest (74.2 ) , followed by energy (71.8), transportation (65.3), and water (58.2). Factor analysis identifies the governance dimension as the largest contributor to PPP success (38% of the variance), while the environmental dimension consistently scores the lowest. Eight critical factors for the success of PPP implementation were identified, including the quality of project preparation, proportional risk allocation, and long-term political commitment. Key challenges in PPP implementation include suboptimal inter-agency coordination, limited government technical capacity, and a regulatory framework that needs to be improved. The study concludes that the PPP model has significant potential to accelerate infrastructure development, but requires comprehensive policy reforms in institutional, regulatory, and capacity-building aspects to optimize its benefits for inclusive and sustainable economic development.
The Impact of Fintech on Financial Inclusion and Regional Economic Growth Mansyur, Khusnul Khotimah
Journal of Economic Growth and Development Review Volume 2 Issue 1 March 2025
Publisher : Professorline

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62012/jegar.v2i1.15

Abstract

This study analyzes the impact of financial technology (fintech) on financial inclusion and regional economic growth in Indonesia during the period 2018-2024 using a mixed methodology approach. The results show that fintech penetration in Indonesia has experienced significant growth especially since the COVID-19 pandemic, although with uneven geographical distribution. Quantitative analysis reveals a positive relationship between fintech adoption, financial inclusion indicators, and regional economic growth, with around 54% of the total effect of fintech penetration on GRDP per capita mediated by increased financial inclusion. This study identifies five main mechanisms that explain the impact of fintech: reduced transaction costs, expanded access to credit, formalization of the informal economy, accelerated entrepreneurship, and increased geographic inclusiveness. It also finds that the impact of fintech is greater in rural and remote areas than in urban areas, highlighting its potential to reduce the gap in access to finance between regions. Internet infrastructure, digital literacy, and regulatory quality play important moderating roles in strengthening the positive impact of fintech. The existence of spatial spillover effects suggests that the economic benefits of fintech can spread to surrounding areas. This study recommends a series of policies to maximize the potential of fintech as a catalyst for inclusive regional economic development in Indonesia.
The Role of Social Capital in Entrepreneurial Success in the Digital Economy Mendong, Muh. Mu'min
Journal of Economic Growth and Development Review Volume 2 Issue 1 March 2025
Publisher : Professorline

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62012/jegar.v2i1.16

Abstract

This study explores the role of social capital in entrepreneurial success in the context of Indonesia’s digital economy. Social capital, encompassing social networks, trust, and norms of reciprocity, has become a critical factor in the rapidly growing digital entrepreneurship ecosystem. Using a mixed methods approach that combines a survey of 150 digital entrepreneurs and in-depth interviews with 15 entrepreneurs, this study investigates how three dimensions of structural, relational, and cognitive social capital contribute to different aspects of entrepreneurial success. The results of the Structural Equation Modeling (SEM) analysis show that the structural dimension of social capital has a strong influence on business growth and innovation, the relational dimension has a significant impact on financial performance and sustainability, while the cognitive dimension contributes to business innovation and sustainability. Qualitative analysis reveals the importance of “authentic digital social capital” that emphasizes the quality of interactions and engagement over the quantity of connections. This study also finds a moderating effect of the type of digital venture and the stage of venture development, underscoring the importance of a contextual approach in social capital development strategies. The theoretical and practical implications of these findings are discussed in the context of developing a sustainable digital entrepreneurship ecosystem.
The Role of Artificial Intelligence in Supply Chain Management Transformation Economic and Business Implications Syaifullah, Syaifullah
Journal of Economic Growth and Development Review Volume 2 Issue 1 March 2025
Publisher : Professorline

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62012/jegar.v2i1.17

Abstract

This study explores the economic and business implications of implementing artificial intelligence (AI) in supply chain management. Using a mixed-methods approach that combines in-depth case studies of eight multinational companies, a survey of 312 supply chain professionals from 23 countries, and a panel data analysis of 128 companies over a five-year period (2018-2023), the study identifies four key dimensions of AI-driven economic transformation. The results show that AI implementation results in operational cost restructuring with an average reduction of 24% after 36 months, predictive efficiency improvements with forecast accuracy increasing by 37.8%, workforce reconfiguration with a shift from routine operational positions (-18.7%) to highly technical and analytical positions (+24.3%), and business model transformation with the emergence of AI-powered services that have 42.7% higher profit margins than traditional businesses. These findings illustrate a fundamental shift in the supply chain economy, where value comes not only from cost efficiency but also from increased resilience, workforce productivity, and the creation of new value propositions. This research contributes to a more comprehensive understanding of how digital transformation is changing the economic and business landscape in the context of global supply chains, with important implications for corporate strategy, employment policy, and competition regulation.

Page 1 of 1 | Total Record : 5