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INDONESIA
Journal of Economic Growth and Development Review
Published by CV. Professorline Publisher
ISSN : 30629209     EISSN : 30629217     DOI : -
Core Subject : Economy,
Economics, Econometrics & Finance
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
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 22 Documents
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Sustainable Development Goals (SDGs): Economic Transformation Towards Sustainable Development Iswanto, Dedy
Journal of Economic Growth and Development Review Volume 1 Issue 2 September 2024
Publisher : Professorline

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62012/jegar.v1i2.11

Abstract

Sustainable Development Goals (SDGs) have become a crucial global framework in encouraging economic transformation towards sustainable development. This article examines how the SDGs agenda influences economic paradigm changes in various countries, as well as the challenges and opportunities that arise in the implementation process. Through analysis of comparative case studies from several countries, this research identifies key strategies and best practices in aligning economic policies with sustainable development goals. Key findings show that successful economic transformation depends on cross-sector policy integration, technological innovation, active involvement of the private sector, and strong international cooperation. The COVID-19 pandemic has also highlighted the importance of building a more resilient and adaptive economic system. Despite significant progress, implementation gaps remain a major challenge, especially in terms of financing and capacity development. This article concludes that achieving the SDGs requires a fundamental transformation in the way we understand and manage economic development, with an emphasis on a holistic approach that balances economic growth, social inclusion and environmental sustainability. The implications of this research highlight the need for accelerated efforts and policy innovation to realize the vision of sustainable development promoted by the SDGs.
Culture as a Tourism Magnet A Systematic Review of the Influence of Local Traditions on Visitor Engagement in Tourism Destinations Iswanto, Dedy; Irsyad, Ziqrurrahman
Journal of Economic Growth and Development Review Volume 1 Issue 2 September 2024
Publisher : Professorline

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62012/jegar.v1i2.12

Abstract

This study explores the influence of local traditions on visitor engagement in tourism destinations, focusing on traditional elements such as music, cuisine, and crafts. Through a systematic review of relevant literature, we found that these elements not only enhance destination image but also enhance visitor satisfaction and loyalty. Cultural festivals play an important role in building emotional connections between visitors and local communities. However, there is a gap in existing research, especially regarding the interaction between traditional elements and the negative impacts of cultural integration in tourism, such as the potential erosion of cultural identity and conflicts between visitors and local communities. This study recommends the need for further studies to understand the dynamics of traditional interactions, as well as the challenges in cultural event management, to support sustainable and inclusive tourism development. These findings are expected to provide insights for destination managers and policymakers in designing more effective strategies to utilize local cultural richness.
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.
Socio‑Cultural Capital and Endogenous Growth in Coastal Capture Fisheries: A Study of Sangihe, North Sulawesi Lungari, Fitria Fresty; Palawe, Handoko Jayaputra; Sirait, Evi
Journal of Economic Growth and Development Review Volume 2 Issue 2 September 2025
Publisher : Professorline

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62012/jegar.vi.21

Abstract

This study examines the role of socio-cultural capital as a driver of endogenous economic growth in coastal capture fisheries, focusing on the Sangihe Islands in North Sulawesi, Indonesia. Based on qualitative fieldwork, including interviews, participant observation, and community profiling, the research identifies six key mechanisms through which social and cultural factors support local economic development: intergenerational knowledge transfer, customary resource governance, trust-based labor and credit systems, communal risk management, cultural identity as economic motivation, and internal differentiation within social structures. These findings show that economic growth in Sangihe is deeply embedded in informal institutions and cultural practices, which function as productive assets. By framing growth as an internally driven process rooted in local relationships and values, the study offers a more holistic and context-sensitive understanding of development in small-scale fisheries. The results carry significant implications for policy, highlighting the need to recognize, protect, and integrate socio-cultural capital into strategies for sustainable and inclusive coastal development.
Economic Growth at the Edge of the Sea: The Political Economy and History of Coastal Fisheries in Indonesia’s 3T Regions (3T: Disadvantaged, Frontier, and Outermost Regions). Bawias, Ishak; Mozes, Getruida Nita; Puspita, Hery Indria Dwi
Journal of Economic Growth and Development Review Volume 2 Issue 2 September 2025
Publisher : Professorline

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62012/jegar.vi.22

Abstract

This study explores the political economy and historical roots of economic growth in Indonesia’s coastal fisheries, with a focus on the country's 3T regions (disadvantaged, frontier, and outermost). Drawing on qualitative field data and critical policy analysis, the research reveals how historical marginalization, market dependency, legal exclusion, and fragmented governance have shaped uneven development trajectories in these regions. Despite rich marine resources and integration into global seafood markets, small-scale fishers in 3T areas often remain economically insecure and politically invisible. The study highlights how growth has been promoted through centralized, extractive models that prioritize production and capital investment while neglecting community rights and local institutions. However, it also identifies local strategies of resistance, adaptation, and institutional innovation suggesting that endogenous, community-driven growth is possible when socio-political conditions are supportive. By situating fisheries development within a political economy framework, the research calls for a more inclusive and territorially grounded approach to maritime development, one that recognizes coastal communities not as passive beneficiaries, but as central agents in shaping sustainable and just growth. Keywords: Political economy; Coastal fisheries; 3T regions (disadvantaged, frontier, outermost); Marine governance; Inclusive development.
Disempowered by Design: Information Inequality in the Age of Inclusive Growth A'zdom, Muhammad Khofidul; Firnanda , Deviyan Angel
Journal of Economic Growth and Development Review Volume 2 Issue 2 September 2025
Publisher : Professorline

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62012/jegar.vi.23

Abstract

In an era where inclusive growth has become a global development mantra, this study critically examines a frequently overlooked dimension: information inequality. While infrastructure expansion and digital inclusion are often presented as pathways to empowerment, this research argues that many development efforts are structured in ways that silence marginalized voices, particularly in peripheral regions. Using a qualitative approach combining critical discourse analysis, interviews, and case studies from remote areas in Indonesia the study explores how development communication practices reflect and reproduce power imbalances. Findings reveal that dominant narratives frame poverty as a technical issue, exclude communities from meaningful participation, and centralizing communicative control in elite institutions. At the same time, grassroots actors engage in alternative communication strategies, highlighting their agency and resilience. The study concludes that true inclusion requires not just access, but the redistribution of communicative power, enabling communities to shape the narratives and policies that define their futures. Communication, therefore, must be recognized not merely as a channel, but as a site of justice, voice, and democratic engagement in the age of inclusive growth.

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