Articles
10 Documents
Search results for
, issue
"Vol. 14 No. 3 (2025): Economics Development Analysis Journal"
:
10 Documents
clear
<![CDATA[Village Funds and Village Development: The Case of West Java ]]>
<![CDATA[Kharisma, Bayu]]>;
<![CDATA[Adhitya Wardhana]]>;
<![CDATA[Sutyastie Soemitro Remi]]>;
<![CDATA[Sandi Asep Ramdani]]>
<![CDATA[ Economics Development Analysis Journal Vol. 14 No. 3 (2025): Economics Development Analysis Journal ]]>
Publisher : <![CDATA[Universitas Negeri Semarang ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.15294/edaj.v14i3.25604
<![CDATA[The Village Fund program has enabled the widespread implementation of village development initiatives that involve local communities as the subjects of development (i.e., Community Driven Development) across various countries, including Indonesia. Despite receiving substantial village funds, West Java, one of Indonesia's provinces, exhibits slow growth in the Village Development Index (IDM). This study examines the effect and impact of Village Funds on achieving the Sustainable Development Goals (SDGs), as measured by the IDM in West Java Province. The methodology employs a panel data regression with fixed effects and a Difference-in-Difference (DiD) analysis on 5,312 villages that received Village Funds between 2018 and 2023. Findings indicate that Village Funds significantly impact the IDM, primarily through infrastructure projects within the village development sector. Furthermore, the regression analysis revealed that all sectors positively and significantly influence the IDM, particularly the village development implementation sector. Conversely, the DiD analysis suggests that the alignment of Village Fund activities with the SDGs has not significantly affected IDM growth in West Java. Thus, to accelerate village development, the government must balance the prioritization of Village Funds. This balance should move beyond solely focusing on infrastructure development to encompass activities in other fields, such as village community empowerment]]>
<![CDATA[Impact of Indonesia's Non-Toll Road Policy on Travel Cost-Time ]]>
<![CDATA[Rendra, Dhanang Tiar]]>;
<![CDATA[Yudhistira, Muhammad Halley]]>
<![CDATA[ Economics Development Analysis Journal Vol. 14 No. 3 (2025): Economics Development Analysis Journal ]]>
Publisher : <![CDATA[Universitas Negeri Semarang ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.15294/edaj.v14i3.21419
<![CDATA[This study aims to provide empirical evidence on whether non-toll road construction, as a government investment (National Strategic Project) in the transport infrastructure sector, impacts local economic activity at the village level. It fills a gap in the literature by adopting a Difference-in-Differences (DiD) approach and analyzing at the village level using PODES data, comparing villages affected by the policy (treatment group) with those that were not (control group). Key outcome variables derived from PODES data include travel time and cost to sub-district and district centers. To ensure robustness, the analysis includes fixed effects for time and location, and placebo tests are conducted to validate the assumption of parallel trends. The results show that non-toll road construction leads to a statistically significant reduction in travel time by 21% and travel costs by 30.9%, associated with improved access to government services and modest growth in local economic indicators such as market activity, employment, or business formation.]]>
<![CDATA[Does Vertical Educational Mismatch Hinder Economic Growth?: Evidence from Indonesia ]]>
<![CDATA[Rahman Hakim, Dani]]>;
<![CDATA[Nessia Fitri, Euis]]>
<![CDATA[ Economics Development Analysis Journal Vol. 14 No. 3 (2025): Economics Development Analysis Journal ]]>
Publisher : <![CDATA[Universitas Negeri Semarang ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.15294/edaj.v14i3.22423
<![CDATA[Most studies have examined the effects of overeducation and undereducation on individual wages; however, only a few scholars have investigated the impact of this vertical educational mismatch on economic growth. Therefore, this study attempts to enter this area of analysis. The effect of overeducation and undereducation on economic growth was examined using panel data from 33 provinces in Indonesia between 2012 and 2022. Using the System Generalized Method of Moments (Sys-GMM) estimator, this study found empirical evidence that overeducation reduces economic growth. This implies that even if overeducation yields a positive return on individual wages, it remains detrimental at an aggregate level. The negative effect of overeducation on economic growth suggests that overeducation is a form of human capital and external education inefficiency. Thus, it needs to be addressed seriously by the Indonesian government. On the other hand, this study found no evidence that undereducation has an impact on Indonesia's economic growth.]]>
<![CDATA[Efficiency of Conventional Vs Islamic Banks in Indonesia: Pre and Mid-Covid Analysis ]]>
<![CDATA[Adiaksa, Fikar]]>;
<![CDATA[Santoso, Teguh]]>
<![CDATA[ Economics Development Analysis Journal Vol. 14 No. 3 (2025): Economics Development Analysis Journal ]]>
Publisher : <![CDATA[Universitas Negeri Semarang ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.15294/edaj.v14i3.28326
<![CDATA[This study aims to assess the technical efficiency of Indonesia’s conventional and Islamic banks and to examine whether their efficiencies differ between the periods before and during the COVID-19 pandemic. Bank input and output data are obtained from financial statements sourced from the CEIC Global Database for 96 Indonesian banks over the period from 2015 to 2022. The study employs bootstrap Data Envelopment Analysis (DEA) under both production and intermediation approaches to estimate bias-corrected technical efficiency. Independent t-tests are conducted to compare efficiency scores between conventional and Islamic banks, as well as to examine differences in technical efficiency before versus during the COVID-19 pandemic. The empirical findings indicate that Indonesian banks during the pandemic period were generally less efficient than before, and Islamic banks consistently exhibited lower technical efficiency than conventional banks. Although conventional banks outperform Islamic ones overall, the efficiency gap is not statistically significant during the pandemic. Moreover, banks show higher efficiency under the production approach, indicating stronger performance in revenue generation than fund intermediation. This study advises Indonesian banks to increase interest income (or fund disbursements, for Islamic banks), non-interest income, and loans while also considering risk to improve overall technical efficiency.]]>
<![CDATA[Economic Viability of Community Gardens in Semarang City ]]>
<![CDATA[Rahoyo, Rahoyo]]>;
<![CDATA[Susilowati, Teti]]>;
<![CDATA[Purwantini, Sri]]>
<![CDATA[ Economics Development Analysis Journal Vol. 14 No. 3 (2025): Economics Development Analysis Journal ]]>
Publisher : <![CDATA[Universitas Negeri Semarang ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.15294/edaj.v14i3.19366
<![CDATA[Numerous studies have shown that urban agriculture makes substantial contributions to poverty reduction, reduces unemployment, and improves food security. Unfortunately, research on the profitability and economic viability of urban agriculture remains limited. This research aims to explore the economic viability of community gardens as a form of urban agriculture in Semarang City, Indonesia. Semarang city was chosen due to its active implementation of urban farming programs initiated by the municipal government. The research employed a qualitative approach involving 24 participants spread across all sub-districts in Semarang. Data were collected through questionnaires, in-depth interviews, observations, and documentation. Thematic was applied to explore the research findings with the help of NVivo 12 Pro software. The findings indicate that most community gardens operate at a financial loss, showing weak economic viability. Even so, they continue to function sustainably, driven not by profit but by government programs, social cohesion, and environmental concern. This reveals a paradox: community gardens may not generate a profit, yet they remain socially sustainable – sustained more by policy than by market forces. These findings suggest that their sustainability relies more on institutional and communal support than on profit generation. Strengthening government facilitation and community empowerment is essential to ensure their long-term continuity.]]>
<![CDATA[Circular Economy in Waste Bank for Sustainability and Empowerment ]]>
<![CDATA[warsiyah]]>;
<![CDATA[Mawardi]]>;
<![CDATA[Moh Fahrurozi]]>
<![CDATA[ Economics Development Analysis Journal Vol. 14 No. 3 (2025): Economics Development Analysis Journal ]]>
Publisher : <![CDATA[Universitas Negeri Semarang ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.15294/edaj.v14i3.31787
<![CDATA[This research aims to develop an integrative conceptual model that connects the circular economy, waste bank optimization, community empowerment, and sustainable economy. The novelty of this study lies in integrating digital incentive systems and participatory approaches in community-based waste management. The method employed was a mixed-methods approach, incorporating a quantitative component that utilized SEM-PLS on 200 respondents, complemented by qualitative data from in-depth interviews. The results indicate that community empowerment and the digitalization of waste bank systems have a significant impact on the sustainability of the local economy. Theoretically, this research strengthens the capabilities (Sen) and environmental economics (Pearce & Turner) approaches and practically offers a data-driven local policy framework for waste management optimization. The resulting model can serve as a reference for informed decision-making at the regional level, integrating environmental, social, and economic aspects sustainably.]]>
<![CDATA[NPI Effectiveness on COVID-19 Infections and its Impact on Economy ]]>
<![CDATA[Nugroho, Aditya Harin]]>;
<![CDATA[Dewa Gede Karma Wisana]]>
<![CDATA[ Economics Development Analysis Journal Vol. 14 No. 3 (2025): Economics Development Analysis Journal ]]>
Publisher : <![CDATA[Universitas Negeri Semarang ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.15294/edaj.v14i3.14749
<![CDATA[This paper assesses the effectiveness of movement restriction policies in Indonesia (Non-Pharmaceutical Interventions, NPIs) in controlling COVID-19 transmission and their implications for regional economic performance. By integrating an epidemiological framework with the model of economic growth, this study offers a novel approach to assessing how public health policies interact with economic dynamics at the provincial level in period July 2020 – September 2021. Using district-level data from Kawalcovid19 and MoH, the analysis shows comprehensive restriction packages such as PSBB II and PPKM Level 1-4 were largely ineffective nationwide. In contrast, specific interventions such as stricter school closures, workplace closures, and international travel controls were significantly associated with fewer new cases in Java and Indonesia while did not hinder provincial economic growth. These results underscore the value of targeted, evidence-based measures over broad restrictions. The paper contributes to the literature by bridging epidemiological modeling and economic growth analysis, offering insights for designing pandemic responses that balance health protection and economic stability. The study provides policy insights for managing future pandemics in developing countries with large informal sectors and limited fiscal capacity.]]>
<![CDATA[Impact of the Shadow Economy on Tax Buoyancy in Central Java ]]>
<![CDATA[Alfathan, Fazriel]]>;
<![CDATA[Arifin, Agus]]>
<![CDATA[ Economics Development Analysis Journal Vol. 14 No. 3 (2025): Economics Development Analysis Journal ]]>
Publisher : <![CDATA[Universitas Negeri Semarang ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.15294/edaj.v14i3.22878
<![CDATA[Taxation plays a strategic role as the primary source of government revenue, supporting fiscal stability and sustainable economic growth. In this context, tax buoyancy serves as an important indicator for evaluating the responsiveness of tax revenues to economic growth. Despite its substantial contribution to regional income, Central Java exhibits the lowest level of tax buoyancy among provinces on the island of Java, indicating the presence of unrealized fiscal potential. This study examines the effect of the shadow economy on tax buoyancy using a labor-based approach and panel data regression with a Fixed Effects Model. The analysis utilizes secondary data from the Directorate General of Fiscal Balance (Direktorat Jenderal Perimbangan Keuangan/DJPK) and Statistics Indonesia (BPS) for the period 2016–2022. The independent variables include population, investment, and the shadow economy. The results indicate that population has a negative effect on tax buoyancy, while investment shows no statistically significant effect. In contrast, the shadow economy exerts a significant positive influence on tax buoyancy. The novelty of this research lies in its application of a labor-based approach to capture the dynamics of the shadow economy within a tax buoyancy framework. These findings highlight the importance of policy strategies aimed at formalizing the informal sector through tax incentives, regulatory simplification, and improvements in business licensing systems in order to enhance the sustainability of tax revenues.]]>
<![CDATA[Export Strategy Development in Micro and Small Enterprises of The Craft Sector in Central Java ]]>
<![CDATA[Karsinah, Karsinah]]>;
<![CDATA[Santosa, Purbayu Budi]]>;
<![CDATA[Iskandar, Deden Dinar]]>
<![CDATA[ Economics Development Analysis Journal Vol. 14 No. 3 (2025): Economics Development Analysis Journal ]]>
Publisher : <![CDATA[Universitas Negeri Semarang ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.15294/edaj.v14i3.29648
<![CDATA[This study examines which factors most strongly drive export participation among craft-sector micro and small enterprises (MSEs) in Central Java. Focusing on batik, furniture, and leather products, we highlight a capability-first perspective that has been underexplored in this context. Using a survey of craft MSEs analyzed with logistic regression, we compare the effects of human capital (export knowledge and skills) with commonly cited enablers such as capital and government assistance. The results show that export knowledge and skills consistently predict export participation, whereas financial inputs and generic assistance are not decisive once capabilities are considered. These findings suggest that policies and firm strategies should prioritize practical export know-how, skills development, and market-readiness over undifferentiated financing. The study contributes evidence from Indonesia’s craft sector that human capital is the primary lever for scaling MSEs to international markets. The skills possessed in the Craft sector in Central Java regarding exports have a positive influence on their performance with a coefficient value of 5.76; this indicates that if the skills of MSEs in the Craft sector in Central Java increase by 1%, it will increase MSEs performance by 5.76%. ]]>
<![CDATA[Institutional Quality, Financial Stability, and FDI Dynamics in Asia ]]>
<![CDATA[Wijayanti, Diana]]>;
<![CDATA[Rindang Nuri Isnaini Nugrohowati]]>
<![CDATA[ Economics Development Analysis Journal Vol. 14 No. 3 (2025): Economics Development Analysis Journal ]]>
Publisher : <![CDATA[Universitas Negeri Semarang ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.15294/edaj.v14i3.34839
<![CDATA[This study aims to analyze how institutional quality and financial stability influence foreign direct investment (FDI) in Asian countries, examining differences across country income groups. This study utilizes data from 39 Asian countries spanning the years 2013 to 2021. The analytical tool used is the Generalized Method of Moments (GMM), consisting of first-difference GMM and system GMM. Furthermore, this study uses principal component analysis (PCA) to calculate composite variables related to the institutional quality index. The results show that institutional quality and financial stability have a positive overall impact on FDI in Asian countries. However, the impact varies depending on the country's level of income. Institutional quality has a more significant impact in high-income countries, while in lower-middle-income countries, economic growth is the primary determinant of FDI. These findings emphasize the importance of improving governance and financial stability in attracting foreign investment. Governments, particularly in lower-middle-income countries, need to strengthen law enforcement, reduce corruption, maintain political stability, and create regulations that support an investment climate to make it more attractive to foreign investors]]>
