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Economics Development Analysis Journal
Published by Universitas Negeri Semarang
ISSN : 22526560     EISSN : 25022725     DOI : https://doi.org/10.15294/edaj
Core Subject : Economy,
Economics, Econometrics & Finance
Economic Development Analysis Journal publishes original research and conceptual analysis of economic development, problems and policies in Indonesia.
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekomomi dan Ekonometrika
Articles 46 Documents
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Perceived Corruption and Economic Growth: A World Panel Data Analysis Purwanto, Mochamad Taufiq Ariq; Farah, Alfa
Economics Development Analysis Journal Vol. 14 No. 1 (2025): Economics Development Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/edaj.v14i1.1700

Abstract

The prevailing view on the impact of corruption on economic growth support the Sand the Wheels argument, namely: corruption impedes economic growth. Corruption increases transaction costs and market certainty. Furthermore, corruption redirects skilled labor from productive towards rent-seeking activities. Corruption also distorts the allocation of government expenditures. Nevertheless, empirical literature on the impact of corruption on economic growth is not unambiguous. Therefore, this study empirically investigates the relationship between corruption and economic growth. This study measures corruption using the Corruption Perception Index (CPI) published annually by Transparency International (TI). Using a sample of 123 countries around the world during the period 2011 to 2018 and the fixed-effects method, the results show that higher corruption is associated with lower economic growth. In specific, a country that can lower its corruption level has a higher level of economic growth. Nevertheless, our heterogenous analysis that classifies country by continent shows that the significant effect remains only in America and Asia-Oceania.
Unraveling Determinants of FDI: Insights from Oil-Abundant Economies Altsary, Rizky; Naylah, Maal
Economics Development Analysis Journal Vol. 14 No. 1 (2025): Economics Development Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/edaj.v14i1.10522

Abstract

The significance of natural resources in shaping foreign direct investment (FDI) dynamics cannot be overstated. In oil-abundant countries, these resources act as catalysts and magnets for investment inflows. Against this backdrop, this research aims to dissect the determinants of FDI within oil-rich nations, focusing on four critical factors: natural resources, exchange rates, openness to trade, and market size. The study seeks to unravel the intricate interplay between resource endowments and investment attractiveness by leveraging panel data from six oil-abundant countries (the United States, China, Russia, Canada, Saudi Arabia, and the UAE) over nine years (2011–2019) and employing the fixed effect model as a robust methodology. The results reveal that all factors: natural resources, openness to trade, and market size are statistically significant in affecting FDI inflows. Due to the robust economic conditions in the countries studied exchange rate fluctuations have a limited impact on FDI. Instead, investors prioritize microeconomic factors such as labor wages, logistics costs, and telecommunication tariffs when evaluating business efficiency in investment destinations. Thus, this research provides actionable insights for policymakers to enhance the market environment for local producers, support trade through subsidies and incentives, and focus on resource exploration to attract foreign investors and stimulate economic growth.
Capital Access Disparities Among Migrant Workers: Evidence from Informal Sector Syafitri, Wildan; Setyanti, Axellina Muara; Cahayati, Nila
Economics Development Analysis Journal Vol. 14 No. 1 (2025): Economics Development Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/edaj.v14i1.13800

Abstract

This research investigates the dynamics of working capital access among migrant workers in Indonesia's informal sector, aiming to identify key factors influencing capital access and the challenges this group faces. Utilizing data from the Survei Sosial Ekonomi Nasional (SUSENAS), this study employs a logistic regression model to examine various determinants of access to financial capital. The findings indicate that higher education increases access to commercial banks and Bank Perkreditan Rakyat (BPR) loans but reduces access to Kredit Usaha Rakyat (KUR) and cooperative credit. Digital literacy, reflected by internet usage, enhances access to KUR and BPR loans, although it does not influence cooperative credit. Younger and married individuals are more likely to obtain credit, while urban residents are more likely to access commercial bank and BPR loans but face limitations with KUR and cooperative credit. These results underscore the need for tailored financial inclusion strategies that address the specific needs of different demographic and geographic groups. Improving digital literacy and developing customized financial products for migrant informal workers may enhance their financial inclusion and access to working capital.
Does Financial Inclusion Enhance Indonesia's First Demographic Dividend? I Gede Putu Dharma Yusa; Aziz Wahyu Suprayitno; Faiz Abdullah Wafi
Economics Development Analysis Journal Vol. 14 No. 1 (2025): Economics Development Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/edaj.v14i1.14913

Abstract

This study examines whether financial inclusion enhances the first demographic dividend in Indonesia. Using a household-level approach, we measure the first demographic dividend through the economic support ratio and per capita expenditure, while financial inclusion is assessed based on savings account ownership in formal financial institutions. The research utilizes data from the 2022 National Socio-Economic Survey (Susenas) and applies a multiple linear regression model estimated via the Ordinary Least Squares (OLS) method. Empirical findings indicate that financial inclusion and the economic support ratio significantly enhance the first demographic dividend, as reflected in increased per capita expenditure. However, nearly one-third of households still lack access to formal financial institutions, with evidence suggesting a concentration of savings account ownership within specific households. Subsample analysis underscores the need to optimize the demographic dividend through financial inclusion, particularly for households headed by females, those engaged in agriculture and the informal sector, poor households, and those in rural areas and outside Java. Therefore, we recommend that the financial industry expand its services beyond its current target market and proactively tailor financial products to meet the diverse needs of the Indonesian population.
Poverty and Income Effects on Southeast Sulawesi Local Tax Revenue Rizal; Khelana Ramadhan; Abdullah Igo; Murniati; Inggah Pratiwi; Fitri Ramadhani
Economics Development Analysis Journal Vol. 14 No. 1 (2025): Economics Development Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/edaj.v14i1.19656

Abstract

This study uses a quantitative descriptive statistical approach to examine the impact of poverty levels and per capita income on regional tax revenues in Southeast Sulawesi. Utilizing secondary data from 2012 to 2021, the analysis employs a multiple linear regression model to evaluate the relationships between the variables. The findings reveal that poverty levels do not significantly affect regional tax revenues, whereas per capita income exerts a positive and substantial influence, highlighting its critical role in enhancing fiscal performance. The study underscores the importance of per capita income in boosting regional tax revenue. It recommends that the Southeast Sulawesi government prioritize economic empowerment initiatives, such as vocational training, micro-enterprise financing, and expanded market access, to increase community income and encourage greater participation in the taxation system. Further research should investigate other factors influencing tax revenues, including education levels, poverty dynamics, and regional economic structures. A broader analysis of these variables can provide policymakers with a more comprehensive framework for optimizing regional tax revenue and addressing socioeconomic disparities in the region.
Spatial Analysis and Spillover Effects on Economic Growth in Central Java Febriyana, Isna; Badriah, Lilis Siti
Economics Development Analysis Journal Vol. 14 No. 1 (2025): Economics Development Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/edaj.v14i1.19732

Abstract

This study investigates the impact of regional spillover effects on economic growth in Central Java’s regencies and cities, focusing on Knowledge Spillover, Industry Spillover, Private Investment Spillover, and Government Expenditure Spillover using a spatial econometrics panel model. The results indicate significant effects on local economic growth; however, direct spillover effects, which are represented by the variable Wx in the Spatial Durbin Model (SDM), were not significant. This may be due to limited resource mobility, varying regional absorption capacities, and temporal dynamics. Direct spillover effects typically involve immediate economic interactions between neighboring regions, but in this study, these effects did not materialize as expected. Conversely, indirect spillover effects, reflected by spatial parameters ρ in the Spatial Autoregressive Model (SAR) and λ in the Spatial Error Model (SEM), highlight the importance of broader spatial dynamics across regions. These effects underscore the significance of interregional linkages rather than direct regional interactions, showing that regional synergies play a crucial role in fostering economic growth. From a policy perspective, the study recommends strengthening interregional cooperation by enhancing mechanisms such as information flow, technology transfer, and investment. Investment in digital infrastructure, the creation of innovation hubs, and cross-regional investment funds can help bridge the development gap and foster sustainable growth. Policies that support labor mobility and skill-building opportunities, especially for marginalized groups and women, are essential to promote equitable and inclusive economic development across regions
Analysis of Economic Growth with Spatial Interaction Between Regions in Indonesia Nur'eni; Patta Tope; Nadiatulhuda Mangun
Economics Development Analysis Journal Vol. 14 No. 1 (2025): Economics Development Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/edaj.v14i1.21326

Abstract

This study employs a quantitative research approach with a descriptive methodology to analyze spatial interconnections between provinces in Indonesia. The research utilizes panel data regression, assisted by EViews software, and a Spatial Autoregressive (SAR) fixed effects model using R software. The spatial panel regression testing results indicate that the SAR fixed effects model is the most appropriate. The findings reveal that inflation (X1), exports (X3), and national health insurance (X6) have significant effects on economic growth. Global spatial autocorrelation was analyzed using the Moran Index and the Local Indicator of Spatial Autocorrelation (LISA) to identify provinces with spatial autocorrelation from 2019 to 2023. For inflation, 13 provinces exhibit spatial interconnections, namely West Java, Central Java, DI Yogyakarta, North Sumatra, North Maluku, Papua, Bengkulu, Bangka Belitung Islands, West Kalimantan, DKI Jakarta, West Sumatra, Jambi, and South Sumatra. For exports, 11 provinces demonstrate significant spatial interconnections, including West Java, Central Java, Lampung, South Sumatra, Jambi, North Maluku, Bengkulu, Bangka Belitung Islands, DI Yogyakarta, Papua, and Southeast Sulawesi. Meanwhile, for national health insurance, 11 provinces show significant spatial interconnections: Southeast Sulawesi, West Sumatra, Papua, Riau, Bengkulu, Jambi, South Sumatra, Bangka Belitung Islands, Riau Islands, West Kalimantan, and North Kalimantan.
The Non-Linear Relationship Between Land Ownership and Child Labor Faiz Abdullah Wafi; I Dewa Gede Karma Wisana
Economics Development Analysis Journal Vol. 14 No. 1 (2025): Economics Development Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/edaj.v14i1.21758

Abstract

This study examines the relationship between household land ownership and the number of hours children spend working. This assumption is based on previous research suggesting that children from households with large landholdings are more likely to be engaged in child labor than those from land-poor households. This phenomenon arises from the fact that land is a crucial asset for agricultural households, often requiring family members, including children, to participate in farm-related activities. This study employs a random effects method using panel data from the Indonesia Family Life Survey (IFLS) for the years 2000, 2007, and 2014. The findings reveal a distinct pattern, particularly in the Indonesian context, where land size exhibits a non-linear relationship with children's working hours. As land ownership increases, children's working hours tend to decrease; however, beyond a certain threshold, children's working hours begin to rise with increasing land size. Heterogeneity analysis further indicates that non-food farmland has a greater impact on the increase in children's working hours. This may be due to the higher demand for additional labor in larger-scale agricultural production, which often relies on family members for support.
The Efficiency of Government Health Expenditure in ASEAN Countries Najmah, Raden Ayu Adinda Shafira; Sihaloho, Estro Dariatno
Economics Development Analysis Journal Vol. 14 No. 1 (2025): Economics Development Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/edaj.v14i1.21881

Abstract

Inefficiencies in health expenditure result in an estimated 1–1.4% of global Gross Domestic Product (GDP) being wasted across various regions, presenting a significant challenge for countries striving to optimize healthcare spending. This study aims to assess the efficiency of government health expenditure in six ASEAN countries with the lowest per capita government health spending, using the Data Envelopment Analysis (DEA) method. In addition, Tobit regression is employed to identify factors that influence the efficiency of government health expenditure. The results indicate that most countries have not achieved maximum efficiency scores over the years, underscoring the need for improved budget management and reforms in health policy implementation. The Tobit regression analysis reveals that economic growth, urbanization rate, and the proportion of government health expenditure in current health expenditure have a positive and significant effect on efficiency scores. This suggests that increased public investment and urban development contribute to improved efficiency in healthcare spending. Conversely, total carbon emissions have a negative impact on efficiency, emphasizing the influence of environmental factors on health system performance.
Family Controlling Shareholder and Financial Distress in Indonesia: Socio-Demographic Moderation Fissamawati, Fitria; Brahmana, Rayenda Khersna; Giriati
Economics Development Analysis Journal Vol. 14 No. 2 (2025): Economics Development Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/edaj.v14i2.22629

Abstract

Financial distress is a major issue for a company in terms of maintaining the sustainability of its performance in the future. One aspect that needs to be considered is the controlling shareholder family. It is an important factor that needs to be considered to see how the company's performance will develop in the future. Therefore, this study examines the relationship between the family controlling shareholders and the financial distress in Indonesia, which is moderated through socio-demographic factors. The moderated regression analysis (MRA) was applied to 253 Indonesian public limited companies from 2013 to 2021. The result revealed that family-controlling shareholders positively and significantly affect financial distress. On the other hand, experience as a socio-demographic factor also moderated this nexus negatively. Thus, the important role of the family controlling shareholders must be considered as a main factor for predicting financial distress in Indonesian companies.

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