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Optimum: Jurnal Ekonomi dan Pembangunan
Published by Universitas Ahmad Dahlan
ISSN : 14116022     EISSN : 26139464     DOI : -
Core Subject : Economy,
Economics, Econometrics & Finance
The Optimum: Jurnal Ekonomi dan Pembangunan aims to publicize the results of research concerning economics and development at national, and international levels with particular emphasis on the application of quantitative and qualitative analysis.
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 111 Documents
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Effect of minimum wages on labor, welfare and economic growth: Evidence from East Java province Rizal, Mohammad; Mustapita, Arini Fitria
Optimum: Jurnal Ekonomi dan Pembangunan Vol. 14 No. 1 (2024)
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/optimum.v14i1.8139

Abstract

Wage issues are still a major concern, especially in Indonesia. The fact that wages constitute the most significant part of a person's income makes it an important indicator that reflects the level of welfare of a country. The minimum wage policy also serves as a protective tool for companies to maintain labor productivity. This research analyze the relationship between minimum wages and the number of labor, welfare, and economic growth in East Java. East Java has a significant role in the number of labor, prosperity, and economic growth, making a major contribution to the national economy with a substantial workforce. This research uses a quantitative approach. The data analysis technique uses canonical correlation statistical techniques. The data used taken from the annual reports of each city/district for 2018-2022, totaling 38 regions. The number of labor, welfare, and economic growth can be predicted through the city/district minimum wage. Meanwhile, individually, the minimum wage has the relationship with the number of labor because wages are the primary motivation of workers. In addition, the minimum wage is related to the welfare of workers in East Java, and the minimum wage is related to economic growth.
Competitiveness of Indonesia’s export products with IJEPA cooperation framework Sukarniati, Lestari; Lubis, Firsty Ramadhona Amalia; Hossain, MD Modabber
Optimum: Jurnal Ekonomi dan Pembangunan Vol. 14 No. 2 (2024)
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/optimum.v14i2.8356

Abstract

Bilateral cooperation between Indonesia and Japan Economic Partnership Agreement (IJEPA) is a form of bilateral cooperation between Indonesia and Japan that carries the concept of the Economic Partnership Agreement (EPA). With one of IJEPA's goals in the form of capacity building, Bilateral cooperation between Indonesia and Japan Economic Partnership Agreement (IJEPA) is a form of bilateral cooperation between Indonesia and Japan that carries the concept of the Economic Partnership Agreement (EPA). With one of IJEPA's goals in the form of capacity building, IJEPA provides space for both parties to collaborate in order to increase the competitiveness of Indonesian producers. Problems in trying to maximize the impact of the IJEPA agreement on increasing domestic product product industries have encouraged Indonesia to be able to determine what products are worthy of being superior products in the context of international trade conducted with Japan. This study analyzes the trade and competitiveness of Indonesian products using Revealed Symmetric Comparative Advantage (RSCA) and Product Mapping.The results of the product mapping analysis show that there are 3 commodities that are included in the top five highest comparative advantage in 2003, 2013 and 2021, namely HS 11 commodities (Milling Industrial Products; Malt; Starch; Inulina; Wheat Gluten) HS code 21 (Extracts, essences and concentrates, from coffee, tea or mate and preparations with a basis of these products or with a basis of coffee, tea or mate) and HS code 25 (Salt; Sulfur; Soil and Stone; Plaster, Cal and Cement). This shows that these three products can be used as specialization products for Indonesia's trade with Japan.
Analysis of inclusive growth in ASEAN countries Firdha Aksari Anindyntha
Optimum: Jurnal Ekonomi dan Pembangunan Vol. 13 No. 2 (2023)
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/optimum.v13i2.8363

Abstract

There are 17 goals to achieve sustainable development in Sustainable Development Goals (SDGs) adopted by the United Nations. One of SDG that promote inclusive and sustainable economic growth is SDG number 8. Sustainable economic growth seeks to achieve goals that support the process of economic development. Inclusive growth is sought to support the process of economic growth and economic development to prevent future generations from suffering depletion of resources.  The effort to achieve inclusive growth in line with the Sustainable Development Goals (SDGs). ASEAN was formed as an integration of any counties as a result of globalization,. The integrated economies of ASEAN countries form economic liberalization, giving rise to economic openness. The manifestation of economic openness is trade openness and financial openness.  The panel regression method is used to see the effect of economic openness and macroeconomic variables on economic growth as a proxy for inclusive growth. The results found that inflation and unemployment as macroeconomic variables had a significant negative effect on economic growth. It means to achieve the inclusive growth; the ASEAN countries should keep the inflation stable and low unemployment rate.
Determining factors of foreign direct investment in Emerging Market Asia: A panel data analysis (2005-2020) Anisa Dwi Ariyani; Firmansyah Firmansyah
Optimum: Jurnal Ekonomi dan Pembangunan Vol. 13 No. 2 (2023)
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/optimum.v13i2.8535

Abstract

Foreign Direct Investment (FDI) is recognized as a major force that integrates developing countries into the world economy and is expected to be a key factor in driving sustainable and balanced economic growth. Emerging Market Asia countries are the host countries that receive the highest inflows of Foreign Direct Investment (FDI) compared to other emerging market countries. Even in crisis conditions, emerging market countries, especially the Asian region, are still the destination for investment because of their resilience to crisis shocks. In analyzing the determinants of Foreign Direct Investment (FDI), the variables used are Market Size, Trade Openness, Interest Rates, Control of Corruption, Education Levels and Telecommunication Infrastructure. The analytical method used is the Fixed Effect Model (FEM) Data Panel. The results of the study show that market size, corruption control and telecommunications infrastructure have a positive and significant effect on foreign direct investment inflows. The Education Level variable was found to have a negative effect on FDI inflows. While the variables of Trade Openness and Interest Rates have no significant effect. The implications of this research are that host country governments need to create an investment-friendly environment with transparent bureaucratic conditions to increase the trust of foreign investors. Additionally, governments also need to provide facilities that can support the private sector in creating productive investments, such as by improving GDP performance and enhancing infrastructure quality.
Analysis of the causality between economic growth and government spending: Wagner’s law versus Keynes hypothesis Yasmin, Yasmin; Sari, Willa Fatika
Optimum: Jurnal Ekonomi dan Pembangunan Vol. 14 No. 2 (2024)
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/optimum.v14i2.8552

Abstract

The relationship between economic growth and government spending has been extremely ambiguous over the last few years. In this matter, both Wagner and Keynes expressed their views. However, several research with varying results on those hypotheses. The Keynesian hypothesis, Indonesia's Wagner's law, and the relationship between economic growth and government spending were thus all investigated by the researchers in this study. The Granger causality test and the Engle-Granger cointegration test were used in order to determine the direction with which both variables are linked, as well as a longer-term association. The outcome demonstrated that economic growth and government spending do not have a long-term relationship. In contrast, the causality test revealed a one-way correlation between government spending and economic growth, implying that Wagner's law was applicable in Indonesia. Accordingly, the government must reconsider government spending that is perceived to be less efficient in encouraging economic growth, such as subsidy programs and public goods procurement. Additionally, the government ought to consider reducing government spending and expanding private sector participation in economic development given that Wagner's law has been demonstrated to be applicable in Indonesia.
ESG and firm performance: The moderating role of gender diversity Marheni, Dewi Khornida; Sherry, Sherry; Yulfiswandi, Yulfiswandi
Optimum: Jurnal Ekonomi dan Pembangunan Vol. 14 No. 1 (2024)
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/optimum.v14i1.8647

Abstract

Disclosure of ESG from companies around the world has experienced a drastic increase, this phenomenon is also accompanied by an increase in socially responsible investment. This study investigates the moderating role of gender diversity in the relationship between the individual dimensions of ESG (environmental disclosure, social disclosure, and governance disclosure) and the company’s performance (Tobin's Q) in IDX companies. The research design is causal-explanatory. Based on the theory of previous findings, hypotheses were developed and tested by applying panel data regression to 42 IDX companies in the period of 2017 to 2021. The results found that disclosure of governance had a significant negative effect on company performance as measured by Tobin's Q. Moderation of gender diversity plays a role in weakening the relationship between governance disclosure with company performance. Several managerial implications are proposed based on this research. Managers may consider other ways to address stakeholder concerns about environmental and social performance. Indonesian policymakers can authorize regulations regarding ESG disclosure requirements to boost firm performance and lead to economic stability.
The welfare impact of village fund allocation in Indonesia: The comparative of Java and Non-Java Mardalena Mardalena; Ardi Adji; Siti Rohima; Harunurrasyid Harunurrasyid; Rahma Nida
Optimum: Jurnal Ekonomi dan Pembangunan Vol. 13 No. 2 (2023)
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/optimum.v13i2.8668

Abstract

There are inequality at the rural and urban levels that must be concern to the government. To reduce the inequality is to optimize village funds. Allocation of village funds is a stimulus to accelerate the village economy. Fiscal stimulus through village funds  boost the economy at the village level. This research examines the impact of village fund allocation on economic performance in Java and non-Java. The Difference in Difference (DiD) method compares the average value of the observed variables before the village fund policy and the average variable value of development indicators and welfare indicators after the policy was implemented. The allocation of village fund has some good impacts on Indonesia's rural economy. We found that funding can boost welfare, such as improving clean water, per capita income, human development index, and reducing poverty. We also discovered that the Java area has a greater impact than the non-Java area. The results of this study provide essential information for formulating government plans and policies as a policy reference and evaluating the implementation of regional autonomy policies and allocation of village funds in Indonesia.
Input-output analysis: Revenue facilites in Batam, Bintan and Karimun free trade zone Yulifar Amin Gultom
Optimum: Jurnal Ekonomi dan Pembangunan Vol. 13 No. 2 (2023)
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/optimum.v13i2.8674

Abstract

Indonesia has four regions declared as free trade zone, which is Sabang, Batam, Bintan, and Karimun. However, Government Regulation Number 41 2021 only puts a lot of focus in the development of Batam, Bintan and Karimun. This study aims to see the impact of free trade zone as a facility given by government using input-output analysis. The impact will be measured as multiplier effect. The usage of input-output analysis differentiate this study with prior research.  Input-output analysis is also used to provide priority sector of Batam, Bintan, and Karimun. This study finds that free trade zone facility provides total impact of Rp20.161,02 billion, but also shows that Batam, Bintan, and Karimun (Riau Islands Province) only provides the lowest multiplier effect compares to other provinces. By using priority sector, this study shows that from 22 development themes of Batam, Bintan, and Karimun, only 14 themes are worthy to be sustained and done. Therefore, the government needs to accelerate the integration within Batam, Bintan, and Karimun and other regions around them to boost their multiplier effect. Government also needs to reanalyze the feasibility of Batam, Bintan, and Karimun’s development themes. This study implies that from input-output analysis can be derived how effective the revenue facility given and what sectors which government needs to focus on to develop Riau Islands’ economies better. This study uses 2016 interregional input-output table, next study can be done using the latest interregional input-output table.
Analysis of village-owned enterprises (BUMDes) welfare: Social capital as moderation Yustin, Else Meilani; Baroroh, Hilmy
Optimum: Jurnal Ekonomi dan Pembangunan Vol. 14 No. 1 (2024)
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/optimum.v14i1.8687

Abstract

Proper management of  village-owned enterprises (BUMDes) can be one of the pillars of independence for villages to realize mutual benefit and has multiplier effect for their members. The purpose of this study is to investigate the impact of the performance of BUMDes on the welfare of management and BUMDes members, using social capital as a moderation variables evidence from Sleman Regency. This BUMDes performance measurement uses three components of performance measurement, there are: responsiveness, responsibility, and accountability. Well-being is measured using income variables. The sample size of this study around 11 BUMDes with a total of 50 respondents. This study used quantitative methods with PLS-SEM analysis model and WarpPLS 7.0 analysis tool. These findings reveal that responsiveness, responsibility, and accountability have an impact on the revenues of management and BUMDes members. Meanwhile, the variable of social capital moderation can only strengthen the relationship between the responsiveness of BUMDes to the income of BUMDes management and BUMDes members. The implication of the study  to improve the quality of human resources and the ability to commit to managing BUMDEs as crucial factors to increase BUMDEs performances and lead to an increase in their member's welfare.
Mitigation of regional poverty in East Kalimantan: A village level panel data analysis Hakim, Lukman; Bintariningtyas, Selfia; Juwita, Aulia Hapsari; Mulyanto, Mulyanto
Optimum: Jurnal Ekonomi dan Pembangunan Vol. 14 No. 2 (2024)
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/optimum.v14i2.8691

Abstract

Poverty is a specific problem so that programs that pay attention to spatial or demographic aspects are crucial to being able to create programs that are right on target in alleviating poverty. Apart from looking at demographic factors, we also analyze technological and institutional factors. This research aims to develop a Regional Poverty Mitigation Model in the province of East Kalimantan. This model is designed to provide a comprehensive framework for understanding and addressing poverty in the region. The focus of this research is specifically on the problem of poverty in the province of East Kalimantan. The data used in this study is the latest data from the 2021 Village Potential (Podes) of East Kalimantan province, which includes 1039 villages. The method used in this study is a quantitative analysis method using panel data which is then performed regression. The results show that geographical variables (regional areas and bordering the sea) have a negative and significant relationship to poverty in East Kalimantan, and technology has a positive and significant relationship to poverty in East Kalimantan. In addition, institutions (health and education) have a positive and significant relationship to poverty in East Kalimantan.

Page 6 of 12 | Total Record : 111

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