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Contact Email
beaj@mail.unnes.ac.id
Phone
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Journal Mail Official
beaj@mail.unnes.ac.id
Editorial Address
Gedung L2, Fakultas Ekonomika dan Bisnis, Universitas Negeri Semarang
Location
Kota semarang,
Jawa tengah
INDONESIA
Business and Economic Analysis Journal
ISSN : 27769682     EISSN : 2798396X     DOI : https://doi.org/10.15294/beaj
Core Subject : Economy,
Business and Economics Analysis Journal is a journal published by Universitas Negeri Semarang-Indonesia, who only publish scientific research in the field of economic and business issues. This journal also receives all of the articles from developing and developed countries.
Articles 5 Documents
Search results for , issue "Vol. 5 No. 2 (2025): November 2025" : 5 Documents clear
THE INFLUENCE OF INFRASTRUCTURE INEQUALITY AND CAPITAL ON HUMAN DEVELOPMENT COMPONENTS IN DISTRICS/CITIES OF WEST NUSA TENGGARA PROVINCE 2017-2021 Puspitasari, Sava Amanda; Deky Aji Suseno
Business and Economic Analysis Journal Vol. 5 No. 2 (2025): November 2025
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/beaj.v5i2.b1097h02

Abstract

The inequality in education and health infrastructure has resulted in human development indicators not being achieved optimally. Infrastructure and spending in the education and health sectors have increased but the average length of schooling and life expectancy are low, while GRDP per capita tends to decrease from 2017 to 2021. The purpose of this study is to determine and analyze the effect of infrastructure inequality and government spending on education and health on human development. The results of the analysis show that the panel data regression estimation. In equation I, infrastructure inequality and education spending partially affect the average years of schooling. In equation II, health spending and health infrastructure inequality partially affect life expectancy. In equation III, education infrastructure inequality and life expectancy partially negatively affect GRDP per capita. Education and health expenditure, average years of schooling, and health infrastructure inequality partially have no effect on GRDP per capita. Suggestions that researchers provide based on the results of the study are to build equitable education and health infrastructure according to community needs. Effective and efficient use of education and health expenditure budgets according to community needs.
Analysis of Regional Financial Performance of East Java Province Taufiqqurrachman, Fahrizal; Yuvendo Arfiandy
Business and Economic Analysis Journal Vol. 5 No. 2 (2025): November 2025
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/beaj.v5i2.25095

Abstract

East Java Province, as one of the regions with the largest economic and population contribution in Indonesia, plays a strategic role in realizing sustainable and inclusive regional development. In the context of regional autonomy that emphasizes accountability and efficiency of budget management, regional financial performance analysis is important to assess the extent to which provincial governments are able to manage fiscal resources independently, effectively, and sustainably.  This study aims to find out the regional financial performance of East Java Province during the period 2016-2022. This study uses a quantitative research method with realized data from regional revenues, government transfer revenues, capital expenditures, regional expenditures, and regional original revenues from the Directorate General of Budget Balance Data Portal for 2016-2022. The ratio analysis method, namely a) fiscal decentralization, b) financial independence, c) financial dependence, d) efficiency and e) financial effectiveness, and f) regional financial compatibility was chosen because it was able to provide a comprehensive and multidimensional picture of the fiscal performance of East Java Province within the framework of regional autonomy, as well as reveal the strengths, weaknesses, and sustainability of its financial management. This approach is relevant for assessing not only the size of the budget but also the quality, impact, and long-term fiscal resilience. The results of fiscal decentralization showed a very good category, financial independence showed a high category with a pattern of delegative relationships, financial dependence showed a high category, financial effectiveness showed a very effective category, and financial efficiency showed a less efficient category. In the harmony of regional expenditure, it is divided into 2. First, the capital expenditure ratio shows a poor category. Second, the operating expenditure ratio shows a fairly good category. The findings of this study provide an empirical basis for local governments to develop fiscal policies that are more efficient, sustainable, and results-oriented, as well as an evaluation material in strengthening regional autonomy. At the academic level, the study enriches discussions about the relationship between fiscal decentralization and regional financial performance, particularly in the context of large provinces with complex fiscal burdens such as East Java.
THE ROLE OF FOREIGN DEBT, EXPORTS, AND EXCHANGE RATES IN INCREASING INDONESIA'S FOREIGN EXCHANGE RESERVES Dodi Tirtana; alan miftarova; Fazri Fauzi; Rizky Mohammad Gimnastiar
Business and Economic Analysis Journal Vol. 5 No. 2 (2025): November 2025
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/beaj.v5i2.25291

Abstract

Indonesia’s foreign exchange reserves fluctuate due to global and domestic economic dynamics. The problem lies in how key economic factors can maintain the stability and sustainability of national foreign exchange reserves. This study aims to determine the role of foreign debt, exports, and exchange rates in increasing Indonesia’s foreign exchange reserves. This research uses secondary data obtained from the World Bank. The analysis method uses Ordinary Least Squares (OLS) with multiple linear regression. The results show that foreign debt, exports, and exchange rates have a positive effect on Indonesia’s foreign exchange reserves. The implications of this research show that the government needs to strengthen the coordination of fiscal and monetary policies to maintain the stability of foreign exchange reserves. Foreign debt management must be directed toward productive financing that drives exports and economic growth. In addition, a stable and adaptive exchange rate policy is necessary to maintain foreign exchange reserves amid global economic changes.
DETERMINANTS OF NON-OIL AND GAS IMPORT VALUE IN INDONESIA Tsani, Luthfi Ibnu; Andryan Setyadharma; Ahmad Syahrul Fauzi; Rasyad Nu'man
Business and Economic Analysis Journal Vol. 5 No. 2 (2025): November 2025
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/beaj.v5i2.34071

Abstract

Indonesia continues to rely heavily on imports, particularly non-oil and gas imports, which can threaten economic stability. However, existing studies rarely examine how domestic macroeconomic indicators jointly affect this dependency. This study aims to fill that gap by analyzing the influence of money supply (M2), BI Rate, and inflation rate on the value of non-oil and gas imports in Indonesia. Using monthly time series data from 2020 month 1 to 2023 month 4 (40 observations), this study employs a multiple linear regression model to evaluate both partial and simultaneous effects of the three independent variables. The results show that money supply (M2) and inflation rate have a significant positive impact. In contrast, the BI Rate significantly affects the value of non-oil and gas imports. These findings suggest that increased liquidity and rising inflation may stimulate import activity, while higher interest rates tend to suppress it. The study provides important insights for Bank Indonesia and policymakers in designing macroeconomic strategies to stabilize the import sector. Strengthening the coordination of monetary and fiscal policies is recommended to manage import growth while maintaining economic stability.
Modeling the U.S. Federal Reserve Influence on Indonesia’s Interest Rates: A Markov-Switching Approach Wibowo, Bintang Satrio; Mohammad Aulia Rachman; Ahmad Syahrul Fauzi; Abi Fadillah
Business and Economic Analysis Journal Vol. 5 No. 2 (2025): November 2025
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/beaj.v5i2.34287

Abstract

This study aims to examine how changes in the United States’ monetary policy, such as interest rates and GDP, affect Indonesia’s economic policy, as reflected in Indonesia’s interest rate. The study employs the Markov Switching Dynamic Regression (MSDR) method to analyze these effects, using secondary data obtained from the Federal Reserve. This data includes variables for Indonesia’s and the United States’ interest rates, as well as other control variables. The results show that Indonesia’s interest rate, both in expansionary and contractionary conditions, tends to be influenced by the U.S. interest rate. In contrast, the U.S. GDP has no significant effect on Indonesia’s monetary policy. These findings suggest that external financial conditions, particularly those from the United States, have a significant impact on the economic situation of developing countries, including Indonesia.

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