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beaj@mail.unnes.ac.id
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Gedung L2, Fakultas Ekonomika dan Bisnis, Universitas Negeri Semarang
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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 20 Documents
ECONOMIC GROWTH DETERMINANTS OF ASEAN COUNTRIES: BEFORE AND AFTER THE COVID-19 PANDEMIC Hasanah, Uswatun; Joko Widodo; Amin Pujiati
Business and Economic Analysis Journal Vol. 5 No. 1 (2025): May 2025
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/beaj.v5i1.5yz2hb49

Abstract

Economic growth in ASEAN countries in recent decades has attracted the attention of many parties, both academics and practitioners. This study evaluates the various factors contributing to ASEAN countries' economic growth. The factors analyzed include human development index, exports, foreign investment, exchange rates, population, and dummy variables (before and after) the COVID-19 pandemic. This research uses a quantitative approach with the object of research, namely ASEAN countries, from 2018 to 2022. Data sources from the World Bank, the National Statistics Bureau, and other credible sources. Based on the results of the analysis, the human development index and foreign investment have a positive and significant effect on economic growth. In contrast, exports, exchange rates, population, and dummy variables positively and insignificantly impact economic growth. Suggestions that can be given are that each country must pay attention, especially to policies on exports, which include duties, excise, and taxes. In addition, a large quantity of population does not guarantee the success of a nation, therefore it is necessary to pay attention to the quality side as well, this can be done by paying attention to the education side which correlates with the demand for labor, so that there is no imbalance between demand and supply of labor.
COMPARATIVE ANALYSIS OF LEADING SECTORS IN THE HINTERLAND AREA OF NUSANTARA'S CAPITAL CITY Diana Maswardani; Agit Budiman; Aceu Nur Dini Riya; Dodi Tirtana
Business and Economic Analysis Journal Vol. 5 No. 1 (2025): May 2025
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/beaj.v5i1.f54rhn66

Abstract

The relocation of Indonesia's capital from Jakarta to the Capital City of Nusantara (Ibu Kota Negara/IKN) in East Kalimantan aims to address development inequality and promote equitable economic growth. As IKN’s hinterland, Balikpapan City, Samarinda City, Kutai Kartanegara District, and Paser District are crucial in supporting this vision. This study analyzes the comparative advantages and potential sectors for development in these areas using a quantitative approach with secondary data from 2010 to 2023. Location Quotient (LQ) and Dynamic Location Quotient (DLQ) analyses identify key sectors, and an overlay analysis is used to conclude which sectors are the leading sectors, visualized through Tableau. Balikpapan has 12 base sectors, with manufacturing, transportation, and warehousing as the strongest. Samarinda has 14 base sectors, led by finance and other services. Kutai Kartanegara District and Paser District rely on agriculture, forestry, fisheries, mining, and quarrying. Forecasting suggests all sectors in these regions have the potential to become leading industries. Balikpapan City and Samarinda City should optimize the service and industrial sectors, while Kutai Kartanegara District and Paser District must diversify beyond primary industries. This strategy supports inclusive and sustainable growth, aligning with the Sustainable Development Goals (SDGs) and shaping future IKN policies.
CASE STUDY: HOUSEHOLD FACTORS AND ELDERLY WORK DECISIONS IN INDONESIA Silvia Margaret; Putri Patria Kusuma
Business and Economic Analysis Journal Vol. 5 No. 1 (2025): May 2025
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/beaj.v5i1.23948

Abstract

Indonesia is one of the countries with a large elderly population. The high participation rate of the elderly workforce can cause this.  This kind of challenge, if it does not receive special attention from the government, can cause several new problems, especially in the issue of employment. Therefore, this study was conducted to see how household characteristics influence the decision of older people to work. The data used in this study is sourced from the Indonesian Family Life Survey (IFLS) 5th wave. The methodology used in this paper is a logit econometric model. This logit model is used because the dependent variable from this study is a dummy variable. From the analysis results, evidence was found that household characteristics, such as the type of work, education level, marital status, health status, and residential area status, significantly impact the decision of older people to work. By understanding the characteristics of households that influence older people's decision to work, we can design more effective policies and programs to support older people and ensure their well-being, especially at retirement age, such as pension schemes and social protection programs.
ANALYSIS OF RICE MARKETING EFFICIENCY THROUGH THE STRUCTURE CONDUCT PERFORMANCE APPROACH Adzim, Fauzul; Rachmadi, Moch Faizal
Business and Economic Analysis Journal Vol. 5 No. 1 (2025): May 2025
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/beaj.v5i1.23961

Abstract

This study aims to analyze the efficiency of rice marketing in Ngawi Regency. This study uses the Structure-Conduct-Performance (SCP) method to analyze the efficiency of rice marketing. The data collection methods involved surveys and structured interviews with actors in the rice distribution chain. The snowball sampling method is used in this study to follow the marketing flow from farmers to end consumers. The study's results indicate that five main distribution channel patterns were identified. Each actor in the distribution chain has different contributions to marketing activities, including exchange functions, physical functions, and facility functions. The Farmer's Share value in each rice marketing channel in Ngawi Regency shows the proportion of price acceptance received by farmers compared to the price paid by end consumers. The analysis of five rice marketing channels in Ngawi Regency shows that channel 2 has the highest Farmer’s Share (54.62%), while channel 5 is the most cost-efficient with a π/c ratio 1.32. This study contributes to agricultural marketing studies by highlighting the importance of evaluating distribution channels based on the balance between the value received by producers and cost efficiency.
THE IMPACT OF CRIME ON TOURISM VISITS IN CENTRAL JAVA: A PANEL DATA APPROACH Rachman, Muhammad Aulia; Risanda A. Budiantoro; Syamsuddin
Business and Economic Analysis Journal Vol. 5 No. 1 (2025): May 2025
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/beaj.v5i1.23978

Abstract

Crime generates insecurities, which limit tourism in several ways: reduced tourist destination appeal, increased perceptions of the risk of being victimized as a tourist, harm to destination image, increased transaction costs, and reduced institutional quality. This study employed a panel data approach to investigate the impact of criminal acts on tourist arrivals in 35 Central Javanese districts/cities from 2020 to 2024. Control variables included tourist attractions, accommodation, restaurants, vehicles, and the COVID-19 pandemic. Findings revealed a significant negative relationship between criminal cases and tourist visits, underscoring security's crucial role. Conversely, tourist attractions, accommodation, and restaurants positively affected arrivals. As expected, the COVID-19 pandemic negatively influenced tourism. Notably, the study found no significant impact from the prevalence of violence against children and women or the ratio of vehicles. Comparative analysis (between tourism-based and non-tourism-based regions) shows that crime consistently deters and attractions consistently promote tourism in all areas. Still, accommodation positively impacts tourism-based economies, while restaurants promote tourism in both regions. These results highlight the necessity of enhancing security measures at tourist destinations, fostering the development of sustainable attractions, and ensuring adequate supporting infrastructure to stimulate tourism sector growth in Central Java.
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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