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Contact Name
Mochamad Nashrullah
Contact Email
Nashrul.id@gmail.com
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+6285745063538
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Nashrul.id@gmail.com
Editorial Address
Kavling Banar, Pilang, Sidoarjo, Jawa Timur
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INDONESIA
IJEFSD
ISSN : 26154021     EISSN : 26206269     DOI : https://doi.org/10.31149/ijefsd.v7i1
Core Subject : Economy,
International Journal on Economics, Finance and Sustainable Development (IJEFSD) is an international, peer-reviewed, and scholarly journal aimed at being a platform for interdisciplinary researchers across the globe to develop and advance both theory and practice of economics and finance while considering sustainability. IJEFSD welcomes all well-developed papers exploring areas of economics and finance including papers in area of sustainable development. Moreover, the journal accepts research articles based but concerning a topic of interest in the field of sustainability whilep pointing out fields, such as, economics, marketing, business, management, sociology and and other related ones.
Articles 470 Documents
Economic Growth, Population Density, and Human Development: Key Drivers of Environmental Quality in Indonesia Soeparno, Wahyu Sugeng Imam; Anggia, Yola; Sari, Raina Linda; Purba, Febry Andini
International Journal on Economics, Finance and Sustainable Development (IJEFSD) Vol. 6 No. 3 (2024): International Journal on Economics, Finance and Sustainable Development (IJEFSD
Publisher : Research Parks Publishers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31149/ijefsd.v6i7.5310

Abstract

In an effort to understand the interactions between economic growth, population density, the Human Development Index (HDI), and the Environmental Quality Index (EQI) in Indonesia, this study adopts a quantitative approach utilizing panel data encompassing 34 provinces during the period from 2020 to 2022. This analysis implements fixed effects models in panel data regression to isolate the impact of these variables on environmental quality. Results indicate that neither economic growth nor population density significantly affect the EQI, while an increase in HDI significantly contributes to environmental improvement, emphasizing the importance of factors such as education, health, and living standards. Furthermore, the cross-section fixed effects analysis reveals significant provincial-specific factors influencing the EQI, which macroeconomic and demographic variables cannot fully explain. Variability among provinces shows that some have a strong positive effect on the EQI, whereas others have a negative impact, highlighting the need for regionally tailored policies to enhance effectiveness in environmental conservation efforts. These findings inform policymakers about the importance of focusing on human development as a key element in strategies to improve environmental quality in Indonesia. The implications suggest that sustainable development strategies must integrate aspects of human development with comprehensive environmental policies, creating synergies that support environmental preservation. This study makes a significant contribution to the literature by providing insights into effective ways that Indonesia can adopt to address current and future environmental challenges.
The Effect of Government Expenditure on Education and Health Sectors on Poverty Rate (Study at Kuningan Regency, West Java) Laksmi, Ayu Chairina; Puteri, Saefah Auliyandini
International Journal on Economics, Finance and Sustainable Development (IJEFSD) Vol. 6 No. 3 (2024): International Journal on Economics, Finance and Sustainable Development (IJEFSD
Publisher : Research Parks Publishers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31149/ijefsd.v6i8.5311

Abstract

Poverty is the main problem included in the agenda of the national development design. In 2022, Kuningan regency has the highest poverty rate among other regions in West Java. The study aims to determine the influence of government expenditure on education and health sectors on the poverty rate in Kuningan regency for the year of 2019-2022. This research describes the effect of government programs such as National Health Insurance (JKN) and Program Indonesia Pintar (PIP) on poverty rate in Kuningan regency, West Java. This research employed quantitative approach and multiple linear regression analysis using SPSS 25 software. The research used secondary data sourced from the Social Service, Education Office, and Health Office of Kuningan regency, West Java province. The results of this study show that the government expenditure on the education and health sectors has a negative and significant effect on the poverty rate in 32 sub-districts of Kuningan regency.
Building Economic Resilience Based on Social Capital: Creativity of Village Communities in Sleman Regency Facing Disaster Suswanta, Suswanta; Yuliantini, Lisa Sophia
International Journal on Economics, Finance and Sustainable Development (IJEFSD) Vol. 6 No. 3 (2024): International Journal on Economics, Finance and Sustainable Development (IJEFSD
Publisher : Research Parks Publishers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31149/ijefsd.v6i8.5312

Abstract

The issue of natural and non-natural disasters is not just security and health but also social and economic issues. Sleman is a district in the Special Region of Yogyakarta, which borders one of the most active volcanoes in the world, namely Merapi. This article aims to explain the strategy of village communities in Sleman district to build economic resilience in facing the eruption of Mount Merapi and COVID-19 by using the concepts of social capital and financial resilience. The research method uses a qualitative descriptive approach using Nvivo 12plus to analyze data. The results show that the economic resilience of village communities in Sleman, especially Umbulharjo Village, Kepuharjo Village, and Glagaharjo Village during the Merapi eruption and Covid-19 disaster, was built due to the existence of strong social capital, namely mutual Trust, mutual understanding, and shared values. The adaptive capacity developed by village communities in Sleman through social capital created resilience, flexibility, and stability in facing the Merapi eruption and COVID-19 disasters.
Analysis of Indonesia’s Car Exports During Vehicle Electrification in Export Destination Countries 2016-2022 Naufal, Muhammad; Artiani, Listya Endang
International Journal on Economics, Finance and Sustainable Development (IJEFSD) Vol. 6 No. 3 (2024): International Journal on Economics, Finance and Sustainable Development (IJEFSD
Publisher : Research Parks Publishers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31149/ijefsd.v6i8.5313

Abstract

The concern for low-emission economic activities has made many countries electrify vehicles as a step to reduce CO2 emissions. The share of electric vehicle (EV) sales in the world continues to increase exponentially, accompanied by a decrease in the average price of EVs in the world. This is feared to threaten Indonesia's car exports, which are dominated by the internal combustion engine (ICE) type. This study aims to analyze the competitive advantage position of Indonesia's car exports as well as the factors affecting Indonesia's car exports in the country with the largest EV share. The research methods used are export products dynamics (EPD) analysis and unbalanced panel regression analysis. The independent variables used are Indonesia's car export prices, GDP per capita of destination countries, average EV prices of destination countries, revealed comparative advantages (RCA) values, and dummy free trade agreements (FTAs). The dependent variable used is the export value of Indonesia's cars with HS code 8703. The results of the study using EPD show that most of Indonesia's car exports in destination countries are in a less expected position, namely falling stars. The results of the regression analysis show that car export prices and EV prices in destination countries have a significant negative effect. GDP per capita and RCA have a significant positive effect, while FTA has no effect.
Implementation of Twin Digital Technology for Marinery Management and Conservation on Sulampua: An Innovative Approach in Blue Economy Optimization Saumena, Fadly Yashari; Kamila, Alni Cahya
International Journal on Economics, Finance and Sustainable Development (IJEFSD) Vol. 6 No. 3 (2024): International Journal on Economics, Finance and Sustainable Development (IJEFSD
Publisher : Research Parks Publishers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31149/ijefsd.v6i8.5314

Abstract

This research explores the implementation of Digital Twin technology in tourism management and marine conservation in Sulawesi, Maluku and Papua (Sulampua) as an innovative approach to blue economy optimization. Digital Twin enables real-time digital modeling and simulation of the physical environment, improving the efficiency of natural resource management and tourism activities in a sustainable manner. The research method used Systematic Literature Review (SLR) to analyze related studies. The results show the great potential of this technology in supporting tourism management and marine conservation through real-time monitoring, prediction of environmental conditions, and data-driven decision-making. Challenges faced include limited technological infrastructure, lack of human resource capacity, resistance to adoption of new technologies, and coordination issues among stakeholders. Recommendations include increased investment in infrastructure, intensive training, and inclusive policy support to accelerate the adoption of Digital Twin technologies, supporting sustainable economic growth and marine ecosystem conservation in Sulampua.
Green Economic Development: A Systematic Literature Review Ismail, Ismail; Khairunisah, Khairunisah; Maharani, Bunga Hilda; Ardila, Wulan Rekah; Suparman, Suparman; Al-Ifansyah, M.
International Journal on Economics, Finance and Sustainable Development (IJEFSD) Vol. 6 No. 3 (2024): International Journal on Economics, Finance and Sustainable Development (IJEFSD
Publisher : Research Parks Publishers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31149/ijefsd.v6i8.5315

Abstract

This article explores the development of green economy research topics and issues. Using the Systematic Literature Review (SLR) method and data analysis using the VOSviewer application on 482 articles from Scopus, the study found that Wang J. is the most prolific researcher contributing to the issue of environmental pollution, carbon emissions, and green tourism. Companies facing financial performance bottlenecks due to green innovation can address this issue by increasing executive equity incentives and reducing the pay gap between management and employees. New researchers such as Ozturk I., Ullah S., Li X., and Wu H. contribute to green innovation and agriculture, finding that reduced pesticide use does not lower agricultural productivity. Globally, China successfully implemented a green economy through strict environmental regulations and large investments in renewable energy. Topic cluster analysis revealed that Economic Growth and Circular Economy are the main issues, while Price, Barrier, Green Practice, Financial Inclusion, and Green Development are the focus of recent studies, especially in the application of green bonds and financial inclusion. These developments form a strong basis for the implementation of green economy concepts globally.
The Impact of Income Inequality and Energy Consumption Dynamics on Environmental Degradation in Indonesia S, Ririt Iriani Sri; Islamudin, Ardhi; P, Ni Putu Rekha; Jaenudin, M; Imamah , Fauziyah
International Journal on Economics, Finance and Sustainable Development (IJEFSD) Vol. 6 No. 3 (2024): International Journal on Economics, Finance and Sustainable Development (IJEFSD
Publisher : Research Parks Publishers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31149/ijefsd.v6i8.5317

Abstract

Climate change as a form of environmental degradation is an important issue that needs to be addressed to achieve the SDGs. The aim of this research is to analyze the influence of economic growth, energy consumption, income inequality on environmental degradation in Indonesia in the long term and short term and to analyze the suitability of the hypothesis Environmental Kuznets Curve (EKC) is theoretically proven and valid in Indonesia both in the long term and short term. Researchers focus on research in Indonesia because Indonesia is a developing country with significant economic growth, but often there is intensive exploitation of natural resources. The data used in this research is time series data year 1991-2020. In this research, Error Correction Model (ECM) is used to see the influence of independent variables on the dependent variable in the long term and short term, as well as to test hypotheses Environmental Kuznets Curve (EKC), the hypothesis which states there is a relationship between economic growth and environmental quality and depicts an inverted curve is tested using the program Eviews 12. The results of this research are that the economic growth variable has no effect on environmental degradation in Indonesia in the short term, but in the long term economic growth has a significant positive effect on environmental degradation. The energy consumption variable has a positive and significant influence on environmental degradation in Indonesia both in the short and long term. The income inequality variable has no effect on environmental degradation in Indonesia in both the short and long term, there is a negative effect but it is not significant. Environmental Kuznets Curve (EKC) in Indonesia is in accordance with the existing EKC hypothesis. The government needs to implement sustainable development policies and green technology to reduce the negative impact of economic growth and energy consumption on the environment.
The Impact of Health Quality and Pollution Levels on Tourist Arrival: A Case Study of Six ASEAN Countries, 2010-2022 Putra, Devarra Anggara; Dewanti, Diah Setyawati
International Journal on Economics, Finance and Sustainable Development (IJEFSD) Vol. 6 No. 3 (2024): International Journal on Economics, Finance and Sustainable Development (IJEFSD
Publisher : Research Parks Publishers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31149/ijefsd.v6i8.5318

Abstract

This research aims to analyze the impact of health quality and pollution levels on tourist flows in six ASEAN countries during the period of 2010-2022. Health quality is measured based on life expectancy, population growth, and COVID-19, while pollution levels are assessed using the concentration of PM2.5 particles in the air. Data was obtained from reliable sources and analyzed using a panel data regression model. The method used in this research is panel data analysis with a common effects, fixed effects, and random effects approach to test the relationship between variables. The approach chosen in this research is the general effects. Research results show that better health quality and lower pollution levels significantly increase the number of tourists visiting these countries. Research shows that health quality has a significant positive impact on tourist flows, while pollution levels have a significant negative impact. This finding shows that improving health quality and reducing pollution levels can encourage an increase in tourist flows. Thus, governments in ASEAN countries need to pay attention to health factors and design strategies to enhance the tourism sector by improving health quality and managing pollution.
Do Social Capital Have Impact on Willingness to Pay for Waste Management? Evidence from Contingent Valuation Studies Saptutyningsih, Endah; Bilqis , Nada
International Journal on Economics, Finance and Sustainable Development (IJEFSD) Vol. 6 No. 3 (2024): International Journal on Economics, Finance and Sustainable Development (IJEFSD
Publisher : Research Parks Publishers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31149/ijefsd.v6i8.5319

Abstract

This study looks at the connection between people’s willingness to pay (WTP) for waste management services anf their social capital. The research utilitizes a linier regression model to examine the relationship between social capital and people’ desire to interact, making use of contigent valiation, a technique useful for assessing financial prices and preferences for non-market environmental assets. With an average WTP of IDR 17,000 (USD 1,09), the result show that 58.2% of the community is willing to pay for garbage management. The study finds a positive correlation between social capital and WTP, suggesting that strong community bonds, high levels of trust, and external family connections enhance the likelihood of supporting sustainable waste management initiatives. In addition to sociodemographic traits, the WTP's ability to manage waste is also impacted. Legislators and waste management experts should take note of these findings, which emphasize the need of fostering social capital to boost public involvement and support for sustainable waste management projects. Building trust, promoting community involvement, and establishing shared environmental principles can all contribute to the development of an environment that is conducive to effective waste management techniques. This study contributes to the expanding body of information about the socioeconomic drivers of waste management practices by highlighting the crucial role that social capital plays in creating WTP for waste management solutions.
Contemporary Financial Management. Systematic Literature Review (SLR) Budi, Budi; Felix, Samuel
International Journal on Economics, Finance and Sustainable Development (IJEFSD) Vol. 6 No. 4 (2024): International Journal on Economics, Finance and Sustainable Development (IJEFSD
Publisher : Research Parks Publishers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31149/ijefsd.v6i10.5324

Abstract

This study presents a systematic literature review (SLR) focusing on the interplay between Good Corporate Governance (GCG), Corporate Social Responsibility (CSR), and their impact on financial performance and firm value. The primary objective is to examine how GCG and CSR practices influence company outcomes, particularly in the context of long-term sustainability and competitive advantage. The research methodology involves the collection and analysis of articles from national and international journals using keywords related to corporate management, financial performance, and CSR. The findings demonstrate a positive correlation between GCG, CSR, and firm value, with financial performance acting as a moderating factor. Companies that adopt robust governance and social responsibility practices tend to exhibit stronger financial outcomes and higher firm value. However, the study also identifies gaps in existing literature, particularly in the consistency of measurement techniques and the need for more research in developing countries. This research provides valuable insights for business practitioners and scholars, emphasizing the importance of integrating ethical practices with corporate management to enhance competitiveness and sustainable growth.

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