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INDONESIA
Jejak: Jurnal Ekonomi dan Kebijakan
ISSN : -     EISSN : 24605123     DOI : https://doi.org/10.15294/jejak
Core Subject : Economy,
JEJAK: Jurnal Ekonomi dan Kebijakan is a journal published by Universitas Negeri Semarang-Indonesia who only publish a scientific research in the field of economics science and development studies. This journal also receive all of articles from developing and developed countries.
Articles 8 Documents
Search results for , issue "Vol. 17 No. 2 (2024): September 2024" : 8 Documents clear
Cryptocurrency Modeling and Price Prediction Using Markov Switching Autoregressive Model Patricia Juan Aurellia; David Kaluge
JEJAK Vol. 17 No. 2 (2024): September 2024
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v17i2.2149

Abstract

The emergence of cryptocurrency investment trends has brought the number of registered customers for crypto assets in Indonesia to surpass the number of investors in the capital market. Despite the continuous increase in the number of cryptocurrency investors, a different scenario is depicted by the declining transaction values. This decrease is attributed to the high volatile nature of cryptocurrency coins, which impacts investors’ investment decisions. This research aims to obtain the best model and forecasts related to cryptocurrency prices in order to minimize concerns and potential losses experienced by investors. This research uses the closing price of the five largest market capitalized cryptocurrency coins. The research utilized the Markov Switching Autoregressive method to capture structural changes in the data, allowing it to be used for forecasting. The research findings indicate that the best model for BTC is MS(3)AR(1), the model for BNB is MS(3)AR(1), the model for ETH is MS(3)AR(1), the model for XRP is MS(3)AR(2), and the model for ADA is MS(3)AR(2). The RMSE values indicate that BTC is the coin with the most accurate price prediction compared to other coins.
Economic Valuation of Traditional Mining Crude Oil in Wonocolo Village Suryanto, Suryanto; Gusti Pramono, Maulidika
JEJAK Vol. 17 No. 2 (2024): September 2024
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v17i2.2522

Abstract

This research aims to identify the mining activities of crude oil resources in Wonocolo Village. The government will identify the benefits and impacts of already-known activities will be identified from this activity. Economic valuation analysis calculates These benefits and impacts in monetary terms. The aim is to find out the monetary value of benefits and impact so that they can be used to develop a related policy. The primary and secondary data are collected through interviews and observation. The sampling method uses purposive sampling, and the research method is quantitative descriptive using analysis techniques in the form of economic valuation. The results of this study indicate that the economic valuation of the traditional mining activities of crude oil resources in Wonocolo Village has a positive Rp value. 33.214.795.622,-/year. This positive value is because the value of benefits is greater than the impacts they are Rp. 33.478.992.562,-/year and Rp. 273.196.940,./year.
Measuring the intensity of smoking behavior among beneficiaries of subsidized health insurance: Item Response Theory (IRT) Analysis maulida, rizki wibias anwar; Nasrudin, Rus'an
JEJAK Vol. 17 No. 2 (2024): September 2024
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v17i2.4551

Abstract

The absence of sufficient income leaves the impoverished and near-poor particularly susceptible to economic shocks, yet they encounter significant barriers in accessing the health insurance market. The government introduced the Health Premium Assistance for the Poor and Near-Poor (Askeskin) program on January 1, 2005, to address this issue. However, individuals with lower socioeconomic status are disproportionately likely to smoke. Therefore, it is imperative to conduct screening and assess smoking intensity, particularly among those facing economic hardships, to effectively address smoking behavior. To assess the severity of smoking habits among beneficiaries of subsidized health insurance (Askeskin), this study utilized data from the IFLS survey and applied Item Response Theory (IRT). IRT facilitates the development of highly precise measurement tools that accurately capture variations in an individual's health and well-being. The findings indicate that this scale serves as a suitable instrument for examining heavy smoking intensity in research endeavors, particularly within the Indonesian context.
Micro-Analysis of Household  Poverty and Inequality in Indonesia Fitrawaty
JEJAK Vol. 17 No. 2 (2024): September 2024
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v17i2.9512

Abstract

The quality of community resources becomes one of the determinants of a region's poverty rate. Gross participation rates for education in rural areas are much lower compared to urban areas, particularly for higher education, resulting in higher poverty rates in rural communities than in urban communities. Different perspectives lead to different thoughts. The ability of people to own assets in urban areas are lower than in those rural areas. Based on this, the poverty rate will be higher in urban areas than in rural areas. This study aimed to analyze the real causes of micro-poverty in North Sumatra Province. The research model utilized in this study was the Cross Section Approach. Data processing revealed that a relatively larger number of household members would lead the household into poverty, urban communities had a greater chance of entering the poverty trap, male household head had the likelihood for household to escape poverty, while for employment status. ‘Business owner with permanent/paid labors indicated the greatest likelihood to reduce poverty. The government needs to pay special attention to low-income people, encouraging policies that favor the poor. Providing direct cash assistance, encouraging the investment climate so that it can absorb labor, particularly those who do not possess entrepreneurial skills. The need for gender equality in various sectors to increase women's productivity
Market Structure, Conduct, and Performance in Indonesia's Cellular Telecom Industry Fikri, Muhammad Kanzul; Firmansyah
JEJAK Vol. 17 No. 2 (2024): September 2024
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v17i2.14358

Abstract

This research investigates the factors that impact the performance of the Indonesian mobile telecommunications sector by employing two predominant theoretical frameworks: the Harvard School (market power hypothesis) and the Chicago School (efficiency structure hypothesis). The methodology encompasses descriptive analysis to scrutinize the Structure-Conduct-Performance (SCP) model, data envelopment analysis (DEA) to assess technical and scale efficiencies, and panel data regression to determine the influences on company performance. The data derive from annual reports of mobile telecommunications entities spanning 2010 to 2022. Findings indicate the presence of market power within the industry, highlighted by the existence of five major operators and a notable concentration ratio. Further, the analysis of advertising and welfare expenses demonstrates significant investments in advertising to secure and expand market presence. Despite this, the industry exhibits low technical efficiency yet benefits from substantial scale operations. Regression outcomes suggest that company performance is predominantly driven by market power rather than efficiency, with market share significantly enhancing performance, whereas technical and scale efficiencies appear to have minimal impact. The results lend credence to the Harvard School's market power hypothesis.
Cash Waqf Scheme for Equitable Energy Transition in Indonesia’s Transport Syahputra, Hendra; Syafruddin Kamal; Ilyas, Fithriady
JEJAK Vol. 17 No. 2 (2024): September 2024
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v17i2.15216

Abstract

Indonesia has significant challenges in funding its energy transition, which requires around US$30 billion over the next eight years. One of the main obstacles is the low government budget and human resource competency in realizing renewable energy to achieve affordability amid rising global energy prices. Islamic financing, particularly cash waqf from Sharia-based institutions, is thought to provide a potential solution. Cash waqf, in line with Islamic principles, generates up to IDR 180 trillion per year and supports the equitable use of renewable energy, especially in transportation. This study utilizes a qualitative descriptive method, through triangulation and comparative techniques. The findings highlight the important role of cash waqf in reducing costs and increasing accessibility to renewable energy for the community. Mechanisms that include cash waqf-based subsidies and innovative financing schemes can be tailored to the transportation sector. By integrating these approaches, Indonesia can reduce reliance on conventional subsidies while promoting inclusive participation in the energy transition. This research underscores cash waqf as a transformative tool, offering a scalable and Sharia-compliant strategy to advance sustainability and equity for policymakers to leverage Islamic finance in achieving a just energy transition, and engaging the role of human capital in managing its sustainability.
Toward a Sustainable Energy Transition: The Architecture of Islamic Finance in Indonesia's Biogas Sector Bogy Febriatmoko; M Aulia Rachman; Budiantoro, Risanda A
JEJAK Vol. 17 No. 2 (2024): September 2024
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v17i2.5616

Abstract

Indonesia is an agricultural country with abundant potential for bioenergy (biodiesel, bioethanol, biomass, and biogas), with Indonesia's biofuel consumption and production expected to increase by 50 percent. This potential is one of the foundations for reducing carbon emissions by replacing fossil energy with new and renewable energy. Therefore, this study aims to analyze the government's initiative to use biogas through PLTBg. This study uses SWOT analysis through the Berlian Porter model approach with secondary data to prepare a strategic architectural framework. The research results are based on the findings in the development of financing for biogas utilization through PLTBg in the preparation and acceleration (short term), expansion (medium term), and final goal achievement (long term). The financing process uses the build, own, operate, and build-own transfer business model approach by implementing the 5C Principles integrated with ASRI principles. In order to optimize the biogas financing process, an agreement was made between the stakeholders involved to create new and renewable energy efficiency in the biogas sector through PLTBg and create a healthy business climate competition to avoid agency problems. The hope is that when this strategic architecture is used correctly, the acceleration of the transition project in the new renewable energy sector, especially biogas, through PLTBg through a funding scheme or financing for the financial services industry can be realized.
Higher Education Development Planning: Collaborative Strategies for Key Performance Indicator (KPI) Success Wijayanto, Andhi; Wartini, Sri; Wicaksari, Erisa Aprilia
JEJAK Vol. 17 No. 2 (2024): September 2024
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v17i2.21533

Abstract

This study aims to identify strategies for improving the achievement of Key Performance Indicator (KPI) 2 related to the Merdeka Belajar Kampus Merdeka (MBKM) program in the Management Study Program at Universitas Negeri Semarang (UNNES). KPI-2 focuses on increasing student participation in off-campus activities, such as internships, student exchange programs, and humanitarian projects. The study adopts a qualitative approach, utilizing SWOT analysis and QSPM to examine both internal and external factors affecting the implementation of the MBKM program. The findings reveal that while the Management Study Program has a relevant curriculum and is supported by ministerial policies, challenges such as limited types of MBKM activities and competition with students from other universities remain obstacles. Based on the analysis, the integration of the MBKM program with faculty research project assistance activities is proposed as a strategy to enhance student participation. The implementation of this strategy is expected to improve the achievement of KPI-2 for the Management Program at UNNES and serve as a reference for other study programs in executing MBKM.

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