cover
Contact Name
Muh Ibnu Sholeh
Contact Email
indocelllular@gmail.com
Phone
+6282144444454
Journal Mail Official
ijededitor@gmail.com
Editorial Address
Tambakberas Barat Jombang, Tambak Rejo, Kec. Jombang, Kabupaten Jombang, Jawa Timur 61419
Location
Kab. jombang,
Jawa timur
INDONESIA
International Journal of Economics and Development
ISSN : -     EISSN : 31103189     DOI : 10.71305
The International Journal of Economics and Development (IJED) aims to advance theoretical and empirical research in the fields of economics and development. The journal provides a global forum for scholars, practitioners, and policymakers to engage with current debates and emerging issues in economic theory, policy, and practice. Focus IJED focuses on high-quality research that contributes to the understanding of economic systems and development processes at local, national, regional, and global levels. The journal encourages interdisciplinary and comparative approaches, particularly those integrating perspectives from social sciences, Islamic studies, environmental studies, and public policy. Scope The scope of the journal includes, but is not limited to, the following themes: Microeconomics and macroeconomics Economic development and sustainable growth Development economics and planning International trade, investment, and finance Islamic economics and Sharia-compliant finance Public sector economics and governance Fiscal and monetary policy Poverty alleviation and income inequality Rural and regional development Innovation, entrepreneurship, and productivity Labor economics, human capital, and education Financial institutions, markets, and digital finance Environmental and resource economics Economic resilience, crisis, and recovery strategies
Articles 10 Documents
The Role Of Fiscal Policy In Reducing Income Inequality In Emerging Economies Muh Habibulloh; Himad Ali
International Journal of Economics and Development Vol. 1 No. 1 (2025): Vol 1 No 1 June 2025
Publisher : Ponpes As-Salafiyyah Asy-Syafi'iyyah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71305/ijed.v1i1.344

Abstract

This study examines the effectiveness of fiscal policy in reducing income inequality across five Southeast Asian countries: Indonesia, Malaysia, the Philippines, Thailand, and Vietnam. Using a comparative approach, the research analyzes the trends in Gini coefficients alongside fiscal indicators such as tax-to-GDP ratios, social spending as a percentage of GDP, and the progressivity of transfer programs from 2010 to 2022. The findings indicate substantial variation in fiscal performance and redistributive outcomes. Vietnam and Thailand have demonstrated notable success in reducing inequality, supported by progressive tax systems and sustained investments in health and education. In contrast, Malaysia, despite relatively high social spending, showed limited redistribution due to a less progressive tax structure. Indonesia and the Philippines have implemented targeted transfer programs, yet structural weaknesses in tax collection and program implementation have limited their effectiveness. The analysis highlights that fiscal policy effectiveness depends not only on the amount of resources mobilized but also on how equitably and efficiently those resources are allocated. The study concludes that adequate fiscal capacity, political commitment, and institutional efficiency are essential to enhancing the redistributive impact of fiscal policy. The findings provide valuable insights for policymakers seeking to design inclusive and equitable fiscal strategies in emerging economies.
Islamic Finance As A Catalyst For National Economic Development In OIC Member States Muh Ibnu Sholeh; Irom Gambhir Singh
International Journal of Economics and Development Vol. 1 No. 1 (2025): Vol 1 No 1 June 2025
Publisher : Ponpes As-Salafiyyah Asy-Syafi'iyyah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71305/ijed.v1i1.345

Abstract

This study explores the role of Islamic finance as a catalyst for national economic development across selected member states of the Organization of Islamic Cooperation (OIC). Employing a mixed-method approach, the research combines quantitative data from 2010 to 2022 including GDP growth, Islamic Finance Development Index (IFDI), financial inclusion, and poverty rates with qualitative case studies from Malaysia, Indonesia, the United Arab Emirates, Saudi Arabia, and Pakistan. The findings indicate that Islamic finance contributes significantly to three pillars of sustainable development: economic growth, financial inclusion, and poverty alleviation. Instruments such as sukuk, Islamic microfinance, digital zakat, and productive waqf models are shown to enhance access to capital, promote ethical investment, and support grassroots development. The success of these initiatives is strongly correlated with supportive public policy, a robust Islamic banking ecosystem, and digital transformation through sharia-compliant fintech. Furthermore, cross-border harmonization of regulations and fatwas is crucial to ensure market integration among OIC countries. The study concludes that Islamic finance, rooted in ethical and inclusive principles, is not merely an alternative financial system but a transformative tool for achieving inclusive and sustainable economic development
Evaluating Public Sector Efficiency And Its Influence On Economic Development Across Nations Hawwin Muzakki; M. Munif
International Journal of Economics and Development Vol. 1 No. 1 (2025): Vol 1 No 1 June 2025
Publisher : Ponpes As-Salafiyyah Asy-Syafi'iyyah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71305/ijed.v1i1.346

Abstract

Public sector efficiency plays a critical role in determining the quality of public services and fostering sustainable economic development. This study aims to evaluate the relationship between public sector efficiency and economic development across nations through a library research approach. Drawing upon a comprehensive review of academic literature, policy reports from international organizations such as the World Bank, IMF, and OECD, and previous empirical studies, this research synthesizes key findings on how efficient governance contributes to economic growth, human development, and poverty reduction. The results indicate that countries with higher levels of public sector efficiency tend to exhibit better development outcomes, including more effective service delivery, improved budget allocation, and inclusive growth. Furthermore, strong institutional capacity, fiscal transparency, and accountable governance are consistently associated with positive development performance. The study concludes that enhancing public sector efficiency through bureaucratic reform, digital innovation, and institutional strengthening is essential to achieving sustainable development goals. These findings offer valuable insights for policymakers and scholars seeking to formulate governance-based strategies for national and global development.
Strengthening Human Capital Through Vocational Education For Inclusive Rural Economic Growth Nur 'Azah; Mochammmad Syafiuddin Shobirin
International Journal of Economics and Development Vol. 1 No. 1 (2025): Vol 1 No 1 June 2025
Publisher : Ponpes As-Salafiyyah Asy-Syafi'iyyah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71305/ijed.v1i1.347

Abstract

This study investigates the role of vocational education in strengthening human capital as a key driver of inclusive rural economic growth. Employing a library research approach, the paper synthesizes scholarly literature, policy reports, and empirical case studies from various regions to analyze how vocational training contributes to enhancing skills, employability, and productivity in rural settings. The analysis highlights that vocational education plays a transformative role in equipping individuals with practical, market-relevant competencies tailored to local economic sectors such as agriculture, agro-industry, crafts, and renewable energy. Moreover, the effectiveness of vocational education is significantly improved when programs are context-specific, inclusive, and supported by strong institutional frameworks, including partnerships among governments, industries, and educational institutions. Special attention is given to how vocational education can address equity issues by reaching marginalized populationssuch as women, youth, and persons with disabilitiesthrough flexible learning modalities and inclusive policies. The study concludes that investing in quality vocational education is essential not only for addressing human capital deficits but also for stimulating inclusive and sustainable economic development in rural areas. Future policy and research efforts should focus on integrating technology, green skills, and local innovation into vocational education frameworks to ensure long-term impact and adaptability.
Public Policy Strategies For Enhancing Innovation And SME Competitiveness In Emerging Economies Bambang Wahrudin; Sutrisno
International Journal of Economics and Development Vol. 1 No. 1 (2025): Vol 1 No 1 June 2025
Publisher : Ponpes As-Salafiyyah Asy-Syafi'iyyah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71305/ijed.v1i1.348

Abstract

: In the landscape of emerging economies, the ability of small and medium enterprises (SMEs) to innovate and remain competitive plays a crucial role in promoting inclusive and sustainable economic development. This study investigates the role of public policy in enhancing SME innovation and competitiveness by employing a qualitative-descriptive method through library research. The analysis draws upon a diverse range of sources, including peer-reviewed academic journals, policy documents, and reports issued by international organizations such as the OECD, World Bank, and UNCTAD, published between 2005 and 2025. The findings underscore that well-structured policy frameworks, combined with targeted financial incentives, technology transfer mechanisms, and institutional support, significantly strengthen the innovation capabilities of SMEs. In addition, the presence of collaborative governance models particularly those involving public-private partnerships contributes to the development of robust innovation ecosystems. These ecosystems facilitate knowledge exchange, infrastructure sharing, and coordinated support among stakeholders. The study concludes that aligning innovation strategies with SME development objectives is essential for maximizing the role of SMEs in driving inclusive growth. As emerging economies seek to strengthen their innovation landscapes, tailored policy interventions, grounded in local contexts and supported by continuous evaluation, will be key to unlocking the transformative potential of SMEs in global value chains and national economies.
A Collaborative Model of Government, Private Sector, and Community in Strengthening the Regional Digital Economy Ecosystem Mukhtar Galib; Andi Ardasanti; Amiruddin; Aden Gunawan
International Journal of Economics and Development Vol. 1 No. 2 (2025): Vol 1 No 2 December 2025
Publisher : Ponpes As-Salafiyyah Asy-Syafi'iyyah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71305/ijed.v1i2.349

Abstract

This study investigates a collaborative model between the government, private sector, and community in strengthening the regional digital economy ecosystem. Digital transformation has become a key driver for regional economic growth, yet disparities in infrastructure, digital literacy, and coordination often hinder inclusive development. The research aims to analyze the roles, challenges, and strategic interventions of each actor in fostering an adaptive and sustainable digital economy. Using a qualitative approach through literature review, this study examines publications from 2018 to 2025, including peer-reviewed journals, government reports, and institutional documents. Data were analyzed using content analysis with thematic coding to identify patterns of cross-sector collaboration, best practices, and policy implications. Findings reveal that effective synergy among government, private sector, and communities accelerates digital adoption, expands market access, and enhances job creation. Key challenges include low digital literacy, unequal infrastructure, and limited alignment of objectives across actors. Strategic recommendations emphasize establishing structured partnership mechanisms, locally tailored digital literacy programs, and shared-value collaboration initiatives. The study contributes to policy and academic discourse by providing a conceptual framework for triple-helix collaboration in regional digital economic development. These insights are valuable for policymakers, practitioners, and researchers aiming to design inclusive, adaptive, and sustainable digital ecosystems at the regional level.
The Effect Of Dividend Per Share And Profitability On Stock Prices: Evidence From Panel Data Of Property And Real Estate Companies Listed On The Indonesia Stock Exchange (2019–2023) Vina Nur Afni; Ita Rahmawati; Lailatus Sa’adah
International Journal of Economics and Development Vol. 1 No. 2 (2025): Vol 1 No 2 December 2025
Publisher : Ponpes As-Salafiyyah Asy-Syafi'iyyah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71305/ijed.v1i2.372

Abstract

This study investigates the effect of Dividends per Share (DPS) and profitability on the stock prices of property and real estate companies listed on the Indonesia Stock Exchange (IDX) during the 2019–2023 period. From a population of 92 companies, 7 were selected as research samples through purposive sampling based on specific eligibility criteria. The research employs a quantitative approach with an associative design to examine the relationship between the variables. Secondary data were obtained from published financial statements, and the analysis was conducted using panel data regression with E-Views 12 software. The results reveal that DPS exerts a significant positive influence on stock prices, indicating that dividend distribution is a key factor in attracting investor interest and enhancing market value in the property and real estate sector. Conversely, profitability, as measured by Return on Assets (ROA), does not significantly affect stock prices, suggesting that investors may place greater emphasis on dividend policies rather than operational profitability when making investment decisions in this industry. These findings contribute to the literature on capital market behavior in emerging economies and offer practical implications for corporate managers in formulating dividend strategies to strengthen investor confidence and market performance.
Judicial Interpretation of Murābaḥah Contract Restructuring: A Maqāṣid-Based Review of a Palembang Religious Court Case Muhammad Rohmat Hidayat; Ninik Azizah
International Journal of Economics and Development Vol. 1 No. 2 (2025): Vol 1 No 2 December 2025
Publisher : Ponpes As-Salafiyyah Asy-Syafi'iyyah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71305/ijed.v1i2.867

Abstract

The development of Islamic financial institutions in Indonesia has brought new dynamics to the practice of financing contracts, including murābaḥah contracts, which often undergo restructuring due to changing economic conditions. Problems arise when such restructuring leads to legal disputes and is challenged as an act of unlawful conduct. This study analyzes the interpretation of judges at the Palembang Religious Court regarding the restructuring of a murabaḥah contract and assesses its conformity with Muḥammad Ṭahir Ibn ‘Ashur’s theory of maqaṣid al-shari‘ah. This research employs a qualitative method with a normative legal approach through an examination of Decision No. 41/Pdt.G/2021/PA.Palembang, along with sources of Islamic economic law and maqaṣid literature. The findings indicate that the judges interpreted the case legalistically, relying on the principle of pacta sunt servanda and Article 1365 of the Indonesian Civil Code, concluding that the contract restructuring did not constitute an unlawful act. However, from the perspective of Ibn ‘Ashur’s maqāṣid al-shari‘ah, such reasoning does not fully reflect the values of substantive justice (al-‘adl al-ijtima‘i), protection of property (ḥifẓ al-māl), and social welfare (al-maṣlaḥah). Thus, while the court’s decision is formally valid from a juridical standpoint, it has not yet achieved maqāṣid-based justice. Islamic law should be applied by considering its intrinsic spirit of justice to promote social welfare, as envisioned by Ibn ‘Āshūr.
Trade Liberalization And Poverty In West African Countries: Feasible Generalized Least Square Method Analysis OLUWO, Peter Olugbenga; ORESAJO, Adegbenga Safiriyu
International Journal of Economics and Development Vol. 1 No. 2 (2025): Vol 1 No 2 December 2025
Publisher : Ponpes As-Salafiyyah Asy-Syafi'iyyah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71305/ijed.v1i2.1176

Abstract

: The study investigates the effect of trade liberalisation on poverty reduction in West African countries, with particular reference to ECOWAS member states, in order to determine whether increased openness enhances welfare and reduces poverty across the region. Using annual panel data for 15 countries spanning 1990–2022, the study employs the Feasible Generalized Least Squares (FGLS) estimation technique to account for cross-sectional dependence, heteroskedasticity, and serial correlation. Descriptive statistics, correlation analysis, and diagnostic tests such as the Variance Inflation Factor (VIF) and Pesaran tests confirmed the reliability and stationarity of the data. Empirical results reveal that trade liberalisation exerts a significant negative effect on poverty, implying that greater trade openness reduces poverty levels across West Africa. Exchange rate stability and institutional quality were also found to have strong negative relationships with poverty, while inflation exhibited a positive effect, indicating its adverse impact on welfare. The findings support the Solow growth model, which links openness to economic expansion and poverty reduction through productivity gains and technological diffusion. The study concludes that while trade liberalisation contributes to poverty alleviation, its benefits remain uneven due to weak institutions and infrastructural constraints. It recommends that West African governments pursue inclusive trade policies supported by sound macroeconomic management, institutional reforms, and targeted investments in human capital and rural development to ensure that the gains from liberalisation translate into broad-based poverty reduction.
Time Series And Cross-Section Analysis On The Financial Performance Of PT Matahari And PT ACE Hardware For The 2021–2024 Period Maslina Samosir; Maria Kalista Lambo; Cholis Hidayati
International Journal of Economics and Development Vol. 1 No. 2 (2025): Vol 1 No 2 December 2025
Publisher : Ponpes As-Salafiyyah Asy-Syafi'iyyah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71305/ijed.v1i2.1482

Abstract

This study aims to analyze and compare the financial performance of PT Matahari Department Store Tbk and PT ACE Hardware Indonesia Tbk during the 2021–2024 period. The approach used is quantitative with a type of comparative research, using secondary data in the form of financial ratios sourced from the financial statement analysis documents of each company. The analysis was carried out through the time series method to see the development of performance from year to year and the cross-section method to compare the performance of the two companies in the same period. The financial ratios analyzed include liquidity, activity, solvency, and profitability ratios. The results of the study show that PT Matahari is experiencing great pressure on liquidity and solvency aspects which are characterized by negative net working capital and a very high level of debt dependence due to a decrease in equity. The efficiency of PT Matahari's asset utilization shows improvement, but this condition has not been able to cover the financial risks faced. PT ACE Hardware showed a more stable financial performance with consistent profit and equity growth, a strong capital structure, and maintained profitability. The results of the comparison show that PT ACE Hardware has a healthier and more sustainable financial performance than PT Matahari during the study period. This research is expected to be a reference for company management, investors, and academics in assessing the financial health of retail companies in Indonesia.

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