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 33 Documents
Islamic Social Reporting as Governance Innovation and Mining Stock Prices on the Jakarta Islamic Index Najwa Febriani; Ahmad Syaichoni
International Journal of Economics and Development Vol. 2 No. 2 (2026): December 2026
Publisher : Ponpes As-Salafiyyah Asy-Syafi'iyyah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71305/ijed.v2i2.1989

Abstract

Islamic Social Reporting (ISR) has emerged as an important governance mechanism for enhancing transparency, ethical accountability, and stakeholder trust in Islamic capital markets. Nevertheless, the extent to which ISR disclosure is recognized by investors and reflected in stock prices remains inconclusive. This study aims to examine the effect of ISR disclosure on the stock prices of mining companies listed on the Jakarta Islamic Index (JII), while also analyzing the influence of inflation, interest rates, and exchange rates. A quantitative associative research design was employed using panel data from ten mining companies listed on the JII during 2021–2024, generating 40 firm-year observations. ISR was measured using an Islamic disclosure index, while macroeconomic and stock price data were obtained from secondary sources. Panel regression analysis was conducted using EViews 12, with the appropriate model determined through Chow, Hausman, and Lagrange Multiplier tests. The findings demonstrate that inflation has a positive and significant effect on stock prices (t = 2.36; p = 0.0263). In contrast, interest rates (p = 0.6345), exchange rates (p = 0.7252), and ISR disclosure (t = 0.86; p = 0.3957) do not have significant individual effects. Although the average ISR disclosure reaches 75.47%, it does not function as a statistically significant pricing signal. However, the variables jointly explain 95.86% of stock price variation. These findings indicate a gap between governance innovation and pricing innovation, suggesting that ISR has primarily developed as a compliance and accountability mechanism rather than as an effective market valuation signal.
Artificial Intelligence, Creative Destruction and Sustainable Industrial Growth: A Schumpeterian Framework for the Digital Economy Gianmario Strappati
International Journal of Economics and Development Vol. 2 No. 2 (2026): December 2026
Publisher : Ponpes As-Salafiyyah Asy-Syafi'iyyah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71305/ijed.v2i2.2062

Abstract

Artificial Intelligence (AI) is rapidly transforming industries and organizational structures, representing a new wave of Schumpeterian creative destruction. While AI is recognized as a driver of innovation and productivity, research remains fragmented across productivity, business model innovation, labour markets, and innovation ecosystems. Consequently, the mechanisms through which AI contributes to sustainable industrial growth remain theoretically disconnected. This study develops a Schumpeterian conceptual framework explaining how AI, as a General Purpose Technology (GPT), drives sustainable industrial growth through technological innovation, organizational adaptation, and institutional evolution. Drawing upon Schumpeterian innovation theory, evolutionary economics, GPT theory, dynamic capabilities, business model innovation, and innovation ecosystems, the study synthesizes existing knowledge to identify how AI reshapes industrial systems and competitiveness. The framework integrates four reinforcing dimensions: productivity enhancement, business model innovation, labour market restructuring, and ecosystem reconfiguration. These mechanisms interact through feedback that reshapes firms, industries, and innovation systems. Sustainable industrial growth emerges not from AI adoption alone, but from interactions among technological capabilities, organizational transformation, human capital development, and collaborative innovation ecosystems. Investments in digital infrastructure, absorptive capacity, workforce reskilling, institutional quality, and governance are essential for resilient AI-driven transformation. By extending Schumpeterian innovation theory to the AI era, this study contributes an integrated framework linking AI-driven innovation, creative destruction, and sustainable industrial growth, providing a foundation for empirical research and policy development.
Digital Finance and Creative Industries in Geopark Wadjakensis: Halal Culinary, Fashion and Tourism Ruly Priantilianingtiasari; Agus Eko Sujianto; Dede Nurohman; Nasywa Fadilah
International Journal of Economics and Development Vol. 2 No. 2 (2026): December 2026
Publisher : Ponpes As-Salafiyyah Asy-Syafi'iyyah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71305/ijed.v2i2.2134

Abstract

Digital transformation and digital finance are increasingly relevant to the development of creative industries and sustainable local economies in geopark areas. Geopark Wadjakensis in Tulungagung Regency is an Aspiring Geopark with geoheritage, biodiversity, and cultural resources that can support halal culinary, fashion, and tourism activities. This study analyzes the implementation of digital transformation in Geopark Wadjakensis and examines the use of digital finance in supporting local creative-industry development. A descriptive qualitative approach with a case-study design was used. Data were obtained through observation, in-depth interviews with seven informants representing geopark management, the Tulungagung Tourism Office, local communities, and business actors, and secondary data. The findings show that digital transformation has entered an early or emerging stage: digital platforms are mainly used to provide destination information and promotion, while an integrated smart-geotourism ecosystem has not yet developed. Digital finance, including QRIS and other digital-payment facilities, has also been adopted by some businesses, but cash transactions remain common and connections among tourism, culinary, fashion, souvenir, and payment services remain limited. The study offers an integrated case perspective linking digital transformation, digital finance, creative industries, and sustainable regional development in an Aspiring Geopark context. The findings suggest that a coordinated digital platform, broader digital-payment adoption, digital-capability development, and multi-stakeholder collaboration are needed to strengthen the local creative-industry ecosystem.

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