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International Journal of Economics, Science, and Education (IJESE)
Published by Pena Jaya Pers
ISSN : -     EISSN : 3046689X     DOI : https://doi.org/10.65254/ijese.v1i5.33
Core Subject : Economy, Education, Social,
Economics, Econometrics & Finance Social Sciences Other
nternational Journal of Economics, Science, and Education (IJESE) is a bi-monthly peer-reviewed open access academic journal dedicated to publishing high-quality scientific papers in all disciplines, one of which includes social sciences, educational economics and other fields of knowledge. The aim of this Journal is to provide a leading forum for enhancing communication between researchers and policy makers about the latest science developments. This journal includes discussions of contemporary theoretical, empirical and comparative studies using international languages. All articles published in this Journal are processed under the blind peer review of the editorial board. The board and reviewers are legal scholars with special expertise according to the main focus of this Journal. The peer-review process and decision on publication of the manuscript will usually be completed within three months from the day of submission of the paper. All submissions must be made online here, with reference to the author guidelines which can be found here. Subscriber: This journal is published 6 times a year in January, March, May, July, September, November. All Journal content is freely available without charge to users or institutions. Authors and readers are allowed to read, download, print, search, or link to the full text of articles in this Journal. All published articles can be accessed online for free. All questions regarding submission of manuscripts, journal policies and other relevant information regarding the Journal can be sent via email to penajayapers@gmail.com
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis, Menejemen, dan Akutansi (Lain-Lain)
Articles 58 Documents
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Literature Review on Key Macroeconomic Issues 2018 to 2025 Anam, Khoirul; Arifin, Syamsul; Adhitya Pratama, Devangga Putra; Ismail, Mahmud
International Journal of Economics, Science, and Education Vol. 2 No. 1 (2025): International Journal of Economics, Science, and Education (IJESE)
Publisher : CV Pena Jaya Pers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65254/ijese.v2i1.63

Abstract

The period from 2018 to 2025 has been marked by profound macroeconomic turbulence and transformation, shaped by the COVID-19 pandemic, geopolitical tensions, climate shocks, and rapid technological change. This literature review synthesizes scholarly and institutional research on the evolution of key macroeconomic indicators, such as inflation, unemployment, GDP growth, fiscal and monetary policy, global trade, and post-pandemic recovery, while integrating cross-cutting themes of compensation, environmental factors, and job satisfaction. Drawing on data from the World Bank, IMF, UNCTAD, ILO, and recent peer-reviewed studies, the review highlights the interplay between policy responses and macroeconomic outcomes, the shifting dynamics of global trade and finance, and the persistent challenges of inequality, debt, and climate risk. Special attention is given to country case studies (United States, Euro Area, China, Indonesia) and to the methodological advances in macroeconomic research during this period. The findings reveal that while the global economy demonstrated resilience in the face of unprecedented shocks, recovery has been uneven and fragile, with developing economies bearing disproportionate burdens. Inflation surged to multi-decade highs before moderating, labor markets experienced both acute disruptions and rapid rebounds, and fiscal and monetary authorities deployed extraordinary measures, often in coordination, to stabilize economies. Yet, the legacy of heightened debt, persistent inequality, and climate vulnerability underscores the need for integrated, forward-looking policy frameworks. The review concludes by identifying gaps in the literature and proposing avenues for future research, particularly in the integration of environmental and social dimensions into macroeconomic analysis.
Challenges and Opportunities of Indonesia's Macroeconomy in the Digital Era Hidayanti, Andhini Sovi; Arifin, Syamsul; Yudhotomo, Irviandi
International Journal of Economics, Science, and Education Vol. 2 No. 4 (2025): International Journal of Economics, Science, and Education (IJESE)
Publisher : CV Pena Jaya Pers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65254/ijese.v2i4.64

Abstract

Digital has become a key pillar in Indonesia's macroeconomic structure by 2026. This research aims to analyze the dynamics of challenges and opportunities that arise along with the integration of digital technology in national economic activities. Using the latest secondary data-based descriptive qualitative methods, this study found that the acceleration of the digital economy provides great opportunities for Gross Domestic Product (GDP) growth through improving the efficiency of the MSME sector, expanding financial inclusion, and strengthening the creative economy. However, on the other hand, Indonesia faces significant challenges in the form of digital infrastructure gaps between regions, increasing cybersecurity risks, and the urgent need for workforce reskilling to face automation. The results of the analysis show that the synergy between adaptive monetary policy and digital fiscal transformation is key to maintaining macroeconomic stability. This paper concludes that strengthening data protection regulations and equitable distribution of broadband internet access is an absolute prerequisite for Indonesia to optimize the potential of the digital economy to achieve sustainable economic growth targets in the future.
The Impact of Indonesia’s Economic Growth on Olicy and Global Economic Influence Indrawati, Natalia; Arifin, syamsul; Adhitya Pratama, Devangga Putra
International Journal of Economics, Science, and Education Vol. 2 No. 2 (2025): International Journal of Economics, Science, and Education (IJESE)
Publisher : CV Pena Jaya Pers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65254/ijese.v2i2.65

Abstract

Indonesia’s economic growth has played a significant role in shaping national policy frameworks and strengthening the country’s position within the global economic system. As the largest economy in Southeast Asia and an emerging middle-income country, Indonesia’s sustained economic expansion has influenced fiscal and monetary policy formulation, trade strategies, investment regulations, and international economic diplomacy. This literature review aims to examine existing academic studies, policy reports, and empirical research related to the impact of Indonesia’s economic growth on domestic policy development and its global economic influence. The review synthesizes findings from various sources to highlight the relationship between economic growth and government policy responses, including macroeconomic stability, foreign direct investment, globalization, and trade integration. Furthermore, the literature indicates that Indonesia’s economic growth has enhanced its participation in regional and global economic forums, increased its attractiveness to international investors, and strengthened its bargaining power in global economic governance. However, several challenges remain, such as income inequality, structural dependency, and vulnerability to global economic shocks. This study contributes to a comprehensive understanding of how economic growth not only drives domestic policy direction but also shapes Indonesia’s evolving role in the global economy.
The Impact of The Digital Economy on Macroeconomic Growth and Stability Post-Pandemic for Society Hanani, Kharinatul
International Journal of Economics, Science, and Education Vol. 2 No. 1 (2025): International Journal of Economics, Science, and Education (IJESE)
Publisher : CV Pena Jaya Pers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65254/ijese.v2i1.66

Abstract

The COVID-19 pandemic has catalyzed the acceleration of the digital economy globally. Mobility restrictions and disruptions to conventional economic activities have forced governments, businesses, and the public to rapidly adopt digital technology. This article aims to analyze the impact of the digital economy on economic growth and macroeconomic stability during the pandemic. The method used is a library study, examining academic literature, reports from international institutions, and policy publications related to the digital economy and the pandemic. The study's results indicate that the digital economy plays a crucial role in maintaining economic growth amidst the global contraction by increasing productivity, sustaining business activity, and promoting digital financial inclusion. However, the "forced" acceleration of digitalization also creates new risks to macroeconomic stability, particularly in the employment sector, income inequality, and financial system stability. Therefore, adaptive macroeconomic policies and digital regulations are needed to ensure the sustainability of the digital economy's benefits during the crisis.
Literature Review on The Impact of Monetary Policy on Economic Growth And Inflation Prasetyo, Roby; Arifin, Syamsul; Adhitya Pratama, Devangga Putra
International Journal of Economics, Science, and Education Vol. 2 No. 3 (2025): International Journal of Economics, Science, and Education (IJESE)
Publisher : CV Pena Jaya Pers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65254/ijese.v2i3.67

Abstract

This literature review synthesizes recent empirical and theoretical research examining the multifaceted relationship between monetary policy, economic growth, and inflation, with particular emphasis on emerging market economies, notably Indonesia. Drawing from 15 peer-reviewed articles indexed in Scopus and SINTA databases published between 2019 and 2024, this review elucidates the theoretical foundations and practical mechanisms through which central banks influence macroeconomic outcomes. The analysis reveals that monetary policy operates through multiple transmission channels, including interest rate adjustments, credit expansion, asset price effects, and exchange rate movements. The evidence demonstrates that moderate inflation accommodates economic growth through reduced real borrowing costs and investment incentives; however, inflation exceeding critical thresholdsidentified empirically at approximately 5-9.5 percent for Indonesiagenerates substantial economic costs through uncertainty and reduced purchasing power. The research underscores the essential role of fiscal-monetary policy coordination in achieving dual stability and growth objectives. Furthermore, findings indicate that monetary policy effectiveness varies substantially based on financial system development, inflation expectations anchoring, and global spillover effects. The review identifies that during crisis periods, including the COVID-19 pandemic, monetary policy transmission weakens considerably despite accommodative stances. Contemporary evidence supports data-dependent, forward-looking monetary policy frameworks combined with transparent communication regarding inflation targets. The synthesis concludes that optimal monetary policymaking in emerging markets requires integrated approaches incorporating macroprudential measures, credible inflation targeting regimes, and coordinated fiscal-monetary responses to structural shocks.
Literature Review on the Scope of Macroeconomics Key Concepts, Theories, and Contemporary Issues Farzana, Aszra Iman
International Journal of Economics, Science, and Education Vol. 2 No. 1 (2025): International Journal of Economics, Science, and Education (IJESE)
Publisher : CV Pena Jaya Pers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65254/ijese.v2i1.68

Abstract

Macroeconomics, as a pivotal branch of economic science, examines aggregate economic phenomena such as national income, employment levels, price stability, economic growth, and balance of payments, distinguishing itself from microeconomics by focusing on economy-wide interactions rather than individual agents. This literature review synthesizes key scholarly works to delineate the scope of macroeconomics, tracing its theoretical evolution from classical foundations emphasizing market self-regulation and Say's Law through Keynesian revolutions that introduced demand-side management and government intervention, to modern paradigms like New Classical, New Keynesian, and Real Business Cycle theories, which incorporate rational expectations, microfoundations, and supply- side shocks. The review highlights core concepts including Gross Domestic Product (GDP) measurement and its circular flow, inflation-unemployment trade-offs via the Phillips Curve, fiscal and monetary policy instruments for stabilization, and international macro issues like exchange rates and trade balances. Drawing from seminal sources such as policy overviews, historical research trajectories, and NBER analyses of contemporary models, it identifies persistent debates on policy effectiveness post-global financial crises and amid digital transformations, including post-COVID recovery dynamics and sustainable growth challenges. Despite advancements, gaps remain in integrating behavioral insights, climate risks, and technological disruptions into macroeconomic frameworks, underscoring the need for interdisciplinary approaches. This synthesis not only maps the expansive terrain of macroeconomic inquiry but also offers implications for policymakers in emerging economies like Indonesia, advocating adaptive strategies to foster stability and inclusive growth. Future research should prioritize empirical validations of hybrid models to address evolving global uncertainties.
Human Resource Analytics And Strategic Decision-Making In Human Resource Management: A Systematic Literature Review Sunaryadi, Drajat
International Journal of Economics, Science, and Education Vol. 2 No. 5 (2025): International Journal of Economics, Science, and Education (IJESE)
Publisher : CV Pena Jaya Pers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65254/ijese.v2i5.69

Abstract

Purpose:This study aims to systematically review the role of Human Resource Analytics (HRA) in supporting strategic decision-making in Human Resource Management. Design/methodology/approach: A systematic literature review was conducted using peer-reviewed articles indexed in Scopus and SINTA, following PRISMA guidelines with defined inclusion and exclusion criteria. Findings:The results show that Human Resource Analytics enhances strategic HR decision-making in areas such as workforce planning, performance management, talent acquisition, and employee retention. Key dimensions frequently discussed include data quality, analytical capability, technological infrastructure, and managerial support. Research limitations/implications: This review is limited to selected databases and time periods. Future studies should apply longitudinal designs and examine mediating and moderating variables across different organizational contexts. Practical implications:Managers and HR practitioners can use Human Resource Analytics to improve evidence-based strategic HR decisions by strengthening analytical skills and data governance. Originality/value:This study provides an integrated overview of Human Resource Analytics and identifies key themes and directions for future research. Paper type:Literature review
Theoretical Perspectives on Goods Market Equilibrium and Market Structure in The Indonesian Economy Ilmiyah, Alfiyatun; Pratama, Devangga Putra Adhitya; Arifin, Syamsul; Aprilia, Novita
International Journal of Economics, Science, and Education Vol. 2 No. 3 (2025): International Journal of Economics, Science, and Education (IJESE)
Publisher : CV Pena Jaya Pers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65254/ijese.v2i4.71

Abstract

Purpose: This study examines theoretical perspectives on goods market equilibrium and links them to the heterogeneous market structure of the Indonesian economy to develop an integrated analytical framework. Design/methodology/approach: Hybrid systematic–scoping literature review following PRISMA guidelines and synthesizes macroeconomic and industrial organization theories through thematic coding and narrative analysis. Findings: The Indonesian’s good market equilibrium is structurally mediated by sectoral market concentration, pricing power, and regulatory arrangements, which influence output adjustment and fiscal policy transmission. Research limitations/implications: The study relies on literature synthesis without primary empirical testing, indicating the need for future quantitative research integrating concentration measures into macroeconomic models. Practical implications: The results suggest that policymakers should incorporate market structure considerations into fiscal and competition policies to improve economic stability and policy effectiveness. Originality/value: This study offers an integrative framework that bridges macroeconomic equilibrium theory with industrial organization analysis in the Indonesian context. Paper type: Literature review.

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