Jurnal Ekonomi dan Studi Pembangunan (JESP)
Jurnal Ekonomi dan Studi Pembangunan focuses on scientific papers related to development economics include critical analysis of economic development issues, local economic development, community economic development, economic growth, international trade and finance, fiscal and monetary policy, welfare economy, and development policy concering the Small and Medium Entreprises. Special consideration is given to research paper that critically studies using multi perspectives such as sosio-economic, cultural-economic, political-economic, historical and geographical, and technological perspectives.
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Estimating Inclusiveness of Growth in Sub-Sahara African Countries: a VAR Approach
Kehinde Kabir Agbatogun;
Sunday Idowu Oladeji;
Adewale Abiodun Adegboye
Jurnal Ekonomi dan Studi Pembangunan Vol 14, No 2 (2022)
Publisher : Universitas Negeri Malang
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DOI: 10.17977/um002v14i22022p136
The study examined the interaction among income inequality, economic growth, and poverty with a view of assessing the extent of inclusiveness of growth in selected African countries. Using a dataset from World Development Indicators (WDI) and Standardized World Income Inequality Dataset (SWIID), the study adopted Vector AutoRegression (VAR) method in its econometric analysis. Its findings show that only "West" African countries exhibit partial traits of inclusiveness of growth. Thus, the study recommends the provision and implementation of distributional and growth-oriented macroeconomic policies, as well as investment in public infrastructure to spread the benefits of growth to all in African countries.
Will Demographic Changes Affect Monetary Policy with Interest Rate Shocks in Indonesia?
Ciplis Gema Qori'ah;
Catur Sugiyanto;
Amirullah Setya Hardi
Jurnal Ekonomi dan Studi Pembangunan Vol 14, No 2 (2022)
Publisher : Universitas Negeri Malang
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DOI: 10.17977/um002v14i22022p182
Changes in the demographic structure and its impact on the economy are becoming interesting issues in almost all countries in the world, including Indonesia. Until 2030, the working age group dominates almost 60 percent of the total population in Indonesia. This phenomenon is a valuable asset which should be used optimally. Moderate adjustment of interest rate policy is an effort applied by Bank Indonesia to maximize the access to credit and public savings. Therefore, this study aims to determine the effect of demographic aspects and the real sector on the effectiveness of monetary policy in the presence of interest rate shocks. This study employed time series data with a time period of 1987Q1 – 2020Q4 in Indonesia. The analysis was performed by using time varying parameter-vector autoregressive (TVP-VAR) and fully modified-ordinary least square (FM-OLS). The results revealed that the population and the elderly population aspects had significant positive effects on the monetary policy, while the variable of productive age and the number of dependence aspects has significant negative effects. The relationship between the real sector and the monetary policy has a different relationship, such as a positive relationship between the savings and technology variables and the domestic credit variable which has a significant negative relationship with the monetary policy.
The Effect of Fiscal Decentralization on Economic Development Performance in Indonesia
Muhamad Armawaddin;
Wali Aya Rumbia;
Ahmad Ahmad
Jurnal Ekonomi dan Studi Pembangunan Vol 14, No 2 (2022)
Publisher : Universitas Negeri Malang
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DOI: 10.17977/um002v14i22022p171
The purpose of this study is to test and analyze the influence of fiscal decentralization on development performance in Indonesia using the structural equation model approach. The data uses panel data, from 34 provinces and in 2015-2019 sourced from the Ministry of Finance of the Republic of Indonesia and the Central Bureau of Statistics (BPS). Data analysis using structural equation model approach with the help of Smart-PLS 3.3.3 software. The outer model evaluation results concluded that all indicators of fiscal decentralization variables and economic development performance variables are valid. The most powerful indicator reflecting the latent variable of fiscal decentralization is the ratio of regional income and economic development performance is an indicator of economic growth. The results of the evaluation of the inner model found that fiscal decentralization performance has a positive and significant influence on development performance. The existence of fiscal inequality among provinces in Indonesia causes uneven ratios of capital expenditures and public incomes as seen from the low indicator in reflecting decentralization of fiscal and economic performance
Impacts of Off-Farm Income on Technical Efficiency of Rice Farming: Correction to Bias
Harmini Harmini;
Harianto Harianto;
Feryanto Feryanto;
Netti Tinaprilla;
Maryono Maryono
Jurnal Ekonomi dan Studi Pembangunan Vol 14, No 2 (2022)
Publisher : Universitas Negeri Malang
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DOI: 10.17977/um002v14i22022p198
Most of Indonesia's rice farming households are small-scale, with farming income equivalent to below the poverty line. Sources of income from outside the farm can be a complement to the low income obtained from farming. The purpose of the study was to analyze the effect of off-farm income on the technical efficiency of rice farming. This study employed secondary data and analyzed using the stochastic production frontier model, with corrections for the bias associated with the observed and unobserved variables first. This study showed that the education level of the head of the household had a significant positive effect on the opportunity to obtain off-farm income. Land area and fertilizer have a significant effect on increasing rice farming production. Rice farming in the household group without off-farm income has a relatively higher level of technical efficiency than the household group with off-farm income. Therefore, government policies regarding farmers' access to land and fertilizers are needed to increase rice production. Opportunities for farm households to obtain off-farm income will be even greater if policies enable them to obtain a better education.
Impact of Monetary Policy on Consumption and Investment in Indonesia
Tiara Nirmala;
Catur Sugiyanto;
Muhammad Edhie Purnawan
Jurnal Ekonomi dan Studi Pembangunan Vol 14, No 2 (2022)
Publisher : Universitas Negeri Malang
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DOI: 10.17977/um002v14i22022p243
Monetary policy transmission mechanism has a complex process since its implementation it involves changes on banking sector, economic actors, the length of time in implementing policies, as well as changes in monetary policy transmission channels according to economic condition of the country. This study aims to examine how consumption and investment respond to monetary shocks that occur in Indonesia. These results indicate that the impact of monetary policy on consumption due to changes in interest rates is larger and more sensitive than investment, according to the impulse response test. The main channel of the effect of policy shocks obtained from consumption is transmitted to output. Therefore, the monetary policy issued by Bank Indonesia will have a greater impact on household spending than corporate spending. This means that channel consumption is the main mechanism of transmission.
Technical Efficiency Analysis of MSMEs Fashion Offline and Online in Surabaya
Atik purmiyati;
Tamat Sarmidi;
Reza Pradipta
Jurnal Ekonomi dan Studi Pembangunan Vol 14, No 2 (2022)
Publisher : Universitas Negeri Malang
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DOI: 10.17977/um002v14i22022p214
The main purpose of this study is analyzing the level of technical efficiency of MSMEs fashion offline with offline and online in Surabaya, examine the differences between offline with offline and online, and determine the factors that affect technical efficiency. This study uses purposive sampling method with primary data. Non-parametric and parametric approach used with Data Envelopment Analysis, Independent sample T-Test and Tobit Regression. First, the results showed the average level of technical efficiency of offline MSMEs fashion was 65 percent with 8 efficient businesses. Meanwhile, the average level of technical efficiency of online and offline MSMEs fashion is 77.1 percent with 20 efficient businesses. Second, there are differences in the average efficiency of offline and online MSMEs fashion. The result of Tobit Regression on the offline MSMEs fashion show the length of business and number of store offline have positive and significant impact on technical efficiency, while number of workers and capital credit has no significant effect. While on offline and online MSMEs fashion, show the number of online stores and capital credit has a positive and significant impact on technical efficiency, while the length of business and the number of offline stores have no significant effect.
Human Capital and Environmental Quality in Cameroon
Neba Cletus Yah;
Henri Ndame Makembe
Jurnal Ekonomi dan Studi Pembangunan Vol 14, No 2 (2022)
Publisher : Universitas Negeri Malang
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DOI: 10.17977/um002v14i22022p258
The aim of this paper is to analyze the impact of human capital, notably education, on environmental quality in Cameroon. Used is made of ARDL bound testing techniques to analyze annual data spanning the period 1971-2019. The data was obtained from the World Development Indicators published by the World Bank website. The results show a positive impact of human capital development on environmental quality. Also, evidence was found to support the existence of the environmental Kuznets curve in the context of Cameroon. These results indicate that the government of Cameroon can improve on its environmental quality by developing the human capital of its citizens. This can be done by enhancing environmental education in the country.
Exploring Education Gini on a Smaller Scale: How Education Inequality Differs among Districts
Nenny Hendajany;
Deden Rizal Riyadi;
Nor Aznin Abu Bakar
Jurnal Ekonomi dan Studi Pembangunan Vol 14, No 2 (2022)
Publisher : Universitas Negeri Malang
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DOI: 10.17977/um002v14i22022p122
Decentralization creates a need to discuss education inequality on a smaller scale to formulate a better development policy. This study aims to give insights on how education inequality can vary across districts depending on the characteristics attributed to the said region. By calculating education Gini indices, we found that regencies and agricultural districts tend to experience worse education inequality than municipalities and non-agricultural districts. Adding to that, using panel data regressions, we also found that the data shows the opposite of education Kuznets curves, contradicting some of the previous studies. This study contributes to the literature by highlighting the importance of measuring education inequality in a smaller scale to improve the accuracy of development policies.
The Impact of Macroeconomic Effect and Fiscal Policy on Poverty in Indonesia
Hadi Sumarsono;
Ermita Yusida;
Suhaili Alma’amun
Jurnal Ekonomi dan Studi Pembangunan Vol 14, No 2 (2022)
Publisher : Universitas Negeri Malang
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DOI: 10.17977/um002v14i22022p230
Poverty is a problem that must be overcome immediately by a developing country. Therefore, various efforts were made to find factors that significantly affect poverty in order to design an alleviation strategy. This study aims to determine the impact of macroeconomic effect and fiscal policy on poverty poverty in all the Indonesian provinces from 2018 to 2020. The macroeconomic effect proxied by unemployment, Human Development Index (HDI), investment, and economic growth. Besides that, the fiscal policy proxied by social assistance. The data analysis used in this study is panel data. The time-series data used are from 2018 to 2020, and the cross-section data used is from 34 provinces in Indonesia. The model selected in this study is the Fixed Effect Model (FEM). This study found that unemployment had a significant positive effect, and HDI had a significant negative impact on poverty in Indonesia. In contrast, social assistance did not have a significant impact. Simultaneously, unemployment, HDI, and social assistance exert a significant influence.
Analyzing the Characteristics of Highly Educated Unemployment in Indonesia’s Capital City
Febrim Leksiando Sipayung;
Andi Fefta Wijaya;
Fadillah Putra;
Natsumi Aratame
Jurnal Ekonomi dan Studi Pembangunan Vol 14, No 2 (2022)
Publisher : Universitas Negeri Malang
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DOI: 10.17977/um002v14i22022p153
Indonesia’s capital city, Jakarta, is facing a problem of highly educated unemployment, a phenomenon that has become a very serious issue as Indonesia's population continues to increase facing the demography dividend. This study aims to analyze the characteristics of highly educated unemployment in Jakarta, the biggest city in Indonesia. The logistic a regression model is used to analyze the labor force associated with important aspects such as highly educational attainment, age, gender, marital status, and status in the household. This study finds that being less-educated, young, male, single, and member of the household respectively increase the probability of being unemployed. However, it also finds that the total effect of highly educational attainment on the probability of employment peaks maximum value when the labor forces are single and head of the household and drops to the lowest value when the labor forces are married and member of the household.