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Editor in Chief Thomas Soseco, Universitas Negeri Malang (Scopus ID: 57194284145), Indonesia Editorial Board Dr. Inayati Nuraini Dwiputri, Universitas Negeri Malang (Scopus ID: 57213149507), Indonesia Ekaterina Meltenisova, Novosibirsk State University (Scopus ID: 56731311600), Russian Federation Etty Soesilowati, Universitas Negeri Malang (Scopus ID: 57194207100), Indonesia Prof. Imam Mukhlis, Universitas Negeri Malang (Scopus ID 57198446914), Indonesia Prof. Irwan Trinugroho, Ph.D, Universitas Sebelas Maret (Scopus ID: 56178586300), Indonesia Prof. Devanto Shasta Pratomo, Ph.D, Universitas Brawijaya (Scopus ID: 37005935600), Indonesia Febry Wijayanti, Universitas Negeri Malang (Scopus ID: 57216149842), Indonesia Yudistira Hendra Permana, Ph.D, Universitas Gadjah Mada (Scopus ID: 57194026381), Indonesia Assoc. Prof. Dr. Nasikh Nasikh, Universitas Negeri Malang (Scopus ID: 57192685029), Indonesia Bagus Shandy Narmaditya, Ph.D, (Scopus ID: 57194286237) Faculty of Economics, Universitas Negeri Malang, Indonesia Prof John Lynham, University of Hawai'i (Scopus ID: 24833243300), United States Lustina Fajar Prastiwi, Universitas Negeri Malang, Indonesia Dr. Richardson Kojo Edeme, Department of Economics, University of Nigeria (Scopus ID: 57196469833), Nigeria Assoc. Prof. Mahirah Kamaludin, Universiti Malaysia Terengganu (Scopus ID: 56102066600), Malaysia Assoc. Prof. Dr. Thanet Wattanakul, Khon Kaen University (Scopus ID: 56195492400), Thailand
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INDONESIA
Jurnal Ekonomi dan Studi Pembangunan (JESP)
Published by Universitas Negeri Malang
ISSN : 25027115     EISSN : 20861575     DOI : 10.17977
Core Subject : Economy,
Economics, Econometrics & Finance
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.
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 10 Documents
 1 
Search results for , issue "Vol 17, No 2 (2025)" : 10 Documents clear
Is Trade Openness a Supportive Instrument for Human Development: A New Look on Newly Industrialized Economies Tufail Hussain; Teguh Yudo Wicaksono
Jurnal Ekonomi dan Studi Pembangunan Vol 17, No 2 (2025)
Publisher : Universitas Negeri Malang

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Abstract

Formulating policies to enhance human well-being requires an urgent need to understand the drivers of human well-being. Therefore, the current study has proposed the socio and economic factors to investigate the main and moderate role of trade openness on Human Development for newly industrialized economies over 1990-2021. Current study shows the association between gross national income, urbanization, trade openness, labor force participation, foreign direct investment, and financial development. This study employs the fully modified and dynamic ordinary least square for the reliable outcome. Empirical findings show that gross national income, urbanization, financial development, and labor force participation increase human development. Likewise, the long-term association of FDI has an insignificant impact on human development. Moreover, the main effect of trade openness significantly contributes to human development. In contrast, the moderate effect of openness with financial development and labor force shows a significant improvement in human development. Similarly, the moderate effect with FDI shows an insignificant contribution to human development. This study proposes the imperative policy implications for the NIC economies to boost human development.
Competitiveness of the Secondary Sector in North Kalimantan: Quantifying the Socio-economic Impact Djuanda Hatta; Rusdy Setiawan; Sendi Aulia Fiantika; Echa Asinah
Jurnal Ekonomi dan Studi Pembangunan Vol 17, No 2 (2025)
Publisher : Universitas Negeri Malang

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Abstract

The weak support for the secondary sector in providing value-added to the primary sector can potentially become a problem in increasing GRDP in North Kalimantan. This research aimed to measure the competitiveness of the secondary sector in each region in North Kalimantan and find out how socio-economic factors influence it. Quantifying competitiveness by combining the three methods, LQ, GRM, and Shift-Share analysis, was the new method. Meanwhile, Panel data regression was carried out to determine the influence of socio-economic variables on competitiveness, which consisted of Government Expenditure, Direct Investment, and Human Development Index. Based on the results of the competitiveness analysis, it was known that the two regions, namely the municipal area, Tarakan, and the provincial capital district, Bulungan, consistently showed competitive secondary sectors. Meanwhile, Tana Tidung, Nunukan, and Malinau Regencies had not developed in their secondary sectors. The regression analysis results showed that the socio-economic factors in each region had not been able to support the competitiveness. Increasing support for the secondary sector still needs to be enhanced with government, private sector, and socio-economic society support.
The Impact of Dams on Regional Economic Growth: Empirical Evidence from National Strategic Projects in Indonesia Muhammad Nur Hidayat; Irfani Fithria Ummul Muzayanah
Jurnal Ekonomi dan Studi Pembangunan Vol 17, No 2 (2025)
Publisher : Universitas Negeri Malang

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Abstract

This study analyzes the impact of dam operations on regional economic growth in Indonesia by applying the economic base theory within a Difference-in-Differences (DiD) framework. The panel dataset covers 259 regencies/municipalities surrounding 48 National Strategic Project (PSN) dams, categorized into core regions, immediate neighbors, and second-tier neighbors over the 2018–2023 period. The results indicate that dam operations significantly increase Gross Regional Domestic Product (GRDP) in agrarian regions, with estimated gains of IDR 2.6 trillion in core regions and IDR 2.4 trillion in immediate neighbors, while effects remain statistically insignificant in non-agrarian regions. Trend analysis indicates a declining positive impact in agrarian core regions, an increasing negative impact in non-agrarian core regions, and a strengthening positive impact in neighboring areas. These findings underscore the relevance of economic base theory in explaining spatial variations of dam impacts and provide insights for developing more contextual and sustainable strategies to maximize the benefits of dam infrastructure.
The Effect of Local Government Spending Behavior on Local Economic Growth in Indonesia Arsy Fajriar; Khoirunurrofik Khoirunurrofik
Jurnal Ekonomi dan Studi Pembangunan Vol 17, No 2 (2025)
Publisher : Universitas Negeri Malang

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Based on the relevant theory, it is clear that the effect of government expenditure on local economic growth depends not only on government size but also on its timeliness. Slow and back-loaded expenditure will reduce its impact on the economy. Through the dynamic panel data methods, this study comprehensively measures the effect of local spending behavior in the form of year-end spending spikes on local economic growth in Indonesia. This study uses a new database that covers 462 districts/cities in Indonesia, from 2016 to 2019. According to the estimation findings, an increase in year-end spending spikes by one percentage point would reduce real GRDP growth by 0.0590 percentage points and is statistically significant at 5%.
Sustainable Economic Development and Digital Payments on Public Consumption Demand: Evidence from Indonesia Binti Mindawati; Ris Yuwono Yudo Nugroho
Jurnal Ekonomi dan Studi Pembangunan Vol 17, No 2 (2025)
Publisher : Universitas Negeri Malang

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Abstract

The COVID-19 outbreak has influenced Indonesia's economy and prompted an investigation. The study aims to assess the impact of sustainable economic development and digital payments on household consumption demand in Indonesia. It employs consumption theory, sustainable development theory, and digital payment systems. The study's independent factors include Gross Regional Domestic Product (GRDP), population density (PD), the Human Development Index (HDI), the Environmental Quality Index (EQI), electronic money (EM), debit cards, ATMs, and credit cards. The dependent variable is household consumption demand (CD). The data consists of a combined panel of annual data from 2020 to 2023 and cross-sectional data from 33 Indonesian provinces obtained from the Bank Indonesia and Central Bureau of Statistics websites. The research takes a quantitative approach and incorporates panel data analysis techniques. The data analysis techniques utilized are the Hausman Test, Heteroskedasticity Test, Correlation Test, Pesaran's CSD Test, FGLS Test, and PCSE Test. The findings suggest that sustainable economic development, as measured by GRDP, has a favorable and significant impact on household consumption. Population density has a favorable and considerable impact on household consumption. The HDI has a large negative impact on household consumption, whereas the household EQI has a positive and significant effect. Digital payments, particularly credit cards, have a favorable and considerable effect on household consumption. Improving health and education can increase people's awareness of a healthy lifestyle, reducing their consumption of unhealthy or unnecessary goods.
Determinant of Import in Indonesia Muhamad Yunanto; Henny Medyawati
Jurnal Ekonomi dan Studi Pembangunan Vol 17, No 2 (2025)
Publisher : Universitas Negeri Malang

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Trade activities such as imports are a research theme that remains interesting to research. This research was conducted to analyze the effect of inflation, Gross Domestic Products (GDP), Bank Indonesia interest rate (BI rate) and exchange rates for Indonesian imports. This study used quarterly time series data from 2010-2022 from Bank Indonesia and the Central Bureau of Statistics, using the Vector Error Correction Model (VECM) as the estimation tool. The main finding was that, in the short run GDP and inflation has no impact on the import. However, Birate and exchange rate variable has a positive and significant impact on the import. In the long run, the results show that the variables, GDP and BI rate have positive and significant on imports. The main contribution of this research is the use of interest rates (Birate-BI7 Day Reverse Repo Rate) to predict imports which has not been widely used by researchers in Indonesia
Pattern of Community Economic Empowerment in Slump Area in Mojo Village Bambang S. Pujantiyo
Jurnal Ekonomi dan Studi Pembangunan Vol 17, No 2 (2025)
Publisher : Universitas Negeri Malang

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Physical reorganization programs in some slum areas have been carried out massively by the government, but there has been no initiative to empower the community's economy, so it is very important to know how the pattern is being carried out independently. This study aims to analyze the pattern of community economic empowerment, especially related to community income as a result of physical reorganization in the Mojo slum area in Surakarta city. However, until now there has been no analysis of the income of the Mojo community after the implementation of the physical reorganization program. So to be able to find out, a qualitative descriptive methodology is used by collecting data through document studies and interviews with stakeholders and local communities. Based on secondary data and observations, an analysis of life sustainability was carried out using pentagonal assets, so that reliable assets could be known, and from the interview results it was known the impact on community income and empowerment patterns. As a result, it can be seen that in the pattern of implementing community empowerment independently, the role of intermediaries is very dominant, and in the end can provide resilience in the income level of the community. So it can be said that the increase in community income as one of the indicators in the economic empowerment of the community in Mojo is strongly influenced by the pattern and important role of intermediaries.
The Impact of Fiscal Incentives on Total Cost of Electrified Vehicle Ownership in Indonesia Riyanto Riyanto
Jurnal Ekonomi dan Studi Pembangunan Vol 17, No 2 (2025)
Publisher : Universitas Negeri Malang

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The Indonesian government has provided fiscal incentives to develop a battery electric vehicle (BEV) market, such as luxury goods tax (PPnBM) exemptions, vehicle title transfer fee (BBNKB) reduction, and motor vehicle tax (PKB) reduction for BEV users. With several fiscal incentives, BEV prices are expected to compete with Internal Combustion Engine Vehicle (ICEVs), thus consumers will switch to buying and using BEVs. Consumers, however, do not solely consider the price of BEVs; they also consider the total cost of ownership (TCO). In that regard, this study aims to construct a TCO model and calculate the total cost of ownership of Electrified Vehicles (x-EVs) and ICEVs. This study also attempts to analyze the impact of various fiscal incentives on the TCO of BEV. The result of this study shows that (1) without any fiscal incentives, the amount of x-EV’s TCO (Total Cost of Ownership) is comparably higher than that of ICEV; (2) PHEV’s and HEV’s TCOs are lower than the TCO of ICEV with the provision of PPnBM-free incentives and PPnBM reduction respectively; and (3) three fiscal incentives (PPnBM exemption and BBNKB and PKB discount) are urgently required to lower the TCO of BEV and penetrate the Indonesian market.
Environmental Degradation and Economic Growth in African Low-Income Economies Kehinde Kabir Agbatogun; Adenuga Fabian Adekoya; Adekunle Ademayowa Adebayo; Mabayoje Albert Sennuga; Adeniyi Marcus Oresanwo
Jurnal Ekonomi dan Studi Pembangunan Vol 17, No 2 (2025)
Publisher : Universitas Negeri Malang

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The study investigated the validity of the environmental Kuznets curve hypothesis regarding the relationship between economic growth and environmental sustainability in low-income African economies, emphasising the impact of financial system development on the pace of urbanisation, utilising data from the World Development Indicators, and employing panel ARDL-AMG techniques. The unit root tests indicate that the variables have a different order of integration. The cross-sectional dependency test, on the other hand, confirmed that the sections are dependent on each other across time. The cointegration test showed a long-term relationship across the whole model. This proved that the second-generation panel unit root test worked, which in turn confirmed what the first-generation test had found. After using the AMG method with a mixed integration order and taking into account the cross-sectional dependence issue, the results indicated that the environmental Kuznets curve was supported by the significant positive and negative GDP per capita and GDP per capita squared coefficients. This evidence points to a nonlinear, inverted U-shaped relationship between economic growth and environmental sustainability. In low-income African economies, urbanisation and financial development have the least positive and negative effects, respectively.
Towards Economic Resilience and Food Security: Leveraging Livelihood Capital and Technology for Farmer Adaptation in East Java, Indonesia Bunga Hidayati; Eko Setiawan; Fitri Candra Wardana; Dini Atikawati; Maharani Pertiwi
Jurnal Ekonomi dan Studi Pembangunan Vol 17, No 2 (2025)
Publisher : Universitas Negeri Malang

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The agricultural sector's contribution in East Java Province has diminished, primarily due to the prevalence of traditional farming practices, reliance on climate variability, and limited adoption of modern technology. These challenges result in seasonal poverty and heightened vulnerability for many farmers, impacting their economic resilience and food security. This study examines the impact of various livelihood assets on farmers' adaptive capacities in East Java, utilizing Structural Equation Modelling-Partial Least Squares (SEM-PLS) to explore both direct and indirect relationships between livelihood capital and adaptation levels. The findings reveal that livelihood capital significantly enhances farmers' adaptive capacities directly and indirectly. Moreover, strong livelihood capital contributes positively to farmers’ resilience to climate change, thus promoting food security in the region. These results underscore the crucial role of bolstering livelihood capital as an effective strategy to enhance farmers' adaptive capacity and address vulnerability challenges, ultimately supporting food security.

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