cover
Contact Name
Aris Munandar
Contact Email
arismunandar@lecturer.undip.ac.id
Phone
+6285157115203
Journal Mail Official
djoe@live.undip.ac.id
Editorial Address
Departemen Ilmu Ekonomi dan Studi Pembangunan, Fakultas Ekonomika dan Bisnis, Universitas Diponegoro, Jl. Prof. Moeljono S. Trastotenojo, Tembalang, Kec. Tembalang, Kota Semarang, Jawa Tengah 50275
Location
Kota semarang,
Jawa tengah
INDONESIA
Diponegoro Journal of Economics
Published by Universitas Diponegoro
ISSN : 23373814     EISSN : 29631688     DOI : -
Core Subject : Economy,
Media publikasi karya ilmiah lulusan S1 Prodi Ilmu Ekonomi dan Studi Pembangunan Fakultas Ekonomika dan Bisnis Universitas Diponegoro yang berisi tentang kajian pembangunan dan kajian ekonomi beserta seluruh aplikasinya.
Arjuna Subject : -
Articles 5 Documents
Search results for , issue "Vol 14, No 2 (2025)" : 5 Documents clear
External Debt and Economic Growth Nexus in ECOWAS Countries: Moderating Effect of Governance Adamu Jibir; Stephen Sofah
Diponegoro Journal of Economics Vol 14, No 2 (2025)
Publisher : Faculty of Economics and Bussiness, Universitas Diponegoro, Semarang, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/djoe.53342

Abstract

The impact of external debt on economic growth remains a pivotal yet unresolved question for developing economies, particularly in the ECOWAS region. This study argues that the quality of governance is the key to unlocking this puzzle. While external debt can be a catalyst for development, its benefits are often contingent on the institutional environment in which it is managed. To investigate this dynamic, we employ the Cross-Sectionally Augmented Autoregressive Distributed Lag (CS-ARDL) model—a method chosen for its robustness in handling the statistical challenges of panel data, such as cross-sectional dependence. Our analysis of ECOWAS nations from 2000 to 2023 yields two central findings. First, we confirm a nonlinear relationship, consistent with the Debt Laffer Curve, where moderate debt supports growth, but excessive debt becomes detrimental. Second, and more significantly, we find that governance quality critically moderates this relationship. Strong institutions not only enhance the positive effects of debt but also act as a buffer, mitigating associated risks like macroeconomic instability and exchange rate volatility. Conversely, weak governance exacerbates the downsides of borrowing. These findings underscore that effective debt management is inextricably linked to institutional reform. We therefore contribute to the literature by providing empirical evidence of how governance mechanistically shapes the debt-growth nexus, offering actionable insights for policymakers aiming to harness debt for sustainable development in West Africa.
Unveiling Global Healthcare Economics and Worker Migration Post-COVID-19: A Bibliometric Approach Carrenina Bonita Manek Here; Aluisius Hery Pratono
Diponegoro Journal of Economics Vol 14, No 2 (2025)
Publisher : Faculty of Economics and Bussiness, Universitas Diponegoro, Semarang, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/djoe.50837

Abstract

This article examines the evolving dynamics of global healthcare migration by identifying key topics, gaps, and economic frameworks that shape current debates on labour mobility. A bibliometric analysis of 933 manuscripts from Google Scholar, including 471 indexed in Scopus and Web of Science, published between 2020 and 2024, captures both the COVID-19 and post-pandemic periods. Using VOSviewer, five thematic clusters emerge across 79 keywords: (1) labour market inefficiencies in the Gulf Cooperation Council, (2) healthcare technology and dynamic labour markets, (3) efficiency and equity in migrant healthcare labour markets, (4) costs of employing expatriate healthcare workers, and (5) economics of digital transformation in healthcare work. The study highlights how labor market structures, economic incentives, and transaction costs shape the mobility of healthcare workers. Broader frameworks (i.e., systems theory, migration and labour market theories, human capital theory, technology acceptance, and digital economy perspectives) inform the analysis. As a novel contribution, this study provides a post-pandemic data-driven mapping of healthcare labour migration that integrates bibliometric analysis with economic theory to uncover underexplored digital and systemic drivers of global healthcare mobility. The findings call for policies that reduce wage inequities, lower the costs of migrant employment, strengthen the integration of human capital, and foster a resilient, future-ready healthcare workforce.
Comparing the Effect of Food Security on Life Expectancy in Kalimantan and Sulawesi Kurniawan Kurniawan; Made Kembar Sri Budhi; I Nyoman Mahaendra Yasa; Ni Made Tisnawati; Henrianto Henrianto; Desi Ade Trya
Diponegoro Journal of Economics Vol 14, No 2 (2025)
Publisher : Faculty of Economics and Bussiness, Universitas Diponegoro, Semarang, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/djoe.49293

Abstract

The second Sustainable Development Goal is to end hunger, achieve food security, improve nutrition, and promote sustainable agriculture. Food security is a key indicator for these goals. Maintaining food security is crucial to ensuring that no one goes hungry, allowing people to live healthy and long lives. This study offers new evidence explaining the influence of undernourishment, food insecurity, and stunting, with additional explanatory variables such as GDP per capita growth, education, access to adequate housing, and smoking, on life expectancy in Kalimantan and Sulawesi. This study uses panel data regression analysis techniques. It utilizes provincial-level secondary data from the Indonesian Central Bureau of Statistics for 2017-2023. Convincing evidence indicates that undernourishment has a negative and significant impact on life expectancy in Kalimantan (0.06), whereas it has no significant effect in Sulawesi. Education was the dominant variable with a positive and significant effect on life expectancy in Kalimantan (1.86) and Sulawesi (1.60). The variables of food insecurity, stunting, GDP per capita growth, access to adequate housing, and smoking did not significantly affect life expectancy in Kalimantan or Sulawesi. The path to increasing life expectancy is through education and food security maintenance. This research contributes to the literature by providing a comparative analysis of the food security-life expectancy nexus in the distinct Indonesian regions of Kalimantan and Sulawesi, offering original evidence for region-specific policy-making.
The Role of Islamic Financial Literacy in Shaping Economic Behavior: Evidence from Generation Z Putri Muninggar; Moh Shadam Taqiyyuddin Azka; Furqonul Haq; Ahmad Febriyanto
Diponegoro Journal of Economics Vol 14, No 2 (2025)
Publisher : Faculty of Economics and Bussiness, Universitas Diponegoro, Semarang, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/djoe.48925

Abstract

This study aims to examine the influence of Islamic financial literacy on the financial management behavior of Generation Z in Indonesia by extending the Theory of Planned Behavior (TPB). It explores how Islamic financial literacy shapes individuals’ attitudes, subjective norms, and perceived behavioral control, which subsequently influence their Sharia-compliant financial decisions. This research employs a quantitative approach, specifically using Structural Equation Modeling-Partial Least Squares (SEM-PLS) analysis. The findings reveal that Islamic financial literacy significantly enhances attitudes, subjective norms, and perceived behavioral control, all of which positively influence Islamic financial management behavior. This behavior is closely linked to improved financial decision-making, including saving habits, ethical investment choices, and long-term financial stability. By promoting Islamic financial literacy, this research highlights potential policy interventions to enhance financial inclusion and encourage participation in the Sharia-compliant financial sector. Strengthening financial capabilities among Generation Z can contribute to broader macroeconomic goals, such as reducing vulnerability to financial shocks and fostering equitable economic growth. This study contributes to the literature by extending the Theory of Planned Behavior to the Islamic financial context, specifically focusing on a generational cohort that will play a critical role in the future of Indonesia's Islamic economy.
A Dynamic Panel Model of Tourism Performance and Income Inequality in Indonesia Yusrin S Hasan; Roy Anshor; Fathimah Kurniawati; Annisa Pratiwi Katili; Zumran Ibrahim; Refinna Cesari Jacobus; Mega Nurannisa Hippy
Diponegoro Journal of Economics Vol 14, No 2 (2025)
Publisher : Faculty of Economics and Bussiness, Universitas Diponegoro, Semarang, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/djoe.50958

Abstract

This study investigates the dual role of tourism performance in shaping income inequality across Indonesia’s 33 provinces from 2014 to 2019. Although the sector’s contribution to the national economy declined during this period, its potential for future growth, particularly through youth-driven innovation, remains significant. Using a dynamic panel GMM approach, we analyze both the short and long-term effects of tourism performance on income inequality, capturing immediate and persistent impacts often overlooked in cross-sectional studies. Our findings reveal that tourism growth exacerbates income inequality in both temporal dimensions, underscoring the need for inclusive policies that engage stakeholders from government and businesses to local communities and youth innovators to ensure tourism becomes a driver of equitable development. As a novel contribution, this study systematically examines the immediate and sustained effects of tourism on wealth distribution while assessing causal relationships between income inequality and key economic indicators, including poverty levels, human development index, population dynamics, and unemployment. These insights advance understanding of the complex interplay between tourism development and socioeconomic disparities in Indonesia.

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