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 298 Documents
Analisis Faktor-Faktor yang Mempengaruhi Industrialisasi di ASEAN Tahun 2009-2023 Asy Syifa Rizki Utami; Fitrah Sari Islami; Yustirania Septiani
Diponegoro Journal of Economics Vol 14, No 3 (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.53513

Abstract

Industrialization plays a crucial role in the economy as it is widely regarded as a key development strategy for achieving high economic growth and sustainable development. However, the contribution of the industrial sector to Gross Domestic Product (GDP) in the ASEAN region has tended to decline following the 2008 global financial crisis. This study aims to evaluate the effects of Foreign Direct Investment (FDI), domestic credit, human capital, and trade openness on the industrialization process in six ASEAN countries over the period 2009–2023. The research employs a descriptive analysis combined with a quantitative approach using a dynamic panel data model. The findings reveal that FDI and trade openness have a positive and significant impact on industrialization, while domestic credit exerts a negative and significant effect. Meanwhile, human capital shows a negative but statistically insignificant influence on industrialization. The novelty of this study lies in its use of recent post-crisis data and a dynamic panel framework to simultaneously assess financial, human capital, and trade factors in explaining the declining trend of industrialization in ASEAN countries. Therefore, governments in the six ASEAN countries need to strengthen financial sector regulation and supervision to maintain stability and anticipate potential crises that may hinder the pace of industrialization.
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.
Financial Development, Human Capital, and Investment in 7 ASEAN Countries: A Triangular Analysis of Economic Growth Regina Safira Amaranti; Akhmad Syakir Kurnia
Diponegoro Journal of Economics Vol 14, No 3 (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.52526

Abstract

Economic growth is the main goal of all countries in the world, both developed and developing countries. Initially, growth theory only emphasized labor, capital, and natural resources, yet it often overlooked the contribution of financial systems. The financial sector will trigger economic growth through its intermediary function. The objective of this study is to see the influence of financial sector development, human capital, and investment in boosting economic growth in 7 ASEAN countries. This study employs secondary data, including gross domestic product (GDP), the ratio of broad money to GDP, the ratio of domestic credit to GDP, gross fixed capital formation, and the education index, utilizing a fixed effects model with the generalized least squares (GLS) approach as the analytical tool to estimate the regression model. The results of this study are that the ratio of broad money to GDP has a negative effect on economic growth in 7 ASEAN countries. Meanwhile, the ratio of credit to GDP, gross fixed capital formation, and the education index have a positive effect on economic growth in 7 ASEAN countries. We therefore contribute to the literature by adding the theory of economic growth, which subsequently impacts the real sector.
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.
Analisis Perbandingan Efek Arus Modal Investor Domestik dan Asing terhadap Perubahan IHSG Krisna Darmawan; Vitriyani Tri Purwaningsih; Muhammad Mufti Hudani
Diponegoro Journal of Economics Vol 14, No 3 (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.50695

Abstract

This study aims to analyze and compare the impact of capital flows from domestic investors and foreign investors on changes in the Composite Stock Price Index (IHSG) on the Indonesia Stock Exchange. Capital flows are analyzed based on eight transaction categories classified according to the type of participant (foreign and domestic investors) and the type of transaction (value and volume). The method used is multiple linear regression with time series data of 476 observations from 2023 to 2024 sourced from the Indonesia Stock Exchange. The results indicate that transactions by domestic investors from foreign investors, show negative coefficients, implying a downward pressure on the IHSG. This study compares the effects of both domestic and foreign investors, providing an examination from the perspective of transaction types. The originality of this research lies in its disaggregated and direct comparison of domestic and foreign investor transactions within a unified empirical framework, whereas most existing studies focus primarily on foreign flows alone.
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.
Analisis Kritis Kebijakan Hilirisasi Kelapa Sawit Indonesia Novyandra Ilham Bahtera; Manuntun Parulian Hutagaol; Harianto Harianto
Diponegoro Journal of Economics Vol 14, No 3 (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.48521

Abstract

Indonesia's palm oil industry is a key pillar of the national economy, contributing significantly to exports and downstream industrial development. To encourage downstreaming, increase product added value, and reduce dependence on raw material exports, the government implemented a Crude Palm Oil (CPO) export levy policy. This study analyzes the impact of this policy on exports, domestic processing capacity, and the competitiveness of palm oil products using a literature review and qualitative descriptive analysis. The results show that the export levy policy has succeeded in increasing the proportion of high-value-added processed exports, such as biodiesel and oleochemicals, while also boosting domestic industrial capacity, job creation, and foreign exchange earnings. However, a negative outcome has been the decline in export market share for raw CPO, reflecting that the transition to processed products remains suboptimal. Additionally, challenges such as non-tariff barriers, international price fluctuations, and global competition continue to affect policy implementation. In conclusion, to enhance the effectiveness of downstreaming policies, it is necessary to strengthen investment in processing technology, diversify export markets, and implement sustainability practices. These strategic steps are expected to improve global competitiveness, support the long-term sustainability of the Indonesian palm oil industry, and deliver more optimal economic benefits over time. This study contributes to the literature by providing a comprehensive upstream–downstream assessment of Indonesia’s CPO export levy policy, highlighting its role in promoting downstreaming and value-added exports while revealing persistent structural and competitiveness challenges.
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.