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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
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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 307 Documents
Basic and Potential Sectors Driving Economic Growth in Bulungan Regency Cancy Alexiana; Kurniawan Kurniawan; Karolus Sonu
Diponegoro Journal of Economics Vol 14, No 4 (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.54831

Abstract

Bulungan Regency, as the capital of North Kalimantan Province, can become a new growth center in the province. This study aims to identify the basic economic sectors and potential drivers of economic growth in Bulungan Regency. This study uses data from the Central Statistics Agency (BPS) of Bulungan Regency and North Kalimantan Province for 2023-2025. The data analysis technique used was the Location Quotient (LQ) to identify basic sectors and the Klassen Typology to identify potential sectors in Bulungan Regency. The data analysis shows that the basic sectors in Bulungan Regency are agriculture, forestry, and fisheries; industrial management, construction; water supply; waste management, waste and recycling; information and communication; real estate; government administration; defense; and mandatory social security; education; and other services. The data analysis also indicates that potential sectors in Bulungan Regency are construction and financial and insurance services. The Bulungan Regency government can provide significant support to these potential sectors by providing easier financial access. Investors have the opportunity to invest in several potential sectors. Investors can also invest in sectors that have developed and grown rapidly in Bulungan Regency. The contribution of this research lies in providing a comprehensive understanding of the basic and potential sectors that can drive economic growth in Bulungan Regency.
Complete Childhood Immunization and Child Health Outcomes: Evidence from Indonesia Ahmad Syahrul Fauzi; Sri Runtiningsih; Luthfi Ibnu Tsani; Karsinah Karsinah; Atik Ul Mussanadah
Diponegoro Journal of Economics Vol 14, No 4 (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.53978

Abstract

This study aims to examine the effect of complete childhood immunization on child health and growth outcomes in Indonesia, measured by morbidity history and Body Mass Index (BMI). This research is important because complete immunization coverage in Indonesia remains uneven, while child health is a strategic component in improving human capital quality and achieving the Sustainable Development Goals (SDGs). This study uses secondary data from the Indonesian Family Life Survey (IFLS) and applies a quantitative approach. The analysis employs a Probit model to estimate the relationship between complete immunization and child health outcomes. To address the potential endogeneity of immunization decisions, an Instrumental Variable Probit (IV Probit) model is also applied. The instrumental variables used are the distance to the nearest health facility and the cost of accessing vaccination services. The estimation results show that children who receive complete immunization have a 50.8% lower probability of experiencing morbidity requiring rest compared to children who do not receive complete immunization. In addition, complete immunization reduces the probability of children having abnormal BMI status (underweight or overweight) by 50.9%. These findings indicate that complete immunization significantly improves child health and nutritional status in Indonesia. The novelty of this study lies in the use of a causal inference approach through the IV Probit model to address endogeneity bias in immunization decisions, as well as in measuring the impact of immunization not only on morbidity but also on child growth indicators through BMI.
The Impact of Human Development Quality on Poverty: Evidence from Panel Data of South Sulawesi Province Ibnoe Ramadhani; Prima Agung Palupi
Diponegoro Journal of Economics Vol 14, No 4 (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.55746

Abstract

The eradication of poverty is a critical priority for both central and local governments. Human development plays a vital role in lifting communities out of poverty. This study examines how the quality of human development affects poverty across 24 districts/cities of South Sulawesi over 2012–2022, using the Generalized Method of Moments (GMM). Life expectancy, as a proxy for health quality, has no significant effect on poverty reduction, whereas primary and secondary school enrolment rates show a significant negative effect. Government spending on education and health also reduces poverty significantly, while the open unemployment rate and the COVID-19 dummy are associated with higher poverty. Per capita expenditure and access to clean water show no significant effect. The study contributes district-level evidence on poverty, using a dynamic panel approach that accounts for the persistence of poverty over time and corrects for endogeneity. Its originality lies in addressing the gap between the province's rising human development index and a poverty level that has not declined alongside it, which gives local government a more targeted basis for policy.
Financial Literacy of Indonesian Migrant Workers in Malaysia: Policy Evidence from the National Financial Literacy Strategy Annisa Nur Salam; Achmad Rizal; Danial Muhammad Wirdyansyah
Diponegoro Journal of Economics Vol 15, No 1 (2026): Issue in progress
Publisher : Faculty of Economics and Bussiness, Universitas Diponegoro, Semarang, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/djoe.56880

Abstract

Financial literacy is a key policy instrument for strengthening financial inclusion, economic resilience, and social stability. In Malaysia, this objective is supported through the National Financial Literacy Strategy, which emphasizes inclusive financial education and responsible financial behavior, particularly among vulnerable populations. Indonesian migrant workers constitute a substantial segment of Malaysia’s labor force; however, limited financial literacy continues to hinder their participation in formal financial services and efficient remittance management. This study examines the determinants of financial literacy among Indonesian migrant workers in Malaysia, focusing on financial attitude, financial behavior, and financial socialization. Using a quantitative approach, data were collected from 205 respondents through structured questionnaires and analyzed using Structural Equation Modeling–Partial Least Squares (SEM-PLS). The study contributes to the literature in three ways: (1) developing a migrant-worker-specific model of financial literacy in a cross-border labor context; (2) incorporating financial socialization as a key determinant, emphasizing the influence of family, peers, and workplace learning; and (3) extending the policy relevance of financial literacy research by linking behavioral factors to broader financial inclusion outcomes. The findings reveal that financial attitude, financial behavior, and financial socialization have positive and statistically significant effects on financial literacy. These results support the objectives of Malaysia’s National Financial Literacy Strategy and offer practical implications for policymakers and financial regulators, particularly Bank Negara Malaysia. The study highlights the need for targeted financial literacy programs delivered through formal financial institutions, remittance service providers, and employer-based initiatives to improve financial capability and promote sustainable financial inclusion among migrant workers.
The Effectiveness of the Electronic Platform of the Central Bank of Iraq in Controlling the Parallel Exchange Rate: An Econometric Study for the Period 2021–2024 Ayad Omar Sulaiman; Akram Salih Yousif; Mamon Adam Maarof
Diponegoro Journal of Economics Vol 15, No 1 (2026): Issue in progress
Publisher : Faculty of Economics and Bussiness, Universitas Diponegoro, Semarang, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/djoe.57324

Abstract

Between 2021 and 2024, the Central Bank of Iraq (CBI) replaced its traditional foreign currency auction with a compliance-driven electronic platform aligned with SWIFT protocols, anti-money laundering (AML) directives, and counter-terrorism financing (CFT) requirements. This shift constituted a structural rupture in how Iraqi market participants accessed U.S. dollars. This paper examines the economic consequences of that rupture, focusing on the behaviour of the parallel exchange rate. Through theoretical, chronological, and econometric lenses, the study argues that the widening parallel market premium during 2023 was driven less by deteriorating macroeconomic fundamentals than by institutional friction embedded in the platform’s early operational design. The central finding is that every ten-percentage-point rise in the platform’s rejection rate corresponded to a three-to-five percent depreciation of the Iraqi dinar in informal markets, even as CBI reserves exceeded one hundred billion U.S. dollars. The paper documents partial stabilisation from late 2023 onward, driven by improved banking-sector compliance capacity and bilateral currency settlement arrangements, while acknowledging that a structurally rooted residual premium persists. This study is, to the authors’ knowledge, the first to model the platform’s operational performance—proxied by its monthly rejection rate—as a direct econometric determinant of the parallel exchange rate within an ARDL framework, introducing compliance friction as a measurable institutional variable. The paper contributes a novel institutional channel to the parallel exchange rate literature and offers evidence-based guidance for sequencing compliance reforms in state-dominated foreign exchange systems.
Infrastructure, Digital Connectivity, and Non-Farm Enterprises: Evidence on Household Welfare in Indonesia Vitriyani Tri Purwaningsih; Asih Murwiati; Resha Moniyana Putri; Muhammad Mufti Hudani; Moria Yasa Mahrusjaya
Diponegoro Journal of Economics Vol 15, No 1 (2026): Issue in progress
Publisher : Faculty of Economics and Bussiness, Universitas Diponegoro, Semarang, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/djoe.57174

Abstract

This study aims to analyze the effects of infrastructure access and household participation in non-agricultural activities on household welfare in Indonesia. The data are derived from the fifth wave of the Indonesian Family Life Survey (IFLS-5), conducted in 2014, using a sample of 5,651 households as the unit of analysis. The findings reveal that internet access, mobile phone ownership, engagement in non-agricultural enterprises, asset ownership, the education level of the household head, and urban residence have significant positive effects on household welfare. In contrast, household size has a negative impact on welfare. Meanwhile, road and electricity access show no significant effect, likely due to their already widespread availability. These results emphasize the importance of digital transformation alongside household economic diversification in promoting welfare improvement. The novelty of this study lies in three main aspects. First, it simultaneously examines the roles of physical infrastructure, digital connectivity, and household participation in non-farm enterprises within a unified analytical framework. Second, it employs nationally representative IFLS-5 household-level data to capture welfare determinants at the micro level. Third, beyond estimating the probability of household welfare using logistic regression, this study further interprets the results through marginal effects, providing clearer policy implications regarding the relative importance of digital connectivity, income diversification, and household characteristics in improving welfare in Indonesia.
How Do FDI and Population Affect Carbon Emissions in Indonesia: An ARDL Approach Dodi Tirtana; Galih Nugraha; Muhammad Nurhikmat; Tiara Pradani; Dwiyan Al Rasyid; Nur Jannah Abdi Aziz
Diponegoro Journal of Economics Vol 15, No 1 (2026): Issue in progress
Publisher : Faculty of Economics and Bussiness, Universitas Diponegoro, Semarang, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/djoe.57027

Abstract

Indonesia is challenged to balance as income rises, population expands, and foreign direct investments grow, there is a tension between economic progress and reducing carbon emissions. This study examines both the immediate and extended connections between GDP per capita and carbon dioxide (CO₂) emissions, population, and foreign direct investments (FDI) in Indonesia using annual data spanning 1989 to 2023, resulting in 34 observations. The study uses the Autoregressive Distributed Lag (ARDL) approach in estimating the dynamic relationships between the variables. Augmented Dickey-Fuller with the bounds test confirming the establishment of long-run cointegration. The findings of the ARDL (1, 1, 0, 0) model revealed that GDP per capita and population exert substantial and beneficial effects on CO₂ emissions over both immediate and extended timeframes. On the other hand, foreign direct investment, after being transformed through inverse hyperbolic sine, has a negative and significant impact on CO₂ emissions both in the short- and long-run periods. An adjustment coefficient of -0.818 means that about 81.8 percent of the short-run imbalance is corrected in one period. Robustness analysis estimates retain the nature of the long-run coefficients.