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<![CDATA[Exploring the Role of Education and Exports in Indonesia’s Economic Growth ]]>
<![CDATA[Jumhur, Jumhur]]>
<![CDATA[ Jurnal Economia Vol. 22 No. 1 (2026): February 2026 ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Universitas Negeri Yogyakarta in collaboration with the Institute for ]]>
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DOI: 10.21831/economia.v22i1.72744
<![CDATA[The assumption that education positively influences economic growth remains weakly supported. Therefore, this study aims to examine the extent to which education levels explain economic growth by incorporating foreign direct investment, credit, exports, and unemployment as mediating variables. The analysis uses time-series data for Indonesia from 1991 to 2018, obtained from the World Bank’s World Development Indicators. The results show that basic education has a negative but statistically insignificant effect on economic growth. In contrast, secondary and higher education have positive and significant effects, with higher education demonstrating the strongest influence. Furthermore, exports significantly mediate the effects of primary and higher education on economic growth, while no mediating variables significantly explain the impact of secondary education. These findings imply that greater investment in secondary and higher education is crucial for promoting sustainable long-term economic growth and strengthening export performance.]]>
<![CDATA[Online Buying Behaviour among Youth: A Multigroup Analysis Based on Gender ]]>
<![CDATA[Julaihah, Umi]]>
<![CDATA[ Jurnal Economia Vol. 22 No. 1 (2026): February 2026 ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Universitas Negeri Yogyakarta in collaboration with the Institute for ]]>
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DOI: 10.21831/economia.v22i1.76420
<![CDATA[This study intended to explore the effect of financial literacy, social media use, and pay-later promotion on online impulsive and compulsive buying among youth. 366 valid responses were analysed with partial least squares structural equation modelling (PLS-SEM). Further, moderation using multigroup analysis (MGA) was conducted to gain a deeper understanding of whether gender differences are present in the model proposed. The finding revealed that only the use of social media had a positive and significant effect on impulsive online buying, and impulsive buying became crucial determinants for compulsive buying. Further, this study also confirmed that buying behavior between males dan females had no significant difference. This study showed no significant effect of financial literacy on buying behaviour among youth, which could be due to the respondents' low level of financial knowledge of respondents.]]>
<![CDATA[Antecedents and Impacts of Green Process Innovation on Performance: A Study on Jamu MSMEs ]]>
<![CDATA[Sawitri, Hunik Sri Runing]]>;
<![CDATA[Riani, Asri Laksmi]]>;
<![CDATA[Wahyuni, Salamah]]>;
<![CDATA[Istiqomah, Suryandari]]>;
<![CDATA[Wijayanti, Ariyani Wahyu]]>
<![CDATA[ Jurnal Economia Vol. 22 No. 1 (2026): February 2026 ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Universitas Negeri Yogyakarta in collaboration with the Institute for ]]>
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DOI: 10.21831/economia.v22i1.77992
<![CDATA[This study seeks to examine the influence of CEO education on the correlation between managerial competence and ESG. This study employs a sample of 185 observations from 37 manufacturing firms listed on the Indonesia Stock Exchange (IDX) from 2018 to 2022. This study used the weighted least squares regression model for estimation purposes. The research findings indicate that managerial skill impacts ESG, aligning with legitimacy theory. The theory suggests that superior managerial capability facilitates an understanding of stakeholder demands through ESG disclosures, thereby enhancing a company’s reputation and legitimacy. Nevertheless, the outcomes indicate that CEO education as a moderating element does not enhance the impact of managerial competence on ESG. A manager’s education does not influence ESG disclosure. The limited sample of manufacturing enterprises that issue ESG disclosure reports and the temporal scope, spanning only five years, constrain the research.]]>
<![CDATA[Determinants and Solutions for Youth Unemployment in East Java Province in 2023 ]]>
<![CDATA[Istiqomah, Ayu]]>;
<![CDATA[Riyanto, Wahyu Hidayat]]>;
<![CDATA[Putranto, FX Gugus Febri]]>;
<![CDATA[Firmansyah, Muhammad]]>
<![CDATA[ Jurnal Economia Vol. 22 No. 1 (2026): February 2026 ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Universitas Negeri Yogyakarta in collaboration with the Institute for ]]>
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DOI: 10.21831/economia.v22i1.78550
<![CDATA[Youth unemployment remains a problem in East Java Province. This study aims to analyse the determinants of youth unemployment in East Java Province in 2023. Secondary data from the 2023 National Labor Force Survey (Sakernas), with individual-level observations, were analysed using binary logistic regression. The results showed that gender, marital status, education level, age, work experience, the district/city minimum wage (UMK), and economic growth significantly affected youth unemployment. Synchronisation is needed between the education system and market needs so that graduates can enter the workforce immediately. In addition, quality and inclusive economic growth are essential in increasing youth labour absorption.]]>
<![CDATA[Sustainable Approaches to the New Trinity Framework in Emerging Market Monetary Policy ]]>
<![CDATA[Akbar, Dudi Duta]]>;
<![CDATA[Siregar, Hermanto]]>;
<![CDATA[Sugema, Iman]]>;
<![CDATA[Anggraeni, Lukytawati]]>
<![CDATA[ Jurnal Economia Vol. 22 No. 1 (2026): February 2026 ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Universitas Negeri Yogyakarta in collaboration with the Institute for ]]>
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DOI: 10.21831/economia.v22i1.78577
<![CDATA[This study intended to explore the effect of financial literacy, social media use, and pay-later promotion on online impulsive and compulsive buying among youth. Using partial least squares structural equation modelling (PLS-SEM), 366 valid responses were analysed. Additionally, a moderation analysis using multigroup analysis (MGA) was conducted to determine if there are gender differences in these relationships. The finding revealed that of the three predictors of impulsive buying, only social media use had a positive and significant impact, while impulsive buying became a crucial determinant for compulsive buying. Interestingly, this study found that gender did not moderate the relationships outlined in the proposed model, indicating that the effects were similar for both males and females. This study suggests that youth should be wise in using social media, as it could lead to excessive purchasing that worsens the financial and psychological condition of both males and females.]]>
<![CDATA[Does CEO Education Moderate Managerial Ability on ESG (Environmental, Social, and Governance)? ]]>
<![CDATA[Kusumawardhani, Adhityawati]]>;
<![CDATA[Sutjiono, Cindy Belinda]]>;
<![CDATA[Santoso, Cliona Emmanuella]]>
<![CDATA[ Jurnal Economia Vol. 22 No. 1 (2026): February 2026 ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Universitas Negeri Yogyakarta in collaboration with the Institute for ]]>
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DOI: 10.21831/economia.v22i1.78782
<![CDATA[This study seeks to examine the influence of CEO education on the correlation between managerial competence and ESG. This study employs a sample of 185 observations from 37 manufacturing firms listed on the Indonesia Stock Exchange (IDX) from 2018 to 2022. This study used the weighted least squares regression model for estimation purposes. The research findings indicate that managerial skill impacts ESG, aligning with legitimacy theory. The theory suggests that superior managerial capability facilitates an understanding of stakeholder demands through ESG disclosures, thereby enhancing a company’s reputation and legitimacy. Nevertheless, the outcomes indicate that CEO education as a moderating element does not enhance the impact of managerial competence on ESG. A manager’s education does not influence ESG disclosure. The limited sample of manufacturing enterprises that issue ESG disclosure reports and the temporal scope, spanning only five years, constrain the research.]]>
<![CDATA[Revisiting EKC hypothesis through Income Inequality and Environmental Degradation in ASEAN-5 Countries ]]>
<![CDATA[Agustin, Isnaini Nuzula]]>;
<![CDATA[Putri, Inda Meyllya]]>;
<![CDATA[Marheni, Dewi Khornida]]>
<![CDATA[ Jurnal Economia Vol. 22 No. 1 (2026): February 2026 ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Universitas Negeri Yogyakarta in collaboration with the Institute for ]]>
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DOI: 10.21831/economia.v22i1.82118
<![CDATA[This study examines the influence of GDP, corruption, financial development and Trade Openness on environmental degradation within the framework of the Environmental Kuznets Curve (EKC) hypothesis in ASEAN-5 emerging countries. Further, this study investigates the mediating role of income inequality. Utilizing panel data from 1990 to 2022 and the Autoregressive Distributed Lag (ARDL) approach, the findings found support the existence of a U-shaped EKC hypothesis, implying that while economic growth initially degrades environmental quality, it ultimately leads to improvements at higher income levels. The results noted that corruption exacerbates income inequality while trade openness and financial development affect income inequality in the long run. Additionally, the results posit the role of income inequality as a mediator. The results highlight the importance of implementing policies aimed at reducing corruption and income inequality to enhance environmental outcomes thus providing crucial insights for policymakers seeking to balance economic development with environmental sustainability.]]>
<![CDATA[Gender Differences in Financial Well-Being: A Multi-Group Analysis of Indonesian Income-Earning Gen-Z ]]>
<![CDATA[Sutejo, Bertha Silvia]]>;
<![CDATA[Wijaya, Liliana Inggrit]]>;
<![CDATA[Noordin, Noorliza MD]]>;
<![CDATA[Oktavianus, Joshua]]>
<![CDATA[ Jurnal Economia Vol. 22 No. 1 (2026): February 2026 ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Universitas Negeri Yogyakarta in collaboration with the Institute for ]]>
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DOI: 10.21831/economia.v22i1.83694
<![CDATA[Gen-Z in Indonesia faces financial challenges due to low financial literacy, impulsive spending, and FOMO, prioritizing short-term desires over long-term financial freedom and stability. This study examines key determinants of financial well-being among Gen-Z, integrating gender differences as a moderator. Through PLS-SEM and MGA analysis of 612 respondents, this study identifies financial literacy, self-control, behavior, and stress as key determinants of financial well-being. Financial behavior and stress mediate key relationships, with gender differences in financial understanding and stress management. This study suggests that governments should introduce financial literacy earlier and offer accessible financial consultations, while Gen-Z must cultivate self-discipline and financial knowledge to achieve sustainable financial well-being.]]>
<![CDATA[Brand Image or Price? Tracing the Path of Satisfaction to Telkomsel Consumer Loyalty ]]>
<![CDATA[Nurrahmi, Maftuhah]]>;
<![CDATA[Supian, Kamisah]]>
<![CDATA[ Jurnal Economia Vol. 22 No. 1 (2026): February 2026 ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Universitas Negeri Yogyakarta in collaboration with the Institute for ]]>
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DOI: 10.21831/economia.v22i1.85949
<![CDATA[This study analyses the influence of brand image, price, and customer satisfaction on customer loyalty among Telkom product users. The research employed purposive sampling with 104 current or former Telkom users as respondents. Data were collected through a questionnaire using Likert scale adapted from the PIRQUAL instrument. Data analysis applied SEM with SmartPLS, including outer and inner model tests for reliability, convergent and discriminant validity, and an assessment of direct and indirect effects. The results show that all constructs met reliability and validity standards, the model demonstrates strong predictive ability for customer satisfaction and loyalty. Findings reveal that brand image is the most dominant factor influencing loyalty, both directly and through satisfaction. While price has a significant impact on customer satisfaction, its influence on loyalty is limited without the presence of other supporting factors. Overall, customer loyalty is more influenced by brand-related perceptions than by functional factors such as price.]]>
<![CDATA[Work Pressure, Pay, and Burnout: A Study of Local and International Students in Taiwan ]]>
<![CDATA[Chen, Yi-Chang]]>;
<![CDATA[Liu, Kai-Jui]]>;
<![CDATA[Lesmana, Yolanda Riska]]>
<![CDATA[ Jurnal Economia Vol. 22 No. 1 (2026): February 2026 ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Universitas Negeri Yogyakarta in collaboration with the Institute for ]]>
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DOI: 10.21831/economia.v22i1.95569
<![CDATA[Balancing academic and work responsibilities is a common reality for working college students in Taiwan, often leading to emotional strain. This study examines the relationships among work pressure, compensation satisfaction, work-life balance, and burnout, with a focus on the mediating role of work-life balance. Grounded in Conservation of Resources (COR) theory, the research explores how resource dynamics affect well-being. Data collected from 403 Taiwanese and international students were analyzed using SPSS and SmartPLS. Results indicate that work pressure significantly increases burnout. Unexpectedly, for international students, satisfaction with compensation was positively associated with burnout, suggesting that higher pay may create additional pressure. Furthermore, work-life balance mediated these relationships for this group, but in the opposite direction. The findings highlight that addressing student burnout requires going beyond financial factors and urge institutions to provide practical support for managing dual demands.]]>
