JEJAK
JEJAK: Jurnal Ekonomi dan Kebijakan p-ISSN 1979-715X | e-ISSN 2460-5123 is a scientific journal that contains the results of research and theoretical studies in the field of economic development, especially on matters of economic policy in Indonesia was published by the Department of Economic Development, Faculty of Economics, Semarang State University and Indonesian Economics Bachelor Society.
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Effects of Macroeconomics Factors toward Efficiency in Banking
Fakhrunnas, Faaza;
Nahar, Faiza Husnayeni;
Albana, Hilman Fikri
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 11, No 2 (2018): September 2018
Publisher : Universitas Negeri Semarang
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DOI: 10.15294/jejak.v11i2.16059
The main objective of this study is to analyze the effect of macroeconomic factors toward efficiency in Islamic and Conventional Banking. Banking as one of components in financial system that highly contributes to the growth and development of the economy in a country, especially after establishment of the first Islamic bank in Indonesia at the year of 1992. Afterwards, Islamic banking began to develop and start to compete with conventional banking. Hence, in order to survive and do fair competitiveness, Islamic and Conventional banking have to maintain its efficiency. This study uses the methodology of Data Envelopment Analysis (DEA). This study also analyze the macroeconomics factors namely inflation, interest rate of Bank indonesia and the growth of Gross Domestic Product (GDP) which affects the bank efficiency. Our data is obtained from annual financial statement published by each islamic and conventional bank and Bank Indonesia starting from 2007 to 2016. This study shows that conventional banks have higher efficiency than Islamic banks, while crisis in 2008 had no significant effect on the efficiency of Islamic and conventional banking. However, a decrease in the level of efficiency that occurs in conventional banking indicates that conventional banking is more sensitive to the crisis.
The Impact of Social Safety Net Programs on Poor Household Income
Prayitno, Hengky S.H.;
Santoso, Dwi Budi;
Ekawaty, Marlina
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 11, No 2 (2018): September 2018
Publisher : Universitas Negeri Semarang
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DOI: 10.15294/jejak.v11i2.16049
Indonesian government has established social safety net programs to reduce poverty and increase the productivity and income of poor households. Among other provinces in Indonesia, East Java has the highest poverty rate. Thus, this research aims to analyze the effectiveness of social safety net programs in reducing poverty rate in East Java. This research uses quantitative approach to measure the contribution of social safety net programs towards the income of poor households in East Java. This research employs equivalent simultaneous equation with three-stage least square (3SLS) method on secondary cross section data obtained from National Socio-Economic Survey (Susenas), March 2015. This research calculates and analyzes the impacts of social aid, social protection and labor market intervention programs towards the income of poor household income. The results show that social aid and labor market intervention programs have positive implication on the income of poor households. On the other hand, social security has no significant implication. Moreover, social security provides a safety net when a household faces unexpected situation such as redundancy, accident and death. Social security programs prevent poor households for being poorer.
International Trade and North-Sumatra’s Local Economy
Tampubolon, Jongkers;
Nababan, Tongam Sihol
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 11, No 2 (2018): September 2018
Publisher : Universitas Negeri Semarang
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DOI: 10.15294/jejak.v11i2.16055
North Sumatra is one of the provinces in Indonesia with high levels of economic openness. On average, since 2000, the contribution of export value to the Regional GDP reached 40 % and import value of 28%. Using Granger causality method, the study aims to investigate causal relations between international trade and North Sumatra’s local economy especially the impact of exports and imports on Regional GDP, Regional GDP per capita, employment and poverty reduction. The empirical results of present study discovered that (i) the exports and imports respectively have positive and significant impact on regional GDP, regional GDP per capita, employment and poverty reduction, (ii) there is a bi-directional causality between imports and regional GDP, where GDP growth rate would boost imports over-proportionally, (iii) both exports and imports are dominated by intermediate goods as the raw materials for further processing industry, (iv) export structure which is dominated by the agricultural-based intermediate good is proverty-reduction through factor market in the upstream sector making the rural peoples benefited from the exports.
Economics and Crime Rates in Indonesia
Rahman, Yozi Aulia;
Prasetyo, Affandi Dwi
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 11, No 2 (2018): September 2018
Publisher : Universitas Negeri Semarang
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DOI: 10.15294/jejak.v11i2.16060
The Indonesian economy indicates good performance but it is not followed by the decrease in crime rates. The aim of research is to find out and analyze the effects of unemployment, education, wages, and case completion rates on the crime rates in Indonesia in 2012 – 2016. This research uses the panel data using the Fixed Effect Model (FEM) with Generalized Least Square (GLS) method. The data used in this research is the secondary data collected from the Central Bureau of Statistics and the Indonesian National Police since 2012 until 2016. The data includes the open unemployment rate, the school enrollment rates, the provincial minimum wages, the crime rates, and the case completion rates. The result of this research indicates that the variables of unemployment, education and case completion rates insignificantly affect on the criminal crime in Indonesia. The wages have negative and significant effect on the crime rates in Indonesia.
Utilization and Management Model of Pelagic Fish Resources
Damayanti, Herna Octivia
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 11, No 2 (2018): September 2018
Publisher : Universitas Negeri Semarang
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DOI: 10.15294/jejak.v11i2.16050
Pelagic fish was the main raw material for fish processing industry. Rate of fishing that not equivalent with the growth of fish resources, eventually will decrease the catch of fishermen. Aims of the research were (1) to estimate the bioeconomic of pelagic fish resources on MSY (Maximum Sustainable Yield), MEY (Maximum Economic Yield) and OA (open Access) conditions; (2) to estimate the optimum utilization rate, (3) arrange the management model of sustainability pelagic fish resources in Pati regency. This research was descriptive quantitative and conducted in March until September 2017. Reseacrh location in Bajomulyo village and Bendar village Juwana Subdistrict with 35 samples. Data analysis : (1) gear standardization, (2) bioeconomic static optimation model approach, (3) bioeconomic dinamic optimation model approach, (4) reconstruction of in-depth interview results. Result of the research are (1) bioeconomic static optimation model approach namely, biomass MEY>MSY>OA, catch MSY>MEY>OA, effort OA>MSY>MEY, profit MEY>MSY>OA; (2) bioeconomic dinamic optimation model approach namely, biomass MEY>MSY>OSY>OA, catch MSY>MEY>OSY>OA, effort OA>MSY>OSY>MEY, profit MEY>>OSY>MSY>OA; (3) pelagic fish management model are input controlling, output controlling and technical provisions.
Monetary Policy, Foreign Interest Rate impact on Indonesian Bank Credit
JEJAK Vol 11, No 2 (2018): September 2018
Publisher : Universitas Negeri Semarang
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DOI: 10.15294/jejak.v11i2.16056
This study adds to the economic knowledge by presenting proof based on data for Indonesia, on the consequence to credit provided by domestic banks, due to changes of monetary policy and foreign rates of interest. The subject matter is important for Indonesia because about 88 percent of its overall financing to the private sector in Indonesia are provided by domestic banks through credit channels. Consequently fluctuations of bank credit have significant impact on Indonesia’s financial system’s stability. Applying the Structural VAR method, the current study found that credit channeled by domestic banks in Indonesia are influenced by both rates of interest from abroad and the policy stance of Bank Indonesia. In addition it is found that foreign rates of interest effects bank credit negatively, but turns positive after 12 months. While a monetary contractionary monetary stance by Bank Indonesia decreases the quantity of credit provided by banks. These results underscores the limitation of monetary policy in managing bank credit growth. This results also underlines the need of Bank Indonesia to take into account the impact of foreign interest rates in conducting macro-prudential policies in overseeing credit growth to promote financial stability in Indonesia.
Corruption, Poverty, and Economic Growth (Causality Studies among Asean Countries)
JEJAK Vol 11, No 2 (2018): September 2018
Publisher : Universitas Negeri Semarang
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DOI: 10.15294/jejak.v11i2.16061
Corruption has causal impacts on economic and social development indicators. The discussion on this issue is widely interesting among economists, especially in Southeast Asia Countries which have been considered that has as a corrupt governance system. The objective of this study is to analyze the causality of corruption, poverty, and economic growth among ASEAN countries between 2002 and 2015. Four countries have been choosen since they have the same characteristics in term of the indicators presented. Granger causality test and Random Effect Model have been used to answer problem question of this paper. The results show that statistically, both of economic development indicators have a significant effect to corruption, while each indicator has a different direction. Meanwhile, causality test presents a tendency in Philippines. Hence, it is only economic growth is affecting corruption significantly and it occurs between poverty and corruption as well. In Thailand, different result shows that the causality happenes poverty and economic growth indicators. However, Indonesia and Malaysia have no causality at all.
Women’s Control Over Economic Resources Effect to Family Welfare
JEJAK Vol 11, No 2 (2018): September 2018
Publisher : Universitas Negeri Semarang
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DOI: 10.15294/jejak.v11i2.16051
Within the framework of neo-classical analysis, each individual is assumed homogeneous. However, homogeneity assumption becomes incompatible when discussing human behavior. Latest literatures conclude that men and women allocated resources under their control in different ways systematically. This study was intended to see whether there is an increase in the household’s welfare if the head of household is a women and granted credit access to financial institutions. Women’s access to all financial services, is essential to allow them to benefit fully from economic opportunities. The data used came from the Indonesian Family Life Survey (IFLS) for two last waves (IFLS 2007 and 2014). Analyses were performed using fixed effect model to overcome the unobserved heterogeneity, especially in terms of the individual character. The results indicated that the credit received by the female head of households can significantly increase household income. These results support the policy of increasing women empowerment in order to improve family welfare.
Infrastructure and Labour Productivity Convergence in Gunungkidul Region
JEJAK Vol 11, No 2 (2018): September 2018
Publisher : Universitas Negeri Semarang
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DOI: 10.15294/jejak.v11i2.16057
The paper examines whether labour productivity converges or diverges. This research estimates the convergence of labour productivity, and the effects of infrastructure to support this convergence, based on a set panel data comprising 18 districts in Gunungkidul Regency from 2009 to 2016. The secondary data published by the Statistics of DIY is used in this study. The infrastructure includes educational facilities, health facilities and length of the road. A fixed-effect model presents that there is a process of convergence of labour productivity among districts in Gunungkidul Regency. Moreover, the result shows that infrastructure has a positive effect on labour productivity. This research finds that labour productivity, in the lagging districts, tends to grow faster than advanced ones. Thus, the labour productivity gap between districts will disappear. A better educational and health facilities supports the speed of the knowledge transfer process to generate productive labour. For supporting the convergence of labour productivity, the local government has to improve infrastructure especially in lagging districts. Likewise, improvements in road facilities solve the problem of high-cost distribution to increase labour productivity.
Does Political Dynasty Cause Poverty?
JEJAK Vol 11, No 2 (2018): September 2018
Publisher : Universitas Negeri Semarang
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DOI: 10.15294/jejak.v11i2.16062
The delegation of central government authority to local governments can encourage policy or program targeting to be more targeted because it is indispensable for poverty reduction. Education and health are considered to be capable of alleviating poverty. This paper aims to find out the amount of budget based on Act no. 20/2003 Article 49 on National Education System (Sisdiknas) and Act no. 36/2009 Article 171 on Health in the area of political dynasty of regeneration type (vertical) and to find out the average decrease or increase of poverty rate per year in regional of political dynasty. This is descriptive research, using the ratio analysis of regional expenditure per function. This paper shows that during the period of 2005-2017, all the allocations of regional education budget of political dynasties (regeneration type) have been in accordance to the law. While the allocation of health budget, there are 3 regions from 12 regions of political dynasty that have not fulfilled the law, in addition, the area of political dynasty is able to reduce poverty with an average decrease of 0.2% -1.5% per year, and based on the average national poverty is 8 out of 12 regions of political dynasty in the poor category.