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JEJAK
ISSN : 1979715X     EISSN : 24605123     DOI : -
Core Subject : Economy,
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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Articles 860 Documents
Linkage of Credit on BI Rate, Funds Rate, Inflation and Government Spending on Capital Sipahutar, Mangasa Augustinus; Oktaviani, Rina; Siregar, Hermanto; Juanda, Bambang
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 10, No 1 (2017): March 2017
Publisher : Semarang State University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v10i1.9123

Abstract

Linkage of credit on BI rate, funds rate, inflation, and government spending on capital provides evidence from Indonesia.  This paper found advance explanation about banks credit as monetary transmission channel and its role on Indonesian economy.  We used credit depth as a ratio of banks credit to GDP nominal, to explain the role of credit in Indonesian economy.  We developed a VAR model to measure the response of credit to BI rate, funds rate and inflation rate, and OLS method to find out how banks credit response to government spending on capital. This paper revealed bi-direction causality between credit and BI rate, credit and funds rate, and credit and inflation.  There is trade-off between credit and BI rate, credit and funds rate, and credit and inflation, but government spending on capital promotes credit depth.  We found that Indonesian banking is bank view, allocated their credit based on their performance, not merely on the monetary policy determined by central bank.  For bank view perspectives, we analyzed the link between LDR as an indicator of credit channel mechanism to NPLs and CAR.  We found that there is no significant effect of CAR to LDR, but has a strong negatively relationship between NPLs to LDR.  This evidence indicates that commercial banks in Indonesia allocated their credit do not related to their capital but merely to the quality of their credit portfolio.
The Fiscal Capacity of The Seven New Provinces and its Implications Saragih, Juli Panglima
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 9, No 2 (2016): September 2016
Publisher : Semarang State University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v9i2.7625

Abstract

Since 2001 the regional autonomy policies have brought out seven new provinces in Indonesia. Consequently, they require the central transfer budget to finance the delegated duties and authorities and the development programs in each province. Since its establishment until today, the fiscal capacity in seven provinces except Banten has not fulfilled the increase in local expenditure needs every year. It still much depends on the central transfer because the local revenue source like PAD is very low. This research uses a descriptive method-analysis by analyzing the secondary data relevant to the discussed topic and using the concept of fiscal capacity in the framework of the fiscal decentralization theory. The results of this qualitative research explain that the high fiscal capacity index (IKF) is obtained by four provinces those are Bangka Belitung, West Papua, Riau, and North Maluku, while the intermediate index is obtained by Banten, and the low fiscal capacity index is obtained by Gorontalo and West Sulawesi. Good fiscal capacity with high index does not guarantee that the poor population in the area will be reduced as West Papua and Riau which populations are still relatively large. Besides, Bantam with the very high PAD compared with six other provinces still has a large number of poor population of poor among seven provinces. But, overall the central transfer is recognized to be very helpful for the fiscal capacity of the seven new provinces above.
Strategy of Strengthening Social Capital of Farmer Group in Agricultural Development Annas Wibisono, Galih Mukti; Darwanto, Darwanto
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 9, No 1 (2016): March 2016
Publisher : Semarang State University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v9i1.7187

Abstract

In the village, the agricultural development is not certainly oriented to the economic aspect. The social intervention is very important and very helpful for the citizens and the development of the agricultural itself. The purpose of this research is to analyze the social existence, the social influence, and also the systematic strategy that can strengthen the society in developing the agriculture. The method used in this research is the qualitative analysis with phenomenology approach. The qualitative analysis is conducted by the direct observation in the field and in-depth interviews with the respondents that are selected by the purposive sampling. The result shows that a society has formed the farmer organization to have mutual coordination among the members. However, there are some problems that occur on this organization. The values and norms begin to fade and have become the major problem. Another problem is the sense of trust among the citizens and the unoptimal social network utilization. The conclusion is, the Analytic Network Process (ANP) shows that to make a progress of agricultural development, they need to strengthen the social relationship among the citizens to face all the problems that may occur.
Determinants Factors of Interest Rates on Three-Month Deposits of Bank Persero Kurniawan, Tedy; Prajanti, Sucihatiningsih Dian Wisika
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 10, No 1 (2017): March 2017
Publisher : Semarang State University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v10i1.9129

Abstract

This research aims at analyzing the influence of Capital Adequacy Ratio (CAR), Operating Expenses of Operating Income (BOPO), inflation, exchange rate, and the amount of money supply (M1) to the interest rate of three month deposits of the State-Owned Bank in Indonesia in 2007-2015. This research uses the error correction model analysis. The result obtained is the CAR that has a significant effect on the long term and has no effect on the short term, BOPO has a significant influence on the long term and short term, inflation has the significant effect on the long term and has no effect on the short term, the exchange rate has an influence on the short and long term, the money supply has no effects on the short and long-term on the interest rate on three month deposits of the State-Owned Bank.
Appreciation to Organic Agriculture Function: Case Study of Rice Farming Prihtanti, Tinjung Mary
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 9, No 2 (2016): September 2016
Publisher : Semarang State University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v9i2.7630

Abstract

Agricultural activities are not only producing the visible (tangible) output in the form of food but also the non-visible output (non-marketable goods/non-tangible services). Non-visible output refers to a multifunctionality to supply food to ensure the food sufficiency of farmer household and job opportunities at rural area. The article aims to compare the capability of organic rice farming to conventional, to ensure the food sufficiency of farmer household, the economic value of rice farming to produce food, and the economic estimation of rice farming to its function as an job opportunities. The data for the research is collected in Gentungan Village, Mojogedang District, Karanganyar Regency during the crop year of 2015. In order to study the differences of two rice farming systems, the total of 60 farmers, 30 farmers are dealing with organic farming and other 30 farmers from conventional farming, are subjected for the interview in this research. The results found that the food security of organic farming is higher than conventional farming. The organic rice farming gives the economic value as the food producing and the labor-absorbing function in the study area is higher than the  conventional farming.
Analysis of Economic Growth Factors in West Pantura Areas of Central Java Sarwono, Sarwono
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 9, No 1 (2016): March 2016
Publisher : Semarang State University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v9i1.7204

Abstract

There are six factors of economic growth which influence on the economic growth level is analyzed in this research. The factors are: General Allocation Fund, government expenditure, investment, quality of human resources, agglomeration, and labor. The analysis tool used ist the regression of data panel/pooled data with the approach of Least Square Dummy Variable (lSDV). This approach is used because it is in accordance with the aim of research, which is to know the role of the economic growth factors to the GDP and to know the rate of economic growth from 2004 to 2013 in the West Pantura (northern coastal) areas of Central Java. From the estimation, it is known that the economic growth factor of human resource is the one that influence the GDP ipm with coefficient of 0.199316 percent, followed by the labor factor with coefficient of 0.165086 percent, an investment of 0.0013066 percent and the government expenditure with coefficient of minus 0.019731 percent. However, the General Allocation Funds does not have much influence on the economic growth, only at 0.009572 percent. Whereas, the agglomeration has no influence on the role of the GDP and on the economic growth in the West Pantura areas of Central Java. The regression result indicates -0.013514 percent.
Valuing Ecotourism of a Recreational Site in Ciamis District of West Java, Indonesia Saptutyningsih, Endah; Selviana, Rini
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 10, No 1 (2017): March 2017
Publisher : Semarang State University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v10i1.9134

Abstract

Ecotourism, as an alternative tourism, involves visiting natural areas in order to learn, to study or to carry out activities environmentally friendly, that is a tourism based on the nature experience which enables the economic and social development of local communities. Ecotourism encourages rural economics and provides benefits to income and employment generation. It is considered as an alternative for enhancing rural lifestyle and for leading positive changes in the distribution of income. One of the area which has ecotourism site in Indonesia is Karangkamulyan site, Ciamis District of West Java. There is a tourist attraction that not only offers natural beauty, history and cool atmosphere, it also serves as a place of education and research on the history in the field of archeology. This attraction should receive special attention from the local government so that the tourists and local people also get the benefits. Ecotourism can be classified as possessing public goods-type characteristics, and as such, welfare benefit estimates must utilize non-market valuation techniques. This study employs the travel cost method and contingent valuation method. Travel cost and contingent valuation methods are applied to the problem of estimating the potential consumer surplus available to tourists from ecotourism in Ciamis. The results are compared with contingent valuation analysis of willingness-to-pay of tourists in their current trip to ecotourism sites of Ciamis. The result of travel cost method indicates that tourists’ average travel cost is estimated at no more than one hundred thousand rupiahs. The contingent valuation method concludes that the tourists’ average willingness to pay in their trip to ecotourism sites of Ciamis is are about IDR 6,800 in average. 
Analysis of Squid Net Fisheries Business Production Damayanti, Herna Octivia; Susilowati, Indah; Boesono, Herry
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 10, No 1 (2017): March 2017
Publisher : Semarang State University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v10i1.9125

Abstract

Squid net is one of alternatives to replace trawl net in Pati regency. The purposes of the research are 1) to determine the influence factors, 2) to analyze the return to scale, 3) to analyze cost and return.The research location in Juwana Subdistrict particularly Bakaran Kulon, Dukutalit, Bajomulyo and Bendar Villages. The research conducted on October 2015 to June 2016. The number of final samples was 36, while the formulation of management strategies used 15 samples by snowball sampling. Data analysis techniques used 1) Cobb Douglas production function, 2) revenue-cost ratio analysis. The results of the research are 1) significant inputs for production factor are long trip, Solar fuel, the number of crew and lights. 2) the return to scale of squid net bussiness in Juwana subdistrict Pati regency is -0.231 means decreasing to scale. 3) the R/C ratio of scenario II more profitable for squid net crews than  scenario I.
Market Structure and Price Transmission of Eggs Commodity Ahmad, Abdul Aziz; Arifin, Agus; Chew, Boon Cheong
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 9, No 2 (2016): September 2016
Publisher : Semarang State University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v9i2.8234

Abstract

Purposes of this research are to determine some characteristics of distribution channel, market structure, and price maker transmission in purebred chicken egg commodity in Banyumas District, Central Java Province. Primary data applied on this research is from all channel distribution levels; from producers to final consumers. Meanwhile secondary data is collected from government official sources, such as BPS-Statistic of Banyumas Disrict, Banyumas Department of Industry, Trading and Cooperation, and previous researches which has been made by researcher team. Sample determining is directed by proportional random sampling methods. Some measurements are applied to this research, including to; Herfindahl Index (HI), Concentration Ratio (CF), and Minimum Efficiency Scale (MES) to investigate market structure; and Asymmetric Price Transmission (APT) to determine price transmission mechanism model. This research finds that (1) the distribution channel of egg commodity is spitted to different channel, the first channel: egg producer – retail traders – final consumers, and second channel: egg producers – whole seller – retail traders – final consumers; (2) market structure which is created to this farming specific commodity is perfect market; (3) price transmission mechanism analysis statistically shows that there is almost no existence of dominant power in price formation.
Cointegration and Causality Test Among Export, Import, and Foreign Exchange Subiyakto, Haryono; Algifari, Algifari
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 9, No 1 (2016): March 2016
Publisher : Semarang State University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v9i1.7188

Abstract

The rupiah exchange rate, import, and export are the important indicators in economy, including the Indonesia economy. The debate regarding the relationship among the exchange rate, import, and export has been persisting for several decades. Some researchers found that there is a relationship among those three and others explained that there is no correlation among them. The aim of this research is to obtain the empirical evidence of the causal relationship among the export, import, and foreign exchange rate by using the monthly data from January 2010 to April 2014. The export and import data are the export and import values in US dollar. The exchange rate data is the median exchange rates of the Indonesian Bank. The Johansen Cointegration Test and the Granger Causality Test are used to analyze the data. The research result shows that export and import have no causal relationship at five percent. Next, the foreign exchange rate influences the export and import at 10 percent level. The result indicates that the foreign exchange rate has small effects on the export and import. Based on the results, the government should control the balance of trade and should not make any policy that is based on the exchange rate values. Finally, it can be said that the exchange rate policy is not effective in increasing the exports and reducing the imports.

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