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INDONESIA
JEJAK
Published by Universitas Negeri Semarang
ISSN : 1979715X     EISSN : 24605123     DOI : -
Core Subject : Economy,
Economics, Econometrics & Finance
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.
Arjuna Subject : -
Articles 860 Documents
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Opportunities of Using Information and Communication Technology in Reducing Poverty Ruhyana, Nugrahana Fitria; Essa, Wiedy Yang
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 13, No 2 (2020): September 2020
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v13i2.25036

Abstract

The development of Information and Communication Technology (ICT) is believed to improve the quality of human life, reduce inequality, and encourage the acceleration of poverty reduction. ICT can be developed as an alternative poverty alleviation program. The purpose of this study was to determine the opportunities of utilization of ICT in reducing poverty in Sumedang Regency and Bandung City. This study used quantitative methods with sources taken from National Socio-Economic Survey (Susenas) data in 2018. The data was analyzed by the Probit Regression method. ICT variables consisted of the ownership of cellular phones, computer use, and internet access. The results of the econometric model indicate that ICT can reduce the likelihood of poverty after being controlled by other related variables such as age, gender, education level, number of household members, access to business credit, and employment status. The government is expected to synergize with stakeholders to improve public services integrated with poverty reduction through the use of ICT, educating the public with productive internet, and expanding the development of ICT infrastructure.
Education Equality and Economic Growth in Indonesia Sabur, Ambuy; Khusaini, Khusaini; Ramdani, Heni Cahya
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 14, No 1 (2021): March 2021
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v14i1.26162

Abstract

Last decade, Indonesia's economic growth experienced a downward trend. The study examines the role of investment, equality in education, poverty, income inequality, and regime to economic growth in Indonesia. We used time-series data between 1970-2017. It was obtained from BPS and World Bank (Indodapur) publications. The model used is the Weighted Least Square Regression (WLS). The results showed the factors that contributed significantly to increasing Indonesia's economic growth were education equality, poverty, and income inequality. While investment/capital, economic transparency, and the regime did not significantly contribute to increasing economic growth. Expanding access to education for high school or equivalent is important by the Government, including the development of school infrastructure in remote areas and teacher distribution. The Government should maintain the poverty trend that continues to decline. The future study dynamic models look at the long-term relationships related to education equality, distribution of income, and poverty on economic growth.
Dynamic Forecasting of Government Foreign Debt: Case of Indonesia Rahman, Yozi Aulia; Pujiati, Amin
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 14, No 1 (2021): March 2021
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v14i1.29715

Abstract

This study aims to forecast the value of the Indonesian government foreign debt in 2020-2024. The secondary data of time series during the period of 2010-2019 on Indonesian government foreign debt are used as the basis of forecasting for the next five years by using ARIMA (Autogressive Integrated Moving Average). The results show that the selected ARIMA models for forecasting are ARIMA (3,1,3) after the unit root test is carried out and 16 ARIMA models are tested. The value of government foreign debt is predicted to keep increasing from 2020 to 2024 amounted to USD 253.01. Then, compared to government debt in January 2010, within 11 years, government foreign  debt is predicted to rise by 169.6%.
Analysis of Portfolio Investment in Indonesia Macroeconomy Atyantodito, Ihsan bagus; Firmansyah, Firmansyah
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 13, No 2 (2020): September 2020
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v13i2.24806

Abstract

This research examines the cause of portfolio flows in Indonesia and the effect of portfolio flows to the Indonesian economy based on monetary policy approach. By analyze the interactions among portfolio investment, global and domestic macroeconomy, and financial variables by employing a structural vector autoregression model, this study finds: 1) that both global and domestic factors play the role in driving the portfolio flows in Indonesia; 2) the portfolio flows play the role in driving the domestic financial market, by the order starts from asset prices, followed by exchange rate and lastly credit; 3) the portfolio flows play a role in driving the Indonesian economic growth. The percentage of the effect of portfolio is relatively large compared to the other variables, but in total, the percentage of portfolio flows in driving the economic growth is quite small. Nonetheless, the impulse response function result shows that the shock in portfolio flow can affect the economic growth.
Asymmetrical Exchange Rates Effect on Indonesia's Trade Balance in Tourism Maulana, Akbar; Dawood, Taufiq Carnegie; Zulham, Teuku
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 14, No 1 (2021): March 2021
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v14i1.27234

Abstract

The main objective of this research is to analyze the effect of depreciation and real exchange rate appreciation on Indonesia's tourism trade balance bilaterally against Australia, China, Japan, Malaysia, and Singapore. Such analysis on bilateral relations have never been studied for developing markets countries, namely Indonesia. This study uses a linear ARDL approach and a nonlinear ARDL approach with the dependent variable on the tourism trade balance and the real exchange rate as independent variables. Income, foreign direct investment (FDI), and natural disasters as control variables. The empirical results show that Chinese and Japanese tourists respond positively to the depreciation in the real currency rate of exchange, thereby increasing Indonesia's tourism trade balance. Nonlinear ARDL shows that the relation concerning the real rate of exchange plus the balance of trade is non-symmetrical with respect to China and Japan, while Australia, Malaysia, and Singapore are symmetrical. These results suggest that the government should formulate policies to increase tourist visits from China and Japan. Further empirical results also found a J-curve pattern in Indonesia-China and Indonesia-Japan.
Strategy to Improve The Competitiveness of Cooperatives Rusdarti, Rusdarti; Sakitri, Wijang
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 14, No 1 (2021): March 2021
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v14i1.25420

Abstract

This research purposes is to analyze cooperative’s strategy to improve its competitiveness based on information technology utilization. This research employs a quantitative descriptive approach, analysis on cooperative competitiveness with Policy Analysis Matrix (PAM) in consideration of input and output. Cooperative’s business development strategy employs an analytic hierarchy process (AHP). The analysis is conducted on active cooperatives with open data system (ODS) in Central Java Province. 64.82% of all cooperatives have utilized information technology in their business operation and 35.18% of all cooperatives have not utilized information technology in their business operation; Result of the Policy Analysis Matrix (PAM) using the Domestic Resources Cost Ratio (DRC) = 0.240 This Condition shows that the cooperatives business is efficient and has comparative advatage.  Private Cost Ratio (PCR) = 0.229, means the cooperative has been able to use its domestic use the actual price and has competitive advantage. Cooperative has comparative advantage and competitive advantage competitiveness. The results of AHP analysis with five development criteria show that the information technology criterion is the most prioritized criterion with weight value of 0.365; the capital criterion’s weight value is 0.218; the human resource criterion’s weight value is 0.195; the network criterion’s weight value is 0.164, and the marketing criterion’s weight value is 0.058. The cooperative competitiveness standard does not include export variable, thus further research needs to be conducted with different measuring tool from that of this research.
Determinants of Regional Household Final Consumption Expenditure in Indonesia Sugiarto, Sugiarto; Wibowo, Wisnu
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 13, No 2 (2020): September 2020
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v13i2.25736

Abstract

The Indonesian economy, both at the national and regional levels, tended to experience a slowdown during 2010-2019. From the demand side, household final consumption expenditure (HFCE) is the primary cause of the slowdown. Therefore, various efforts are needed to maintain and improve HFCE. One of these efforts is to keep the stability of the macroeconomic factors that influence it. This research aims to reveal the determinants of regional HFCE in Indonesia. The determinants of HFCE were investigated using a dynamic panel data regression model with the first-difference Generalized Method of Moments (FD-GMM) approach and applied to data from 33 provinces during 2010-2019. The application of FD-GMM provides valid and consistent estimates. The results of the parameter significance test provide evidence that the lagged real HFCE, real gross regional domestic product (GRDP), and government spending have a significant positive impact on real HFCE. Meanwhile, both the inflation and unemployment rates had significantly negatively impacted. Thus, the role of policymakers in maintaining the stability of the five macroeconomic factors is necessary so that HFCE increases and the economy can grow even higher.
Analysis of the Sustainability of MSMEs in the Covid-19 Pandemic Era Hamdan, Hamdan
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 14, No 1 (2021): March 2021
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v14i1.26342

Abstract

Micro, Small and Medium Enterprises (MSMEs) have an important role in the economy of a nation. The aim of research was to know the factors that can increase and effect on increasing of the competitiveness of MSMEs. To achieve this goal, a study was conducted on MSMEs in Regency and Serang City through a population of 26,909. Survey method was used to achieve this goal, while the sampling technique was simple random sampling. Based on this technique, a total sample size of 100 MSMEs was obtained, while the analysis in achieving the objectives used path analysis. The results showed that the innovation variables and the quality of human resources had an effect on the competitiveness of MSMEs. The variable which is significant and affects the competitiveness of MSMEs is the variable of human resources. Theoretically, human resources have a more important role in increasing the competitiveness of MSMEs compared to innovation
MAWAR (Melawan Rentenir): Integrated MSMEs Financial Inclusion Strategy In Sharia-Based Chasanah, Amalia Nur; Herawati, Ratna; Budiantoro, Risanda Alirasta; Sukono Putro, Febrianur Ibnu Fitroh
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 14, No 1 (2021): March 2021
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v14i1.24850

Abstract

Allah has provided Islam as life guidance to be used in taking and undergoing all life aspects, including of the management and business financing. In the perspective of Islamic finance, financing venture capital through moneylenders will makes the borrower in difficult situation. This research aims to analyze the integrated financial inclusion strategy in sharia-based MSMEs financing in the Semarang City with the MAWAR Program. Mawar program is a funding assistance program for potential micro small and  medium entrepreneurs based on sharia with Murabahah by collaborating through memorandum of understanding with several other agencies, such as Sharia People Financing banks, Semarang City Amil Zakat Agency, Semarang Syariah Economic Community, Semarang City Cooperatives and Micro Enterprises Agency, telecommunications companies, branchless banking agents and financial technology institutions. The benefit obtained can provide scientific contributions to the empowerment management and can be developed into a study material for long-term planning programs by the Semarang City Government in empowering micro, small and medium enterprises so they can be competitive, independent, prosperous, and cultured based on religiosity values. The approach method used qualitative research with analytical tools is the business model canvas. Data collection method used observation, interviews, and literature study. The results of this research are with the MAWAR Program, the Semarang City Government does not charge any additional costs to the borrowers (MSMEs). The legal basis of this program is based on a memorandum of understanding between the stakeholders involved and Islamic sharia
Technology Absorption as a Main Indicator of Global Entrepreneurship Performance Prasetyo, P Eko
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 13, No 2 (2020): September 2020
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v13i2.26041

Abstract

In the globalization era, technology absorption capacity is increasingly vital to own to improve the performance of entrepreneurial industry. The aim of this study was to elaborate the main role of technology absorption as the main determinant to boost the performance of global entrepreneurship. For the sake of analysis, the researchers took primary data from global entrepreneurship index (GEIINDEX, 2019) containing 137 countries that have been surveyed (Acs, 2019). The method of analysis used was path analysis model in recursive form derived from the experimental model of multiple regression method in form of ordinary least square (OLS). The results showed that technology absorption (TA) positively and significantly became the main determinant in improving the capacity and performance of global entrepreneurship, while the opportunity start-up (OS) was the supporting determinant. Shortly, the entrepreneurial industry should have the capacity of technology absorption and mastery to start a business (OS), improve capacity (ABT), and sustainably encourage the excellence of Global Entrepreneurship Performance (GEP)

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