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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860 Documents
<![CDATA[TINJAUAN TEORITIS PEMBANGUNAN PEDESAAN YANG BERKELANJUTAN: PENGENTASAN KEMISKINAN DAN PERBAIKAN KUALITAS LINGKUNGAN ]]>
<![CDATA[ JEJAK Vol 3, No 2 (2010): September 2010 ]]>
Publisher : <![CDATA[Universitas Negeri Semarang ]]>
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DOI: 10.15294/jejak.v3i2.4656
<![CDATA[Rural poverty is major issue faced by developing agrarian countries. It is likely that problem of rural poverty is accompanied by environmental degradation in rural areas. This is because of unique relationship between rural poverty and environmental degradation. This paper tries to raise the problem of poverty and the environment in rural areas. Some cases of poverty level and environmental problem in Asian countries are used to describe the linkage between them. The role of agriculture in rural development is explored. It is for showing that agriculture leads to depletion of rural resources and degradation of rural environment. Last, a solution is proposed that built on theoretical frame work based on microeconomic theory. It is likely that rural development can be conducted with simultaneous actions of poverty alleviation and environmental improvement. One important key to realize this concept is that rural residents need to pay attention on the environment.]]>
<![CDATA[PENGARUH DPR, GRE, DAN SYSTEMATIC RISK TERHADAP PER: UJI KONSISTENSI MODEL ]]>
<![CDATA[ JEJAK Vol 5, No 2 (2012): September 2012 ]]>
Publisher : <![CDATA[Universitas Negeri Semarang ]]>
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DOI: 10.15294/jejak.v5i2.3909
<![CDATA[The study aims to analyze the stock price valuation which is listed in Jakarta Stock Exchange by employing modelling approach of Price Earnings Ratio (PER) and factors that are assumed enable to explain the changes. These factors are Dividend Payout Ratio ( DPR ) , the Growth Rate of Earnings (GRE), and systematic risk. The result showed that among these three variables, the DPR is the only factor consistently influences the variation in the value of PER on the three models of regression cross section which were made respectively from 2000 to 2002. The next analysis was conducted by using a simple regression between variable of DPR, an independent variable, and PER, dependent variable. This analysis revealed a significant result- a level of consistency coefficient and high intercept. This research also aims to test the regression model consistency cross section. It showed that the theoretical value of PER (earning multiplier) gathered from regression cross section, can be used to determine the intrinsic stock if the regression model made is in the similar market situation during the valuation process. Without having this assumption accomplished, an investor cannot compare the theoretical PER value of the various models which are made by using equal sample and method. Penelitian ini dilakukan untuk menganalisis penilaian harga saham yang listed di Bursa Efek Jakarta berdasarkan pendekatan model price earning ratio (PER), beserta faktor-faktor yang diduga mampu menjelaskan perubahannya. Faktor-faktor yang diduga mampu menjelaskan perubahan PER adalah: dividend payout ratio (DPR), growth rate of earning (GRE), dan risiko sistematis. Dari keseluruhan pengujian hipotesis di dalam penelitian ini menunjukkan bahwa ketiga variabel yang diduga mempengaruhi variasi nilai PER saham, hanya variabel DPR yang secara konsisten secara signifikan mempengaruhi variasi nilai PER pada ketiga model regresi cross section yang dibuat berturut-turut mulai tahun 2000 sampai dengan tahun 2002. Analisis selanjutnya dengan melakukan regresi sederhana antara variabel DPR sebagai variabel independen dengan PER sebagai variabel dependen menunjukkan hasil yang signifikan dengan tingkat konsistensi koefisien dan intercept-nya yang tinggi. Penelitian ini juga bertujuan untuk menguji konsistensi model regresi cross section menunjukkan bukti bahwa nilai teoritis PER (earning multiplier) yang diperoleh dari regresi cross section dapat digunakan untuk menentukan nilai intrinsik saham apabila model regresi yang dibuat berada dalam situasi pasar yang sama ketika proses security valuation dilakukan. Tanpa terpenuhinya asumsi ini, seorang investor tidak bisa membandingkan nilai teoritis PER dari berbagai model yang dibuat dengan menggunakan sampel dan metoda yang sama.]]>
<![CDATA[Economic Development of Mangosteen Agro-Industry Based on Sustainability ]]>
<![CDATA[ JEJAK Vol 12, No 1 (2019): March 2019 ]]>
Publisher : <![CDATA[Universitas Negeri Semarang ]]>
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DOI: 10.15294/jejak.v12i1.17677
<![CDATA[The concept of developing agro-industry based agropolitan area for Mangosteen Peel Extract is a solution to create the high added value and to increase people’s income in the area. Agro-industry development in agropolitan areas by optimizing the local strategic commodities is a breakthrough to support the regional economy growth to be sustainable, so it is common in accordance with the potential regional leading commodities. The aim of this research is to analyze the sustainability of the area and to assess the feasibility of mangosteen agro-industry investment. The results of analysis show that the level of sustainability of technological and infrastructure, economic, social, and environmental and technological aspects are categorized as less sustainable with the sustainability index ranging from 34.12% to 49.96%. While the policy aspects in the development of Karacak agropolitan area are categorized as unsustainable with the sustainability index of 22.31%. The results of the feasibility analysis show that the capsulated agro-industrial product of mangosteen peel extract have greater opportunity to attract the investors because it is feasible with NPV value of Rp 17,690,067,855 and the added value of Rp 90,833/ kg of raw materials.]]>
<![CDATA[Determinant Return on Assets on Rural Banks in Indonesia ]]>
<![CDATA[ JEJAK Vol 13, No 2 (2020): September 2020 ]]>
Publisher : <![CDATA[Universitas Negeri Semarang ]]>
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DOI: 10.15294/jejak.v13i2.26458
<![CDATA[The problem in this study is that the Trend of Return on Assets (ROA) in Rural Banks tends to decrease. The author uses a quantitative descriptive analysis method and the analytical tool used is the ECM (Error Correction Model), the aim of which is to determine what factors influence the Return on Assets (ROA) of Rural Banks in Indonesia. The findings empirically show that the Amount of Money Supply in the long term had a significant effect on the Return on Assets (ROA) of Rural Banks. Whereas in the short term, no significant effect on ROA, General Capital Reserves in the long term have a significant effect on Return on Assets (ROA), while in the short term have no significant effect on ROA, Non Performing Loan (NPL) in the long term and short term effect significant to Return on Assets (ROA), Consumptive Interest Rates in the long term and short term have no significant effect on Return on Assets (ROA), and Working Capital Interest Rates in the long term and short run have no significant effect on Return on Assets ( ROA) Rural Banks in Indonesia]]>
<![CDATA[Does Equity Market Integration Exist Between Turkey and the Eurozone? ]]>
<![CDATA[ JEJAK Vol 11, No 1 (2018): March 2018 ]]>
Publisher : <![CDATA[Universitas Negeri Semarang ]]>
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DOI: 10.15294/jejak.v11i1.12488
<![CDATA[This research investigates the existence of stock market integration between Turkey and the Eurozone. In this study, the performance of Turkey’s stock exchange is proxied by the BIST100, and the EURO STOXX50 is employed as a proxy for the Eurozone index. We hypothesize that there is a dynamic relationship between Turkey and the Eurozone. Methodologically, our research was conducted by employing monthly time series data obtained from EIKON datastream International. In order to demonstrate the extent of equity market integration between Turkey and Eurozone, a vector autoregression model (VAR) was utilized. According to the results, there is no co-integration between these two equity markets. This is in line with the output of residual matrix test, where the correlation between these two market indices was found to be low. However, a Granger causality test indicated that there was a low one-way contribution from Turkey to the Eurozone index during the observation period.]]>
<![CDATA[Household Food Security: Evidence From South Sumatera ]]>
<![CDATA[ JEJAK: Jurnal Ekonomi dan Kebijakan Vol 12, No 2 (2019): September 2019 ]]>
Publisher : <![CDATA[Universitas Negeri Semarang ]]>
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DOI: 10.15294/jejak.v12i2.20264
<![CDATA[This study aims to determine the phenomenon of food security in South Sumatra Province. Food security is calculated using Shortfall/Surplus Index and Head Count Ratio. Binary Logistic Regression method is used to determine factors affecting food security. This study obtains data from National Socio-Economic Survey on March 2017 regarding average number of calories consumed by household per day, socio-economic characteristics of household, and household heads in South Sumatra. The Survey used total sample of 9,752 households consisting of 3,099 urban households and 6,653 rural households. The results of the study shows that using 2,100 kcal standard limit, most of districts in South Sumatra have entered safe food security limit. However, they have not entered safe food security limit using 2,500 kcal standard limit. Factors that affect household food insecurity in South Sumatra Province are caused by the number of household members and the education of household heads.]]>
<![CDATA[ANALISIS EFISIENSI TEKNIS BANK PEMBANGUNAN DAERAH ]]>
<![CDATA[ JEJAK Vol 8, No 1 (2015): March 2015 ]]>
Publisher : <![CDATA[Universitas Negeri Semarang ]]>
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DOI: 10.15294/jejak.v8i1.3851
<![CDATA[Penelitian ini bertujuan untuk menganalisis tingkat efisiensi Bank Pembanguna Daerah (BPD) di Indonesia. Data yang digunakan dalam penelitian ini berasal dari 26 BPD yang tercatat pada Otoritas Jasa Keuangan (OJK) dan Assosiasi Bank Pembangunan Daerah (ASBANDA) sampai akhir tahun 2013. Teknik analisis data yang digunakan dalam penelitian ini adalah metode non parametrik dengan pendekatan Data Envelopment Analysis (DEA) asumsi VRS. Hasil penelitian menunjukkan bahwa efisiensi Bank Pembangunan Daerah Seluruh Indonesia menunjukkan belum seluruhnya mencapai efisien dengan rata-rata tingkat efisiesni sebesar 93,2%. Sebanyak 12 Bank dari 26 BPD seluruh Indonesia telah mencapai efisiensi 100%. Sedangkan 14 BPD lainnya tidak efisien ( 100%) dalam menjalankan operasionalnya. Bank Jateng merupakan BPD yang memiliki tingkat efisiensi terendah yaitu 78,6%. Beban suku bunga merupakan penyebab dari sebagian besar BPD tidak efisien. Oleh karena itu BPD dapat melakukan langkah perbaikan efisiensi dengan meninjau kembali kebijakan suku bunga dan meningkatkan penyaluran kredit agar input yang dikeluarkan sesuai dengan outputnya dengan mengacu pada Bank Pembangunan Daerah yang telah mencapai efisien.This reaseach aims at analizing the efficiency rate of Bank Pembangunan Daerah (BPD) in Indonesia. The data are 26 BPDs listed in Financial Services Authority (OJK) and the Association of Bank Pembangunan Daerah (ASBANDA). Non-paramretric approach, Data Envelopment Analysis (DEA) by having VRS assumption was applied. The result shows that all BPDs in Indonesia has not been efficient yet; its average efficiency is 93,2%. There are only 12 banks that has 100% efficiency. The rest of the banks are not efficient in operating the bank. As a matter of fact, Bank Jateng is one of BPDs which has the lowest efficiency, 78%. The interest burdens becomes the main factor that cause the inefficiency of BPDs, so that, they should review the policies of interests and increase lending. The above steps are for balancing the input and the output.EA), ]]>
<![CDATA[The Fiscal Capacity of The Seven New Provinces and its Implications ]]>
<![CDATA[ JEJAK Vol 9, No 2 (2016): September 2016 ]]>
Publisher : <![CDATA[Universitas Negeri Semarang ]]>
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DOI: 10.15294/jejak.v9i2.7625
<![CDATA[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.]]>
<![CDATA[Infrastructure and Labour Productivity Convergence in Gunungkidul Region ]]>
<![CDATA[ JEJAK Vol 11, No 2 (2018): September 2018 ]]>
Publisher : <![CDATA[Universitas Negeri Semarang ]]>
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DOI: 10.15294/jejak.v11i2.16057
<![CDATA[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.]]>
<![CDATA[Opportunities of Using Information and Communication Technology in Reducing Poverty ]]>
<![CDATA[ JEJAK Vol 13, No 2 (2020): September 2020 ]]>
Publisher : <![CDATA[Universitas Negeri Semarang ]]>
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DOI: 10.15294/jejak.v13i2.25036
<![CDATA[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.]]>
