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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
 82   83   84   85   86 
Effect of GRDP, Capital Expenditure, OSR, and HDI on Poverty in Kuantan Singingi Regency Asnita Asnita; Harlen Harlen; Ando Fahda Aulia
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 16, No 2 (2023): September 2023
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v16i2.40508

Abstract

This research aimed to analyze the effect of Gross Regional Domestic Product (GRDP), Capital Expenditure, Own-Source Revenue (OSR), and the Human Development Index (HDI) on poverty in the Kuantan Singingi Regency. The data used was time series data from 2010 to 2021. The test was performed using multiple linear regression tools with OLS analysis techniques. The results showed that the GRDP and OSR significantly negatively affect poverty in Kuantan Singingi Regency. Poverty in Kuantan Singingi Regency will decrease as the GRDP and OSR increase. Meanwhile, Capital Expenditure has a significant effect on the poverty of Kuantan Singingi Regency. However, the HDI does not have a significant positive effect on the poverty of the Kuantan Singingi Regency.
Analysis of Energy Transformation Through Biofuel Energy Downstream to The National Economy Ica Cahayani; Elyana Ade Pertiwi; Arina Nihayati
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 16, No 2 (2023): September 2023
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v16i2.43179

Abstract

This research discusses energy transformation through downstream biofuel energy to the national economy in terms of how biofuels reduce the use of fossil energy and encourage national economic growth. Biofuel energy transformation is proposed because of its increasing popularity amid increasingly high climate change and world oil prices have increased due to world political uncertainty. The choice of biofuel energy transformation is the right way to find out how significant the energy transformation from fossil energy to biofuel energy has impact on energy availability and the national economy. This study analyzes Indonesia's energy transformation through downstream biofuel energy using the concept of energy transformation in looking at the integration of biofuel energy into the national economy. This study uses an integrative review method of presenting non-experimental data, a systematic approach, and uses a detailed search strategy in an effort to identify relevant evidence for biofuel energy and its impact on the Indonesian national economy. The energy transformation policy through downstream biofuel energy has not had a positive impact on Indonesia's national economy even though biofuel energy is cheap and environmentally friendly. The energy needs of the Indonesian people are very large and have not been able to be supported by biofuel energy with the same raw materials as the people's staple food. Meanwhile, food waste, such as tofu production waste and sugar production waste, is only able to sustain the energy needs of small-scale communities. The reallocation of fossil energy subsidies to biofuel energy has not yet contributed to the national economy. 
Estimating the Return on Education: Evidence from Indonesian Survey Data Muhammad Ciro Danuza; Alfa Farah
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 16, No 2 (2023): September 2023
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v16i2.45732

Abstract

In the Mincerian framework, the return on education shows how an incremental increase in earnings is related to an increase in schooling. Employing a survey data, the Indonesia Family Life Survey Wave 5(IFLS 5), this study attempts to estimate the return on education in Indonesia. The baseline results show that one extra year of schooling increases future earnings by 5.7%. When parental education used as instruments, the IV estimates show a rate of 12%. These results are consistent with the Mincerian framework and the previous studies.
Strategy of Palm-Based Biogas Power Plant Development (Review The Needs and Financing Scheme) Okta Malinda; Lely Marce Margareta; Ahmad Yani; Natasya Iasa Thintia; Ashari Rajj; Ni Wayan Ernawati; Niara Orcha Thistania; Ali Akbar Putra Alam
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 16, No 2 (2023): September 2023
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v16i2.43208

Abstract

The purpose of this study is to provide a strategy for the development of palm based biogas power plant (BPP) seen from the analysis of needs and financing schemes. From the research, it is known the dangers of POME waste to human health and the environment, the benefits of POME as a renewable energy source, the large cost of developing BPP, and the benefits that can be obtained if POME is used as fuel for BPP. In addition, it is also known that there are changes in regulations that reduce the interest of palm oil factory (POF) and investors to develop BPP. From the SWOT analysis conducted, the following strategies are given. The government set a policy that each POF has one BPP or cooperates with other POF to build BPP, reallocated fuel subsidy funds to the development of BPP, and abolished the Minister of Energy and Mineral Resources No. 12/2017 and re-enact the Minister of Energy and Mineral Resources No. 27/2014 in order to increase the interest of POF and investors to build BPP, involve an independent third party as a project supervisor and provide sanctions for project termination if it is identified that the construction qualifications of the materials used are not in accordance with the required standards.
The Role of Fintech and Digital Transformation in Renewable Energy Growth in Indonesia Irna Puji Lestari; Galuh Tri Pambekti
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 16, No 2 (2023): September 2023
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v16i2.43224

Abstract

Renewable energy is an alternative energy that can be used to increase economic growth and people's welfare while saving the earth. This study aims to identify the role of fintech and digital transformation as a long-term financing scenario for renewable energy growth, from both the production and consumption sector. This study uses time series data from January 2019 to September 2022 with a two-stage test. First, conducting the ARDL model estimation to find the nexus between fintech, digital transformation, and renewable energy in the short and long term. Secondly, a regression analysis was performed to capture themoderating effect of digital transformation which intermediates the influences of fintech on renewable energy. The findings conclude that fintech, digital transformation, and renewable energy have integrated relationships in the short and long term both in the production and consumption sectors. The finding also provides various recommendations for enhancing renewable energy growth, particularly through the use of accelerated fintech by digital transformation.
Assessing Investment Feasibility in Tegal City: A Strategic Perspective on Infectious Waste Handling Arfinto, Erman Denny; Yektiningsih, Novie; Damayanti, Nadia
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 16, No 2 (2023): September 2023
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v16i2.49102

Abstract

Based on simulation data from recapitulation of Health Facilities waste or medical B3 waste in Tegal City in 2022, it was recorded as 454 kg of medical B3 waste per day. Recap of data for Health Facilities in areas around Tegal City (Slawi, Brebes, Pekalongan, Pemalang and Batang) recorded 3,336 kg of B3 medical waste per day. This condition has the potential to cause environmental problems if not addressed. This research aims to provide an analysis of the feasibility of investment for handling medical waste. The study used secondary data sourced from the Tegal District Government Health Service and primary data collected through field observations. The research results show that the condition is suitable to continue. Investment funds required are IDR. 28 billion more. The financial feasibility results show an Internal Rate of Return (IRR) using a discount rate of 7.042%. Net Present Value (NPV), for considering the time value of money of 7.042% produces a positive value. The Investment Payback Period does not exceed the loan term. The feasibility results from economic and social environmental aspects also show that this waste management investment can be recommended for regional government implementation.
Potential Alternatif Sources of Financing in Biofuel Development in Indonesia Zahara, Amelia; Muslihin, Muslihin
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 16, No 2 (2023): September 2023
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v16i2.43266

Abstract

Biofuels have been developed in many countries including Indonesia, which is an effort to reduce dependence on fossil energy sources. As one of the countries with a high population, has a large agricultural area and forest area, making Indonesia has the potential to become the highest biofuel producing country in the world. Since the government launched its energy policy in 2006 it seems interesting that, biofuel progress in Indonesia has not progressed well. The obstacles in the development of biofuels in Indonesia are government policies and infrastructure development funding systems. The target of the biofuel program in Indonesia seems very ambitious, therefore it needs alternative financing support outside the State Budget that can support the development of biofuels in Indonesia, which is the focus of this study. The research method is descriptive qualitative with a study that is, the potential for alternative sources of financing in the development of biofuels in Indonesia. The alternative financing taken is PINA (Government Non-Budget Investment Financing) which can contribute to financing the development of national strategic infrastructure projects with commercial value that has an impact on improving the economy in Indonesia. 
Green Bond: Financing Alternative for UCO Based Biodiesel Industry Wirawan, Dimas Andi; Sari, Ira Febriana
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 16, No 2 (2023): September 2023
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v16i2.43272

Abstract

Along with the growing demand of biodiesel, the unlocking potential for using Used cooking oil (UCO) as feedstock, and the abundant amount of UCO, make their utilization becomes relevant. However, such efforts were constrained by economic scales issue, due to supply chain and financing problems. This paper aims to provide references regarding the feasibilty of UCO-based biodiesel project and its financing schemes through green bond. The main focus of this paper's discussion includes project feasibility, business model, and analysis of green bond issuance in financing the industry. The study was carried out by performing integrative literature review method on project feasibility studies in several countries, business model performed in several region, as well as framework and regulation regarding green bonds in Indonesia. Based on the analysis, it can be concluded that the UCO-based biodiesel project is financially and economically feasible to be scaled up. Subseuently, the business model of this industry is fulfilling the green criteria and is eligible to be financed through green bond. Future study regarding the spatial mapping and technical assessment upon the transformation of existing facilities into UCO based biodiesel plants is immensely prominent.
A Cost-Benefit Analysis of Mapping Used Cooking Oil as Biofuel Feedstock for Small-Scaled Industries Risma, Sarah Sholikhatun; Indasari, Bekti
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 16, No 2 (2023): September 2023
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v16i2.43274

Abstract

The abundant availability of used cooking oil as feedstock for biofuel can be used as potential for developing renewable fuel. Throughout 2021 alone, used cooking oil production originating from household sector is estimated to have reached 3.59 kilo liters or equivalent to 22.52% of total contribution achieved. The aim of this research is to determine the feasibility of used cooking oil as a feedstock for biofuel by measuring how much biofuel can be produced from household waste and how many small-scaled industries can be formed by considering an equal financing scheme between provinces. This research uses a cost-benefit analysis to produce a ratio that can calculate benefits against costs. The cost factor is calculated by estimating the expenses required to produce biofuel, while the benefit factor uses from Kartu Pra Kerja distribution data. Result can be concluded that the program is feasible to implement because it produces benefit to cost (BC) ratio of 1.31 with an estimated of 983,191 kilo liters biofuel can be produced and 234,093 small-scaled industries can be formed. Meanwhile provincial mapping showed that only six provinces in Indonesia that are considered unpotential for developing programs because BC ratio 1.
Financial Inclusion and Macroeconomic Stability in Eight Southeast Asian Economies Gitaharie, Beta Yulianita
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 16, No 2 (2023): September 2023
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v16i2.42201

Abstract

More than six in ten people in developing countries in Southeast Asia are unbanked.  It may be for this reason that  ASEAN prioritizes financial inclusion and financial stability. Financial inclusion aims to enlarge the proportion of the population to access and use financial services.   The objectives of this study are to construct financial inclusion index and to investigate the relationship between the constructed index and the macroeconomic stability variables—financial stability, inflation volatility, and output volatility-- in eight Southeast Asian countries for the 2008-2020 period.  The three-dimension—access and availability, usage, and technology/infrastructure-- financial inclusion index is constructed using a double principal component method.  The result shows that Indonesia (0.55) and Lao (0.53) are the two countries with the highest average index for the period.  Employing the panel seemingly unrelated regression, the study finds that financial inclusion has a positive effect on financial stability; and a negative effect on inflation and output volatility.  The finding supports the ASEAN authority to continuously expand financial inclusion as it contributes to increasing financial stability, reducing inflation and output volatility, hence, the macroeconomic stability.

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