cover
Article Per Year (5 Year)
All
Home Page
OAI Link
Editorial Team
Contact
Reviewer
Google Scholar
Contact Name
Deni eko saputro
Contact Email
denny9598@yahoo.co.id
Phone
-
Journal Mail Official
rokhedie@yahoo.com
Editorial Address
-
Location
Kab. sleman,
Daerah istimewa yogyakarta
INDONESIA
Economic Journal of Emerging Markets
Published by Universitas Islam Indonesia
ISSN : 20863128     EISSN : 2502180x     DOI : -
Core Subject : Economy,
Economics, Econometrics & Finance
The Economic Journal of Emerging Markets (EJEM) is a peer-reviewed journal which provides a forum for scientific works pertaining to emerging market economies. Published every April and October, this journal welcomes original research papers on all aspects of economic development issues. The journal is fully open access for scholarly readers.
Arjuna Subject : -
Articles 8 Documents
 1 
Search results for , issue "Volume 16 Issue 1, 2024" : 8 Documents clear
The role of foreign reserves in inflation dynamics Haryo Kuncoro
Economic Journal of Emerging Markets Volume 16 Issue 1, 2024
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.vol16.iss1.art1

Abstract

Purpose – Central banks’ foreign reserve stocks in emerging markets have increased substantially in recent decades. Foreign reserves accumulation has been widely believed as a shock absorber to prevent financial crises. Meanwhile, accelerating foreign reserves might be contradictory to the monetary policy objectives. This research aims to investigate the impact of foreign reserves on the inflation dynamics.Method – We apply the inflation-expectation augmented Phillips curve on the monthly data over the period of 2005(7) to 2020(12) in the case of Indonesia. Findings – We show that stockpiling foreign exchange reserves indeed has an inflationary pressure impact. The central bank's intervention in the foreign exchange market is more significant in selling rather than purchasing foreign exchange. However, the non-monetary factors also play an important role in determining inflation. Implications – Considering channels through which foreign reserves might affect inflation, our findings suggest the monetary authority should be concerned with inflationary expectations in the short term as one of the major policy-driven goals to maintain price stability in the long run.Originality – This paper contributes to the literature on monetary policy in developing countries. Unlike other empirical studies, this research employs the inflation-expectation augmented Phillips curve and accommodates the issue of asymmetric effects of the change in foreign reserves.
Investigating the factors affecting the PISA-based test performance of Asian students Ebru Çağlayan Akay; Zamira Oskonbaeva
Economic Journal of Emerging Markets Volume 16 Issue 1, 2024
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.vol16.iss1.art4

Abstract

Purpose ― This study investigates the factors affecting the learning outcomes of Asian students. Methods ─ The effects of both educational inputs and economic and socioeconomic variables on the PISA scores of 10 Asian countries (Hong Kong, Indonesia, Japan, Singapore, Macau, Korea, Turkey, Israel, Qatar, and Thailand) for the years 2006, 2009, 2012 and 2015 were examined using unbalanced panel data. Findings ─ The results show that country-level economic factors strongly affect academic achievement. Furthermore, country-level economic factors dominate the other explanatory factors in the numerical and statistical sense. Implication ─ The findings provide valuable information for educators, policymakers, and researchers aiming to develop efficient educational strategies to improve educational quality. Furthermore, the results offer policy suggestions for addressing factors that impact the quality of education both at the national and international levels.Originality ─ This research enhances the current body of knowledge by investigating how economic and socioeconomic variables affect students' math, science, and reading performance, particularly emphasizing Asian countries.
How do economic growth, trade openness, and non-renewable and renewable energy affect environmental quality in VISTA Countries? İlyas Bayar; Mehmet Dabakoglu
Economic Journal of Emerging Markets Volume 16 Issue 1, 2024
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.vol16.iss1.art6

Abstract

Purpose ─ This study examines the effects of economic growth, the use of renewable and non-renewable energy sources, and trade openness on carbon emissions in VISTA countries (Vietnam, Indonesia, South Africa, Turkiye, and Argentina)Method ─ In this work, empirical methods include the second-generation unit root and cointegration tests, as well as Panel AMG and Panel CCE estimators.Findings ─ The following are the key findings. First, the variables demonstrate a long-run relationship. Second, economic growth and the consumption of non-renewable energy sources contribute to an increase in carbon emissions over time, whereas the consumption of renewable energy sources lowers carbon emissions over time. Implication ─ To promote sustainable growth in VISTA countries, it is recommended to increase investments in renewable energy sources while enhanching public sector supports for the private sector.Originality ─ This is the first study to examine how economic growth, trade openness, and renewable and non-renewable energy sources affect carbon emissions in VISTA nations.
The determinants of private investment: Evidence from South Africa Glenda Maluleke
Economic Journal of Emerging Markets Volume 16 Issue 1, 2024
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.vol16.iss1.art8

Abstract

Purpose ─ This paper examines the determinants of private investment. The result can help the government determine which investment drivers to consider when formulating policies to stimulate private investment.Methodology ─ It uses a Nonlinear Autoregressive Distributed Lag (NARDL) estimation approach with time series data from 1965 to 2022. Findings ─ The results indicate that positive shocks in economic growth lead to an increase in private investment over the long term. Conversely, both positive and negative shocks in inflation are found to positively impact private investment in the long run. Additionally, domestic credit to the private sector has a negative impact in both the short and long term. Implications ─ The government should develop policies designed to create an environment conducive to private investment. These policies should focus on ensuring easy access to finance, enhancing the openness of the economy, and maintaining a low and stable inflation rate.Originality ─ Few studies have fully explored the important drivers of private investment, especially in South Africa. Moreover, the studies conducted in South Africa have used other cointegration techniques, which are relatively weak compared to the NARDL used in the current study.
Impact of public sector governance and human capital development on Myanmar's economic growth Hidekatsu Asada
Economic Journal of Emerging Markets Volume 16 Issue 1, 2024
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.vol16.iss1.art3

Abstract

Purpose ─ This research examines the effects of Myanmar's domestic economic reform measures on its economic growth, highlighting the impact of public sector governance and human capital development. Methods ─ The Toda-Yamamoto test on Granger causality and the vector error correction model are employed to examine the impact of Myanmar's domestic economic reform measures on its economic growth.Finding ─ The results reveal that unidirectional causality existed, from public sector governance to economic growth and human capital development to economic growth. The vector error correction model revealed that public sector governance and human capital development had a long-term and positive relationship with economic growth from 2001 to 2019.Implication ─ The study confirms that Myanmar's domestic economic reform measures contributed to its economic growth from 2001- 2019. These findings underpin the importance of continuing domestic economic reform, such as public sector governance and promoting human capital development, to achieve economic growth in the long run. Originality ─ This paper contributes to existing literature by shedding light on the impact of public sector governance, human capital development, and public sector governance on Myanmar's economic growth.
Impacts of unemployment benefit program on job search duration: Evidence from Indonesia Turro Selrits Wongkaren; Tarimantan Sanberto Saragih; Flora Aninditya; Chairina Hanum Siregar; Aditya Harin Nugroho; Rihlah Ramdoniah; Eldest Augustin; Kania Fitriani; Fergie Stevi Mahaganti; Maurizky Febriansyah
Economic Journal of Emerging Markets Volume 16 Issue 1, 2024
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.vol16.iss1.art2

Abstract

Purpose ― This study examines the impacts of the Unemployment Benefit Program (Jaminan Kehilangan Pekerjaan, JKP) on the duration of job search in Indonesia using internal data sourced from the Employment Social Security Administering Agency (Badan Penyelenggara Jaminan Sosial Tenaga Kerja, BPJS TK).Method ― The Regression Kinked Design (RKD) model and Ordinary Least Square (OLS) estimation method are used to analyze the data on laid-off workers who have received the JKP benefits.Findings ― On average, the JKP beneficiaries have a longer duration of job search than laid-off workers who do not receive benefits. An increase in the replacement rate of the JKP benefits is associated with an increased duration of both job search and benefit claims. The RKD plot indicates that a replacement rate lower than 45% may decrease the duration of benefit claims and job searches. Implication ― The results imply that the government should consider two potential options: (1) maintaining the current level of monetary benefits that leads to a longer job search duration; in other words, the program management must continue providing benefits for the maximum duration offered (up to 6 months), or, (2) reducing the monetary benefits, if BPJS TK aims to reduce the job duration. The results may change if a more robust labor market information system is available.Originality ― This study represents the first attempt to investigate the impact of the Unemployment Benefit Program (JKP) on job search duration in Indonesia. It might also be important to enrich the existing literature on the impact of similar programs in developing countries and countries with large populations.
Deciphering the black-box of monetary policy transmission in South Asia Khalil Ullah Mohammad; Mohsin Raza Khan
Economic Journal of Emerging Markets Volume 16 Issue 1, 2024
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.vol16.iss1.art5

Abstract

Purpose ─ This study aims to identify the role of the bank capital channel by investigating how monetary policy affects bank lending through its influence on bank equity capital in the transmission of monetary policy.Method ─ The panel vector autoregression (pVAR) is employed to investigate the complex relationship between monetary policy shocks, bank capital, and lending behavior. Results ─ The main findings are as follows: 1) The study finds evidence of both the bank lending and bank capital channels in South Asia. The analysis reveals a Granger causality between changes in bank capital position and policy rate adjustments, indicating a dynamic interplay between these variables. 2) The findings suggest that although the direct effects of capital position changes on bank lending appear negligible, a nuanced examination uncovers the moderating influence of capital position changes on the impact of policy rate fluctuations on lending behavior. 3) The study suggests that healthier banking systems weaken the bank lending channel in South Asia.Implication ─ The research sheds light on the mechanism involved in the interplay between monetary policy, bank capital, and lending, providing valuable insights for policymakers and future research directions.Originality ― This study seeks to fill a gap in the existing literature that offers limited evidence regarding the bank capital channel of monetary policy transmission mechanism, especially within the context of the South Asian region.
Financial development and central bank bilateral currency swaps: Is there trade effect? Abdullahi Ahmed Mohammed
Economic Journal of Emerging Markets Volume 16 Issue 1, 2024
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.vol16.iss1.art7

Abstract

Purpose ― This paper aims to empirically investigate the impact of currency swaps on international trade, given China's differential level of financial development and its currency swap partners. Methods ― The study employes an empirical structural gravity model using datasets encompassing financial development, trade, and intuitive gravity equation variables for 27 countries from 1980 to 2013. The level of financial development and swaps was captured by the interaction term of the disaggregated measure of financial development, such as access, depth, and efficiency, each interacting with currency swaps.Findings ― The findings suggest that currency swaps are essential for trade and exhibit a large trade effect, especially for countries with relatively low levels of financial development. The paper substantiates empirical evidence indicating disparities in financial development across countries, and such differences are important in determining trade patterns. Implication ― Strong financial systems promote trade in advanced economies, whereas the opposite holds true for developing countries. The examination of the influence of financial systems on trade through empirical tests remains important on the research agenda of policymakers and researchers, especially those looking at industry-level import and export data.Originality ― The study delves into the nexus between financial development and trade within the framework of the Central Bank bilateral currency swap network by highlighting the role of financial institutions and market size (depth), activity (access), and efficiency. In addition, it addresses the drawbacks of previous empirical research that largely focuses on the private credit-to-GDP ratio as a key proxy for financial development.

Page 1 of 1 | Total Record : 8

 1 

Filter by Year

2024 2024


Reset
Filter By Issues
All Issue Volume 17 Issue 1, 2025 Volume 16 Issue 2, 2024 Volume 16 Issue 1, 2024 Volume 15 Issue 2, 2023 Volume 15 Issue 1, 2023 Volume 14 Issue 2, 2022 Volume 14 Issue 1, 2022 Volume 13 Issue 2, 2021 Volume 13 Issue 1, 2021 Volume 12 Issue 2, 2020 Volume 12 Issue 1, 2020 Volume 11 Issue 2, 2019 Volume 11 Issue 1, 2019 Volume 10 Issue 2, 2018 Volume 10 Issue 1, 2018 Volume 9 Issue 2, 2017 Volume 9 Issue 1, 2017 Volume 8 Issue 2, 2016 Volume 8 Issue 1, 2016 Volume 7 Issue 2, 2015 Volume 7 Issue 1, 2015 Volume 6 Issue 2, 2014 Volume 6 Issue 1, 2014 Volume 5 Issue 2, 2013 Volume 5 Issue 1, 2013 Volume 4 Issue 2, 2012 Volume 4 Issue 1, 2012 Volume 3 Issue 3, 2011 Volume 3 Issue 2, 2011 Volume 3 Issue 1, 2011 Volume 2 Issue 3, 2010 Volume 2 Issue 2, 2010 Volume 2 Issue 1, 2010 Volume 1 Issue 3, 2009 Volume 1 Issue 2, 2009 Volume 1 Issue 1, 2009 Volume 13 Issue 3, 2008: Indonesian Version Volume 13 Issue 2, 2008: Indonesian Version Volume 13 Issue 2, 2008: English Version Volume 13 Issue 1, 2008: Indonesian Version Volume 13 Issue 1, 2008: English Version Volume 12 Issue 3, 2007 Volume 12 Issue 2, 2007 Volume 12 Issue 1, 2007 Volume 11 Issue 3, 2006 Volume 11 Issue 2, 2006 Volume 11 Issue 1, 2006 Vol. 10 No. 3 (2005) Vol. 10 No. 2 (2005) Vol. 10 No. 1 (2005) Vol. 9 No. 2 (2004) Vol. 9 No. 1 (2004) Vol. 8 No. 2 (2003) Vol. 8 No. 1 (2003) Vol. 7 No. 2 (2002) Vol. 7 No. 1 (2002) Vol 6, No 2 (2001) Vol 6, No 1 (2001) Vol 5, No 2 (2000) Vol 5, No 1 (2000) Vol 4, No 2 (1999) Vol 4, No 1 (1999) Vol 3, No 1 (1998) Vol. 2 No. 3 (1997) Vol. 2 No. 2 (1997) Vol. 2 No. 1 (1997) Volume 8, 1996 Volume 7, 1996 Volume 6, 1995 Volume 5, 1995 Volume 4, 1994 Volume 3, 1994 Volume 2, 1994 Volume 1, 1993 More Issue