Economic Journal of Emerging Markets
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.
Articles
589 Documents
Asuransi Takaful: Prospek dan tantangannya
Achmad Sobirin;
Muchsin Muhtar
Economic Journal of Emerging Markets Volume 3, 1994
Publisher : Universitas Islam Indonesia
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DOI: 10.20885/ejem.v3i0.6596
Dewasa ini perhatian terhadap nilai-nilai syariah Islam terhadap muamalah khususnya di bidang ekonomi menjadi besar. Lembaga perekonomian yang terjalin dengan pranata keagamaan makin menggejala dimana-mana dan kini sedang tumbuh mencari bentuk untuk dapat diterima di tengah-tengah masyarakat.
How Effective is Property Right to Deter Deforestation in Indonesia 2001-2005
Rokhedi Priyo Santoso
Economic Journal of Emerging Markets Volume 1 Issue 2, 2009
Publisher : Universitas Islam Indonesia
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DOI: 10.20885/ejem.v1i2.2277
The rate of deforestation in Indonesia is higher than the world average. The lack of propertyrights could potentially result in overexploitation on forest resources. This paper argues thatthe presence of assigned property rights (natural forest concession) would prevent furtherdeforestation in Indonesia. Using panel data estimation, the main result is that natural forestconcession is negatively significant in influencing deforestation in Indonesia. This effect isexplained by relatively high of the elasticity of deforestation rates with respect to area of assignednatural forest concession accounted for 0.33. This elasticity outweighs the positivesignificant effect of logs production in worsening deforestation in Indonesia.Keywords: deforestation, property right, natural forest concession, panel data
Kausalitas antara Penerimaan, Belanja, dan PDRB pada Kota dan Kabupaten di Indonesia
Haryo Kuncoro
Economic Journal of Emerging Markets Volume 12 Issue 3, 2007
Publisher : Universitas Islam Indonesia
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DOI: 10.20885/ejem.v12i3.376
Causality is an important concept in applied econometrics. It helps us to identify the direction which variable is a cause (policy) and which one is an impact. This paper applied the technique of Granger causality to determine the causal relationship between total government expenditures, total tax revenues, and regional income in the case of regencies’/ rmunicipalities’ local government in Indonesia over the period of 1988-2003.Unlike other researchers, this study breaks down the total local government expenditures into operating and capital expenditures. Similarly, the total local government revenues are specified further into local own revenues and intergovernmental transfers (tax & non tax revenue sharing and grant). Using annual panel data, the analysis discovers a firm bidirectional effect from expenditure to revenue. Meanwhile, we found a unidirectional between regional income and grant. It suggests that the preference of controlling either the spending or revenue decisions is conducted both central and local governments to synchronize fiscal performance. Policy implication that could be drawn is that local governments may increase regional economic performance without depending on grants from central government.Keywords: local government, revenue, expenditure and causality
DOMESTIC AND FORIGN FACTORS FOR STOCK PRICES IN INDONESIA
Rahajeng Cahyaning Putri Cipto;
Akhsyim Afandi
Economic Journal of Emerging Markets Volume 2 Issue 2, 2010
Publisher : Universitas Islam Indonesia
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DOI: 10.20885/ejem.v2i2.2302
Indonesia has been developing various sectors of its economy, and so it needs a huge amount of capital. Therefore, it has been putting a lot of efforts to develop its capital market. This paper analyzes the impacts of domestic and foreign factors on Indonesia stock price. Some considered domestic factors are interest rates, production index, and foreign exchange rates. Various considered foreign factors are Singapore and US stock prices. The paper uses Vector Error Correction Mechanism model to analyze the data. The estimation results suggest that all variables significantly influence Indonesia stock price, with Singapore stock price as the dominant factors.Keywords: Stock price, interest rates, exchange rates, production indexJEL classification numbers: G12, G15
Efisiensi Teknis Usaha Budidaya Pembesaran Ikan Lele di Kolam (Studi Kasus di Kabupaten Tulung Agung, Propinsi Jawa Timur)
Tajerin Tajerin
Economic Journal of Emerging Markets Volume 12 Issue 1, 2007
Publisher : Universitas Islam Indonesia
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DOI: 10.20885/ejem.v12i1.517
Fish culture technical efficiency level is signal of fish farmer’s achievement concerning his managerial ability in managing important factors of production which affect the productivity of his business. The research aim to evaluated level of technical efficiency of catfish growth out culture and factors affecting. The research was conducted in Tulung Agung regency, East Java Province during September to December in 2005. The respondent of catfish farmer was selected by stratified random sampling method. The result of research showed that average of technical efficiency level received by catfish farmers in ponds was classified in middle – high category and relatively smooth. The main factor affecting the technical efficiency rate is catfish culture related family income share from the total income. Other proven conducive factors are catfish culture training, total per capita income, recommended technological adoption, participatory in catfish farming group and catfish culture farmer’s age. Since the technical efficiency level achieved is no where close to the frontier, therefore the development policy for catfish culture should be on spread group approach with application the culture technology are really imperative and innovate. Keywords: technical efficiency, growth out, catfish, pond
EFFECTIVENESS OF QARD AL-HASAN FINANCING AS A POVERTY ALLEVIATION MODEL
Widiyanto Widiyanto;
Siti Mutamimah;
Hendar Hendar
Economic Journal of Emerging Markets Volume 3 Issue 1, 2011
Publisher : Universitas Islam Indonesia
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DOI: 10.20885/ejem.v3i1.2318
Poverty has been proven to be one of the most difficult problems to handle. This research tries to reveal the effectiveness of poverty alleviation model via Qard al-Hasan financing conducted by Baitul Mal Wat Tamwil. It is a model of free-interest financing which financed by zakah, shadaqah and other modes of charity. The result of the study shows that Qardh al-Hasan financing model is effective in empowering the economic activities of the needy. This financing model is supported by the prominent figure in the society and moslem religious leader and the economist. QH financing is potential to be developed further as a poverty alleviation model.Keywords: Qard al-hasan financing, effectiveness, poverty alleviationJEL classification numbers: G19, I39
Analisa Faktor-Faktor yang Mempengaruhi Inflasi di Indonesia Periode 1997:3 – 2005:2
Fery Andrianus;
Amelia Niko
Economic Journal of Emerging Markets Volume 11 Issue 2, 2006
Publisher : Universitas Islam Indonesia
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DOI: 10.20885/ejem.v11i2.533
Contagion Effect from Thailand crisis representing early its economics some State in ASEAN still leave over inflation burden to Indonesia. Serious of Indonesia in overcoming inflation marked with policy of inflation as targeting single to monetary authority. Successfulness this attainment target must be followed by research influencing inflation. For that, this study aim to analyze the influence factors of inflation in Indonesia and also its movement in short-range and long-range. This research background overshadowed by inflation phenomenon in Indonesia not only having an effect in short-range but also on a long term. Through analysis of Ordinary Least Squares (OLS) show that exchange rate and interest rate significant influence the inflation. Through Analysis Partial Adjustment Model (PAM) known that only interest rate influencing fast improvement of inflation in short-range and in long-range. This research used data series time (1997:3-2005:2). Keywords: Inflation, Money Supply, GDP, Exchange Rate, Interest rate.
ASEAN ECONOMIC INTEGRATION: TRADE CREATION OR TRADE DIVERSION FOR IMPORT OF INDONESIA MANUFACTURES?
Samsubar Saleh;
Bambang Suprayitno
Economic Journal of Emerging Markets Volume 2 Issue 1, 2010
Publisher : Universitas Islam Indonesia
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DOI: 10.20885/ejem.v2i1.2382
This research investigates the trade creation and trade diversion of Indonesia manufactures importfrom extra and intra ASEAN countries after ASEAN economic integration. Using regression analysis,the study suggests that Indonesia manufactures import has been diverted from extra ASEANcountries both in short run and long run. In the short run, the ASEAN economic integration doesnot result in trade creation for Indonesia manufactures import from intra-ASEAN countries. Thismight stems from the insignificant difference Common Effective Preferential Tariff (CEPT) andMost Favoured Nation (MFN) tariffs and the existence of non-tariff barriers.Keywords: Economic integration, trade creation, trade diversion, Indonesia manufacturesJEL classification numbers: F15, O14
Lingkages Between Foreign Direct Investment and its Determinants in Malaysia
Zunaidah Sulong;
D. Agus Harjito
Economic Journal of Emerging Markets Vol. 10 No. 1 (2005)
Publisher : Universitas Islam Indonesia
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DOI: 10.20885/ejem.v10i1.601
This paper addresses the relationship between Foreign Direct Investment (FDI) and its determinants in Malaysia. The annual data for the period of 1970 to 1999 were employed in this study. The OLS regression is used to determine the relationship between FDI and its independent variables. The variables are estimated in the full model (Model I) and different sub-models (Model II, Model III and Model IV). Generally, the results indicate that there are at least four factors that may be used to predict the level of FDI in Malaysia. These variables are inflation rate, gross domestic product (GDP), import, and export are among the main determinants of FDI in Malaysia.Keywords: foreign direct investment, inflation rate, GDP, import, and export
MODELLING INDONESIAN OIL AND GAS EXPORT
Sofyan Syahnur;
Nawafil
Economic Journal of Emerging Markets Volume 4 Issue 1, 2012
Publisher : Universitas Islam Indonesia
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DOI: 10.20885/vol4iss1aa3173
This study investigates factors affecting Indonesian oil and gas export to six main importing countries. A simultaenuous equation model containing demand and supply equation is used to analyze the problem. A two-stage least squares method is employed to estimate the model. The results show that exchange rate does not statistically influence Indonesian oil and gas export demanded. It also finds that the Gross Domestic Product (GDP) of importing countries and Indonesian oil and gas price statistically affect the demand. From the supply model analysis, price statistically affects Indonesian oil and gas export supplied. In addition, Indonesian oil and gas production influences the supply.Keywords: Oil and gas export, simultaneous equation model, exchange rate, GDP.JEL classification number: F40, Q41AbstrakStudi ini menyelidiki faktor-faktor yang mempengaruhi ekspor minyak dan gas Indonesia ke enam negara importir utama. Model permintaan dan penawaran digunakan untuk menganalisis ekspor migas Indonesia dalam bentuk persamaan simultan. Metode Two-Stage Least Squares (2SLS) dipakai untuk mengestimasi persamaan simultan tersebut. Hasil studi menunjukkan bahwa kurs tidak berpengaruh terhadap permintaan ekspor migas Indonesia. Studi ini juga menemukan bahwa Produk Domestik Bruto (PDB) negara pengimpor dan harga migas Indonesia berpengaruh terhadap permintaan ekspor migas Indonesia. Dari hasil analisis model penawaran didapatkan bahwa harga dan produksi migas Indonesia mempengaruhi penawaran ekspor migas Indonesia.Kata Kunci: Ekspor minyak dan gas, model persamaan simultan, kurs, PDBJEL classification numbers: F40, Q41