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Economic Journal of Emerging Markets
ISSN : 20863128     EISSN : 2502180x     DOI : -
Core Subject : Economy,
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.
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Articles 589 Documents
DETERMINAN INVESTASI DI DAERAH: STUDI KASUS PROPINSI DI INDONESIA Jamzani Sodik; Didi Nuryadin
Economic Journal of Emerging Markets Volume 13 Issue 1, 2008: Indonesian Version
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.v13i1.48

Abstract

The main purpose of this research is to test the determinant of investment locations in 26 provinces in Indonesia between 1993-2003 using dynamics method of panel. Factors affecting to investment locations in Indonesia are indicator of market size which is growth rate PDRB (X1), infrastructure indicator i.e. number of electricity capacity (X2), indicator spatial which is deensity (X3), indicator manpower that is labour force (X4) and wages/UMP (X5), and last of economic indicators that is export/ level of chartered investment counsel openness (X6). The result concludes that all variables applied in stationary research has at data level (I0), equally all variables have owned degree of the same integration. Result of testing of panel co integration with approach of parametric indicates that Group rho-Statistic to have coefficient 8432 while Group PP-Statistic has coefficient co integration of 9193. The coefficient co integration by using Group ADF-Statistic is 2540. Probability each testing method indicates that variable applied by co integrating at level of significance at 5%. From total 7 testing panel, got result that all research variable of co integrating or on a long term research variable has direction of the same movementKeywords: investments, panel dynamic, unit root panel, and cointegration panel
Analisis Pertumbuhan Ekonomi di Karesidenan Semarang Era Desentralisasi Fiskal Amin Pujiati
Economic Journal of Emerging Markets Volume 13 Issue 2, 2008: Indonesian Version
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/vol13iss2aa221

Abstract

Every regions goverment must be able increasing their own regional income. The finance of resources in fiscal decentralization era, such as: regional original income, general allocation funds and natural resources revenue sharing and tax revenue sharingThis research aims to analyze the fiscal decentralization impact to economic growth at regional district in sub provinsi Semarang. The tools of analisis is regression using panel data with Generalized Least Square (GLS) method and Fixed Effect model. It uses district-level data and supplied by the Indonesian Central Bureau of Statistics during 2002 - 2006The regression result shows that regional income, natural resources revenue sharing and tax revenue sharing, and labour forces have positive impact on economic growth at regional district in sub provinsi Semarang.General allocation funds has negative effect towards economic growth at regional district in sub provinsi Semarang. Fiscal decentralization brings more advantages for regions to manage their own fiscal capacities. The regions governments must be have informational advantages concerning resource allocation with optimalKeywords: Fiscal Decentralization, economic growth, Fixed Effect Model
Indonesia Manufactures: Would It be Trade Competition or Complement to China, Japan and Korea under ASEAN Plus Three? Rokhedi Priyo Santoso
Economic Journal of Emerging Markets Volume 13 Issue 2, 2008: Indonesian Version
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/vol13iss2aa225

Abstract

Free trade agreement of ASEAN Plus Three will effectively be implemented in 2010. The establishment of the free trade area will facilitate the realization of potential intra-trade as well as increasing competition of Indonesian products especially manufactures which are intensively traded with the Three. This paper is aimed at analysing the potential trade com-petition and trade complement of Indonesia manufactures to China, Japan, and Republic of Korea under that agreement. Manufactures data used are 3 digits SITC 6 between 1996 and 2006, inclusively. For that purpose, this paper employs an export similarity index (ESI) to identify competitive trade relation; and intra-industry trade index (IIT) to determine com-plementary trade relation. The main finding is that Indonesia and China has more competi-tive trade relation for all categories of manufactures. Both countries have greater similarity in their export structures than that of Japan and Republic of Korea. Conversely, Indonesian manufactures industries have higher complementary trade relation with Japan than with China or Republic of Korea. Thus, forming free trade area between ASEAN and the Three would bring potential competition challenge from China as well as opportunity of intra-industry trade expansion especially from Japan. Keywords: Trade Complementary, Trade Competition, Export Similarity Index, Intra Indus-try Index
Analysis of Factors Influencing Inflation in Indonesia Endri Endri
Economic Journal of Emerging Markets Volume 13 Issue 1, 2008: English Version
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.v13i1.356

Abstract

This research is aimed at analysing some factors that affect inflation rate in Indonesia during period 1997-2005. Using cointegration analysis and error correction model this research will investigate the relationship between independent variable and dependent variables in both short run and long run. In the long run, the monetary policy instrument (SBI rate), output gap and exchange rate have significant influence on inflation rate under floating exchange rate regime. In the short-run, the speed of adjustment of exchange rate is higher and significant for corrected to its long run equilibrium.Keywords: inflation, transmition effect, cointegration, error correction model
Keterkaitan Akses Sanitasi dan Tingkat Kemiskinan: Studi Kasus di Propinsi Jawa Tengah Bhimo Rizki; Samsubar Saleh
Economic Journal of Emerging Markets Volume 12 Issue 3, 2007
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.v12i3.378

Abstract

The Millennium Development Goals (MDGs) describes that there exist the inter¬dependent relationship between sanitation and poverty rate. In fact, developing and improv¬ing in sanitation aspect will reduce indirectly poverty. The goal of this study is to investigate the relationship between sanitation and poverty in the case of all regencies/municipalities in the central Java Provinces.The results find that the factors affecting sanitation are the gross regional domestic product (GRDP) per capita, income distribution, and the cultural awareness of household on health related to sanitation.  In other hand, sanitation accessibility of household could affect economic and social aspect such as poverty rate and the gross regional domestic product per capita. This study also shows that Banyumas, Purbalingga, Banjarnegara, Purworejo, Wonosobo, Rembang, Demak, Pekalongan, Pemalang, and Tegal are some regen¬cies/municipalites in Central Java province which their sanitation access is less condusive.Keywords:    Human Development Indexes, Sanitation, Millennium Development Goals, Poverty, GRDP per capita
Liberalizing the Malaysian Stock Market Fathin Faizah Said; Mustazar Mansur; Zulkefli Abdul Karim
Economic Journal of Emerging Markets Volume 12 Issue 2, 2007
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/vol12iss2aa508

Abstract

This paper tries to examine the effect of the volatility that might arises as a result of capital flows according to market opening prior to December 1985 Malaysia case. There-fore, many economists and policy makers concern about the risks associated with the open-ing and globalizing of the markets. Our findings show that stock return becomes less volatile, implying lower return offered to the investors. On the other hand, we proved that globaliza-tion do not reveal any risk to the inflation rate. In contrast, currency return becomes riskier after globalization. Ultimately, we conclude that integrated or liberalized capital flows will affect national policy in stabilizing the domestic economics.JEL Classifications: C22, G12, G18.Keywords: Liberalization, capital market, volatility, Univariate Grach-M.
Efisisensi Ekonomi dan Dampak Kebijakan Pemerintah Terhadap Usaha Penangkapan Lemuru di Muncar, Jawa Timur Mira Mira
Economic Journal of Emerging Markets Volume 12 Issue 2, 2007
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.v12i2.512

Abstract

The objective of this research was analyze economic efficiency and the government policy impact on sardinella Lemuru in Muncar, East Java, in 2007, which are private profitability, social profitability, private cost ratio, domestic cost ratio, nominal protection on output, nominal protection on input, and the government policy economic incentive impact (subsidy ratio to producer, efficiency protection coefficient, and profitability coefficients). The analysis use was policy matrix method. The results indicated private profitability > 0 (683.275.260), it means sardinella Lemuru commodity system get profitability above normal, which have implication that the commodity can be expanded. Social profitability > 0 (144.403.931,4), it means the sardinella Lemuru commodity system more efficient. Private cost ratio < 1 (0,79) indicated the sardinella Lemuru commodity had competitive advantage. Domestic cost ratio < 1 (0,97), it means the sardinella Lemuru commodity had comparative advantage. Nominal protection on output > 1 (1,19), it means the government policy impact on output have beneficial effect to the fisherman, this impact caused sardinella Lemuru price which should be received by fisherman of sardinella Lemuru still a few higher than the sardinella Lemuru exporting price in fisherman levels, sardinella Lemuru price received by farmer 119% from the actual price. Nominal protection on input < 1 (0,97), it means the government policy impacts was input have beneficial effect. The Government policy economic incentive impact value was positive which implicated the government policy given incentive to the fisherman, its caused the profit received was 14 % from the actual price by the fisherman. Keywords: Impact, policy, efficiency, sardinela lemuru
An Econometric Analysis on Selected Socioeconomic Indicators: Evidence from State of Malacca, Malaysia Rosilawati Amiruddin; Ismadi Ismail; D., Agus Harjito; Wahyu Ario Pratomo
Economic Journal of Emerging Markets Volume 12 Issue 1, 2007
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.v12i1.514

Abstract

In attaining a sustainable economic growth, the government or the relevant au-thorities must not disregard social life of the society. Economic development must coincide with the social development of the society. This study will endeavor to investigate the socio-economic level of household in the state of Malacca by gathering information on 334 house-holds located in the District of Alor Gajah. The main objective of this study is to view the socioeconomic level for selected indicators such as income, education and health. The method of this study is by the issuance of questionnaires which conform to the needs of this study. The methodology employed in analyzing the data obtained is through descriptive analysis and econometric techniques especially in examining the relationship between social and economic variables.The result of the study shows that the Malay households control the income in the district and have a higher educational level compared to other ethnics relatively. The cost of education for household depends on the income level, the members in the household which are still studying and the ethnicity. The district’s households still prefer to obtain health ser-vices provided by the government and the degree of dependency decreased accordingly with an increase in income. Although, this study is limited to only few socioeconomic indicators, it still can be considered as an initial step for further studies to be made on socio economy in the state of Malacca.Keywords: socioeconomics, household, econometric analysis.
Catatan untuk Maksimisasi Keuntungan: Sebuah Pertanyaan yang Ditujukan Kepada Prinsip “MC=MR” Munrokhim Misanam
Economic Journal of Emerging Markets Volume 12 Issue 1, 2007
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.v12i1.519

Abstract

It has long been set that the condition for maximum profit is MC=MR. Moreover, this condition has been one of doctrines in microeconomics for decades since Professor Marshall changed the name of the area from Political Economy to be Economics. The condition is mathematically derived from the process of profit maximization. This article is trying to ask whether the condition is valid for every situation. There is one hole that makes this condition seems weird, that is, in the case of unitary elastic and inelastic demand. In the first case the condition dictates that the producer should take infinity mark-up, while in the second case the condition commands to make a negative mark-up which is of course unreasonable in either way. This article also explores the possible argument for this condition, which is linear demand curve. Still, this argument cannot cover the entire cases. Furthermore, this article argues that the demand producers always face is either non linear or constant-elasticity in nature. The imperfection of the condition stems from the fact that it fails to impose second order (sufficient) condition when maximizing profit. This article is trying to explore the assumption-free condition by imposing second order (sufficient) condition. The result even though a bit complex in its expression but it gives a strong implication.Keywords: MC, MR, profit maximization
Analisis Faktor Ruangan yang Berpengaruh Terhadap Nilai Tanah Perkotaan Hening Widi Oetomo
Economic Journal of Emerging Markets Volume 11 Issue 3, 2006
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.v11i3.524

Abstract

Urban Land value have increased tendency but building value have decreased tendency. It is important to know what’s factor influencing the land value.The method for addressing the above-mentioned problem is factor analysis. Data collected from a sample of 1558 lots in Surabaya and there are 16 variables used in this study. There are grouping into 3 category, first structural factor, neighborhood factor and location factor. The results of factor analysis, there are 13 variables usable and grouped into five new factor based on eigen value more than 1 (>=1). The five factors are: Social Factor has eigen value of 3.142 with variant percentage of 19.64 %; Phisical Factor has eigen value of 2.346 with variant percentage of 14.663 %; Economic Factor has eigen value of 1,633 with variant percentage of 10.206 %; Education Factor has eigen value of 1,182 with variant percentage of 7.388 %; Construction Factor has eigen value of 1,054 with variant percentage of 6.589 %. From correlation matrix, we get value from Bartlett’s Test of Sphericity (BTS) of 7204.552, which suggest that on correlation matrix, there are correlation between factors supported by Kaiser-Meyer-Olkin (KMO) value of 0,612 and variant cumulative value of 58.486 %.The Social Factor consists of 3 variables, namely number of secondary school in radius 1 miles (N4), number of worship in radius 1 miles (N7) and nearest distance to Central Business District (L1). The Phisical Factor consists of 3 variables namely shape index (S4), flooded classes (N1) and road classes (N2). The Economic Factor consists of 2 variables namely nearest distance to public market (L2) and nearest distance to electric pole (L3). The Education Factor consists of 3 variables namely number of elementary school in radius 0.25 miles (N3), nearest distance to elementary school (N5) and nearest distance to secondary school (N6). The Construction Factor consist of 2 variables namely area (S1) and front width (S2).Based on the results, all of institution such as banking, taxation, real estate enterprise which correlation with the land value, suggested to monitoring the factor has founded in this researh for appraisal of land value in Surabaya. Keywords: urban land value, hedonic concept, factor analysis

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