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Susilo Nur Aji Cokro Darsono
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INDONESIA
Jurnal Ekonomi & Studi Pembangunan
Published by Universitas Muhammadiyah Yogyakarta
ISSN : 14119900     EISSN : 25415506     DOI : https://doi.org/10.18196/jesp
Core Subject : Economy,
Economics, Econometrics & Finance
Jurnal Ekonomi & Studi Pembangunan (JESP) focuses on research papers relating to development economics and multidisciplinary concern to systemic problems in developing countries particularly using quantitative or theoretical work in which novelty is essential. JESP does not publish manuscripts in critical review and book review. Nevertheless, we accept in-depth studies of specific cases, events, or regions that are likely to bring more benefits on developing economics.
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 7 Documents
 1 
Search results for , issue "Vol 19, No 2: October 2018" : 7 Documents clear
THE RELATIONSHIP BETWEEN CORPORATE GOVERNANCE AND FINANCIAL PERFORMANCE IN ISLAMIC BANKS Ausat, Syed Amaar Ali
Jurnal Ekonomi & Studi Pembangunan Vol 19, No 2: October 2018
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.19.2.5001

Abstract

Corporate governance refers to policies and mechanisms related to how the company is directed and controlled and looks at the Board of Directors and their characteristics for example. The focus of this study will be to investigate the relationship of corporate governance and financial performance for Islamic Banks. The corporate governance variables and financial data was collected using the Orisis database and looking through annual reports of the banks from 2013 to 2017. The sample comprised 12 listed Islamic banks from different countries and used a panel data approach with a set of 60 firm-year observations. The corporate governance variables selected included, board size, CEO duality, board independence and Shariah Supervisory Board size to test their effect of a firm’s performance measured by ROA and ROE. Other firm level characteristics such as size and age of the banks were included to reduce the amount of external influence throughout the study. Results were analysed using descriptive statistics, Pearson Correlation Matrix, Generalised Least Squared (GLS) regression and the Random Effect Model. The concluding results proved that there was a positive relationship between some corporate governance variables and a firm’s performance. Board size was reported as the most significant factor which affects financial performance as measured by ROA. However, interestingly CEO duality was also noted to be a significant factor which affected performance. This was seen for both performance measures; ROA and ROE. The remaining independent variables and control variables showed no significant correlation to a firm’s performance and that there must be external factors which explain performance. The results showed that corporate governance was a necessary consideration for improved performance.
THE DETERMINANTS OF INDONESIAN CRUDE PALM OIL EXPORT: GRAVITY MODEL APPROACH Ridwannulloh, Ridwannulloh; Sunaryati, Sunaryati
Jurnal Ekonomi & Studi Pembangunan Vol 19, No 2: October 2018
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.19.2.5004

Abstract

Crude Palm Oil (CPO) is a commodity in the agricultural sector with the largest contribution to the value of Indonesian exports. Moreover, since 2006, Indonesia has become the largest CPO producer in the world. Therefore, this research attempts to investigate determinants of In­donesia CPO export to main trading partners using Gravity model approach. This study is conducted to analyze the effect of Indonesia’s GDP, GDP of Indonesia’s four main trading partners, distance, the rupiah exchange rate against US dollar and domestic CPO consumption on Indonesian CPO exports. The analysis technique is used in this research is panel data regression using fixed-effect model. The results of this study indicate that not all variables have significant effect on Indonesian CPO exports. Variables such as Indonesia’s GDP and GDP of major trading partners have positive and significant effect, whereas rupiah exchange rate variable and domestic consumption have negative and significant effect on Indonesian CPO export. In addition, in line with Gravity model, variable of distance has negative and significant effect on Indonesian CPO exports.
THE IMPACT OF JAMKESMAS ON HEALTHCARE UTILIZATION IN EASTERN REGIONS OF INDONESIA: A PROPENSITY SCORE MATCHING METHOD Sambodo, Novat Pugo
Jurnal Ekonomi & Studi Pembangunan Vol 19, No 2: October 2018
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.19.2.5003

Abstract

Underutilization of health care for the poor is one critical problem in Indonesia. Out of pocket share is dominant on overall health financing. Therefore, it is plausible that low demand of modern healthcare services mainly relates to financial aspect. In 2008, the government of Indonesia has introduced health insurance schemes for the poor to help them overcome the problem of medical costs barrier called Jamkesmas (Social Health Insurance). This paper examines the impact evaluation of Jamkesmas to health care utilization in Eastern Indonesia. Data are drawn from Indonesia Family Life Survey East (IFLS-East) that held in 2012. This data only covers the eastern regions of In­donesia that widely known has relatively lower performance in development and infrastructure. Moreover, this study employs Propensity Score Matching (PSM) approach to analyse the data. The results show that average treatment effect for treated group are positive for outpatient utilization. In addition, availability of the healthcare facility variables, travelling time and distance to district capital are factors that determine Jamkemas coverage in Eastern Indonesia.
COMPARISON OF COMPANIES’ STOCK RETURNS BETWEEN CONSUMER SECTOR AND CONSTRUCTION SECTOR ON THE INDONESIA STOCK EXCHANGE Christian, Christian; Rustam, Rinaldi
Jurnal Ekonomi & Studi Pembangunan Vol 19, No 2: October 2018
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.19.2.5006

Abstract

This research attempts to analyze risk and stock return of consumer sector and construction sector at Indonesian Stock Exchange. This research used the documentation method to collect the data. Data has been taken from Bloomberg Terminal. The sample is four corporations, with two corporations for each sector from 2011 until 2016. This research is using the Capital Asset Pricing Model (CAPM) and Arbitrage Pricing Theory (APT) for data analysis. Unfortunately, the Capital Asset Pricing Model (CAPM) has poor overall explanatory power, whereas the Arbitrage Pricing Theory (APT) model allows multiple sources of systematic risks to be taken into account and performs better than the CAPM, but both of the tests are considered. In regression analysis, the dependent variable used in the model is stock return. The result shows that inflation has insignificant effect on stock return. Furthermore, consumer sector has negative and significant effect on stock return. Conversely, construction sector has positive and significant effect on stock return.
ROLE OF STATE AND WELFARE STATE: FROM COMMONS, KEYNES TO ESPING-ANDERSEN Nugroho, Wisnu Setiadi
Jurnal Ekonomi & Studi Pembangunan Vol 19, No 2: October 2018
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.19.2.5002

Abstract

The welfare state system is a popular economic system nowadays. At least more than fifteen countries have the characteristics of a welfare state economic system with their respective character and features. Esping-Andersen divided the welfare system classification into three major groups, namely the conservative welfare state, socio-democratic welfare state, and liberal welfare state. This article at­tempts to link the idea and foundation of a welfare state system is two utmost significant economists, John Maynard Keynes and John Roger Commons. Based on history of eco­nomic thought, Keynes's thought about the system of welfare states can be seen and traced in the liberal welfare state system on Esping-Andersen classification. On the other hand, traces of Com­mons' thought can be seen in the so­cio-democratic state welfare system. Therefore, both Keynes and Commons can be categorized as the founding fathers of the welfare state system. Since their thought about the role of the state is the foun­dation of welfare state system, long before the United Kingdom began implementing the modern wel­fare state system in the 1980s. In addition, this study also attempts to undertake comparative analysis of economic systems and present the em­pirical data on the performance of welfare countries based Esping-Andersen classification in three categories: economic performance, quality health perfor­mance, and level of accumulation of human resources. It is hoped that with the facts presented here there will be further discussion re­garding the welfare state system.
ANALYSIS OF POVERTY ALLEVIATION AND FINANCIAL INCLUSION IN THE MUSTAHIK EMPOWERMENT PROGRAM IN PEKANBARU Trianto, Budi; Nasution, Yasir; Siregar, Saparuddin
Jurnal Ekonomi & Studi Pembangunan Vol 19, No 2: October 2018
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.19.2.5008

Abstract

This study aims to analyze poverty alleviation and financial inclusion in the mustahik em­powerment program in Pekanbaru. The samples involved in this study were 105 people drawn from four organizations of zakat in Pekanbaru. The analytical technique conducted using qualitative de­scriptive analysis. The results of this study show that the economic empowerment program conducted by zakat institutions in Pekanbaru has succeeded in alleviating the mustahik of the poverty line. Based on the World Bank's poverty line, there are 34.07% of successful out of poverty line. Meanwhile, if using the Government poverty line then there are 60.29% mustahik who managed to get out of the poverty line. However, this empowerment program has not been integrated with the sharia micro­finance institutions. Therefore, the empowerment program for mustahik should be integrated with Islamic microfinance to pursue successful financial inclusion for mustahik. 
GROSS REGIONAL DOMESTIC PRODUCT FORECASTS USING TREND ANALYSIS: CASE STUDY OF BANGKA BELITUNG PROVINCE Oktaviana, Nurmalita; Amalia, Nurisqi
Jurnal Ekonomi & Studi Pembangunan Vol 19, No 2: October 2018
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.19.2.5005

Abstract

Gross Regional Domestic Product (GRDP) is one of the important indicators to determine the economic conditions in the region. This study aims to forecast the Gross Regional Domestic Product (GRDP) of the Province of Bangka Belitung Islands which is dominated by tourism sector. This forecasting to be expected to give information to formulate a type of policy action that will be conducted by decision makers based on GRDP data. GRDP data are from the first quarter of 2010 to the fourth quarter of 2017 on the basis of constant prices in 2010. Data sources are obtained from Central Bureau of Statistics (BPS) of the Province of Bangka Belitung Islands. The forecasting method used is the research is trend analysis. The results of the GRDP forecasting of Bangka Belitung Province in the first quarter of 2018 to the fourth quarter of 2022 shows an increasing trend. It can be seen from historical data that shows an increasing trend as evidenced from the graph on linear trends. The increasing trend in GRDP of the Bangka Belitung Islands Province for the next five years is supported by government policies that prioritize the tourism sector. Consequently, by prioritizing the tourism sector, this will increase economic growth and can reduce GRDP dependency on mining sector, especially tin that has been continuously decreased.

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