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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 20, No 1: April 2019" : 7 Documents clear
THE IMPACT OF NATURAL GAS DEMAND ON RENEWABLE ENERGY DEVELOPMENT: A PANEL INVESTIGATION OF SIX ASIAN COUNTRIES Sudaryanto, Annisa R.A Larasati
Jurnal Ekonomi & Studi Pembangunan Vol 20, No 1: April 2019
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.20.1.5015

Abstract

The aim of this study is to assess the causal relationship of natural gas demand on the development of renewable energy in East and Southeast Asia. Specifically, the study examine the growth of natural gas and renewable energy consumption in both regions , determine the correlation of both energies and then measure the significant magnitude of the macroeconomic indicators in order to determine the development of renewable energy. The focus on the study was one Asian countries including China, Japan, South Korea to represent East Asia and Malaysia, Indonesia and Thailand to represent Southeast Asia. These countries are selected since they have contribute to the largest consumption in natural gas among other Asian countries. Although each of these countries have large potential renewable energy resource, these research found there are similar potential resources among the countries in each region. The quantitative research approach was applied to suit the time series secondary data collection.  Panel data model then applied to enable researcher to determine the significant of macroeconomic indicators towards the development of renewable energy in East and Southeast Asia. With total of 90 observations, the macroeconomic variables include: natural gas consumption, GDP per capita, economic growth, exchange rate and access to electricity from period 2000-2014. Based on regression analysis, the findings revealed there is a significant coefficient between natural gas consumption on renewable energy development. A high consumption of natural gas would drive up the share of renewable energy to total final energy consumed. It is because these energy sources are not competitors yet complementary. However, the coefficient magnitude in Southeast Asia is higher than in East Asia. Consequently, other macroeconomic indicators such as exchange rate, GDP and electricity consumption has different effect on each region. These indicators can help the policy makers to improve the renewable energy policy which currently being implemented in order to induce the pace of renewable energy development in Asia.
FISCAL POLICY MANAGEMENT AND PRIVATE INVESTMENT IN NIGERIA: CROWDING-OUT OR CROWDING-IN EFFECT? Awode, Segun Subair
Jurnal Ekonomi & Studi Pembangunan Vol 20, No 1: April 2019
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.20.1.5011

Abstract

The Nigerian government over the years embarked on diverse macroeconomic policy options to tinker the economy on the path of growth and development. Amongst the policy options readily employed is that of fiscal policy. Despite the lofty place of fiscal policy in the management of the Nigerian economy, the economy is yet to come on the path of sound growth and development. The intent of fiscal management is essentially to stimulate economic and social development by pursuing a policy stance that ensures a sense of balance between taxation, expenditure and borrowing that is consistent with sustainable growth. However, the extent to which fiscal management engenders private investment continues to attract theoretical and empirical debate especially in developing countries like Nigeria. In light of this, the present study fills the gap by examining the relationship between fiscal management and private investment in Nigeria between 1987 and 2015. The study employed ex-post facto research design. Secondary time series data were used for the study and these were sourced from CBN statistical bulletin and World Development Indicators, 2015. The data collected were analyzed using the Autoregressive Distributed Lag with inferences drawn at 5% significance level. The result of the relationship between fiscal management and private investment in Nigeria showed that inflation, capital expenditure, indirect tax and non-tax revenue had positive and significant effects on private investment (β=0.02, t=19.04; β=0.59, t=40.13; β=1.70, t=17.07; β=1.05, t=22.03 respectively) in Nigeria, while domestic credit to private sector had negative but significant effect on private investment (β = -0.09, t = -17.26) in Nigeria within the period. The study concluded that a crowding-in relationship exists between capital expenditure and private investment, while indirect tax revenue has significant and non-distortionary relationship with private investment. The study therefore recommends more public investment in capital projects and that the tax system should generally be made favorable towards private sector investment.
VALUING PUBLIC TRANSPORTATION USING CONTINGENT VALUATION METHOD: A STUDY OF COMMUTER LINE (KRL) IN TANGERANG SELATAN, WEST JAVA INDONESIA Saptutyningsih, Endah; Karimah, Laila
Jurnal Ekonomi & Studi Pembangunan Vol 20, No 1: April 2019
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.20.1.5017

Abstract

This study aims to find out how much the Commuter Line (KRL) users’ willingness to pay (WTP) for improving the quality of train service and identify the determinants of Commuter line (KRL) users’ WTP for improving the quality of train service. The method used in this study is the contingent valuation method (CVM). The data were collected by face to face interviews with users of the Electric Rail Train. The results of this study show that the average WTP for improving the quality of KRL services is IDR 4,500. The cleanliness, comfort, travel time, and income of KRL users affect the WTP users to improve the quality of KRL services. This study is expected to improve the quality of KRL services, especially in South Tangerang, and can be a reference for managers for public transportation services.
THE DETERMINANTS OF INFLATION RATE IN INDONESIA Setiartiti, Lilies; Hapsari, Yuni
Jurnal Ekonomi & Studi Pembangunan Vol 20, No 1: April 2019
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.20.1.5016

Abstract

This study is try to analyzed the influence of some independent variables which believed has impact towards inflation in Indonesia, which also as one of the variables that is watched by the central bank (Bank Indonesia) as a variable that could influence inflation stability in Indonesia based on its volatility.  Those independent variables are, money supply, exchange rate, and BI rate as the interest rate, and gross domestic product.  This study used an Error correction model (ECM) to get the equilibrium model and find out the influence of every independent variables on the short-run and long-run. Overall, this research summarize the findings that has been conducted and offers some recommendation that could be taken to improve and strengthen the model’s estimation and also hoping that the model’s estimation become more relevant for the future implementation.
TECHNOLOGICAL PROGRESS AND HUMAN DEVELOPMENT: EVIDENCE FROM INDONESIA Muchdie, M.; Nurrasyidin, M.
Jurnal Ekonomi & Studi Pembangunan Vol 20, No 1: April 2019
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.20.1.5018

Abstract

This paper examined direct and indirect impact of technological progres on human development, with income disparities and povertyas moderating variables. Except data on technical progress, all data were collected from National Statistics Agency. A path model of analysis was empolyed to examine direct and indirect impacts.There were four paths to be analysed: direct impact (Path-1: P41) and indirect impacts : (Path-2: P43 x P31, Path-3: P43 x P32 x P21 and Path-4 : P42 x P21). Four hypothesis had been tested.The results showed that impact of technological progress on human development were negative, both direct and indirect.
SEAWEED'S GLOBAL VALUE CHAIN AND LOCAL ECONOMIC EMPOWERMENT Hidayat, Alfian; Safitri, Purnami
Jurnal Ekonomi & Studi Pembangunan Vol 20, No 1: April 2019
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.20.1.5013

Abstract

The research analyzes the Seaweed’s Global Value Chain in West Nusa Tenggara since it is treated as main export commodity of the province. The research focused on first, the governance or institutional setting of seaweed production, the governance type of seaweed’s trade plot which link the farmers, collective trader, and main trader and at last the global buyer. The research uses descriptive-qualitative approach and located in Central Lombok, West Nusa Tenggara. Data sources are gathered by observation in the field and in-depth interview with respondents. The research also used literatures data to enrich and broadening the perspective. Miles and Huberman models are used as analysis technique during in the field research. The model itself consists of data reduction activity, data display and conclusion, and data drawing or data verification. The result of this research shows that the institutional setting of seaweed production has not been well managed yet, which is indicated by the overlapping of structure, function and duties of several bureaucracy institutions. Second, the local competitiveness in seaweed trade is still weak.  Third, the upgrading capacity to process and diversified the commodity remains low because the industrialization is merely reckon on small-medium size industries. Fourth, government efforts in enhancing the upgrading capacity frequently limited at the technique aspects, meaning the institutional setting to enforce the synergy between actors is considered poor.
TRADE AND ENVIRONMENT IN INDONESIA: CASE STUDY OF ASEAN-CHINA FREE TRADE AGREEMENT Azizurrohman, Muhammad; Hartarto, Romi Bhakti
Jurnal Ekonomi & Studi Pembangunan Vol 20, No 1: April 2019
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.20.1.5010

Abstract

In recent decades, the debate about the impacts of economic globalization through free trade has become attention to public policy. One important issue to address is related to environ­mental quality. It has been fifteen years since ASEAN-China Free Trade Agreement (ACFTA) was firstly signed and the total trade flows between ASEAN countries and China have grown around US$ 20 billion per year. Under the ACFTA commitment, tariff rates for exports from China to ASEAN countries have been reduced gradually and so have the tariff rates of ASEAN exports to China. This paper attempts to investigate whether expanded trade causes environmental damage in Indonesia. As the main largest economy in ASEAN, Indonesia has greatly contributed to the pollution released in ASEAN area. Using industrial pollution projection system developed by World Bank in 1995, it has been found that the estimated amounts of pollution have been in­creasing by approximately five times in Indonesia after fifteen years of ACFTA implementation. Even though the share of export of most polluting sectors has been decreasing, its contribution on the pollution intensity remains the largest. Since chemicals become the most polluting sector with its rapid growing in export to China, this sector needs to be considered in trade negotiations in order to lessen negative impacts of trade to the environment.

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