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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 12 Documents
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Search results for , issue "Vol. 26 No. 2: October 2025" : 12 Documents clear
Tourism receipts of intra-OIC countries: An empirical study of macroeconomic factors and technology adoption Munifatussaidah, Asma; Prawoto, Nano; Febriandika, Nur Rizqi
Jurnal Ekonomi & Studi Pembangunan Vol. 26 No. 2: October 2025
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v26i2.28772

Abstract

Tourism is one of the primary sources of income for many OIC countries and is becoming increasingly vital for economic growth. This study explores how macroeconomic factors, trade, inflation, exchange rates, and technology adoption relate to intra-OIC tourism receipts. It employs a quantitative approach to analyze 34 member countries of the Organization of Islamic Cooperation (OIC), selected through purposive sampling. The data are analyzed using panel data regression. Prior cross-country studies rarely focus specifically on intra-OIC tourism receipts and seldom examine macroeconomic and technology variables together. The results indicate that trade, the exchange rate, and information technology adoption each have a positive and significant impact on intra-OIC tourism receipts. Meanwhile, inflation has no impact on intra-OIC tourism revenues. This paper contributes to the literature by focusing specifically on intra-OIC tourism receipts and analyzing macroeconomic and technology variables. The findings suggest that adopting trade policies, managing exchange rates, and utilizing information technology can boost intra-OIC tourism receipts. Policies that promote intra-OIC trade and mobility—by improving connectivity, expanding e-visa access, accelerating digital adoption in payments and broadband, and maintaining exchange-rate stability—can help increase intra-OIC tourism receipts.
Examining the role of trade, consumption, and institutional quality in economic growth: Evidence from Southeast Asia Basuki, Agus Tri; Pinjaman, Saizal
Jurnal Ekonomi & Studi Pembangunan Vol. 26 No. 2: October 2025
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v26i2.28797

Abstract

This research is particularly important because Southeast Asia represents one of the most dynamic and heterogeneous regions in the world, with varying stages of economic development, institutional quality, and policy orientations. Despite its strong economic potential, the region faces structural challenges such as income inequality, governance issues, and external vulnerability. Understanding the long-run and short-run determinants of economic growth is therefore crucial for designing effective policies that sustain inclusive development. Previous studies have often focused on single-country analyses or employed models that capture only short-term relationships, leaving a gap in understanding the long-term equilibrium dynamics across Southeast Asian economies. By applying the Panel Error Correction Model (ECM), this study bridges that gap by integrating both temporal and cross-country perspectives. Moreover, incorporating variables such as Government Health Expenditure and Rule of Law allows the analysis to move beyond conventional macroeconomic factors, emphasizing the interplay between institutional quality, social investment, and economic performance. The results of this study provide not only empirical evidence but also practical insights for policymakers. Identifying the key drivers that influence economic growth both in the short and long run can guide governments in optimizing fiscal priorities, improving governance, and fostering sustainable industrial and trade strategies. In an era marked by global uncertainty and post-pandemic recovery, such evidence-based understanding is vital for promoting resilient and inclusive growth trajectories across Southeast Asia.

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