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Contact Name
Susilo Nur Aji Cokro Darsono
Contact Email
jesp@umy.ac.id
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jesp@umy.ac.id
Editorial Address
Ki Bagus Hadikusuma Building (E4), 2nd Floor, Universitas Muhammadiyah Yogyakarta, Brawijaya Street (South Ring Road), Tamantirto, Kasihan, Bantul, Special Region of Yogyakarta, Indonesia, 55183
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INDONESIA
Jurnal Ekonomi & Studi Pembangunan
ISSN : 14119900     EISSN : 25415506     DOI : https://doi.org/10.18196/jesp
Core Subject : Economy,
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.
Articles 309 Documents
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.
THE IMPACT OF TRADE LIBERALIZATION ON POVERTY REDUCTION IN INDONESIA Adha, Mufti Alam; Nahar, Faiza Husnayeni; Azizurrohman, Muhammad
Jurnal Ekonomi & Studi Pembangunan JESP Volume 19 Nomor 2, Oktober 2018
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.19.2.5009

Abstract

Nowadays, trade liberalization is considered as development strategy policy to increase economic growth and reduce poverty in many countries, particularly in developing countries. It is reported that Indonesia has been actively joining many trade agreements in order to ease the distribution of goods and services to other countries. Hence, this study analyses the impact of trade liberalization on poverty reduction by using an Ordinary Least Square (OLS) method from 1984 to 2017. The Trade Openness Ratio (TOR) is used as a dependent variable in order to measure trade liberalization. Other variables such as GDP, exchange rate and labor force are considered as control variables. The empirical result shows that TOR and labor force have a positive impact on poverty, whereas GDP and exchange rate have a negative impact. This finding is different with previous researches, particularly where trade liberalization has been negatively affecting poverty. Such a result is justifiable because Indonesian firms are not ready to compete with foreign firms where high competitiveness exist. 
AGLOMERASI DAN PERTUMBUHAN EKONOMI: PERAN KARAKTERISTIK REGIONAL DI INDONESIA Sodik, Jamzani; Iskandar, Dedi
Jurnal Ekonomi & Studi Pembangunan JESP Volume 8 Nomor 2, Oktober 2007
Publisher : Universitas Muhammadiyah Yogyakarta

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Abstract

The aim of this study is to examine the effect of agglomeration of regional economic growth across 26 provinces in Indonesia. The provincial pooling data for the period of 1994-2003 are regressed using generalized least square (GLS) method. Factors affecting the economic growth are considered such as agglomeration, labor force, inflation rates, openness rate of the provinces, and human capital. The study suggests the influence of three variables on the regional economic growth: labor force, inflation rates and the openness rate of the provinces; whereas the remaining two (agglomeration and human capital) are likely to have no effect.
STRATEGI PELAYANAN PENANAMAN MODAL Ma'ruf, Ahmad
Jurnal Ekonomi & Studi Pembangunan JESP Volume 11 Nomor 1, April 2010
Publisher : Universitas Muhammadiyah Yogyakarta

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Abstract

In order to increase investment, required strong institution. One of the government's efforts to encourage improvement of an investment climate by creating integrated services in a door for investment. The study is aimed formulate a strategy of the service of capital investment, case studies in the office of the Investment Coordinating Body (BKPM) Yogyakarta Special Region (DIY). The data that were used in the studies are primary and secondary data. The primary data obtained from the survey results, observations, depth interview and focus group discussion (FGD). Engineering analysis using descriptive analysis and qualitative analysis had undertaken to formulate service strategies through the SWOT method. Strategy formulation of the results of this study is a strategy for the creation of institutional and quality management system of the BKPM office of DIY Province; such as building a quality management system by carrying out the concept of Total Quality Service (TQS) with certified quality management of the International Standards Organization (ISO); develop institutional IT-based services; develop strategic partnerships; improving public participation in monitoring and evaluation services. Additionally, strategies are needed to encourage the development of human-resource capacity with competence base through the proactive way to send human resources at a certified training.
FAKTOR-FAKTOR MAKROEKONOMI YANG MEMPENGARUHI PERMINTAAN UANG DI INDONESIA Widodo, Arif
Jurnal Ekonomi & Studi Pembangunan JESP Volume 16 Nomor 1, April 2015
Publisher : Universitas Muhammadiyah Yogyakarta

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Abstract

Abstract: Money demand has an important role for monetary policy authorities in determining appropriate policies to maintain economic stability. Analysis of the demand for money is an economic analysis of the quantities required to support the measures taken by the government in the monetary sector. This research aims to know the determinants of money demand function in Indonesia period 1990.1-2014.1. The analysis methode used in this research is Error Correction Model (ECM). The results showed that the variable Gross Domestic Product (GDP) is not significantly influences money demand. Exchange Rate (Exchange), and the Price Level positively and significantly affect the demand for money (M1) in the short term. While the rate of 3-month deposit rate negatively and significantly influences the money demand (M1). The results of this study also showed that in the long term demand for money (M1) in Indonesia positively and significantly influenced by variables Gross Domestic Product (GDP) and the price level. While the exchange rate and variable interest rates have negative effect to money demand.Abstrak: Permintaan uang mempunyai peranan yang penting bagi otoritas kebijakan moneter dalam menentukan kebijakan yang tepat untuk menjaga stabilitas ekonomi. Analisis permintaan uang merupakan suatu analisis besaran-besaran ekonomi yang dibutuhkan untuk mendukung suatu kebijakan yang diambil oleh pemerintah di bidang moneter. Penelitian ini bertujuan untuk megetahui determinan dari fungsi permintaan uang di Indonesia periode 1990.1-2014.1. Alat analisis yang digunakan dalam penelitian ini adalah Error Correction Model (ECM). Hasil penelitian menunjukkan bahwa variabel Produk Domestik Bruto (PDB) tidak signifikan mempengaruhi permintaan uang. Variabel Nilai Tukar Rupiah terhadap dollar AS (Kurs), dan tingkat harga berpengaruh positif dan signifikan mempengaruhi permintaan uang (M1) dalam jangka pendek. Sedangkan tingkat suku bunga deposito 3 bulan berpengaruh negatif dan signifikan terhadap permintaan uang. (M1). Hasil penelitian ini juga menunjukkan bahwa dalam jangka panjang permintaan uang (M1) di Indonesia dipengaruhi secara positif dan signifikan oleh variabel Produk Domestik Bruto (PDB) dan tingkat harga. Sedangkan varibel Kurs dan suku bunga berpengaruh negatif. 
Lembaga Keuangan Islam: Problem, Tantangan dan Peluang di Era Reformasi dumairy, dumairy
Jurnal Ekonomi & Studi Pembangunan JESP Volume 1 Nomor 1, April 2000
Publisher : Universitas Muhammadiyah Yogyakarta

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Abstract

Lembaga-lembaga keuangan Islam tidak cukup hanya sekadar mengandalkan fanatisme-emosional ummat. Andalan demikian boomerang baik bagi dirinya sendiri maupun bagi ummat Islam. Berkenaan dengan konteks ini maka pengenalan, propaganda, sosialisasi dan pembudayaan lembaga-lembaga keuangan Islam (baik secara langsung di tengah kancah kehidupan ummat, maupun secara tidak langsung melalui proses pendidikan dan pengajaran) haruslah dilengkapi dengan pendekatan sentiment universal.Argumentasi objektif-rasional yang diterima akan dapat menyentuh kebutuhan manusiawi secara universal, tak dapat tidak harus tersedia dalam menjelaskan  konsep lembaga-lembaga keuangan Islam hanya dengan pendekatan primordial-emosional yang mendudukkan semata-mata pada konteks tunggal hablum minallah.
PENGARUH EKSPOR DAN IMPOR TERHADAP PERTUMBUHAN EKONOMI DI INDONESIA Astuti, Ismadiyanti Purwaning; Ayuningtyas, Fitri Juniwati
Jurnal Ekonomi & Studi Pembangunan Vol 19, No 1: April 2018
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.19.1.3836

Abstract

The purpose of this study is to analyze the effect of exports and imports on economic growth in Indonesia in the long term and short term. The data used in this study is secondary data obtained from the World Bank 2000-2016. The analysis used is regression analysis using Error Corection Model (ECM) Method. Tests used in the model are Stationarity Test, R-Square Test, F Test and T Test. The result of this research is that long term, export variable and exchange rate influence to economic growth while import does not have an effect on to economic growth. In the short run, export and import variables affect economic growth, while exchange rates have no effect on economic growth
ASPEK EKONOMI KEBIJAKAN OTONOMI DAERAH yuliadi, imamudin
Jurnal Ekonomi & Studi Pembangunan JESP Volume 2 Nomor 1, April 2001
Publisher : Universitas Muhammadiyah Yogyakarta

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Abstract

Kebijakan otonomi daerah membawa konsekuensi adanya suatu political will untuk melakukan penyebaran kekuasaan (dispersed of power) yang merupakan tuntutan global, dimana peranan public semakin dominan dalam proses pengambilan keputusan. Konsep otonomi daerah memang masih mengundang banyak perbincangan mendasar terutama yang menyangkut perimbangan keuangan pusat dan daerah. Pola pembagian keuangan antara daerah yang menyangkut sector-sektor ekonomi vital dan menghasilkan banyak pemasukan juga masih menjadi perdebatan. Tulisan ini mengkaji tentang aspek ekonomi dalam implementasi otonomi daerah. Dampak ekonomi terhadap kebijakan otonomi daerah bagi kesejahteraan masyarakat dapat dianalisis melalui penentuan kondisi Pareto optimum bagi konsumen dan produsen, yang sebelumnya harus diketahui pula konsep tingkat pertukaran marginal (MRS-Marginal Rate Substitution). MRS adalah suatu angka yang menunjukkan kesediaan seorang konsumen untuk menukarkan satu unit terakhir dari suatu barang untuk mendapatkan beberapa unit barang lainnya.
ANALISIS MANFAAT-BIAYA INSTALASI PENGOLAHAN AIR LIMBAH PT SARI HUSADA YOGYAKARTA saptutyningsih, endah
Jurnal Ekonomi & Studi Pembangunan JESP Volume 3 Nomor 2, Oktober 2002
Publisher : Universitas Muhammadiyah Yogyakarta

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Abstract

There is high rate of growth in Indonesia manufacture industry today. The important role of manufacture industry followed by emerging both positive and negative impact. Negative impact can be seen especially in pollution problems. The objective of this study is to evaluate systematically on benefit and cost in relation to usage at Instalasi Popolasi Air Timbal (IMBAL). To evaluate it the author use sensitivity analysis.
PERTUMBUHAN EKONOMI INDONESIA: Determinan dan Prospeknya Ma’ruf, Ahmad; Wihastuti, Latri
Jurnal Ekonomi & Studi Pembangunan JESP Volume 9 Nomor 1, April 2008
Publisher : Universitas Muhammadiyah Yogyakarta

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Abstract

This study analyzes the influence of government expenditure and some other variables that affect the long-term economic growth at provincial level in Indonesia. This study uses panel data analysis which consists of 26 provinces during the period 1980-2006. Data used has been through stasioneritas tests using Augmented Dickey Fuller test (ADF) - Fisher for panel data suggested by Madalla and Wu (1999). The result, stationary data on the first level of difference. This study shows that the coefficient of real government spending is significantly positive. This means that government expenditure has an important role in improving economic growth in Indonesia. pengeluaran pemerintah secara agregat.

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