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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 309 Documents
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The Role of Foreign Tourists in Economic Growth: Evidence from Indonesia Azizurrohman, Muhammad; Hartarto, Romi Bhakti; Lin, Yih-Ming; Nahar, Faiza Husnayeni
Jurnal Ekonomi & Studi Pembangunan Vol 22, No 2: October 2021
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v22i2.11591

Abstract

Foreign tourism is indicated as one of the important instruments to encourage economic growth in several countries, including Indonesia. However, some studies only focus on the influence of tourist arrivals. Thus, the main objective of this study is to take a deeper look at the contribution of foreign tourism indicators to economic growth in Indonesia. Using panel data analysis from 33 countries between 2006 and 2016, this study applies three models: Pooled Least Square (PLS), Fixed Effect Model (FEM), and Random Effect Model (FEM). Based on the fixed-effect model, this study reveals that foreign tourist arrivals have a significant and positive effect on economic growth. However, other tourism indicators such as length of stay and expenditure of foreign tourists appear to have no contribution to economic growth. From these findings, it can be implied that the Indonesian government should not only attract more tourists to come but also design strategies to encourage tourists to spend more money and stay longer. This study also finds that depreciation of Indonesian currency and visa-free policies have a significant contribution to higher economic growth.
Do Resource-Rich Provinces Perform Lower Democratization Progress? Estimating Oil Impact on Democracy Indicators in Indonesia Hilmawan, Rian
Jurnal Ekonomi & Studi Pembangunan Vol 22, No 2: October 2021
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v22i2.9522

Abstract

This study examined whether oil dependence affected democracy quality by referring to provincial-level data in Indonesia. While physical quantity production was used to measure oil dependence, democracy was measured based on the Indonesian Democracy Index (IDI). Static panel data analysis was employed to control unobserved time-invariant characteristics of each province, including a robust Driscoll and Kraay (D-K) standard error model for the general forms of cross-sectional dependence when dealing with panel observation. The results showed that oil-dependent provinces tended not to have weak democratic qualities. The effects were also robust when democracy was separated into three main elements of the IDI: political rights, civil liberties, and democratic institutions, or when an alternative measure of dependency was used. Interestingly, this study found that oil dependence had a stronger effect on democracy in provinces with a lack of oil than in Sumatra and Kalimantan, globally known as dominant resource locations.
The Determinants of the Value of Mahr in Muslim Societies: Evidence from the Indonesian Family Life Surveys Friantoro, Dian; Susamto, Akhmad Akbar
Jurnal Ekonomi & Studi Pembangunan Vol 22, No 2: October 2021
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v22i2.11918

Abstract

This paper aims to analyze the factors that determine the value of mahr in Muslim societies. The analysis is based on an ordinary least squares (OLS) regression with pooled cross-section data from the last three waves of the Indonesian Family Life Surveys (IFLS). The main finding is that socioeconomic status in the forms of groom’s ownership of assets and education level matters most for the value of mahr. This finding holds for regression with full sample as well as subsamples, i.e. couples whose groom is Javanese, couples whose groom is non-Javanese, couples whose bride is Javanese and couples whose bride is non-Javanese. Socioeconomic status in the form of bride’s education level also matters for the value of mahr with some exceptions. The other finding is that perceived probability of divorce as represented by differences in the socioeconomic status of a marrying couple do not have a significant effect on the value of mahr. The effect of physical appearances in the form of bride’s height is at best not robust and subject to the sample or subsample included. These findings can be useful as a reference to make marriage decisions in the future or to evaluate the ongoing practices for possible reforms.
Economic Development and Environmental Degradation in Indonesia: Panel Data Analysis Ilham, M Irsyad
Jurnal Ekonomi & Studi Pembangunan Vol 22, No 2: October 2021
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v22i2.7629

Abstract

This study analyzed the relationship of economic development, population density, and the number of vehicles on environmental degradation from 31 provinces in Indonesia for the period 2011-2019. Panel data analysis, which is widely used to examine issues that could not be studied in either cross-section or time-series alone, is used herein. The empirical results support the hypothesis on the direction of causality from those three factors of environmental damage in the country. The results concluded that economic development, population density, and the number of vehicles impacted on environmental degradation in Indonesia. The smallest cross-section random effect indicates the lowest environmental quality when all factors are fixed. The empirical findings provide important policy implications for Indonesia and it will direct its economic development model towards a green economic one. On the other hand, the growth of the population should be equalized with growth in human development. The distribution of population should be equalized among provinces by opening a new economic cluster to supply new work-fields. In addition, it should be for the country to create a more-educated population in order to protect environmental quality. Despite the unstoppable growth of vehicles, the government should implement the development of eco-friendly combustion technology besides reducing fuel consumption. Moreover, the road-making by plastic-based material can be considered to prevent land damage from plastic waste and might also recycle plastics which has caused pollution in Indonesia.
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.
PENDIDIKAN, KESEHATAN DAN PERTUMBUHAN EKONOMI REGIONAL DI INDONESIA: PENDEKATAN MODEL PANEL DINAMIS Anwar, Aminuddin
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.19.1.2727

Abstract

This study analyzes the contribution of human capital ie education and health to regional economic growth in Indonesia. This study uses the regional level of the province as the unit of analysis with the timeframe from 2004 to 2014. Development of economic growth model which is a dynamic model becomes a challenge for estimation of regression model, this study uses generalized method of moment (GMM) as an analytical tool to overcome bias Which occurred on the model of economic growth. This study provides empirical evidence on the role of education and health to regional economic growth in Indonesia. In addition, the estimation results also provide empirical results of conditional convergence with the contribution of human capital that is education and health as a determinant of convergence
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.
External Debt, Exchange Rate, and Unemployment in Selected ASEAN Countries Cahyadin, Malik; Ratwianingsih, Lely
Jurnal Ekonomi & Studi Pembangunan Vol 21, No 1: April 2020
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.21.1.5029

Abstract

This research examines the empirical model of external debt, exchange rate, and unemployment in selected ASEAN Countries during 1980-2017. The countries included Indonesia, Malaysia, Thailand and the Philippines. The data were collected from the World Bank publications. The ARDL-ECM and Granger Causality Test (GCT) were employed to address the research objectives. The findings indicated that there were short-term effects on each empirical model (external debt, exchange rate, and unemployment). Furthermore, the stability test exhibited that the models were precise and stable. The GCT result showed that there was a causal between external debt, exchange rate, and unemployment, especially in Indonesia. Moreover, the linkages between external debt, exchange rate, and unemployment in selected ASEAN Countries were co-movement. Therefore, the governments are expected to emphasis on macroeconomic policies, such as pro-stability of the exchange rate, external debt risk management, and pro-poor.
Financial Sector Performance: Evidence in Twelve West African Countries Kamara, Ibrahim Sorie; Rahayu, Siti Aisyah Tri; Hakim, Lukman
Jurnal Ekonomi & Studi Pembangunan Vol 21: October 2020
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.21.2.5041

Abstract

In most West African countries, the financial sectors are the least developed area. The absence of deep-efficient financial markets put major economic growth constraints. This study aimed to investigate the financial sector performance in twelve selected West African countries. To determine financial sector performance, a panel data semi-log model was employed. Data were collected from the World Bank Open data page from 2004-2013. The results revealed that both variables matched the hypothesis, indicating a positive impact in the financial sector. It indicated that the variables used in this study were major players of the financial sector in the selected countries. This study recommends that because financial stability, globally and within countries, generates jobs and improves productivity, more efforts should be made to ensure an effective and developed financial sector system. It is so because limited and inadequate access to credit will limit small and medium-sized enterprises' contributions to private sector development
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. 

Page 19 of 31 | Total Record : 309

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