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Contact Name
Susilo Nur Aji Cokro Darsono
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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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Daerah istimewa yogyakarta
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
The impact of foreign direct investment on income inequality in developing countries: The Bayesian approach Gam, To Thi Hong; Oanh, Dao Le Kieu; Dang, Nguyen Mau Ba
Jurnal Ekonomi & Studi Pembangunan Vol 24, No 1: April 2023
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v24i1.18164

Abstract

Inequality in general and income inequality in particular have existed for a long time and tend to increase daily. Foreign direct investment (FDI) is expected to be an important factor contributing to mitigating that situation. However, the results of previous empirical studies on the impact of FDI on income inequality have not reached a consistent conclusion. Therefore, this study evaluated the impact of foreign direct investment on income inequality in developing economies. The study has provided evidence that the relationship is nonlinear through data from a sample of 36 developing countries between 2008 and 2020 and the Monte-Carlo algorithm according to the Bayesian approach. We document a U-shaped effect of FDI on income inequality. Besides, other factors, including trade openness and migration, obviously impact income inequality. Different results were found when FDI interacted with trade or migration, representing important channels through which inequality is affected. With these results, we suggest that policymakers in developing countries should develop appropriate policies on FDI attraction encourage trade openness and migration to reduce income inequality.
Does prudential capital reduce bank risk-taking? Empirical evidence from the Indonesian banks industry Salim, Agus; Suripto, Suripto
Jurnal Ekonomi & Studi Pembangunan Vol 24, No 1: April 2023
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v24i1.17696

Abstract

The implementation of macroprudential supervision, significantly tighter capital regulation in developing economies, has recently been debated, which focuses on reducing bank risk-taking and promoting financial stability in the banking sector. Our study investigates the impact of prudential capital on commercial bank risk-taking in Indonesia. We employed a GMM system approach to analyze bank and macro level data from 2004 to 2019. Our result confirms that appropriate capital regulations for reducing bank risk-taking are heterogeneous. Traditional capital ratios decrease bank risk-taking. However, the risk-based capital ratio shows an unexpected affirmative effect. Implementing macroprudential policy instruments of capital buffer effectively manages bank risk, and so does the regulatory capital pressure variable. The results are intimate for guiding commercial banks' risk management and capital effectiveness.
Subsidized health insurance impact among the poor: Evidence on out-of-pocket health expenditures in Indonesia Sosodoro, Niken Larasati; Ramadhan, Rasi Tamadhika Fajar; Susamto, Akhmad Akbar
Jurnal Ekonomi & Studi Pembangunan Vol 24, No 1: April 2023
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v24i1.17420

Abstract

Universal Health Care (UHC) in Indonesia, named the National Health Insurance (Jaminan Kesehatan Nasional - JKN), has been running since 2014. JKN was predicted to be the most extensive UHC program in the world. Under JKN, the poor get free health services through the cashless method through a sub-program called Contribution Assistance Recipients (Penerima Bantuan Iuran - PBI). Unfortunately, JKN faced several failures to cover the program's expenditures within years. Within the current dynamics, was PBI, as part of JKN still effectively helping the poor? We examined the effectiveness of the PBI program by measuring differences in out-of-pocket health expenditures for the poor with similar socio-economic characteristics who used PBI and those who did not. We incorporated secondary data from National Socio-economic Survey (SUSENAS). The dataset was executed by using Propensity Score Matching (PSM) methodology. We used health expenditures and socio-economic parameters such as income, education, and gender from the 2017 and 2018 SUSENAS data. We found that in 2017, the total health expenditures of the PBI beneficiaries were lower than the non-beneficiaries. Nevertheless, by merging all two years' data, similar to 2018, we found general pattern that PBI participants' total health out-of-pocket payments were bigger than the non-participants. Health expenditures such as medicine, traditional practitioners, and others, were expenditure classifications in which PBI beneficiaries had lower expenses than non-beneficiaries in 2017. Therefore, Therefore, the UHC subsidy program for the poor in Indonesia has not only been ineffective through the years of implementation but also has not been effectively implemented for all variations of health expenditure types.
The impact of the provincial minimum wage on environmental quality in indonesia Ahadiyah, Siti Aminatul; Setyadharma, Andryan
Jurnal Ekonomi & Studi Pembangunan Vol 24, No 1: April 2023
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v24i1.17616

Abstract

This research aims to determine the relationship between provincial minimum wages, poverty, unemployment, and income inequality to the environmental quality index (EQI). This research also aims to demonstrate if the Environmental Kuznet Curve (EKC) hypothesis is applicable in Indonesia. This research utilized secondary data collected from 33 provinces in Indonesia between 2012 and 2021. This research used panel regression with Fixed Effect Model (FEM) as the research method. The research results indicated that the provincial minimum wages and poverty positively and significantly affected the EQI. The results also demonstrated that the EKC hypothesis holds true in Indonesia, as illustrated by the significance of the GRDP per capita and GRDP per capita squared. Meanwhile, this research showed that unemployment and income inequality did not significantly impact the environmental quality index. This study offered a new analysis on the impact of provincial minimum wage on EQI in Indonesia. Therefore, this study has contributed to the additional information to the body of knowledge. The government needs to strive for an increase in the development and use of environmentally friendly products, as well as optimization of environmental protection programs. In addition, government needs to increase the provincial minimum wage according to limits set to improve environmental quality. The limited variables and research methods used are expected that further research can complement this study.
Spatial mapping and determinants of health performance in North Sumatra province Rindayati, Wiwiek; Hastuti, Ing Mariani; Asmara, Alla
Jurnal Ekonomi & Studi Pembangunan Vol 24, No 1: April 2023
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v24i1.16747

Abstract

The province of North Sumatra has the lowest health performance in Sumatra, with disparities amongst districts /cities. This study aims to analyze the health performance factor of North Sumatra districts/cities using a Geographically Weighted Panel Regression (GWPR) model analysis in 33 districts/cities with a time series of 2012-2019. The analysis results showed that the determinants of health performance differed between districts/cities grouped into 15 groups based on influencing factors and four clusters based on the area of the development areas. The income variable has a significant positive effect on all 33 districts, the education variable has a positive effect on 19 districts, the human health resources variable has a positive effect on 12 districts, the immunization variable has a positive effect on 11 districts, the proper sanitation variable has positive on nine districts, the government spending in health sector variable has positive on five districts, and the medical facility variable has positive on one district namely Karo. Determinants in the Nias Island Area: income, government spending in the health sector, and human resources. West Coast area: income, education, and proper sanitation. East Coast Area: income, education, health, human resources, and immunization. The determinant Highland area differs between regencies/cities. To improve the performance of health development in the province, it is necessary to carry out a spatial approach based on cluster equations and influencing factors. Increased income, education, and human health resources must be prioritized in almost all district areas.
Impact of provincial competitiveness index (PCI) on economic development in the Red River Delta, Vietnam Ngoc, Nguyen Thi Bao; Duy, Nguyen Vu
Jurnal Ekonomi & Studi Pembangunan Vol 24, No 2: October 2023
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v24i2.18163

Abstract

The development of an economy is significant since it has far-reaching implications for several industries. Particularly, the income levels of inhabitants in crucial locations must reach a specific threshold for an economy to flourish effectively. To achieve this goal, it is vital to determine the factors that affect economic development. A significant aspect that can improve people's living standards is enhanced competitiveness. Therefore, this study employs the generalized ordinary least squares (GLS) method to examine the provincial competitiveness index (PCI) on economic development as measured by per capita income in the Red River Delta of Vietnam. The panel data of eleven Red River Delta provinces from 2010 to 2021 was studied. The results indicate that the provincial competitiveness index has a beneficial impact on economic growth and contributes to an increase in the income levels of the populace. The study also shows that labor literacy rate and trade openness also contribute to economic development while labor growth rate inhibits long-term economic development. Governments need to analyze indicators to find solutions to improve national competitiveness. In particular, it is necessary to pay attention to the business environment, apply technology in handling administrative procedures and have policies to support business capital creation for domestic enterprises.
Fondasi Epistemologi untuk Disiplin Ekonomi Islam: Satu Kajian Awal Ugi Sugiharto
Jurnal Ekonomi & Studi Pembangunan JESP Volume 6 Nomor 1, April 2005
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v6i1.20208

Abstract

Unlike in conventional belief, Islamic epistemology is derived not only from the empirical (indrawi and rational ( aqli) sources, but also from the Divine Revelation (khabari), of which the saying of Allah (God) becomes a fundamental characteristic, along with any conduct, behavior and declaration of the Prophet Muhammad peace be upon him. Rather, the Divine Revelation, which is rejected in conventional epistemology, is placed as the very basic component in Islamic epistemology. As the origin of many Islamic academic disciplines including economics, its shape has been codified since long time ago by Muslim scholars in their treatises, which especially relate to the Islamic system of belief ('agidah).However, economic theories in conventional position, which are rational in character and not in violation with the Islamic precepts, are acceptable and can be used as theories in analyzing human behavior in Islamic economics.
Inflation forecasting using autoregressive distributed lag (ARDL) models Ponziani, Regi Muzio
Jurnal Ekonomi & Studi Pembangunan Vol 24, No 2: October 2023
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v24i2.17620

Abstract

This study attempts to evaluate and compare the inflation-predicting performance of several ARDL models. Since there was no cointegration, the ARDL model does not employ an error correction term. Subsequently, model development showed that ARDL(2,2) should be used. Besides the formally developed model, some other more arbitrarily chosen ARDL models were also included, i.e., ARDL(1,1), ARDL(2,0), ARDL(1,0), ARDL(0,1), and ARDL(0,2). This research measures forecasting performance with inflation as the forecasting object. The duration of the monthly inflation statistics ranged from January 2011 to July 2022. The data were separated into two categories. The training data ranged between January 2011 and December 2021. After getting the appropriate parameters from the training data, the models generated projections from January 2022 to July 2022. The research determined that ARDL (1,0) was the most accurate inflation forecasting model, followed by ARDL (0,2) and formally constructed ARDL(2,2) finished in fourth place. This study suggests that the formal development of ARDL for forecasting purposes is unnecessary. Formal ARDL development is more appropriate for root cause analysis. In addition, the single autoregressive component indicates that most of the inflation value's information originated from the prior period. This suggests that the previous period's value is Indonesia's most significant predictor of inflation. The impact of greater period lags on inflation forecasting diminishes immediately.
ANALISIS PENAWARAN DAN PERMINTAAN BBM (Studi Kasus di Propinsi Daerah Istimewa Yogyakarta) Ahmad Ma'ruf
Jurnal Ekonomi & Studi Pembangunan JESP Volume 6 Nomor 1, April 2005
Publisher : Universitas Muhammadiyah Yogyakarta

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Abstract

Fuel oil or bahan bakar minyak (BBM) is among the most strategic commodity in Indonesia. Any change either in its price, quantity or both will immediately affect the macro as well as microeconomic stability. Therefore, maintaining synchronization in the supply of BBM and demand for it is necessary, in order to ensure the social welfare improvement and macroeconomic stability of the community. It is remarkably admitted that market structure of the BBM until 2004 has been monopolistic, which directly implies to the pattern of the BBM supply. As BBM becomes the primary commodity in the community, especially in industrial sector and transportation, the demand for B BM is consequently inelastic. The inelastic demand for BBM is applied to its main types such as gasoline, diesel, kerosene, and elpiji (natural gas), though the degree may vary from one to a not her. 
PERANAN KABUPATEN WAY KANAN DALAM PEMBENTUKAN PRODUK DOMESTIK REGIONAL BRUTO PROPINSI LAMPUNG TAHUN 1999—2002 Agus Tri Basuki
Jurnal Ekonomi & Studi Pembangunan JESP Volume 6 Nomor 1, April 2005
Publisher : Universitas Muhammadiyah Yogyakarta

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Abstract

The objective of this paper is to observe the role of economic development of the Way Kanan District (Kabupaten) in developing the Province of Lampung. The paper concludes that the contribution of the Kabupaten gross regional domestic product (GRDP) of Way Kanan to tile Lampung Provincial GRDP in average was about 0.87 while the average rate of growth of the Kabupaten GRDP was 2.1. In addition, the Way Kanan Kabupaten GRDP contribution was approximately 3.39% of the total provincial GRDP. The Way Kanan is the youngest district in the province; therefore it is reasonable that Kabupaten GRDP has not yet significantly contributed to the Lampung Provincial GRDP

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