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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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Kab. bantul,
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
Dynamic panel data modeling of Indonesia’s poverty level 2013-2022 Samiani, Siti; Endang, Endang; Susilo, Joko Hadi; Astuti, Hartiningsih
Jurnal Ekonomi & Studi Pembangunan Vol 25, No 1: April 2024
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v25i1.21079

Abstract

Poverty in Indonesia is a problem that needs special attention by the government. Poverty is due to the high level of inequality, unequal distribution of income, and the number of poor people, which continue to increase. Therefore, it can affect society’s economy. This research aims to identify incongruities between endogenous and exogenous variables that influence poverty levels in Indonesia. By applying a descriptive quantitative analysis approach for 2013-2022 in the form of secondary data from the Indonesian Central Statistics Agency, the research model uses dynamic panel data regression analysis based on the Generalized Method Of Moment method (GMM). The method was developed by Arellano-Bond, of which the two best models are First-Difference GMM and System GMM, which create an impartial, consistent, and efficient model for determining short-term ang long-term effects. The research results show that HDI has a significant negative impact on short-term and long-term relationships with poverty levels, resulting in low human resources. Exports have a significant negative impact on poverty levels in the short and long term. This means that if exports increase, poverty levels can be reduced. Imports have a significant positive impact on short-term and long-term with poverty levels. In import activities, the higher the price increases, the more people's purchasing power decreases. The results are declared to have a significant effect because the p-value is significance of level 5% or 0.05. It is expected that the research will become reference material for macroeconomic development and further research regarding poverty alleviation.
Macroeconomics, human development and political stability: evidence from OIC countries Dzihny, Izzatu; Wibowo, Muhammad Ghafur; Ihsan, Akmal
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.v24i2.19509

Abstract

This study aims to examine and analyze the effect of macroeconomic variables on the Human Development Index (HDI) in the Organisation of Islamic Cooperation (OIC) countries with political stability as the moderating variable. The GMM (Generalized Method Moment) dynamic panel and the MRA (Moderated Regression Analysis) will be used for determining the type of moderation needed as analysis techniques. In the first section, the findings state that inflation and unemployment have no effect on HDI, This is due to the fact that inflation and unemployment are very dependent on global economic fluctuation. Meanwhile, trade openness has a significant positive effect on HDI and foreign direct investment has a significant negative effect on HDI. This can add to the evidence that a high level of trade openness can support HDI values in OIC countries. Trade Openness can strengthen the economy, education, and health simultaneously by increasing prosperity through increased demand, supply, and services in numerous sectors. Secondly, the value of the moderator variable (political stability) on the relationship between unemployment and HDI demonstrates that political stability acts as a "Quasi Moderator" which means that political instability can exacerbate the negative influence of unemployment on HDI in OIC countries. This research has implications for the importance of cooperation between OIC countries in various fields, especially in increasing trade, investment, job creation and good governance to support the expansion of human development in OIC nations and to build sustainable prosperity.
Increasing informal sector business, does the impact of regulatory barriers? evidence from the enterprises survey Nofranita, Willy; Husna, Resti Fitratul; Sismen, Andres
Jurnal Ekonomi & Studi Pembangunan Vol 25, No 1: April 2024
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v25i1.22217

Abstract

This study uses survey data from the 2015 World Bank Enterprises Survey of firms operating in 9 provinces in Indonesia. Barriers to doing business in Indonesia for companies are calculated and ranked, and then qualitative methods are used to complete the discussion. This study aims to provide an overview and basis for these constraints so that the central and regional governments can collaborate in making policies that can support the progress of the business world through identification and mapping out barriers to doing business in Indonesia. The aid results show that the main obstacles to doing business in Indonesia in 2015 were the practices of competitors from the informal sector, political instability, and tax rates. The results of this study indicate that since starting a business in Indonesia, firms have been faced with difficulties in obtaining permits that are not in accordance with applicable regulations. For instance, data processing results show that of the firms that apply for business licenses in Indonesia, only 51.41% obtain operating license issuance services following regulations.
The Role of Technology Information on Financial Literacy in Indonesia Rizkan, Muhammad; Hartarto, Romi Bhakti; Supiandi, Supiandi; Hou, Chieh-Tse
Jurnal Ekonomi & Studi Pembangunan Vol 23, No 1: April 2022
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v23i1.14148

Abstract

Financial management literacy is a significant knowledge to assist individuals' financial condition. There are various factors influencing monetary management, including Information technology (IT). Thus, this study aims to investigate the role of IT affecting individual awareness of financial literacy in Indonesia with household characteristics as the controlling variable; the data are generated from the Indonesian Family Life Survey conducted in 2014. Probit and logit models signify that ITs and household characteristics positively and significantly affect financial literacy. In detail, handphones, televisions and newspapers, marital status, education level, and household income levels have a positive and significant influence on households' accessing financial knowledge. Furthermore, multinomial logit estimation used to compare three different levels of financial literacy (low, medium, and high), indicates that six out of nine variables significantly affect financial literacy at low level to high levels, whereas only four out of nine influence financial literacy from medium to a high level.
Reducing the provincial poverty rate in Indonesia: The impact of local government expenditure Nurias, Nurias; Johari, Sobar M; Muljarijadi, Bagja; Wardhana, Adhitya
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.v24i2.18618

Abstract

This study seeks to examine the effect of local government expenditure on the improvement of provincial welfare in Indonesia. It is necessary to increase public capital such as basic infrastructure and public facilities, as well as to improve public services such as health, education, and social protection. Based on previous studies, research on government spending on poverty has a significant effect on poverty reduction, but some other studies are not the case, namely government spending has not been significant in reducing poverty and improving welfare. The data used in government expenditure is expenditure based on functions, particularly health, education, and social protection functions in the province, both district/city and provincial government expenditures obtained from the Directorate General of Financial Balance (DJPK), while the provincial poverty rate serves as a proxy for regional welfare. Over the period 2015-2021, the Fixed Effect model using the Generalized Least Square Estimation (GLSE) approach is used to estimate outcomes for 34 provinces in Indonesia. The results indicated that government expenditure on the health sector and education sector had a negative significant influence on reducing the poverty rate, whereas government expenditure on social protection did not. The control factors, such as economic growth, had a negative effect on poverty reduction in Indonesia, whereas the unemployment rate and informal labor in the agricultural sector had positive and significant effects. Government policies, especially government spending, have contributed well to reducing poverty, but the government should pay attention to the integration of spending programs with other programs.
The impact of typology capital on community empowerment programs: evidence from rural development in Indonesia Sarjiyanto, Sarjiyanto; Mulki, Yoganingtisas Aulia; Istiqomah, Nurul
Jurnal Ekonomi & Studi Pembangunan Vol 25, No 1: April 2024
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v25i1.20083

Abstract

The transition from the ancient paradigm, where communities were only seen as objects of development, to a new approach that emphasizes community involvement and collaboration with local institutions highlights the importance of empowerment and enriching the quality of communities. This evolution towards community empowerment is paramount for positive societal development in Indonesia, necessitating active participation from the community to attain the desired objectives. This study endeavors to ascertain the correlation between working capital, social capital, and psychological capital in community empowerment programs, as well as to discern which capital plays a more substantial role in empowering the community in Karangasem village. Utilizing a quantitative method, data was collected through questionnaires from 255 community beneficiaries of the empowerment program in Karangasem Village, Sukoharjo, Central Java, Indonesia. Structural Equation Modelling (SEM) was employed for analysis. The research indicates that various forms of working, social, and psychological capital significantly influence community empowerment programs. Working capital emerges as the most influential, with a noteworthy 78% significance, indicating its pivotal role in program implementation. Effective management and allocation of funds are imperative for capital utilization. Social capital, particularly networks, is vital in fostering community empowerment by enhancing internal and external connections. Psychological capital, characterized by optimism, fuels community engagement and commitment to empowerment initiatives, underscoring the importance of internal motivation in program success. These findings may serve as a basis for governmental and empowerment program managers to formulate policies to enhance community welfare.
An examining factors influencing international export and import relationships in context of Vietnam’s free trade agreements Ha, Le Thi Thanh; Wong, Wing-Keung; Hariyadi, Eko
Jurnal Ekonomi & Studi Pembangunan Vol 25, No 1: April 2024
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v25i1.22152

Abstract

Vietnam's trade balance was positive with the United States, the Netherlands, Hong Kong, the United Kingdom, the United Arab Emirates, and Austria. However, it was negative in several countries, including South Korea, China, Taiwan, Thailand, Singapore, and Argentina. This paper aims to investigate the asymmetric effects of several macroeconomic factors on Vietnam's trade balance in the post-global financial crisis era. This paper aims to capture better the nuanced effects of free trade agreements on Vietnam's trade balance. Using regression methods like Pooled OLS, Random Effect Model, Fixed Effect Model, and Hausman Taylor, it analyzes factors affecting bilateral trade with Comprehensive Economic Partnership for East Asia nations. These factors include gross domestic product (GDP), population, distance, exchange rates, national borders, and Free Trade Agreements. Findings suggest that GDP, population, and exchange rates significantly influence Vietnam's trade relationships, but free trade agreements have not yielded the expected results. This study's novelty lies in its exploration of comprehensive regression analysis, offering valuable insights into Vietnam's trade dynamics.
Shariah board governance and sustainability performance: analysis of sharia banking in Indonesia Puspitasari, Novia Dwi; Kasri, Rahmatina Awaliah
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.v24i2.20133

Abstract

This study aims to investigate the relationship between sharia governance and sustainability performance in the Indonesian Islamic banking industry. Sharia governance is measured by the sharia supervisory board (SSB) score and the individual attributes of its members (size, number of meetings, educational background, and diversity). Sustainability performance (SP) is proxied by its economic, environmental, and social dimensions, as defined by the Global Reporting Initiative (GRI) framework. Secondary data from 2010—2020 company reports are used and analyzed using manual content analysis. Panel data regression is also employed to test the hypotheses and identify which individual attributes of the SSB influence sustainability performance. The results show that the SSB has a positive and significant effect on Indonesia’s overall SP of Islamic banking. Among the individual attributes, the frequency of SSB meetings has a positive and significant effect on overall SP, while the diversity of SSB members negatively affects economic and social SP. Meanwhile, SSB member’s size and educational background do not affect overall SP. The findings are expected to enhance understanding of Islamic bank’s development and approaches to addressing sustainability-related issues of Islamic bank. This study also contributes as consideration in the improvement of standard practices or the current implementation of sharia governance in Indonesia and to promote sustainable operations through Islamic corporate governance.
The impact of covid-19 on poverty alleviation: Empirical evidence from Somalia Razak, Dzuljastri Bin Abdul; Nor, Bile Abdishalan
Jurnal Ekonomi & Studi Pembangunan Vol 25, No 2: October 2024
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v25i2.22193

Abstract

This study provides valuable insights into the impact of COVID-19 on poverty alleviation in Somalia, focusing on three factors namely, government Intervention, financial literacy and digital financial inclusion are linked to poverty alleviation. This study utilized a quantitative research approach employing a descriptive research design. The data collection aspect was carried out by the researchers through face to face and an online self-administered questionnaire which can be filled out by respondents from various backgrounds. A survey was conducted with 277 micro-entrepreneurs using both on line and face to face methods. The data obtained is process using SPSS. The findings indicated positive and significant relationship with all three factors namely government intervention, financial literacy and digital financial inclusion in Somalia. The findings of this study suggest that the government of Somalia should focus on these three areas to help to alleviate poverty. By providing social safety nets, increasing financial literacy, and promoting digital financial inclusion, the government can help to improve the lives of millions of people in Somalia. To achieve long-term poverty reduction and development, it is crucial for Somalia to move away from dependency on external assistance and prioritize self-sufficiency. One limitation of this study is its relatively small sample size of 277 micro-entrepreneurs. In a larger sample size, there could be more diverse perspectives and experiences that could potentially yield different results. Therefore, further research with a larger sample size is needed to obtain a more comprehensive understanding of the impact of COVID-19 on poverty alleviation in Somalia.
The Effect of Monetary Instrument of Islamic Banking Financing Channel Towards The Economic Growth in Indonesia Johari, Sobar M.; Wong, Wing Keung; Anjasari, Ida Fitri; Ha, Nguyen Tran Thai; Thuong, Trinh Thi Huyen
Jurnal Ekonomi & Studi Pembangunan Vol 23, No 1: April 2022
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v23i1.13198

Abstract

Monetary policy is closely related to activities to achieve economic growth, which eventually gives welfare to the community. This study aims to analyze the description of the transmission flow of financing channels, the effect of monetary policy instruments, and their effectiveness to achieve economic growth. The variables used are Islamic Banking Finance (FIN), return of Sharia Bank Indonesia Certificate (SBIS), return of PUAS, and Industrial Production Index (IPI). This study used Vector Error Correction Model (VECM) to determine short- and long-term relationships using the time series data. First, the result of the study showed that the transmission flow could not be identified clearly, because the flow stopped in FIN, and it could not affect IPI, according to the Granger Causality test. Second, the result of VECM estimation showed that all variables only affected long term period and did not affect the short-term period. Third, monetary policy transmission of Islamic banking financing channel was not effective enough, which was proven with the result of IRF simulation, which showed that the effect of shock on financing channel variable (FIN) towards IPI was subsided and stable in the 10th period later. Meanwhile, the result of the FEVD simulation showed that the financing channel variable (FIN) only gave a contribution of as much as 0.14 percent towards IPI. The contribution and policy implications are also discussed in this study.

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