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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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Understanding Payment Switching Behavior to QRIS in Southwest Papua: A Push-Pull-Mooring Study Hidayah, Nurul; Iriani, Latifah Dian
Jurnal Ekonomi & Studi Pembangunan Vol. 26 No. 1: April 2025
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

As the global economy changes, it's important to examine why people in Southwest Papua switch from cash to the Quick Response Code Indonesian Standard (QRIS) system. This region is notoriously behind in infrastructure and human development, so studying this area is crucial to expanding the national economy. This study investigates the variables that influence the switching behavior of users in Southwest Papua toward the Quick Response Code Indonesian Standard (QRIS) digital payment. The study investigates the impact of push factors (e.g., perceived trouble, perceived no record for transaction, and difficult to pay cash in large amounts), pull factors (e.g., perceived convenience, promotional benefits, and time saving), and mooring factors (e.g., habit and switching costs) on the transition from cash to digital payments, utilizing the Push-Pull-Mooring (PPM) framework and transaction cost theory. The research utilizes structural equation modeling to analyze QRIS user's patterns in three regions of Southwest Papua Province: Sorong City, Sorong Regency, and Raja Ampat, by using a stratified random sampling method. The results indicate that the adoption of QRIS is significantly influenced by both push and pull factors, with pull factors playing more prominent role. Switching behavior is also significantly influenced by habit while switching costs exhibit a negative influance but statistically insignificant effect. In an effort to expedite the adoption of digital payments in Southwest Papua, these insights provide policymakers and financial institutions with practical advice. They indicate that strategies that emphasize the convenience and advantages of QRIS over cash are more effective in increasing user adoption.
Sustaining innovation: How financial investment shapes patent creation in leading economies? Gatari, Altis Puspa; Lubis, Firsty Ramadhona Amalia; Khoirudin, Rifki; Az Zakiyyah, Nurul Azizah; Kurniawan, Mahrus Lutfi Adi; Salim, Agus
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.v25i2.26366

Abstract

This study aims to analyze the role of liquidity in promoting patent-based innovation in the 10 countries with the highest innovation rates during the period 2012-2021. Using secondary data from the World Development Indicators (WDI), World Intellectual Property Organization (WIPO), and World Integrated Trade Solution (WITS), this study applies panel data regression method with Seemingly Unrelated Regression (SUR) approach to identify the influence of economic variables on the number of patents. The independent variables analyzed include equity x high technology, credit x high technology, industrial value added, exports, and liquidity. The results show that high-tech-based equity and credit have a significant influence on increasing the number of patents, while exports and liquidity do not show a meaningful influence. Value-added was also shown to have a significant contribution to innovation. These findings indicate that funding stability and long-term investment in research and development (R&D) determine innovation success more than the level of liquidity of the firm. Therefore, government policies and funding strategies should focus on improving access to high-tech-based financing as well as incentivizing R&D activities to foster a sustainable innovation ecosystem.
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.
Dynamic of Economic Motives of Indonesia’s Migrant Workers’ Remittances As'ad, As'ad; Ekananda, Mahjus
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.v25i2.22610

Abstract

This study investigates empirical evidence regarding the economic motives underlying remittances from Indonesian migrant workers. Economic motives play a crucial role in remittances behavior, as they determine the amount of money workers send to their families in their home country based on various economic indicators. Although extensive research exists on this topic, there remains no definitive consensus about the economic motivations behind migrant workers’ remittances. This research provides additional perspectives on these economic motives, particularly in the Indonesian context. Using a fixed effects model to overcome individual effect bias, this study finds evidence of investment motives in Indonesian’s migrant workers’ remittances. However, these findings are contingent upon Indonesia’s economic condition. The motivations tend to be individualistic during periods of economic stability and altruistic during economic uncertainty. The knowledge gained from understanding these economic motives can help related parties formulate strategies for economic activities involving migrant workers' remittances in accordance with Indonesia's economic conditions.
Unveiling the dynamics of economic growth, carbon emissions, and energy consumption in Indonesia: a wavelet analysis model Muttaqin, Ecky Imamul; Primambudi, Ganjar; Darsono, Susilo Nur Aji Cokro
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.v25i2.23136

Abstract

Climate-related economic growth has been a major topic to current economic development issues. This study tries to examine the causal relationship between economic growth, carbon emissions, and energy consumption in Indonesia using annual data from 1978 to 2022. The data is taken from the World Bank and BP-Statistical Review of World Energy. This study employs wavelet analysis to investigate the complex, time-dependent links among economic growth, carbon emissions, and energy consumption in Indonesia, offering insights into their dynamic interactions across several temporal scales. Granger causality is applied to help uncover temporal relationships and their strength, while wavelet coherence reveals frequency-specific associations across different time scales. This includes analysing cross wavelet power and cross wavelet transform. The study provides a set of research findings, economic growth in Indonesia is still supported by carbon emissions and fuel energy consumption. It shows that fossil fuels continue to dominate the economic growth engine. The consumption of coal and oil is still the leading cause of carbon emissions. This study suggests that the government should enforce consistent regulations, promote collaboration among institutions, and engage public awareness to renewable energy sources. Allocating resources to green investments and incentivizing private industry through financial instruments like carbon trading and green bonds. It can stimulate economic growth while preserving the environment. Moreover, emphasizing the long-term benefits will help establish a sustainable framework for the transition to net-zero emissions.
Driving regional economy: Digital technology adoption's role for effective distribution of islamic social finance in Indonesia Munifatussaidah, Asma; Zahara, Jihan Nabila; Resiana, Rani Surya; Ningsih, Lita Ayudha
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.v25i2.23838

Abstract

Indonesia holds significant potential in leveraging the vast collection of Islamic social funds. Amid the widespread digital transformation within financial institutions, it is critical to examine the impact of the adoption of digital technology in affecting the distribution of Islamic social finance and its subsequent impact on regional economic development in Indonesia. The research utilized data from 21 provinces in Indonesia to construct a regression model that investigates and evaluates the performance of Islamic social fund distribution concerning regional economic growth. This study integrates a moderation effect model to assess the impact of digital adoption on this relationship. Grouped regression models were used to investigate further regional variations, with robustness checks conducted across different fundraising levels. The findings reveal a significant influence of Islamic social fund distribution on regional economic development, with digital adoption—measured by access to and use of digital technology—acting as a considerable moderator. Further heterogeneity analysis reveals that provinces with lower GINI coefficients experience a more pronounced dampening effect of Islamic social fund distribution on regional economic development, moderated by the extent of digital adoption. This research offers new insights into the relationships between Islamic social fund distribution and digital adoption (ICT) in regional economic development, providing strategic implications for philanthropic institutions and policymakers considering Islamic social fund management.
Exploring the nexus between poverty line, minimum wage, and welfare: Evidence from Indonesia's industrial labor Syafitri, Wildan; Fitanto, Bahtiar; Setyanti, Axellina Muara
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.v25i2.24117

Abstract

Despite the industrial sector's critical role in Indonesia's economy, many workers remain trapped in low-welfare categories, influenced by factors such as insufficient access to digital resources, urban-rural disparities, and persistent gender and marital status inequalities. Understanding the determinants of labor welfare in this sector is essential to effectively addressing these disparities. This research examines labor welfare in Indonesia's industrial sector and identifies the key determinants by analyzing individual characteristics. The study uses generalized ordered logit, categorizing three welfare groups: those who are poor and earn below the minimum wage, those who are not poor but earn below the minimum wage, and those who are not poor and earn above the minimum wage. Data from the Survei Sosial Ekonomi Nasional (SUSENAS) provides a comprehensive foundation for the analysis. The findings reveal that internet utilization, urban residency, and age significantly increase the likelihood of being in the highest welfare category, with internet users, urban dwellers, and older workers having higher probabilities of better welfare outcomes. Gender also plays a role, as men are more likely than women to be in the higher welfare categories. Married individuals, conversely, have lower odds of being in higher welfare categories, while education shows no significant impact on welfare status. These findings suggest that enhancing internet access and digital inclusion across the workforce could significantly improve labor welfare, particularly for industrial workers. Additionally, targeted policies addressing the unique challenges of married workers and promoting regional economic equity could ensure broader and more inclusive improvements in worker well-being.
Analysis of oil price, trade openness and business cycle on exchange rate in Indonesia Kurniawan, Mahrus Lutfi Adi; Trianto, Cahyo; Suripto, Suripto
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.v25i2.24620

Abstract

The importance of exchange rate stability in achieving macroeconomic policy objec-tives cannot be ignored by developed or developing countries, including Indonesia. The adaptability of exchange rate management policies in achieving the macroeco-nomic policy goals is a testament to the resilience of the system. However, exchange rate stability cannot occur by itself, it depends on macroeconomic conditions. The research applies the ARDL method to analyze the short and long term influence of macroeconomic variables on exchange rates. The research results show that oil pric-es have a negative and significant impact on the rupiah exchange rate in the long term, while trade openness has no effect in the short and long term. The ARDL model consistently shows the negative influence of business cycle variables on ex-change rates in the short and long term.The implication of the research is that maintaining the stability of domestic macroeconomic conditions through increasing people's purchasing power, encouraging exports and export diversification, especial-ly in the manufacturing sector, which not only has a large multiplier effect in ab-sorbing labor but also can be a significant tool for stabilizing the exchange rate.
Revitalizing green economic capability to maintain the financial stability of MSMEs in Bira Beach
Jurnal Ekonomi & Studi Pembangunan Vol. 26 No. 1: April 2025
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v26i1.24080

Abstract

To maintain the financial stability of Micro, Small and Medium Enterprises (MSMEs) is a vital issue which needs a revitalization of green economic capability. This study explores the impact of Green Economy Capability (GEC) on the financial stability of MSMEs in the coastal region of Bira Beach, with a focus on the mediating role of government support. A SmartPLS-SEM used in this study to investigate the survey involving 150 MSMEs. The key variables measured include GEC, financial stability, and government support, with the data analyzed through descriptive and inferential statistical techniques. The findings indicate that GEC significantly influences government support, which in turn has a positive effect on financial stability. However, GEC does not have a direct impact on MSMEs' financial stability. These findings underscore the critical role of government policies in supporting the adoption of sustainable practices among MSMEs, particularly in regions heavily dependent on tourism. This research contributes to the literature by providing empirical evidence of the indirect relationship between GEC and financial stability through government support in the coastal MSME sector. In results, we offered two solutions. First, the policymakers must prioritize initiatives that strengthen MSME’s capacity for sustainable practices. Second, the need for tailored support systems in coastal areas like the adoption of green practices which must be integrated with local economic strategies to yield both environmental and financial benefits.
Understanding payment switching behavior to QRIS in Southwest Papua: A push-pull-mooring study
Jurnal Ekonomi & Studi Pembangunan Vol. 26 No. 1: April 2025
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v26i1.24253

Abstract

As the global economy changes, it's important to examine why people in Southwest Papua switch from cash to the Quick Response Code Indonesian Standard (QRIS) system. This region is notoriously behind in infrastructure and human development, so studying this area is crucial to expanding the national economy. This study investigates the variables that influence the switching behavior of users in Southwest Papua toward the Quick Response Code Indonesian Standard (QRIS) digital payment. The study investigates the impact of push factors (e.g., perceived trouble, perceived no record for transactions, and difficulty paying cash in large amounts), pull factors (e.g., perceived convenience, promotional benefits, and time savings), and mooring factors (e.g., habit and switching costs) on the transition from cash to digital payments, utilizing the Push-Pull-Mooring (PPM) framework and transaction cost theory. The research uses a method called structural equation modeling to study how QRIS users behave in three areas of Southwest Papua Province: Sorong City, Sorong Regency, and Raja Ampat, by selecting participants randomly from different groups. The results indicate that the adoption of QRIS is significantly influenced by both push and pull factors, with pull factors playing a more prominent role. Habit also significantly influences switching behavior, while switching costs show a negative but statistically insignificant effect. To expedite the adoption of digital payments in Southwest Papua, these insights provide policymakers and financial institutions with practical advice. They indicate that strategies that emphasize the convenience and advantages of QRIS over cash are more effective in increasing user adoption.

Page 29 of 31 | Total Record : 309

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