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Contact Name
Susilo Nur Aji Cokro Darsono
Contact Email
jesp@umy.ac.id
Phone
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Journal Mail Official
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
Location
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
Short- and long-term determinants of Indonesia’s rice import: An error correction model approach
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.v26i1.24963

Abstract

Indonesia's dependence on rice imports has become a crucial issue in food security. This study examines the determinants of rice imports using an ECM model, analyzing the influence of rice production, exchange rate, domestic rice price, harvested land area, foreign exchange reserves, carbon emissions, and rice consumption in short and long term. The results show that in addition to production and consumption factors, macroeconomic variables such as exchange rates and foreign exchange reserves, as well as environmental factors such as carbon emissions, have a significant role in influencing rice imports. These findings highlight the importance of integrated policies between the agricultural, economic, and environmental sectors to achieve sustainable food security
The profitability of Indonesian infrastructure companies amid COVID-19: Quantile regression for stability testing
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.v26i1.24971

Abstract

: The COVID-19 pandemic has significantly impacted the global economy, including Indonesia, adversely affecting financial performance, particularly profitability, in sectors such as infrastructure, which are highly sensitive to macroeconomic conditions. This study aims to examine the profitability of Indonesian infrastructure companies during the COVID-19 crisis period. Using annual GDP growth (GDPG) as a proxy for macroeconomic conditions and return on assets (ROA) as a measure of profitability, the study incorporates control variables in an empirical model. A sample of 41 companies was selected through purposive sampling, and Quantile Regression was employed to test stability across various quantile distributions of the endogenous variable. The findings reveal that infrastructure companies experienced a decline in profitability during the crisis years of 2020 and 2021 compared to the pre-crisis period, with profitability improving in 2022 as GDP growth rebounded. Robustness checks confirm consistent results across quantiles 0.1 to 0.7, indicating stability in low (τ = 0.1–0.3) and medium (τ = 0.4–0.6) profitability levels. However, the relationship was unstable at higher quantiles (τ = 0.7–0.9), with significant effects observed only at τ = 0.7. These empirical findings suggest managerial implications for corporate executives and financial decision-makers within Indonesian infrastructure companies, emphasizing the need for operational strategy adaptations, including cash flow efficiency, revenue diversification, and risk mitigation, to navigate macroeconomic dynamics and capitalize on economic recovery opportunities.
The effect of economic growth on income inequality in the Special Region of Yogyakarta
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.v26i1.25361

Abstract

This study focuses on income disparity and economic growth in the Yogyakarta Special Region. The area's slow economic expansion contributes to persistent income inequality. Using variables such as population, economic growth, district/city minimum wage, inflation, open unemployment rate, and income inequality, this study investigates the relationship between economic growth and income disparity. A quantitative approach is employed using panel data regression and Seemingly Unrelated Regression (SUR) on secondary data from the Central Bureau of Statistics (BPS). The results show that district minimum wage and open unemployment rate significantly and positively affect income inequality, while inflation, economic growth, and population size have no significant effect. These findings imply that inclusive development policies, equitable job creation, and wage regulations that consider the informal sector are essential for reducing regional income disparities in Yogyakarta.
The influence of experience economy and healthcare facility on intention of revisiting through patient satisfaction as an intervening variable
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.v26i1.25469

Abstract

The development of the hospital service sector provides many choices of places for people to seek treatment. Hospitals have a duty to provide health services to the community on an ongoing basis. The purpose of this study is to test and analyze the effect of experience economy and healthcare facility on the intention of revisiting patients through patient satisfaction as an intervening variable (Study on Outpatients at Kalisat Regional Hospital). This study uses descriptive quantitative research. The population of this study were outpatients of the Kalisat Regional Hospital and sampling using purposive sampling method. The analysis technique used in hypothesis testing is Variance-based SEM or Partial Least Square (SEM-PLS) testing with the warp pls 7.0 program. The results showed that experience economy has a positive and significant effect on intention of revisiting and patient satisfaction. Healthcare facility has a positive and significant effect on intention of revisiting and patient satisfaction. Patient satisfaction has a positive and significant effect on intention of revisiting. Experience economy and healthcare facility have a positive and significant effect on intention of revisiting through patient sSatisfaction as an intervening variable.
How natural resources shape the industrial development: Evidence from N-10 countries
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.v26i1.25605

Abstract

This study analyzes the effect of natural resources on the manufacturing industry. It aims to fill the gap in the research on the impact of natural resources on industrial productivity since there is very limited literature on such a topic, particularly in the Next Eleven countries (N-11), excluding South Korea (referred to as the N-10 countries). South Korea is not included as a sample because it does not have many natural resources. The N-10 countries (Vietnam, Turkey, Philippines, Pakistan, Nigeria, Mexico, Iran, Indonesia, Egypt, and Bangladesh) have a large population, rapid economic growth, and political and economic stability. The Generalized Method of Moments (GMM) is implemented using data panels of the N-10 countries with natural resources from 2015 to 2021. This study confirms that the resource curse exists, as evidenced by the detrimental effects of abundant natural resources on industrial productivity. Empirical findings have also documented a significantly adverse impact of corruption practices in the manufacturing sector. Meanwhile, capital and trade openness should be further improved to encourage value-added industries. Based on the results of this study, the N-10 countries are recommended to diversify their economies, reduce reliance on natural resources, and strengthen the control of corruption.
Infrastructure development as a catalyst for sustainable economic growth in OIC countries
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.v26i1.25840

Abstract

Infrastructure development plays an important role in promoting sustainable economic growth, especially in member countries of the Organization of Islamic Cooperation (OIC). The purpose of this study is to understand how different types of infrastructure, such as digital, physical and non-physical infrastructure, investment, investment and human development index (HDI) impact sustainable economic growth. This study uses data from 52 OIC member countries over the period 2022-2023. To analyse the data, a statistical method called Estimated Generalized Least Squares (EGLS) is used, which is specifically designed to overcome differences in conditions between countries in the data. This method helps to obtain more accurate results despite the imbalance or variation of data between countries. The results of this study show that non-physical infrastructure and HDI have a positive and significant influence on sustainable economic growth. Non-physical infrastructure, such as institutions and basic services can help strengthen the economic system. HDI also plays an important role in improving the quality of human resources. Meanwhile, physical infrastructure, digital infrastructure and investment have not shown a significant direct effect. Therefore, it is recommended that the governments of OIC countries focus on strengthening institutions and improving diverse human qualities to support inclusive and sustainable economic growth.
Clustering of Regions in Lampung Province based on social and economic aspects using the K-Means algorithm with PCA optimization
Jurnal Ekonomi & Studi Pembangunan Vol. 26 No. 2: October 2025
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v26i2.26212

Abstract

Regional planning aims to create balanced and sustainable development by considering each region’s unique socio-economic characteristics. Lampung Province, as a resource-rich area in Sumatra, faces regional disparities and underdeveloped districts despite its potential. This study applies regional clustering to support development strategies by categorizing districts/cities based on social and economic factors. A quantitative machine learning approach is employed using the K-Means algorithm optimized with Principal Component Analysis (PCA) to enhance clustering accuracy. The research utilizes secondary data from 2019 to 2023, encompassing economic indicators such as Gross Regional Domestic Product (GRDP) and inflation rates, alongside social factors including the Human Development Index (HDI) and poverty rates. The results reveal two distinct clusters that is urban-centered districts with higher economic growth but greater income inequality, and rural-oriented districts with slower economic development yet relatively stable social conditions. This classification highlights the necessity for inclusive development policies tailored to regional characteristics, emphasizing investment in productive sectors, human resource development, and infrastructure improvement to bridge socio-economic disparities. The study underscores the importance of localized policy interventions to foster balanced regional development in Lampung Province.
Does globalization affect human development index? Evidence from high-corruption and low-corruption countries
Jurnal Ekonomi & Studi Pembangunan Vol. 26 No. 2: October 2025
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v26i2.26439

Abstract

The impact of globalization on human development is widely debated, with corruption shaping whether its benefits are realized or undermined. While previous studies have typically examined globalization’s effects by classifying countries according to income level, development status, or regional grouping, little is known about how these effects differ across countries with varying degrees of corruption severity. This study examines how economic and social globalization influence the Human Development Index (HDI) in countries classified as low, moderate, and high corruption. Using panel data from 68 countries between 2005 and 2022, the analysis applies Fixed Effects, Random Effects, and Feasible Generalized Least Squares (FGLS). The most striking finding is that FDI has a negative and significant effect on HDI in low-corruption countries—many of which are advanced economies—contradicting conventional expectations that FDI fosters development under good governance. This result may reflect structural challenges such as aging populations, the refugee crisis, and geopolitical shocks that limit the developmental gains from foreign capital. By contrast, FDI shows no significant impact in moderate and high corruption countries, where weak institutions prevent investment benefits from being widely shared. Other results show that exports consistently enhance HDI across all corruption levels, imports matter only in moderately corrupt countries, internet access drives improvements in all groups, and tourism contributes positively only in high-corruption countries. The practical implication is that low-corruption countries must align FDI with demographic and labor-market strategies to ensure inclusive outcomes, while high and moderate corruption countries should strengthen institutions to unlock FDI’s potential.
Decision analysis of students’ smoking behavior in Yogyakarta: Attitudes, knowledge, and health-economic safety
Jurnal Ekonomi & Studi Pembangunan Vol. 26 No. 2: October 2025
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v26i2.26571

Abstract

Smoking remains a major global health concern and continues to be prevalent among university students. This study aims to analyze the determinants of smoking behavior among students from four Islamic universities in Yogyakarta by examining the influence of attitudes, knowledge, community well-being, and health-related economic safety on smoking decisions. A cross-sectional quantitative survey was conducted involving 426 respondents selected through accidental sampling. Data were collected using a Likert-scale questionnaire and analyzed using binary logistic regression with SPSS software. The results revealed that 38.5% of respondents were smokers, with notable differences across campuses. Attitudes toward smoking had the strongest effect on smoking decisions (p = 0.000), indicating that negative attitudes significantly reduce the likelihood of smoking. Knowledge of smoking risks was not statistically significant (p = 0.553), while community well-being and economic safety showed varying influences on smoking behavior. This study extends the literature on health economics and behavioral decision-making by integrating psychosocial and economic safety dimensions into the analysis of student smoking behavior in Islamic university contexts. The findings suggest that anti-smoking interventions emphasizing attitude formation may be more effective than those solely focused on knowledge dissemination. University administrators and policymakers should develop culturally sensitive, campus-specific health education programs to reduce smoking prevalence. The cross-sectional design limits causal inference, and the sample may not fully represent all Indonesian universities. Future research could adopt longitudinal designs or incorporate qualitative approaches to better understand behavioral change mechanisms.
Does zakat impact poverty alleviation in Indonesia during Covid-19?
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.v26i1.26688

Abstract

Zakat functions as a crucial instrument for achieving developmental goals, including the improvement of individual welfare. This study aims to analyse the effect of zakat, as measured by the National Zakat Index (NZI), on poverty alleviation in Indonesia during the Covid-19 pandemic. This research utilizes panel data from 32 Indonesia provinces covering the period from 2020 to 2022, employing the Fixed Effect Model (FEM) analysis method. The current analysis has not found a statistically significant effect of the National Zakat Index on the decrease of poverty rates in Indonesia. A major element to the enduring poverty in Indonesia is the inadequate collection of national zakat money. The Covid-19 pandemic has led to a significant rise in the number of individuals living in poverty, thereby decreasing zakat payment collections. The NZI is an extensive index that encompasses both macro and micro aspects. The NZI is expected to function as an objective metric for assessing the efficacy of zakat administration in Indonesia. The establishment of efficient zakat management is anticipated to enhance poverty reduction efforts. The policy consequence derived from the findings is to enhance zakat management organizations. This study contributes to the relationship between zakat and poverty reduction from a macro-level perspective, unlike earlier research that focuses on micro-level data.

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