cover
Contact Name
Susilo Nur Aji Cokro Darsono
Contact Email
jesp@umy.ac.id
Phone
-
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 338 Documents
Does tertiary education alleviate unemployment in middle-income countries? Insights from a dynamic panel data Pratysto, Tangguh; Destiartono, Mohamad Egi; Kafabih, Anim
Jurnal Ekonomi & Studi Pembangunan Vol. 27 No. 1: April 2026
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v27i1.29792

Abstract

Unemployment remains a significant issue in these middle-income countries, constraining poverty alleviation, labor productivity, and the supply of decent work amid skills mismatches and underemployment. This study examines the impact of higher education on unemployment rates in 54 middle-income countries over the period 1999–2022. This study applies the System Generalized Method of Moments (System-GMM) to dynamic panel data and controls for endogeneity and lagged effects. The controls include lagged unemployment, per capita GDP growth, CPI inflation, and government final consumption expenditure (in % of GDP). Findings indicate that a 1% increase in tertiary education leads to a 0.035% decrease in unemployment in the short run and a 0.130% decrease in the long run (both significant at the 1% level). Per capita GDP growth and inflation also reduce unemployment. At the same time, government consumption raises unemployment based on large-scale dynamic analysis in middle-income countries during the post-financial crisis era. The previous literature tends to focus on high-income and static environments. Tertiary education continues to play a key role in addressing unemployment and skills mismatches, according to this research. The authors recommend that greater effort should be directed toward investments in higher education in the context where skills are least aligned with labor market needs, as a big part of public expenditure to generate more employment opportunities.
A linkage of welfare: industry, small business, and job creation Suliswanto, Muhammad Sri Wahyudi; Firmansyah, Muhammad; Rofik, Mochamad; Kurniawan, Mahrus Lutfi Adi; Flejterski, Stanislaw
Jurnal Ekonomi & Studi Pembangunan Vol. 27 No. 1: April 2026
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v27i1.29081

Abstract

This study aims to analyze the relationship between industry, small businesses, job creation, and welfare within an integrated analytical framework. This study uses a quantitative approach using Partial Least Squares Structural Equation Modeling (PLS-SEM) analysis, with primary data obtained from questionnaires distributed to 80 respondents in the industrial area of Gresik Regency, East Java, Indonesia. The results of this study indicate that industry significantly influences welfare, both directly and indirectly through small business development and job creation. In this case, small businesses act as a key mediating variable influencing industry's impact on job opportunities and improved welfare. The novelty of this study lies in the development of an empirical model that simultaneously integrates the roles of industry, small business development, job creation, and welfare within a single analytical framework, using small business and job creation as mediating variables. This research contributes to the development economics literature, particularly on inclusive growth. It provides a policy perspective on the importance of effective integration between industry and small businesses as a strategy for improving public welfare.
Dynamic linkages between woman labor participation and economic growth in ASEAN Muttaqin, Ecky Imamul; Widyasari, Maya; Aulia, Sulthonul; Adzimatinur, Fauziyah; Cheong, Jia Qi
Jurnal Ekonomi & Studi Pembangunan Vol. 27 No. 1: April 2026
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v27i1.31370

Abstract

This study analyses the dynamic interplay between women's labor market attributes and economic growth in Southeast Asia, specifically in Indonesia, Thailand, Malaysia, and Singapore, from 2000 to 2023. This study, inspired by modernisation theory and ongoing gender inequalities in labor markets, examines the interplay between female vulnerable employment, female self-employment, and the female-to-male labor force participation ratio in relation to GDP growth. A Panel Vector Autoregression (PVAR) model, estimated via the Generalised Method of Moments (GMM), utilises data from the World Development Indicators to identify bidirectional and dynamic causal links among the variables. The estimation results indicate that female vulnerable employment and female self-employment positively and significantly influence GDP growth, while the female-to-male labor force participation ratio demonstrates a negative but statistically negligible effect. Impulse response functions indicate that shocks to female self-employment have a positive impact on GDP in the short term, but shocks to female vulnerable employment first decrease GDP before stabilising. Forecast error variance decomposition reveals that GDP fluctuations are predominantly influenced by their own shocks, but female self-employment progressively contributes to GDP variance with time. The findings underscore the significant yet diverse impact of women's labor patterns on economic growth, highlighting the necessity for measures that mitigate vulnerability and enhance the quality of female work in ASEAN countries.
Asymmetric and time-horizon effects of geopolitical risk, digital assets, economic policy uncertainty, and commodity prices on Brazil’s sustainability index Darsono, Susilo Nur Aji Cokro; Handayani, Sintia; Mutiara, Intan; Nguyen, Tran Thai Ha; Chong, Fennee; Johari, Sobar M.
Jurnal Ekonomi & Studi Pembangunan Vol. 27 No. 1: April 2026
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v27i1.31388

Abstract

This study examines the short run and long run effects of geopolitical risk (GPR), Bitcoin (BTC) prices, economic policy uncertainty (EPU), world oil prices, world gold prices, and the Dow Jones Sustainability Index (DJSI) on Brazil’s Corporate Sustainability Index (ISE B3). Using monthly data from January 2019 to December 2024 and applying the Autoregressive Distributed Lag (ARDL) bounds testing framework, the analysis identifies asymmetric and time horizon dependent relationships. In the short run, gold prices exert a statistically significant negative effect on the ISE B3, consistent with asset substitution behaviour during periods of heightened uncertainty. By contrast, the DJSI displays a positive and significant influence, reflecting the transmission of global sustainability sentiment. In the long run, economic policy uncertainty and oil prices exert significant negative effects on the index, while geopolitical risk and Bitcoin prices have significant positive impacts. A robustness specification excluding the DJSI confirms the stability of the core results for EPU, oil prices, GPR, and Bitcoin. However, omitting the global sustainability benchmark modestly amplifies the estimated magnitudes of GPR and Bitcoin, indicating partial overlap in the channels through which global investor sentiment influences the ISE B3. These findings contribute to the emerging literature on the macro financial determinants of sustainability indices in emerging markets and provide actionable insights for portfolio managers, ESG oriented investors, and policymakers.
The effect of external debt, foreign investment and exports on economic growth in 16 Asian countries Syaparuddin, Syaparuddin; Pratama, Hajri Puja; Katamso, Katamso; Zevaya, Faradina
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.v25i1.18407

Abstract

This research aimed at analyzing the effect of economic growth lag, external debt, foreign investment and exports on economic growth in 16 Asian countries. The research used time series data from 2010-2020, and a sectional series in 16 Asian countries. The tool of analysis which was used in this research is Dynamic panel data regression. The result shows that the model of the system generalized method of the moment is the best model, the based on the result of analysis shows that economic growth lag has a positive significant influence, and in the short and long term the external debt has a negative significant influences, exports has positive significant influences on economic growth, while foreign investment does not have a significant influence towards economic growth.
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.
Who emits more emission? the association between CO2 emissions and socio-economics characteristics of Indonesian household Alyasa, Faisal Madjid; Komarulzaman, Ahmad; Isjwara, Harlan Dimas
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.v25i1.20326

Abstract

Much research has been done on identifying socio-economic household links in developed countries. However, the study of household carbon emission (HCE) levels and related variables still needs to be examined, especially in developing countries. The study uses an ordinary least squares model to pinpoint the socio-economic elements that affect a household's carbon emission levels. SUSENAS (National Socio-economic Survey) data from March 2019 and 2021, covering 655,694 households, were used. This study used ordinary least squares (OLS) for the regression and dominance analyses (DA) to determine the most crucial factors affecting the HCE. The household characteristics, individuals, and residential conditions are used to measure socio-economic situations. The DA analysis shows that income and household size are the most crucial determinants of HCE. The OLS analysis reveals that the income variable exhibits a non-linear relationship with HCE as an inverted U-shape in the total HCE and most consumption categories. Wealthier households generate higher levels of household carbon emissions than poorer households. The variable of household size demonstrates a positive relationship with the HCE. The composition of household members also significantly affects household carbon emission levels, where the presence of working members and toddlers tends to increase household carbon emissions. The research also finds differences in consumption patterns between urban and rural households, resulting in varying levels of carbon emissions. The findings of this study can assist policymakers in formulating targeted policies to reduce household carbon emissions.
The effect of exchange rate, inflation, interest rate and import on exports in ASEAN countries Yuliadi, Imamudin; Sari, Noni Pradika; Setiawati, Sri Ani Puji; Ismail, Syadan Hussein
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.v25i1.20921

Abstract

Export is one sector of the economy with a major role through market expansion between several countries, where it can carry out an expansion in an industry, thereby encouraging other industries and further encouraging other sectors of the economy. This study aims to analyze the effect of exchange rates, inflation, interest rates, and imports on exports in ASEAN countries. The data used in this study were annual data for the 2015-2019 period sourced from the World Bank. This research model employed a panel data method with a fixed-effect model, combining time series and cross section data with the help of EViews 7. The results revealed that exchange rates and imports had a positive and significant effect on exports. In addition, inflation and interest rates had a positive and insignificant effect on exports. Therefore, the governments of the ASEAN countries must monitor the stability of exchange rates, inflation, interest rates, and imports to increase exports from year to year so that the economy in ASEAN countries remains stable.
Social assistance performance on local economic development: evidence from island regions in East Indonesia Amin, Chairullah; Zamzam, Irfan; Reviane, Indraswati Tri Abdi; Duko, Firdaus; Hasnin, Muhammad; Muhammad, Nurdin I; Hartarto, Romi Bhakti; Anwar, Cep Jandi
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.v25i1.20988

Abstract

During economic uncertainty following the COVID-19 pandemic, social assistance is vital for alleviating the economic burden on the poor and vulnerable to poverty, particularly those residing in island-based areas. The research aims to measure the performance of social assistance programs in the regional economy of the North Maluku Archipelago Province. The study employs Data Envelopment Analysis (DEA) and Stochastic Frontier Analysis (SFA) to measure efficiency values, with input variables including social aid, unemployment, and inflation, while the output variable is poverty. The results reveal that social assistance is ineffective in reducing poverty. Several obstacles, including the minimal budget allocation, inaccuracies in identifying assistance recipients, and insufficient time for aid distribution are identified as primary causes of the inefficiency of social aid programs. Updating poverty data into one unified and integrated dataset is essential for the efficiency distribution of social assistance. Accurate targeting and timely distribution are the keys to the effectiveness of social assistance programs in reducing poverty.
The role of investment for poverty alleviation in Yogyakarta: Evidence from logit regression Suripto, Suripto; Sukarniati, Lestari; Khasanah, Uswatun; Kurniawan, Mahrus Lutfi Adi; Istanti, Istanti
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.v25i1.21060

Abstract

This article discusses the Solow-Romet theory of economic growth, aiming to explain the relationship between household poverty in the Province of Daerah Istimewa Yogyakarta (DIY) through investments in education, quality of life improvement, and health. The study examines various influence variables, including Non-Formal Education (XNF), Educational Scholarships (XBS), Protein Consumption (PK), Disease Prevention Costs (XL), Calorie Consumption (IK)), Health Insurance Variables (XAS ), and Food Security (XT) in assessing the poverty status of households in the Special Region of Yogyakarta in 2021. The estimation model employs a logit mode approach, using data from Susenas (National Socioeconomic) data for the Special Province of Yogyakarta, with a sample size of 4044 households. The findings of this study indicate that investments in non-formal education, school fees, and educational scholarships do not significantly affect family poverty status. However, increased investment in quality of life (such as calorie consumption) and health (including disease prevention and health insurance spending) will affect the poverty status of households in the Special Province of Yogyakarta in 2021.

Filter by Year

2000 2026


Filter By Issues
All Issue Vol. 27 No. 1: April 2026 Vol. 26 No. 2: October 2025 Vol. 26 No. 1: April 2025 Vol. 25 No. 2: October 2024 Vol 25, No 2: October 2024 Vol 25, No 1: April 2024 Vol. 25 No. 1: April 2024 Vol 24, No 2: October 2023 Vol 24, No 1: April 2023 Vol 23, No 2: October 2022 Vol 23, No 1: April 2022 Vol 22, No 2: October 2021 JESP Volume 22 Nomor 1, April 2021 Vol 22, No 1: April 2021 JESP Volume 21 Nomor 2, Oktober 2020 JESP Volume 21 Nomor 1, April 2020 Vol 21, No 1: April 2020 Vol 21: October 2020 Vol 20, No 2: October 2019 JESP Volume 20 Nomor 2, Oktober 2019 JESP Volume 20 Nomor 1, April 2019 Vol 20, No 1: April 2019 Vol 19, No 2: October 2018 JESP Volume 19 Nomor 2, Oktober 2018 Vol 19, No 1: April 2018 JESP Volume 19 Nomor 1, April 2018 JESP Volume 18 Nomor 2, Oktober 2017 Vol 18, No 2: October 2017 Vol 18, No 1: April 2017 JESP Volume 17 Nomor 2, Oktober 2016 JESP Volume 17 Nomor 1, April 2016 JESP Volume 16 Nomor 2, Oktober 2015 JESP Volume 16 Nomor 1, April 2015 JESP Volume 15 Nomor 2, Oktober 2014 JESP Volume 15 Nomor 1, April 2014 JESP Volume 14 Nomor 2, Oktober 2013 JESP Volume 14 Nomor 1, April 2013 JESP Volume 13 Nomor 1, April 2012 JESP Volume 12 Nomor 1, April 2011 JESP Volume 11 Nomor 1, April 2010 JESP Volume 10 Nomor 1, April 2009 JESP Volume 9 Nomor 1, April 2008 JESP Volume 8 Nomor 2, Oktober 2007 JESP Volume 7 Nomor 2, Oktober 2006 JESP Volume 7 Nomor 1, April 2006 JESP Volume 6 Nomor 2, Oktober 2005 JESP Volume 6 Nomor 1, April 2005 JESP Volume 5 Nomor 2, Oktober 2004 JESP Volume 5 Nomor 1, April 2004 JESP Volume 4 Nomor 2, Oktober 2003 JESP Volume 4 Nomor 1, April 2003 JESP Volume 3 Nomor 2, Oktober 2002 JESP Volume 3 Nomor 1, April 2002 JESP Volume 2 Nomor 2, Oktober 2001 JESP Volume 2 Nomor 1, April 2001 JESP Volume 1 Nomor 2, Oktober 2000 JESP Volume 1 Nomor 1, April 2000 More Issue