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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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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
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.
The GRDP per capita, human development index, open unemployment rate, regional expenditure, and poverty in East Java Province Falah, Meilita Arini; Rahmawati, Farida
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.v25i1.21327

Abstract

Poverty is one of the goals of Indonesia's development program, as stated in the first point of the Sustainable Development Goals (SDGs). East Java Province has one of the largest poor populations in Indonesia, making poverty reduction a major component of improving people's welfare. This study aims to ascertain the effect of GRDP per capita, Human Development Index (HDI), Open Unemployment Rate, and regional expenditure in East Java Province from 2012 to 2022. The findings are expected to be a reference or policy-making decision in poverty alleviation efforts. This study makes use of panel data from East Java Province's 38 districts and cities from 2012 to 2022. Quantitative analysis method is utilized with an error correction model (ECM) regression analysis technique. The results showed that GRDP per capita, HDI, unemployment, and regional expenditure simultaneously affect poverty in East Java Province. Partially, GRDP per capita and HDI have a negative effect on poverty both in the long and short-term. In the long term, unemployment has a positive effect on poverty, but shows no effect in the short term . Meanwhile, regional expenditure has no effect on poverty, either in the long or short term in East Java Province. Reducing poverty can be achieved by increasing economic output to increase per capita income, improving the quality of human resources through investment in education and health, providing broad employment opportunities to reduce unemployment, and increasing the allocation of regional expenditure and allocation of regional expenditure with the right target.
Inclusive economic growth and fiscal intervention: could it reduce poverty, inequality, and unemployment in East Java? Purwanti, Dyah
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.v25i1.21694

Abstract

Before the COVID-19 pandemic, East Java Province (then abbreviated to East Java) made remarkable achievements in economic growth accompanied by a continuing downward trend in poverty. Then, after the COVID-19 pandemic broke out in 2020, it had a detrimental impact in terms of health, economics and social aspects. Specifically for East Java, the outbreak caused a severe contraction in the economy and significantly increased the number of local unemployed. However, long before COVID-19, East Java was facing wide inequality. Based on these problems, this study evaluates whether inclusive growth and local government fiscal intervention are solutions. These two factors have been recommended by economist as an effective strategies for reducing the triple problem in East Java. Fiscal intervention is interpreted as expenditure policies in economic, education, and health functions. Using panel data regression during 2015-2021, the study documents that economic growth in East Java still needs to be fully inclusive. This is based on the finding that inclusive economic growth does not simultaneously reduce triple problems (poverty, inequality and unemployment). Inclusive growth reduces poverty in East Java, but it has the opposite effect on unemployment and inequality. On the one hand, positive findings are documented in which fiscal intervention in education spending plays a significant role in reducing poverty. Unfortunately, this study failed to find the determining factors that provide a solution to inequality and unemployment in East Java. These evidences certainly have implications for reviewing the quality of inclusive growth and local government expenditure policies.
Does contract farming participation promote household’s food security for smallholders? Empirical evidence from Indonesia Sumartini, Ni Putu; Nasrudin, Rus’an
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.v25i1.21783

Abstract

Contract farming has been extensively adopted as a strategy to overcome limitations in the market and enhance the well-being of farmers. Nevertheless, the extent to which it affects food security has not been sufficiently examined and is uncertain. Moreover, there is a lack of empirical evidence regarding the impact of contract farming on food security in Indonesia. To fill the existing research gap, this study employs propensity score matching (PSM) to mitigate selection bias in examining the impact of contract farming on the food security of smallholder farm households in Indonesia. It utilizes the 2021 Indonesia Agricultural Integrated Survey (SITASI) data, designed to monitor the indicators of sustainable development goals (SDGs) in the agriculture sector. The food insecurity experience scale (FIES) is used to measure food security. Our research shows that contract farming can potentially improve the food security of smallholder farm households in Indonesia. However, the overall impact can be considered minor. Contract farming has the potential to enhance food security, but it may not be adequate as a standalone solution. A comprehensive strategy, complemented by related policies such as innovative farming practices, technology adoption, and income-generation measures, is essential. Furthermore, our investigation revealed that this beneficial effect is particularly prominent among farmers residing in rural areas, female farmers, and farmers who do not own land or livestock. It indicates that contract farming can be a feasible tool for poverty alleviation, rural development, and woman empowerment. This study also found that factors such as location, market access, credit availability, gender, education, and exposure to agricultural training influenced contract farming participation.
The role of village development on stunting prevalence reduction in Eastern Indonesia Indriana, Intan Solikhah; Hartarto, Romi Bhakti; Fadhila, Tiara; Nugraha, Gilang Adi
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.v25i1.22099

Abstract

Stunting has become a global priority in addressing health disparities among children. The study aims to investigate the autonomy of villages in reducing the prevalence of stunting in eastern Indonesia. The research data coverage is derived from sources with high credibility in Indonesia. The prevalence of stunting is obtained from the Indonesian Nutrition Status Survey by the Ministry of Health, while the Village Development Index is sourced from the Ministry of Villages. Panel data from 13 provinces in Eastern Indonesia for 2015-2022 are estimated using the Random Effect Model through the Generalized Least Squares method. The findings indicate that the Village Development Index significantly influences the reduction of stunting rates. This highlights the importance of local empowerment strategies in combating health disparities. Furthermore, the decrease in unmet Family Planning (FP) service needs, the decline in early marriages under 18 years, and the higher years of education contribute significantly to the reduction of stunting prevalence. This underscores the interconnection between social determinants and child health outcomes.
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.
Dynamics effect of volatility index, interest rates, and commodity prices on Indonesian bond yields Darsono, Susilo Nur Aji Cokro; Firman, Afrizal; Nugraha, Pazri; Isnaini, 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.v25i1.22189

Abstract

Several factors influence the movements and dynamics of bond yields in financial markets. The determination of monetary policy, specifically the decisions regarding interest rates made by central banks, is a critical factor. Moreover, bond yields can be influenced by various factors such as geopolitical events, financial volatility, market sentiment, and investor risk appetite. These factors can impact the demand and supply dynamics in bond markets. This research aims to analyze the influence of Interest Rates, IDR to USD Exchange Rates, Volatility Index (VIX), Gold and Oil Prices on Bond Yields in Indonesia. The data used in this research is secondary data, which consists of time series data from 2019-2023. This research investigates the impact of financial and commodity prices on bond yields in Indonesia by using the autoregressive distributed lag (ARDL) model to examine both the long-run correlation and short-run effect. Empirical results found that Interest Rate, Volatility Index (VIX), and Oil Prices have a significant positive influence. Meanwhile, the Gold Price variable has a significant negative influence. This research has several crucial policy implications for investors concerning the national monetary policy, exchange rate fluctuation, and global volatility index to create profitable and sustainable portfolio strategies. Moreover, investment managers and investors should be concerned about the global commodities prices that will affect bond yield performances. This research contributes to the recent literature presenting causal relations of global volatility index (VIX) on Indonesian bond yield. 
The impact of gross domestic product, exchange rates and ACFTA implementation on Indonesia’s trade intensity index Wardani, Dyah Titis Kusuma; Huda, Adinda Salshabilla Zhauza; Duasa, Jarita
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.v25i1.22191

Abstract

The ASEAN-China Free Trade Area (ACFTA) represents a critical agreement between ASEAN member countries and China, aimed at fostering economic integration by eliminating or reducing trade barriers, enhancing service market access, refining investment regulations, and bolstering economic cooperation. This framework is designed to strengthen economic ties and enhance welfare across the involved nations. This study evaluates the impact of the ACFTA on trade dynamics by analyzing the Trade Intensity Index (TII), GDP, exchange rates, and a dummy variable representing the ACFTA's implementation. Utilizing annual data from 2001 to 2021, sourced from the UN-Comtrade Database and the World Bank, the research employs the Ordinary Least Squares (OLS) method to provide insights into the trade relationships under the ACFTA framework. The findings indicate a divergent impact, while Indonesia experiences a negative and significant influence from GDP, exchange rates, and ACFTA implementation, the ASEAN-6 countries display a positive and significant effect. Moreover, the study reveals that Indonesia's Trade Intensity Index with other ACFTA members is comparatively lower than Malaysia’s. This suggests a need for targeted trade policies in Indonesia aimed at amplifying export volumes in sectors where it holds a comparative advantage. Such strategies could significantly enhance Indonesia's trade intensity within the ACFTA, fostering greater economic integration and benefits under this expansive regional trade agreement.
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.
Harmonization of monetary and multidimensional poverty through a threshold alignment approach Setyawan, Novi Andy Dwi; Sulistyaningrum, Eny; Arsyad, Lincolin
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.v27i1.26768

Abstract

Two principal methodologies for poverty measurement are extensively used internationally: the direct approach, encompassing multidimensional indicators, and the indirect approach, based on monetary metrics. However, empirical evidence has demonstrated that the simultaneous application of both methods produces substantial discrepancies in poverty identification results. This discrepancy can be attributed to the lack of a common threshold between the two approaches. The present study addresses this issue by implementing a threshold alignment method using receiver operating characteristic (ROC) analysis. This threshold alignment method also indirectly mitigates the arbitrariness in determining the indicator thresholds commonly associated with the Alkire–Foster (AF) method. Furthermore, this study aims to eliminate arbitrariness in indicator weight determination through multiple correspondence analysis (MCA), thereby reducing potential researcher subjectivity in the calculation process. This study compared four methodologies: AF, ROC, AF-MCA, and ROC-MCA. The findings indicate that the ROC-MCA method yields superior evaluation results compared to alternative methods. Therefore, these findings suggest that the ROC-MCA method more accurately identifies poor households and improves upon the multidimensional poverty measurement approach originally proposed by Alkire and Foster.

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