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Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan
Published by Universitas Muhammadiyah Surakarta
ISSN : 14116081     EISSN : 24609331     DOI : -
Core Subject : Economy,
Economics, Econometrics & Finance
Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan is a scientific journal that contains the results of theoretical research and studies on economic and development issues. Managed by Department of Development Economics, Faculty of Economics and Business Universitas Muhammadiyah Surakarta. Published by Muhammadiyah University Press.
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Articles 30 Documents
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Search results for , issue "Vol 17, No 1 (2016): JEP June 2016" : 30 Documents clear
Improved Profits and Wetland Paddy Farming Scale as the Leading Commodity in Agro ecological Zones Mulyono, Joko
Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 17, No 1 (2016): JEP June 2016
Publisher : Universitas Muhammdaiyah Surakarta

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Abstract

This study aims to analyze the feasibility of paddy farming as the leading commodity according agro-ecological zones (AEZ), increase in net profit and the scale of farming. The study was conducted at the location of the paddy fileds as leading commodity and non-leading commodity Bantul Regency in 2015. The feasibility of farming analyzed by revenue and cost ratio (R/C), the increase in profits was analyzed with an increase in net profit (NKB) and the scale of farming analyzed by determining the break even point of production (TIP) or break even point of price (TIH). The results showed that paddy farming as the leading commodity according agro ecological zones in Bantul is feasible and more optimal (R/C 2.17) than the non leading commodity (R/C 1.99). Paddy farming as the leading commodity according agro ecological zones can raise the net profit (NKB 1.13). Paddy farming as the leading commodity according agro ecological zones can provide benefits if the production is at least 2,729 kg/ha or the price is at least Rp. 1,643/kg.
Leading Sectors 15 Countries-District in Central Java Soebagyo, Daryono; Hascaryo, Arifin Sri
Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 17, No 1 (2016): JEP June 2016
Publisher : Universitas Muhammdaiyah Surakarta

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Sectors of the economy are vital to the economic growth of a region. A sector can be said to be high productivity levels and if the sector is able to absorb a large workforce and the use of human resources as efficiently as possible. Each area has advantages in certain sectors which could be a contributor to economic growth. This study was conducted to determine and explain the influence of the areas that have a particular advantage to economic growth. Measurements using the Location Quotient leading sectors, whereas the determinant analysis using panel data. This research is expected to know the areas that have the basic sector and determine its impact on economic growth in Central Java. An area is said to have a dominant sector if it has a score of more than 1 and is said not to have if less than 1. The sample used in this study are 15 city / county for the years from 2007 to 2011. The results of the analysis using the LQ shows that in 2007-2011 there were about eight areas that excel in the agricultural sector, 9 in the industrial and commercial sector.
Adoption Model of Falcataria-Based Farm Forestry: A Duration Analysis Approach Irawan, Evi
Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 17, No 1 (2016): JEP June 2016
Publisher : Universitas Muhammdaiyah Surakarta

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Integrating perennial plant, such as Falcataria moluccana, in farming system can provide economic and environmental benefits, especially in marginal areas. Indonesian governments at all levels have been employing a number of efforts to speed-up adoption of tree planting on farm.  However, the establishment of farm forestry on private land in Indonesia, especially in Java, is widely varied.  While the farm forestry in some locations has been well adopted, the farmers or land users in other location are reluctant to adopt them, although the traits of farmers and farm land in both locations are similar. Most adoption studies have employed cross-sectional data in a static discrete choice modeling framework to analyze why some farmers adopt at a certain point in time.  The static approach does not consider the dynamic environment in which the adoption decision is made and thus does not incorporate speed of adoption.  The information of adoption speed of an innovation is important in designing extension policies as well as reengineering innovations in order to align with socio-economic conditions of the farmers.  Based on data from a survey of a random sample of 117 smallholder households in Wonosobo Regency, Central Java, Indonesia, this study investigated determinants of time to adoption of farm forestry using duration analysis. Results revealed that factors that accelerate the adoption varied include age of household head, level of education of household head, off-farm employment and output price. Older farmers tend to adopt faster than the younger farmers. The other interesting findings are that off-farm employment and membership to farmers group are two most influential factors in speeding-up adoption of Falcataria-based farm forestry. The policy implications of this research are that government should design policies that promote farmers’ participation in off-farm income activities and strengthening farmer groups in addition to extension services and timber markets. 
Institution, Financial Sector, and Economic Growth: Use The Institutions As An Instrument Variable Girik Allo, Albertus
Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 17, No 1 (2016): JEP June 2016
Publisher : Universitas Muhammdaiyah Surakarta

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Institution has been investigated having indirect role on economic growth. This paper aims to evaluate whether the quality of institution matters for economic growth. By applying institution as instrumental variable at Foreign Direct Investment (FDI), quality of institution significantly influence economic growth. This study applies two set of data period, namely 1985-2013 and 2000-2013, available online in the World Bank (WB). The first data set, 1985-2013 is used to estimate the role of financial sector on economic growth, focuses on 67 countries. The second data set, 2000-2013 determine the role of institution on financial sector and economic growth by applying 2SLS estimation method. We define institutional variables as set of indicators: Control of Corruption, Political Stability and Absence of Violence, and Voice and Accountability provide declining impact of FDI to economic growth.
Effects of Credit on Economic Growth, Unemployment and Poverty Sipahutar, Mangasa Augustinus
Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 17, No 1 (2016): JEP June 2016
Publisher : Universitas Muhammdaiyah Surakarta

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Abstract             Effect of credit on economic growth, unemployment and poverty provides evidence from Indonesia on the role of banks credit for promoting economic growth and reducing both unemployment and poverty.  To document the link between banks credit and economic growth, we estimate a VAR model and variance decompositions of annual GDP per capita growth rates to examine what proxy measures of banks credit are most important in accounting for economic growth over time and how much they contribute to explaining economic growth.  We also estimate an ECM to document the relationship between banks credit to both unemployment and poverty. This paper revealed bi-direction causality between banks credit and economic growth.  Banks credit promotes economic growth and economic growth affects credit depth and financial development.  Furthermore, banks credit is a growth accelerating factor on Indonesian economic growth.  Banks credit is an endogenous growth and a good predictor on Indonesian economy.Our estimation model explained that credit allocated by banks increases business escalation to the real sectors then promotes economic growth, decreases unemployment rate through increasing in labor demanded, increases income and then decrease poverty.  This overall transmission mechanism just occurred through presence of banks credit by increasing money supply to the real sectors, promotes growth and social welfare. Keywords :  banks credit, economic growth, growth accelerating factor, poverty, unemployment JEL Classification : E51, E52, E58
The Effectiveness of Monetary Policy Towards Stock Index Case Study : Jakarta Islamic Index 2006-2014 el Hasanah, Lak lak Nashat; Panjawa, Jihad Lukis
Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 17, No 1 (2016): JEP June 2016
Publisher : Universitas Muhammdaiyah Surakarta

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Fluctuation in economy situation is an important indicator for investor decision making. The investor actions are base on the minimum risk while having maximum profit. One of it is observing the condition of macro variables within monetary policy. This research aims to analyze the impact of inflation, money supply, exchange rate, and birate towards stock of jakarta islamic Index. The type data used is times series periode 2006-2014. Multiple linier regression with chow test and dummy variable approach to compare and to know the behavior of each independent variables. The result shows partially that birate and exchange rate negatively impact Jakarta Islamic Index before global monetary crisis in 2008, while inflation and money supply not that significantly impact. After global monetary crisis in 2008, partially, birate variable and money supply significantly giving positive influence to Jakarta Islamic Index, while at same time exchange rate and inflation are not significantly influencial. Simultaneously, inflation, money supply, exchange rate, and birate influence Jakarta islamic Index.
Application of Imprecise Decision Modeling for Regional Development Policies in Indonesia Erlinda, Novita; Fauzi, Akhmad; Fauzi, Akhmad; Sutomo, Slamet; Sutomo, Slamet; Putri, Eka Intan Kumala; Putri, Eka Intan Kumala
Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 17, No 1 (2016): JEP June 2016
Publisher : Universitas Muhammdaiyah Surakarta

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Regional Development encompasses many aspect of economic, social, and environmental attributes. In the context of developing country, the decision to fulfill these attributes are often hindered by lack of clear development scenarios and constraints. This study is an attempt to capture the complexity of decision makers for regional development scenarios using imprecise decision modeling (IDM) by incorporating imprecise information and uncertainties. A series of social, economic and environmental criteria based on agreement from multi stakeholders dialogues were developed along with four policy development scenarios. Results from such a modeling provides variety of decision alternatives based on probabilities and risk assessment associated with achieving policy objectives.
Analysis of the Competitiveness of Indonesia Tourism Price Compared to the Competitors (Demand Elasticity Approach) Utami, Rayinda Citra; Hartono, Djoni Hartono; Awirya, Agni Alam
Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 17, No 1 (2016): JEP June 2016
Publisher : Universitas Muhammdaiyah Surakarta

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This study applies Almost Ideal Demand System models to examine Indonesia’s competitiveness as a tourist destination compared to two main competitor countries. The model was used to estimate the sensitivity of tourism demand from seven tourist-main market countries to price changes, the tourists’ total budget and global economic crisis. The model estimated result meets the assumptions of the demand theory: homogeneity and symmetry. The elasticity price shows that Indonesia is more competitive than Thailand among Australian and American tourists; while Indonesia is more competitive than Malaysia among American tourists. The research result also shows that the tourism price is the main determinant affecting the allocation of tourist expenditure in the three destinations.
Impacts Seed Technology Improvement on Economic Aspects of Chilli Production in Central Java - Indonesia Mariyono, Joko
Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 17, No 1 (2016): JEP June 2016
Publisher : Universitas Muhammdaiyah Surakarta

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Vegetable production, including that of chillies, plays an important role in agricultural sector and rural economic development worldwide. This is because of greater farm productivity with regard to vegetables than cereal and staple crops. This paper analyses the impact of seed technology development on the economic aspects of chilli production in Central Java. Particular attention is paid to improved varieties of chilli. Potential consequences of seed technology development are discussed. Data of this study are compiled from surveys conducted in three selected chilli producing regions in 2010-2012. The results show that the major varieties of chilli grown by surveyed farmers are grouped into three broad types: hybrids, local and improved open pollinated varieties. The chilli varieties farmers selected varied according to location and cropping season. In the dry season, farmers grew similar proportions of hybrid, local, and open pollinated types. Nevertheless, there were differences among the survey sites. Farmers grew different varieties to exploit seasonal microclimates and market preferences. Mostly, farmers selected varieties for economic motives. The consequence of growing hybrids was less use of agrochemicals, particularly pesticides, than for other varieties. Overall, they show the best economic performance in the study site. Development of seed technology should consider agro-ecological and economic aspects to obtain better outcomes. Private sector and national research institutions need to collaborate more to utilise available genetic resources to produce better varieties of chilli.
The Trend of The Returns to Educations in Indonesia Hendajany, Nenny; Widodo, Tri; Sulistyaningrum, Eny
Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 17, No 1 (2016): JEP June 2016
Publisher : Universitas Muhammdaiyah Surakarta

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This paper describes the rate of return to education in Indonesia. The purpose of this paper was to determine how the trend of return to education from 1993 to 2007. By using Mincer equation, we analyzed return to education in Indonesia with using Indonesia Family Life Survey (IFLS) data collected in 1993, 1997, 2000, and 2007. Mincer specification linked between income and education. Income used in this paper was real income of a person who works. The estimation of the rate of return to education started by separating each year data. Then, it used pool data by adding year variable and multiplication variable between year and education. Estimation was also carried out by comparing between men and women. Further, estimation was divided into two age cohorts, young cohort and old cohort. All the results of estimation indicated a decreasing rate of return, the greatest decrease occurred on men with old cohort.Keywords: education, return to education, Mincer equation, trendJEL codes: I26, J30

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