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JDE (Journal of Developing Economies)
Published by Universitas Airlangga
ISSN : 25411012     EISSN : 25282018     DOI : -
Core Subject :
The Journal of Developing Economies (JDE) is a journal published by the Department of Economics, Faculty of Economics and Business, Airlangga University with the ISSN 2541-1012 (print version) and 2528-2018 (online version). This journal is published every 6 months, June and December, through a review process from both internal (Airlangga University) and external reviewers.
Arjuna Subject : -
Articles 166 Documents
Healthy Living in Subsidized Houses? Evidence From Indonesia's FLPP Program Pangeran, Adhamaski; Khoirunurrofik
Journal of Developing Economies Vol. 8 No. 2 (2023)
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jde.v8i2.44743

Abstract

Government policies to encourage homeownership rates for low-income communities (MBR) are implemented through the Housing Finance Liquidity Facility (FLPP) program, executed since 2010. However, more than half of the built subsidized homes need to meet the minimum construction standards and infrastructure requirements that can impact the health quality of their occupants. This study aims to investigate the impact of government support for purchasing subsidized housing from Indonesia's FLPP program on district/city-level public health. The results of this study indicated that the FLPP program affects home occupancy rates and the FLPP program also has a negative relationship with community morbidity levels in the MBR group. As well, state intervention in the housing sector with the FLPP subsidized housing program can demonstrably improve the quality of public health. This study recommends that the government maintain the FLPP program because, apart from increasing occupancy, it indirectly impacts health quality improvement
Poverty and Inequality Dynamics: Measuring Dampening and IGTI in Three CAFTA-DR Countries Vanegas, Manuel; Roe, Terry
Journal of Developing Economies Vol. 9 No. 1 (2024)
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jde.v9i1.45266

Abstract

This article examines the relationships between extreme poverty, economic growth, and inequality, assesses if changes in inequality dampen the impact of income on extreme poverty, and determines the magnitude of the inequality growth trade-off index in Costa Rica, the Dominican Republic, and Honduras. A country-specific ARDL bound regression was conducted. The findings indicate the presence of direct and indirect dampening impacts of changes in inequality on income growth and extreme poverty reduction. The magnitude of the inequality growth trade-off- index indicates whether to prioritize growth and/or inequality reducing policies. This means that the higher the inequality, as in Honduras, the higher the economic or average income growth rate required to compensate for the increase in inequality to achieve a given level of extreme poverty reduction. Accordingly, there is no one-size-fits-all policy approach to tackling extreme poverty.
Impact of Covid-19 Cases on Inflation in ASEAN Wulandari, Chindy Roifatin; Ajija, Shochrul Rohmatul
Journal of Developing Economies Vol. 8 No. 2 (2023)
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jde.v8i2.45863

Abstract

This study is aimed to examine the impact of the total cases of COVID-19, interest rates, and money supply on inflation in ASEAN-5. Using the Panel Vector Error Correction Model (PVECM), the study reveals that the number of COVID-19 cases has a negative impact on inflation in ASEAN-5 both in the short and long run. The higher the total cases, the lower the inflation in the region. This was caused by a shock from the demand aspect due to the large number of people who were not working, so that household income decreased. A decrease in income will certainly impact on a decrease in demand which will affect equilibrium inflation. In addition, some control variables such as interest rates have a negative effect on inflation in the long run. Meanwhile, the money supply has no significant effect on inflation during the pandemic.
Ethnic and Religious Tolerance in Indonesia Wijaksono, Agung
Journal of Developing Economies Vol. 8 No. 2 (2023)
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jde.v8i2.46417

Abstract

This research focuses on the factors that influence tolerance in Indonesia. In this study, tolerance is seen from a person's attitude towards religious and ethnic differences. Data used are the results of Sosial Ekonomi Nasional Modul Sosial Budaya dan Pendidikan (Susenas MSBP) survey in 2021 conducted by Badan Pusat Statistik (BPS). This study uses ordinal logistic regression analysis and the results show that demographic factors (residence area and age) and socio-economic factors (education, poverty status, working status, and interaction with others) are the main factors that influence tolerance attitudes in Indonesia. individuals who live in urban areas, are highly educated, and interact with others, are more tolerant in accepting leaders, friends, and activities from different religions and ethnic groups. Older people have a higher tolerance attitude than younger people in accepting leaders of different religions and ethnicities. Poor households are more likely to accept leaders and friends of different religions and ethnicities, but less likely to accept leaders and activities of different ethnicities. The results also show that working individuals are less likely to accept activities from different religions/ethnic groups.
The Influence of Economic Uncertainty on Food Security and the Moderating Role of Trade Openness in Developing Countries Algifahri, Astria; Heriqbaldi, Unggul
Journal of Developing Economies Vol. 8 No. 2 (2023)
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jde.v8i2.47122

Abstract

This research examined the influence of economic uncertainty and the moderating role of trade openness on food security in 58 developing countries from 2012 to 2021. The dynamic panel data from the two-step System GMM was utilized to accomplish this. The findings of this research revealed that economic uncertainty did not exert a significant influence on food security in developing countries. Conversely, trade openness demonstrated a positive and significant effect in enhancing food security. Trade openness strengthened the adverse influence of economic uncertainty on food security in developing countries. The estimation results show trade openness has a significant positive effect of 0.0518, economic uncertainty has a positive but insignificant effect on food security, and Economic uncertainty when moderated by trade openness, shows a significant negative effect of -0.0533. The findings indicate that economic uncertainty does not significantly affect food security in developing countries. However, trade openness positively and significantly influences food security, suggesting that increased trade openness can enhance a country's food security. The results reveal a significant negative effect when considering both trade openness and economic uncertainty. It implies that implementing policies that reduce trade openness can enhance food security in high economic uncertainty.
Effect of Unemployment, Inflation and Foreign Direct Investment on Economic Growth in Sub-Saharan Africa Correa, Ebou
Journal of Developing Economies Vol. 8 No. 2 (2023)
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jde.v8i2.47283

Abstract

This research explores the influence of unemployment, inflation and FDI on GDP growth from 1991 - 2021. To estimate the model's short-run and long-run phases, the ARDL model was utilized. The Granger causality test, the Error Correction Model (ECM) approach, and the cointegration test were all applied during the investigation. GDP growth, FDI, unemployment, and inflation are among the variables considered. According to the results of the stationarity test, GDP growth and inflation (INF) were stationary at the level, whereas unemployment and FDI were stationary at the first difference. The cointegration test results demonstrated that the variables under consideration had a long-run association. The ECM outcomes also found that, while unemployment and inflation have negative effects on GDP growth, FDI has a positive effect.  Finally, the Granger causation analyses showed that none of the variable granger cause the other. The finding suggests that the government should implement policies that manage unemployment and inflation while also encouraging FDI inflows to improve GDP growth.
The determinants of sustainable transportation in East Asian countries: Does the moderating role of institutional quality matter Aden, Kadir; Dirir, Sadik Aden
Journal of Developing Economies Vol. 8 No. 2 (2023)
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jde.v8i2.47633

Abstract

Transportation has a profound effect on the environment, aggravating air pollution, climate change, and natural resource depletion. Additionally, the construction and maintenance of transportation infrastructure contribute to deforestation and habitat loss. Therefore, the aim of this research is to investigate the correlation between c02 emissions, natural resource depletion, trade, FDI inflow and transportation in a chosen number of eastern Asian countries, with a unique perspective of examining the influence of institutional qualities as a moderator among these factors. The analysis involves the utilization of CS-ARDL and dumitrescu-hurlin causality test to examine the data. The findings suggest that institutional qualities have a positive impact on the relationship between c02 emissions and transportation, reversing the negative association. Additionally, trade has a negative correlation with transportation, this can be explained by the fact that weak institutional quality can lead to corruption and a lack of transparency, which can discourage foreign investment and trade in the transportation sector. On the other hand, resource depletion and FDI inflows affect negatively the transportation services in East Asian countries. Therefore, the study highlights the significance of effective governance, regulation, and management of institutions in promoting better transportation planning and coordination, ultimately leading to sustainable transportation service.
Influence of Political Connections and Efficiency on Financial Performance and Its Implications on Firm Value Hazim, Raihan; Mediawati , Elis
Journal of Developing Economies Vol. 8 No. 2 (2023)
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jde.v8i2.47848

Abstract

This research aims to determine the influence of political connections and efficiency on financial performance and their implications for stock value. The research design employed in this study is quantitative research. The population of this study consists of 66 companies in the mining sector listed on the IDX Sector Energy. The sampling technique used in this research is purposive sampling. The data used are secondary data obtained from www.idx.co.id. Hypothesis testing is conducted using Partial Least Square analysis. The results of this study indicate that 1) Political connections have a non-significant positive influence on financial performance; 2) Efficiency has a significant favorable influence on financial performance; 3) Financial performance has a significant favorable influence on company value; 4) Financial performance has a non-significant positive mediating effect on the relationship between political connections and company value; 5) Financial performance has a significant positive mediating effect on the relationship between efficiency and company value.
Estimating The Financial Repression Index for The Economy of Bangladesh: A Principal Component Analysis Yousuf, Md
Journal of Developing Economies Vol. 9 No. 1 (2024)
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jde.v9i1.48141

Abstract

Financial repression was a common practice in the past, but it became less common during the liberalization era of the 1980s and 1990s. With the rise in financial sector vulnerability following the Asian financial crisis, the Global Financial Crisis, and the COVID-19 pandemic, repressive policies have once again become popular. Bangladesh, for instance, has imposed administrative interest rate ceilings. This study aims to assess the extent of financial repression on the economy of Bangladesh, using annual time series data spanning from 1973 to 2022. An aggregate financial repression index was calculated using the principal component analytical method, including the major policy variables such as real deposit rates, interest rate restrictions, capital account restrictions, the share of state-owned commercial banks in total loans, and statutory liquidity ratio. The reliability and validity of the results were tested by comparing them with the index calculated using different policy variables. The index of financial repression indicates that Bangladesh's financial sector has undergone considerable liberalization, yet it remains subject to some degree of repression. In recent times, financial repression has intensified, particularly following the imposition of lending rate ceilings in the wake of the outbreak of the COVID-19 pandemic. Policymakers are in a position to take proper measures to liberalize the financial sector and ensure financial stability.
The Effect of Uncertainty on Inflation: Evidence in ASEAN Marasanti, Andi Tiara Putri; Verico, Kiki
Journal of Developing Economies Vol. 9 No. 1 (2024)
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jde.v9i1.48745

Abstract

This article examines the relationships between extreme poverty, economic growth, and inequality, assesses if changes in inequality dampen the impact of income on extreme poverty, and determines the magnitude of the inequality growth trade-off index in Costa Rica, the Dominican Republic, and Honduras. A country-specific ARDL bound regression was conducted. The findings indicate the presence of direct and indirect dampening impacts of changes in inequality on income growth and extreme poverty reduction. The magnitude of the inequality growth trade-off- index indicates whether to prioritize growth and/or inequality reducing policies. This means that the higher the inequality, as in Honduras, the higher the economic or average income growth rate required to compensate for the increase in inequality to achieve a given level of extreme poverty reduction. Accordingly, there is no one-size-fits-all policy approach to tackling extreme poverty.