Economics Development Analysis Journal最新文献

Household Consumption and Electronic Money Transactions in Indonesia: VECM Approach 印度尼西亚的家庭消费与电子货币交易：VECM 方法

Economics Development Analysis Journal Pub Date : 2024-02-19 DOI: 10.15294/edaj.v13i1.78819

Besti Novianda

{"title":"Household Consumption and Electronic Money Transactions in Indonesia: VECM Approach","authors":"Besti Novianda","doi":"10.15294/edaj.v13i1.78819","DOIUrl":"https://doi.org/10.15294/edaj.v13i1.78819","url":null,"abstract":"The high contribution of household consumption to GDP reflects the significant level of public consumption in Indonesia. This is evident from the annual increase in transactions through digital payment system, which facilitate easier for people to consume goods and services. Previous studies have offered various perspectives on the impact of electronic money transactions on household consumption, in both the short and long run. Therefore, this study aims to analyze the relationship between electronic money transactions and household consumption in Indonesia. By employing the Vector Error Correction Model (VECM) and examining data from 2009Q1 to 2022Q4, the study aims to provide insights into the dynamics of short-term and long-term relationships among electronic money transactions, household consumption expenditure, real income, and interest rates. Based on the results in the short term, it was found that electronic money and real income are positively related to household consumption expenditure in Indonesia. With the increase in electronic money transactions and people's income levels rising, households tend to spend more money, contributing to increased societal consumption. However, this positive relationship does not persist in the long term, suggesting that electronic money does not significantly impact household spending patterns over extended periods. Real income, on the other hand, continues to have a consistent effect in the long term. Furthermore, interest rates do not significantly influence consumption expenditure in either the short or long term. This implies that changes in interest rates do not notably affect consumer behaviour regarding spending habits in Indonesia.","PeriodicalId":30831,"journal":{"name":"Economics Development Analysis Journal","volume":"99 15","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140451460","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Youthful or Aged: Exploring Age Dependency Ratios and Inflation Trends in ASEAN Countries 年轻还是衰老？探讨东盟国家的年龄赡养比率和通货膨胀趋势

Economics Development Analysis Journal Pub Date : 2024-02-17 DOI: 10.15294/edaj.v13i1.75931

Teguh Santoso, Bayu Kharisma, Aurelia Puteri Arfita

{"title":"Youthful or Aged: Exploring Age Dependency Ratios and Inflation Trends in ASEAN Countries","authors":"Teguh Santoso, Bayu Kharisma, Aurelia Puteri Arfita","doi":"10.15294/edaj.v13i1.75931","DOIUrl":"https://doi.org/10.15294/edaj.v13i1.75931","url":null,"abstract":"There has been a growing interest to understand inflation through demographic lens using a critical key indicator known as the dependency ratio. However, studies investigating this nexus in terms of ASEAN nations are limited, despite ASEAN undergoing a demographic transition. Therefore, this paper aims to investigate the impact of age-population ratio on the inflation rate across 8 ASEAN countries during 2000-2020. This research uses Feasible Generalized Least Squares (FGLS) estimation, as it is robust to groupwise heteroskedasticity, serial and cross-sectional correlations. The result reveals that population aging is deflationary. However, the elderly dependence successfully explains the price dynamic after controlled by monetary and macro variables. It means that aging matters for inflation along with the macro variables dynamic. In addition, the analysis also sheds light on the impacts of the young dependency, which does not significantly impact the inflation rate when macro variables are taken into account. This research also underlines the importance of considering demographic dynamics in the future monetary policy decisions.","PeriodicalId":30831,"journal":{"name":"Economics Development Analysis Journal","volume":"257 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140453059","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Economic Simulation of Central Java: Indonesia’s Province-Based IRIO Analysis 中爪哇省的经济模拟：印度尼西亚以省为单位的 IRIO 分析

Economics Development Analysis Journal Pub Date : 2024-02-17 DOI: 10.15294/edaj.v13i1.75823

Firmansyah Firmansyah, Siti Hilmiati Azyzia

{"title":"Economic Simulation of Central Java: Indonesia’s Province-Based IRIO Analysis","authors":"Firmansyah Firmansyah, Siti Hilmiati Azyzia","doi":"10.15294/edaj.v13i1.75823","DOIUrl":"https://doi.org/10.15294/edaj.v13i1.75823","url":null,"abstract":"This study simulates increased sectoral investment in the economy of Central Java Province, Indonesia. Using output and household income indicators, several policy scenarios are applied to Indonesia's interregional input-output (IRIO) tables, including green economic scenarios. The aim of this research is to identify the most impactful policy on the economy of Central Java based on the results of investment policy simulations. Investment injections are conducted in production sectors within Central Java and in sectors outside the province. By assessing the direct, indirect and induced effects on economic sectors and households, cross-sectoral insights for regional development policies, the simulation results show that the Central Java economy experiences the best impact in terms of sectoral household output and income levels. In IRIO analysis, this impact is seen as a multiplier effect from sectors within and beyond Central Java. The findings imply that policies focused on local sector development will generate the highest income levels and largest output multiplier for Central Java given the existing economic conditions, while green economic policies do not have insignificant economic impacts compared to non-green policies. It is crucial to develop additional policy scenarios targeting both local and non-local industries to obtain more sensitive simulation results.","PeriodicalId":30831,"journal":{"name":"Economics Development Analysis Journal","volume":"494 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140453506","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The Effect of Asean Financial Services Liberalisation on Economic Growth 东盟金融服务自由化对经济增长的影响

Economics Development Analysis Journal Pub Date : 2024-02-17 DOI: 10.15294/edaj.v13i1.76926

Mufti Kandaga Abidin, D. Pratomo

引用次数: 0

Does Minimum Wage Reduces Gender Inequality in Indonesia? 印度尼西亚的最低工资是否减少了性别不平等？

Economics Development Analysis Journal Pub Date : 2024-02-16 DOI: 10.15294/edaj.v13i1.74808

Irawati Abdul, Yusril S. Hasan, Fitri Hadi Yulia Akib

引用次数: 0

Household Energy Poverty: Evidence From a Large-Scale Longitudinal Survey 家庭能源贫困：来自大规模纵向调查的证据

Economics Development Analysis Journal Pub Date : 2024-01-10 DOI: 10.15294/edaj.v12i4.74534

Yustirania Septiani, R. R. Sugiharti, Jihad Lukis Panjawa, Isna Hana Nur Izati

{"title":"Household Energy Poverty: Evidence From a Large-Scale Longitudinal Survey","authors":"Yustirania Septiani, R. R. Sugiharti, Jihad Lukis Panjawa, Isna Hana Nur Izati","doi":"10.15294/edaj.v12i4.74534","DOIUrl":"https://doi.org/10.15294/edaj.v12i4.74534","url":null,"abstract":"Energy is a basic household necessity closely related to human health and well-being; unfortunately, not all households have equal access to energy. This condition is referred to as energy poverty, wherein a household lacks access to or cannot afford basic energy services to meet its daily needs. The goal of this research is to analyze the determining factors of the probability of households experiencing energy poverty in Indonesia, focusing on Household Demography and Household Expenditure factors. Using household survey data from IFLS4 (2007) and IFLS5 (2014) and employing Multinomial Logit analysis, this study aims to capture the differences between groups of energy-consuming households. The research findings indicate that households found it easier to access energy (especially gas) after the implementation of the energy conversion policy from kerosene to gas, which began in 2007. Based on the estimation results, the probability of households experiencing energy poverty in Indonesia in 2007 is determined by Education, Income, Spouse Work, Communication Cost, and Health Cost, while in 2014, it is influenced by Education, Spouse Work, Electric Cost, Fuel Cost, Health Cost, and Non-food Consumption. Other indicators of Household Demography and Household Expenditure show different results for each category and period. To address energy poverty, a change in perspective and reform of programs in the energy sector are required. The government can also provide energy subsidies and compensation to poor and vulnerable populations.","PeriodicalId":30831,"journal":{"name":"Economics Development Analysis Journal","volume":"17 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140510735","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Macroeconomic, Institutional, and Energy Consumption on Economic Growth APEC Members 宏观经济、体制和能源消耗对经济增长的影响亚太经合组织成员

Economics Development Analysis Journal Pub Date : 2024-01-01 DOI: 10.15294/edaj.v12i4.74961

Sarjiyanto Sarjiyanto, Latifah Romadhoni

{"title":"Macroeconomic, Institutional, and Energy Consumption on Economic Growth APEC Members","authors":"Sarjiyanto Sarjiyanto, Latifah Romadhoni","doi":"10.15294/edaj.v12i4.74961","DOIUrl":"https://doi.org/10.15294/edaj.v12i4.74961","url":null,"abstract":"Economic growth is a shared goal pursued by every country across various regions worldwide, including the member nations within the APEC organization. However, APEC member countries still encounter several economic challenges to achieve optimal economic growth. First, macroeconomic issues such as regulatory barriers limit both FDI inflows and trade. Furthermore, unemployment remains an unresolved issue. Second, based on the World Bank's average estimates, most APEC countries exhibit low institutional quality. This is due to corruption, weak law enforcement, and lack of government transparency. Third, there is the issue of limited energy supply and increased carbon emissions due to non-renewable energy consumption. This research aims to determine the influence of macroeconomics, institutional quality, and renewable energy consumption on the economic growth of APEC member countries. The analysis method for this research is PVECM regression. The data used is panel data from 2005-2019. The research results show that the variables FDI, Trade, Labor, REC, and IQ have long and short-term influences on the economic growth of APEC countries. Suggestions that can be given are to improve the quality of APEC country institutions because, as seen from the average indicator estimates by the World Bank, Most APEC countries have low institutional quality. This improvement is needed to make policies more effective and efficient. Each country is also expected to increase the amount of renewable energy consumption.","PeriodicalId":30831,"journal":{"name":"Economics Development Analysis Journal","volume":" 13","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139393299","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The Role of Green Budgeting on Environmental Quality on Indonesia 绿色预算对印尼环境质量的作用

Economics Development Analysis Journal Pub Date : 2023-06-06 DOI: 10.15294/edaj.v12i2.68929

D. M. Nihayah, Rini Diastuti

{"title":"The Role of Green Budgeting on Environmental Quality on Indonesia","authors":"D. M. Nihayah, Rini Diastuti","doi":"10.15294/edaj.v12i2.68929","DOIUrl":"https://doi.org/10.15294/edaj.v12i2.68929","url":null,"abstract":"Law Number 32 of 2009 requires Regional Governments to allocate an adequate environmental protection and management budget. However, the allocation of green budgeting is less than 1% of the Regional Revenue and Expenditure Budget. This study aims to determine the effect of green budgeting, Human Development Index (HDI), Foreign Direct Investment (FDI), and population density on environmental quality in Indonesia from 2011-2020. The research method used is descriptive quantitative with panel data regression analysis techniques. Data were taken from 34 provinces in Indonesia from 2011 – 2020. The research variables are Environmental Quality, Green Budgeting, Human Development Index, Foreign Direct Investment, and Population Density. The data were obtained from the Central Agency of Statistics and the Ministry of Environment and Forestry Republic Indonesia using literature study data collection techniques. The data was processed using the Eviews 9.0 analysis tool, with the Fixed Effects Model as the best model. The finding shows that green budgeting has a positive but insignificant effect, Human Development Index (HDI) has a significant positive effect. In contrast, Foreign Direct Investment (FDI) and population density significantly negatively affect environmental quality in Indonesia.","PeriodicalId":30831,"journal":{"name":"Economics Development Analysis Journal","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-06-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44373023","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Estimation and Analysis of Food Demand Patterns in North Kalimantan 北加里曼丹粮食需求模式的估算与分析

Economics Development Analysis Journal Pub Date : 2023-06-01 DOI: 10.15294/edaj.v12i2.66472

Bayu Kharisma, Fadlan Fadlan

{"title":"Estimation and Analysis of Food Demand Patterns in North Kalimantan","authors":"Bayu Kharisma, Fadlan Fadlan","doi":"10.15294/edaj.v12i2.66472","DOIUrl":"https://doi.org/10.15294/edaj.v12i2.66472","url":null,"abstract":"North Kalimantan Province is in the top five provinces with Indonesia's highest percentage of food-insecure populations in 2018. Meanwhile, of the five provinces, only North Kalimantan Province has the status of a newly expanded province. As a province that is still relatively new, this is a challenge for the local government to ensure the availability of food for its people. Therefore, this research aims to analyze the factors that influence patterns and changes in food consumption due to prices, income, and socio-demographic characteristics of households in North Kalimantan Province. This study uses A Linear Approximated Almost Ideal Demand System (LA/AIDS) for 13 food commodity groups using Susenas data in 2018. The results show that the prices of each commodity group and other commodities significantly influence the proportion of food expenditure. In addition, the number of household members, household residences, and head of household education substantially affects the pattern of household food consumption. Price elasticity provides a positive value for 11 commodity groups, and only two commodities are negative, namely vegetables and fruits, while cross elasticity is quite varied. The policy implications that the government can carry out are to ensure food availability by using this research information to create work programs and strategic policies to ensure the fulfillment of food needs","PeriodicalId":30831,"journal":{"name":"Economics Development Analysis Journal","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43995315","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

International Trade Price Index: A Leading Indicator for Indonesia's Inflation? 国际贸易价格指数:印尼通胀的领先指标?

Economics Development Analysis Journal Pub Date : 2023-05-24 DOI: 10.15294/edaj.v12i2.63088

W. Kurniawan, K. Kadir

{"title":"International Trade Price Index: A Leading Indicator for Indonesia's Inflation?","authors":"W. Kurniawan, K. Kadir","doi":"10.15294/edaj.v12i2.63088","DOIUrl":"https://doi.org/10.15294/edaj.v12i2.63088","url":null,"abstract":"As one of essential indicators in economy, inflation rate can be determined by several factors. One of these factors is price index other than CPI, representing price change, other at consumer level. Many studies have examined the effect of price indices such as Producer Price Index (PPI) and Wholesale Price Index (WPI) on inflation, including in Indonesia. However, in an open economy, the level of openness, which can be approximated by International Trade Price Index (IHPI), may also influence changes in inflation. In Indonesia, no studies still examine the nexus between ITPI and inflationThis study aims to examine the effect of price indices variables other than at consumer level, particularly ITPI, on inflation and whether we can use it as one of the leading indicators of inflation in Indonesia. The analysis results of the ARDL-ECM model show that all price indices variables simultaneously influence inflation. However, the effect of each variable partially on inflation in the short and long run varies. The speed of adjustment to return to equilibrium is 4.67% per month after the shock happened. Nevertheless, the effect of ITPI on inflation is insignificant, both in the short and long run. Thus, we can conclude that ITPI is not yet able to be a leading indicator of inflation in Indonesia. However, the result of this study must be carefully concluded since the use of time series analysis depends on the lag length and the number of observations included.","PeriodicalId":30831,"journal":{"name":"Economics Development Analysis Journal","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45477419","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0