Ilmi Marina, A. Satrianto, Article Info, Marina Satrianto
{"title":"Analysis of Government Expenditure Response, Foreign Direct Investment, Human Development Index and Inclusive Economic Growth in Indonesia","authors":"Ilmi Marina, A. Satrianto, Article Info, Marina Satrianto","doi":"10.22219/jep.v21i01.25932","DOIUrl":"https://doi.org/10.22219/jep.v21i01.25932","url":null,"abstract":"This study aims to analyze the response to shocks that occur between the variables Government Expenditure, Foreign Investment, Human Development Index, and Inclusive Economic Growth. This type of research is descriptive and inductive. The data used are panel data for 34 provinces in Indonesia from 2012-2020, data obtained from related agencies. The analysis method used is the Panel Vector Error Correction Model (PVECM). The results of this study show that: (1) The response to government expenditure in the education function due to the shock of inclusive economic growth is positive, (2) The response to government expenditure in the health function due to the shock of inclusive economic growth is positive (3) The response to government expenditure in the economic function due to the shock of inclusive economic growth is negative (4) The response of foreign investment due to the shock of inclusive economic growth is negative (5) The response of the human development index due to the presence of Shock of Inclusive Economic Growth Is Positive.","PeriodicalId":30940,"journal":{"name":"Jurnal Ekonomi Pembangunan Kajian Masalah Ekonomi dan Pembangunan","volume":"357 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-08-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87475921","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}
Nur Azizah Arianggi Suryaatmaja, Iqram Ramadhan Jamil, Ananda Sintia Putri
{"title":"Determining Leading Industries in Optimizing Downstream Potential of North Sumatra Province: an Input-Output Approach","authors":"Nur Azizah Arianggi Suryaatmaja, Iqram Ramadhan Jamil, Ananda Sintia Putri","doi":"10.22219/jep.v21i01.25631","DOIUrl":"https://doi.org/10.22219/jep.v21i01.25631","url":null,"abstract":"The economic condition of North Sumatra province due to the COVID-19 pandemic has weakened, especially on the supply side, by a negative growth rate in the productivity of the business sector. Industrial downstream could boost economic recovery and inclusive development by creating solid domestic relations with supporting regional industries and increasing high-value-added exports. This study aims to identify priority sectors and analyze the impact of these priority sectors on the manufacturing industry in North Sumatra based on linkage analysis using data during the economic recovery. The data from the I-O table of North Sumatra province in 2016 was sourced from the Central Statistics Agency (BPS) and covered 50 economic sectors. In addition, this study also used data on the GRDP of North Sumatra in 2021. This study applied the RAS Method to determine the value of the technical coefficient matrix of the input-output table in 2021. Then, this study also calculated the value of forward and backward linkages, output multiplier, value-added multiplier, and inoperability. The results revealed three priority sectors in North Sumatra, the Food and Beverage industry; the Base Metal industry; and the Paper and Paper Goods industry, Printing and Reproduction of Recording Media. The study recommends that the government encourage the acceleration of infrastructure by providing financial and policy support to these leading sectors and facilitating distribution channels so that industrial downstream runs optimally to the overall economy.","PeriodicalId":30940,"journal":{"name":"Jurnal Ekonomi Pembangunan Kajian Masalah Ekonomi dan Pembangunan","volume":"4 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86678704","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}
{"title":"The Effects of Innovation, IT Advancement, GDP, and Inflation on Unemployment in OIC Countries 2013-2021","authors":"Rizka Putri Pranandari, Taosige Wau, Article Info","doi":"10.22219/jep.v21i01.24835","DOIUrl":"https://doi.org/10.22219/jep.v21i01.24835","url":null,"abstract":"Unemployment still becomes a major developmental challenge in some OIC member countries. Thus, employment determinants in those countries need to be investigated through empirical research. This study analyzes the influences of inflation, GDP, IT advancement, and innovation on unemployment in some OIC member countries. We use the purposive sampling method with criteria of countries with the past decade's average unemployment rate lower than 6%. We employ panel data from 20 countries fulfilling the requirements in 2013-2021. The panel data regression method with a fixed effect approach is used to analyze the influence of independent variables on the dependent variable. The results indicate that inflation and GDP significantly and negatively affect unemployment. On the other hand, innovation and ICT advancement have a negative but insignificant effect on the dependent variable. Regarding the results, we believe it is essential for the government as a policymaker to arrange appropriate regulations allowing industries to enhance their productivity to enlarge job opportunities and alleviate unemployment.","PeriodicalId":30940,"journal":{"name":"Jurnal Ekonomi Pembangunan Kajian Masalah Ekonomi dan Pembangunan","volume":"55 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88831418","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}
{"title":"The Effect Of Fiscal Decentralization On The Open Unemployment Rate In The Province Of DIY","authors":"M. Iqbal, Aenun Najiba","doi":"10.22219/jep.v21i01.20203","DOIUrl":"https://doi.org/10.22219/jep.v21i01.20203","url":null,"abstract":"This study aims to find empirical evidence on the effect of general allocation funds, special allocation funds, production sharing funds, and spending on goods and services on the open unemployment rate. The data used in this study is panel data, a combination of time series data (2012-2020), and cross-sectional data (5 regencies/cities in the Special Province of Yogyakarta). The results show that the Special Allocation Fund and Revenue Sharing Fund significantly positively affected the Open Unemployment Rate in the Special Region of Yogyakarta Province from 2012-2020.","PeriodicalId":30940,"journal":{"name":"Jurnal Ekonomi Pembangunan Kajian Masalah Ekonomi dan Pembangunan","volume":"69 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80177125","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}
Gabriella Deby Laura, Rahmania Nur Chasanah, Nafisatul Faridah, Fitri Kartiasih
{"title":"Assessing Fiscal Sustainability in Indonesia: Error Correction Mechanism Diagnostic","authors":"Gabriella Deby Laura, Rahmania Nur Chasanah, Nafisatul Faridah, Fitri Kartiasih","doi":"10.29259/jep.v21i1.19624","DOIUrl":"https://doi.org/10.29259/jep.v21i1.19624","url":null,"abstract":"Indonesia's debt is increasing and is not controlled properly, which will result in a fiscal budget deficit. This study aims to determine the condition of fiscal sustainability in Indonesia by looking at the factors that affect the debt-to-GDP ratio in 2012 Quarter I to 2022 Quarter II. Fiscal sustainability can be seen from the debt-to-GDP ratio proxy variable and the independent variables used are the previous quarter's debt ratio, economic growth, inflation, and the exchange rate. This research is a qualitative type with a brief descriptive about the state of the debt ratio and the variables that influence it and quantitatively using the Error Correction Mechanism (ECM) using statistical software called EViews. The results show that in the long term the debt-to-GDP ratio in Indonesia is significantly influenced by the previous quarter's debt ratio, economic growth, inflation, and the exchange rate. Meanwhile, in the short term, changes in the debt to GDP ratio are significantly influenced by changes in the debt ratio in the previous quarter, changes in economic growth, and changes in inflation.","PeriodicalId":30940,"journal":{"name":"Jurnal Ekonomi Pembangunan Kajian Masalah Ekonomi dan Pembangunan","volume":"73 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79648881","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}
{"title":"Concentration and Competition in the Pharmaceutical Sector in an Era of Challenges","authors":"Sunarmo Sunarmo, Elif Pardiansyah, Ani Asriyah","doi":"10.29259/jep.v21i1.20779","DOIUrl":"https://doi.org/10.29259/jep.v21i1.20779","url":null,"abstract":"In 2018, the Central Bureau of Statistics noted that the pharmaceutical industry grew 7.36 percent and slowed by 5.59 percent during the Covid-19 pandemic in 2020. Fluctuations in the growth of the pharmaceutical sector before and during the Covid-19 pandemic encouraged increased competition and concentration. This study examines the concentration and competition of pharmaceutical businesses listed on the Indonesia Stock Exchange from the first quarter of 2018 to the third quarter of 2020. The method used in this study is a quantitative approach with a concentration ratio model (CR) and the Hirschman-Herfindahl index (HHI). The calculation results show that the Kalbe Farma company controls over 65 percent of the market share, while 9 pharmaceutical companies contest the other 35 percent. KLBF is a company with the most sustainable competitive advantage compared to others; this can be seen from product differentiation, use of technology, and a superior market share of 65.39%. In addition, from the aspect of market competition, it shows that the pharmaceutical industry before and during the Covid-19 pandemic was in a tight oligopoly market with scores of 99.20 and 99.22. The results show the implications that pharmaceutical sector actors can carry out our policies related to competitive price competition. Another procedure is that companies must constantly observe and analyze the actions of other pharmaceutical companies in making business decisions.","PeriodicalId":30940,"journal":{"name":"Jurnal Ekonomi Pembangunan Kajian Masalah Ekonomi dan Pembangunan","volume":"70 4 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79304211","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}
{"title":"Identifying Factors Influencing Urbanization in Denpasar City","authors":"G. I. Diputra, I. M. R. M. Arsha","doi":"10.29259/jep.v21i1.19749","DOIUrl":"https://doi.org/10.29259/jep.v21i1.19749","url":null,"abstract":"Urbanization has both positive and negative impacts on an area. This study aims to analyze the relationship between GRDP, district minimum wages, and labor participation with urbanization in Denpasar City. The research method used is multiple linear regression analysis using GRDP data, district minimum wages and labor participation in 2010 - 2020 and processed with SPSS version 25.0 with a determined significance level of 95% (p <0.05). The results of the study show that the Gross Regional Domestic Product (GRDP), district minimum wages and labor participation affect urbanization partially and simultaneously with probability (p<0.05). Testing the level of correlation with the Adjusted R Square of 0.999 (99.9%) gross regional domestic product (GRDP), district minimum wages and labor participation have a very strong influence on urbanization in Denpasar City. Socio-economic disparities, inadequate infrastructure, low industrialization, low job availability, low wages, and inadequate social networks increase the desire for urbanization. The practical implication of this research is to increase economic growth and equity in controlled urbanization areas as a solution to accelerating economic development.","PeriodicalId":30940,"journal":{"name":"Jurnal Ekonomi Pembangunan Kajian Masalah Ekonomi dan Pembangunan","volume":"6 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82060198","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}
{"title":"Effect of International CPO Prices, Substitution Goods Prices, and Exchange Rates on Crude Palm Oil (CPO) Export Volume in Indonesia","authors":"Yanira Berthi Ayu Pradina, Dhian Adhitya","doi":"10.29259/jep.v21i1.19447","DOIUrl":"https://doi.org/10.29259/jep.v21i1.19447","url":null,"abstract":"This study aims to analyze the effect of international CPO prices, substitution goods prices, and exchange rates on CPO export volume in Indonesia in the long and short term. The type of research used is quantitative. The data used in this study used secondary data in the form of time series data from January 2014 to June 2022. The data was obtained from the websites of Bank Indonesia (BI), the Indonesian Central Statistics Agency (BPS), the Ministry of Trade and Economic Research. The analysis method used in this study is the Error Correction Model (ECM). The results of research that has been conducted where international CPO prices in the short and long term have a significant and positive influence on Indonesia's CPO export volume. Meanwhile, the price of substitution goods in the short and long term has a negative relationship with CPO Export Volume. Then the variable exchange rate in the long term and in the short term has a significant influence on the CPO Export Volume. For this reason, the government is that it can be used for information and input materials to improve CPO exports for the better in the future. This can be done in several ways to reduce export costs charged to producers so as to maximize international CPO prices in Indonesia. ","PeriodicalId":30940,"journal":{"name":"Jurnal Ekonomi Pembangunan Kajian Masalah Ekonomi dan Pembangunan","volume":"127 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85728509","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}
{"title":"Indonesian Stock Market Reaction: Effects of Uncertainty Policy Shocks in the United States and China","authors":"Rilmia Oktavian, A. Prasetyo","doi":"10.29259/jep.v21i1.20658","DOIUrl":"https://doi.org/10.29259/jep.v21i1.20658","url":null,"abstract":"The purpose of this study is to examine and analyze the effect of economic policy uncertainty US and China on the Indonesian stock market. The data uses time series, from January 2000-July 2022. The methods used are the Structural Vector Error Correction Model (SVECM). The results show that the uncertainty of the US and China's economic policies has a negative and significant effect on the Indonesian stock market. The response of Indonesian stock market responded negatively to the economic policy uncertainties of the US and China. The results of the study show that the uncertainty of the US and China's economic policies has a negative and significant effect on the Indonesian stock market. The response of Indonesian stock market responded negatively to the economic policy uncertainties of the United States and China. The results of the study show that the uncertainty of the US and China's economic policies has a negative and significant effect on the Indonesian stock market. Indonesian stock market responded negatively to the economic policy uncertainties of the United States and China.","PeriodicalId":30940,"journal":{"name":"Jurnal Ekonomi Pembangunan Kajian Masalah Ekonomi dan Pembangunan","volume":"103 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77846677","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}
{"title":"Does Economic Growth, Wage Rate, and Industrial Development Matter for Labor Absorption?","authors":"Dirta Pratama Atiyatna, Ichsan Hamidi, Trie Sartika Pratiwi, Hamira Hamira","doi":"10.29259/jep.v21i1.19172","DOIUrl":"https://doi.org/10.29259/jep.v21i1.19172","url":null,"abstract":"The dimensions of employment problems are not just limited field or job opportunities and low productivity but are much more serious with different causes. This study aims to determine the effect of the rate of economic growth, economic growth, minimum wages, and the number of industrial units on employment in South Sumatra Province. The data analysis method used in this study is a quantitative analysis method using panel data regression and usage. This research covers a broad scope, namely as many as 17 districts/cities in South Sumatra for 6 years (2014-2019). Based on the results of the analysis and discussion that has been carried out, it can be concluded that the districts/cities in South Sumatra Province in 2016-2019 had the highest employment by looking at the Random Effect Model (REM) labor estimation coefficient which shows that the highest employment is in Palembang City at 75,452,015. Meanwhile, the lowest value is in the Ogan Ilir district at 68,194,663.","PeriodicalId":30940,"journal":{"name":"Jurnal Ekonomi Pembangunan Kajian Masalah Ekonomi dan Pembangunan","volume":"41 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87699717","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}