Dominikus Leonardo, M. Maulana, Justin Hartanto, Leonardo, Maulana Hartanto
{"title":"Impact of Economic Growth and FDI on Indonesia Environmental Degradation: EKC and Pollution Hypothesis Testing","authors":"Dominikus Leonardo, M. Maulana, Justin Hartanto, Leonardo, Maulana Hartanto","doi":"10.22219/jep.v21i01.24294","DOIUrl":"https://doi.org/10.22219/jep.v21i01.24294","url":null,"abstract":"This study examines the impact of economic growth and FDI on environmental degradation in Indonesia through a two-hypotheses model. Environmental degradation is a crucial matter that needs attention and is often associated with economic growth and the FDI required by developing countries. Based on the externality theory, this study uses the EKC hypothesis, followed by pollution haven vs. pollution halo. With time series data from 1980–2021, two hypothesis models were estimated using the error correction method. This study's results support the EKC and pollution haven hypotheses. First, for the EKC hypothesis model, this study found that economic growth at an early stage increases environmental degradation, but economic growth beyond the turning point would reduce ecological degradation. Besides testing the EKC hypothesis, renewable energy consumption can reduce environmental degradation caused by carbon emissions. Second, for the pollution hypothesis model, it's been found that increased FDI can increase ecological degradation, thereby supporting a pollution haven. This research suggests that policymakers should require foreign investors to apply the green economy concept supported by a green taxonomy and then provide fiscal incentives to those who do so.","PeriodicalId":30940,"journal":{"name":"Jurnal Ekonomi Pembangunan Kajian Masalah Ekonomi dan Pembangunan","volume":"13 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88723900","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}
Duwi Yunitasari, Ahmad Fauzan, Fajar Wahyu Prianto
{"title":"Spatial Analysis on Determinant Reducing Regional Disparity in Java","authors":"Duwi Yunitasari, Ahmad Fauzan, Fajar Wahyu Prianto","doi":"10.23917/jep.v24i1.18532","DOIUrl":"https://doi.org/10.23917/jep.v24i1.18532","url":null,"abstract":"","PeriodicalId":30940,"journal":{"name":"Jurnal Ekonomi Pembangunan Kajian Masalah Ekonomi dan Pembangunan","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47508669","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}
Mahrus Lutfi Adi Kurniawan, U. Khasanah, S. Baharudin
{"title":"Determinant of Property Price Through The Monetary Variables: An ARDL Approach","authors":"Mahrus Lutfi Adi Kurniawan, U. Khasanah, S. Baharudin","doi":"10.23917/jep.v24i1.20588","DOIUrl":"https://doi.org/10.23917/jep.v24i1.20588","url":null,"abstract":"The 2008 financial crisis demonstrates that studies on property price volatility are important because it impacts domestic economic conditions. This study identifies the volatility of property prices through monetary variables. This current study employs the ARDL method to determine the effect of monetary variables in the short and long term. The study results show that GDP as a proxy for income negatively affects residential property prices in Indonesia, and inflation positively affects property prices. There is a difference in the effect of domestic interest rates on property prices where there is a direct effect on domestic interest rates followed by the COVID-19 crisis. Meanwhile, foreign interest rates have a negative effect in the short term and a positive effect in the long term. This study implies that strong monetary operation through interest rates can maintain public expectations of prices, especially property prices.","PeriodicalId":30940,"journal":{"name":"Jurnal Ekonomi Pembangunan Kajian Masalah Ekonomi dan Pembangunan","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45521362","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":"Pandemic Shock and Economic Variables Responses in ASEAN Countries Using Panel Vector Autoregressive Model","authors":"Nora Ria Retnasih, Yulia Maris Herdianti","doi":"10.23917/jep.v24i1.19850","DOIUrl":"https://doi.org/10.23917/jep.v24i1.19850","url":null,"abstract":"This quantitative research aims to measure the factors that affect the economy in 10 ASEAN countries in 2014-2020. The method used is panel vector autoregressive (PVAR). The results of the research were divided into several tests. First, the causality test shows that GDP has an effect on inflation and money supply with a one-way causality. Second, the PVAR test shows that the money supply has a significant effect on inflation and unemployment rate at lags 1 and 2. The follow-up test, namely IRF, shows that the shocks of GDP responded by all economic variables are greater than shocks to other variables. While the results of the VD test show that GDP is the largest contributor to the variation in the value of all economic variables studied, both in the short and long term.","PeriodicalId":30940,"journal":{"name":"Jurnal Ekonomi Pembangunan Kajian Masalah Ekonomi dan Pembangunan","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44496768","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}
Sang Aji Kharismarizky Susilo, B. Hayati, A. Pujiati
{"title":"The Linkage Between Economic Growth, Education and Health: Empirical Study in Java Island","authors":"Sang Aji Kharismarizky Susilo, B. Hayati, A. Pujiati","doi":"10.23917/jep.v24i1.20194","DOIUrl":"https://doi.org/10.23917/jep.v24i1.20194","url":null,"abstract":"Java Island accounts for more than half of Indonesia’s gross domestic product (GDP), hence it is where the majority of economic activities are concentrated, even though mostly of those major contributions are from certain cities. However, the quality of education and health shown by average years of schooling and life expectancy at birth in Java Island is unevenly distributed when compared with economic growth. This research aims to analyze the causalities and effects of economic growth, education, and health using simultaneous equations models on panel data that consists of 34 cities in Java Island spanning from 2015 to 2019, which are decomposed into three income classifications. Results indicate positive and significant effect from education toward economic growth on every income level. Health instead only brings positive and significant effect toward economic growth in high-income cities. Economic growth affects education positively in upper-middle and lower-middle income cities, and affects health positively only in upper-middle income. Ultimately, the relationship between education and health shows that they have positive and significant effects on each other and are consistent across all income groups.","PeriodicalId":30940,"journal":{"name":"Jurnal Ekonomi Pembangunan Kajian Masalah Ekonomi dan Pembangunan","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-06-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42708268","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":"Exploring The Forecasting Inflation in Kota Palu: An Application of the ARIMA Model","authors":"Muhammad Syahrul Mubarak","doi":"10.22219/jep.v21i01.25919","DOIUrl":"https://doi.org/10.22219/jep.v21i01.25919","url":null,"abstract":"Inflation is an economic phenomenon that significantly impacts financial stability and the welfare of society. The movement of inflation in Kota Palu is challenging to explain using economic theories, as there are factors that are difficult to incorporate into models, such as the COVID-19 pandemic throughout 2020 to 2022, which impacted transportation, housing, and other services components. However, accurately predicting inflation rates remains a complex challenge. The objective of this study is to forecast the inflation movement for the year 2023. The data used in this analysis is the Consumer Price Index (CPI) of Kota Palu from January 2017 to March 2023, with 74 observations. ARIMA model with an Autoregressive (AR) model with lags six and nine was employed. The results of this study show that for the forecasted CPI or inflation from April 2023 to December 2023, the predicted CPI and inflation values closely approximate the actual CPI and inflation values. Therefore, the analysis can be considered accurate in predicting inflation movements.","PeriodicalId":30940,"journal":{"name":"Jurnal Ekonomi Pembangunan Kajian Masalah Ekonomi dan Pembangunan","volume":"56 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-06-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77344429","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":"Factors Predicting Fertility Rate in Indonesia","authors":"Yusni Maulida, Harlen Harlen, Delfi Ranta Sari, Tehubijuluw Zacharias","doi":"10.23917/jep.v24i1.20076","DOIUrl":"https://doi.org/10.23917/jep.v24i1.20076","url":null,"abstract":"The highly competitive environment of the nowadays modern world brought about survival challenges. Hence, individuals all over the globe are striving for a quality life with the fulfillment of their basic needs. Simultaneously, the population plays an important role in determining the distribution of resources and quality of life in a particular area. At the same time, the fertility rate is an important element of the world’s population. Hence, this study aims to analyze the effect of women's education, women's participation in the labor market, income, and mortality on the fertility rate in Indonesia. Multiple regression analysis methods with Error Correction Model (ECM) analysis technique were applied. Based on the result of the research conducted, women's education, participation in the labor market, income, and mortality rates together significantly affect fertility in Indonesia in the long term. However, the results were insignificant in the short term. Moreover, based on the long-term results of the data, it is suggested that in fertility control, these factors need to be included in developing nations.","PeriodicalId":30940,"journal":{"name":"Jurnal Ekonomi Pembangunan Kajian Masalah Ekonomi dan Pembangunan","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44562163","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":"Pengaruh Pengeluaran Pemerintah Bidang Pendidikan, Pertumbuhan Ekonomi Dan Kemiskinan Terhadap APM (Angka Partisipasi Murni) di Indonesia","authors":"Devliana Aurellin, Sri ulfa Sentosa","doi":"10.24036/jkep.v5i2.14863","DOIUrl":"https://doi.org/10.24036/jkep.v5i2.14863","url":null,"abstract":"This study aims to determine the effect of government spending on education, per capita income and poverty on net enrollment rates in Indonesia. This research is descriptive and associative. The data used is secondary data from 33 provinces in Indonesia in 2014-2021 obtained from related agencies. This study uses panel data regression with the Random Effects Model approach assisted by Eviews 9 software. The variables used are high school enrollment rates (Y), government spending on education (X1), per capita income (X2), poverty (X3). The results of the study show that (1) government spending on education has a positive and significant effect on net enrollment rates at the high school level in Indonesia (2) per capita income has a positive and significant effect on net enrollment rates at the high school level in Indonesia (3) Poverty as a measure of the percentage of poor people has a negative and significant effect on net enrollment rates for secondary schools in Indonesia","PeriodicalId":30940,"journal":{"name":"Jurnal Ekonomi Pembangunan Kajian Masalah Ekonomi dan Pembangunan","volume":"15 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78299973","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":"Analisis Faktor-Faktor yang Mempengaruhi Utang Luar Negeri dan Pertumbuhan Ekonomi di Indonesia","authors":"Elsi Maryani, Zul Azhar, Isra Yeni","doi":"10.24036/jkep.v5i2.14854","DOIUrl":"https://doi.org/10.24036/jkep.v5i2.14854","url":null,"abstract":"This study aims to analyze the influence of the budget deficit, and inflation on Indonesia's foreign debt and analyze the influence of inflation, foreign direct investment and foreign debt on economic growth in Indonesia.This research is classified into descriptive and inductive research. Using annual time series data from 1986-2020. The analytical model used in this study uses a multiple linear equation analysis model using the Ordinary Least Square (OLS) method and simultaneous equation analysis using the Indirect Least Square (ILS) method.The results show that there is a positive and significant effect of the budget deficit variable and there is a negative and significant influence of the inflation variable on Indonesia's foreign debt for the period 1986-2020, and there is a negative and significant influence of the inflation and foreign debt variable on economic growth in Indonesia, while the variable Foreign direct investment has a positive and insignificant effect on economic growth in Indonesia for the period 1986-2020.Based on the results of this study, it is recommended that the government make policies that can reduce the level of foreign debt and the government must carry out new strategies to increase economic growth.","PeriodicalId":30940,"journal":{"name":"Jurnal Ekonomi Pembangunan Kajian Masalah Ekonomi dan Pembangunan","volume":"6 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75835736","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":"Pengaruh Financial Deepening Terhadap Pertumbuhan Ekonomi di Indonesia","authors":"Valendio Allent Putra, M. Irfan","doi":"10.24036/jkep.v5i2.14852","DOIUrl":"https://doi.org/10.24036/jkep.v5i2.14852","url":null,"abstract":"The purpose of this study is to determine the effect of Fincial Deepening on Economic Growth in Indonesia. The independent variable in this study is Findepth or the ratio of total loans to Nominal GRDP (X1) and the dependent variable is Economic Growth (Y). In this study also used control variabel, Labor or labor Force Ratio to population (X2) and Govexp variable or Ratio of government expenditure to Nominal GRDP (X3). This research is a descriptive and associative study. The data analysis used in this research is secondary data, the kind of data is panel data from 33 provinces in Indonesia from 2010-2019, the data sourced from the Central Agency for Stastistik, Indonesian Banking Statistics and Website of the Ministry of Finance of the Republic of Indonesia. The data analysis used in this research is descriptive and inductive analysis. In the inductive analysis there are several test, namely (1) Chow Test; (2) Hausman Test; (3) Panel data regression estimation test (FEM); (4) classical assumption test; (5) T test and F test. Based on the research, the result of this study is: (1) Findepth has a positive and significant effect on economic growth; (2) Labor has positive and significant effect on economic growth; (3) Govexp has a positive and significant effect on economic growth.","PeriodicalId":30940,"journal":{"name":"Jurnal Ekonomi Pembangunan Kajian Masalah Ekonomi dan Pembangunan","volume":"58 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73670073","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}