Theresya Jeini Astanto, S. Suyanto, Henrycus Winarto Santoso, Ruhul Salim
{"title":"Technical Inefficiency in Nine Clusters of Indonesian Manufacturing Firms And its Determinants: Stochastic Frontier Analysis","authors":"Theresya Jeini Astanto, S. Suyanto, Henrycus Winarto Santoso, Ruhul Salim","doi":"10.23917/jep.v23i2.18113","DOIUrl":"https://doi.org/10.23917/jep.v23i2.18113","url":null,"abstract":"The current study examines the technical inefficiency of Indonesian manufacturing firms and its key determinants. Extending the previous research that mainly focuses on firms in a specific industry, the current study groups firms into nine industrial clusters and estimates them separately to find a variety of results among the clusters. The stochastic frontier analysis (SFA) method is applied to estimate the inefficiency score and the key determinants of 5,848 firms for five years (29,240 total observations). Data period ended in 2014 due to the substantial change in the classification code of the manufacturing industry in the survey by the Indonesian Central Board of Statistics. Five notable findings are recorded. First, the average efficiency score of all observed firms is 0.8815. Second, firm size is found to have a negative effect on inefficiency in the sample of all firms and three out of nine clusters (ISIC 34, ISIC 35, and ISIC 37). Third, foreign ownership generates a negative contribution to firms’ technical inefficiency in both the sample of all firms and the sample of each nine industrial clusters. Fourth, export orientation has various effects on firms across nine industrial clusters, with a dominant significant negative impact in paper and paper product industry (ISIC 34) and metal product industry (ISIC 38). Finally, import intensity provides a significant negative impact on firms in most industrial clusters. These findings support the argument on the importance of absorption capacity and unique firm characteristics in analyzing the impact of key determinants of technical inefficiency.","PeriodicalId":30940,"journal":{"name":"Jurnal Ekonomi Pembangunan Kajian Masalah Ekonomi dan Pembangunan","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42628070","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":"Business Capital Funding Through the Financial Sector to Reduce Unemployment in Indonesia","authors":"B. Kusuma, Ainnatul Muthmainnah","doi":"10.23917/jep.v23i2.18157","DOIUrl":"https://doi.org/10.23917/jep.v23i2.18157","url":null,"abstract":"This research aimed to study the role of the financial sector and foreign investment in increasing domestic production output. Where the increase in production output will increase the factors of production, one of which is labor. The data used in this study are annual time series data from the 2004 to 2021, and this study employed the Error Correction Model (ECM) approach to estimate the short-term effect and OLS to determine the long-term effect. The results showed that funding growth through the financial sector to the industrial sector in Indonesia has grown consistently since 2004 which has continued to encourage improved economic performance after the 1998 crisis. There is also a relationship between financial variables and fiscal policy on unemployment in both the short and long term. There are several ways to deal with unemployment both in the long term and in the short term, such as when an economic slowdown occurs. By increasing FDI, bank credit and funding in the the capital market, the private sector can continue to expand its business. This private expansion phase will increase the output of goods or services. With the increase in production output, employment will continue to be positive.","PeriodicalId":30940,"journal":{"name":"Jurnal Ekonomi Pembangunan Kajian Masalah Ekonomi dan Pembangunan","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42671674","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 Nexus Between Health and Economic Growth: Empirical Evidence from Indonesia","authors":"M. Yusuf, A. B. Setiawan","doi":"10.23917/jep.v23i2.20018","DOIUrl":"https://doi.org/10.23917/jep.v23i2.20018","url":null,"abstract":"The controversial debate about the relationship between health and economic growth nexus has become one of the most contentious issues in the last two decades of scientific development. The inconsistency of research results that occur makes this hypothesis very interesting to study, especially in developing countries such as Indonesia. This study aims to determine the relationship between health variables such as healthcare expenditure, human development index, life expectancy, and mortality on economic growth with the Indonesian case study as the object of analysis. This study uses secondary data from Indonesia in the period 1985-2021 using the Engle-Granger Error Correction Model and Granger Causality. Based on the estimation of the Engle-Granger Error Correction Model, both in the long term and in the short term, all health variables have a significant influence on economic growth. To prove the causal relationship between health variables and economic growth, a causality granger analysis was used, it was found that healthcare expenditure had a causal (bidirectional) relationship with economic growth. Another causal relationship is also found in the human development index, the rest there is a unidirectional relationship between mortality and economic growth. This finding proved that health plays a crucial role on economic growth. Therefore, the government must be able to take several policies to improve the quality of public health including: prioritize development budget allocations for health infrastructure, implementing cash-transfer and health subsidies program to reduce cost-barriers that limiting healthcare access of poor people.","PeriodicalId":30940,"journal":{"name":"Jurnal Ekonomi Pembangunan Kajian Masalah Ekonomi dan Pembangunan","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47742344","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":"Internet Use and Agricultural Household Food Insecurity in Indonesia","authors":"Dela Maria Ardianti, D. Hartono","doi":"10.23917/jep.v23i2.18077","DOIUrl":"https://doi.org/10.23917/jep.v23i2.18077","url":null,"abstract":"Food is an essential aspect of human life, but there are still households that experienced food insecurity. It caused a major challenge for policymakers to reduce food insecurity, especially at a household level. This study aims to analyze the association between internet use and food insecurity of agricultural households in Indonesia. This study uses the National Socio Economic Survey or Survei Sosial Ekonomi Nasional (Susenas) 2018 data. The food insecurity variable is measured by using the food insecurity experience scale (FIES) and internet use is a binary variable. Estimation of the impact of internet use on food insecurity uses Ordinary Least Square (OLS) regression. The result of this study indicates that internet use has a negative effect on agricultural household food insecurity. It means that internet use can reduce food insecurity in agricultural households. The policy implication directed to the government can improve the quality of internet infrastructure and improve content as positive information for the user, especially in the agricultural sector.","PeriodicalId":30940,"journal":{"name":"Jurnal Ekonomi Pembangunan Kajian Masalah Ekonomi dan Pembangunan","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42482740","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 Impact of a Cashless Payment System on Inflation","authors":"Muslikhati Muslikhati, Fitrian Aprilianto","doi":"10.22219/jep.v21i02.20885","DOIUrl":"https://doi.org/10.22219/jep.v21i02.20885","url":null,"abstract":"The rise of transactions without using money or what is commonly referred to as cashless transactions. Cashless transactions have several advantages, namely, functional, effortless, and quick. In addition, cashless transactions get an impact on monetary policy in Indonesia. The convenience obtained when conducting cashless transactions results in the acceleration of the velocity of money. Although the number of cash transactions in the community has decreased, the rate of money creates a high intensity with the use of cashless transactions. If the power of money circulation is high, it is feared that it will cause inflationary effects. This study aims to determine the impact of the cashless payment system on inflation. A quantitative approach was used in this study with secondary data which in the source obtained through documentation techniques obtained from Bank Indonesia (BI) and the Central Statistics Agency (BPS). from January 2009 until December 2020. The analysis technique uses multiple linear regression analysis. The results showed that the electronic-money variables had a significant negative effect, the debit card variables had a significant positive impact, the credit card variables had an insignificant negative effect, and the interest rate variables had a significant positive impact.","PeriodicalId":30940,"journal":{"name":"Jurnal Ekonomi Pembangunan Kajian Masalah Ekonomi dan Pembangunan","volume":"126 3 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84002820","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}
Desy Wasani, Nucke Widowati, Kusumo Projo, Bps Provinsi, Sulawesi Selatan, Politeknik Statistika, Stis, Article Info
{"title":"The Impact of Fuel Prices Increasing on Inflation in South Sulawesi using Pulse Function Intervention Analysis","authors":"Desy Wasani, Nucke Widowati, Kusumo Projo, Bps Provinsi, Sulawesi Selatan, Politeknik Statistika, Stis, Article Info","doi":"10.22219/jep.v21i02.23202","DOIUrl":"https://doi.org/10.22219/jep.v21i02.23202","url":null,"abstract":"South Sulawesi Province is considered capable of controlling inflation, as seen from its not very large volatility. However, this does not mean that the increase in fuel prices does not impact inflation in South Sulawesi. This study aims to obtain the best model to analyze the impact of rising fuel prices on inflation in South Sulawesi using Pulse Function Intervention Analysis and to find out how significant the impact of rising fuel prices on inflation in South Sulawesi is. The data in this study were obtained from the Central Statistics Agency (BPS) of South Sulawesi Province, namely the monthly inflation of South Sulawesi Province for the period January 2014 – September 2022, with a total of 105 observations. The best model in this study is the MA ([12]) bbm1, bbm5, and bbm6 models with AIC 104.09. Statistical test results show that 3 of 6 times increases in fuel prices since 2014 still influence the rising inflation, namely in November 2014, April 2022, and September 2022. The increase in fuel prices in 2014 impacted rising inflation by 1.97 percent, while in 2022, it increased inflation by 0.92 and 0.99 percent.","PeriodicalId":30940,"journal":{"name":"Jurnal Ekonomi Pembangunan Kajian Masalah Ekonomi dan Pembangunan","volume":"39 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90940948","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":"Analysis of the Effect of the Gini Ratio, Percentage of Poor Population, GRDP, HDI, and Average Per Capita Expenditures on Development Inclusivity Index in Java Island","authors":"Muftiyatul Azizah, Article Info","doi":"10.22219/jep.v21i02.20306","DOIUrl":"https://doi.org/10.22219/jep.v21i02.20306","url":null,"abstract":"This study aimed to analyze whether the Gini ratio, the percentage of poor people, Gross Regional Domestic Product (GDP), Human Development Index (IPM), and average per capita expenditure affect the inclusiveness index of development in Java Island. The method used is panel data regression, namely choosing the best model between the fixed effect model, random effect model, and common effect model and using the classic assumption test. This research is quantitative. The data used in this study are data obtained from BPS and Bappenas from 2014 to 2020. The results show that the factor that has a significant effect on the development inclusiveness index is the Gini ratio with a significance value of 0.0225, the percentage of poor people with a significance value of 0.0015, and Gross Regional Domestic Product (GRDP) with a significance value of 0.0174. Meanwhile, the Human Development Index (IPM) and per capita expenditure have no significant effect on the development inclusiveness index in Java.","PeriodicalId":30940,"journal":{"name":"Jurnal Ekonomi Pembangunan Kajian Masalah Ekonomi dan Pembangunan","volume":"21 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79119763","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}
Erika Novendira Purnamasari, I. Zuhroh, E. Kurniawati
{"title":"Determinant of Trade Balance: Empirical Study in ASEAN 5 Countries","authors":"Erika Novendira Purnamasari, I. Zuhroh, E. Kurniawati","doi":"10.22219/jep.v21i02.22713","DOIUrl":"https://doi.org/10.22219/jep.v21i02.22713","url":null,"abstract":"International trade is a form of partnership and global activity of a country with other countries, traded from exports and imports. International trade activity is recorded in the trade balance for a certain period based on the value of the prevailing currency. It is one of the benchmarks for the success of an economy. This study examines the relationship between fundamental macroeconomic variables consisting of inflation, interest rates, imports, exchange rates, and GDP, which affect the trade balance performance in ASEAN-5 (Indonesia, Malaysia, Philippines, Singapore, and Thailand). The analytical method used is a regression with panel data from 2000-2019 with research objects from ASEAN-5 countries. The results of the analysis found that interest rates and imports had a significant adverse effect on the trade balance in ASEAN-5. GDP and exchange rates significantly positively affect the trade balance of ASEAN-5 countries. On the other hand, inflation has a negative effect but does not significantly affect the trade balance in ASEAN-5 countries.","PeriodicalId":30940,"journal":{"name":"Jurnal Ekonomi Pembangunan Kajian Masalah Ekonomi dan Pembangunan","volume":"97 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73732928","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":"Measuring Spatial Disparity in East Java: A Convergence Analysis","authors":"R. K. Sakti, Aura Vedareni Maudita","doi":"10.23917/jep.v23i2.15452","DOIUrl":"https://doi.org/10.23917/jep.v23i2.15452","url":null,"abstract":"The development paradigm of development continues to evolve, not only focusing on growth, but also on equity. This study aims to analyze the spatial inequality of economic growth in the districts/ cities of East Java in 2016-2020 using convergence analysis. We use GDP per capita in the t-1 period, the industrial agglomeration index, regional investment, education index, health index, and capital expenditure to determine the magnitude of their influence on the creation of convergence or divergence on growth. economy in East Java. Based on the absolute and conditional convergence analysis that has been carried out, it can be seen if economic growth in 2016-2020 experiences spatial divergence or inequality. The industrial concentration index variable has a significant and negative effect on the formation of spatial inequality in East Java, this means that industrial concentration reduces the growth rate and contributes to the formation of spatial inequality in East Java. In addition, the variables of investment, education index, health index, and capital expenditure alone do not have a significant influence on the formation of spatial inequality in East Java.","PeriodicalId":30940,"journal":{"name":"Jurnal Ekonomi Pembangunan Kajian Masalah Ekonomi dan Pembangunan","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45289163","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}
Rindang Nuri Isnaini Nugrohowati, Muhammad Hamdan Syafieq Bin Ahmad, Faaza Fakhrunnas
{"title":"Investigating The Determinants of Islamic Bank’s Profitability: A Cross Countries Analysis","authors":"Rindang Nuri Isnaini Nugrohowati, Muhammad Hamdan Syafieq Bin Ahmad, Faaza Fakhrunnas","doi":"10.23917/jep.v23i2.20409","DOIUrl":"https://doi.org/10.23917/jep.v23i2.20409","url":null,"abstract":"The measurement of bank profitability has an essential role in the banking sector’s success and is an indicator for predicting financial distress. This study aims to look at the determinants of the profitability of Islamic banks by including the bank’s internal and macroeconomic variables. The study focuses on Islamic banking in 10 countries with the most prominent Islamic finance sector during the 4th quarterly data period from 2016 to the 4th quarter of 2021. The data analysis method in this study uses panel data fixed effect model analysis. The results showed that the bank’s internal variables, namely bank size, capital adequacy, liquidity, and banking stability, are important factors that affect profitability. Interesting findings show that increased financial inclusion variables and labor productivity can encourage high profitability growth. Meanwhile, GDP and inflation also affect banking performance from the macro sector. The study implies that Islamic bank needs to manage the internal financial condition properly to achieve and maintain the performance. In addition, to increase the performance the bank needs to heighten the human resources capacity while the financial authorities are required to issue the policies to support the development of Islamic banks.","PeriodicalId":30940,"journal":{"name":"Jurnal Ekonomi Pembangunan Kajian Masalah Ekonomi dan Pembangunan","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48052493","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}