Journal of Economic Resilience and Sustainable Development
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Greenjrah integration: From materialism to maslahah in sharia-compliant green investment among generation z Muslims
Get PDFBackground: Research on Islamic sustainable investing often examines religiosity, environmental concern, and financial self-control separately, leaving limited explanation of how value transformation among young Muslims becomes consistent sharia-compliant green investment behaviour and supports economic resilience. This paper develops GREENJRAH, an integrative pathway linking financial hijrah, green hijrah, and spiritual hijrah, within Indonesia’s Generation Z context. Methods: Using a descriptive qualitative, literature-based design, we synthesise interdisciplinary studies in Islamic behavioural finance, maqasid al-shariah and maslahah ethics, and environmental, social, and governance (ESG) investing to build a conceptual framework. Findings: Financial hijrah strengthens planning, budgeting, and sharia screening discipline; green hijrah increases ecological awareness and preference for responsible assets; spiritual hijrah anchors motives in tawhid, khalifah stewardship, and maqasid orientation, reducing short-termism and speculative impulses. Together, these dimensions can generate measurable behaviour change such as stronger intention to invest, greater allocation to sharia-compliant green instruments (e.g., green sukuk), longer holding horizons, and reduced trend-driven trading. These shifts may strengthen household financial buffers and help mobilise youth capital for low-carbon development. Conclusion: GREENJRAH provides guidance for regulators, Islamic financial institutions, and universities to connect youth spirituality with green finance action through literacy programs and product strategies. Novelty/Originality of this article: The study formulates an explicit tri-dimensional hijrah mechanism that integrates financial discipline, ecological responsibility, and maqasid-oriented spirituality to explain sharia-compliant green investment among Indonesian Generation Z Muslims
Impact of taxation policy changes on benefits in kind under the harmonization of tax regulations law: Implications for compliance and economic sustainability
Get PDFBackground: In 2021, the Indonesian government enacted the Harmonization of Tax Regulations Law/Harmonisasi Peraturan Perpajakan (HPP Law), which introduced several policy changes in taxation, including the taxation of benefits in kind. Benefits in kind, now subject to Income Tax, may lead to complexity regarding the application of value added tax (VAT) on benefits in kind used for personal consumption and gratuitous gifts. This study aims to analyze the changes in taxation policy on benefits in kind following the implementation of the HPP Law, particularly its impact on personal use and gratuitous gifts of benefits in kind already subject to VAT. Methods: This research employs a qualitative approach, collecting data through field studies involving in-depth interviews and literature reviews. The findings indicate that the policy change increases administrative burdens for companies, risks of tax bracket shifts for employees, and complexities in determining the correct tax objects among benefits in kind, personal use, and gratuitous gifts. Findings: Companies face increased complexity in valuing, reporting, and adjusting payroll systems to include in-kind benefits as taxable income, leading to higher administrative costs and risks of reporting errors. Employees, particularly those in middle to upper-income brackets, may experience higher tax liabilities as in-kind benefits push their taxable income into higher tax brackets, increasing personal tax burdens and affecting Article 21 Income Tax obligations borne by employer. Conclusions: The taxation of benefits in kind under the HPP Law introduces complex regulatory challenges for businesses and employees. Increased compliance costs, administrative burdens, and potential tax rate shifts highlight the need for effective policy implementation strategies. Novelty/Originality of this Article: This study provides a comprehensive analysis of the intersection between Income Tax and VAT under the new taxation of in-kind benefits—an area that remains underexplored in Indonesian tax policy research
Integrated halal assurance ecosystem (IHAE): The first step to integrate halal industry’s supply chain with smart halal contract agreement (SHCA)
Get PDFBackground: Indonesia plays a pivotal role in the global halal industry, yet its certification system remains largely administrative and inspection-based, creating gaps in compliance, traceability, and export readiness. This study proposes the Integrated Halal Assurance Ecosystem (IHAE) as a process- and technology-driven framework to ensure continuous halal integrity and enhance global competitiveness. Unlike existing models in Malaysia, the UAE, and Thailand that apply sectoral solutions, IHAE offers an integrated approach across the entire supply chain. Methods: Using a qualitative descriptive method combined with Problem Tree Analysis, SWOT, and PESTLE, this study identifies three key weaknesses in Indonesia’s halal system: the perception of certification as mere administration, the lack of real-time audit and supply chain integration, and the absence of an export readiness framework for halal micro, small, and medium enterprises (MSMEs). Findings: Findings highlight five strategic innovations: Halal Assurance Protocol (HAP), Halal Assurance Network (HAN), Smart Halal Contract Agreement (SHCA), Real-Time Halal Audit Trail System (RT-HATS), and Halal Export Readiness Rating System (HERRS). Conclusion: The proposed framework strengthens compliance, builds transparency, and supports MSME participation in global halal trade. Novelty/Originality of this article: The novelty of this article lies in presenting a comprehensive, technology-enabled assurance ecosystem that shifts Indonesia’s halal system from static certification toward dynamic, integrated, and globally competitive halal governance
The effect of foreign direct investment on economic growth in Indonesia: A case study using secondary data for 1995-2023
Get PDFBackground: Foreign Direct Investment (FDI) is one of the key instruments for driving economic growth in most countries, including Indonesia. FDI refers to a type of investment in which foreign entities directly invest capital into an economic entity in the host country. Foreign Direct Investment has become an essential source of external financing for Indonesia and serves as one of the primary funding sources. Therefore, this study aims to comprehensively analyze the impact of FDI on Indonesia’s economic growth over the period 1995–2023. Methods: This study employs a quantitative research approach with multiple linear regression analysis. This model is chosen because it allows for the measurement of the simultaneous influence of multiple independent variables on a single dependent variable, namely economic growth. The study utilizes processed secondary data supplemented with time series data, including Gross Domestic Product (GDP) growth, foreign investment, inflation rate, exchange rate, government expenditure, and poverty levels. Findings: The findings indicate that FDI positively and significantly affects Indonesia’s economic growth. FDI enhances production capacity, increases efficiency, and facilitates technology transfer, contributing to national productivity. Additionally, a stable exchange rate and controlled inflation support economic development. However, the exchange rate negatively affects economic growth, suggesting that fluctuations may hinder investment and economic activities. Meanwhile, inflation is found to have no significant impact on GDP growth, possibly due to economic stability, political events, or government interventions during the study period. Conclusion: Based on the research findings, it can be concluded that FDI plays a significant role in driving economic growth in Indonesia. However, exchange rate fluctuations pose a challenge that should be managed to ensure economic stability. Novelty/Originality of this article: The novelty of this research lies in its comprehensive time-series analysis covering nearly three decades, providing insights into the long-term relationship between FDI and economic growth in Indonesia
Dinamika perdagangan impor barang Korea Selatan terhadap perkembangan ekonomi Indonesia pada era digital
Get PDFLatar Belakang: Kerjasama Indonesia dan Korea Selatan memberikan peran yang sangat penting terhadap perkembangan ekonomi negara Indonesia. Dapat dilihat dari nilai ekspor dan impor Indonesia-Korea Selatan pada tahun 2017-2022 terus mengalami peningkatan. Dengan meningkatnya nilai ekspor Indonesia maka akan meningkatkan pendapatan negara Indonesia serta untuk para produsen dapat memperluas jangkauan pasarnya untuk mendapatkan konsumen dari dalam negeri maupun luar negeri. Nilai impor yang meningkat juga akan memungkinkan atau memudahkan Indonesia untuk memperoleh bahan baku, barang dan jasa suatu produk yang jumlahnya terbatas di dalam negeri. Penelitian ini bertujuan untuk melakukan analisa secara ekonomi perkembangan ekspor dan impor Indonesia dan Korea Selatan dan melakukan estimasi pengaruh impor dari Korea Selatan ke Indonesia tahun 2014-2022. Metode: Analisis ini menggunakan data time series yaitu data yang berasal dari website-website resmi seperti Badan Pusat Statistik (BPS) dan Kementerian Perdagangan yang dihimpun pada tahun 2014 hingga 2022. Teknik analisis data yang digunakan pada penelitian ini menggunakan regresi linier berganda dengan meggunakan program, eviews-10. Temuan: Hasil penelitian menunjukkan bahwa Pendapatan per Kapita, Nilai Tukar dan Inflasi berpengaruh dan signifikan terhadap impor dari Korea Selatan. Volume ekspor impor Korea Selatan dan Indonesia pada tahun 2017-2022 setiap tahunnya mengalami peningkatan sehingga Koran Lifestyle menjadi dinamika saat ini. Dengan meningkatnya nilai impor negara Korea Selatan ke Indonesia makaakan membawa pengaruh buruk seperti menurunnya produksi di dalam negeri yang mengakibatkan angka pengangguran meningkat dan pendapatan menurun sehingga daya beli masyarakat juga menurun. Kesimpulan: Oleh karena itu, Pemerintah harus memperhatikan pertumbuhan ekspor agar meningkatkan kapasitas perekonomian dan pemerintah harus meyakinkan dunia bahwa ekspor Indonesia dapat lebih baik dan meningkat, agar meningkatkan jumlah devisa di Indonesia. 
Comparative analysis of Indonesia's economic resilience in the Asia-Pacific context
Get PDFBackground: economic resilience, defined as the ability of an economy to absorb and recover from shocks, is crucial for sustainable development. This study aims to assess and compare Indonesia's economic resilience with other Asia-Pacific countries in the post-COVID-19 era. Methods: Using Briguglio's theoretical framework, the study evaluates economic resilience through four key dimensions: macroeconomic stability, microeconomic efficiency, governance, and social development. Data from 2019 to 2023 were collected from international sources such as the World Bank, IMF, and UNDP. Finding: The results indicate that Indonesia consistently ranks lower on the Economic Resilience Index (ERI) compared to its regional peers. The country's underperformance is particularly evident in microeconomic efficiency and governance, where it lags behind more resilient economies like Singapore and New Zealand. However, Indonesia has shown gradual improvements in social development indicators, suggesting a positive trend in human capital development. Conclusion: The study highlights the need for Indonesia to implement significant reforms in market regulation, governance, and social infrastructure to enhance its economic resilience. The findings contribute to the broader understanding of economic resilience in the Asia-Pacific region and provide actionable insights for policymakers aiming to strengthen Indonesia's economic stability and sustainability. Novelty: This study is among the first to apply Briguglio's framework to a comparative analysis of economic resilience across Asia-Pacific countries in the post-COVID-19 context, with a specific focus on Indonesia. The research highlights the unique challenges and opportunities for Indonesia in building economic resilience, providing new insights into the specific areas where policy interventions are most needed
Kapasitas lokal sebagai strategi penguatan pembangunan ekonomi di Jawa Timur: Budaya mataraman dan koperasi pesantren
Get PDFThis research aims to explore the value of local wisdom in the culture of people in East Java and then analyze its influence on economic development in East Java. The research method uses a qualitative approach in a quantitative part (Concurrent Embedded). The qualitative data collection technique uses interviews with experts supported by literature studies, while the quantitative method uses panel data (38 districts/cities and 2013-2017 data). Data analysis is in the form of Fixed Effect Model (E-GLS) panel regression. The research results show that economic development in East Java can optimize the quality of human resources (IPM), which have intellectual and moral qualities (from Mataraman cultural values). Apart from that, Islamic boarding school cooperatives have also been proven significant at a fundamental level of 0.01 in reducing poverty. However, the quality of cooperatives needs to be of concern to the government regarding members' activeness, skills in managing cooperatives, and other empowerment efforts. Without improving the quality of Islamic boarding school cooperatives, it will impact the increasing rate of inequality in East Java
Kajian perbandingan mitigasi kerentanan fisik, ekonomi, sosial dan lingkungan akibat banjir rob di Demak
Get PDFDisaster vulnerability describes the loss level due to the Rob Flood disaster in Demak Regency through the community's environmental, social, physical, and economic aspects. The research compares physical, economic, social, and environmental vulnerabilities and mitigation strategies to reduce disaster vulnerability. The research method uses a quantitative descriptive approach, strengthened by qualitative data (documents). The research results show that the highest level of vulnerability comes from social and economic vulnerability, followed by physical vulnerability. Only environmental vulnerability has the lowest value compared to the other three aspects. It shows that the Demak government's efforts to build sea walls or embankments reduce vulnerability to tidal flood disasters. Social policy mitigation strategies through reducing population growth rates, providing direct cash assistance, and providing employment opportunities for women and vulnerable groups need more attention to be improved. Economic policies that help people in the agricultural sector, such as assistance with agricultural equipment, assistance with seeds or construction of barns, and training for farmers, still need to be optimized
Strategi ketahanan ekonomi pada masa pandemi COVID-19 di Indonesia
Get PDFLatar Belakang: Pandemi COVID-19 telah menimbulkan berbagai permasalahan dan dampak negatif bagi perekonomian Indonesia, yang mengakibatkan penurunan pertumbuhan ekonomi yang signifikan pada tahun 2020. Hal ini berdampak terhadap peningkatan kerentanan ekonomi yang mengancam ketahanan ekonomi. Penelitian ini meneliti pengaruh penerimaan pajak, suku bunga, harga minyak mentah, harga emas, Indeks Dow Jones, COVID-19, nilai tukar, dan IHSG terhadap ketahanan ekonomi. Selain itu, penelitian ini merumuskan strategi mitigasi kerentanan ekonomi di Indonesia akibat pandemi COVID-19, apakah strategi lockdown tepat untuk diterapkan atau sebaliknya. Metode: Penelitian ini menggunakan metode regresi logistik dengan data variabel harian dari Maret-Desember 2020. Temuan: Hasil penelitian menunjukkan penerimaan pajak di masa pandemi COVID-19, suku bunga di masa pandemi COVID-19, harga minyak mentah, Indeks Dow Jones, dan IHSG berpengaruh signifikan terhadap ketahanan ekonomi. Pada saat tidak dilakukan intervensi kebijakan, ketahanan ekonomi pada kondisi ideal lebih tinggi dibandingkan pada kondisi normal dan kondisi sulit. Strategi kebijakan untuk memitigasi kerentanan ekonomi pada masa pandemi COVID-19 adalah menjaga penerimaan pajak tidak turun serta menurunkan suku bunga dan kasus COVID-19 secara simultan sehingga kebijakan full lockdown tidak tepat digunakan. Kesimpulan: Implikasi kebijakan untuk menjaga penerimaan pajak tidak turun dapat dijalankan melalui: penetapan prioritas perpajakan, perluasan basis perpajakan, peningkatan kepatuhan dan pengawasan, optimalisasi implementasi peraturan perpajakan, dan insentif pajak. Implikasi kebijakan untuk menurunkan suku bunga adalah mendorong Bank Indonesia agar menurunkan suku bunga IndONIA di pasar uang antar bank. Implikasi kebijakan untuk menurunkan kasus COVID-19 dapat dijalankan melalui: ketegasan dan konsistensi pembatasan sosial, peningkatan kegiatan pemeriksaan, pelacakan, dan perawatan, peningkatan sosialisasi dan penegakan hukum, serta percepatan vaksinasi
Evaluasi kebijakan pada penerimaan negara bukan pajak (PNBP) pasca produksi: studi pembangunan sektor perikanan tangkap berbasis blue economy di Indonesia
Get PDFPendahuluan: Sehubungan dengan visi pembangunan sektor perikanan tangkap berbasis blue economy, pemerintah mengatur kebijakan Penerimaan Negara Bukan Pajak Pungutan Hasil Perikanan (PNBP PHP). Berdasarkan PP 85/2021, titik pungutan PNBP PHP tersebut digeser dari yang sebelumnya berada di saat mengajukan perizinan berlayar (PNBP Pra Produksi), menjadi berada di saat mendaratkan ikan hasil tangkapan (PNBP Pasca Produksi). Kebijakan ini merupakan transformasi substansial dalam lanskap kebijakan fiskal di Indonesia dan memicu perdebatan sejak dilaksanakan 1 Januari 2023. Penelitian ini bertujuan untuk mengevaluasi kebijakan PNBP Pasca Produksi dengan menggunakan tiga kriteria evaluasi kebijakan dari Dunn, yaitu efektivitas, efisiensi, dan keadilan. Metode: Pendekatan yang digunakan adalah post-positivist dengan teknik pengumpulan data secara kualitatif melalui wawancara mendalam, observasi lapangan, dan studi kepustakaan. Temuan: Hasil penelitian menunjukkan bahwa kebijakan PNBP Pasca Produksi memberikan keuntungan bagi wajib bayar dan fiskus karena PNBP dipungut atas berat ikan hasil tangkapan riil, bukan atas perkiraan sebagaimana diatur PNBP Pra Produksi. Namun, secara keseluruhan kebijakan ini belum memenuhi kriteria efektivitas, efisiensi, dan keadilan. Dari kriteria efektivitas, kebijakan ini belum efektif mencapai tujuan yang ditetapkan. Dari kriteria efisiensi, kebijakan ini memberatkan wajib bayar dan fiskus dari segi direct money costs, time costs, maupun psychological costs. Dari kriteria keadilan, kebijakan ini memenuhi benefit receive principle, tetapi indeks tarif belum memenuhi prinsip nondiskriminasi karena adanya pembedaan tarif antar ukuran kapal yang sudah tidak relevan. Untuk dapat mendukung pembangunan sektor perikanan tangkap berbasis blue economy, kebijakan PNBP Pasca Produksi setidaknya harus memenuhi ketiga kriteria tersebut. Kesimpulam: Oleh karena itu, penelitian ini menyarankan adopsi teknologi di setiap pelabuhan yang dapat memenuhi kriteria efektivitas serta efisiensi kebijakan. Selain itu diperlukan reformulasi indeks tarif agar memenuhi kriteria keadilan