Signifikan: Jurnal Ilmu Ekonomi
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Food Security Outcomes of Indonesia’s Non-Cash Food Assistance Program (BPNT) among Lowest-Expenditure Households
Full text linkResearch Originality: This study provides the first scientific analysis of the effect of the Non-Cash Food Assistance (BPNT) Program on household food security among Indonesia’s lowest 20% expenditure group.
Research Objectives: This study examines the impact of the Non-Cash Food Assistance Program (BPNT) on household food security in Indonesia, with a focus on households in the lowest 20% expenditure group.
Research Methods: This study employs a multinomial logistic regression model to investigate the key determinants of food security among households.
Empirical Results: The Non-Cash Food Assistance Program (BPNT) plays a significant role in improving the food security of recipient households. Social assistance programs like BPNT can help low-income families by mitigating the negative effects of food price shocks, specifically by promoting dietary diversity.
Implications: The government should continually update data to enhance the effectiveness of BPNT distribution, particularly for the poorest 20% of households, who are most vulnerable to food insecurity. It also needs to conduct regular outreach and monitoring to ensure beneficiaries use BPNT properly.
JEL Classification: O01, O02, Q0, Q12, Q18
How to Cite:Kharisma, B., Wardhana, A., Remi, S. S., & Fathimah, D. I. (2025). Food Security Outcomes of Indonesia’s Non-Cash Assistance Program (BNPT) among Lowest-Expenditure Households. Signifikan: Jurnal Ilmu Ekonomi, 14(2), 373-390. https://doi.org/10.15408/sjie.v14i2.46203
The Impact of Zakat, Agricultural Output, and Poverty on Indonesia’s Food Security
Full text linkResearch Originality:
The originality of this research lies in integrating zakat as an Islamic financial instrument into the analysis of food security in Indonesia, a topic that has rarely been explored. Furthermore, it links the concept of maqashid sharia with the Sustainable Development Goal 2 (Zero Hunger), thus offering a novel contribution both theoretically and practically to the food security literature.
Research Purpose: This study aims to assess the likelihood of food security across Indonesian provinces and investigate the role of zakat solutions.
Research Methods: Employing a quantitative methodology, panel data on zakat utilization, agricultural output, and poverty levels from 34 Indonesian provinces (2013-2022) were analyzed using EViews 9.
Empirical Results: The findings reveal that agricultural output and zakat utilization have a positive and significant impact on food security, whereas poverty has a negative effect.
Implications: More effective policies are necessary to manage zakat utilization, enhance food production, and alleviate poverty, thereby ensuring Indonesia has a more stable and sufficient food supply for all.
JEL Classification: Q18, I32, O13, Z12
How to Cite:Salsabila, A. A., Nurasyiah, A., & Firmansyah. (2025). The Impact of Zakat, Agricultural Output, and Poverty on Indonesia’s Food Security. Signifikan: Jurnal Ilmu Ekonomi, 14(2), 549-562. https://doi.org/10.15408/sjie.v14i2.44738
GWPR Model on Indonesian Economic Growth: The Analysis of Spatially Varying Relationships
Full text linkResearch Originality: This research is original in examining the spatial varying relationship on economic growth in Indonesia.Research Objectives: This study investigates the variability of Indonesia\u27s economic growth model determinants.Research Methods: This study uses the Geographically Weighted Panel Regression (GWPR) approach. Panel data was analyzed with 34 provinces in Indonesia from 2016 to 2022.Empirical Results: This study found that the Revenue Sharing Fund (DBH) variable significantly influenced economic growth in 32 provinces. Meanwhile, the influence of DBH is not significant in only two provinces, namely Papua and West Papua. The variables of Labor and Gross Fixed Capital Formation did not have a significant effect on economic growth in 34 provinces.Implications: These results show that Indonesia\u27s economic growth rate is still not optimal, so the government is expected to design development programs that integrate various factors, such as maximizing Revenue Sharing Fund management, improving the quality of labor, and maximizing capital efficiency, to encourage economic growth in all provinces.JEL Classification: C31, O47, R11, H54How to Cite:Santoso, E., Priyono, T. H., Istiyani, N., Jumiati, A., & Yunitasari, D. (2025). GWPR Model on Indonesian Economic Growth: The Analysis of Spatially Varying Relationships. Signifikan: Jurnal Ilmu Ekonomi, 14(1), 37-52. https://doi.org/10.15408/sjie.v14i1.44771
The Intention of Young Muslim Generation to Choose Muslim-Friendly Destinations in Indonesia
Full text linkResearch Originality: Although much research has examined Muslim-friendly tourism, this research conducts a more comprehensive study of the intentions of the young Muslim generation to choose Muslim-friendly tourist destinations.Research Objectives: The research objective is to analyze what factors influence the young Muslim generation\u27s intention to choose Muslim-friendly tourist destinations in Indonesia.Research Methods: The data analysis technique used a Structural Equation Model (SEM) with SmartPLS 3.0 software. Data was obtained by distributing questionnaires to 200 respondents.Empirial Result: The results showed that the variables of subjective norms, behavioral control, and religiosity had a significant effect on the intentions of the young generation in choosing Muslim-friendly tourist destinations in Indonesia, while the attitude variable had no significant effect.Implications: The results of this research imply that the government must create regulations that attract the young generation of Muslims to visit Muslim-friendly tourist destinations in Indonesia.JEL Classification: M30, M31How to Cite:Dewi, N. D. (2025). The Intention of Young Muslim Generation to Choose Muslim-Friendly Destinations in Indonesia. Signifikan: Jurnal Ilmu Ekonomi, 14(1), 265-278. https://doi.org/10.15408/sjie.v14i1.45353
Government’s Role in Enhancing Economic InclusionThrough Digital Infrastructure Equity in Indonesia
Full text linkResearch Originality: This research is original in its examination of the equitable distribution of digital infrastructure in enhancing economic inclusion in Indonesia, employing a fixed effect model and quantile regression approach.
Research Objectives: This study investigates the impact of the equitable distribution of digital infrastructure on enhancing economic inclusion in Indonesia.
Research Methods: This study employs a fixed effect model and quantile regression, analyzing data from 34 provinces between 2019 and 2023. Key variables include internet access, internet speed, the number of Base Transceiver Stations (BTS), and digital literacy.
Empirical Results: The findings reveal that internet access and internet speed have a positive and significant impact on digital financial inclusion, whereas the number of BTS and digital literacy exhibit no significant effect. The impact of digital infrastructure varies across regions, with areas exhibiting lower financial inclusion requiring greater infrastructure optimization compared to those with higher inclusion levels.
Implications: The results imply that digital infrastructure development plays a critical role in promoting equitable financial inclusion. Consequently, policymakers are urged to prioritize and accelerate the expansion of digital infrastructure, particularly in regions lagging behind, to reduce financial exclusion and foster inclusive economic development at the national level.
JEL Classification: O33, O10, G28, C23, C21
How to cite:
Himmati, R., Dana, B. S., & Wati, A. E. F. (2025). Government’s Role in Enhancing Economic Inclusion Through Digital Infrastructure Equity in Indonesia. Signifikan: Jurnal Ilmu Ekonomi, 14(2), 291-302. https://doi.org/10.15408/sjie.v14i2.45574
Road Infrastructure and Local Economic Activity: Insight from Mobility Data
Full text linkResearch Originality: This research measures local economic activity through a mobility approach, using Google Mobility Report (GMR) data across all provinces in Indonesia. Measuring economic activity using conventional macro indicators, such as GDP, has limitations due to lengthy collection processes.Research Objectives: This study aims to determine the impact of road infrastructure on local economic activity using data from the GMR in categories such as Retail and recreation, Grocery and pharmacy, Parks, and Workplaces.Research Methods: This study uses panel data on the GMR, Ministry of Public Works and Public Housing, Ministry of Finance, and Central Bureau of Statistics from 2019–2022, which is analyzed using fixed-effect methods.Empirical Results: The results show a positive effect of road infrastructure on Retail and recreation and Grocery and pharmacy but a negative impact on Workplaces, likely due to the shift to remote work during COVID-19.Implications: These findings suggest that the government should prioritize road construction in areas that enhance economic activity. However, road construction in the Workplaces area still needs to be considered in line with the recovery of activities after the pandemic ends.JEL Classification: H54, R11, R42How to Cite:Kustanto, R.Y., & Mahi, B.R. (2025). Road Infrastructure and Local Economic Activity: Insight from Mobility Data. Signifikan: Jurnal Ilmu Ekonomi, 14(1), 17-36. htttps://doi.org/10.15408/sjie.v14i1.42955
Women\u27s Micro Business Performance in Islamic Perspective: Social Learning Theory Approach
Full text linkResearch Originality: This research examines the gender gap in the economic sector, particularly women\u27s micro-enterprises in Indonesia, which has not been widely explored. With an Islamic approach and Albert Bandura\u27s Social Learning Theory.Research Objectives: This study aims to describe the performance of women micro-entrepreneurs from an Islamic perspective and empirically prove the influence of competence, Islamic work ethic, family support, and manager role actualization on women\u27s micro-enterprises in Bandung City.Research Methods: This study used a quantitative method with a descriptive causality research design. The survey method collected data from 236 female micro-business owners in Bandung City. The data was processed using the Partial Least Square—Structural Equation Modeling (PLS-SEM) analysis technique. Empirical Results: The results show that, from an Islamic perspective, competence and an Islamic work ethic positively affect women\u27s micro-enterprise performance. However, family support has a negative influence on business performance.Implications: This research makes an important contribution to understanding the dynamics of women\u27s micro-enterprise performance from an Islamic perspective. The results can be used as a basis for developing more effective programs and policies to support women\u27s economic empowerment through micro-enterprises.JEL Classification: L26, J16, M10, M13, O17, Z12How to Cite:Fatimah, S. H., Nurasyiah, A., & Rosida, R. (2025). Women’s Micro Business Performance in Islamic Perspective: Social Learning Theory Approach. Signifikan: Jurnal Ilmu Ekonomi, 14(1), 217-230. https://doi.org/10.15408/sjie.v14i1.44739
The Effect of Monetary Variable Shocks on Indonesian Portfolio Investment
Full text linkMonetary variables can affect portfolio investment in the short or long term. The previous studies rarely discuss the effects of monetary variables in the long and short term on portfolio investment. This study looks at monetary indicators that affect investment portfolios in Indonesia. The methodology used in this research is to use the Vector Error Correction Model (VECM) to see the response of several variables in the short and long term. The findings suggest that monetary policy should pay special attention to Indonesia\u27s money supply (M2) and savings to influence portfolio investment in the short term. The monetary policy transmission mechanism can use the money and expectation channels to optimize monetary variables to control investment. Meanwhile, in the long run, monetary policy portfolio investment control needs to pay attention to interest rates and savings and adjust to the set inflation target, which can be used in the interest rate channel.JEL Classification: E21, E22, E43, E51, E52 How to Cite:Fuddin, M. K., & Anindyntha, F. A., (2023). The Effect of Monetary Variable Shocks on Indonesian Portofolio Invesment. Signifikan: Jurnal Ilmu Ekonomi, 12(2), 307-326. https://doi.org/10.15408/sjie.v12i2.31525
Determinants of Foreign Direct Investment in Indonesia: Do Presidential Regimes Matter?
Full text linkResearch Originality: The originality of the research is the separation of data in different governments. The request is based on the leadership style, especially in the era of President Susilo Bambang Yudhoyono and President Jokowi.Research Objectives: This study examines the determinants of foreign direct investment (FDI), both in the short and long term in Indonesia during the leadership of Presidents Susilo Bambang Yudhoyono (SBY) and Joko Widodo (Jokowi).Research Methods: This study uses time series data on the World Development Indicators website from 2004 to 2021. Using Autoregressive Distributed Lag (ARDL)Empirical Results: This study finds evidence that institutional quality, economic growth, and presidential regime in the short and long run significantly positively affect FDI. Meanwhile, the population negatively influences FDI in Indonesia in both the short and long run.Implications: These findings imply that to draw in more foreign direct investment (FDI), Indonesia must enhance institutional quality, economic growth, presidential governance, and population control.JEL Classification: F21, F43, G18, H21, R2
Impact of Covid-19 Vaccination and Financial Policies on Indonesia’s Property Loan Growth
Full text linkResearch Originality: This study provides a novel examination of the impact of COVID-19-related financial policies on property loan growth in Indonesia, a critical area with limited prior quantitative research.Research Objectives: The purpose of this research is to assess how interventions such as Loan-to-Value (LTV) over Finance-to-Value (FTV) ratio (LTV/FTV) relaxation, COVID-19 vaccination as a metric for public activity restrictions, and changes in deposit insurance rates have influenced property loan dynamics during the pandemic.Research Methods: Using monthly banking data from January 2016 to May 2022, this study employs ARIMA Intervention Analysis to capture the effects of these policies.Empirical Results: The empirical results reveal a significant positive shift in property loan growth ten months after the first intervention and a notable impact two months after the third intervention, whereas the second intervention shows limited influence.Implications: These findings imply that integrating COVID-19 vaccination targets into public policy and adjusting deposit insurance rates are effective strategies for sustaining the property loan sector during economic crises. These results provide insights into the role of vaccination targets and financial adjustments in supporting the property loan sector during economic disruptions, offering valuable considerations for future policymaking in similar contexts.JEL Classification: C22, C51, C52, C53, C54