Jurnal Ilmu Ekonomi dan Pembangunan
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FACTORS AFFECTING ECONOMIC GROWTH IN EAST JAVA PROVINCE IN 2011 – 2020
Get PDFThis study aims to examine the analysis of the effect of general allocation funds, regional taxes, and population on economic growth in East Java Province from 2011 to 2020. Tax reforms mandated by Law number 28 of 2009 have encouraged local governments to increase equity among regions to reduce regional inequality. The variables used include general allocation funds, local taxes, and total population. Using multiple regression analysis with panel data regression for five samples of districts/cities in East Java Province, the results show that General Allocation Fund (DAU) has a positive and significant infliuence on the economic growth rate. Meanwhile Regional tax and Population has a negative and significant infliuence on the economic growth rate. As much as 92% of the economic growth variable can be explained by the general allocation fund (DAU), the regional tax, and the population
AFFECTING FACTORS FARMER WELFARE IN INDONESIA
Get PDFThis study aims to analyze the factors influencing the economic welfare of farmer households in Indonesia, focusing on the impact of arable land area, total production costs, labor allocation, and the percentage of land ownership. The research also seeks to specify the agricultural household economic model and propose alternative policy measures to enhance farmer welfare. Utilizing data from the Indonesian Family Life Survey (IFLS), the study employs Ordinary Least Squares (OLS) and Fixed Effect panel data models for analysis. The findings reveal that larger arable land areas, increased workload, and higher percentages of owned land significantly improve national farming income, thereby enhancing farmer welfare. Conversely, higher total production costs negatively impact welfare levels in both upland and rice field contexts. The economic model's specifications across eight structural equations align well with theoretical expectations, indicating robustness and consistency with observed agricultural phenomena. Policy simulations suggest that promoting employment opportunities in the off-farm sector could be an effective strategy to boost farmer welfare. Such policies may lead to a reduction in labor allocated to agriculture, increased overall household income, higher expenditures on food consumption from agricultural outputs, and an expanded household income surplus. These findings provide valuable insights for policymakers aiming to formulate targeted interventions that address the challenges faced by farmers, ultimately improving their economic well-being and ensuring sustainable agricultural development in Indonesia
DYNAMIC BEHAVIOR OF RUPIAH EXCHANGE RATE PERIOD 1999Q1-2020Q2 (STICKY PRICE MODEL KEYNESIAN APPROACH)
Get PDFThis study investigates the dynamic behavior of the Indonesian Rupiah (IDR) exchange rate against the US Dollar (USD) from the first quarter of 1999 to the second quarter of 2020. The primary objective is to assess the factors influencing exchange rate fluctuations using time-series data analyzed through multiple linear regression. The study focuses on key macroeconomic variables, including the M2 money supply ratio, inflation ratio, GDP ratio, and interest rate ratio, to determine their impact on the IDR/USD exchange rate. The findings reveal that the M2 ratio, inflation ratio, and GDP ratio significantly and positively influence the IDR/USD exchange rate, indicating that increases in these variables lead to a depreciation of the Rupiah. However, the interest rate ratio does not exhibit a significant effect on the exchange rate. The model demonstrates a high degree of fit with an adjusted R2 value of 94.42%, and the overall model is statistically significant, as indicated by the F-statistic probability of 0.000. These results provide valuable insights into the determinants of exchange rate movements in Indonesia during the specified period
ECONOMIC POTENTIAL ANALYSIS IN BLITAR REGENCY 2015-2020
Get PDFThis study aims to identify the basic and non-basic economic sectors, determine leading sectors, and analyze sectoral growth patterns in Blitar Regency from 2015 to 2020. The research utilizes a quantitative descriptive approach, drawing on secondary data sources. Techniques employed include Location Quotient (LQ), Dynamic Location Quotient (DLQ), and Klassen Typology. The findings reveal that Blitar Regency has 8 basic sectors and 9 non-basic sectors. Additionally, the LQ and DLQ analysis identifies 7 leading sectors, 9 developing sectors, and 1 potential sector. The Klassen Typology further categorizes the sectors into 3 rapidly growing and advanced sectors, 6 advanced but declining sectors, 2 fast-growing sectors, and 6 underdeveloped sectors
STRATEGIES FOR DEVELOPING THE POTENTIAL OF VILLAGE TOURISM IN GUNUNGSARI AND KEDUMULYO VILLAGES, PATI REGENCY
Get PDFThis study aims to explore and develop the tourism potential of Gunungsari and Kedumulyo Villages in Pati Regency to enhance local welfare and address challenges related to poverty and inequality. By employing a SWOT analysis, the research identifies the strengths, weaknesses, opportunities, and threats associated with tourism development in these villages. The study adopts a mixed-methods approach, combining qualitative assessments of local conditions with quantitative evaluations through the Internal Factor Analysis Summary (IFAS) and External Factor Analysis Summary (EFAS) matrices. The findings reveal that Gunungsari Village, with IFAS and EFAS scores of 3.75 and 3.64 respectively, exhibits a more effective tourism development strategy compared to Kedumulyo Village, which scores 3.42 for IFAS and 3.34 for EFAS. The results suggest that Gunungsari Village should pursue a Weakness-Opportunity (WO) Strategy, leveraging its strengths to overcome weaknesses and capitalize on opportunities. Conversely, Kedumulyo Village is recommended to adopt a Weakness-Threat (WT) Strategy to mitigate threats while addressing its weaknesses. These strategic recommendations are crucial for transforming these villages into developed or independent entities with sustainable tourism practices
IMPACT OF COVID-19 ON FEMALE WORK PARTICIPATION IN INDONESIA: WHO IS MORE AFFECTED?
Get PDFThis study aims to analyze the impact of Covid-19 on female work participation in Indonesia. Using microdata from the August 2020 National Labor Force Survey (Sakernas) conducted by the Central Statistics Agency, the study measures the impact through three indicators: unemployment, temporary non-working status, and reduced working hours. The survey included a sample size of 793,202 individuals aged 15 and over. Findings reveal that female workers are more likely to experience reduced working hours compared to male workers. These results highlight the disproportionate effects of the pandemic on women’s employment. The study underscores the need for targeted policy interventions to support women in the labor force, ensuring their economic resilience and recovery during and after the pandemic
STOCK PRICE VOLATILITY DURING COVID-19: EVIDENCE FROM HOSPITALITY FIRMS IN INDONESIA
Get PDFThis study aims to measure the volatility of stock prices of hospitality firms in Indonesia during the Covid-19 pandemic. Using the stock prices data on hospitality firms and the Autoregressive Integrated Moving Average (ARIMA) methods. The results of the study obtained show that hospitality firms in Indonesia are still filled with uncertainty, as seen by the volatility of stock prices in each company. In addition, forecasting results using ARIMA show that the stock prices of several hospitality firms will be more stable in the future. However, several other firms will still be depressed by the impact of Covid-19
CITY RESILIENCE STRATEGIES IN DEALING WITH THE AFTERMATH OF THE COVID-19 PANDEMIC: USING SOCIO-ECOLOGICAL SYSTEMS
Get PDFThis study addresses the critical problem of urban vulnerability exposed by the Covid-19 pandemic, aiming to identify and evaluate effective resilience strategies within urban environments. Utilizing a qualitative descriptive methodology, this research draws on an extensive review of literature and environmental observations to analyze the strategies employed by cities in response to the pandemic. The study focuses on the socio-ecological systems approach, exploring how it can be applied to strengthen urban resilience. The findings reveal that resilience can be significantly enhanced through strategies that emphasize community engagement, adaptive governance, and the development of sustainable infrastructure. These insights provide valuable guidance for policymakers and urban planners in crafting resilient cities capable of withstanding future crises. The study concludes that a holistic, community-driven approach is essential for fostering urban resilience in the face of global challenges
THE IMPACT OF COVID-19 ON THE INTERNAL SERVICES SECTOR ECONOMY IN DKI JAKARTA PROVINCE
Get PDFThis study aims to assess the impact of the Covid-19 pandemic on the internal service sector in DKI Jakarta Province. The research utilizes data from the 2016 DKI Jakarta Input-Output Table, which provides comprehensive information on economic transactions within the region. The analysis focuses on understanding the extent to which the pandemic has affected the output contribution, export and import structure, and overall performance of the internal service sector. The findings indicate that the corporate services sector is the sixth largest contributor to the overall economic output in DKI Jakarta, highlighting its significant role within the region. Furthermore, the financial services sector is identified as the most substantial contributor to the trade balance, with high levels of exports and imports despite the pandemic's challenges. These results underline the resilience and importance of the service sector in maintaining economic stability in DKI Jakarta during the pandemic. The study provides valuable insights into how the internal service sector has adapted to the pandemic's pressures and its implications for future economic policy and planning
MONETARY POLICY CHALLENGES IN THE NEW NORMAL ERA: A SYSTEMATIC LITERATURE REVIEW
Get PDFThis paper aims to provide a systematic literature review (SLR) of studies conducted on the economic impact of the epidemic using the DSGE model. This research is guided by the PRISMA Preferred Reporting Items for Systematic Review and Meta-Analyses) statement, utilizing a systematic literature review (SLR) with Harzing's Publish or Perish software and Google Scholar as the primary sources, specifically focusing on the DSGE model's application. Under PRISMA, research is researched through three processes: 1) Defining clear research questions that allow systematic research, 2) Identifying inclusion and exclusion criteria, and 3) Examining a large database of scientific literature within a set time. A total of 11 out of 38 papers were identified and analyzed to provide a better understanding of the epidemiological model, the tradeoff of the lockdown policy between health and economy and the methodology adopted in the previous studies while the rest of the most recent studies appear to be related to the DSGE model with the adaptation of the epidemiological model during the Covid-19 pandemic. A total of four studies agree that many countries are imposing “lockdowns,” if not generally implementing “social distancing” to contain and potentially eliminate the virus