Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
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Political positioning and local issue salience in the digital age: Evidence from regional elections in an archipelagic province
No full textThis study analyses the influence of political positioning on voter preferences, with local political issues functioning as a mediating variable within the framework of digital political marketing. Using a quantitative explanatory survey design, data were collected from 349 eligible voters in the Riau Archipelago Province and examined using Partial Least Squares Structural Equation Modeling (SEM–PLS) via WarpPLS 8.0. The results show that political positioning significantly affects voter preferences and that the salience of local political issues partially mediates this relationship. These findings highlight that positioning strategies are more effective when aligned with context-specific issues in geographically fragmented regions, thereby strengthening both emotional and cognitive voter evaluations. Theoretically, the study advances digital political marketing and issue-based voting frameworks, and, practically, offers guidance for designing contextually relevant political narratives in archipelagic settings
Community empowerment model in mining areas to improve welfare: Some lessons from Jambi Province, Indonesia
No full textJambi Province holds significant potential in the coal mining sector, contributing substantially to Local Own Source Revenue and supporting the local economy. With the sixth-largest coal reserves in Indonesia, these resources are spread across key districts such as Sarolangun, Muaro Jambi, Tebo, Batanghari, and Bungo. The coal mining sector provides economic benefits not only through job creation and infrastructure development but also poses significant social and environmental challenges, including air pollution, road damage, and degradation of water quality. This study aims to (1) analyze the social, economic, and environmental impacts of coal mining activities in Jambi Province, (2) evaluate the effectiveness of empowerment programs implemented by companies through CSR, and (3) design an empowerment model that can improve the welfare and economic independence of communities surrounding the mines. The research methodology includes field surveys, SWOT analysis, and Analytical Hierarchy Process (AHP) to determine program priorities. The findings reveal that CSR activities around the mines have a positive impact on community welfare; however, challenges exist in program sustainability and limited community involvement in planning. The SWOT analysis identifies strengths, weaknesses, opportunities, and threats, such as community dependence on the mining sector and significant environmental impacts. Based on the AHP results, the priority programs identified include skills training, support for small and medium-sized enterprises (SMEs), and the enhancement of educational and healthcare infrastructure to create a sustainable impact. To maximize the economic benefits of mining, a community empowerment model that focuses on economic diversification and community engagement is necessary. This study recommends collaboration between companies and the government to develop inclusive and sustainable programs that improve the welfare of communities surrounding mining areas
The impact of institutional economics on carrying capacity and sustainable tourism of the subak landscape as a World Cultural Heritage site: A Bayesian network approach
No full textThis study aims to analyze the probability of sustainable tourism in Subak Pulagan. Specifically, it examines the probabilistic impact of optimizing tourist visits on tourism carrying capacity and sustainable tourism within the Subak Pulagan landscape. The analysis was conducted using the Bayesian Network (BN) approach to develop a sustainable tourism model that integrates components of institutional economics, destination support factors, carrying capacity, and the World Cultural Heritage (WCH) designation as interrelated variables. Tourism in Subak Pulagan has strong potential for development through village tourism and rural tourism approaches. However, it is crucial to prevent overuse of the carrying capacity, as excessive tourist numbers could undermine the sustainability of tourism in the area. The findings indicate that a significant increase in tourist visits is likely to have a substantial impact on physical and environmental capacities. In contrast, the WCH designation and its associated recognition have not yet made a significant contribution to the sustainable tourism development of Subak Pulagan. As a policy implication, it is recommended to strengthen preventive measures to manage tourism carrying capacity—particularly in the physical and environmental dimensions—to ensure that tourism development supports both heritage preservation and long-term sustainability
Redesigning a Circular Business Model Canvas (CBMC) for smallholder dairy farming: Financial feasibility and SDG alignment in Sarangan, Indonesia
No full textThe Indonesian government has committed to implementing a circular economy, as outlined in its national roadmap to 2025. This study aims to redesign a Circular Business Model Canvas (CBMC) for smallholder dairy farming in Sarangan, Magetan, to enhance farmers’ income and welfare while promoting environmental sustainability. An exploratory mixed-methods design was employed, combining thematic analysis and expert judgment with financial feasibility assessment using the Benefit–Cost (B/C) ratio. The redesigned CBMC incorporates circular economy principles into dairy operations, emphasizing eco-conscious value propositions, diversified revenue streams, and multi-stakeholder partnerships. The results show that cheese processing, yogurt production, and the tourism café are financially viable under normal (B/C ≈ 2.4–2.5) and peak demand (B/C > 6) conditions but not under low-demand conditions (B/C < 1). The model also contributes significantly to the Sustainable Development Goals (SDGs), particularly SDG 8 (Decent Work and Economic Growth, 85%), SDG 6 (Clean Water and Sanitation, 80%), and SDG 7 (Affordable and Clean Energy, 75%), with lower contributions to SDG 12 (70%) and SDG 15 (60%). Key challenges include farmer resistance to adopting new practices, limited access to capital, and seasonal fluctuations in demand. The study addresses these barriers and offers strategies to ensure scalability. Overall, this research fills a gap in the application of circular business models in agrifood systems by integrating business model redesign, financial feasibility, and SDG mapping, providing a replicable framework for smallholder dairy–ecotourism communities in developing regions
An analysis of bank productivity in Indonesia: The impact of P2P lending and digital payments using the Malmquist Productivity Index
No full textThis study investigates the relationship between technological adoption and banking productivity, specifically focusing on Indonesian banks over five years. Using the Malmquist Productivity Index (MPI), the study measures changes in productivity and identifies the variables that influence increases or decreases in performance. The findings reveal that P2P lending and digital payment innovations have a significant positive effect on enhancing bank productivity. Additionally, other bank-specific and macroeconomic variables were found to impact productivity levels. The results highlight the importance of continuous technological development and strategic operational improvements to sustain productivity growth. Based on these findings, it is recommended that banks intensify investments in financial technology, diversify their digital service offerings, and adapt operational models to reach broader market segments. Furthermore, regulatory bodies are encouraged to foster a competitive environment that promotes innovation while ensuring financial stability. These efforts are crucial to maintaining long-term efficiency and competitiveness in the banking sector
Sustainable finance and green economic growth: Evidence from the Indonesian banking sector
No full textGreen economic growth has emerged as a global priority in pursuing sustainable development. This study examines the role of resource allocation efficiency in supporting green economic growth, as influenced by green financing practices, sustainable finance policies, and green financial products. A quantitative research approach was employed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The study population consisted of 107 financial institutions. A purposive sampling technique was used to select 168 respondents from 84 banks, comprising senior managers, division heads, and executives responsible for implementing sustainable finance policies—averaging two respondents per institution. The results reveal that green financing practices, sustainable finance policies, and green financial products directly and significantly impact green economic growth. Moreover, resource allocation efficiency plays a mediating role in strengthening these relationships. These findings underscore the importance of the banking sector in driving innovation in green financial products, implementing sustainable finance policies, and enhancing resource utilization efficiency. In conclusion, the banking sector holds a strategic position in advancing green economic growth. Future research could extend this framework by examining the role of non-financial sectors or exploring how digital technology transformation facilitates green financing to support sustainable development goals further
The impact of institutional quality, market openness, and government size on corruption across income levels
No full textGovernment openness in managing the economy can stimulate growth, but carries the risk of policy misuse. This study analyzes panel data from 139 countries between 2012 and 2023 to examine the relationship between economic openness and corruption, as measured by the Corruption Perceptions Index (CPI). The findings reveal that key factors such as government integrity and financial freedom significantly influence CPI scores across countries with varying income levels. Nations characterized by flexible business regulations, transparent governance, strong legal protection of property rights, and stable monetary policies tend to exhibit lower levels of public sector corruption. However, the analysis also shows that financial freedom in high-income countries and investment freedom in upper-middle-income countries are negatively associated with CPI scores. This suggests that excessive liberalization—particularly in investment—without adequate regulatory oversight can increase corruption risks, likely due to limited transparency in capital flows and foreign investment practices. In contrast, when properly managed, the recognition of property rights, government integrity, and investment freedom are instrumental in reducing corruption in many middle-income countries. The study highlights the importance of strengthening government integrity, particularly in delivering public services and regulating an open economy. By ensuring effective and efficient oversight, countries can enhance their CPI scores and reduce the potential for corruption
Does grit reduce job-hopping intentions? Evidence from millennial industrial workers in Purwakarta, Indonesia
No full textThis study examines the relationship between grit and job-hopping intention among millennial employees in the industrial sector of Purwakarta Regency, West Java, Indonesia. Millennials are often considered a challenging generation to manage due to their dynamic work behavior and tendency to change jobs frequently. Using a quantitative approach, data were collected through 100 questionnaires from industrial workers and analyzed using validity, reliability, regression, correlation, and determination tests. The results revealed that grit among respondents was relatively low, while job-hopping intention was relatively high. Regression analysis confirmed that grit had a significant negative effect on job-hopping intention, indicating that employees with higher perseverance and resilience were less likely to intend to leave their jobs. The coefficient of determination indicated that grit explained 22.6% of the variation in job-hopping intention, with the remainder influenced by other factors, such as compensation, career opportunities, and work–life balance. These findings suggest that organizational strategies to strengthen grit, combined with supportive labor market policies, are crucial for reducing turnover intentions and enhancing workforce stability in the industrial sector
Fertility decline and economic growth challenges: Japan's struggle amid a demographic crisis
No full textThis study examines the impact of demographic factors, particularly declining fertility rates and an aging population, on Japan’s economic growth from 1960 to 2022. Additionally, it analyzes key macroeconomic variables, including healthcare expenditure, interest rates, and inflation, that influence the country’s economy. Using quantitative time-series data and the Vector Error Correction Model (VECM), this research evaluates the short- and long-term effects of these variables on economic growth. The findings indicate that, in the long run, population aging and high interest rates significantly negatively affect economic growth. In contrast, healthcare expenditure and moderate inflation have a positive impact. Population aging slows economic expansion by increasing pension and healthcare costs, while high interest rates discourage investment and consumption. Conversely, healthcare expenditure, as an investment in human capital, enhances labor productivity, and moderate inflation stimulates economic activity by promoting consumption and investment. However, in the short term, none of these variables exhibit a significant impact on economic growth, suggesting that policy measures and demographic changes require time to influence the broader economy
Integrating community-based adopt-a-tree programs with sustainable agrotourism: A Pathway to inclusive green growth in Merangin Regency
No full textThe integration of conservation initiatives with tourism development has emerged as an important strategy for promoting sustainable rural development. This study examines how community-based Adopt-a-Tree (AAT) programs are integrated into sustainable agrotourism in Merangin Regency, Indonesia, and how this integration contributes to environmental conservation and local livelihood opportunities. A qualitative case study approach was employed, drawing on data from in-depth interviews, focus group discussions, field observations, and supporting documents related to the implementation of tree adoption programs in Rantau Kermas and Guguk villages. Thematic analysis was conducted using NVivo 15 to identify patterns and relationships across stakeholder perspectives. The findings indicate that AAT programs function as a community-driven conservation mechanism that supports forest restoration, biodiversity protection, and increased environmental awareness among residents and visitors. The analysis also reveals that stakeholder collaboration, training activities, and local governance support are important for sustaining the implementation of conservation initiatives. In addition, integrating tree adoption with agrotourism creates new livelihood opportunities through eco-tourism services, agroforestry products, and community-based tourism activities. However, several challenges remain, including limited technical capacity, unequal participation opportunities, and constraints in institutional and financial support. Overall, the study demonstrates that AAT programs can serve as an effective model for integrating conservation initiatives with sustainable agrotourism development while supporting inclusive rural livelihoods and long-term environmental stewardshi