Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
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Food security and economic coping strategies among fishing households: Insights from Tanjung Jabung Timur and Tanjung Jabung Barat, Jambi Province
Get PDFThis study aims to: 1) Analyze the socioeconomic characteristics and economic coping strategies of fishing households in Tanjung Jabung Timur and Tanjung Jabung Barat; 2) Assess the level of food security among fishing households in these districts; 3) Examine the influence of socioeconomic characteristics and economic coping strategies on the food security of fishing households in Tanjung Jabung Timur and Tanjung Jabung Barat. Data were collected through surveys in four sample villages across the two districts. Descriptive statistics, difference tests, and Structural Equation Modeling (SEM) were employed as analytical tools. The findings indicate that economic coping strategies among fishing families, in terms of active income-generating strategies, are categorized as low. In contrast, passive strategies related to cutting back expenses are considered moderate. Overall, the level of food security among fishing households is relatively good. Furthermore, the food security level of fishing households is significantly influenced by family characteristics and coping strategies. Coping strategies directly impact and act as intervening variables between family characteristics and food security
How do macroeconomic variables and financial inclusion affect financial stability in Indonesia?
Get PDFFinancial stability is a crucial indicator of the financial sector's health, reflecting the system's resilience or vulnerability to crises. This study investigates the impact of macroeconomic variables and financial inclusion on financial stability in Indonesia, utilizing quarterly data from the first quarter of 2012 to the fourth quarter of 2021. Employing the Vector Error Correction Model (VECM), the research examines the influences of these factors in both the short and long term. The findings reveal that macroeconomic variables and financial inclusion significantly affect financial stability in Indonesia across both time frames. Specifically, inflation emerges as a critical factor influencing financial stability in the long term, while interest rates play a pivotal role in the short term. Moreover, financial inclusion, represented by the public's use of banking products and third-party funds relative to Gross Domestic Product (GDP), impacts financial stability both in the long and short term. Conversely, financial inclusion, measured by credit to GDP, exhibits only short-term effects on financial stability. The results underscore the importance of careful consideration by the central bank when formulating monetary policy, particularly regarding interest rate adjustments, due to their immediate impact on financial system stability. Over the long term, maintaining control over inflation rates is imperative to safeguard financial stability. Furthermore, financial institutions, in their role of fostering financial inclusion by distributing credit, must balance the quality of credit with its quantity to avoid negative impacts on the financial system's stability. This study contributes valuable insights for policymakers and financial institutions aiming to bolster Indonesia's financial stability through prudent macroeconomic management and the strategic implementation of financial inclusion initiatives
Rural youth and the future of entrepreneurship: Insights from Jambi Province's millennials
Get PDFThis study aims to examine the entrepreneurial intentions and characteristics of the millennial generation in rural areas of Jambi Province and to identify the factors influencing these intentions. Data were collected through a survey of millennials in rural Jambi and were analyzed using descriptive statistical tools and the Structural Equation Modeling Partial Least Square (SEM-PLS) approach. The key variables evaluated were individual characteristics, attitudinal factors, and contextual factors. The findings indicate that the entrepreneurial interest of millennials in rural Jambi is relatively high, signaling a promising potential for the emergence of young entrepreneurs in the future. The surveyed millennials' attitudinal and contextual factors directly influence this entrepreneurial interest. While individual characteristics do not directly impact entrepreneurial intentions, they exert an indirect influence mediated by attitudinal and contextual factors
Local government performance: financial condition perspective
Get PDFThe government performance measurement is essential to assess target achievement and public services, one of which is measured from the perspective of financial conditions. This study aimed to measure the performance of the regency and municipal in Jambi Province. The measurement used eight ratios of the basic factors of local governments' finance to analyze financial conditions. Furthermore, Jambi municipal and Sungai Penuh municipal are the regions with the best financial condition viewed from regional income factors. At the same time, Tanjabbar has the best financial condition from regional expenditure factors. From operational factors, the best position was held by three regions: Kerinci, Tanjabbar, and Sarolangun Regencies. Additionally, Muaro Jambi Regency has the best financial condition viewed from the debt structure factor. Overall, the regencies and municipalities in Jambi Province are in good financial condition. Four regions are averagely good, six regions have better financial conditions, and one region is in the best financial condition compared to those included in the assessment process
Overcoming the threat of poverty and social welfare amid the COVID-19 pandemic through sustainable funding sources
Get PDFThe COVID-19 outbreak is believed to have slowed economic acceleration in several countries, including Indonesia. Dramatic economic changes affect the country's performance in overcoming poverty and unemployment. This article aims to analyze the social and economic impact of the pandemic. It can be seen that the government, as the holder of the mandate of power, still and will continue to rely on social protection programs in dealing with the social and economic impacts that are currently being faced. The government can expand social security and assistance programs by strengthening collaboration between local authorities and non-state institutions. In addition to social protection, Indonesia, known as a country with a Muslim majority, has a religious instrument called zakat, which is believed to overcome the spike in poverty. Moreover, zakat is also considered a potential instrument to support some countries in achieving SDG goals as long as they are appropriately managed
Convergence of income across regencies in Central Java: spatial econometric approach
Get PDFThe development of an economy is oriented towards not only growth but also equality. Furthermore, economic interaction across regions has to be captured in a development analysis to avoid the possibility of biased results. This study analyzes Central Java, Indonesia's economic development, by considering spatial interactions across regencies. The Spatial Durbin Model (SDM) is used for the analysis. The results show significant spatial interaction across regencies/cities in Central Java in the spatial model and economic convergence that occurs faster than in the non-spatial model. Then, the mismatch between the curriculum of education and industry needs is a presumption illustrated in the insignificant relationship of human capital to income. And an anomaly occurs where physical capital has a negative impact on income
Who get paid higher? A study on wages decomposition between manufacturing and non-manufacturing workers in Indonesia
Get PDFIn 2008, Indonesia became a member of the G20, and it is estimated that in 2030 it will be in the top seventh economic countries if it can keep growing. Nevertheless, high economic growth was followed by an inequality problem. This study will analyze the wage gap between manufacturing and non-manufacturing workers. Using Sakernas 2020 and the Mincer wage model regression, the result showed that all independent variables: age, level of education, gender, region of residence, marital status, toddler, disability status, and certificate training influence wages for both manufacturing and non-manufacturing workers. Next, the Blinder-Oaxaca method decomposes the wage gap between both groups. It is shown that manufacturing workers get higher wages than non-manufacturing workers because of differences in the characteristic of workers and also industry attributes which, in this case, capital intensity
Effects of corporate actions on market dynamics during the COVID-19 pandemic: An event study on the Indonesia Stock Exchange
Get PDFThe COVID-19 pandemic has precipitated unprecedented uncertainty within the stock market, eliciting adverse reactions within the capital market. This environment compelled companies to engage in corporate actions. This research aimed to develop a model assessing the impact of corporate actions during the COVID-19 pandemic on the Indonesia Stock Exchange. This study employed an event study methodology to analyze corporate actions from March 1 to March 30, 2021, identifying four key actions: Stock Splits, Pre-emptive Rights (Rights Issues), Partial Delisting, and Warrants. These corporate actions influenced various metrics, including the frequency of stock returns, actual returns, stock returns, and trading volume activity. The outcomes of these actions varied, presenting differences before and after their execution. The study's findings categorize the impact of corporate actions during the pandemic into two distinct groups: insignificant and significantly negative. This research contributes to understanding the ramifications of corporate decisions during periods of heightened market volatility, specifically within the context of the Indonesia Stock Exchange during the COVID-19 pandemic
Analyzing poverty levels and welfare: Does cigarette consumption and spending on regional functions have an impact?
Get PDFIn numerous developing nations, the impact of cigarette consumption on poverty often goes unnoticed by policymakers. This study endeavours to explore the correlation between household expenditure on cigarettes and levels of poverty and welfare. Beyond household spending, it also investigates the influence of regional functional expenditures and the prevalence of open unemployment on poverty and welfare. The examination encompasses 100 regencies and cities across three provinces: East Java (38 regencies and cities), West Java (27 regencies and cities), and Central Java (35 regencies and cities). Utilizing secondary data from the Central Statistics Agency (BPS) and the Ministry of Finance of the Republic of Indonesia, collected in 2021, employing a cross-sectional approach, this study employs multiple linear regression analysis via the Stata 17 program to discern the impact of various factors, including household spending, regional functional spending, and control variables, on poverty and welfare. The findings reveal that household cigarette consumption significantly exacerbates poverty, indicating that an increase in such consumption escalates poverty rates. Conversely, the second estimation model demonstrates that increased household expenditure on cigarettes significantly diminishes welfare levels, underscoring the adverse impact of heightened smoking consumption on overall welfare
Nexus of energy efficiency, carbon emission and economic growth in Nigeria
Get PDFGiven rising temperatures, climate change, the alarming increase in energy demand, and the importance of energy efficiency, there is a need for an increasing review subject matter. In this sense, policymakers develop various measures, including renewable adoption and energy efficiency. This study examined the causal effect of oil production and carbon emission from gas flaring on the economic growth rate in Nigeria from 1980-2021. The findings revealed that economic growth and energy consumption significantly increases energy-related emissions. An increase in income level influences investors and industrialists to invest in the industrial sector, increasing production, diversification, and expansion. However, increased production and expansion of industries increase energy demand. Energy demand met by consuming fossil fuel increases energy-related emissions in Nigeria and negatively affects environmental quality. More importantly, carbon emission impedes environmental sustainability and sustainable economic growth in Nigeria. The study is relevant to the post-2015 Sustainable Development Goals agendas for two fundamental reasons: the world needs Sustainable Development Goal 7 – ensuring access to affordable, reliable, sustainable, and modern energy by 2030. (b) Large extractive industries primarily drive growth in Nigeria, and the country's population is expected to double in about 30 years. Energy efficiency for inclusive development is very welcome. This is essential because studies have shown that the increase in unemployment (resulting from the underlying demographic change) would be accommodated by only the private sector, not the public sector