Jurnal Ekonomi Pembangunan

Journal Information
ISSN / EISSN : 1829-5843 / 2685-0788
Current Publisher: Faculty of Economics, Universitas Sriwijaya (10.29259)
Total articles ≅ 33

Latest articles in this journal

Rani Salamah Marinda, Imam Asngari, Mukhlis Mukhlis
Jurnal Ekonomi Pembangunan, Volume 18, pp 85-94; doi:10.29259/jep.v18i2.10355

This study investigates the influence of total assets, total financing, and third-party funds on the revenue of Islamic banking in Indonesia. Data used are secondary data during the period 2005-2018 sourced from the Financial Services Authority (OJK). The study analysis used a quantitative approach by applying the multiple regression model estimated by OLS. The findings of the study indicated that total assets and third-party funds has a positive and significant effect, while the financing has a negative and significant effect on Islamic banking revenue in Indonesia during the analysis period
Imade Yoga Prasada, Tri Fatma Mala Yulhar, Tia Alfina Rosa
Jurnal Ekonomi Pembangunan, Volume 18, pp 95-104; doi:10.29259/jep.v18i2.11664

Poverty is currently a major problem that must be resolved in various regions in Indonesia, including areas in Java. Java Island is the island with the highest number of poor people compared to other islands in Indonesia. The aim of this study was to determine the determinants of poverty levels in Java and formulate policy recommendations that can be implied to overcome poverty. Research variables have used secondary data from six provinces in Java sourced from the Central Statistics Agency, namely poverty level data, Human Development Index (HDI), inflation rate data, open unemployment rate data, and Regional Minimum Wage data (UMR). The data was compiled into panel data and analyzed using OLS Model. The analysis showed that the determinants of poverty levels in Java were inflation rates, Human Development Index, Regional Minimum Wages, and open unemployment rates, so that all determinants need to be considered properly to formulate policy recommendations that able to overcome poverty in Java.
Izzun Nafiah
Jurnal Ekonomi Pembangunan, Volume 18, pp 105-118; doi:10.29259/jep.v18i2.11929

Government policies that are directly related to the relationship between workers and companies are determining minimum wages. The effect of this minimum wage becomes more varied for developing countries with large populations such as Indonesia. Young workers have sensitive effect to fluctuation of the minimum wage policy, whereas the percentage of Indonesia young workers is more than 20 percent of the total workforce in 2015-2019. Therefore, the aim of this research is to analyze the effect of minimum wage policies on the status of young workers in Indonesia using quantitative data from the National Labour Force Survey (Sakernas) 2015-2019 with the multinomial logit analysis method. The results of this study are an increase in the minimum wage decreases the probability of young workers to have status as paid workers in the covered sector. In urban areas, an increase in the minimum wage increases the probability of young male workers being unemployed and decreases the probability being self-employed. On the other hand, an increase in the minimum wage causes female urban workers reducing the probability of being unemployed and increasing the probability of them being self-employed. Therefore, the minimum wage policy must be balanced with strengthen the education and training and also consider policies that increase youth labor market opportunities but do not increase employer costs for young workers. On the other hand, the government must be continuous to improve policies that support the progress of informal sector, for example in terms of providing capital, reducing loan interest rates, etc.
Ferry Maurist Sitorus, Padang Wicaksono
Jurnal Ekonomi Pembangunan, Volume 18, pp 163-176; doi:10.29259/jep.v18i2.12788

The mismatch between educational and occupational qualifications is an issue that still frequently occurs in the Indonesian job market. This study aims to sudy the probability of educational mismatch in workers and how it was related to the wages received. The data used in this study was gained from the National Labor Force Survey (Sakernas) August 2019. The unit of analysis used are workers that have status as labor/employee/employees who are 15 years old and above. Contingency coefficient analysis was used to investigate the correlation between mismatch and workers’ wages, and multinomial logistic regression analysis was used to investigate the determinants of educational mismatch. The results showed that educational mismatch in the Indonesian labor market was still quite high, in which from a total sample of 178.085 workers / laborers, 25,79% were overeduaction and 17,98% were undereducation. The results of the contingency coefficient showed that there was a correlation between educational mismatch status and workers' wages. Then based on the result of the multinomial logistic regression test, it was found that workers with overeducation status had a greater chance of those who had a longer length of schooling, who were male and urban, while workers with undereducation status had a greater chance of those with shorter school years, who were female and live in rural areas.
Andi Kustanto
Jurnal Ekonomi Pembangunan, Volume 18, pp 129-146; doi:10.29259/jep.v18i2.12553

The threat of TB continues to occur in the world. In 2018, 10 million people suffered from TB, and 1.5 million people die from this infectious disease. Referring to target 3 of Sustainable Development Goals (SDGs) goals 03 regarding good health and well-being, by 2030, end the epidemic of AIDS, TB, malaria, and neglected tropical diseases and combat hepatitis, water-borne diseases, and other communicable diseases. Based on data from the WHO, Indonesia ranks 3rd for TB cases globally. The estimated population suffering from TB is 845,000 cases; only 68 percent of cases were found and treated in 2018. The high number of TB cases in Indonesia could threaten the golden generation's opportunity in the next 2025 demographic bonus, where the number of productive age population is higher than the population non-productive age. This study found that population factors such as population, population density, and the number of poor people had a positive and significant effect on TB cases. In contrast, the GRDP per capita, the number of health workers, and literacy rates negatively affected the TB cases.Furthermore,environmental factors from the availability of proper sanitation and toilet facilities show a negative but insignificant effect on TB cases.
Mimi Hardini, Wasiaturrahma Wasiaturrahma
Jurnal Ekonomi Pembangunan, Volume 18, pp 147-162; doi:10.29259/jep.v18i2.12753

The Easterlin Paradox triggers the use of happiness as a measure of Wellbeing. The welfare can be measured by monetary measurement and comprehensive to subjective measurement, one of which is social capital. This study shows the influence of social capital on the level of individual happiness in Indonesia. The study uses the 2007 and 2014 Indonesia Family Life Survey (IFLS) data. Using the Logit Regression Panel, the results show a positive influence on social capital, which contains trust, social networks, and sanctions and norms on several dimensions on the level of individual happiness. We also found that individual happiness levels are based on age, marital status, income level, education level, health status. Therefore, we need programs that prioritize community participation to increase informal social interaction and the need for effective programs to accelerate community income.
Sri Andaiyani, Ariodillah Hidayat, Fida Muthia, Nona Widharosa, Mardalena Mardalena
Jurnal Ekonomi Pembangunan, Volume 18, pp 119-128; doi:10.29259/jep.v18i2.12346

The objective of this study is to test the trilemma and the quadrilemma monetary policy using Indonesia data with covering years 1983 – 2017. The research suggest that the monetary independence and capital account openness might have been more passionately pursued by Bank Indonesia for testing the trilemma; while testing of the quadrilemma, the concentration seems to have shifted to take a middle position within each policy objectives. In this study, the full sample period is split in three subsamples: 1983-2017, 1983 – 1999 and 2000 – 2017. The methodology used in this research is ordinary least square. Our findings show that the policy might have shifted from exchange rate stability, capital account openness and foreign reserves in the first subsample to other four policy objectives in the second subsample. It indicates that foreign reserve plays as fourth objective leading the central bank to achieve at the same time the three “impossible” goals. Therefore, taking into account foreign reserve as a monetary policy objective is deserved. Adequacy of reserves could higher our capacity to prevent or mitigate external shocks.
Intan Dana Lestari, Nury Effendi, Anhar Fauzan Priyono
Jurnal Ekonomi Pembangunan, Volume 18, pp 177-189; doi:10.29259/jep.v18i2.12565

Environmental degradation is one of the major problems in the world recently and one of the United Nations’ (UN) sustainable development goals (SDGs). Emerging markets countries that have become major players in the global economy and the main source of world economic growth have great potential to contribute the environmental degradation due to increased economic activities. This paper investigates the impact of financial development and economic growth on environmental degradation in Asian emerging markets. A panel environmental degradation model using financial development from banking sector and capital market sector, economic growth, Foreign Direct Investment (FDI), and urbanization variables that are major determinants of CO2 emission as a proxy of environmental degradation. The periods considered were 1980 – 2018 for banking model, and 1996 – 2018 for financial sector model (banking sector and capital market sector). A panel data approach applied such as cross-section dependence, panel unit root, panel cointegration, Fully Modified OLS (FMOLS) and Dynamic Ordinary Least Square (DOLS). The empirical finding revealed that in Asian emerging markets there is positively long-term relationship between financial development from banking model with environmental degradation. Nevertheless, we do not find any long-term relationship between financial development from financial sector model with environmental degradation. Moreover, the quadratic negative signed for economic growth showed the existence of Environmental Kuznets Curve (EKC).
Tyas Titi Hapsari, Aisyah Fitri Yuniasih
Jurnal Ekonomi Pembangunan, Volume 18, pp 75-84; doi:10.29259/jep.v18i1.9978

Cocoa is one of the leading commodities from the plantation sub-sector in Indonesia. At the world level, Indonesia is the third-largest producer of cocoa beans after Côte d’Ivoire and Ghana (FAO, 2017). However, Indonesia still exports cocoa in the form of (raw) beans which results in the loss of added value and not developing the domestic cocoa industry. For this reason, the government issued No. 67/PMK.011/ 2010 concerning the imposition of Export Levy and Export Levy Tariffs to suppress the export of cocoa beans and then increase the competitiveness of processed cocoa exports. The purpose of this study was to determine the competitiveness performance of Indonesian processed cocoa to Germany and what factors influenced the export competitiveness in 1992-2017. This study uses secondary data from various sources that were analyzed using Revealed Comparative Advantage (RCA) and Error Correction Mechanism (ECM). The analysis shows that in the long run the variable exchange rate, world cocoa prices, and dummy export duty significantly affect competitiveness while in the short term, population variables and world cocoa prices significantly influence competitiveness.
Ayinde Taofeek Olusola
Jurnal Ekonomi Pembangunan, Volume 18, pp 1-12; doi:10.29259/jep.v18i1.9688

The study investigates policy lags and exchange rate dynamics in Nigeria. The downswing in the Nigerian economy attributed to recurring exchange rate fluctuations justifies this empirical investigation. The period of investigation spans 1970 – 2016 and the data were obtained from the various issues of the Central Bank of Nigeria (CBN) Statistical Bulletin and the Annual Statistics of the National Bureau of Statistics (NBS). Anchored on the monetary theory of exchange rate, the Markov-Switching Dynamic Regression (MSDR) was employed as the technique of analysis. The findings show that the supply of broad money in Nigeria is endogenous in nature as it serves as the adjustment variable for the stabilization of exchange rate in the economy. Also, the results obtained indicated that changes in the exchange rate affect the overall government income and that the Nigerian economy is still foreign dependent. An expansionary monetary policy takes three (3) years to stabilize exchange rate in Nigeria while an expansionary fiscal policy only takes one and a half (11/2) years. By implication, monetary policy is half-effective as the fiscal policy. Besides, there is evidence of fiscal dominance in Nigeria. The study found two exchange regimes of fixed- and managed-float. More so, fixed exchange rate regime in Nigeria was just not persistent but that the probability of transiting to a managed-float regime was relatively lower.
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