Jurnal Ekonomi Pembangunan

Journal Information
ISSN / EISSN : 18295843 / 26850788
Current Publisher: Faculty of Economics, Universitas Sriwijaya (10.29259)
Total articles ≅ 33

Latest articles in this journal

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.
Firman Herdiansah, Setyo Tri Wahyudi
Jurnal Ekonomi Pembangunan, Volume 18, pp 63-74; doi:10.29259/jep.v18i1.11604

Indonesia's regional economy that is proxy by using Gross Regional Domestic Product (GRDP) per capita to form clusters is investigated. Besides, by using the Spatial Auto-regression (SAR) model, the effect of household consumption in a region to the surrounding area's economy is examined. The study on this topic is rather limited, especially in the regional economic development of the country. Furthermore, Indonesia is a heterogeneous country, and its consequence is that development policy should consider the geographic characteristics of the country. The results show that there are regional economy clusters in Java, Kalimantan, Sulawesi, and Sumatra. In contrast, household consumption in a region has a weak influence on the economy in the surrounding area.
Dita Kusumasari
Jurnal Ekonomi Pembangunan, Volume 18, pp 21-30; doi:10.29259/jep.v18i1.10801

Indonesia has received external debt as an external source of finance to fill in the investment-saving gap in achieving economic growth to improve social welfare. Despite Indonesian economy is able to recover to some extent, based on Bank Indonesia (2018), Indonesia’s external debt at the end of Q2/2018 still amounted to USD 355,7 billion; consisting of government and central bank external debt of USD 179.7 billion, as well as private sector (including state-owned enterprises) external debt of USD 176.0 billion. Therefore, this study aims to examine the trend and impact of external debt on economic growth in the context of Indonesia’s economy. If external debt is found to lead to debt trap, or already in the condition of growth-led debt, its benefits for economic development should be reviewed properly and government policies regarding external debt need to be redesigned. This study is a qualitative research in the form of case study of External Debt and its critical impact in Indonesia. Through observation, data comparison and literature study, it is found that external debt of Indonesia has been dominated by US Dollar and Japanese Yen, which assumed to cause surge in debt repayment.
Nadya Carissa, Rifki Khoirudin
Jurnal Ekonomi Pembangunan, Volume 18, pp 37-46; doi:10.29259/jep.v18i1.9826

This study to determine the money supply, interest rates, inflation, and imports toward rupiah exchange rates. The analysis method in this study used a quantitative approach that applies multiple regression models. Data used secondary data in the form of time series during the period of August 2016 until June 2019. The finding's results show that jointly money supply, interest rates, inflation, and imports have a significant effect on the rupiah exchange rate. While partially, the variable of money supply, interest rates, and imports has a positive and significant effect on the rupiah exchange rate. But the inflation rate has an insignificant effect on the Rupiah exchange rate. From the results of this study the government is expected to control the money supply and maintain the balance of payments by minimizing the amount of imports.
Andi Kustanto
Jurnal Ekonomi Pembangunan, Volume 18, pp 47-62; doi:10.29259/jep.v18i1.11509

Population growth and the construction of settlements and industrial estates continue to increase at an unprecedented rate that has created gains and losses on environmental quality. The trend of population growth shows a declining trend but is not directly proportional to the fluctuating water quality index over the past ten years. The study uses secondary data with the quantitative approach using the panel data Fixed Effect Model (FEM) with Generalized Least Squares (GLS) to examine socioeconomic indicators in 34 provinces on water quality in Indonesia. Through analysis in this study shows that explanatory variables of the number of population and population density have a negative and significant effect on water quality in Indonesia of 4.69 and 1.95—ceteris paribus. The control variables of the number of establishments of micro and small scale manufacturing industry, and a group of workers, GRDP per capita, and realization of foreign direct investment show negative and significant results on water quality in Indonesia. It indicates that environmental management in Indonesia experiences a higher pressure from the utilization of ecological resources compared to efforts to improve the environment itself. Whereas household control variables of households and improve sanitation, the volume of water distributed by water supply establishment and the squared of GRDP per capita show positive and significant results on water quality in Indonesia, which shows that this is evidence of the government's success in managing the environment better.
Mukhlis Mukhlis
Jurnal Ekonomi Pembangunan, Volume 18, pp 13-20; doi:10.29259/jep.v18i1.10847

Small industries are life-sustaining for communities because of their political and strategic position in terms of creating job opportunities and increasing revenue. One small industrial sector that has the potential to be developed is the food industry. Small food industries are widely scattered in every area, including in the city of Palembang. A small industrial group of food that became one of the culinary icons in Palembang is the cracker industry. This type of industry is a culinary icon that has been famous for foreign countries. Nevertheless, the cracker industry is still experiencing obstacles in terms of capital and marketing. The cost of raw materials is relatively expensive to technically trigger the industry inefficiencies. Therefore, it is necessary to review the technical efficiency of this small industry. The variables used in this study were capital, labor, and output. The data used is secondary data that is analyzed by using the Stochastic Frontier Analysis (SFA) approach. The results showed that the technical efficiency achievement of small industrial crackers in South Sumatera is still categorized as low. The use of labor input is more effective than capital use as a result of the utilization of technology and local resources. Therefore, the development of small industrial crackers through an efficiency approach cannot be separated from the application of technology, human resource management, marketing, and business climate.
Yunisvita Yunisvita
Jurnal Ekonomi Pembangunan, Volume 18, pp 31-36; doi:10.29259/jep.v18i1.11057

This study aims to examine empirically the power of monopsony in the academic labor market, particularly in public universities. Upward sloping supply curve is indicative of monopsony and its power supply elasticity is suspected of demand for lecturers. The method used to estimate the supply equation for lecturer at four public universities in Indonesia is OLS model. A stratified sample is determined proportionally as much as 348 lecturers, by academic rank, gender and discipline. It is found that the supply elasticity is inelastic indicating that earnings lecturers are in non-competitive conditions. When employers face an inelastic supply curve, the marginal expenditure and average expenditure is very much different, which gave it the power to set wages, so it implies that the power of monopsony is big.
Ichsan Hamidi, Suhel Suhel, Abdul Latif
Jurnal Ekonomi Pembangunan, Volume 17, pp 24-30; doi:10.29259/jep.v17i1.8965

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Hamira Hamira, Bernadette Robiani, Mukhlis Mukhlis
Jurnal Ekonomi Pembangunan, Volume 17, pp 8-15; doi:10.29259/jep.v17i1.8917

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