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INDONESIA
Jambura Equilibrium Journal
ISSN : 26559110     EISSN : 26560445     DOI : 10.37479
Core Subject : Economy, Social,
The aims fo this journal is to provide a venue for academicians, researchers and practitioners for publishing the original research articles or reviews articles. The scope of the articles published in this journal deal with a broad range of topics, including Ecocnomic Development, Regional Develompent Planning, Public Finance, Economi of Small and Medium Enterprise, Financial and Monetery Policy, Project Evaluation, Modelling and Econometrics.
Arjuna Subject : -
Articles 50 Documents
Analysis of the Viability of Fiscal and Monetary Policies on the Recovery of Household Consumption Expenditures Because of the Covid-19 Pandemic Fahrul Riza; William Wiriyanata
Jambura Equilibrium Journal Vol 3, No 1 (2021): Vol 3. No. 1. January 2021
Publisher : Gorontalo State University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37479/jej.v3i1.10166

Abstract

The Covid-19 outbreak disrupted economic activity in almost all countries. The Indonesian economy entered a recession phase as a result of the continued contraction in economic growth in the second and third quarters of 2020. According to Keynesian economic theory, the combination of fiscal policy and monetary policy was more effective in recovering the economy from the crisis, this study aims to measure the effect of government spending, money supply, inflation and interest rates on aggregate household consumption expenditure. This study used a quantitative method, using monthly time series data from January 2015 to December 2020. The data were analyzed using the Vector Error Correction Model (VECM). The results show that government spending has a negative impact on household aggregate expenditure in the long run meanwhile interest rate has a positive impact on household consumption expenditure. Inflation do not affect aggregate household consumption expenditure, both in the short and long term. The results of the analysis are useful for evaluating the policies taken by the government to overcome the economic crisis due to the spread of the Covid-19 outbreak. The government increases aggregate expenditure to cover the decline in household aggregate consumption expenditure due to a decrease in household real income. Then expansionary monetary policy in the long run will increase aggregate demand. Therefore, the Ministry of Finance together with Bank Indonesia needs to design other policies that will have a positive impact on economic recovery in the short term. This study has not included other macro indicators that affect household consumption expenditures such as unemployment, taxes and the household marginal propensity to saving (MPS). Keywords: Household Aggregate Expenditure; Government Expenditure; Inflation; VECM
Comparison of Economic Sector Performance and Its Impact on Poverty in Gorontalo Province and North Sulawesi Province Ginndy Pratiwi Putri Damiti; Sri Indriyani S. Dai
Jambura Equilibrium Journal Vol 3, No 1 (2021): Vol 3. No. 1. January 2021
Publisher : Gorontalo State University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37479/jej.v3i1.10006

Abstract

This study aims to identify and analyze the performance of the economic sector on poverty in 2013-2017. The variables in this study are poverty as the dependent variable, and primary sector economic growth, secondary sector economic growth, and tertiary sector economic growth as independent variables. The data used in this study is secondary data obtained from BPS (Central Statistics Agency) Gorontalo Province and North Sulawesi Province. The analysis method used is panel data regression with a fixed effect model approach. In processing the data, the author uses the help of E-views 9 software. Based on the estimation results, it is found that the primary sector economic growth has a positive effect on poverty in Gorontalo Province. Meanwhile, the primary sector has a negative effect in North Sulawesi Province. Secondary sector economic growth has a negative effect on poverty in Gorontalo Province. Meanwhile, the secondary sector economic growth has a positive effect in North Sulawesi Province. Tertiary sector growth has a positive effect on poverty in Gorontalo Province. Meanwhile, the tertiary sector has a positive effect in North Sulawesi Province. Keywords: Poverty; Sectoral Economic Growth
Analysis of Financing Prospects of Mandiri Syariah Bank (BSM) in Pemalang Ruchul Qisthi Izzati; Nining Nurhasanah
Jambura Equilibrium Journal Vol 3, No 1 (2021): Vol 3. No. 1. January 2021
Publisher : Gorontalo State University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37479/jej.v3i1.10007

Abstract

The author conducted research on the Prospect Analysis of Bank Syariah Mandiri (BSM) in Pemalang City, the majority of which are inhabited by Muslims. So that the urgency of establishing a Sharia Financial Institution is very important. Because if it is allowed, the community will be entangled in transactions that are prohibited in Islam, namely usury. The aim is to analyze the prospects for Bank Syariah Mandiri (BSM) in Pemalang City and to find out how much potential the establishment of Bank Mandiri Syariah in Pemalang City. The research method used is a descriptive exploratory research model with a quantitative approach and analysis with a qualitative approach. The conclusion of this study is that based on the macroeconomic aspect, the establishment of Bank Syariah Mandiri in Pemalang City has a very big opportunity to be established. In the aspect of operational analysis, there is an appropriate place for the establishment of Bank Syariah Mandiri in Pemalang City. The right place to set up Bank Syariah Mandiri is located at Jalan Jend. Sudirman Mulyoharjo, Pemalang Regency. And in the market aspect, the authors conducted a survey on SMEs in Pemalang City. And the result is 79% of SMEs in Pemalang City are interested in the existence of Bank Syariah Mandiri. Keywords: Financing; Prospect; Prospect Analysis
Convergence Islamic Values as Economic Development Dede Aji Mardani
Jambura Equilibrium Journal Vol 3, No 1 (2021): Vol 3. No. 1. January 2021
Publisher : Gorontalo State University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37479/jej.v3i1.10012

Abstract

Tasikmalaya economic growth has been increasing economic growth in the last 10 years .This is influenced by the fulfillment of unlimited human needs.This study aims to analyze the relationship between religious values held by entrepreneurs and economic growth. The method used is descriptive qualitative with an economic anthropology approach. The results show that entrepreneurs who come from various ethnic in Indonesia show that religious teachings really influence the level of their business activities. That business is not only for material purposes only but is further than that as an end day investment. The values of religious sacredness have been inherent in the personality of entrepreneurs such as honesty, frugality, openness and transparency, which are religious values taught when making transactions. These religious values in fact have an impact on increasing the value of sales in their business, with the increase in their business directly driving regional economic growth. income increases, unemployment decreases, local taxes increase. This shows that the work ethic of Muslim entrepreneurs in Tasikmalaya has helped in national economic growth. Finally, the local government can maintain harmony and peace in the economic and political situation of Tasikmalaya so that the climate of economic growth and the prosperity of the people can be maintained. Keywords: Islamic Work Ethic; Islamic Values; Moslem Entrepreneur
The Analyze Of Investment For Alleviating Unemployment Problems in Banten Province Sugeng Setyadi; Oki Oktaviana
Jambura Equilibrium Journal Vol 3, No 1 (2021): Vol 3. No. 1. January 2021
Publisher : Gorontalo State University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37479/jej.v3i1.10027

Abstract

The amount of investment coming into the Banten province has not been in line with the absorption of labor so that the percentage of the unemployment rate in this region always shows above the national average. Therefore, this study aims to analyze the investment in the Banten region in order to obtain a strategy that can alleviate unemployment problems. The research was conducted through a qualitative descriptive approach carried out from August to November 2019. In addition to being based on secondary data obtained from legitimate institutions, to strengthen the results of the analysis, focus group discussions were carried out involving related stakeholders. The results showed that in terms of the distribution of investment in each district/ city, proportion of investment that comes from FDI and DDI or even government spending is dominated by the North Banten and Central Banten regions. So far, the sectors that have become the priority of investors are electricity, gas and water, transportation, warehousing, and telecommunications, which have relatively few workers. Increasing investment in the agribusiness sector is an alternative for efforts to accelerate the reduction in the unemployment rate in Banten Province. Various agribusiness sub-systems ranging from upstream, on-farm agribusiness, downstream agribusiness and agribusiness service provider sub-systems will absorb a lot of labor if realized Keywords: Unemployment; Investment; Qualitative Method
Labor Decision Analysis In West Sumatra Ridho Saputra; Melty Roza Adry
Jambura Equilibrium Journal Vol 3, No 2 (2021): Vol 3. No. 2. July 2021
Publisher : Gorontalo State University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37479/jej.v3i2.10271

Abstract

This study aims to analysis the determinants of labor employment decisions in West Sumatra.. The data used in this study is SAKERNAS data in 2018. The variables used in this study are workforce employment decisions, education level, gender, age, and residential area. This study uses multinomial logistic regression analysis. The results of this study indicate that: (1) Education has a significant effect on employment decisions for contract wages and wages without contracts compared to entrepreneurs in West Sumatra (2) Gender significantly influences employment decisions for contract wages and wages without contracts compared to entrepreneurs in West Sumatra (3) Age has a significant effect on contractual wage employment decisions compared to entrepneurship, while age variable has no significant effect on contractual wage employment decisions compared to entrepreneurship in West Sumatra (4) The area of residence has a significant effect on wage employment decisions with contracts compared to entrepreneurship, where as variables the area of residence does not significantly influence the decision of wage employment without a contract compared to entrepreneurship in West Sumatra.
The Effect Of Corruption, Democracy And Foreign Debt On Economic Growth In Asian Pacific Countries Rommy Fernando Putra; Dewi Zaini Putri
Jambura Equilibrium Journal Vol 3, No 2 (2021): Vol 3. No. 2. July 2021
Publisher : Gorontalo State University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37479/jej.v3i2.10272

Abstract

Economic growth can be defined as a process of changing the economic conditions of a country on an ongoing basis towards a better condition during a certain period. This study aims to examine the effect of corruption, democracy and external debt on economic growth in 7 countries Asia Pasific. This is because of The Asia Pacific became known around the 1980s when financial market, international trade and political condition have increased. The data used is panel data during the period 2014-2018, and collected by data documentation and library obtained from World Bank, International Transparency and Freedom In The World. Using the panel data regression, the estimation results are (1) Corruption has a positive and significant effect on economic growth in 7 Asia Pacific countries, with a regression coefficient value of -0.2753, (2) Democracy has a positive and significant effect on economic growth in 7 Asia Pacific countries with a regression coefficient value of 0.0586, (3) External debt has a significant positive effect on economic growth in 7 countries Asia Pacific region with a regression coefficient of 0.7604 (4) Corruption, Democracy and External Debt have a significant effect on economic growth in 7 countries in the Asia Pacific region, with a probability value (F-statistic) of 0.0008
The Impact of Covid-19 on The Effect Multiplier on The Household Consumption Function in Jakarta Fahrul Riza; Michael Christianto Leonardo
Jambura Equilibrium Journal Vol 3, No 2 (2021): Vol 3. No. 2. July 2021
Publisher : Gorontalo State University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37479/jej.v3i2.10495

Abstract

The purpose of this study is to examine the effect of a decrease in aggregate income, due to activity restrictions during the Covid-19 pandemic, on household consumption expenditure in Jakarta. The research model is based on the Absolute and Permanent income hypothesis, to see the long-term and short-term effects of changes in income on consumption expenditure. The research method is quantitative by using annual data on consumption expenditure and income at current prices for the period 2003 to 2020. The analysis model uses OLS and ECM regression. The results showed that income has a significant effect on the equation of the short-run and long-run consumption function. The short-term income crisis has an impact on the increase in the multiplier coefficient. In the short term there will also be an adjustment in consumption expenditures, according to what is postulated in the permanent income hypothesis. This indicates that in the short term expansionary fiscal policy is effective in increasing aggregate household consumption expenditure. Further research suggests adding the inflation variable as a proxy for economic conditions. Keywords: Absolute Income Hypothesis, Permanent Income Hypothesis, Household Consumption Expenditures, National Income, Multiplier.
The Labor Market Structure of Transportation Sector in Indonesia: Digital Economy, Investment, Pandemic COVID-19, Job Creation Law Suparna Wijaya
Jambura Equilibrium Journal Vol 3, No 2 (2021): Vol 3. No. 2. July 2021
Publisher : Gorontalo State University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37479/jej.v3i2.10681

Abstract

The development of the digital economy leads to the loss of several jobs and the emergence of new jobs. It also allows labor shifting between the new jobs and the old jobs. This phenomenon could raise the potential for unabsorbed labor which will cause unemployment problems. The COVID-19 pandemic, which requires large-scale social restrictions (PSBB), has certainly affected the transportation sector. This study aims to examine the influence of the digital economy, investment, the COVID-19 pandemic, and the Job Creation Law on the labor market structure of the transportation sector in Indonesia. The research method used is quantitative. The data used are the time series from January 2018 to November 2020. The results of this study indicate that the digital economy has no effect on the structure of the labor market in the transportation sector in Indonesia. Meanwhile, investment, the COVID-19 pandemic, and the Job Creation Law, respectively, have a significant effect on the structure of the labor market in the transportation sector in Indonesia. The impact of investment and the COVID-19 pandemic on the labor market structure of the transportation sector in Indonesia is negative. Meanwhile, the effect of the Job Creation Law on the labor market structure of the transportation sector in Indonesia is positive. Simultaneously, the digital economy, investment, the COVID-19 pandemic, and the Job Creation Law affect the labor market structure of the transportation sector in Indonesia.
Implementation of PSAK 71 In Indonesia: Mutual Fund Investment In Insurance Subsector Companies Andy Kurniawan; Amrie Firmansyah
Jambura Equilibrium Journal Vol 3, No 2 (2021): Vol 3. No. 2. July 2021
Publisher : Gorontalo State University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37479/jej.v3i2.11136

Abstract

Changes in financial accounting standards in Indonesia can result in additional costs that companies, including financial companies, must bear. This study aims to review the implementation of PSAK 71 in insurance companies in Indonesia related to mutual fund investment ownership. The method used in this study is a qualitative method with content analysis. The analysis was conducted with data and information on the financial statements for 2020 and 2019 of insurance sub-sector companies available on www.idx.co.id. A sampling of this study employed purposive sampling with a total sample that amounted to 26 observations. This study concludes that the implementation of PSAK 71 does not affect the measurement and value of mutual fund investments. It only has an impact on the classification of mutual fund investments in the company's financial statements. Also, this study finds that 4 out of 13 insurance companies have implemented a mutual fund investment classification according to PSAK 71 (2017). Insurance companies that have not implemented PSAK 71 (2017) are due to the company's policy that stipulates to apply PSAK 62 (2017), which allows insurance companies to postpone the implementation of PSAK 71 (2017).