Jurnal Ekonomi Pembangunan
Jurnal Ekonomi Pembangunan is a peer-reviewed journal that provides a forum for scientific works pertaining to Development Economics. Published twice in a year (June and December). This Journal has p-ISSN 1829-5843, and e-ISSN 2685-0788. This journal was first published since June 2003 by the Department of Development Economics, Faculty of Economics, Universitas Sriwijaya. Editors receive manuscripts of unpublished paper contributions in other journals. JEP is expected to be used as a reference for academicians in writing a scientific, relevant, and dynamic article to enhance the new generation that is found in writing an academic paper.
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<![CDATA[Do Financial Deepening, Government Spending, and Unemployment Benefit Poverty Reduction in Indonesia? ]]>
<![CDATA[Elya Florennica]]>;
<![CDATA[Ratu Eva Febriani]]>
<![CDATA[ Jurnal Ekonomi Pembangunan Vol 20, No 2 (2022): Jurnal Ekonomi Pembangunan ]]>
Publisher : <![CDATA[Department of Development Economics, Universitas Sriwijaya ]]>
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DOI: 10.29259/jep.v20i2.18610
<![CDATA[Poverty is classic problem faced in anycountry, various policies are carried out to reduce poverty to prosper the community. This study aims to analyze the effect of financial deepening, government spending, and unemployment on poverty in Indonesia. Observations were made in 33 provinces in Indonesia during the period 2012-2020. The model used is a panel data regression with fixed effect model. The results of this study indicate the financial deepening has a negative and significant effect on poverty, government spending has a negative and significant effect on poverty, and unemployment has a positive and significant effect on poverty. The implication is necessary to increase the role of the financial sector in every province in Indonesia, especially areas that are still low in financial deepening, optimize and increase government spending so that it can create new jobs and reduce the unemployment rate and poverty.]]>
<![CDATA[Impact of ASEAN Plus Five Free Trade Area: Trade Creation and Trade Diversion ]]>
<![CDATA[Sony Vebiyanto]]>;
<![CDATA[Hastarini Dwi Atmanti]]>
<![CDATA[ Jurnal Ekonomi Pembangunan Vol 20, No 2 (2022): Jurnal Ekonomi Pembangunan ]]>
Publisher : <![CDATA[Department of Development Economics, Universitas Sriwijaya ]]>
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DOI: 10.29259/jep.v20i2.18718
<![CDATA[One of the ways to reduce international trade barriers is through the Free Trade Area (FTA). Collectively, ASEAN already has five FTAs with trading partners outside Southeast Asia. This study intends to analyze the effect of free trade agreements between ASEAN and China, South Korea, Japan, India, and Australia – New Zealand (ASEAN+5 FTA). The implications of an FTA are explained using the concepts of trade creation and trade diversion through economic integration. The trade gravity model is expanded with three dummy variables to determine whether trade creation and trade diversion occur in the formation of each of these FTAs. Static panel data regression is used to analyze the effect of Free Trade Agreements on intra-regional trade flows, export flows to non-members, and import flows from non-FTA members. The fixed effect model is applied to overcome endogeneity problems, while the PPML estimator is chosen to get the best estimation results amid heteroscedasticity and zero trade flow problems that usually occur in trade flows. Estimation results show that the trade creation effect occurs only in ACFTA and AIFTA, while other FTAs harm member countries through trade diversion. Therefore, further evaluation and efforts regarding the use of FTAs are needed to achieve the goals of FTAs.]]>
<![CDATA[The Link between Crude Palm Oil and Crude Oil Price in Various Periods of the Biodiesel Mandatory Policy in Indonesia ]]>
<![CDATA[Nency Febrina Limbong]]>;
<![CDATA[Alin Halimatussadiah]]>
<![CDATA[ Jurnal Ekonomi Pembangunan Vol 20, No 2 (2022): Jurnal Ekonomi Pembangunan ]]>
Publisher : <![CDATA[Department of Development Economics, Universitas Sriwijaya ]]>
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DOI: 10.29259/jep.v20i2.18475
<![CDATA[The biodiesel policy brought changes in the analysis of crude palm oil (CPO) prices. Supply and demand are no longer the main factors, but the correlation between CPO and crude oil prices. The main objective of this study is to provide an empirical study of the relationship between CPO and Indonesian Crude oil Price (ICP) in various periods of mandatory biodiesel policy in Indonesia. Using the Ordinary Least Square (OLS) method of time series data from 2001-2021, this study shows that in general CPO and ICP are positively and significantly correlated, but the price link is very dependent on the biodiesel policy that is implemented. ICP and CPO are positively and significantly correlated in the biodiesel mandatory period with limited subsidies (2006-2015) and in the biodiesel mandatory period with incentives which combined with progressive CPO export levies tariff (2020-2021). ICP and CPO are not correlated during the mandatory biodiesel period, combined with incentives and a fixed CPO export levy tariff (2016-2019). When CPO and ICP prices are strongly and significantly correlated, stock increases are not associated with a decrease in CPO prices. However, when the CPO and ICP prices are not significantly correlated, the stock increase is followed by a decrease in the CPO price. CPO price stabilization only occurs during the biodiesel mandatory period, combined with incentives and a fixed CPO export levy tariff.]]>
<![CDATA[The Impact of FDI and Economic Growth on Environmental Damage in Member Countries of the Organization of Islamic Cooperation ]]>
<![CDATA[Muhammad Fadhlan Shiddiq]]>;
<![CDATA[Taosige Wau]]>
<![CDATA[ Jurnal Ekonomi Pembangunan Vol 20, No 2 (2022): Jurnal Ekonomi Pembangunan ]]>
Publisher : <![CDATA[Department of Development Economics, Universitas Sriwijaya ]]>
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DOI: 10.29259/jep.v20i2.18807
<![CDATA[Global warming due to environmental damage is a serious problem for all countries in the world. The aim of this research is to analyze the impact of FDI and economic growth on environmental damage and to test the existence of the environmental Kuznets curve in Organization of Islamic Cooperation (OIC) member countries. This research uses secondary data that is a panel, consisting of 57 OIC member countries as a cross-sectional unit from 1998-2020. The data analysis method used in this research is a panel regression model with a fixed effect model (FEM) estimation method approach. This research found that foreign direct investment and economic growth have positive impacts and significant on environmental damage. This research also found that the environmental Kuznets curve hypothesis is also proven to exist in 57 OIC member countries. The policy implication that must be carried out is that the governments of OIC member countries must ensure that FDI which enters the country is FDI that uses environmentally friendly technology so that this FDI is not only good for the economy, but also good for the environment. Economic growth in society must also be accompanied by the increase of public awareness on the environment. This can be achieved through improvements in education. In this way, economic growth will have a good impact on the environment.]]>
<![CDATA[Reviewing the Impact of COVID-19 on the Performance of Small Industries in South Sumatra ]]>
<![CDATA[Mukhlis Mukhlis]]>;
<![CDATA[Bernadette Robiani]]>;
<![CDATA[Nazeli Adnan]]>;
<![CDATA[Hamira Hamira]]>;
<![CDATA[Dirta Pratama Atiyatna]]>
<![CDATA[ Jurnal Ekonomi Pembangunan Vol 20, No 2 (2022): Jurnal Ekonomi Pembangunan ]]>
Publisher : <![CDATA[Department of Development Economics, Universitas Sriwijaya ]]>
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DOI: 10.29259/jep.v20i2.19918
<![CDATA[In early 2020, the COVID-19 virus outbreak spread globally and had a negative impact on the economy. The large-scale social restriction policy implemented by the South Sumatra government to contain the development of the virus has had a negative impact on small industries. This study aims to analyze the impact of COVID-19 on small industries in South Sumatra Province. The data used are primary data from 60 samples of small industries and secondary data sourced from agencies. The analysis technique used is quantitative and qualitative analysis techniques. The results of the Wilcoxon signed test show that the COVID-19 pandemic has caused a decline in profits and labor in small industries in South Sumatra Province. Small industries have felt the negative impact of the presence of COVID-19 but they can still survive and it is easy for their businesses to get back on their feet. For this reason, various policies are needed to develop small industries in South Sumatra Province.]]>
<![CDATA[Revisiting the Impact of Density on Social Capital: A Study Case in the Capital City of Indonesia ]]>
<![CDATA[Usep Nugraha]]>;
<![CDATA[Rus’an Nasrudin]]>
<![CDATA[ Jurnal Ekonomi Pembangunan Vol 20, No 2 (2022): Jurnal Ekonomi Pembangunan ]]>
Publisher : <![CDATA[Department of Development Economics, Universitas Sriwijaya ]]>
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DOI: 10.29259/jep.v20i2.19214
<![CDATA[Density is an important indicator closely related to the rate of urbanisation in cities. Density alters social capital, yet the directions of the association remain an open empirical investigation. This study aims to analyse how density and social capital are related in Jakarta, the capital, and the most populous city in Indonesia. Utilising a simple regression and an entropy balance approach to address the selection issue, this study finds that an increase in density of 10 thousand inhabitants per square kilometre is associated with a 2% higher possibility of societies having high social capital. The result is also robust using another definition of social capital and transformation of density variable. A policy recommendation that can be taken based on this study’s results is that the government can design dense urban planning as a model of sustainable urban design, particularly the sustainability in social aspects.]]>
<![CDATA[COVID-19 Social Assistance Program and Poverty: Evidence from Indonesia ]]>
<![CDATA[Sri Juli Asdiyanti Samuda]]>;
<![CDATA[Erna Suprihartiningsih]]>
<![CDATA[ Jurnal Ekonomi Pembangunan Vol 20, No 2 (2022): Jurnal Ekonomi Pembangunan ]]>
Publisher : <![CDATA[Department of Development Economics, Universitas Sriwijaya ]]>
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DOI: 10.29259/jep.v20i2.19088
<![CDATA[The COVID-19 pandemic and policy response caused widespread disruptions to Indonesia's economy. Besides prioritizing saving people's lives during the COVID-19 pandemic, the government's focus is also to minimize the negative economic impact of the pandemic, including allocating social assistance programs to support household well-being. This study examines the role of COVID-19 social assistance programs in protecting households from falling into poverty during the COVID-19 pandemic. Using a longitudinal dataset from SUSENAS March and September 2020, this study employs difference-in-difference estimation with a conditional logit model to estimate the impact of COVID-19 social assistance programs on household poverty status. The result shows that the COVID-19 social assistance programs positively prevent households from becoming poor during the COVID-19 pandemic.]]>
<![CDATA[Linkages between Sectors and Regions in the Aceh Economy ]]>
<![CDATA[Miftakhul Jannah]]>;
<![CDATA[Eddy Junaidi]]>
<![CDATA[ Jurnal Ekonomi Pembangunan Vol 20, No 2 (2022): Jurnal Ekonomi Pembangunan ]]>
Publisher : <![CDATA[Department of Development Economics, Universitas Sriwijaya ]]>
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DOI: 10.29259/jep.v20i2.18492
<![CDATA[This study analyzes the economy of Aceh not only based on the linkage between industries but also based on the linkage between regions. The analysis used forward linkages and backward links to determine the leading sectors in Aceh. The data used is secondary data from Indonesia's 2016 Inter-Regional Input Output (IRIO) based on domestic transactions at producer prices. The data is sourced from Statistics Indonesia. The study results show that the key sectors in Aceh are Electricity and Gas and Manufacturing. These sectors have the highest spreading power (backward linkage) and sensitivity (forward linkage) because they are in the first quadrant. In addition, inter-regional linkage analysis shows that the final demand shock in Aceh has a large output impact on DKI Jakarta, North Sumatera, and Riau. On the other hand, the economy of Aceh was affected by the final demand shock from several provinces on the island of Sumatra, namely North Sumatera, Bengkulu, West Sumatera, Jambi, and Sumatra Selatan. The policy implications that can be applied to increase labor skills and management in leading sectors will have a multiplier effect on other sectors and the cooperation between provinces in a special economic zone.]]>
<![CDATA[Does Globalization Worsen Environmental Quality in ASEAN Countries? ]]>
<![CDATA[Stannia Cahaya Suci]]>;
<![CDATA[Vadilla Mutia Zahara]]>;
<![CDATA[Rah Adi Fahmi Ginanjar]]>;
<![CDATA[Cep Jandi Anwar]]>
<![CDATA[ Jurnal Ekonomi Pembangunan Vol 20, No 2 (2022): Jurnal Ekonomi Pembangunan ]]>
Publisher : <![CDATA[Department of Development Economics, Universitas Sriwijaya ]]>
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DOI: 10.29259/jep.v20i2.19176
<![CDATA[The era of globalization, which is characterized by integration between economies, increases world output, but environmental damage becomes an important concern to achieve sustainable growth. Therefore, this study intends to estimate the impact of globalization in economic, social side and political terms together with the variables of GDP per capita, financial development and energy spending on carbon emissions and to prove the presence of Kuznets Environmental Curve Hypothesis in ASEAN using panel data over 2000-2019 period. The results of the study proved that globalization, especially social globalization, and energy consumption have role in escalating environmental damage. GDP per capita is found in the reduction of carbon emissions but financial development was discovered to have no significant impact on increasing carbon emissions. This study does not prove the presence of EKC. Hence, this proposes crucial implications for policy makers. These findings suggest that the policy makers to make sustainable energy development strategies while increasing regional income and economic development through globalization.]]>
<![CDATA[The Impact of Fiscal-Monetary Policy Interaction on the Indonesian Economy ]]>
<![CDATA[Chairani Fadhila Pravitasari]]>;
<![CDATA[Insukindro Insukindro]]>
<![CDATA[ Jurnal Ekonomi Pembangunan Vol 20, No 2 (2022): Jurnal Ekonomi Pembangunan ]]>
Publisher : <![CDATA[Department of Development Economics, Universitas Sriwijaya ]]>
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DOI: 10.29259/jep.v20i2.18586
<![CDATA[This study seeks to examine the interactions between fiscal and monetary policies and their impact on output and inflation in Indonesia from 2003:4 to 2018:4 using Structural Vector Autoregression (SVAR). It is important to investigate the coordination between both because overall macroeconomic policy framework requires a close coordination between monetary and financial policies. The variables utilized are government spending, debt, output gap, tax, inflation, interest rate, and exchange rate obtained from the Indonesian Ministry of Finance, the Indonesian Statistics, and Bank of Indonesia. Government spending as a proxy for fiscal policy and interest rate as a proxy for monetary policy have a strategic complement relationship, whereas tax revenue as a proxy for fiscal policy and interest rate as a proxy for monetary policy have a strategic substitutes relationship.]]>
