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Shochrul Rohmatul Ajija
Contact Email
shochrul-r-a@feb.unair.ac.id
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+6282227423452
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ejavec.journal@gmail.com
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Jl. Pahlawan No.105 Surabaya, Jawa Timur
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INDONESIA
East Java Economic Journal
Published by Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur
ISSN : 25978780     EISSN : 28302001     DOI : https://doi.org/10.53572/ejavec.v6i1.73
Core Subject : Economy, Social,
Economics, Econometrics & Finance Social Sciences
East Java Economic Journal invites manuscripts on an economics area, but not limited to economic development, finance, monetary, international trade, environmental, energy, public economics, econometrics, microfinance, health economics, and political economics related to the economy of East Java.
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 7 Documents
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Search results for , issue "Vol. 7 No. 2 (2023)" : 7 Documents clear
Learning to Export and Learning by Exporting: The Case of East Java Manufacturing Industry Rizqi Qurniawan; Shania Rahmi
East Java Economic Journal Vol. 7 No. 2 (2023)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53572/ejavec.v7i2.102

Abstract

The manufacturing industry contribution and its proportion to the exports in recent years has become dominant in supporting the East Java Province economy. Previous literature showed the impact of export participation in increasing a firm’s productivity. Meanwhile, little literature explains how the manufacturing industry learns about the benefits of exports so that it leads to an increase in a firm’s productivity. Using a large and medium industrial panel dataset from 2008 to 2015 in East Java Province, this study found that export participation in the manufacturing industry significantly increases a firm’s productivity. This increased productivity is due to the selectivity of productivity because manufacturing firms experience learning to export. In addition, this study also found that the manufacturing industry in East Java experienced learning by exporting even with a short duration since entering the export market. By knowing the learning scheme of export participation in the manufacturing industry in East Java, policy recommendations can be established, such as export promotion strategies, export market expansion, and decreased export costs so that the manufacturing industry can increase productivity.
Strategy To Support SDGs: Spatial Analysis of Digital Transformation and Regional Government Competition on Green Development Efficiency in East Java Moh Najikhul Fajri
East Java Economic Journal Vol. 7 No. 2 (2023)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53572/ejavec.v7i2.108

Abstract

This study aims to analyze the effect of digital transformation and local government competition on green development efficiency. This study uses panel data of 38 districts/cities in East Java during 2015-2022. This study uses slack-based measurement efficiency analysis and geography-weighted panel regression: spatial durbin model. The results show that in general, East Java has not yet reached the absolute level of technical efficiency. Meanwhile, specifically, digital transformation has a positive effect on green development efficiency. Meanwhile, local government competition does not lead to green development efficiency. The decline in green development efficiency is driven by internet penetration without government moderation and agriculture-oriented regions. Interestingly, this increase in green development efficiency induces positive spillovers for surrounding regions. The implications of this study include the need for further elaboration and exploration related to efforts to encourage input productivity. On the other hand, comprehensive mitigation from the central and local governments related to digital transformation, especially the use of the internet. Thus, green development efficiency can be achieved optimally.
Inclusive Economy Acceleration: Optimize The Existence and Export Opportunity of Village Based Superior Product Dian Rizqi Khusnul Khotimah
East Java Economic Journal Vol. 7 No. 2 (2023)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53572/ejavec.v7i2.109

Abstract

The government has made area-based sustainable development strategy as the main focus through the Village SDGs. This study aims to analyze village based superior product in East Java Province using the Potential Village 2021 microdata from Statistics Indonesia. The analytical methods used are linear regression and multinomial logistic regression using the Synthetic Minority Oversampling Technique. This study found that the proportion of villages with superior product had a significant impact on inclusive economic development between districts/cities in East Java Province. Various socio-economic features of the village show significant effect that can be used to optimize the existence and export opportunities of superior product. Village based superior products can become a new regional-based economic resource for accelerating inclusive economic development in East Java Province.
Integrating Fiscal Policy Mix and Environmental Policy in East Java's Circular Economy Development: A Multidimensional Approach Assessing Economic, Social, and Legal Factors Nafis Dwi Kartiko
East Java Economic Journal Vol. 7 No. 2 (2023)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53572/ejavec.v7i2.110

Abstract

This study aims to provide a more holistic understanding of how environmental and fiscal policies can complement each other to promote a circular economy in East Java. The method used in this study is panel data regression analysis using secondary data covering the period 2001-2020. Data were collected from government agencies such as the Ministry of Finance, the East Java Central Bureau of Statistics, the Ministry of Environment and Forestry, and the Supreme Audit Agency. The results show that environmental and fiscal policies significantly impact the circular economy in East Java. Environmental regulations, which include central and local government policies, promote the growth of the circular economy. The Regional Original Revenue (PAD) also plays an essential role in influencing the circular economy in the region. The proposed policy recommendations include the design of incentives to encourage the adoption of circular economy principles, the optimal allocation of special environmental and circular economy funds, the adaptation of education and training to the needs of the circular economy, the promotion of research and innovation in the circular economy, and the joint implementation of environmental regulations.
Transition Strategies of Green MSMEs: A Sequential Explanatory Design Mix Method Analysis Rizaldi Yusfiarto
East Java Economic Journal Vol. 7 No. 2 (2023)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53572/ejavec.v7i2.113

Abstract

The purpose of this research is to predict the main target and identify relevant antecedent constructs on the transition in MSMEs green business practices. The sample is MSMEs Managers/Owners in the Java region, as many as 287 respondents were analyzed using Mixed Methods (Sequential Explanatory Design). The findings show that government rules and regulations positively encourage the value of environmental practices and the intention of MSMEs to switch to green practices. Furthermore, government support, partnerships and co-creation are effective ways of promoting the shift in MSME green business practices. However, the high cost of transitioning to green practices remains a major barrier for MSMEs, while it needs to be a multi-sectoral focus
Integrating Estimation of Inflation Threshold and Nowcasting Regional Economic Growth Using Classical, Machine Learning, and Ensemble Method Taly Purwa; Ni Made Inna Dariwardani; Diyang Gita Cendekia
East Java Economic Journal Vol. 7 No. 2 (2023)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53572/ejavec.v7i2.116

Abstract

In line with the global economic recovery, Indonesia's post-pandemic economic recovery is experiencing major challenge caused by uncertainty due to increasing inflationary pressure. Efforts to reduce inflationary fluctuations were carried out by the government in order to maintain optimal economic growth under the inflation targeting policy framework. Hence it is necessary to inspect the inflation threshold for economic growth in determining the inflation target. This study attempts to integrate inflation threshold estimation and nowcasting modelling of regional economic growth as an early warning system for achieving the government's economic growth target by utilizing several classical, machine learning, and ensemble models. Threshold estimation for the National level and East Java is applied to provincial groups obtained from clustering time series with dynamic time wrapping (DTW), author's justification, and the west-east region. In addition, estimates were also carried out in the period before Covid-19 as well as the entire period and the addition of predictor variables to test the sensitivity of the inflation threshold estimate. The results show that there was a non-linear relationship between inflation and economic growth with an inverted U shape. There are differences in the inflation threshold range due to provincial groupings, addition of control variables, both for the National level and for East Java. Evaluation of the inflation level in East Java and eight cities shows that in several periods, East Java inflation has exceeded Bank Indonesia's ITF target. Taking into account the estimated threshold range, it is recommended to set a more flexible inflation target at the regional economic level. Finally, the results of nowcasting with several specifications, such as the use of machine learning models and weighted ensemble models based on accuracy, as well as out-sample predictions with one-step ahead can improve the accuracy and consistency of the model for both short-term and long-term.
The Digitalization Impact of The Payment System Through Qris on East Java Regional Financial Transactions Prilyandari Dina Saputri
East Java Economic Journal Vol. 7 No. 2 (2023)
Publisher : Kantor Perwakilan Bank Indonesia Provinsi Jawa Timur

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53572/ejavec.v7i2.120

Abstract

Payment system transaction efficiency can be optimized by utilizing technology in the digital era. Bank Indonesia with the Indonesian Payment System Association (ASPI) launched QRIS as a payment transaction instrument employing a standardized QR code. This study aims to evaluate the impact of the QRIS implementation policy and the QRIS transaction limit change policy on financial transactions in East Java Province. Financial transactions are represented using outflows, which is the cash flow of currency going out from Bank Indonesia. The research was performed using the intervention analysis. The results show that the implementation of QRIS in January 2020 had a significant impact on reducing outflow 5 periods after the policy was implemented. The decline in outflows even exceeds 90% in 2021 and exceeds 80% in 2022. The QRIS transaction limit change policy does not affect the increase/decrease in outflow transactions. This can be caused by QRIS users who are dominated by the MSME sector so the transactions made are retail. Further research on the impact of the QRIS policy using the amount of money in circulation, the net flow of currency, and digital banking transactions as the indicator of financial transactions also need to be carried out.

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