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INDONESIA
JEJAK
Published by Universitas Negeri Semarang
ISSN : 1979715X     EISSN : 24605123     DOI : -
Core Subject : Economy,
Economics, Econometrics & Finance
JEJAK: Jurnal Ekonomi dan Kebijakan p-ISSN 1979-715X | e-ISSN 2460-5123 is a scientific journal that contains the results of research and theoretical studies in the field of economic development, especially on matters of economic policy in Indonesia was published by the Department of Economic Development, Faculty of Economics, Semarang State University and Indonesian Economics Bachelor Society.
Arjuna Subject : -
Articles 15 Documents
 1   2 
Search results for , issue "Vol 16, No 1 (2023): March 2023" : 15 Documents clear
Does Fiscal Policy Matter? A Study on Economic Crises in Indonesia Prasasti, Sri Rejeki; Ekananda, Mahjus
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 16, No 1 (2023): March 2023
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v16i1.37532

Abstract

Fiscal policy is one of the instruments used by the government in dealing with economic crises. The recent COVID-19 pandemic crisis has different characteristics from the previous ones in  Indonesia. Hence, the fiscal policy needed is also different. Therefore, this study aims to know the role of fiscal policy shocks in affecting some macroeconomic indicators, including GDP, inflation, and interest rate, in Indonesia and investigate its differences within two periods: Period I (1993Q1-2018Q4), which includes the Asian Financial Crisis and the Global Financial Crisis, and Period II (2019M1-2021M12), which include the COVID-19 Pandemic crisis. This study employs the Structural Vector Autoregression (SVAR) model, using institutional information of the government budget system as restrictions. This study concludes that: 1) shocks in fiscal policies significantly affect GDP in both periods; 2) the dynamic movement of GDP is more influenced by government spending than government revenue; 3) fiscal policy, especially revenue, has greater influences on inflation during the COVID-19 Pandemic; 4) fiscal policy has a minor role in affecting the interest rate.
GDP Growth and FDI Nexus in ASEAN-5 Countries: The Role of Macroeconomic Performances Anwar, Cep Jandi; Suhendra, Indra; Imansyah, Taufik; zahara, Vadilla Mutia; Chendrawan, Tony Santika
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 16, No 1 (2023): March 2023
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v16i1.37247

Abstract

Numerous papers have examined the effect of national income on FDI using cross-country data, including in developing countries. However, few papers focus on one specific region, particularly in ASEAN developing countries.  This study analyzes the effect of GDP growth on FDI in ASEAN-5 countries from 2004 to 2019. Panel data regression with fixed effect estimation was performed to document the relationship between GDP growth and FDI. Using some macroeconomic control variables, the findings demonstrated that GDP growth has a positive and significant impact on the FDI.  Additionally, the effects of the currency rate, trade openness, and inflation on FDI are positive. Therefore, macroeconomic performances such as GDP growth, exchange rate, trade openness, and inflation are the main factors attracting FDI in ASEAN-5 countries.
Financial Resilience Strategy on Cancer Survivors Household in East Java Maria Yovita R Pandin; Tries Ellia Sandari; Dedy Surahman; Achmad Daengs GS
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 16, No 1 (2023): March 2023
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v16i1.38102

Abstract

The problem of this research is how to make a financial resilience strategy faced by households during the economic crisis. The purpose of this study is to analyze the strategy of household financial resilience during an economic crisis. The design in this study uses a quantitative approach by collecting data through surveys.Respondents in this study were breast cancer survivors in East Java.The findings in this study are that every household needs a financial strategy in dealing with a crisis.An adaptive capacity strategy is needed so that household financial resilience remains flexible.Absorption strategy is a strategy in building financial resilience capability which is always strived to be in a stable position.A transformative capacity strategy is carried out to build household financial resilience when experiencing financial shocks by making drastic changes to financial planning.
Indonesian Food Production Challenges: Climate, Land and Industrialization Setiawan, Avi Budi; Nugroho, Agus Dwi; Wiyanti, Dian Tri; Yusuf, Mochammad; Maslikhatun, Anjani; Bowo, Prasetyo Ari
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 16, No 1 (2023): March 2023
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v16i1.43334

Abstract

The increase in agricultural production has become a global issue related to food security. Indonesia faces challenges in fulfilling its food needs. Climate change, land conversion, and industrialization play a role in food crop production. This study aims to examine the short-term and long-term effects of climate change, land conversion, and industrialization on the food production index. The analysis method used is the Autoregressive Distributed Lag (ARDL). The ARDL analysis was chosen because it can explain the short-term and long-term effects as well as the effects at each lag time. The results showed that there is positive and significant long-term cointegration or influence between rainfall, per capita energy consumption, agricultural land area, and forest area on the food production index. There is also a significant negative long-term effect between air temperature, industrialization, and population density on the food production index. In the short term, the previous year's food production, land area and forest area, air temperature, energy consumption, rainfall in two and three years ago, current of industrial share, and one and two years ago industrial share, population density two years ago influence the current food production index. The conclusion and findings of this study are that there is long-term cointegration and short-term effects at different lag times for climate change, land conversion, and industrialization variables on the food production index.
Danone-Aqua Circular Economy Performance in Maximizing Waste Plastic Value Cahayani, Ica; Fachurreza, Ahmad Muajaddid; Puspita, Agata Nina
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 16, No 1 (2023): March 2023
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v16i1.43476

Abstract

This study discusses the economic performance of the Danone-AQUA circular in maximizing the value of plastic waste in terms of proper plastic waste sorting management or circular packaging, water and carbon circular and business circular.  Economy Circular was proposed because of its increasing popularity in the midst of the world's problem with global carbon reduction. The selection of Danone-AQUA Economy Circular is the right way to find out how significant the efforts of non-government organizations are in creating a sustainable economy and environment. This study analyses the performance of Danone-AQUA's circular economy through six circular economy dimensions in managing and maximizing the value of plastic waste in a positive way to reduce the impact of plastic waste workers in Indonesia.  This study uses a systematic literature review and adopts a research design to extract research data. The data comes from interviews with Packaging Circularity Senior Manager at Danone, Indonesia. The economic circular performance of Danone-AQUA in maximizing the value of plastic waste contributes to the reduction of plastic bottle packaging waste. The study proves that the impact of circular economy performance in maximizing the value of plastic waste is positive because it increases the function of plastic bottle packaging waste and has value again and reduces the negative impact of plastic waste on the environment. In achieving the performance of maximizing the value of plastic waste, Danone-AQUA applies six circular economy dimensions which are concentrated on three policies, namely packaging circular, water and carbon circular and business circular.
Does Informal Sector Suitable for Female Labor? Yuniashri, Erlyn; Susilo, Susilo; Wahyudi, Setyo Tri
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 16, No 1 (2023): March 2023
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v16i1.38590

Abstract

The existence of SDGs program which supported by the demographic bonus era provides potential for female labor force, but the fact in Indonesia is that there is an inequality in the number of working female labor force compared to men, especially the field of work dominated by women is threatened by industrial automation 4.0.  The purpose of this study is to analyze how the characteristics of women to the opportunities in the informal and formal job that seen from age, marital status, wages, length of education taken, ethnicity, and area of residence. The method used in this study is binary logistic regression with IFLS 5 data sources. The results showed that women who decided to work in the informal sector were women of older age, married women, women who studied longer, women with Batak and Sasak ethnicities, and women who lived in rural areas.  The Indonesian government is expected to be able to improve policies for informal sector workers including decent wages,  social security and health, and legal protection in order to achieve Indonesian goals according to SDGs agenda.
Measuring Inequality Using J-Bonet Index: What Can We Learn from Regional Data? Panjawa, Jihad Lukis; Guritno, Danur Condro; Sugiharti, Rr Retno; Kurniawan, Mahrus Lutfi Adi; Damayanti, Sekar Ayu
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 16, No 1 (2023): March 2023
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v16i1.38850

Abstract

This paper aims to analyze Inequality Using J-Bonet Index Distribution based on regions dimension and its determinant factors. This study uses a quantitative research approach with Quantile Regression (QR) analysis. The results showed that overall, there was no noticeable difference in income inequality among regions. However, according to the status of regions and regions, the expansion area in eastern Indonesia is twice as high as regional income inequality in the parent area in the same region. Other findings, economic growth and poverty cause high-income inequality in eastern Indonesia, while in the western region of Indonesia has no significant effect. In western Indonesia, fiscal decentralization is the cause of high-income inequality between regions, while in eastern Indonesia has no significant effect. Human development has no real impact on income inequality. It is a preliminary study of inequality using J-Bonet and its determinants in Indonesia based on regions dimension with Quantile Regression (QR) as an analysis tool. It can add empirical evidence about the inequality and region dimension.
Multiplier Effects of Tourism Sector in Yogyakarta: Input-Output Analysis
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 16, No 1 (2023): March 2023
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v16i1.40054

Abstract

In the Special Region of Yogyakarta (DIY), the tourism sector contributes roughly to 34% of the total output, either directly or indirectly. Because of the enormous potential of tourism in boosting the economy, the local government was encouraged to adopt plans and programs so that the tourism sector's long-term viability can influence the development of other sectors. This study aims to describe the economic multiplier effects of tourism industry operations. An examination of the input-output table of 35 sectors in the Special Region of Yogyakarta in 2015 was carried out in this study. An examination of output, income, gross value added, and labor linkage and multipliers was made from an input-output analysis. The hotel and restaurant industry, as well as air transport, is considered as the key sector in the linkage study (forward and backward linkage). The sector with the biggest employment absorption, according to the multiplier analysis, is trade.
Fiscal Sustainability and Risks of Provincial Government After Pandemic
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 16, No 1 (2023): March 2023
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v16i1.38067

Abstract

The Covid-19 pandemic that has hit the world since the year 2019 puts fiscal pressure on the Governments of Indonesia. The Government of Indonesia has spent very big expenses to deal with the pandemic and recovery the national economic conditions. This condition will increase a fiscal risk level to achieve Gold Indonesia Vision of the year 2045.  This article aims to assess the impacts of Covid-19 pandemic to fiscal sustainability of the central and provincial governments in Indonesia and identify the risks faced by the central and provicial governments after this outbreak. By using quantitative descriptive analysis and focus group discussion, it was identified an increase in the level of fiscal vulnerability in the central and provincial governments in Indonesia. The results of an analysis for the provincial government level conclude that provincial governments throughout Indonesia are under pressure on their fiscal sustainability. This is reflected in the decline in the Tax ratio, the increase in Debt to Income, and the increase in the budget deficit. This encourages the emergence of new risks that can interfere with efforts to achieve development goals. Several fiscal policies need to be taken to maintain fiscal sustainability like intensification and extensification of taxes and improving the quality of regional spending.
Delphi Method in Analyzing of Minimum Wage Setting in Indonesia: Formula vs. Negotiation Model
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 16, No 1 (2023): March 2023
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v16i1.42881

Abstract

Many countries set their minimum wages based on two models, through negotiation or mathematical formulas. In Indonesia, the negotiation model has been used to determine the minimum wages since 2003. In 2015, the law introduced the simple formula model that was further revised in 2016 with additional variables. Using the Delphi method, this study aims to find experts’ consensus regarding whether the governance of the formula model is superior to that of the negotiation model in terms of transaction cost minimization. Using the transaction cost economics approach, the two governances were compared in their performance in facilitating the negotiation,  coordination, and dispute prevention between employ-ers and workers. This study finds that most experts reached a consensus, claiming that the mathematical formula model is more efficient than the negotiation model. In addition, most of the experts argue that data from the Central Statistic Agency (BPS) and the elimination of the role of regional heads increase the efficiency of the formula model. However, no consensus was reached regarding whether the mathematical formula can outperform the negotiation model in minimizing the risk of future disputes.

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