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JEJAK
ISSN : 1979715X     EISSN : 24605123     DOI : -
Core Subject : Economy,
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.
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Articles 30 Documents
Search results for , issue "Vol 13, No 1 (2020): March 2020" : 30 Documents clear
Bitcoin and Blockchain to Indonesia’s Economic Resilience: A Business Intelligence Analysis Samputra, Palupi Lindiasari; Putra, Septia Zul
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 13, No 1 (2020): March 2020
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v13i1.23099

Abstract

Blockchain technology has been a phenomenal discovery since its use on Bitcoin, a crypto currency created by Satoshi Nakamoto. Featuring decentralization, it allows Bitcoin to escape the interference of third parties and governments. Departing from Keynesian Theory, this study used a mixed quantitative and qualitative approach. The econometric quantitative approach uses the Vector Error Correction Model (VECM) modeling to predict the impact of Bitcoin investment on Indonesia's transaction of capital. A qualitative approach is used to analyze the LOFT effects of Bitcoin on Indonesia's economic resilience. Unlike previous studies, this study attempts to provide an explanation from the standpoint of national resilience, especially in the field of economic resilience. VECM analysis found that Bitcoin had a significant positive effect on Indonesia's transaction of capital in both the short and long terms Even though the magnitude of the influence of bitcoin is relatively small, it needs to watch out for macro performance through capital transactions. Qualitative data indicate that there is a change of Bitcoin function in Indonesia, from a payment method, into an instrument of investment. The finding explains that Bitcoin has the potential to weaken the resilience of the Indonesian economy through a reduction in the balance of payments, while Blockchain can be the main foundation of the financial industry revolution in Indonesia.
Does the Volatility of Macroeconomic Variables Depress The Profitability of Islamic Banking? Widarjono, Agus
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 13, No 1 (2020): March 2020
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v13i1.19460

Abstract

Islamic banking in Indonesia has been growing rapidly since 2010. The  profitability of Islamic bank depends on Islamic bank characteristics and macroeconomic condition. As a country with an open economy, macroeconomic conditions are very volatile. Through the theory of exchange rate pass through, the exchange rate fluctuation affects domestic prices so that it affects the profits of Islamic bank.  This study analyzes the impact of the instability of the macroeconomic variables, namely the exchange rate and inflation on the profitability of Islamic bank. The instability of inflation and exchange rate are measured using the GARCH  (Generalized Autoregressive Conditional Heteroskedasticity). This study applies ARDL  (Autoregressive Distributed Lag Model). The data used is monthly data starting from January 2011 to June 2018. The results of the study show that the exchange rate and inflation instability depress the profitability of Islamic banki. More interestingly, instability of inflation has a greater negative impact than the instability of exchange rate on Islamic bank profit. The most Islamic bank characteristics influencing Islamic banking profit was bad financing as known as a non performing financing (NPF).
The Influence of Market Structure in Indonesian Banking Performance Naylah, Maal; Cahyaningratri, Cahyaningratri
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 13, No 1 (2020): March 2020
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v13i1.21458

Abstract

There are three hypotheses about structure-conduct-performance paradigm; traditional hypothesis, differentiation hypothesis and efficiency hypothesis. The objective of this research is to examine how strong the influence of market structure in banking performance. This study uses the fix effect model by applying the Weiss model. This research also tries to prove whether market share and concentration in the banking industry as a proxy to efficiency. The result of the panel data analysis conducted on a sample of 15 biggest commercial banks over the period from 2009 to 2018 is strongly reject the traditional hypothesis. The empirical findings suggest that market concentration has a negative correlation between profitability, it means that Indonesian banking industry strongly reject the traditional hypothesis and support efficiency hypothesis and there is a positive correlation between market share and profitability, supports the differentiation hypothesis.
The Impact of Regional Fund on Unemployment Holik, Abdul
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 13, No 1 (2020): March 2020
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v13i1.19105

Abstract

This research attempts to find the impact of the government budget on unemployment in West Java. It is conducted from 2006 until 2015. The data used here is secondary data from Centre of Indonesian Statistics (BPS). It consists of a general allocation fund (DAU), specific allocation fund (DAK), profit-share of tax and non-tax fund as independent variables. Meanwhile, set unemployment as the dependent variable. The method of analysis is Panel Regression with Fixed Effect. Because we firstly face awkward result when analyzing model by including all independent variables, then we try to estimate every single independent variable on the dependent variable. Therefore we have four models to dig the problem to its root. Based on the analysis result, it is founded that all independent variables have a negative and significant impact on the dependent variable. It signifies that unemployment can be on the wane due to various budget policies of a nation which directed to the regional development. The bigger the agenda development made, the bigger the decreasing unemployment rate because everybody can be absorbed into employment.
The Effect Ethnic on Poverty in DIY Province Purnomo, Sodik Dwi; Istiqomah, Istiqomah; Suharno, Suharno
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 13, No 1 (2020): March 2020
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v13i1.22994

Abstract

The Special Province of Yogyakarta does not to allow non-native Indonesian citizens residing in the Province of DIY to possess land titles. This study aims to analyze the effect of ethnic discrimination on poverty by adding control variables such as working capital credit, investment credit, economic and education infrastructure. It employs time series data in the period 2000-2018 and are analyzed using multiple linear regression with ordinary least Square (OLS) model. The results show that working capital credit and investment credit have a negative and significant effect on poverty.  Ethnicity has a positive and significant effect on poverty. Education infrastructure has a significant effect on poverty. The findings imply the need for a review of the policy on the prohibition of land ownership and the need for the performance of the banking sector in the form of lending as well as the need to support human resources improvement through improving educational infrastructure and promoting  the quality of teachers in reducing the number of poor people.
Does Agricultural Performance Contribute to Rural Poverty Reduction in Indonesia? Arham, Muhammad Amir; fadhli, Ahmad; Dai, Sri Indriyani
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 13, No 1 (2020): March 2020
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v13i1.20178

Abstract

Agriculture is the primary sector in many provinces in Indonesia. In fact, most of the rural communities work in the agricultural sector. Nevertheless, the poverty level in rural areas remains high. Therefore, this study was aimed at investigating the performance of the agricultural sector in reducing the rural poverty level in Indonesia, and to investigate factors that contribute as a determinant in reducing rural poverty level in Indonesia. This study was significant, considering that the result was to contribute to government policy evaluation in the agricultural sector, especially in reducing poverty in rural areas. This study used quantitative analysis through multiple regressions with data panel from 2014 to 2017 from 33 provinces in Indonesia. This study revealed that the increase of agricultural sector share and the widening of the income distribution had caused an increase in poor people in a rural area. This finding also revealed that the income distribution gap was a determinant to the severity of rural poverty. The growth in the agricultural sector to contribute toward the economy could reduce rural poverty level in Indonesia. Meanwhile, agricultural financing, economic growth, inflation, and the farmer exchange rate had not significantly contributed to reducing the poverty level.
Analysis Trade Integration of Indonesia and Turkey Non-Oil Sector Yuliati, Lilis; Atmaja, Purna Pria; Lestari, Endah Kurnia
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 13, No 1 (2020): March 2020
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v13i1.21188

Abstract

Development of the economy and improve the world economy which is increasing in the future. This causes an increase in trade in the same sector (Intra-Industrial Trade). In addition, promoting trade that focuses on fluctuating and unstable pushes Indonesia to further enhance its export competitiveness through market diversification, encouraging to minimize export fluctuations towards the main export destination countries. Commitment to a market diversification strategy has made Turkey an alternative export destination. The purpose of this research is to study the great integration of trade and export dynamics in the non-oil sector between Indonesia and Turkey during the period 2001-2016. Analysis using Gruble Lloyd Index (GLI) shows that the intensity of trade between Indonesia and Turkey is more in the category of Weak Integration (Weak Integration). While the analysis of the Constant Market Share (CMS) shows that each period is fluctuating, in the first period, the second period, the second period, the fourth period, the questioning period, the sixth period, the ninth period, the tenth period, and the second positive period, while in the seventh period , the eighth period, the eleventh period, the fourteenth period, and the twelve period of negative export value changes.
The Analysis of Production Factors and Income of Potato Farming Budi Setiawan, Avi; Inayati, Chusna
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 13, No 1 (2020): March 2020
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v13i1.21965

Abstract

Banjarnegara Regency has the highest potato productivity in Central Java Province. However, not all sub-districts in Banjarnegara produce potatoes, there are only four from 20 Sub-districts. One of them is Batur sub-district. This study chose Batur sub-district because it is the largest producer of potatoes from three Sub-districts in Banjarnegara. Unfortunately, the huge amount of production did not affect the fluctuation which tended to decrease. Through this problems, this study aimed to determine the determinant of production and income analysis of potato farming in Batur sub-district. The sample of this study were 97 people in Batur sub-district selected from calculation by using the Slovin formula. Then, the variables of this study were land area (X1), labor (X2), fertilizer (X3), pesticides (X4) and production yields (Y). To collect the data, this study used questionnaires, interviews and documentation. The data were analyzed by using multiple regression analysis and R / C ratio analysis. The results showed that the variables of land area, fertilizer, and pesticides had positive and significant influence on potato production. Meanwhile, the labor variable was insignificant by having the return to scale value of 0.89. Further, the average income of potato farming was Rp 7,099,612 / planting season with R / C ratio of 1.77. Shortly, potato farming in Batur sub-district is profitable to continue.
Asymmetric Information And Farmer’s Participation In Tobacco Contract Farming Rondhi, Mohammad; Imelda, Sisca; Setyawan, Hendrik; Aji, Joni Murti Mulyo; Hariyati, Yuli; M, Mustapit; Raharto, Sugeng; Fauziah, Diana; Kusmiati, Ati
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 13, No 1 (2020): March 2020
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v13i1.17413

Abstract

Contract farming (CF) is an important tool to initiate structural transformation of agricultural sector in developing countries. However, one of pertinent problems in its establishment is asymmetric information. This problem creates a condition of mutual distrust between the contracting parties and decreases farmer’s participation in it. Thus, this study aimed to explain the asymmetric information problem in CF and find the correlates of farmer’s participation in it. As one of important industrial crops, this study focused on tobacco CF. This study was conducted at two villages (Antirogo and Nogosari) on two different sub-district (Sumbersari and Rambipuji) in Jember. A sample of 113 farmers were interviewed to collect the data. A descriptive analysis was used to explain the contract arrangement and asymmetric information in tobacco CF. A probit estimation was used to identify the coorelates of farmer’s participation in tobacco CF. The results showed that asymetric information does exists in tobacco CF and can be minimized through intense monitoring and increased transparancy. Both of these are possible when the company contracting directly with farmers. Meanwhile, younger farmer and those with more land are more likely to participate in CF. Furthermore, participation in CF is highly correlated with the increases in farm income. Finally, policy aimed to fostering CF should focused more on regulation that minimize the transaction cost of CF. In addition, in the long term, the policy should focused on incentivize young farmers and encouraging youth to enter agriculture.
Economic Growth in Indonesian New Outonomous: Social-Economic Perspective Rochmatullah, Mahameru Rosy; Winarna, Jaka; Gantyowati, Evi
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 13, No 1 (2020): March 2020
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v13i1.22816

Abstract

This study explores the Indonesian economic growth in the new autonomous regions using social - economy perspective. More specifically, social - economic issues are proxied on population, poverty rates, education levels, local tax revenues, and distribution of local government social assistance. Meanwhile, community economic growth is proxied by GRDP per capita (PE). The Indonesian economic growth and social-economy issues are measured using Ordinary Least Square (OLS). This study uses new autonomous regions data in Indonesia formed in 2003 – 2008. Employing multiple linear regression, the test results revealed that variable of local tax revenue (PD) was consistently able to explain PE. The same results are shown in the robustness test, where researchers predict the economic growth of the community with the Human Development Index (HDI). In the discussion section, community economic growth represented by PE continues to increase along with the increase in PD and HDI. The conclusion in this study is community economic growth increased since 2009, marked by an increase in PD along with HDI. As an implication, researchers suggest that practitioners and academics use local taxes to measure the community economy in new autonomous regions in Indonesia.

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