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INDONESIA
Jurnal Ekonomi & Studi Pembangunan
Published by Universitas Muhammadiyah Yogyakarta
ISSN : 14119900     EISSN : 25415506     DOI : -
Core Subject : Economy,
Economics, Econometrics & Finance
Journal of Economic & Development Studies (JESP) aims to publicize the results of research concerning economics and development at local, national, and international levels.
Arjuna Subject : -
Articles 4 Documents
 1 
Search results for , issue "JESP Volume 22 Nomor 2, Oktober 2021" : 4 Documents clear
Dynamic Tourism in ASEAN Countries: Do Institutional Indicators Matter? Sari, Vita Kartika; Cahyadin, Malik
Jurnal Ekonomi & Studi Pembangunan JESP Volume 22 Nomor 2, Oktober 2021
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v22i2.11282

Abstract

Tourism is one of the fastest-growing industries. Tourism is able to move the economy forward at the micro-level such as encouraging the informal sector and local potential while at the macro level it can increase currency transactions. In various countries, the tourism sector is able to increase domestic and foreign demands as well as to encourage transportation, hospitality, and manufacturing industries. This study examines the effect of institutional indicators on tourism in ASEAN countries during 2000-2018 under dynamic panel estimation. The number of observations was about 180, namely: time series from 2000-2018 and cross-section of 10 countries. ASEAN as one of the destinations in the world requires an increase in institutional quality to be able to compete and provide world-class tourism services. The six institutional indicators were employed such as voice and accountability, political stability and absence of violence, government effectiveness, regulatory quality, rule of law, and control of corruption. Moreover, the dynamic panel estimation was expressed by Pooled OLS and REM estimations. Interestingly, the findings show that political stability compromises the number of tourist arrivals while government effectiveness can stimulate tourist arrivals. Similarly, GDP per capita can hinder the number of tourist arrivals, while the exchange rate leads increasing of tourism arrivals. Thus, the governments in ASEAN countries can promote and cooperate together to develop tourism in the regional level. The GDP per capita of ASEAN countries should be increased, and the level of exchange rate can be maintained at a stable range. Besides, the governments should also improve the quality of institutions.
Fertility and Female Labor Force Participation in Asian Countries; Panel ARDL Approach Nazah, Nawalin; Duasa, Jarita; Arifin, Muhammad Irwan
Jurnal Ekonomi & Studi Pembangunan JESP Volume 22 Nomor 2, Oktober 2021
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v22i2.11142

Abstract

Fertility has a close relationship with female labor force participation and is predicted to be the prominent factor affecting female labor force participation in rich and emerging countries. The decline in fertility worldwide, accompanied by increased female education, is assumed to increase female labor force participation. The increase in the female labor force participation rate can improve economic incentives for the country. Therefore, this study estimates the effect of fertility and female education on female labor force participation in cross-country panel datasets from 39 Asian countries, using panel ARDL analysis from 1990-2018. This study also examines the panel causality between the variables employing Dumitrescu and Hurlin’s (2012) Granger non-causality test. According to the Hausman test, among the three models in panel ARDL, DFE is the preferred model compared to the PMG and MG. The results revealed that fertility was negatively significant on female labor participation in the short run but not in the long run. In contrast, female education was positively significant on female labor participation in the long run but not in the short run. Meanwhile, the panel causality showed a bidirectional relationship between female labor participation and fertility, female labor participation and education, and fertility and female education.
Testing the Existence of Natural Resource Curse in Indonesia: The Role of Financial Development Ridena, Sedwivia; Nurarifin, Nurarifin; Hermawan, Wawan; Komarulzaman, Ahmad
Jurnal Ekonomi & Studi Pembangunan JESP Volume 22 Nomor 2, Oktober 2021
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v22i2.10977

Abstract

Natural resources may become a blessing that can contribute to societies’ welfare increases. Yet natural resource abundance could also become a curse for countries’ economic development. Numerous studies have investigated the relationship between natural resources and economic performance. However, the results remain ambiguous and have no consensus in the literature. In specific, most literature focused only on testing the curse’s existence, while studies that involve the role of financial development in mediating the nexus remain scarce. To the best of our knowledge, this is a pioneer study in a developing country endowed by natural resources. Using panel data of 33 provinces from 2012 to 2018, this study implements the Generalized Method of Moments (GMM) technique to examine the existence of the natural resource curse and scrutinize the role of financial development in mitigating the curse. Results show that Indonesia potentially experiences a natural resource curse. Nonetheless, the negative effect of natural resources on economic growth could be mitigated by enhancing the role of financial development to reach a certain threshold over economic output. This study recommends policymakers to not only increase financial development across the provinces but also pay more serious attention to other factors causing the natural resource curse in Indonesia.
The Impact of Population Density and Economic Growth on Environmental Quality: Study in Indonesia Wafiq, Abdulloh Nashiruddin; Suryanto, Suryanto
Jurnal Ekonomi & Studi Pembangunan JESP Volume 22 Nomor 2, Oktober 2021
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v22i2.10533

Abstract

Sustainable economic growth is followed by an improvement in environmental quality. The purpose of this study is to identify the correlation between economic growth and population density on the environmental quality index (EQI) in Indonesia. In addition, it also aims to determine the impact of economic growth and population density on the environmental quality Index. This study uses a quantitative method with secondary data from 33 provinces in Indonesia from 2010 to 2016. Data were analyzed using Pearson correlation and panel data regression. The result showed that the correlation between economic growth and population density on the quality of the environment was moderate. It has a significant negative impact on environmental quality.

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