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Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan
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ISSN : 14116081     EISSN : 24609331
Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan is a scientific journal that contains the results of theoretical research and studies on economic and development issues. Managed by Department of Development Economics, Faculty of Economics and Business Universitas Muhammadiyah Surakarta. Published by Muhammadiyah University Press.
Articles
494
Articles
Domestic Factors That Affect The Price of Styrene Butadiene Latex in Indonesia

Nugroho, Rosalendro Eddy

Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 20, No 1 (2019): JEP 2019 (In Progress Issue)
Publisher : Muhammadiyah University Press

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Abstract

This paper investigates or examines the causal links between price of styrene butadiene latex (SBL) and other domestic variables such as supply, demand, Herfindahl Hirschman Index (HHI), price of styrene, and price of butadiene during the period of 1995–2017 on the monthly basis.. Results from Augmented Dickey Fuller (ADF) or unit root test showed that the stationary state of the whole variables is of first difference (I). The Granger pairwise causality test revealed a bidirectional causality of SBL with BTD(Butadiene), SBL with STY(Styrene), SUPP(Supply) with DMD(Demand), DMD with STY, DMD with BTD and STY with SUPP and vice versa. Johansen test found out a co-integration of SBL prices. However, this study proved no significant links between the price of SBL and supply of SBL (SUPP) in the long and short run. This paper highlights the fact that SBL price has a significant direct impact in the long run on the styrene (STY) and butadiene (BTD) prices, as well as HHI. Similarly, these aspects also have a significant direct impact proved by the positive coefficient in the long run on the SBL pricing. The findings further showed that the price of SBL has a connection and significant direct impact on the negative arrow for the short and long run equilibrium, in line with the price and demands for SB Latex, pressing and oil classification.

Reforming Spending Policy and Its Impact on Indonesia’s Economy: The Case of Fuel Subsidy and Infrastructure

Anas, Muhammad

Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 20, No 1 (2019): JEP 2019 (In Progress Issue)
Publisher : Muhammadiyah University Press

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Abstract

The quality of Indonesia’s infrastructure up until 2014 was considered uncompetitive, and one of the reasons was that there was not enough money spent on infrastructure, and too much on fuel subsidy. In November 2014, the government of Indonesia decided to cut the expenditure for fuel subsidy and reallocate the money to invest on public services. This study was conducted with the intention to quantify the impact of the program on economic growth and income distribution in Indonesia using Social Accounting Matrix (SAM) model. Simulation results indicated that the impact from social and human capital infrastructure was bigger than that of economic infrastructure, although the simulation for both categories resulted in an increase of sectoral output and domestic income. Therefore, improving infrastructure, especially social, is vital to stimulate economic activity in the long run.

Co-authorship Pattern in Research on Energy Sector: Social Network Analysis

Aisyah, Siti, Hardiyati, Ria

Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 20, No 1 (2019): JEP 2019 (In Progress Issue)
Publisher : Muhammadiyah University Press

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Abstract

A nation capacity to provide clean and affordable energy is crucial for the development of its economy. Indonesia energy mix still rely heavily on fossil fuels, but a concerted effort to explore a more sustainable energy has been laid out by the government, including promoting studies and providing incentives for research in the area of sustainable energy. This paper tries to examine the trend of energy research in Indonesia, the theme of research in the field of energy and to find out which institution has conducted a rigorous research and actively producing publications in this field. The study uses data of international research publications from World of Science (WOS) during 1997-2014. Data Analysis using Social Network Analysis (SNA) with UCINET, NetDraw, and VOSViewer software. The result shows that the number of international publications on energy in Indonesia are increasing and most publications are of research collaboration with institutions from other country. Based on keywords that frequently appear which are biomass, biodiesel, and ethanol, it can be concluded that popular research theme on energy in Indonesia is renewable energy. This paper concludes with the findings on institutions with the highest rank in renewable energy publications, those are Institut Teknologi Bandung (ITB), Universitas Gadjah Mada (UGM), Institut Pertanian Bandung (IPB), and Lembaga Ilmu Pengetahuan Indonesia/Indonesian Institute of Sciences (LIPI). Research collaborations with institutions from around the globe will improve the performance of research and development bodies in Indonesia, which will only benefit the economy in the long run.

Study on The Efficiency of Indonesian Sharia Rural Banks: Two Stage Approach

Nugrohowati, Rindang Nuri Isnaini

Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 20, No 1 (2019): JEP 2019 (In Progress Issue)
Publisher : Muhammadiyah University Press

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Abstract

Comparative Analysis on The Market Share of Indonesian Export Commodities: Opportunities and Challenges

Wahyudi, Setyo Tri, Maipita, Indra

Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 19, No 2 (2018): JEP 2018
Publisher : Muhammadiyah University Press

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Abstract

Indonesia is one of the largest exporting countries, mainly of food products and chemicals. However, its import-export data show that the high export value on chemical commodities and food product is followed by relatively high import value on those commodities. This study examines the comparative advantage of Indonesian export commodities. The analysis is conducted by mapping and analyzing the condition and the potential of Indonesian export market in various trading partner countries. In addition, this study identifies the potential, opportunities, and challenges that Indonesia will face to improve the market of its export commodities. The testing of comparative advantage is carried out using chemical commodities. RCA is a method that is used to analyze the competitiveness of Indonesian export commodities. The results of this study indicate that chemicals have a comparative advantage with the value of greater that 1 during 2012-2016, but the import of chemical raw materials also tends to be higher. Featured commodities are inseparable from challenges and obstacles, such as dependence on main export destination countries, economic crises, and relatively high import value of raw materials. However, the opportunity of Indonesia to increase the contribution of the export to national income is still wide open. Maximizing the potential of market diversification strategy that is implemented by Indonesian government is expected to increase the export of Indonesian commodities.

Protection Strategies on Irrigated Farm Using Analytic Hierarchy Process

Pramana, Novi, Prajanti, Sucihatiningsih Dian Wisika

Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 19, No 2 (2018): JEP 2018
Publisher : Muhammadiyah University Press

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Abstract

Semarang District is an area which one of its focuses is on improving regional economy mainly based on agricultural sector. The agricultural activities which still depend on lands make those are considered having an important role. It is supported with regulations which protect the functional changes of farm lands, especially the irrigated ones. However, during a period of 2010-2014, the irrigated farm lands were reduced. A strategy to protect those irrigated farm lands is highly necessary, that is, by considering criteria to prioritize on protection of the irrigated farm lands in Semarang district. This study uses a method of Analysis  Hierarchi Process (AHP) with a purposive sampling technique to collect 10 respondents. A protection strategy on Irrigated farm lands in Semarang district consists of several criteria with a prioritized program criterion of sustainable land and water utilization (0.322). The following criteria are optimization of irrigation network performance (0.241), law (0.186), economy (0.160), and social (0.091). There are some suggestions after conducting this study, such as providing education and socialization of legislations of law on farm land protection especially the irrigated ones, construction of reservoirs and dams, utilization of organic materials on farm lands management, irrigation network rehabilitation, strengthening legislations on protection of farm lands, authorities’ closer controls and supervisions, facilitation in obtaining agricultural inputs to improve welfare by empowering families, owners, and managers of those irrigated farm lands, as well as escorting policies on layout and regional plans to maintain the wide agricultural areas of irrigated farm lands.

Identifying factors influencing rice production and consumption in Indonesia

Bashir, Abdul, Yuliana, Saadah

Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 19, No 2 (2018): JEP 2018
Publisher : Muhammadiyah University Press

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Abstract

This study analyzes factors affecting rice production and consumption in Indonesia from 1990-2014, the data source is from Central Bureau of Statistics (BPS). The method used is model of multiple linear regression equation with ordinary least square estimator (OLS). Our findings indicate that rice production can be affected by human capital, labor, wages, wetland, urban population, and rice prices; on the other side, technology has no effect on rice production. Other findings on the rice consumption model were influenced by human capital, per capita income, population, and consumption the previous year, and meanwhile, rice prices has no effect to rice consumption in Indonesia. It’s an important note for the government in making the right program policies such as the development of better irrigation systems, empowering the farmers by providing regular training, subsidizing material inputs to farmers, expanding farmland for farmers. Meanwhile, the government needs to create policy such as food diversification, price stabilization security, the increase of rice stock, and other agricultural policies.

Development of Ecotourism based on Community Empowerment (a Case Study of Kebumen Regency)

Mafruhah, Izza, Mulyani, Nunung Sri, Istiqomah, Nurul, Ismoyowati, Dewi

Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 19, No 2 (2018): JEP 2018
Publisher : Muhammadiyah University Press

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Abstract

The main objective of this research is to formulate a participatory and inclusive model of economic development by optimizing the potential of local resources in Kebumen regency, Central Java, Indonesia by 1) identifying local resource-based economic potentials to be developed into pilot projects in regional development, 2) analyzing factors affecting the success of potential development, 3) analyzing the needs that influence the increase of community and stakeholders participation in regional development activities. This study uses Geographic Information System to map economic potential, Analytical Hierarchy Process to analyze factors that influence community participation, and ATLAS.ti to analyze needs and activities in developing leading sectors. The analysis shows that the economic potential in Kebumen district is focused on the potential of natural resources which include forestry, agriculture, fisheries, plantations and livestock. The regional development needs to be carried out thoroughly from upstream to downstream. AHP analysis shows that the factors that influence the success of potential development are internal, institutional and external factors. Needs analysis shows that the community holds an important role but must be supported by other stakeholders, namely the government, business actors and academics.This study recommends upstream-downstream development through nature-based ecotourism. The upstream sector that must be prepared is natural conservation combined with access to accessibility. The concept of back-to-nature developed in ecotourism must be supported by the provision of facilities and infrastructure that allows visitors to reach and enjoy the nature's beauty. In the downstream sector, tourism support services such as culinary and souvenir typical of Kebumen regency become an important part and need to involve all elements of community, especially those around the tourism destinations.

Stakeholders Analysis For Creative Industry Development

Mangifera, Liana

Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 19, No 2 (2018): JEP 2018
Publisher : Muhammadiyah University Press

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Abstract

 The regional industry of Sukoharjo Regency is dominated by the manufacturing sector. Sukoharjo Regency has many creative industry potentials such as wood, rattan, gamelan, batik, leather, and glass grafir. Stakeholders have an important role in the development of creative industry. The various roles and interests of stakeholders must be well managed for the optimization of the program of developing the creative industry. This study aims to identify the stakeholders involved in the development of creative industry, describe the various interests of stakeholders in the creative industry and formulate strategies for developing creative industry in Sukoharjo regency. This research use mixed method. Descriptive analysis to explain the types and interests of stakeholders involved in the creative industry in Sukoharjo District, and to explain the strategy of developing creative industry. Quantitative analysis in this study uses stakeholder analysis that is used to explain the relationship and the role of stakeholders in the development of creative industry. The results show that not all stakeholders are actively involved in the development of creative industry and every stakeholder has different interests. To optimize the development of creative industry hence needed a forum as communication container for coordination among stakeholders in creative industry development in Sukoharjo regency.

Foreign Interest Rate, Monetary Policy and Bank Credit

Dawood, Taufiq Carnegie

Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 19, No 2 (2018): JEP 2018
Publisher : Muhammadiyah University Press

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Abstract

This paper concluded that domestic credit provided by banks in home country is affected by interest rates from abroad. And its effect on credit depends on the intensity of the foreign shock’s influence towards income in contrast to cost from interest in the balance sheet of banks of the home country. Conversely, a monetary contraction reduces the amount of credit provision by bank, with a delayed response (lag).And both monetary policy of home country and interest rate of abroad gives important effect on the provision of domestic credit.