Jurnal Ekonomi & Studi Pembangunan

Revitalizing green economic capability to maintain the financial stability of MSMEs in Bira Beach

ST Salmah Sharon — 2025-04-16

To maintain the financial stability of Micro, Small and Medium Enterprises (MSMEs) is a vital issue which needs a revitalization of green economic capability. This study explores the impact of Green Economy Capability (GEC) on the financial stability of MSMEs in the coastal region of Bira Beach, with a focus on the mediating role of government support. A SmartPLS-SEM used in this study to investigate the survey involving 150 MSMEs. The key variables measured include GEC, financial stability, and government support, with the data analyzed through descriptive and inferential statistical techniques. The findings indicate that GEC significantly influences government support, which in turn has a positive effect on financial stability. However, GEC does not have a direct impact on MSMEs' financial stability. These findings underscore the critical role of government policies in supporting the adoption of sustainable practices among MSMEs, particularly in regions heavily dependent on tourism. This research contributes to the literature by providing empirical evidence of the indirect relationship between GEC and financial stability through government support in the coastal MSME sector. In results, we offered two solutions. First, the policymakers must prioritize initiatives that strengthen MSME’s capacity for sustainable practices. Second, the need for tailored support systems in coastal areas like the adoption of green practices which must be integrated with local economic strategies to yield both environmental and financial benefits.

Understanding payment switching behavior to QRIS in Southwest Papua: A push-pull-mooring study

Nurul Hidayah — 2025-04-16

As the global economy changes, it's important to examine why people in Southwest Papua switch from cash to the Quick Response Code Indonesian Standard (QRIS) system. This region is notoriously behind in infrastructure and human development, so studying this area is crucial to expanding the national economy. This study investigates the variables that influence the switching behavior of users in Southwest Papua toward the Quick Response Code Indonesian Standard (QRIS) digital payment. The study investigates the impact of push factors (e.g., perceived trouble, perceived no record for transactions, and difficulty paying cash in large amounts), pull factors (e.g., perceived convenience, promotional benefits, and time savings), and mooring factors (e.g., habit and switching costs) on the transition from cash to digital payments, utilizing the Push-Pull-Mooring (PPM) framework and transaction cost theory. The research uses a method called structural equation modeling to study how QRIS users behave in three areas of Southwest Papua Province: Sorong City, Sorong Regency, and Raja Ampat, by selecting participants randomly from different groups. The results indicate that the adoption of QRIS is significantly influenced by both push and pull factors, with pull factors playing a more prominent role. Habit also significantly influences switching behavior, while switching costs show a negative but statistically insignificant effect. To expedite the adoption of digital payments in Southwest Papua, these insights provide policymakers and financial institutions with practical advice. They indicate that strategies that emphasize the convenience and advantages of QRIS over cash are more effective in increasing user adoption.

The effect of economic growth on income inequality in the Special Region of Yogyakarta

Nurul Azizah Az zakiyyah — 2025-04-30

This study focuses on income disparity and economic growth in the Yogyakarta Special Region. The area's slow economic expansion contributes to persistent income inequality. Using variables such as population, economic growth, district/city minimum wage, inflation, open unemployment rate, and income inequality, this study investigates the relationship between economic growth and income disparity. A quantitative approach is employed using panel data regression and Seemingly Unrelated Regression (SUR) on secondary data from the Central Bureau of Statistics (BPS). The results show that district minimum wage and open unemployment rate significantly and positively affect income inequality, while inflation, economic growth, and population size have no significant effect. These findings imply that inclusive development policies, equitable job creation, and wage regulations that consider the informal sector are essential for reducing regional income disparities in Yogyakarta.

Does zakat impact poverty alleviation in Indonesia during Covid-19?

Aan Zulyanto — 2025-04-30

Zakat functions as a crucial instrument for achieving developmental goals, including the improvement of individual welfare. This study aims to analyse the effect of zakat, as measured by the National Zakat Index (NZI), on poverty alleviation in Indonesia during the Covid-19 pandemic. This research utilizes panel data from 32 Indonesia provinces covering the period from 2020 to 2022, employing the Fixed Effect Model (FEM) analysis method. The current analysis has not found a statistically significant effect of the National Zakat Index on the decrease of poverty rates in Indonesia. A major element to the enduring poverty in Indonesia is the inadequate collection of national zakat money. The Covid-19 pandemic has led to a significant rise in the number of individuals living in poverty, thereby decreasing zakat payment collections. The NZI is an extensive index that encompasses both macro and micro aspects. The NZI is expected to function as an objective metric for assessing the efficacy of zakat administration in Indonesia. The establishment of efficient zakat management is anticipated to enhance poverty reduction efforts. The policy consequence derived from the findings is to enhance zakat management organizations. This study contributes to the relationship between zakat and poverty reduction from a macro-level perspective, unlike earlier research that focuses on micro-level data.

Short- and long-term determinants of Indonesia’s rice import: An error correction model approach

Ririt Iriani Sri Setiawati — 2024-10-30

Indonesia's dependence on rice imports has become a crucial issue in food security. This study examines the determinants of rice imports using an ECM model, analyzing the influence of rice production, exchange rate, domestic rice price, harvested land area, foreign exchange reserves, carbon emissions, and rice consumption in short and long term. The results show that in addition to production and consumption factors, macroeconomic variables such as exchange rates and foreign exchange reserves, as well as environmental factors such as carbon emissions, have a significant role in influencing rice imports. These findings highlight the importance of integrated policies between the agricultural, economic, and environmental sectors to achieve sustainable food security

The influence of experience economy and healthcare facility on intention of revisiting through patient satisfaction as an intervening variable

Oktavia Wahyu Krisna Murti — 2025-04-30

The development of the hospital service sector provides many choices of places for people to seek treatment. Hospitals have a duty to provide health services to the community on an ongoing basis. The purpose of this study is to test and analyze the effect of experience economy and healthcare facility on the intention of revisiting patients through patient satisfaction as an intervening variable (Study on Outpatients at Kalisat Regional Hospital). This study uses descriptive quantitative research. The population of this study were outpatients of the Kalisat Regional Hospital and sampling using purposive sampling method. The analysis technique used in hypothesis testing is Variance-based SEM or Partial Least Square (SEM-PLS) testing with the warp pls 7.0 program. The results showed that experience economy has a positive and significant effect on intention of revisiting and patient satisfaction. Healthcare facility has a positive and significant effect on intention of revisiting and patient satisfaction. Patient satisfaction has a positive and significant effect on intention of revisiting. Experience economy and healthcare facility have a positive and significant effect on intention of revisiting through patient sSatisfaction as an intervening variable.

How natural resources shape the industrial development: Evidence from N-10 countries

Reza Pahlevi Chairul — 2025-04-29

This study analyzes the effect of natural resources on the manufacturing industry. It aims to fill the gap in the research on the impact of natural resources on industrial productivity since there is very limited literature on such a topic, particularly in the Next Eleven countries (N-11), excluding South Korea (referred to as the N-10 countries). South Korea is not included as a sample because it does not have many natural resources. The N-10 countries (Vietnam, Turkey, Philippines, Pakistan, Nigeria, Mexico, Iran, Indonesia, Egypt, and Bangladesh) have a large population, rapid economic growth, and political and economic stability. The Generalized Method of Moments (GMM) is implemented using data panels of the N-10 countries with natural resources from 2015 to 2021. This study confirms that the resource curse exists, as evidenced by the detrimental effects of abundant natural resources on industrial productivity. Empirical findings have also documented a significantly adverse impact of corruption practices in the manufacturing sector. Meanwhile, capital and trade openness should be further improved to encourage value-added industries. Based on the results of this study, the N-10 countries are recommended to diversify their economies, reduce reliance on natural resources, and strengthen the control of corruption.

Infrastructure development as a catalyst for sustainable economic growth in OIC countries

Vina Amiliana — 2025-04-29

Infrastructure development plays an important role in promoting sustainable economic growth, especially in member countries of the Organization of Islamic Cooperation (OIC). The purpose of this study is to understand how different types of infrastructure, such as digital, physical and non-physical infrastructure, investment, investment and human development index (HDI) impact sustainable economic growth. This study uses data from 52 OIC member countries over the period 2022-2023. To analyse the data, a statistical method called Estimated Generalized Least Squares (EGLS) is used, which is specifically designed to overcome differences in conditions between countries in the data. This method helps to obtain more accurate results despite the imbalance or variation of data between countries. The results of this study show that non-physical infrastructure and HDI have a positive and significant influence on sustainable economic growth. Non-physical infrastructure, such as institutions and basic services can help strengthen the economic system. HDI also plays an important role in improving the quality of human resources. Meanwhile, physical infrastructure, digital infrastructure and investment have not shown a significant direct effect. Therefore, it is recommended that the governments of OIC countries focus on strengthening institutions and improving diverse human qualities to support inclusive and sustainable economic growth.

The profitability of Indonesian infrastructure companies amid COVID-19: Quantile regression for stability testing

Jason Wijaya — 2024-04-30

: The COVID-19 pandemic has significantly impacted the global economy, including Indonesia, adversely affecting financial performance, particularly profitability, in sectors such as infrastructure, which are highly sensitive to macroeconomic conditions. This study aims to examine the profitability of Indonesian infrastructure companies during the COVID-19 crisis period. Using annual GDP growth (GDPG) as a proxy for macroeconomic conditions and return on assets (ROA) as a measure of profitability, the study incorporates control variables in an empirical model. A sample of 41 companies was selected through purposive sampling, and Quantile Regression was employed to test stability across various quantile distributions of the endogenous variable. The findings reveal that infrastructure companies experienced a decline in profitability during the crisis years of 2020 and 2021 compared to the pre-crisis period, with profitability improving in 2022 as GDP growth rebounded. Robustness checks confirm consistent results across quantiles 0.1 to 0.7, indicating stability in low (τ = 0.1–0.3) and medium (τ = 0.4–0.6) profitability levels. However, the relationship was unstable at higher quantiles (τ = 0.7–0.9), with significant effects observed only at τ = 0.7. These empirical findings suggest managerial implications for corporate executives and financial decision-makers within Indonesian infrastructure companies, emphasizing the need for operational strategy adaptations, including cash flow efficiency, revenue diversification, and risk mitigation, to navigate macroeconomic dynamics and capitalize on economic recovery opportunities.