Jurnal Ekonomi dan Pembangunan Indonesia https://jepi.fe.ui.ac.id/index.php/JEPI <p><span class="hps">Jurnal Ekonomi dan Pembangunan Indonesia has been&nbsp;</span><span class="hps">published&nbsp;</span><span class="hps">since 2000&nbsp;</span><span class="hps">by&nbsp;</span><span class="hps">the Department of Economics&nbsp;Faculty of Economics and Business&nbsp;</span><span class="hps">Universitas Indonesia</span>.&nbsp;<span class="hps">Based on&nbsp;</span><span class="hps">the Decree of&nbsp;</span><span class="hps">the Director&nbsp;</span><span class="hps">General for Higher Education Accreditation Number 43/DIKTI/Kep/2008, JEPI has been accredited </span><span class="hps">'B</span>'<span class="hps">as a&nbsp;</span><span class="hps">national</span>&nbsp;academic j<span class="hps">ournal</span>.&nbsp;<span class="hps">JEPI&nbsp;</span><span class="hps">published&nbsp;</span><span class="hps">two&nbsp;</span><span class="hps">times a year&nbsp;</span><span class="hps">in&nbsp;</span><span class="hps">July and January.</span></p> <p><strong><span class="hps">In 2015, JEPI&nbsp;<span class="hps">has been&nbsp;</span><span class="hps">accredited&nbsp;</span><span class="hps">'B' based on&nbsp;<span class="hps">Decree of&nbsp;</span><span class="hps">the Director&nbsp;</span><span class="hps">General for Higher Education&nbsp;</span><span class="hps">Accreditation&nbsp;</span><span class="hps">Number&nbsp;</span><span class="hps">1/E/KPT/2015 on 21 September 2015 for period 2015-2020.</span></span></span></strong></p> <p>Jurnal Ekonomi dan Pembangunan Indonesia (JEPI) focuses on issues pertaining empirical investigation on Indonesian economy. JEPI aimed to tie researchers to share high quality publication at national level through blind review process.</p> <p>The article published in JEPI are expected to cover wide range topics in economic fields and employs standard economics analysis tools focusing on Indonesian economy. The topics might include economics fields of monetary, fiscal, environment and natural resource, industrial organization, regional and urban economics, international and trade, and any others related to economic fields.</p> <p>It is expected that students and researchers are facilitated by JEPI to play important role in understanding Indonesian economy.</p> Department of Economics-FEB UI en-US Jurnal Ekonomi dan Pembangunan Indonesia 1411-5212 <p>Authors who publish with this journal agree to the following terms:</p> <ol type="a"> <li class="show">Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a&nbsp;<a href="http://creativecommons.org/licenses/by-sa/4.0/" rel="license">Creative Commons Attribution-ShareAlike 4.0</a>&nbsp;that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.</li> <li class="show">Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.</li> <li class="show">Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See&nbsp;<a href="http://opcit.eprints.org/oacitation-biblio.html" target="_new">The Effect of Open Access</a>).</li> </ol> <p><a href="http://creativecommons.org/licenses/by-sa/4.0/" rel="license"><img src="https://i.creativecommons.org/l/by-sa/4.0/88x31.png" alt="Creative Commons License"></a><br>JEPI&nbsp;by&nbsp;<a href="/index.php/JEPI/index" rel="cc:attributionURL">Dept Ilmu Ekonomi&nbsp;</a>&nbsp;is licensed under a&nbsp;<a href="http://creativecommons.org/licenses/by-sa/4.0/" rel="license">Creative Commons Attribution-ShareAlike 4.0 International License</a>.</p> <div>&nbsp;</div> Ketimpangan Penghasilan Berdasarkan Status Pekerjaan dalam Model Imbal Jasa Pendidikan https://jepi.fe.ui.ac.id/index.php/JEPI/article/view/1134 <p>The study aimed to see income disparities between employment status in return on education from 2000 to 2014 using IFLS data. First, this study analyzes the choice of worker status with the multinomial logit method. Second, this study estimating return on education by entering a correction from the first stage. The results show marginal differences in effects between job status. The smallest return on educational was on the status of self-employed employment, and the biggest was working with the help of permanent workers. Differences return indicate income inequality based on their employment status. Return on education declined from 2000 to 2014. ----------------------------------- Penelitian ini bertujuan melihat kesenjangan penghasilan antarstatus pekerjaan dalam imbal jasa pendidikan dari tahun 2000 ke 2014 menggunakan data IFLS. Tahap pertama analisis pilihan status pekerja dengan metode multinomial logit. Tahap kedua estimasi imbal jasa pendidikan dengan memasukkan koreksi dari hasil tahap pertama. Hasil empiris memperlihatkan perbedaan marginal efek antarstatus pekerjaan. Nilai imbal jasa pendidikan terkecil tahun 2000 dan 2014 pada status pekerjaan bekerja sendiri, dan terbesar adalah bekerja dengan bantuan tenaga tetap. Perbedaan nilai imbal jasa memperlihatkan adanya ketimpangan penghasilan dari para pekerja berdasarkan status pekerjaannya. Nilai imbal jasa pendidikan rata-rata menurun dari tahun 2000 ke 2014.</p> Nenny Hendajany Deden Rizal Copyright (c) 2020-05-29 2020-05-29 20 2 133 145 10.21002/jepi.v20i2.1134 Analisis Konsekuensi Ekonomi Akibat Kejahatan di Indonesia https://jepi.fe.ui.ac.id/index.php/JEPI/article/view/1176 <p>Crime affects people’s decisions in carrying out economic activity. This study aims to analyze the influence of several crime typologies and non-crime variables on per capita Gross Regional Domestic Product (GRDP) and identify the existence of spatial dependencies of per capita GRDP in Indonesia. The study used cross section data with the Spatial Lag Model (SLM). The results show that there is a negative spatial autocorrelation in per capita GRDP. Murder and labor affect GRDP per capita negatively. Meanwhile, fraud, embezzlement, and corruption; local government expenditure, life expectancy, domestic investment, and foreign investment affect per capita GRDP positively per capita GRDP. ------------------------------------- Kejahatan memengaruhi keputusan masyarakat melakukan kegiatan ekonomi. Penelitian ini bertujuan menganalisis pengaruh dari beberapa tipologi kejahatan dan variabel nonkejahatan terhadap Produk Domestik Regional Bruto (PDRB) per kapita serta mengidentifikasi adanya dependensi spasial dari PDRB per kapita di Indonesia. Penelitian ini menggunakan data cross section dengan Spatial Lag Model (SLM). Hasil penelitian menunjukkan terdapat autokorelasi spasial negatif pada PDRB per kapita. Kejahatan pembunuhan dan tenaga kerja memengaruhi PDRB per kapita secara negatif dan signifikan. Sementara itu, variabel kejahatan penipuan/perbuatan curang, penggelapan, dan korupsi; pengeluaran pemerintah daerah, angka harapan hidup, Penanaman Modal Dalam Negeri (PMDN), serta Penanaman Modal Asing (PMA) berpengaruh positif dan signifikan terhadap PDRB per kapita.</p> Tarina Palokoto Evi Yulia Purwanti Y. Bagio Mudakir Copyright (c) 2020-06-02 2020-06-02 20 2 146 159 10.21002/jepi.v20i2.1176 Migrasi Desa-Kota di Indonesia: “Risk Coping Strategy VS Investment” https://jepi.fe.ui.ac.id/index.php/JEPI/article/view/1337 <p>The study aims to analyses the reasons behind migrations motives among rural household based on household and area origin characteristic. The study used IFLS data of 2007 and 2014 consisting 2,581 household samples spreading in 13 provinces. Binomial and multinomial logit model was used to estimate probability to migrate based on migration motive. We found the contradictory effect of household income on decision to migrate between motives. Income has negative effect in risk coping as migration motives, otherwise have positive effect in investment motive. --------------------------------------- Penelitian ini bertujuan untuk menganalisis alasan dibalik motif migrasi di antara rumah tangga perdesaan berdasarkan karakteristik rumah tangga dan karakteristik daerah asal. Penelitian ini menggunakan data IFLS tahun 2007 dan 2014 yang terdiri dari 2.581 sampel rumah tangga yang tersebar di 13 provinsi. Model binomial dan multinomial logit digunakan untuk memperkirakan probabilitas untuk bermigrasi berdasarkan motif migrasi. Hasil penelitian ini menemukan efek kontradiktif dari pendapatan rumah tangga pada keputusan untuk bermigrasi di antara motif. Pendapatan memiliki efek negatif&nbsp; dalam mengatasi risiko sebagai motif migrasi, sebaliknya memiliki efek positif dalam motif investasi.&nbsp;</p> Joan Marta Akhmad Fauzi Bambang Juanda Ernan Rustiadi Copyright (c) 2020-05-31 2020-05-31 20 2 160 173 10.21002/jepi.v20i2.1337 Efektivitas Kredibilitas Bank Sentral terhadap Inflasi bagi Produsen dan Konsumen di Indonesia https://jepi.fe.ui.ac.id/index.php/JEPI/article/view/1219 <p>This study is intended to explain the impact of central bank credibility on inflation in Indonesia at the producer and consumer level. In this study, Central Bank Credibility is measured using an index with values between 0 (zero credibility) and 1 (perfect credibility). Generalized Method of Moments (GMM) method is used to analyze the impact of central bank credibility on inflation. Based on the results, central bank credibility can reduce inflation on both producer and consumer price. Central bank credibility is more sensitive towards producer price index compared to Gross Domestic Product (GDP) deflator and wholesale price index while at the consumer level, central bank credibility is more sensitive towards core inflation compared to headline inflation. -------------------------------------- Penelitian ini menjelaskan dampak kredibilitas Bank Sentral terhadap inflasi di Indonesia. Dampak kredibilitas Bank Sentral dianalisis pada tingkat produsen maupun konsumen. Untuk mengukur kredibilitas Bank Sentral, penelitian ini menggunakan indeks kredibilitas bernilai 0 (zero credibility) hingga 1 (perfect credibility). Metode Generalized Method of Moments (GMM) digunakan untuk menganalisis dampak kredibilitas Bank Sentral terhadap inflasi. Berdasarkan hasil empiris, kredibilitas Bank Sentral cenderung lebih memengaruhi inflasi pada Indeks Harga Produsen (IHP) dibandingkan Indeks Harga Perdagangan Besar (IHPB) dan deflator Produk Domestik Bruto (PDB). Kredibilitas Bank Sentral lebih memengaruhi inflasi inti dibandingkan dengan inflasi umum. Dari hasil empiris diketahui bahwa kredibilitas Bank Sentral lebih memengaruhi inflasi pada sisi produsen dibandingkan konsumen.</p> Rakhmat Prabowo Mohamad Ikhsan Copyright (c) 2020-06-01 2020-06-01 20 2 174 196 10.21002/jepi.v20i2.1219 Apakah Kualitas Institusi Berpengaruh pada Arus Masuk FDI di ASEAN? https://jepi.fe.ui.ac.id/index.php/JEPI/article/view/1132 <p>This paper examines the impact of institutional quality (government effectiveness index, voice and accountability index, and political stability) and economic variables (Gross Domestic Product [GDP], inflation, trade openness, and gross fixed capital formation) on Foreign Direct Investment (FDI) inflows in ASEAN 2012–2016 by using panel data analysis. The obtained results indicate that economics variables have a greater impact on FDI than political stability indicator. Our findings also suggest that insignificant effect of democracy and institutional quality indicator on FDI caused by the high level of corruption in ASEAN which maybe has a crowding out effect to level of democracy and institutional quality. ----------------------------------- Tujuan dari penelitian ini adalah untuk mengetahui pengaruh kualitas institusi (indeks government effectiveness, indeks voice and accountability, indeks stabilitas politik) dan variabel ekonomi lain (Gross Domestic Product [GDP], inflasi, keterbukaan perdagangan, dan gross fixed capital formation) terhadap Foreign Direct Investment (FDI) pada negara ASEAN periode tahun 2012–2016 dengan menggunakan analisis panel data. Hasil estimasi menunjukkan bahwa variabel ekonomi memiliki pengaruh yang lebih besar terhadap FDI dibandingkan dengan indikator stabilitas politik. Hasil kajian ini juga menemukan bahwa tidak signifikannya pengaruh indikator demokrasi dan kualitas institusi terhadap FDI dikarenakan tingginya tingkat korupsi yang mungkin memiliki efek crowding out terhadap tingkat demokrasi dan kualitas institusi.</p> Ali Akbar Septiantoro Heni Hasanah Muhammad Findi Alexandi Sri Retno Wahyu Nugraheni Copyright (c) 2020-05-30 2020-05-30 20 2 197 211 10.21002/jepi.v20i2.1132 Government Size dan Pertumbuhan Ekonomi di Indonesia https://jepi.fe.ui.ac.id/index.php/JEPI/article/view/975 <p>The aim of this research to investigate the effect of government size on regional economic growth in Indonesia. This study uses panel data analysis with using two years of interval data from 2009 until 2015. The results showed that government size has a significant effect on economic growth and it has a non-linear relationship. According the estimation from the model, the threshold government size on regional economic growth is 38.98%. Above the threshold, an increase in government size will instead have a negative effect on economic growth. ------------------------------------------ Penelitian ini bertujuan untuk meneliti pengaruh government size terhadap pertumbuhan ekonomi daerah di Indonesia. Penelitian ini menggunakan analisis data panel dengan menggunakan data dua tahun interval dari tahun 2009 hingga 2015. Hasil penelitian menunjukkan bahwa government size berpengaruh signifikan terhadap pertumbuhan ekonomi daerah dan berpengaruh secara tidak linier. Berdasarkan hasil model, dapat dihitung bahwa threshold untuk government size terhadap pertumbuhan ekonomi daerah adalah sebesar 38,98%. Jika pertumbuhan ekonomi daerah lebih dari itu, peningkatan government size akan berdampak negatif pada pertumbuhan ekonomi.</p> Ary Ratna Santika Riatu Mariatul Qibthiyyah Copyright (c) 2020-05-26 2020-05-26 20 2 212 230 10.21002/jepi.v20i2.975 Perkembangan Tingkat Pengembalian Investasi Pendidikan Menengah di Indonesia Tahun 2015 dan 2018 https://jepi.fe.ui.ac.id/index.php/JEPI/article/view/1310 <p><em>This research aims to estimate returns to secondary education in Indonesia, especially senior and vocational high school, and its development in 2015 and 2018. Data from Indonesia National Labor Force Survey (NFLS) 2015 and 2018 are used here. Returns are estimated using Two-Step Heckman Method. The results are, in 2015, returns to senior high school (9,32%) are higher than vocational high school (8,89%). However, in 2018, returns to vocational high school (9,53%) are higher than senior high school (9,41%). This shift is caused by the increasing number of vocational school graduates absorbed in workforce and increasing income of vocational school workforce.</em> -------------------------------- Penelitian ini bertujuan untuk mengetahui perkembangan tingkat pengembalian investasi pendidikan menengah di Indonesia, khususnya jenjang SMA dan SMK, serta perkembangannya pada tahun 2015 dan 2018. Data yang digunakan adalah Data Survei Angkatan Kerja Nasional (Sakernas) Indonesia tahun 2015 dan 2018. Estimasi tingkat pengembalian investasi pendidikan dilakukan dengan Metode <em>Two-Step Heckman</em>. Hasilnya, pada tahun 2015, tingkat pengembalian investasi pendidikan SMA (9,32%) lebih tinggi daripada SMK (8,89%). Namun pada tahun 2018, tingkat pengembalian investasi pendidikan SMK (9,53%) lebih tinggi daripada SMA (9,41%). Pergeseran ini disebabkan oleh semakin banyaknya lulusan SMK yang terserap di lapangan kerja serta meningkatnya penghasilan tenaga kerja lulusan SMK.</p> Nuelda Amalia Lilik Sugiharti Copyright (c) 2020-06-20 2020-06-20 20 2 231 252 10.21002/jepi.v20i2.1310