JIEP: Jurnal Ilmu Ekonomi dan Pembangunan

Green Innovation, Renewable Energy, and Institutional Quality in Driving CO₂ Emission Decoupling: Evidence from Developing Countries

Ryan Anward, Deni Kusumawardani, Lilik Sugiharti — Tue, 26 May 2026 00:00:00 +0000

This study examines CO₂ emission decoupling in developing countries as a broader indicator of sustainable economic performance, not merely as emission reduction. Specifically, it analyzes the roles of green innovation, renewable energy consumption, and institutional quality in explaining whether economic growth can be increasingly separated from CO₂ emissions through technological capability, energy-system transition, and governance capacity. Using panel data from 34 developing countries over the period 2002–2021, the study applies the Tapio decoupling index to measure CO₂ emission decoupling status and transforms the resulting classification into an ordinal variable with three categories: negative decoupling, coupling, and decoupling. The determinants of decoupling status are analyzed using a panel generalized ordered logit model with average marginal effects estimation. The results show that green innovation significantly increases the probability of being in the decoupling category and emerges as the strongest positive determinant of decoupling performance. Renewable energy consumption also has a positive but marginally significant effect, indicating that renewable energy has begun to contribute to decoupling in developing countries, although its effect remains relatively modest. Institutional quality is negatively associated with decoupling, while its interaction with renewable energy is not statistically significant. Population also has a significant negative effect on the probability of decoupling. Overall, the findings suggest that decoupling in developing countries is driven more strongly by green innovation than by renewable energy or institutional quality, while governance improvements have not yet been fully translated into effective low-carbon transition outcomes.

Determinan Multidimensi Pembangunan Ekonomi: Analisis Simultan Modal Manusia, Sumber Daya Alam, dan Kelembagaan

Enni Sari Siregar, Yulia Pratiwi Siregar , Nurintan Siregar — Tue, 26 May 2026 00:00:00 +0000

This study aims to analyze the influence of education, health, mineral resources, forest resources, and institutional quality on economic development in North Sumatra. The data were analyzed using multiple linear regression to determine the impact of each independent variable on the dependent variable. The findings reveal that education, health, mineral resources, and institutional quality have a significant impact on economic development. In contrast, forest resources do not have a significant influence. This suggests that economic development is more heavily driven by human capital quality and institutional frameworks rather than a reliance on forest resources. Consequently, enhancing the quality of education and health, optimizing mineral resource management, and strengthening institutions are critical factors in accelerating regional economic development.

Paradoks Globalisasi Multidimensi: Analisis Bukti Empiris dari Pertumbuhan Ekonomi di ASEAN

Restu A Suryaman, Sardoraja Sardoraja, Anwar Maulana, M Iqbal Baihaqi — Tue, 26 May 2026 00:00:00 +0000

This study examines the impact of multidimensional globalization on economic growth in ASEAN countries over the period 2019–2024. Using the KOF Globalisation Index, globalization is decomposed into economic, social, and political dimensions to capture its heterogeneous effects. Panel data estimation is conducted using the Fixed Effect Model (FEM), with System Generalized Method of Moments (System GMM) employed as a robustness check to address potential endogeneity. The results reveal that economic globalization and foreign direct investment have a positive and significant effect on economic growth, indicating the important role of trade integration and capital inflows in enhancing economic performance. In contrast, political globalization shows a negative and significant effect, supporting the existence of a globalization paradox, where deeper political integration may reduce domestic policy flexibility and hinder growth. Social globalization and labour force are not statistically significant. The System GMM results confirm the robustness and consistency of the main findings. These results highlight that globalization has asymmetric effects, implying that ASEAN countries need to adopt a selective and strategic globalization approach to promote sustainable economic growth.

Pengaruh Pengeluaran Riset dan Inovasi, Total Direct Investment, dan Indeks Pembangunan Manusia Terhadap Penggunaan Energi Terbarukan di Indonesia

Muhammad Dicky Dermawan, Muzdalifah — Tue, 26 May 2026 00:00:00 +0000

Indonesia is a developing country with vast renewable energy potential, yet its utilization remains far from optimal, contributing only 12.3% to the national energy mix in 2022. Factors such as research and innovation expenditure, investment, and human development quality are believed to influence this transition. Therefore, this study aims to analyze the effect of Research and Innovation Expenditure, Total Direct Investment (TDI), and Human Development Index (HDI) on the use of renewable energy in Indonesia. The research method employed in this study is a quantitative approach using multiple linear regression (OLS). The data used are annual secondary time-series data obtained from Statistics Indonesia (BPS), the World Bank, the National Research and Innovation Agency (BRIN), and the Ministry of Energy and Mineral Resources, covering 8 observations for the period 2015–2022. Classical assumption tests were conducted, including normality, multicollinearity, heteroscedasticity, and autocorrelation tests. The results indicate that, simultaneously, all three variables have a significant effect on renewable energy use. However, partially, only the Human Development Index has a positive and significant effect, while research and innovation expenditure and TDI do not show significant effects. These findings suggest that improving the quality of human resources plays a crucial role in promoting the adoption of clean energy, whereas the contributions of research and investment still need to be enhanced to more effectively support the energy transition.

Pola Spasial dan Determinan Ketimpangan Pendapatan di Indonesia

Dian Novita Ramadani, Endang Rostiana, Gugum Mukdas Sudarjah — Tue, 26 May 2026 00:00:00 +0000

This study comparatively analyzes the spatial patterns and determinants of inter-provincial income inequality in Indonesia using the Theil Index for the years 2016 and 2023. Based on the Theil Index calculations, the level of inequality increased in 2023 compared to 2016. The Global Moran’s I test results reveal a significant positive spatial autocorrelation in both observation periods, confirming the existence of spatial dependence. The analysis proceeds with the Local Indicator of Spatial Association (LISA) and the Spatial Error Model (SEM). Specifically, the LISA mapping identifies regional polarization, wherein provinces with high inequality cluster together (High-High cluster) and are concentrated in Eastern Indonesia. Furthermore, the SEM estimations indicate that per capita GRDP and economic structure have a positive and significant effect on widening inequality. Conversely, formal labor exhibits a negative and significant effect in reducing inequality, while the Human Development Index (HDI) shows a negative but insignificant effect. Additionally, the significant spatial error coefficient (λ) confirms the presence of spatial dependence within the error component, indicating that unobserved shocks in one province generate spatial spillover effects on the inequality levels of its neighboring regions.

Skenario dan Simulasi Target Indeks Pembangunan Manusia Lima Provinsi di Kalimantan 2024-2028

Hayatun Nufus, Hidayatullah Muttaqin — Tue, 26 May 2026 00:00:00 +0000

Unrealistic targets for the Human Development Index (HDI) often hinder the effectiveness of regional development planning. This study aims to formulate optimistic, moderate, and pessimistic HDI target scenarios for the 2024–2028 period across five provinces in Kalimantan, while simulating its constituent components: Mean Years of Schooling (MYS), Expected Years of Schooling (EYS), Life Expectancy (LE), and Adjusted Per Capita Expenditure (APE). Adopting a descriptive quantitative approach using Statistics Indonesia (BPS) data from 2010–2023, the data were analyzed through linear projection and average growth methods, processed via the Regional HDI Simulation Application. The findings indicate a consistent positive growth trend across all regions, with East Kalimantan projected to surpass a score of 80 by 2027. Adjusted Per Capita Expenditure (APE) is identified as the primary key driver for target achievement, in contrast to the education and health components, which exhibit stable but slower growth. The study recommends the necessity of economic transformation to enhance inclusive real income and the synchronization of optimistic scenarios into Regional Medium-Term Development Plans (RPJMD) to ensure the equitable sustainability of human quality of life in Kalimantan.

Pengaruh Sektor Keuangan Syariah Terhadap Pertumbuhan Ekonomi Indonesia

Khairunnisa, Syahrituah Siregar — Tue, 26 May 2026 00:00:00 +0000

This study examines the effect of Islamic financial sector instruments on economic growth in Indonesia by focusing on three key variables: the distribution of Zakat, Infaq, and Sadaqah (ZIS) funds, the Indonesia Sharia Stock Index, and Islamic banking financing. The study employs a quantitative approach using monthly time series data from January 2022 to October 2024, resulting in 34 initial observations. The data were obtained from the Central Statistics Agency, the National Zakat Agency, Google Finance, and the Financial Services Authority. Multiple linear regression was applied to estimate the relationship between Islamic financial sector variables and Indonesia’s economic growth. The findings indicate that the three independent variables jointly have a significant effect on economic growth. Partially, the distribution of Zakat, Infaq, and Sadaqah funds has a positive and significant effect, while Islamic banking financing has a significant but negative effect. Meanwhile, the Indonesia Sharia Stock Index does not show a statistically significant effect on economic growth during the observed period. These findings suggest that the contribution of Islamic finance to economic growth is not uniform across instruments. Social finance appears to play a more direct role in supporting aggregate demand, whereas the effect of Islamic banking financing requires further attention, particularly regarding allocation efficiency, sectoral targeting, and transmission to the real economy.

The Role of Gender Diversity in Moderating the Effect of Profitability, Firm Size, and Solvency on the Stock Price of Islamic Banks Listed on IDX

Tue, 26 May 2026 00:00:00 +0000

This study examines the relationship between gender diversity and the stock prices of Islamic banks in Indonesia, as well as the effects of profitability, business size, and solvency. The study is motivated by the importance of fundamental performance in establishing the market value of Islamic banks, which is especially relevant given the growing emphasis on inclusive governance. Using panel data regression and Moderated Regression Analysis (MRA), this study employs a quantitative technique to analyze four Islamic banks listed on the Indonesia Stock Exchange from 2020 to 2024. The findings show that all three variables have a significant effect on stock prices. Finding that gender diversity moderates these associations albeit negatively suggests that a greater proportion of female directors tends to mitigate the effect of fundamental variables on stock prices. These results suggest that in order to achieve the goal of increasing the capital market value of Islamic banks, it is essential to strategically manage the leadership roles of women.

Pengaruh PGI-Triangle (Kemiskinan, Pertumbuhan dan Ketimpangan) Terhadap Akses Pendidikan di Kalimantan Selatan

Herny Yanti, Haifa Lestari — Tue, 26 May 2026 00:00:00 +0000

This study aims to analyze the effect of the PGI-Triangle, consisting of poverty, economic growth, and income inequality, on access to education in South Kalimantan Province. Access to education in this study is measured using the average years of schooling (AYS) as a proxy for educational accessibility. This research employs a descriptive quantitative approach using panel data regression, combining time series and cross-sectional data from 13 regencies/cities in South Kalimantan during the 2014-2024 period. The data used are secondary data obtained from the Central Statistics Agency (BPS) of South Kalimantan Province and analyzed using EViews software. The Chow and Hausman test results indicate that the Fixed Effect Model (FEM) is the most appropriate model. The findings show that poverty and income inequality have a negative and significant effect on access to education, while economic growth has a positive and significant effect. Simultaneously, all variables in the PGI-Triangle significantly affect access to education in South Kalimantan. The coefficient of determination (R²) of 95.94% indicates that variations in access to education can be strongly explained by these three variables. These findings highlight the importance of integrated, inclusive, and equitable development policies to expand equal access to education across South Kalimantan.

Pengaruh Penerimaan Pajak Daerah dan Investasi Terhadap Produk Domestik Regional Bruto di Provinsi Kalimantan Tengah

Halwatul Adzkia Nafi'ah, Muhamad Rusmin Nuryadin — Tue, 26 May 2026 00:00:00 +0000

Regional economic growth is closely related to fiscal capacity and investment performance. This study aims to examine the effect of Local Tax Revenue, Domestic Investment, and Foreign Investment on Gross Regional Domestic Product (GRDP) in Central Kalimantan. This research employs a quantitative approach using time-series data from 1993 to 2023 obtained from the central bureau of statistics. The analytical method applied is multiple linear regression with a logarithmic transformation. The result indicates that local tax revenue, domestic investment, and foreign investment significantly affect GRDP. Partially, local tax revenue and foreign investment are crucial in promoting regional economic growth. Therefore, local government is expected to strengthen fiscal policies and create a conducive investment climate to support sustainable economic development.

Determinasi Pertumbuhan Ekonomi Regional melalui Indikator Pembangunan Gender: Studi Data Panel Kabupaten/Kota se-Provinsi Kalimantan Selatan Periode 2019-2023

Bulqis Nahlia, Chairul Sa'roni — Tue, 26 May 2026 00:00:00 +0000

This research paper aims to examine the impact of gender development on the growth of Gross Regional Domestic Product (GDP) in South Kalimantan Province from 2019 to 2023 using the Gender-Based Ratio approach. The method used is panel data regression analysis with a Random Effect Model (REM). Secondary data used covers 13 districts and cities and was analyzed using Eviews 12 software. The results of the study indicate that, collectively, the life expectancy ratio, the expected years of schooling ratio, and the labor force participation rate ratio significantly influence the growth of Gross Regional Domestic Product (GRDP). Separately, life expectancy, expected years of schooling ratio, and the labor force participation rate show significant effects, while per capita expenditure does not show a substantial influence. The most dominant factor identified is life expectancy. These results indicate that improving the quality of health and education is crucial for driving economic growth. Consequently, there is a need for more inclusive and gender-focused development policies to ensure sustainable and equitable economic growth across the region.

Pengaruh Modal Usaha, Harga Jual, dan Lama Usaha Terhadap Pendapatan Pedagang Ayam Potong di Kecamatan Bati-Bati Kabupaten Tanah Laut

Vina, Khairi Pahlevi — Tue, 26 May 2026 00:00:00 +0000

This study aims to analyze the influence of business capital, selling price, and business duration on the income of broiler chicken traders in Bati-Bati District, Tanah Laut Regency. The phenomenon of broiler chicken trading in this area is important to examine due to intense competition among traders and fluctuating market demand. This research used primary data collected from 37 respondents through a census method. Multiple linear regression analysis using EViews version 12 was applied to examine the simultaneous and partial effects of the independent variables on trader income. The findings indicate that business capital, selling price, and business duration simultaneously affect income. Partially, only business capital has a significant positive effect, while selling price and business duration are not statistically significant. Business capital is identified as the dominant determinant of income, indicating that greater capital enables traders to maintain stock availability and respond to demand more effectively. These findings imply that strengthening access to business capital may support income improvement among broiler chicken traders.

Pengaruh Produksi Beras, Tingkat Kemiskinan, Jumlah Penduduk terhadap Indeks Ketahanan Pangan di Provinsi Kalimantan Selatan: Analisis Data Panel 2018–2024

Muhammad Saufi, Eny Fahrati — Tue, 26 May 2026 00:00:00 +0000

This study investigates the macroeconomic and demographic determinants of the Food Security Index (FSI) in South Kalimantan during the 2018–2024 period. Despite its strategic designation as one of Indonesia’s national food barns, the region faces persistent challenges in stabilizing local food security. Employing panel data regression analysis, specifically the Fixed Effect Model (FEM), this research evaluates the simultaneous and partial impacts of aggregate rice production, poverty rates, and population size on the regional FSI. The empirical findings reveal a critical macroeconomic anomaly: while the selected variables simultaneously influence the food security framework, rice production identified as the most dominant determinant that exhibits a statistically significant negative effect on the FSI. Similarly, the poverty rate demonstrates a significant negative impact, whereas population size remains statistically insignificant. This counterintuitive dynamic, where increased agricultural output paradoxically corresponds with declining regional food security, exposes severe structural bottlenecks within the supply chain. It strongly suggests that agricultural surpluses do not inherently translate into local food availability; rather, output is likely extracted through external market distributions, leaving the local population vulnerable due to constrained purchasing power. Consequently, this study concludes that achieving sustainable food security requires a fundamental policy shift. Rather than relying strictly on an output-centric agricultural paradigm that merely boosts harvest yields, regional policymakers must implement targeted economic interventions prioritizing poverty alleviation, equitable domestic distribution networks, and enhanced economic accessibility for marginalized communities.

Penerapan Metode Analytical Hierarchy Process (AHP) dalam Mengoptimalkan Alokasi Dana Desa di Desa Catur Karya Kecamatan Haruai Kabupaten Tabalong

Herawati, Ahmad Yunani — Tue, 26 May 2026 00:00:00 +0000

This research is motivated by the importance of optimizing Village Fund allocations as a fiscal instrument to foster local economic independence and community welfare in Catur Karya Village, Tabalong Regency. The primary focus of this study is to determine the priority scale of Village Fund utilization to address the challenges of budget constraints amidst the highly dynamic needs of village development. The methodology applied is a qualitative descriptive approach using the Analytical Hierarchy Process (AHP) instrument. The analysis results show that three main criteria serve as the basis for consideration: alignment with the Village Mid-Term Development Plan (RPJMDesa), village potential strengths, and urgent problems. Based on the weight calculations, the priority order for village expenditure allocation was found as follows: community empowerment sector (43%), village development (29%), community guidance (17%), and village government administration (11%). The study concludes that community empowerment is the most dominant component that must be prioritized to create inclusive economic growth.

Strategi Pengembangan Pariwisata Ramah Muslim Berbasis Ekonomi Hijau dengan Pendekatan SWOT dan AHP di SPTN Wilayah II Pulang Pisau

Tue, 26 May 2026 00:00:00 +0000

This study aims to analyze the development of Muslim-friendly tourism based on a green economy framework in SPTN Region II Pulang Pisau, Sebangau National Park. A mixed methods approach with a sequential explanatory design was employed, utilizing observations, in-depth interviews, Focus Group Discussions (FGD), and strategic analysis using SWOT (IFAS–EFAS) and the Analytical Hierarchy Process (AHP). Informants were selected through purposive sampling based on expert judgment, involving seven key participants. The results indicate that the area is positioned in the hold and maintain quadrant (IFAS 2.51; EFAS 2.65), suggesting that development efforts should focus on strengthening fundamental aspects. Key potentials include the high biodiversity of the peatland ecosystem, strong support from conservation partners, and active community participation. However, major constraints include limited infrastructure, suboptimal halal facilities, and the high risk of forest and peatland fires. The AHP results identify priority strategies, including strengthening partnerships for fire mitigation (0.403), improving halal tourism facilities (0.321), and enhancing conservation-based branding (0.276). Therefore, development should be implemented in a gradual, collaborative, and adaptive manner to maintain a balance between ecological sustainability, spiritual needs, and economic development.

Kerangka Adaptasi Pada Optimasi Pendapatan Industri Mebel Skala Usaha Kecil dan Rumah Tangga di Kota Kupang

Tue, 26 May 2026 00:00:00 +0000

The limitations of production optimization approaches in small-scale and household furniture industries generally fail to account for parameter stability under conditions of market uncertainty. Although linear programming (LP) has been widely applied to microenterprises in Indonesia, most studies focus solely on optimal solutions without examining parametric stability, thereby creating a research gap. This study was conducted in Kupang City, East Nusa Tenggara, using primary data from 72 business units. Two LP models based on the simplex method were formulated and analyzed using sensitivity and demand scenario approaches. The results indicate that the optimal solution is sensitive to changes in profit coefficients, particularly for doors and cabinets, which have a narrow stability range. Skilled labor is the primary constraint, while capital and raw materials are unconstrained. Scenario analysis indicates potential revenue fluctuations, necessitating a scenario-based adaptation framework to support evidence-based decision-making.

Market Governance and Ecological Sacrifice in Tobacco Farming: Environment–Livelihood Trade-Offs and Hybrid Institutions in The Besuki Raya Region East Java Province, Indonesia

Herman Cahyo Diartho, Agus Luthfi, Rhamanda Try Muktianto, M. Iqbal Fardian — Tue, 26 May 2026 00:00:00 +0000

Tobacco farming in Besuki Raya, East Java, demonstrates how environmental degradation in smallholder agrarian systems is shaped by market power, livelihood dependence, and hybrid institutional arrangements. This study examines how economic governance structures influence environmentally consequential production practices and environment–livelihood trade-offs in tobacco farming. The study was conducted in the Besuki Raya region of East Java, Indonesia, covering Jember, Lumajang, Bondowoso, and Banyuwangi as major tobacco-producing districts. A qualitative political–economic ethnographic design was employed. Data were collected between March and November 2025 through 54 in-depth interviews, eight focus group discussions involving 56 participants, 36 field observation visits, document analysis, and limited netnographic observation of six WhatsApp and Facebook farmer communities. Data were analysed using ATLAS.ti 23 through open, axial, and selective thematic coding. The findings show that formal regulations, market mechanisms, cooperatives, and patron–client relations stabilise short-term livelihoods while reproducing environmentally intensive farming. Warehouse-based grading and advance financing encourage chemical input use, accelerated production, and quality compliance because prices and debt repayment are determined after harvest. This study contributes to ecological economics by showing that environmental degradation is embedded in market governance rather than arising from isolated farmer behaviour or technical inefficiency alone.

Apakah Insentif Fiskal Berbasis Kinerja Mendorong Dinamika Pertumbuhan Regional? Bukti Spasial dari Kalimantan Tengah, Indonesia

Sastori Aryanto, Wiwin Zakiah, Benius Benius — Tue, 26 May 2026 00:00:00 +0000

Regional economic disparities remain a persistent challenge in Indonesia's decentralized fiscal system, particularly in resource-rich provinces like Central Kalimantan. This study analyzes the direct influence and spatial spillover effects of Regional Incentive Funds (DID) on regional economic growth and growth dynamics among districts/cities in Central Kalimantan during the 2020–2024 period. Using balanced panel data and the Spatial Durbin Model (SDM) approach, this analysis accommodates spatial dependency through a spatial weighting matrix based on regional proximity. The results indicate significant spatial autocorrelation in regional economic growth and fiscal allocation, as indicated by Moran's I values of 0.214 for economic growth and 0.301 for DID allocation. Empirical findings indicate that DID has a positive and significant direct influence on regional economic growth (0.082; p<0.05), and generates positive spillover effects to neighboring regions (0.054; p<0.05). Furthermore, the growth dynamics model confirms the existence of conditional β growth dynamics, with the initial income coefficient negative and significant (-0.143; p<0.05), indicating that poorer regions tend to grow faster than wealthier regions. This finding indicates that DID functions not only as a governance incentive mechanism but also as a strategic fiscal instrument that promotes spillover-based development and regional growth dynamics. Therefore, policymakers need to integrate spatial aspects into the design of fiscal transfers and strengthen interregional connectivity, infrastructure, and human capital investment to achieve more inclusive regional growth.

Analisis Dampak Investasi Energi Terbarukan Terhadap Pertumbuhan Ekonomi Indonesia dan Implikasinya Bagi Pembangunan Berkelanjutan

Rizka Amalia Putri — Sun, 31 May 2026 00:00:00 +0000

The transition toward renewable energy has emerged as a fundamental strategic response to mitigate the adverse effects of global climate change and to fulfill the urgent demand for sustainable energy systems worldwide. This study aims to empirically analyze the impact of renewable energy investment on economic growth in Indonesia. To achieve this objective, a quantitative approach is employed using a simple linear regression model. The analysis utilizes annual time series data spanning a fifteen-year period from 2010 to 2024. Within this empirical framework, the total installed capacity of renewable energy power plants is utilized as a measurable proxy for green investment, while the Gross Domestic Product (GDP) serves as the primary indicator of economic growth. The statistical estimation results demonstrate that an increase in the installed capacity of renewable energy significantly and positively affects the national GDP. These findings indicate that capital allocation toward green energy infrastructure does not hinder economic expansion but rather acts as a catalyst for value creation. Consequently, the study highlights the critical importance of formulating integrated governmental policies and providing targeted investment incentives. Such structural interventions are essential to accelerate an inclusive national energy transition, attract broader private sector participation, and ultimately ensure long-term sustainable economic development in Indonesia.

The ESG Paradox in ASEAN Islamic Banking: Evidence From ESG Performance

Muslimin Muslimin, Sri Hasnawati, Mahatma Kufepaksi — Wed, 10 Jun 2026 00:00:00 +0000

This study examines the ESG paradox in ASEAN Islamic banking, where Shariah compliance does not guarantee superior sustainability performance. Using pooled data from 53 listed banks across six ASEAN countries (2015 – 2024), the research analyses the determinants of ESG performance through pooled OLS regression with HAC estimators. Findings reveal an "ESG Paradox": Islamic finance presence shows no significant positive effect on aggregate ESG scores and shows a marginally negative association with environmental performance in the moderation model. Community engagement consistently drives all ESG pillars, while business ethics policies unexpectedly weaken the community-environment relationship. The study introduces "symbolic ESG" as a theoretical framework, highlighting that Shariah certification often serves as reputational veneer rather than substantive ethical driver. These findings urge regulators to harmonize Shariah audit standards, strengthen SSB independence, and mandate environmental disclosures, while stakeholders should avoid equating religious labels with ethical substance to sustain faith-based trust and prevent governance failures.