Journal of Sustainable Economics

The Impact of Trade Policies on Economic Growth in Tanzania

2024-11-09T09:50:56+07:00

Effective trade policy is very important to support economic growth. This study's main goal is to evaluate how trade policies affect Tanzania's economic expansion. In this study, quantitative research techniques and a time series research design were used. The study's population consists of economic data spanning the years 1990 to 2020. The analysis examined thirty observations, or annual data, from two trustworthy sources: The World Bank and the International Monetary Fund (IMF). The study's findings indicate that, because the qualities are connected with growth, trade policy influences Tanzania's economic growth. The study comes to the conclusion that trade adjustments in these important sectors gave preference to ineffective operations over productive ones in order to support infrastructure, health, education, and agriculture, the government needs manage its resources well. It should also specify exactly which laws and rules need to be followed in order to implement national policies.

Optimization of Quadruple Helix Using RUMEUNG App for Sustainable Tourism Development in West Java

2024-11-09T10:17:56+07:00

The development of tourism concepts requires collaborative efforts across multiple stakeholders. This study focuses on enhancing the tourism sector through the "RUMEUNG" application, designed to integrate efforts from government, academia, business, and local communities. Such integration is essential for fostering creativity, ensuring high-quality final products, and maintaining competitiveness in the increasingly diverse market of tourism. West Java, an expansive region, is identified as having 2,583 potential tourist sites as per the Department of Tourism and Culture. To optimize these assets, coordinated development and marketing strategies are critical. This qualitative study uses descriptive research techniques to assess and improve the usability of the "RUMEUNG" applicationâ€™s user interface. It adopts the Lean UX methodology for design and evaluates the outcomes using Single Ease Questions (SEQ) and the System Usability Scale (SUS). Additionally, the research explores the application of the Quadruple Helix model in tourism development in West Java through the RUMEUNG program, aiming to enhance digital integration among the key stakeholders. Results indicate that the user interface design of RUMEUNG is highly accessible, with a SEQ score of 8.5%. Most users found the interface to be extremely easy to use (7%), while others rated it as easy (12%) and very easy (3%). The SUS scores were also favorable, falling within the grade B range (80-90), which reflects good usability. By implementing a Quadruple Helix approach, the RUMEUNG application potentially facilitates robust collaboration, promoting sustainable tourism development in West Java.

Sustainability of Islamic Bank Financing across Macroeconomic and Internal Factors

2024-11-09T10:33:09+07:00

The sustainability of Islamic banking financing can be evaluated by examining the dynamics of financing risk, as an escalation in financing risk may lead to significant losses for banks. This study aims to investigate the long-term and short-term effects of internal factors and macroeconomic conditions on the financing risk encountered by Islamic banks in Indonesia. This study utilizes quarterly time series data from 2015 to 2023, with Financing Risk as the endogenous variable and Macroeconomics, Capital, Efficiency, and Bank Performance as the exogenous factors. This study utilizes Autoregressive Distributed Lag (ARDL) analysis technique. The results indicate that, over the long term, internal factors such as capital, efficiency, and performance substantially affect financing risk. Capital exerts a detrimental influence, although both efficiency and the performance of Islamic banks positively affect financing risk. In contrast, macroeconomic factors are found to exert no substantial influence on financing risk. In the short term, capital and efficiency exert considerable effects, with capital adversely influencing financing risk and efficiency favorably improving it. The performance of Islamic banks does not substantially influence financing risk throughout this period. Macroeconomic conditions are observed to positively affect financing risk. This study's conclusions offer significant insights for analysts of Islamic banking risk, facilitating educated short-term and long-term decision-making to more effectively predict variations in financing risks.

Connectivity Infrastructure Spending and Its Indicator Achievement: Case Study of Southern Sumatra Region

2024-11-09T18:54:05+07:00

Connectivity infrastructure is one of the crucial aspects in the development of a region. The Indonesian government has allocated a significant budget for connectivity infrastructure spending. The effectiveness of infrastructure spending reflects how much the connectivity infrastructure indicators have been achieved. The increase in connectivity infrastructure spending must be directly proportional to the rise in the quality and quantity of connectivity infrastructure. This study aims to analyze the correlation between connectivity infrastructure spending and the achievement of its indicators, especially in the Southern Sumatra region. The analysis method used is the Pearson Correlation analysis method, an approach to analyzing growth and the effectiveness of connectivity infrastructure spending. The results show that infrastructure spending and the achievement of its indicators have a relatively weak and negative correlation for roads and bridges. This study provides implications that the Southern Sumatra Region still needs improvement and evaluation between the distribution of government spending and program implementation for better regional development effectiveness.

Beyond the Neoclassical Approach Addressing Income Inequality in Indonesia Through Institutional Economics

2024-11-21T11:12:48+07:00

Indonesia is a developing country that still has many economic development problems. Income inequality is one such problem. In the Cold War era, many countries, including Indonesia, began to adopt the neoclassical economic system used by the West to stem the influence of Soviet communism. Unfortunately, much literature states that the neoclassical school of economics creates a wide curtain between the rich and the poor. Income inequality is a problem that can lead to social unrest, and it was proven that in 1997/1998, there was a multidimensional crisis caused by this widening inequality. The ability of neoclassical economics to answer Indonesia's economic challenges is starting to be doubted. This is due to quite complex problems in the structure of Indonesian society, which still adheres closely to local culture, norms, and customs in carrying out its economic activities. Adopting a new institutional economic system is deemed more appropriate to address the challenges of income inequality in Indonesia than the neoclassical economic system. The new institutional economic system is able to explain that differences in culture, societal structure, and norms will shape different economic behavior, so the role of institutions and externalities is needed to support this form of economic behavior. In this article, we will explain the condition of income inequality in Indonesia, the use of neoclassical schools of thought in developing countries such as Indonesia, and the role of new institutional economics in explaining the problem of income inequality in Indonesia.