JAMPE (Journal of Asset Management and Public Economy)

The Impact of MSMEs, Population, Road Infrastructure, and Human Development Index on GRDP In Central Java

Manar Abdulsalam M Eldeib — 2025-01-10

National economic development is an effort to improve people's
welfare in order to fulfil their basic needs. This study analyses the effect
of the number of Micro, Small, and Medium Enterprises (MSMEs),
population, road infrastructure, and the Human Development Index
(HDI) on Gross Regional Domestic Product (GRDP) in Central Java in
2018-2022 with the aim of knowing whether umkm, population, road
infrastructure, and human development index affect GRDP. By using a
descriptive quantitative approach using secondary data obtained from
the Central Bureau of Statistics (BPS), this study uses statistical
analysis to test the relationship. The results showed that although
MSMEs and population did not have a significant effect on GRDP. This
study makes a significant contribution to the Human Development
Index (HDI) in Central Java so as to successfully build a human
development index that is in line with the growth of GRDP, we can see
from the results of the study which show that HDI has a positive effect
on GRDP when HDI increases by 1 per cent, the value of GRDP will
increase by Rp 2,185,483. Road infrastructure shows a significant
positive effect. This finding suggests that investment in infrastructure
and human development is an important driver of economic growth in
the region.

Analysis of Public Sector Financial Performance With The Value For Money Approach In Bogor Regency

Denny Erica — 2025-01-10

Financial performance is essential to ensure accountability and
efLiciency in public sector organizations, especially in government.
Public Sector Financial Performance requires assessment as a form of
evaluation, so that Linancial performance becomes more optimal. The
process of regional Linancial management consists of three stages:
planning, implementation, and accountability, according to Minister
of Home Affairs Regulation Number 13 of 2006 Concerning Regional
Finavfc ncial Management Guidelines. The Financial Performance of
the Bogor Regency Government in this study uses the Value for Money
(VfM) approach with 3 (three) main factors, namely: Economic,
EfLiciency, and Effectiveness of the 2014-2023 Fiscal Year. The Linancial
reports produced have been in accordance with government
accounting standards agreed upon by all parties involved, therefore
used as a guideline to produce fair, clear, and complete Linancial reports
to ensure transparency. The budget implementation report is a
Linancial report that describes the future budget and budget allocation
managed by the government during the reporting period. The Linancial
performance of the Bogor Regency public sector is economical, with an
average of 100.58%. However, efLiciency is still a concern, with an
average of 99.21%, which needs more attention. The results of this
analysis can be used as evaluation material for the Bogor Regency
Government so that its public sector Linancial performance is more
efLicient, so that the Bogor Regency Government can improve the
quality of service to the community to be more optimal.

Impact of Zoning Changes on Property Values in West Sulawesi: A Difference-in-Differences Analysis

Selly Kudrati Ningsih — 2025-01-10

This study explores how zoning regulations affect property values in West Sulawesi to understand the impact of zoning changes on real estate markets. The objectives include identifying the relationship between zoning modifications and fluctuations in property values and comparing areas that undergo zoning changes with those that do not. The study uses a quantitative research design and conducts a Difference-in-Differences analysis using secondary data from local property transactions, zoning maps, and demographic statistics from 2013 to 2023. The sample encompasses 150 neighborhoods throughout the province, offering a thorough perspective on local market dynamics. The results indicate a statistically significant positive correlation between zoning changes and rising property values, implying that updated regulations can effectively boost real estate market performance. The study also accounts for external factors, such as infrastructure development and local economic conditions, which significantly influence the outcomes of zoning changes. This research adds to the existing urban planning and property economics literature by demonstrating how zoning regulations can stimulate local economies and guide policy decisions. A key contribution of this study is its comparative analysis of property value changes in areas with and without zoning updates, providing valuable insights into the influence of zoning on property values in developing regions while emphasizing the importance of a holistic approach in assessing zoning impacts.

Smoking and Poverty: Empirical Study of Districts and Cities in Indonesia

Toni Aditya — 2025-01-10

The purpose of this study is to examine the factors that influence
poverty in cities and districts in Indonesia. Using a case study of 514
cities and districts in Indonesia from 2018 to 2021, this study examines
the effect of cigarettes and other factors on poverty in the country. The
dependent variable in this study is the poverty rate, and the
independent variables are as follows: cigarettes consumption, GRDP,
average years of male schooling (RLSL) and average years of female
schooling (RLSP). This study uses a panel data method which is a
combination of time series and cross section, and is a type of
quantitative research. The fixed effect model is the most appropriate
model to adopt, according to the research findings. The research
findings show that partially cigarettes have a significant positive effect
on poverty. Meanwhile, Gross Regional Domestic Product (GRDP),
Average Years of Male Schooling (RLSL), and Average Years of Female
Schooling (RLSP) do not affect poverty but tend to be positive.
Simultaneously, the variables in the study, namely cigarettes, GRDP,
IHPB, and IHPB together have a significant effect on poverty. Cigarettes
absorb a large portion of household income that should be allocated to
basic needs such as food, education, and health. As a result, household
spending on basic needs is often reduced, which can reduce the quality
of life and hinder opportunities to escape poverty. This can worsen
poverty by reducing the allocation of funds for investment in basic
needs and improving long-term welfare.

Determinants of Residential Property Price in Selected Asian Countries: A Sys-GMM Approach

Ignatius Abasimi — 2025-01-10

This study analyzes the determinants of residential property prices in 13 selected Asian countries. Key variables include the residential property price index, GDP per capita reflecting economic conditions, real interest rates impacting borrowing costs, inflation affecting purchasing power), population growth influencing housing demand, energy consumption reflecting demand pressures, and the Gini Index measuring income inequality. The research employs the System Generalized Method of Moments (Sys-GMM) for dynamic analysis of these endogenous variables. The results indicate that property prices are significantly influenced by prior price levels. Furthermore, GDP per capita, inflation, and population growth positively affect property prices, underscoring the roles of economic growth and demographic factors in shaping the property market. Higher GDP growth enhances household purchasing power, while population growth increases housing demand. Conversely, energy consumption negatively impacts property prices, reflecting cost pressures from rising energy demand. Interestingly, the real interest rate and Gini index do not significantly influence residential property prices, suggesting these factors may not directly affect price dynamics in the studied countries. These findings emphasize the need for policies that support economic stability and sustainable growth to enhance property market competitiveness. Policymakers should prioritize energy efficiency and inclusive economic development to ensure long-term resilience in the property sector. Sustainable economic policies are essential to strengthen the region's property market and effectively manage growing energy demands.