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Sukodono Village in Malang Regency has rich resource potential, but faces branding and optimization challenges. The level of community literacy related to science and technology is still low, affecting the development of a sustainable coffee ecotourism business model. Assistance in community empowerment in Sukodono Village, by developing a coffee ecotourism business model through a business model canvas (BMC), can be a solution to this problem. Coffee ecotourism development begins with a branding process through existing promotional media, including village maps, websites, and taglines to increase the popularity of Sukodono Village as a coffee ecotourism destination. Improving the quality of creative local human resources must also be encouraged so that they can apply modern business models in an effort to increase the competitiveness of the area.

The purpose of this paper is to investigate the role of people’s credit banks (BPRs), a predominant form of microfinance in Indonesia, in mitigating poverty. Using panel data from 31 provinces in Indonesia, this study employs static panel and panel models with instrument variables. Our findings substantiate that BPR credit significantly contributes to poverty reduction across various indices, including headcount poverty, poverty gap, and poverty severity measures. The empirical results offer valuable insights into the efficacy of targeted microfinance as a potent tool for poverty alleviation in developing economies.

Poverty is one of the main issues in the economic development of a country, including Indonesia. This was exacerbated when the Covid-19 pandemic had an impact on economic activities, so there are educated people who are still below the poverty line. Therefore, strategies in tackling the problem of poverty need to be developed in line with the times that have entered the era of digitalization. The research aimed to examine the importance of Information and Communication Technologies (ICTs) on high-educated poverty in East Java. Data obtained from the National Survey in Indonesia is analyzed with the random forest algorithm as a classification method in machine learning. The analysis shows that social media, laptop ownership, age, higher education, and internet access are the five most important variables for high-educated poverty classification in East Java. Based on this, a number of recommendations can be made to policy makers regarding the effect of digitalization on high-educated poverty in East Java.

Purpose This study examines the influence of macroeconomic variables on stock market performance in Indonesia and Japan from 2013 to 2023. Drawing upon the Efficient Market Hypothesis (EMH), we investigate how key factors such as interest rates, inflation, exchange rates, and economic events impact stock returns. Design/methodology/approach We examine the connections between these characteristics and stock market performance in two different markets using regression analysis and EMH as the theoretical framework. In order to find patterns and trends, we analyze data spanning a decade. Findings Interest rates strongly affect Indonesian stocks due to their influence on investor sentiment. In Japan, trade agreements have a significant positive impact on stock returns. However, stock returns in both countries are weakly connected to inflation, currency rates, and other economic and political factors. The global economy remains a key external factor for both markets. Research limitations/implications This study has some restrictions, such as data limitations and EMH framework-related presumptions. In the future, research may focus on longer-term effects, behavioral aspects, and sector-specific analysis to further our comprehension of these intricate interactions. Originality/value This research advances our understanding of market behavior under various economic conditions by analyzing the interaction of macroeconomic variables and stock market dynamics in two distinct economies.

Abstract East Java Province is one area in Indonesia with many potentials in the creative industry sector, especially SMEs. Unfortunately, SMEs growth in East Java Province is relatively slow because most of them still do not use technological tools. The reason is, SMEs is not attractive enough to the millennial generation and are still not digitized. This research was conducted to determine SMEs' potential digitalization to attract the millennial generation's interest in SMEs. The result showed three main obstacles to applying technology tools in the SMEs industry: marketing networking, branding and packaging, and product standardization. Apart from the obstacle, there are also three essential things to increase their interest in SMEs sectors, which are: SMEs community; local materials distribution; and optimization of the entrepreneurial mindset. A smart economy strategy can become a long-term economic investment to overcome every obstacle and stimulate the growth and Youngpreneur interest in the SMEs industry. Keywords:Millenial Generation, Smart Economy, SMEs

The policy of the electronification of regional payment transactions (ERPT) is one of the innovations implemented by Indonesia due to the COVID-19 pandemic so as to increase the economic activity and revenue. This study is aimed at increasing the understanding of smart governance, the contactless economy, and regional income in North Sumatra Province, Indonesia, and globally the new normal and the post-COVID-19 eras. This research study was carried out using the primary data obtained through questionnaires in 2021 applying the purposive sampling method and processed using the Structural Equation Model-Partial Least Square (SEM-PLS) models. Based on the six hypotheses proposed in this study, the results show that performance expectancy, the social influence, and the facilitating condition have a positive and significant impact on the behavioral use of the noncash payment transactions of taxes and levies in North Sumatra Province. On the other hand, the effort expectancy has no significant impact on the cashless transaction of paying taxes and levies in the North Sumatra Province.

In recent years, the implementation of machine learning applications started to apply in other possible fields, such as economics, especially investment. But, many methods and modeling are used without knowing the most suitable one for predicting particular data. This study aims to find the most suitable model for predicting stock prices using statistical learning with Arima Box-Jenkins, RNN, LSTM, and GRU deep learning methods using stock price data for 4 (four) major banks in Indonesia, namely BRI, BNI, BCA, and Mandiri, from 2013 to 2022. The result showed that the ARIMA Box-Jenkins modeling is unsuitable for predicting BRI, BNI, BCA, and Bank Mandiri stock prices. In comparison, GRU presented the best performance in the case of predicting the stock prices of BRI, BNI, BCA, and Bank Mandiri. The limitation of this research was data type was only time series data. It limits our instrument to four statistical methode only.

This study aims to examine the influence of ownership of non-farm enterprises by households on child participation in a secondary school in Indonesia; this area of research has received scant attention in recent times. This paper uses the Indonesia Family Life Survey (IFLS) data set that contains different levels of data, ranging from individual-level data to community-level data for the analysis. Using a binomial logistic regression model, this study finds that the ownership of non-farm enterprises generally increases the likelihood of children's participation in secondary education, especially senior high school. Further estimation using propensity score matching demonstrates that households with non-farm enterprises tend to have higher spending on school expenses than those that do not have non-farm enterprises.

Local economic development in Indonesia is still quite minimal, requiring new policies and strategies such as the creative economy. This study analyzes the influence of the creative economy as represented by the concentration of the creative class and its supporting factors on local economic development. Using panel data from Barekraf / BPS statistics for 2011-2015, the results show that the concentration of the creative working class has a significant impact on local economic development including supporting factor such as proportion graduated high educated, electrification ratio and internet coverage ratio. These findings indicate that the creative working class can encourage the growth of local economic development in a region.

Bromo Tengger Semeru National Park (BTSNP) is one of the conservation areas in Indonesian that functions as a protected area, a biosphere reserve area, and a tourism destination. The research was conducted to determine the BTSNP sustainable competitiveness potential as a tourism destination as well as conservation area. This research used secondary data obtained from the TripAdvisor site in 2018 and primary data obtained through interviews, FGD, documentation, and observation. The data was analyzed by using a sentiment analysis approach based on the Travel and Tourism Competitiveness Index (TTCI) concept. The result showed that BTSNP’s sustainable competitiveness was most negatively influenced by tourism policy and environmental conditions. To overcome those of negative impacts, the related stakeholders need to apply more suitable policies based on natural and social condition of BTSNP, such as biosphere reserve and local tourism clustering-based policy. The purpose of developing a new local tourism attraction (clustering) in BTSNP was to overcome waste and excess tourist capacity in the BTSNP protected area. The clustering also aims to maximize local tourism development strategies based on the biosphere reserve concept in the BTSNP area. So, the policies related to biosphere reserve and tourism clustering can effectively increase sustainable competitiveness ecotourism in BTSNP.

Bromo Tengger Semeru National Park (BTSNP) are designated as the 10 new Bali of Indonesia. As a protected area, BTSNP has unique ecotourism characteristics that distinguish it from other ecotourism destinations. This study seeks to examine the appropriateness of BTSNP sustainable development-based ecotourism through the Sustainable Livelihoods Approach (SLA) approach. This study used TripAdvisor reviews related to BTSNP in 2019 as the main data. The data were analyzed using a qualitative approach. The results of this study revealed the extent to which the process of developing BTSNP ecotourism on the basis of sustainable development as observed from economic, tourism, socio-cultural, and environmental aspects. The results of this study are expected to be considerations for policy-making to develop tourism that pays attention to the environment by not imposing BTSNP boundaries as protected areas for conservation.

This research was conducted at the Small and Medium Industry (IKM) of batik in the district of Sidoarjo, which is one of 15 districts in East Java who chose One Village One Product (OVOP) as strategies increase the power of competitiveness. There are many problems with SME batik ranging from resources, production processes to product sales, which affect the chosen competitiveness strategy. The respondents were entrepreneurs, the office of SMEs, the Ministry of Industry and Trade, the sub-district, and the village. This research aims to identify the inhibiting factors of increasing competitiveness in the small and medium batik industry in the district of Sidoarjo. The data collection process uses a questionnaire compiled with the Green Innovation approach with five main variables, Green Resource, Green Process, Green Product, Green Innovation, and Competitive Advantage. Green Innovation is a process of continuous innovation that considers the integration of the environment, finance, social systems in the company from the stage of ideas through research and development and commercialization that affect new products, services, technology, business, and organizational models. Determination of alternatives and strategy analysis using the Interpretative Structural Modeling (ISM) approach is a method that uses the opinions of experts on the questionnaire that has been distributed. Based on the analysis results, 14 inhibiting factors and six priority levels were obtained, with the highest value of the power driver in the training and outreach factor (10) as the main inhibiting factor in increasing competitiveness. Therefore, it requires the involvement of all parties related to the batik SMEs to improve their competitiveness and the strategies they choose.

The Pattern of Food Consumption Based on HDI in East Java The objectives of this article are (1) to analyze the influence of socio economic characteristics in influencing patterns of food consumption by HDI and (2) Analyze demand responses (elasticity) of East Java household to food prices and income changes. Linear Approximation Almost Ideal Demand System (LA/AIDS) and elasticity are used to answer the objectives by using microdata Susenas 2016. The result indicates that generally, socio economic characteristics contribute substantially in determining household food consumption patterns and based on their elasticity values, food commodities in East Java are price inelastic and more responsive to income changes. Keywords: Consumption Patterns; Demand Systems; LA/AIDS; East Java Abstrak Penelitian ini bertujuan untuk (1) menganalisis pengaruh karakteristik sosial ekonomi berdasarkan status IPM daerah terhadap pola konsumsi pangan rumah tangga dan (2) menganalisis elastisitas konsumsi pangan di Jawa Timur sebagai respons atas perubahan harga dan pendapatan. Model sistem permintaan Linear Approximation Almost Ideal Demand System (LA/AIDS) dan konsep elastisitas digunakan untuk menjawab tujuan tersebut dengan menggunakan data mikro Susenas 2016. Hasil penelitian menunjukkan bahwa secara umum, karakteristik sosial ekonomi memiliki andil yang besar dalam menentukan pola konsumsi pangan rumah tangga dan berdasarkan nilai elastisitasnya, komoditas pangan di Jawa Timur bersifat inelastis terhadap harga dan lebih responsif terhadap perubahan pendapatan.

The study examines the relationship between foreign direct investment (FDI) and gross domestic product (GDP) for ASEAN-5 countries between periods 1980 to 2014. The study uses a Toda-Yamamoto granger causality model to test the causality between the FDI and the GDP. The results show that the ASEAN countries are differently in responding the impacts of FDI to the GDP.

Banking sector plays a significant role in promoting a sustainable economic development. Its role wasimportant in ensuring the banking intermediary function to distribute money flow from deficit unit tosurplus unit. The analysis of the banking intermediary function was important to ensure the effectiveness ofthe monetary policy instrument, such as: SBI. The model of panel regression would be developed in thispaper to analysis some factors affecting bank loans in Indonesia. The objective was to understand thebehavior of bank loans in Indonesia

In  the  era of  sustainable  development,  alternative  and  sustainable  tourism havebecome a great  concern  for  local government. Sempu  Island which  is  located  inKabupaten Malang is one of  the interesting cases on how the Ecotourism conceptcould be combined to the local economic development and conservation issues. Theaims of this paper are to gather information about the picture of Ecotourism practicesin Sempu Island. Furthermore, it will formulate the strategic way to make ecotourismwork well to the development of the local society. Keywords: Sustainable development, ecotourism, Sempu Island and local economy.

The purposes of this study were to analyze the implementation of the Indonesian con-stitutional  values  in  Indonesia  and  in  the  regional  level of  trade policies  (AFTA-ASEAN Free Trade Area). The method used is a qualitative approach. The findings ofthis research stated that there are some trade policy that misses thebasic values  of the1945 Constitution and Pancasila, resulting inmismanagement in development policyand therefore contributesto lowering the level of public welfare in general. The policy,among others, is the policy of trade protection is not based on the principle of wealthcreation and equitable distribution, but is based on the behavior of crony-capitalism;government policiesrelated to foreign ownership in an investment is still not heedingthevalues  and principles of broad benefit of welfare, justice andequity; and governmentprotection policies in the agriculturalsector is still not optimal to create a high com-petitiveness. Keywords: constitution, international trade, welfare and equity.