Journal of Indonesian Applied Economics <p>Journal of Indonesian Applied Economics (JIAE) is an online journal sponsored by the Faculty of Economics and Bussiness, Universitas Brawijaya. The purpose of this journal is to enhance the study of economic issues on all aspects of applied economics and finance. The referred Journal emphasizes quality, tests of theories, policy implications, and clarity. For further information and submission process, don't hesitate to <a href="" target="_self">contact us</a>.</p> <p>Online ISSN <a href="">2541-5395</a> | Print ISSN <a href="">1907-7947</a></p> Department of Economics, Faculty of Economics and Business, Universitas Brawijaya en-US Journal of Indonesian Applied Economics 1907-7947 Systematic Literature Review of UTAUT Model to Understand Adopter's Perception of Digital Mobile App Applications in the Indonesian Coal Mining Industry <p><strong>Purpose</strong></p> <p>This study investigates coal mining firms' technology use during epidemics and their strategies. It applies the UTAUT to the coal mining sector, focusing on five main aspects.</p> <p><strong>Design/Methodology/Approach</strong></p> <p>This study employs a systematic literature review (SLR) to analyze data from 13 selected papers on mobile app usage as digital technology. Data from 2014 to 2022 were gathered using the Scopus database, revealing insights into UTAUT-related research trends in the mining industry.</p> <p><strong>Findings</strong></p> <p>Reviewing the chosen papers reveals a strong link between tech adoption and leadership in coal mining. Empowered leadership notably drives technology adoption, positively impacting knowledge processes among followers.</p> <p><strong>Research Limitations/Implications</strong></p> <p>It recognizes that the systematic literature review offers valuable insights but findings could be constrained by available relevant papers. Future research might delve into more tech adoption and leadership aspects in coal mining to boost understanding.</p> <p><strong>Originality/Value</strong></p> <p>This research fills a gap by deeply examining technology adoption with UTAUT in coal mining. Given limited existing research, this study contributes insights and knowledge about digital tech in this field. Moreover, exploring leadership empowerment as a unique form adds originality and value to the research.</p> Wiwin Sujati Gatot Yudoko Liane Okdinawati Copyright (c) 2023 Journal of Indonesian Applied Economics 2023-08-31 2023-08-31 11 2 110 128 10.21776/ub.jiae.2023.011.02.1 Rethinking of Local Autonomy and Fiscal Decentralization Policy: Can It Improve The Quality of Human Capital? A Case in Eastern Region of Indonesia <p><strong>Purpose</strong></p> <p>This study aims to see the effect of regional autonomy and fiscal decentralization in the fields of education, health, and the economy in the development of human resources in Eastern Indonesia.</p> <p><strong>Design/methodology/approach</strong></p> <p>This study uses a quantitative approach with panel data regression utilizing data from 16 provinces in Eastern Indonesia from 2010-2019.</p> <p><strong>Findings</strong></p> <p>According to the results, the development of human resource quality is influenced by government spending on education, health, and GRDP per capita. However, the study reveals that capital expenditure does not play a significant role in the enhancement of human resource quality.</p> <p><strong>Research limitations/implications</strong></p> <p>One shortcoming of this research is its lack of detailed information regarding how capital expenditures, education expenditures, and health expenditures are distributed across various local governments.</p> <p><strong>Originality/value</strong></p> <p>This study shows the impact of fiscal decentralization and regional autonomy by comparing the results gap that occurs between the western and eastern regions of Indonesia on human resource development</p> Fahmi Prayoga Candra Fajri Ananda Copyright (c) 2023 Journal of Indonesian Applied Economics 2023-08-31 2023-08-31 11 2 129 145 10.21776/ub.jiae.2023.011.02.2 The Financial Behavior of Young Generation in Indonesia <p><strong>Purpose</strong></p> <p>This study explored self-efficacy's link to student financial behavior, assessing its influence and dimensions. The aim was to improve financial literacy and behavior among students through interventions. The study deepened understanding of self-efficacy's role in university students' financial behavior.</p> <p><strong>Design/methodology/approach</strong></p> <p>In quantitative research, researchers employ SEM, specifically PLS, to examine self-efficacy and financial behavior in university students. The study has 100 student respondents and uses SEM-PLS for complex analysis, aiming to offer empirical evidence for hypotheses. Findings could significantly enrich comprehension of self-efficacy's influence on financial behavior in college students.</p> <p><strong>Finding</strong></p> <p>Results show a positive link between variables. Higher self-efficacy relates to improved financial behavior. Confident individuals budget, save, and make wise financial choices. This underscores the need to enhance self-efficacy in interventions for better student financial behavior. Overall, findings emphasize self-efficacy's pivotal role in shaping financial behavior.</p> <p><strong>Research limitations/implications</strong></p> <p>This study offers empirical evidence of a positive link between self-efficacy and financial behavior, broadening understanding. It highlights psychological factors in financial behavior and extends self-efficacy's role in financial management literature. Financial education programs should enhance self-efficacy for better financial management, benefiting students' overall well-being.</p> <p><strong>Originality/value</strong></p> <p>This research merges self-efficacy and financial behavior concepts, showcasing the link between psychological factors and financial actions. Combining these constructs provides a holistic view of how self-beliefs impact financial choices and behaviors.</p> Irma Kurniasari Sumiati Kusuma Ratnawati Copyright (c) 2023 Journal of Indonesian Applied Economics 2023-08-31 2023-08-31 11 2 146 155 10.21776/ub.jiae.2023.011.02.3 Market Power and Firms' Performance: A Case of Indonesian Manufacturing Industry <p><strong>Purpose</strong></p> <p>This study aims to investigate the relationship between market power and firms’ performance in the Indonesian manufacturing industry.</p> <p> </p> <p><strong>Design/methodology/approach</strong></p> <p>Using the <em>Statistik Industri Besar dan Sedang</em> from BPS we extract the data about the market share and productivity of each firm that will represent market power and the firms’ performance respectively. The dataset also allows us to apply dynamic panel data that might address the endogeneity and reverse causality problem which could occur in the estimation.</p> <p> </p> <p><strong>Findings</strong></p> <p>The results suggest that market power has an inverted U-shaped relationship with firms’ productivity. Further analysis shows similar conditions also occur in all selected industries except automotive.</p> <p> </p> <p><strong>Research limitations/implications</strong></p> <p>This study could help policymakers if they want to influence firms’ performance based on their market share.</p> <p> </p> <p><strong>Originality/value</strong></p> <p>This paper applies the DPD method to address the endogeneity problem that might occur in the previous studies.</p> Janaska Nurrachmat Copyright (c) 2023 Journal of Indonesian Applied Economics 2023-08-31 2023-08-31 11 2 156 168 10.21776/ub.jiae.2023.011.02.4 Current Account Sustainability of South Africa with Regime Shifts <p><strong>Purpose</strong></p> <p>This study investigates the sustainability of current account with possible regime shifts in South Africa.</p> <p><strong>Design/methodology/approach</strong></p> <p>The study makes use of an annual data spanning from 1980 to 2021, the data is collected from International monetary fund. To ensure the order of integration of variables, the study used Fourier LM unit root test and Minimum LM unit root test. The study uses maki cointegration test with multiple structural breaks to examine the long run relationship between the variables in the presence of structural breaks.</p> <p><strong>Findings</strong></p> <p>Maki cointegration test confirmed a long run relationship between exports and imports of goods and services. The results indicate that the current account sustainability of South Africa is weakly.</p> <p><strong>Research limitations/implications</strong></p> <p>This study did not consider the effect of nonlinearities in the modelling processes. Another drawback of this study is that it did not use frequency analysis such as wavelet /Fourier transform since the current account can be affected by volatilities in the domestic and global markets. Therefore, for future studies it will be better if they overcome the limitations of this study.</p> <p><strong>Originality/value</strong></p> <p>This study focuses specifically on the issue of current account sustainability, taking into consideration the possible consequences of structural changes brought about by South Africa's prior economic crises. In addition, this study recommends the devaluation of currency for South Africa to ensure that the exports always exceed imports or the improvement in the current account deficit.</p> Senela Stungwa Teboho Mosikari Copyright (c) 2023 Journal of Indonesian Applied Economics 2023-08-31 2023-08-31 11 2 169 183 10.21776/ub.jiae.2023.011.02.5 Literature Review on Theories of International Trade and Policies Behind Modern World Trade <p><strong>Purpose</strong></p> <p>The essay aims to critically examine different theories proposed in the literature on international trade.</p> <p><strong>Design/methodology/approach</strong></p> <p>The essay is based on theoretical literature on the theories of international trade and working policies behind modern world trade globally.</p> <p><strong>Findings</strong></p> <p>The essay starts with traditional theories of international trade and an account of the mercantilist pattern of trade is provided, and comments are made on the use of simplified models in the classical theories. Significant focus is laid on the new trade theory and the use of strategic trade policies by advanced countries. A helpful supplement is provided regarding the role of FDI and technology in trade. A further effect of trade on growth is also analyzed. Theories of the 21st century are discussed with a call for models that can incorporate income inequality, political strategies, and other real-world factors.</p> <p><strong>Research limitations/ implications</strong></p> <p>The essay deals with only theoretical literature on international trade theories and policies. Findings and interpretation are subject to the theoretical development of international trade.</p> <p><strong>Originality/ value</strong></p> <p>The essay provided a critical explanation of international trade theories and tried to explain the paradigm shift in the theoretical framework of international trade.</p> Bharat Vijay Kumar Sachin Sharma Shallu Sehgal Babloo Jakhar Copyright (c) 2023 Journal of Indonesian Applied Economics 2023-08-31 2023-08-31 11 2 184 192 10.21776/ub.jiae.2023.011.02.6 The Impact of Covid-19 Towards Education Expenditure: Evidence from China <p><strong>Purpose</strong></p> <p>This paper aims to explore the impact of the COVID-19 epidemic on the study and life of graduate students, understand the current practical problems faced by effective graduate students, and explore the impact of the COVID-19 epidemic on the life of graduate students in universities.</p> <p><strong>Design/methodology/approach</strong></p> <p>In this paper, the graduate students of Guizhou University are targeted, and the specific impacts of COVID-19 on their personal safety, extra costs, self-control ability and employment are expounded.</p> <p><strong>Findings</strong></p> <p>The study founds that to support university graduate students during the prevention and control period, focus on establishing effective psychological support mechanisms and self-discipline development programs. Provide accessible counseling services and mental health awareness campaigns while enhancing resources to boost self-control and time management skills, especially for remote studying. Additionally, reinforce employment services with improved career guidance and job placement support, and address enrollment pressure through better communication and mentorship initiatives</p> <p><strong>Research limitations/implications</strong></p> <p>In this context, it is necessary to study the obstacles and problems brought by the COVID-19 epidemic to the study of graduate students in universities and try to resolve the adverse effects caused by the epidemic.</p> <p><strong>Originality/value</strong></p> <p>It points out various difficulties facing graduate students in universities under the background of epidemic prevention and control, and puts forward some appropriate suggestions based on the actual situation, so as to provide some insights for graduate students to understand how to deal with the negative effects of COVID-19</p> Zhang Yizhi Amran Rasli Copyright (c) 2023 Journal of Indonesian Applied Economics 2023-08-31 2023-08-31 11 2 193 205 10.21776/ub.jiae.2023.011.02.7 Assessing Information Security Risks in Clinical Laboratory in Accordance With ISO/IEC 27001 Standard <p><strong>Purpose</strong></p> <p>This study aims to assess the information security risks that still arise in a clinical laboratory accredited to ISO 15189 and certified to ISO 9001, as a preparation for digital-based services.</p> <p><strong>Design/methodology/approach</strong></p> <p>Using the ISO/IEC 27001 approach which is embedded in the qualitative method in this study, risk assessment is carried out by identification, analysis and evaluation through interviews with process owners at clinical laboratories in Jakarta.</p> <p> </p> <p><strong>Findings</strong></p> <p>As a result, it was found that the Busdev&amp;IT Department had the most information security risks (35 risks out of 384 total risks), which required further treatment based on the established risk appetite. Therefore, vigilance on the use of information systems in the laboratory needs to be increased in terms of information security.</p> <p><strong>Research limitations/implications</strong></p> <p>The research object was in the preparation stage for ISO 27001 certification, but the risk assessment is not only to comply with requirements, that also to have effective information security control among their process to ensure the sensitive information is secured.</p> <p><strong>Originality/value</strong></p> <p>This study answers the need for establishment of information security risk control in clinical laboratory.</p> Eddy Susanto Nilo Legowo Benny Ady Prabowo Copyright (c) 2023 Journal of Indonesian Applied Economics 2023-08-31 2023-08-31 11 2 206 216 10.21776/ub.jiae.2023.011.02.8