The recent multidimensional crisis has harmed the global economy because countries are currently integrated. In this study, we examine the spillover effect of the United States (US) interest rate on the output gap of ASEAN+3 countries using the dynamic spatial Durbin model from 2010 to 2020. After controlling for various institutional variables, this analysis further examines the effect of the exchange rate and the COVID-19 pandemic on the output gap. This model captures the spatial interactions and short- and long-term effects of interest rate monetary policies. The findings indicate a negative spillover effect of the US central bank interest rate on ASEAN+3 countries’ output gap. The result had significant direct and indirect short-term effects. Additionally, exchange rates negatively affect the output gap. The output gap decreased because of the COVID-19 pandemic. This study is expected to be useful for monetary authorities in developing the best monetary policy for economic recovery.

To mitigate climate change problems, a low-carbon renewable energy policy is needed. Evaluating the impact of these problems on global value chains is essential to ensure an effective transition to sustainable economic development. This study analyzes the impact of emission reduction policies on Global Value Chains (GVC) using the Global Trade Analysis Project-Energy (GTAP-E) model by addressing three fundamental research questions. First, how does the implementation of B40 renewable energy policy combined with carbon tax affect Indonesia’s energy sector output and carbon emissions? Second, to what extent does this policy influence Indonesia’s participation in GVC, particularly in the crude palm oil (CPO) industry? Third, what are the implications for economic growth and social welfare? Our analysis focuses on the CPO sector, considering Indonesia’s position as the world’s largest producer and its potential for sustainable biofuel production through clean technological processes. The results of this study show that the policy effectively reduces carbon emissions through decreased fossil fuel production while promoting renewable energy adoption. It significantly increases Indonesia’s forward GVC participation in the CPO sector, enhancing value addition and international competitiveness. Furthermore, the policy generates positive impacts on economic growth and social welfare. This study emphasizes the importance of international policy coordination and the crucial role of technological innovation in achieving sustainable economic development for a low-carbon economy and strengthening Indonesia’s position in the global value chain.

Global economic developments are currently facing economic fluctuations and the climate change crisis, which demand a development approach that integrates growth with environmental sustainability. Although participation in Global Value Chains (GVCs) has become the backbone of the global economy, many countries, including Indonesia and most ASEAN countries, are still in upstream positions with high carbon intensity and low added value. This condition hinders sustainable economic growth and contributes to increased global emissions. This study aims to analyze how the position of the industrial sector in the GVCs can drive sustainable green economic growth. Using data from five ASEAN countries for the 2010–2023 period, this study employed the Generalized Method of Moments (GMMs) dynamic panel model to address the issues of endogeneity and individual heterogeneity. The results show that movements to upstream positions in GVCs, FDI, and political stability have a significant and positive impact on green economic growth. These findings highlight the need for tailored policies to encourage the development of green industries and improve global competitiveness.

The labor force participation rate plays an important role in addressing unemployment in Indonesia. The labor force participation rate in Indonesia continues to fluctuate annually. Increasing education levels and economic growth are needed to boost the labor force participation rate. This study aims to analyze the effect of education level and economic growth on the participation rate of the labor force in Indonesia. Education levels and economic growth play major roles in boosting the labor force participation rate in Indonesia. The data used in this study consist of annual secondary data for the period 2005–2024 from the Central Statistics Agency (Badan Pusat Statistik, BPS). The analysis tool used is multiple linear regression. The results show that education level has a positive and significant effect on the labor force participation rate, while economic growth does not have a significant effect. The findings suggest important policy implications: governments should prioritize educational development programs to enhance workforce participation, while economic growth strategies should be redesigned to create quality employment opportunities that effectively absorb the labor force. This study contributes to the literature by providing comprehensive empirical evidence on the differential impacts of education and economic growth on labor force participation in Indonesia, highlighting the critical role of human capital development in labor market dynamics. Future research should investigate the moderating effects of other socioeconomic factors and explore sector-specific variations in these relationships.

Telecommunication infrastructure has a crucial role in driving the growth of a country's Gross Domestic Product (GDP). Telecommunications infrastructure can improve operational efficiency in various sectors of the economy, such as trade and services, which utilize information and communication technologies. This study aims to analyze the relationship between telecommunication infrastructure and Gross Domestic Product (GDP) in Indonesia. The data used in this study are annual secondary data derived from the World Development Indicators for the period 2000 to 2023. The analysis tool used is multiple linear regression to analyze the relationship between telecommunication infrastructure and Gross Domestic Product in Indonesia. The results of the study show that the simultaneous influence of the internet and telephone telecommunication infrastructure on Gross Domestic Product is positive and significant. The test results also show that internet telecommunication infrastructure has a positive and significant effect on Gross Domestic Product, while telephone telecommunication infrastructure has a negative and significant effect. This research provides important insights for policymakers in formulating telecommunication infrastructure development strategies to increase Gross Domestic Product in Indonesia.

Analisis Pendapatan Asli Daerah (PAD) dan pariwisata di Provinsi DIY sangat penting karena sektor pariwisata dapat meningkatkan PAD melalui indikator-indikator seperti jumlah wisatawan dan jumlah hotel, yang dapat meningkatkan Pendapatan Asli Daerah. Penelitian ini bertujuan untuk menganalisis pengaruh sektor pariwisata terhadap Pendapatan Asli Daerah (PAD) di Daerah Istimewa Yogyakarta pada periode 2019-2023. Pariwisata merupakan serangkaian kegiatan perjalanan yang dilakukan oleh perorangan atau keluarga atau kelompok dari tempat tinggal asalnya ke berbagai tempat lain dengan tujuan melakukan kunjungan wilayah tertentu kegiatan wisata, baik itu rekreasi, liburan bisnis, dan lain-lain dengan durasi paling singkat selama 24 jam serta tidak lebih dari setahun. Data yang digunakan dalam penelitian adalah data sekunder yang diperoleh dari Badan Pusat Statistik (BPS). Teknik analisis data yang digunakan adalah regresi data panel Fixed Effect Model (FEM). Berdasarkan hasil penelitian, diketahui bahwa jumlah wisatawan dan jumlah hotel secara simultan berpengaruh terhadap PAD di Daerah Istimewa Yogyakarta. Secara parsial, jumlah hotel berpengaruh positif dan signifikan terhadap wisatawan, sedangkan jumlah wisatawan tidak berpengaruh signifikan terhadap PAD.