The Sustainable Development Goals (SDGs) represent a fundamental global commitment to addressing a wide range of socio-economic and environmental challenges. A key component of these goals is the commitment to ocean sustainability, encapsulated in the concept of the blue economy. The blue economy, emerging in an era characterized by intricate dynamics and openness to transformation, is influenced by various determinants. This study utilizes panel data analysis and the pooled least squares method to investigate the factors influencing the share of the blue economy in the archipelagic provinces of Indonesia from 2012 to 2021. With its vast maritime territory and numerous islands, Indonesia provides a highly relevant context for examining these dynamics. The empirical results indicate that information and communication technology (ICT), fisheries capture, and aquaculture production positively impact the blue economy’s share. Conversely, trade openness and electricity consumption exhibit a negative relationship with the blue economy’s share. Moreover, the analysis reveals that investment does not have a significant effect on the blue economy’s share. These findings underscore the critical importance of developing robust infrastructure and implementing stringent regulatory oversight on fishery product trade to enhance sustainable growth within the blue economy framework.

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The food security issue has gained more attention recently by the food crisis during the Covid-19 pandemic. In the future, blue economy strategy will be crucial for Indonesia as an archipelagic country that has enormous potential in the marine and fisheries sector. This study aims to investigate the effect of the blue economy on food security in archipelagic provinces in Indonesia for the 2018–2022 period. The panel data regression with Ordinary Least Square (OLS) method is employed. The results show that blue economy has a positive and significant effect on food security. Therefore, the government needs to support the development of the blue economy with appropriate regulations and supervision. The diversification of food sources needs to be strengthened to reduce dependence on imported food. Finally, it is necessary to implement a holistic and integrated food policy involving various stakeholders.Abstrak Isu ketahanan pangan makin penting akhir-akhir ini, terutama pasca pandemi Covid-19. Konsep ekonomi biru dapat menjadi strategi yang penting, khususnya bagi Indonesia sebagai negara kepulauan yang memiliki potensi di bidang kelautan dan perikanan, untuk mendukung ketahanan pangan pada masa depan. Penelitian ini bertujuan untuk mengetahui pengaruh ekonomi biru terhadap ketahanan pangan di provinsi kepulauan di Indonesia pada periode 2018–2022. Metode yang digunakan adalah regresi data panel dengan Ordinary Least Square (OLS). Hasil penelitian menunjukkan bahwa ekonomi biru berpengaruh positif dan signifikan terhadap ketahanan pangan. Pemerintah perlu menyusun regulasi yang mendukung pengembangan dan pengawasan ekonomi biru. Diversifikasi sumber pangan perlu diperkuat untuk mengurangi ketergantungan terhadappangan impor. Selain itu, perlu diterapkan kebijakan pangan yang holistik dan terpadu dengan melibatkan berbagai pemangku kepentingan.

He banking sector is one of the pillars that forms the country's economy that has an important function: it channels funds in the form of credit to the public. This study aims to analyze determinants affecting credit growth in commercial banks by using a purposive sampling technique to select seven commercial banks in Indonesia with a minimum capital of 30 trillion in the 2017-2021 period. This study hypothesizes that bank size has a positive and significant effect on credit growth while non-performing loans, liquidity, third party funds and capital adequacy ratios have a negative and significant effect on credit growth. Using Generalized Method of Moments (GMM), this research finds that bank size and third-party funds have a positive and significant influence on credit growth; non-performing loans have a negative and significant effect on credit growth, loan deposit ratio has a positive and insignificant effect on credit growth, and capital adequacy ratio has a negative and insignificant effect on credit growth. This study found that Third Party Funds have a positive and significant influence on Credit Growth in Commercial Banks in Indonesia. The positive but significant causality between third party funds and credit growth indicates that the hypothesis that was put forward by the researchers is confirmed in a different direction. This study indicates that maintaining banking stability is important, especially to increase the credibility and existence of the bank in society. The theoretical and practical significance is that it provides knowledge of the determinants of credit to commercial banks in Indonesia so that it can be used as a comparison or reference.

Indonesia as emerging market economics provide some policies that leads to pro-growth, pro-poor and pro-job. This study aims to analyze which sectors are able to stimulate economic growth, household income, and labor absorption in South Sumatera Province. We analyze Input-Output Analysis which was estimated using RAS method. The analysis of output multiplier number used in this study to determine which sectors trigger the economic growth. At other hand, the income multiplier number is used in determining which sectors generate the income level, while the employment multiplier number determines he highest labor-absorbing economic sector. In the result, there are five economic sectors which is the main driver of economic growth : (1) Industry of coal and fuel refinery; (2) Industry of metal, computers, electronics, optical and electricity equipment; (3) industry of foods and beverages; (4) Farms and livestocks; (5) Electricity and gas installment, ice production, water supply and recycle of garbage. The five leading economic sectors generating the labor income increasement are : (1) administration of government, national defense and mandatory social security; (2) service of education, health and social activities; (3) rail transportation; (4) service of financial brokerage, insurance, pension fund and financing supports; (5) mining and quarrying of miscellaneous materials. The five leading economic sectors generating the absorption of labor force are : (1) other services; (2) plantation; (3) farmings and livestocks; (4) foods agricultural; and (5) forestry and logging. The direction of economic transformation in South Sumatera Province should tribute attention to the importance of pro-growth, pro-poor, pro-job policy.Keywords: leading economic sectors; pro-growth, pro-poor and pro-job policyJEL Classifications: R10, R11, R15DOI: https://doi.org/10.32479/ijefi.6406

This paper aims to demonstrate the effect of operational risk on profitability in Islamic banks. The total of 14 Islamic banks in Indonesia for the period of 2016-2018 are selected to be the sample of this study. Operational risk is measured using cost to income ratio and cost to total asset ratio, meanwhile profitability is calculated by return on average asset and return on average equity. Bank’s size, which is measured by log of total asset, is used as the control variable in this study. The findings show that the appropriate model in this study is Pooled OLS model and operational risk, which is measured by cost to total asset, is found to be positively related to profitability. This shows that the higher operational cost incurs by Islamic bank, the better the management of their risk.