Research Originality: This research prioritizes a more in-depth analysis of OIC member countries with different income categories. The research also focuses on developing a more robust and integrated modeling framework that can capture the dynamic interactions between inflation, economic growth, and food production. Research Objectives: This study investigates the impact of economic growth and inflation on food production in both the short and long term. Research Methods: This study uses panel data from 40 OIC member countries from 1992 to 2021. This study employs Panel Autoregressive Distributed Lag (PARDL) and categorizes OIC member countries based on income classifications: High-Income, upper-middle, lower-middle, and Low-Income countries. Empirical Results: The findings indicate that economic growth and inflation substantially impact food production over the long term. Certain countries exhibit a beneficial impact, whereas others demonstrate a detrimental effect. Implications: This research can provide new insights into the complex relationship between macroeconomic indicators and food availability, and it can be used to inform policymaking recommendations. In addition, the findings can support policymakers in formulating more effective strategies to shift policy towards sustainability. JEL Classification: C31, E23, O13 How to Cite:Luthfi, F., Ardelia, A. S., & Arminingsih, D. (2025). How Macroeconomic Indicators Drive Food Production in OIC Countries: A Panel ARDL Analysis. Signifikan: Jurnal Ilmu Ekonomi, 14(2), 325-338. https://doi.org/10.15408/sjie.v14i2.45673.

Research Originality: The originality of this research lies in integrating zakat as an Islamic financial instrument into the analysis of food security in Indonesia, a topic that has rarely been explored. Furthermore, it links the concept of maqashid sharia with the Sustainable Development Goal 2 (Zero Hunger), thus offering a novel contribution both theoretically and practically to the food security literature. Research Purpose: This study aims to assess the likelihood of food security across Indonesian provinces and investigate the role of zakat solutions. Research Methods: Employing a quantitative methodology, panel data on zakat utilization, agricultural output, and poverty levels from 34 Indonesian provinces (2013-2022) were analyzed using EViews 9. Empirical Results: The findings reveal that agricultural output and zakat utilization have a positive and significant impact on food security, whereas poverty has a negative effect. Implications: More effective policies are necessary to manage zakat utilization, enhance food production, and alleviate poverty, thereby ensuring Indonesia has a more stable and sufficient food supply for all. JEL Classification: Q18, I32, O13, Z12 How to Cite:Salsabila, A. A., Nurasyiah, A., & Firmansyah. (2025). The Impact of Zakat, Agricultural Output, and Poverty on Indonesia’s Food Security. Signifikan: Jurnal Ilmu Ekonomi, 14(2), 549-562. https://doi.org/10.15408/sjie.v14i2.44738.

Research Originality: This study offers a unique exploration of how capital access mediates the impact of financial literacy and fintech peer-to-peer (P2P) lending on the sustainability of micro and small enterprises (MSEs) in traditional markets, utilizing SDG-based indicators. Research Object: This study examines the effects of financial literacy and fintech P2P lending on capital access and sustainability of MSEs in traditional markets. Research Methods: The study employed a quantitative approach, utilizing Structural Equation Modeling analysis, using 232 MSEs in Jakarta. Empirical Results: The findings indicate that financial literacy and fintech P2P lending have a positive impact on both capital access and the sustainability of MSEs. However, capital access did not significantly affect the sustainability of MSE or mediate either factor. Implications: The Financial Services Authority (OJK) must enhance legislation protecting MSEs from fintech risks and promote financial literacy. The OJK must coordinate P2P platforms, cooperatives, and MSE offices. Creating an inclusive fintech ecosystem for traditional market MSEs, with microloans and mentorship, is essential for viable financing. JEL Classification: G21, G53, L26, O16, Q01 How to Cite:Ispriyahadi, H., Zaenudin, Wati, L. N. (2025). Unlocking Sustainability in Informal Micro Enterprises: Capital Access in the Fintech Era. Signifikan: Jurnal Ilmu Ekonomi, 14(2), 467-488. https://doi.org/10.15408/sjie.v14i2.46421.

Research Originality: This paper is original by explicitly analyzing employment as a mediating variable in the relationship between minimum wage and per capita income, given the inconclusive findings of previous research on these variables. Research Objectives: This study investigates the relationship between minimum wage and per capita income and examines the mediating role of employment with two control variables: government expenditure and education. Research Methods: This study utilized secondary data from BPS covering 35 districts and municipalities in Central Java Province over the period 2018–2023. The study applies panel-data regression, complemented by mediation analysis using path analysis and the Sobel test. Empirical Results: The minimum wage does not directly affect per capita income; instead, its impact is fully mediated by employment. The finding suggests that the minimum wage alone does not raise per capita income; rather, it exerts its influence indirectly by improving employment, which in turn drives income growth. As control variables, government expenditure and education exert positive and significant effects on per capita income. Implications: A minimum wage policy must be accompanied by job-creation strategies. A minimum wage increase without policies that maintain or increase jobs will not effectively boost per capita income. JEL Classification: E24, H52, J31, O15 How to Cite:Pratista, R., Istiqomah., & Pravitasari, C. F. (2025). Employment as the Missing Link: Full Mediation of Minimum Wage Effect on per Capita Income in Central Java. Signifikan: Jurnal Ilmu Ekonomi, 14(2), 437-448. https://doi.org/10.15408/sjie.v14i2.46419.

Research Originality: The novelty lies in exploring an under-researched topic, with limited studies on the impact of coffee exports from 1993 to 2024, considering key events such as the Asian financial crisis and the COVID-19 pandemic. Research Objectives: This study examines the short-term and long-term effects of exchange rates and coffee exports on economic growth. Research Methods: This study utilizes data from 1993 to 2024 on exchange rates, coffee exports, recessions, and economic growth in Indonesia. The analysis is conducted using the ARDL model. Empirical Results: Exchange rate depreciation has a negative impact on GDP in the short term, while past depreciation has a positive effect on economic growth. The value of coffee exports has a marginal positive effect on GDP, while the volume of coffee exports shows inconsistent impacts. Recession does not significantly affect GDP, likely due to policy responses. Long-term estimates show a stable relationship among the variables, with adjustments occurring at a rate of 35.43% per period. Implications: The government should thoroughly evaluate existing policies with a focus on promoting economic growth, while enhancing the quality of Indonesian coffee exports to remain competitive globally. JEL Classification: C32, E01, F10, O11 How to Cite:Hikmatias, N.A., Zahra, Z.N., Octariyadi, N.U., & Sahara. (2025). Do Coffee Exports Have an Impact on Economic Growth in Indonesia?. Signifikan: Jurnal Ilmu Ekonomi, 14(2), 489-504. https://doi.org/10.15408/sjie.v14i2.46425.

Research Originality: This study presents a new analysis of the determinants of human development to implement the government’s vision of building Indonesia from the village and grassroots.Research Objectives: This study aims to determine the effects of rural development and fiscal policy on human development in Indonesia.Research Methods: This study uses data from 434 municipalities for the 2017-2023 period. The study employs panel data analysis with the Common Effect Model, Fixed Effect Model, Random Effect Model, and Generalized Estimating Equation.Empirical Results: The findings suggest that rural development, economic development, and expenditures on goods & services contribute to human development. In contrast, the COVID-19 pandemic and capital expenditures affect human development negatively. The negative effects of capital expenditures become positive after they become assets.Implications: The finding implies the important role of rural development in fostering human development. Short-run objectives might be achieved by goods & services expenditures. Capital expenditures should be directed toward long-run objectives. The central government may accelerate human development by transferring assets to the local government.JEL Classification: E62, H75, I38, O15

Research Originality. Despite extensive research on Sharī‘ah financial literacy and fintech trust, their combined impact on illegal loan awareness remains unexplored. This study bridges that gap by analyzing their interaction in financial decision-making amid rising predatory lending, offering a novel perspective on their protective role against unethical financial practicesResearch Objectives. This study aims to examine the effect of Sharī‘ah financial literacy on awareness of illegal online loans, with blockchain technology understanding and Sharī‘ah fintech trust as mediating variables.Research Methods. An associative quantitative approach was employed, utilizing a survey of 519 Indonesian millennial Muslims, selected through simple random sampling. Data analysis was conducted using structural equation modeling (SEM) to explore the relationships among variables.Empirical Results. The findings indicate that Sharī‘ah financial literacy significantly influences blockchain understanding, fintech trust, and awareness of illegal online loans. Blockchain understanding enhances fintech trust but does not directly impact loan awareness, whereas trust in Sharī‘ah fintech positively affects awareness of illegal online lending risks.Implications. This study underscores the importance of improving Sharī‘ah financial literacy and blockchain understanding to strengthen consumer trust in Sharī‘ah fintech and raise awareness of illegal online lending risks. However, further research with broader samples is recommended to validate these findings.JEL Classification: G41, G28, O33, Z12, D83

Research Originality: This study contributes to the literature by examining how household food consumption mitigates the poverty impact of earthquakes, an area that remains underexplored in post-disaster economic studies.Research Objectives: The study aims to analyze the role of per capita household food consumption in poverty reduction after the Lombok earthquake and to highlight its importance for economic recovery.Research Methods: This study uses panel data from 10 districts/cities in West Nusa Tenggara (2011-2019) to employ the First-Difference Generalised Method of Moments (FDGMM) to address potential endogeneity and estimate the causal relationship between food consumption and poverty.Empirical Results: The results show that per capita food consumption significantly reduces poverty under normal conditions and after a disaster. Meanwhile, economic growth positively impacts poverty, suggesting that the observed growth is not inclusive. The study also finds that the direct effect of the earthquake on food consumption is statistically insignificant, suggesting that other factors, such as relief programs, may have played a role in stabilizing consumption.Implications: These findings underscore the importance of policies that enhance food security and equitable distribution, particularly in post-disaster contexts. Strengthening social protection programs and ensuring inclusive economic growth is essential for long-term poverty reduction in disaster-prone areas.JEL Classification: C33, I32, Q54

Research Originality: This study examines the short-term and long-term relationships between macroeconomic variables and income inequality, adopting a broader approach than previous research, which has primarily focused on partial and simultaneous influences on income inequality.Research Objectives: This study aims to analyze the dynamic variables that affect income inequality in Indonesia.Research Methods: This study uses panel data from 34 provinces in Indonesia from 2015 to 2023 and employs the Generalized Method of Moments Arellano Bond (GMM-AB) approach. This method was selected to address endogeneity and heteroscedasticity issues commonly encountered in panel data analysis.Empirical Results: The findings reveal that the Indonesian Democracy Index and the Gender Inequality Index significantly impact income inequality. Meanwhile, the ICT Development Index and the Human Development Index also exhibit significant influences. These results reinforce the argument that enhancing access to education and promoting gender equality are essential strategies for reducing income inequality.Implications: The study provides valuable insights for policymakers, emphasizing the need to strengthen democratic institutions and empower women through improved access to education and economic opportunities as key measures to mitigate income inequality.JEL Classification: D63, J16, O15, O32, P16

Research Originality: Although much research has examined Muslim-friendly tourism, this research conducts a more comprehensive study of the intentions of the young Muslim generation to choose Muslim-friendly tourist destinations.Research Objectives: The research objective is to analyze what factors influence the young Muslim generation's intention to choose Muslim-friendly tourist destinations in Indonesia.Research Methods: The data analysis technique used a Structural Equation Model (SEM) with SmartPLS 3.0 software. Data was obtained by distributing questionnaires to 200 respondents.Empirial Result: The results showed that the variables of subjective norms, behavioral control, and religiosity had a significant effect on the intentions of the young generation in choosing Muslim-friendly tourist destinations in Indonesia, while the attitude variable had no significant effect.Implications: The results of this research imply that the government must create regulations that attract the young generation of Muslims to visit Muslim-friendly tourist destinations in Indonesia.JEL Classification: M30, M31