(FEB NEWS) In order to strengthen research synergy and collaboration, both with the Government, Academics/Universities, Industry/Business Actors, Media, and Communities/Associations and to continue to provide the best contribution in building the East Java and national economy, the Representative Office of Bank Indonesia East Java Province together with the Faculty of Economics and Business Universitas Airlangga (FEB UNAIR) and ISEI Surabaya Branch East Java Coordinator held the 10th Conference & Winner Announcement of the East Java Economic (EJAVEC) 2023 activity with the theme "Encouraging Inclusive and Sustainable East Java Economic Resilience Amidst Increasing Global Uncertainty" on July 26, 2023.
The conference, which was the highlight of the 2023 EJAVEC Forum, was also attended by the Chair of the Surabaya Branch of ISEI, East Java Coordinator; the Head of the Financial Services Authority; the Head of the Directorate General of Treasury of East Java Province; the Deputy Dean I of FEB UNAIR; and the Rector of Perbanas, Hayam Wuruk. The Senior Deputy Governor of Bank Indonesia and the Deputy Governor of East Java also delivered strategic directions.
In his opening remarks, Doddy Zulverdi, Head of the Bank Indonesia Representative Office for East Java Province, stated that the 2023 EJAVEC aims to increase public and stakeholder understanding of the East Java economy, build a scientific ecosystem that supports research-based policies, and explore creative solutions to address various challenges in East Java.
The day before, the EJAVEC Call for Paper 2023 was held at FEB UNAIR, as one of the series of activities of the EJAVEC Forum 2023, which has collected 120 full papers from within the country, as well as from abroad, such as from Arabia, Japan and Malaysia.
This achievement, according to the Deputy Dean I of FEB Universitas Airlangga , Wisnu Wibowo said that EJAVEC is no longer a regional forum, but has leveled up to an international scale.
"58 percent of participants came from outside East Java. This shows that what's happening in East Java is attracting the attention of economic and business actors outside the province. It's no surprise that East Java is the second-largest economic contributor after Jakarta," said Dr. Wisnu Wibowo.
The EJAVEC Call for Paper 2023 will serve as a forum for researchers, including students, to express their ideas.
Soni Harsono, Chairman of the Surabaya Branch of the Indonesian Association of Economics Graduates (ISEI), East Java Coordinator, added that several papers provided truly applicable recommendations for solving problems. "With quality papers, their application to economic development in East Java will be even better," he explained.
As part of the Conference, Bank Indonesia announced the winners from 120 participants, who had been narrowed down to 19 finalists. The selection process involved a panel of nine competent judges.
Present as the keynote speaker was Senior Deputy Governor of Bank Indonesia, Ms. Destry Damayanti, who conveyed the need to remain vigilant and continue to encourage regional resilience, in the face of the increasing global economic uncertainty.
In his keynote speech, Deputy Governor of East Java, Emil Elestianto Dardak, stated that East Java's economic indicators are still improving amidst ongoing global and domestic pressures. According to Dardak, resilience still needs to be promoted, including through strengthening inter-industry continuity, enhancing the role of MSMEs for greater inclusivity, and strengthening the trade sector through leveraging the digital economy.
Present as a Speaker at the EJAVEC Conference, which discussed economic developments, outlook, and challenges, as well as economic crisis management to support resilience:
Reza Siregar, Ph.D – Special Staff to the Coordinating Minister for Economic Affairs of the Republic of Indonesia emphasized the economic conditions that are always overshadowed by rapid changes or known as Volatility, Uncertainty, Complexity, and Ambiguity (VUCA) conditions that require a comprehensive strategy. Reza Siregar, Ph.D also conveyed several challenges that need attention to encourage regional resilience, namely health, financial stability, and food security.
Meanwhile, Prof. Iwan Jaya Azis, a professor at Cornell University USA and a research scholar at the BI Institute, also stated that we are not only facing VUCA but also an omnicrisis situation, which makes development even more challenging. He highlighted the importance of developing productivity as a structural driver of the economy in the long term.
As part of the Conference Event, Bank Indonesia announced the Winners of EJAVEC CP 2023 which are divided into three categories, namely (i) General Paper Category for General Participants, (ii) General Paper Category for Student Participants and (iii) Regional Economic Modeling Paper Category.
The best papers will be accessible on the EJAVEC Journal website at https://ejavec.id/index.php/ejave. The EJAVEC Forum has been ISSN-accredited for its print version since 2017, and in 2022, it obtained ISSN accreditation for its online version.
Here is the list of winners of EJAVEC CP 2023
General Paper Category General Participants:
1st Place (Environmental Efficiency of Rice Farming in East Java) by Rizky Zulkarnain; 2nd Place (Development of Green Economy Index (GEI) with Remote Sensing for Sustainable Development in East Java), by Eko Putra Wahyuddin and Wahidya Nurkarim; 3rd Place, (Strategy for Transition of MSMEs to Green Business Practices: Sequential Explanatory Design Mix Method Analysis Approach) by Rizaldi Yusfiarto, Ahmad Febriyanto, and Rifaatul Indana.
General Paper Category Student Participants:
1st Place (Sustainability Analysis, Development, and Design of Smart Agricultural Supply Chain Model in Agricultural Start-ups in East Java to Realize Modern Sustainable Supply Chain Management), an Thabed Tholib Baladraf; 2nd Place (From Cash to Central Bank Digital Currency: Can Gen Z Adopt It), an Annes Nisrina Khoirunnisa, Moh. Shadam Taqiyyuddin Azka, and Nanik Shofiatin; 3rd Place (Implementation of Carbon Tax in East Java: Local Government's Potential Revenue for the Improvement of the Society's Welfare), an Giacinta Betralda Anin Pradita, Hans Mangatur Pakpahan, and Raihan Mufid Rufiano.
Regional Economic Modeling Paper Category:
1st Place (Integrating Estimation of Inflation Threshold and Nowcasting Regional Economic Growth Using Classical, Machine Learning, and Ensemble Method) by Taly Purwa, Ni made Inna Dariwardani, and Diyang Gita Cendekia; 2nd Place (Looking at Social Assistance: Is It Effective in Strengthening the Economy in East Java) by Ayesha Tantriana and Suryo Adi Rakhmawan; 3rd Place (Spatial Decision Support System Model for Economic Resilience in East Java Province) by Firman Afrianto and Annisa Dira Hariyanto.