https://journal.nurscienceinstitute.id/index.php/jerps <p><strong>Journal of Economics Research and Policy Studies [<a href="https://issn.brin.go.id/terbit/detail/20210512432090744" target="_blank" rel="noopener">2797-8141</a>]</strong><strong> </strong>is a scientific journal that contains the results of theoretical research and studies on economics issues. The focus of this journal article is Economics, Economic Entrepreneurship, and start-up, development economics, monetary and fiscal policies, Islamic finance, international and regional economics, institutional economics, and tourism economics, agriculture economics, labor economics, behavioral economics, environmental economics, SMEs financing, feasibility studies, community empowerment, coastal economics, Islamic economics, Cognitive economics, Law and Economics, Social and Economic Statistics, Econophysics, Economics of Entrepreneurship, and Political Economics.<br />All manuscripts submitted to the journal recommended being written in good <strong>English</strong> or <strong>Bahasa Indonesia</strong>. Authors for whom English is not their native language are encouraged to have their papers checked before submission for grammar and clarity. <strong>Journal of Economics Research and Policy Studies </strong>is a journal published twice a year by the Nur Science Institute. </p> Nur Science Institute en-US Journal of Economics Research and Policy Studies 2797-8141 <p>Copyright @2021. This is an open-access article distributed under the terms of the Creative Commons Attribution-ShareAlike 4.0 International License ( <a href="https://creativecommons.org/licenses/by-sa/4.0/" target="_blank" rel="noopener">https://creativecommons.org/licenses/by-sa/4.0/</a>)</p> <p><a title="cc by-sa" href="https://creativecommons.org/licenses/by-sa/4.0/" target="_blank" rel="noopener"><img src="https://journal.nurscienceinstitute.id/public/site/images/admin/ccbysa.png" alt="" width="88" height="31" /></a></p> <p><strong>Journal of Economics and Policy Studies </strong>is licensed under a <a href="http://creativecommons.org/licenses/by-sa/4.0/">Creative Commons Attribution-ShareAlike 4.0 International License</a>.</p> https://journal.nurscienceinstitute.id/index.php/jerps/article/view/1693 <p>The oil and gas trade deficit can negatively impact Indonesia’s economy in the long term, highlighting the need to identify key factors influencing oil and gas imports. This study analyzes the effects of inflation, exchange rates, and foreign exchange reserves on oil and gas imports using the Error Correction Model (ECM), which captures both short-term and long-term dynamics. Monthly data from January 2003 to December 2023 were used, with a natural logarithm transformation applied to address non-stationarity. The results show that, in the long term, inflation and foreign exchange reserves significantly and positively affect oil and gas imports, while the exchange rate has a significant negative effect. In the short term, these variables show no significant impact except for the error correction term (ECT), which is negative and significant—indicating a gradual adjustment toward long-term equilibrium. The findings support policy efforts focused on maintaining price stability, exchange rate management, and adequate foreign exchange reserves to ensure a more sustainable oil and gas trade balance.</p> Sri Rahayu Hasibuan Mayza Hanif Abbad Mahardika Adnan Dahiya Addaruqutni Fitri Kartiasih Copyright (c) 2025 Sri Rahayu Hasibuan, Mayza Hanif Abbad Mahardika, Adnan Dahiya Addaruqutni, Fitri Kartiasih https://creativecommons.org/licenses/by-sa/4.0 2025-06-16 2025-06-16 5 2 303 321 10.53088/jerps.v5i2.1693 https://journal.nurscienceinstitute.id/index.php/jerps/article/view/1835 <p>Micro, Small, and Medium Enterprises (MSMEs) play a crucial role in the economic development and growth of communities. This study aims to analyze the primary challenges faced by business operators in Klaten Regency across the aspects of production, marketing, and financing. The research employs a quantitative descriptive method, utilizing primary data collected from 30 business operators through questionnaires, interviews, focus group discussions, and observations. The majority of business operators are women, with an average age of 43 years, and they operate primarily in the culinary sector. The research findings indicate that the main challenges faced include limited marketing opportunities, restricted access to capital, and difficulties in obtaining adequate raw materials and production facilities. The implementation of digital marketing strategies remains minimal, hindering market expansion, and access to business financing is also limited. To address these issues, it is recommended to provide digital marketing training, ease access to microfinance, provide shared production facilities, and ensure the availability of raw materials. These efforts are expected to enhance the competitiveness and sustainability of SMEs in the face of the digital economy’s development and promote local economic growth.</p> Basuki Basuki Arie Rachma Putri Agil Bayu Winoto Amanda Oktavia Copyright (c) 2025 Basuki Basuki, Arie Rachma Putri, Agil Bayu Winoto, Amanda Oktavia https://creativecommons.org/licenses/by-sa/4.0 2025-06-30 2025-06-30 5 2 323 337 10.53088/jerps.v5i2.1835