Analysis of Factors Influencing Regional Financial Independence in Regencies/Cities in Yogyakarta

Indriati, Faustina Raissa; Nihayah, Annis Nurfitriana

doi:10.15294/efficient.v9i1.40670

Journal

Analysis of Factors Influencing Regional Financial Independence in Regencies/Cities in Yogyakarta

Efficient: Indonesian Journal of Development Economics · Vol. 9 No. 1 (2026) · pp. 93–105

DOI: 10.15294/efficient.v9i1.40670
ISSN: 2655-318X, 2655-6197
Published: 2026-06-26
Publisher: Universitas Negeri Semarang
Language: eng

Abstract

This study aims to determine the factors influencing regional financial independence in regencies/cities in the Special Region of Yogyakarta Province. This study uses panel data regression analysis which is a combination of cross-sectoral data from 5 regencies/cities in the Special Region of Yogyakarta Province and time series data from 2014-2024. The results of this study indicate that special funds, regional revenues, and special allocation funds have a significant positive influence on regional financial independence. Meanwhile, general allocation funds have a negative but insignificant influence on regional financial independence in regencies/cities in the Special Region of Yogyakarta Province. Regional financial independence can be improved by optimizing regional revenues and utilizing specific and asymmetric fiscal transfers so as not to rely on transfer funds that tend not to encourage regional financial independence.

Keywords

Collaboration network of the authors

15 authors · 38 co-authorship links

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State University of Semarang
Affiliation unknown

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Co-author	Organisation	Joint articles
Grace Natalia Marpaung	Affiliation unknown	2
Ayuntavia Ayuntavia	Affiliation unknown	2
Dwi Rahmayani	Affiliation unknown	1
Medi Elfiani	Affiliation unknown	1
Tutik	Affiliation unknown	1
Nurjannah Rahayu Kistanti	Affiliation unknown	1
Phany Ineke Putri	Affiliation unknown	1
Sucihatiningsih Dian Wisika Prajanti	State University of Semarang	1
Atika Estining Sholeha	Affiliation unknown	1
Fajar Rahmat Sidik	Affiliation unknown	1
Asrori Asrori	Affiliation unknown	1
Kuat Waluyo Jati	Affiliation unknown	1
Rima Murtiningsih	Affiliation unknown	1

Affiliations come from OpenAlex; journal OAI-PMH metadata carries none. Authors without an OpenAlex ID are matched by name, which can merge or split people.

Metadata source: OAI-PMH (metadata jurnal) https://journal.unnes.ac.id/journals/efficient/oai, first harvested 5 Nov 2026, last seen 5 Nov 2026.

Original metadata (oai_dc)

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	<dc:title xml:lang="en">Analysis of Factors Influencing Regional Financial Independence in Regencies/Cities in Yogyakarta</dc:title>
	<dc:creator xml:lang="en">Indriati, Faustina Raissa</dc:creator>
	<dc:creator xml:lang="en">Nihayah, Annis Nurfitriana </dc:creator>
	<dc:subject xml:lang="en">Regional Financial Independence</dc:subject>
	<dc:subject xml:lang="en">Special Funds</dc:subject>
	<dc:subject xml:lang="en">Regional Original Income</dc:subject>
	<dc:subject xml:lang="en">General Allocation Funds</dc:subject>
	<dc:subject xml:lang="en">Special Allocation Funds</dc:subject>
	<dc:description xml:lang="en">This study aims to determine the factors influencing regional financial independence in regencies/cities in the Special Region of Yogyakarta Province. This study uses panel data regression analysis which is a combination of cross-sectoral data from 5 regencies/cities in the Special Region of Yogyakarta Province and time series data from 2014-2024. The results of this study indicate that special funds, regional revenues, and special allocation funds have a significant positive influence on regional financial independence. Meanwhile, general allocation funds have a negative but insignificant influence on regional financial independence in regencies/cities in the Special Region of Yogyakarta Province. Regional financial independence can be improved by optimizing regional revenues and utilizing specific and asymmetric fiscal transfers so as not to rely on transfer funds that tend not to encourage regional financial independence.</dc:description>
	<dc:publisher xml:lang="en">Universitas Negeri Semarang</dc:publisher>
	<dc:date>2026-06-26</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:type xml:lang="en">Peer-reviewed Article</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://journal.unnes.ac.id/journals/efficient/article/view/40670</dc:identifier>
	<dc:identifier>10.15294/efficient.v9i1.40670</dc:identifier>
	<dc:source xml:lang="en">Efficient: Indonesian Journal of Development Economics; Vol. 9 No. 1 (2026); 93-105</dc:source>
	<dc:source>2655-318X</dc:source>
	<dc:source>2655-6197</dc:source>
	<dc:source>10.15294/efficient.v9i1</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://journal.unnes.ac.id/journals/efficient/article/view/40670/10305</dc:relation>
	<dc:rights xml:lang="en">Copyright (c) 2026 Efficient: Indonesian Journal of Development Economics</dc:rights>
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