About the Journal

Focus and Scope

Jurnal Inovasi Ekonomi (JIKO)* is an international, peer-reviewed open access journal for innovation in economics, finance, and business. It publishes regular research papers and short notes for communications. JIKO emphasizes contributions to the academic and practical world so that JIKO is expected to have a broad impact from policymakers to economic actors ranging from companies, industries to MSMEs. 

JIKO uses the word "Inovasi" which is the same as Innovation as an answer to the increasingly dynamic and disruptive changes in the economy, finance, and business. We are also delighted with the multidisciplinary approach. Therefore, we appreciate the novelty and conclusion based on the mature discussion.

Our editors highlight the development of new methods, inverse proof, and even proposals regarding new paradigms in the disciplines of economics and business. We do this because we believe that "innovation" also has limits and must be renewed with innovations; this cycle will continue to be repeated, repeated, and so on. Therefore, JIKO welcoming with debates, contradictions, and an unusual result manuscript. Also, we deeply emphasize that what we do can be justified academically (rational and clearly).

Scopes (but not limited):
economic theory
developing process
sustainable growth
national and international income distribution
natural resources
productivity developments
macroeconomic policies
sectors of the economy: primary, secondary, and tertiary; or agricultural sector, industrial sector, and service sector
Financial Risk Management
Asset Pricing
Statistical Modeling
Insurance Finance
Insurance Markets
Insurance Institutions
Insurance Regulation
Actuarial Sciences
Business model developing cases
Non-traditional methodologies such as simulation, agent-based modeling, network analysis, and system dynamics
Public administration
Mathematics in finances

*) JIKO starts Vol. 05 No. 01 2020 only receives communication or letter articles, with an article-length, not more than 2500 words, and treat every single manuscript with the double-blind review process. 

Publication Frequency

The manuscript submitted to this journal will be a double-blind review process. The accepted research articles will be available online, following the journal reviewing process. The language used in this journal is Indonesia and will be full in English start Vol. 5 No. 01 2020. Jurnal Inovasi Ekonomi (JIKO) periodically published twice a year in March and September with the number of articles each number 5 articles.

Open Access Policy

This journal provides immediate open access to its content on the principle that making research freely available to the public supports a greater global exchange of knowledge.

All articles published Open Access will be immediately and permanently free for everyone to read and download. We are continuously working with our author communities to select the best choice of license:

 Creative Commons Attribution-ShareAlike (CC BY-SA)

Plagiarism Policy

Jurnal Inovasi Ekonomi (JIKO) recognizes that plagiarism is not acceptable and therefore establishes the following policy stating specific actions (penalties) when plagiarism is identified.

JIKO use Turnitin as a tool to detect plagiarism with exclude matches not more than 2% and 10% maximum of similarity index.

Plagiarism involves the "use or close imitation of the language and thoughts of another author and the representation of them as one's original work."

Publication Fee

This journal charges the following author fees.

Article Submission: 0.00 (IDR)
Authors are not required to pay an Article Submission Fee as part of the submission process to contribute to review costs.

Article Publication: 0.00 (IDR)

If your manuscript is accepted for publication, you are not required to pay an Article Publication.

For those who need article editing services, translations and other things related to the manuscript, please don't hesitate to contact us via email: inovasiekonomiumm@gmail.com or Whatsapp on +6285230152549 


Publication Ethics and Malpractice Statement

Jurnal Inovasi Ekonomi (JIKO) is a peer-reviewed journal. This statement clarifies the ethical behavior of all parties involved in the act of publishing an article in this journal, including the author, the chief editor, the Editorial Board, the peer-reviewers, and the publisher (Universitas Muhammadiyah Malang). This statement is based on COPE’s Best Practice Guidelines for Journal Editors.

Ethical Guideline for Journal Publication

The publication of an article in a peer-reviewed JIKO journal is an essential building block in developing a coherent and respected network of knowledge. It is a direct reflection of the quality of the authors' work and the institutions that support them. Peer-reviewed articles support and embody the scientific method. It is, therefore, important to agree upon standards of expected ethical behavior for all parties involved in the act of publishing: the author, the journal editor, the peer reviewer, the publisher, and the society.

Universitas Muhammadiyah Malang, the publisher of Jurnal Inovasi Ekonomi, takes its duties of guardianship over all publishing stages extremely seriously, and we recognize our ethical and other responsibilities. We are committed to ensuring that advertising, reprint, or other commercial revenue has no impact or influence on editorial decisions. Universitas Muhammadiyah Malang and Editorial Board will also assist in communications with other journals and/or publishers where this is useful and necessary.

Fair play

An editor at any time evaluates manuscripts for their intellectual content without regard to race, gender, sexual orientation, religious belief, ethnic origin, citizenship, or political philosophy of the authors.


The editor and any editorial staff must not disclose any information about a submitted manuscript to anyone other than the corresponding author, reviewers, potential reviewers, other editorial advisers, and the publisher, as appropriate.

Disclosure and conflicts of interest

Unpublished materials disclosed in a submitted manuscript must not be used in an editor's own research without the author's express written consent.

Duties of Reviewers

Contribution to Editorial Decisions

Peer review assists the editor in making editorial decisions and through the editorial communications with the author may also assist the author in improving the paper.


Any selected referee who feels unqualified to review the research reported in a manuscript or knows that its prompt review will be impossible should notify the editor and excuse himself from the review process.


Any manuscripts received for review must be treated as confidential documents. They must not be shown to or discussed with others except as authorized by the editor.

Standards of Objectivity

Reviews should be conducted objectively. Personal criticism of the author is inappropriate. Referees should express their views clearly with supporting arguments.

Acknowledgment of Sources

Reviewers should identify relevant published work that has not been cited by the authors. The relevant citation should accompany any statement that an observation, derivation, or argument had been previously reported. A reviewer should also call the editor's attention to any substantial similarity or overlap between the manuscript under consideration and any other published paper they have personal knowledge of.

Disclosure and Conflict of Interest

Privileged information or ideas obtained through peer review must be kept confidential and not used for personal advantage. Reviewers should not consider manuscripts in which they have conflicts of interest resulting from competitive, collaborative, or other relationships or connections with any authors, companies, or institutions connected to the papers.

Duties of Authors

Reporting standards

Authors of reports of original research should present an accurate account of the work performed and an objective discussion of its significance. Underlying data should be represented accurately in the paper. A paper should contain sufficient detail and references to permit others to replicate the work. Fraudulent or knowingly inaccurate statements constitute unethical behavior and are unacceptable.

Data Access and Retention

Authors are asked to provide the raw data in connection with a paper for editorial review and should be prepared to provide public access to such data (consistent with the ALPSP-STM Statement on Data and Databases), if practicable, and should, in any event, be prepared to retain such data for a reasonable time after publication.

Originality and Plagiarism

The authors should ensure that they have written entirely original works, and if the authors have used the work and/or words of others, this has been appropriately cited or quoted.

Multiple, Redundant, or Concurrent Publication

n general, an author should not publish manuscripts describing essentially the same research in more than one journal or primary publication. Submitting the same manuscript to more than one journal concurrently constitutes unethical publishing behavior and is unacceptable.

Acknowledgment of Sources

Proper acknowledgment of the work of others must always be given. Authors should cite publications that have been influential in determining the nature of the reported work.

Authorship of the Paper

Authorship should be limited to those who have made a significant contribution to the conception, design, execution, or interpretation of the reported study. All those who have made significant contributions should be listed as co-authors. Where others have participated in certain substantive aspects of the research project, they should be acknowledged or listed as contributors. The corresponding author should ensure that all appropriate co-authors and no inappropriate co-authors are included in the paper. All co-authors have seen and approved the paper's final version and have agreed to its submission for publication.

Hazards and Human or Animal Subjects

If the work involves chemicals, procedures, or equipment with any unusual hazards inherent in their use, the author must clearly identify these in the manuscript.

Disclosure and Conflicts of Interest

All authors should disclose any financial or another substantive conflict of interest in their manuscript that might be construed to influence the results or interpretation of their manuscript. All sources of financial support for the project should be disclosed.

Fundamental errors in published works

When an author discovers a significant error or inaccuracy in his/her own published work, it is the author’s obligation to promptly notify the journal editor or publisher and cooperate with the editor to retract or correct the paper.


Sri Budi Cantika Yuli


Editor in Chief


Currently, Jurnal Inovasi Ekonomi (JIKO) is indexed at:

Google Scholar



Publication Policy

1. All manuscripts submitted to JIKO must follow Focus and Scope and Author Guidelines. The submitted manuscripts must fulfill novelty or contribution appropriate to the focus and scope.

2. All manuscripts submitted to this journal must be written in proper English. Authors for whom English is not their native language are encouraged to have their paper checked before submission for grammar and clarity.

3. All submitted manuscripts must be free from plagiarism content. All authors are suggested to use plagiarism detection software to do the similarity checking (please use Turnitin or iThenticate to check the similarity). Editors will also check the similarity of manuscripts in this journal by using Turnitin software.

4. The submitted manuscripts to this journal will follow the double-blind review process at least one or more expert reviewers (commonly two reviewers) from the Editorial Board and/or Peer-Reviewers Team. The reviewers give valuable scientific comments improving the contents of the manuscript. Sometimes (if required), a third peer-reviewer is needed to provide critical feedback to the submitted manuscript. 

5. The final decision of manuscript acceptance is solely made by the Editor in Chief/section Editor (together with Editorial Board if required) according to reviewers' critical comments. The final decision of the manuscript is solely based on the Editor's final review, which considering peer-reviewers comments (but not exclusively by the Reviewer).

6. Publication of accepted articles, including assigning the article to the published issues, will be made by Editor in Chief by considering the sequence of accepted date and geographical distribution of authors as well as a thematic issue.

Journal History

Jurnal Inovasi Ekoomi start Vol. 05 No. 01 2020 only receives communication or letter articles, with an article-length, not more than 2500 words, and treat every single manuscript with the double-blind review process.