Rico Ricardo, MEc is an experienced academic in the field of environmental economics, currently serving as a lecturer and researcher at the Faculty of Economics and Business, Universitas Pertamina. Possesses comprehensive expertise in the economic valuation of environmental and natural resources, with a particular focus on sustainability, green economy, and environmental policy. Actively engaged in scholarly research, with a strong publication record in environmental and natural resource economics. Demonstrates advanced proficiency in quantitative analysis using E-Views, SEM-Lisrel, and STATA, supporting rigorous empirical investigation and evidence-based policy recommendations. Additionally, has some experience in spatial analysis and environmental modeling using Geographic Information Systems (GIS), Google Earth Engine (GEE), and system dynamics, enhancing the capacity to incorporate spatial and temporal dimensions into economic-environmental assessments.
Pendidikan
S1 : Ilmu Ekonomi, Institut Pertanian Bogor
S2 : Economics, International Islamic University Malaysia, Malaysia
Pengajaran
Matematika Ekonomi
Matematika Ekonomi Lanjutan
Statistika Ekonomi dan Bisnis
Pengantar Ilmu Ekonomi
Ekonomi Hijau
Ekonomi SDA dan Lingkungan
Pengantar Mikroekonomi
Mikroekonomi 1
Profil Peneliti
Peminatan Peneliti
Environmental Economics
Blue Carbon Economy
Sustainability
Islamic Economics
Publikasi Penelitian
Research & Studies
• 2025: Motivating the Transition to Sustainable Farming in Central and East Jawa. Universitas Pertamina & Illinois Institute of Technology research collaboration, funded by Fulbright.
• 2024: Profile of the Presence of Antibiotic-Resistant Bacteria in the Ciliwung River: Preliminary Research Towards Effective Control Methods, funded by Universitas Pertamina.
• 2023: Study of the Implementation of Natural Gas Price Policies on Upstream Oil and Gas Business Activities and the Multiplier Effect Created on the Downstream Side (Kajian Implementasi Kebijakan Harga Gas Bumi Tertentu terhadap Kegiatan Usaha Hulu Migas dan Multiplier Effect yang diciptakan pada Sisi Hilir) funded by SKK Migas.
• 2023: Carbon Measurement and Reporting and Calculation of Blora & Bontang Project Emission Reduction Potential (Pengukuran dan Pelaporan Karbon serta Perhitungan Potensi Penurunan Emisi Blora & Bontang Project), funded by Pertamina Foundation.
• 2022: Feasibility Study of Ex-Blora Regency Golf Course Development (Studi Kelayakan Pengembangan Kawasan Wisata Eks Lapangan Golf Kabupaten Blora), funded by Pemda Kabupaten Blora.
• 2021: Improving Petrol Subsidy Programme in Indonesia. UPER-MMU research collaboration, funded by Multimedia University, Malaysia & Universitas Pertamina, Indonesia.
• 2020: Farming in Housing Scale as A Stress Management in the Covid-19 Pandemic (Bercocok Tanam Skala Rumahan Sebagai Upaya Manajemen Stres Saat Pandemi Covid-19), funded by Universitas Pertamina.
Publications
• Larre, A. A., Ricardo, R., Puspitawati, E., & Pambudi, A. 2024. Economic valuation on the development plan of the flower garden area using contingent valuation method. Jurnal Pengelolaan Sumberdaya Alam dan Lingkungan, 14(2), pp: 201-209. https://doi.org/10.29244/jpsl.14.2.201.
• Siregar, N. A., Ricardo, R., & Nurdianto, N. R. 2024. Pengaruh pertumbuhan ekonomi, upah minimum, sex ratio dan indeks pembangunan gender terhadap partisipasi angkatan kerja perempuan di Sulawesi Selatan. Jurnal Ekonomi, Lingkungan, Energi, dan Bisnis, 2(2) pp:43-57. https://elegis.universitaspertamina.ac.id/index.php/ELEGIS/article/view/24.
• Wahyuni, S., Ricardo, R., Puspitawati, E., Feriansyah, & Larre, A. A. 2024. Analisis faktor-faktor yang memengaruhi kesediaan membayar masyarakat terhadap keberadaan hutan mangrove di Kota Bontang. Jurnal Ekonomi, Lingkungan, Energi, dan Bisnis, 2(1) pp:69-86. https://elegis.universitaspertamina.ac.id/index.php/ELEGIS/article/view/13.
• Puspitawati, E., Mulyasari, F., Ulhasanah, N., Ricardo, R., Sofiyah, E. S., Qonitan, F. D., Nugraha, H. D., Kumala, A. 2024. Determining factors for the utilization of mangrove forest in Bontang, East Kalimantan. Proceedings of the 2nd International Conference on Nature-Based Solution in Climate Change, RESILIENCE 2023. https://eudl.eu/doi/10.4108/eai.24-11-2023.2346535.
• Rahmawati, D., Ricardo, R., Feriansyah, Pudyantoro, A. R. 2024. The effect of taxation regime and human development index on upstream oil and gas investment. Proceedings of the 2nd International Conference on Contemporary Risk Studies, ICONIC-RS 2023. https://eudl.eu/doi/10.4108/eai.21-9-2023.2347044.
• Ricardo, R., & Muchlisah, A., & Feriansyah. 2023. Pengaruh keuangan daerah terhadap tingkat kemiskinan di Aceh. Jurnal Informatika Ekonomi Bisnis, 5(4), pp: 1338-1343. https://doi.org/10.37034/infeb.v5i4.687.
• Lazuardi, B., Ricardo, R., Pambudi. A., Feriansyah, & Empa, D. T. 2023. Pengaruh keketatan kebijakan lingkungan dan investasi asing langsung terhadap efisiensi energi di kelompok negara BRIICS. Jurnal Ekonomi, Lingkungan, Energi, dan Bisnis, 1(1) pp:49-62. https://elegis.universitaspertamina.ac.id/index.php/ELEGIS/article/view/3.
• Septiavin, Q., Feriansyah, Ricardo, R., Kautsar, A., Puspitawati, E., & Salsabila, S. 2023. Analysing the effect of corporate environmental performance on corporate financial performance: Does a nonlinear relationship occur?. Journal of Central Banking Law and Institutions, 2(3), pp: 435-460. https://doi.org/10.21098/jcli.v2i3.174.
• Nurdianto, N. R., Kultsum, G., Puspitawati, E., Pambudi, A., Ricardo, R., and Feriansyah, F. 2023. The determinants of household willingness to use biodiesel. Jurnal Ekonomi dan Kebijakan Pembangunan, 12(1), pp: 69-83. https://doi.org/10.29244/jekp.12.1.2023.69-83.
• Kusumaningrum, A., and R. Ricardo. 2022. Effect of socio-economic status on the prevalence of diabetes mellitus in Indonesia. International Journal of Public Health Science, 11(1), pp: 281-286. http://doi.org/10.11591/ijphs.v11i1.21080.
• Ricardo, R., A. Pambudi, and Z. Insania. 2019. The linkage analysis of interest-free and interest-bearing monetary aggregates to business cycle and inflation in Indonesia. Asia Pacific Journal of Advanced Business and Social Studies, 5(1), pp: 130-140. https://apiar.org.au/journal-paper/the-linkage-analysis-of-interest-freeand-interest-bearing-monetary-aggregates-to-business-cycle-and-inflation-in-indonesia/.
• Ricardo, R., N. Salwani, and N. Riddhaina. 2015. Micro, small and medium enterprises (MSMEs): The case of Indonesia [book chapter]. Small and Medium Enterprises in Muslim Countries.
• Ayuniyyah, Q., R. Ricardo, Nursechafia, and YY. Farikha. 2012. Dynamic analysis of islamic and conventional monetary instrument towards real sector growth in indonesia. Al-Infaq, 3(1), pp: 33-49. https://www.jurnalfai-uikabogor.org/index.php/alinfaq/article/view/348.
Pengabdian Masyarakat
Pemetaan Sosial Kampung Cipare, Desa Tenjo Tahun 2018
Persiapan Masa Punakarya Karyawan PT Pertamina Persero Tahun 2018
Pengembangan GreenApps Tahun 2019
Pengalaman
Professional Experience
• 2016 – Present : Lecturer and Researcher at Universitas Pertamina
• 2015 – 2016 : Lecturer at Institute Tazkia and Universitas Al-Azhar Indonesia
• 2014 – 2015 : Lecturer at Universitas Trilogi.
• 2012 – 2013 : Graduate Assistant at International Islamic University Malaysia.
• 2008 – 2010 : Senior Staff at National Operation Division, BCA Finance