JURNAL EKONOMI DAN KEBIJAKAN PEMBANGUNAN
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ANALYSIS OF EXCHANGE RATE PASS-THROUGH, FEAR OF FLOATING, AND IMPLEMENTATION OF INFLATION TARGETING FRAMEWORK
Full text linkThis paper analyze the exchange rate pass-through and fear of floating behavior on 18 countries that adopting Inflation Targeting Framework (ITF). Vector Error Correction Model (VECM) is used: (1) to estimate the effect of exchange rate depreciation to inflation (passthrough); and (2) to examine the indication of fear of floating behavior. The result shows that passthrough effect has decreased in most countries after ITF where middle income countries have higher passthrough than high income countries. This effect did not disappear completely and still has a significant role to drive inflation. The interventions on exchange rate movement can be interpreted more as control of inflation than fear of floating. The implementation of ITF especially in middle income countries needs further to be reconsidered since it requires inflation as the only nominal anchor
DAMPAK TRANSFER FISKAL DAN BELANJA MODAL PEMERINTAH DAERAH TERHADAP PEREKONOMIAN SEKTORAL, KETIMPANGAN DAN KEMISKINAN DI INDONESIA
Full text linkNational economic development goal is to improve the welfare of society and to create equitable distribution of income (Todaro and Smith, 2006). In other words, the success of economic development is indicated by the reduction of poverty and income inequality. Poverty is fundamental problem in the economic development of Indonesia and other developing countries in general. The main objectives of this study are to evaluate impacts of Infrastructural budgetary allocation on GDRP sectoral, inequality, and poverty in Indonesian provinces both in the areas where the contribution of the agricultural sector to GDRP is either high or low, in the era of fiscal decentralization. The dynamic simultaneous equation models were used in this study. It used pooled data of 2009-2013 and cross section data of 19 provinces where classified into two groups, based on the contribution of agriculture sector to the respective regional economy. The methode for parameter estimation used in this study was 2SLS. The result of the study showed that the budgetary allocation for infrastructure and agriculture increase the employment and the GRDP sectoral, decrease income inequality, and then reduce poverty both in the areas where the contribution of the agricultural sector to GRDP is either high or low. This study recomended that the central government should improve the injection of funds directly to the regions through a special allocation fund for infrastructure and agriculture as an effective impact on reducing poverty. Keywords: Economic growth, Inequalty, Infrastructure, Poverty, Specific allocation fun
PENGEMBANGAN SEKTOR EKONOMI DAN PENGENTASAN KEMISKINAN DI KALIMANTAN BARAT
Full text linkKalimantan Barat is a province which has the highest poverty rates among other provinces in Kalimantan. Sector’s output growth of the economy affects the redistribution of income and poverty reduction. Increased economic sector output reduce poverty through the distribution of income . Sector development policy needed to boost the economy and poverty alleviation. This study aimed to analyze the relationship between sector’s output growth of the economy and poverty reduction using Input-Output Miyazawa and decomposition of FGT (Foster-Greer-Thorbecke) poverty index. Agricultural sector has an important role in output growth, employment, and household income distribution.The decomposition method showes that direct effect of growth in manufacture alleviates poverty among poor households, and total effect of growth in agricultural sectors(food crops and estate crops) alleviates poverty among poor households in Kalimantan Barat. The main policy implication is agricultural industrialization and human capital of the poor needs to be enhanced by education and training if they are not to be sealed off the industrialization process.Keywords: I-O Miyazawa, Poverty, Multiplier Analysi
ANALISIS FAKTOR-FAKTOR YANG MEMENGARUHI KORUPSI DI KAWASAN ASIA PASIFIK
Full text linkThe phenomenon of corruption is a big problem faced by countries with rapid economic development. The problem is not only faced by developing countries, but also in some developed countries. The factors that cause corruption classified into three broad categories--economic, political and socio-cultural. The high level of corruption in a country can also cause high cost economy that could hamper economic growth through the obstacles that occur in the investment. The purpose of this study is to analyze the factors that affect the level of corruption and to analyze the impact of corruption on economic growth in the Asia Pacific region. The results show that public budget, political stability, and urban population affect the level of corruption. Low institutional quality, indicated by the failure of the government (corruption), has a bad influence on economic growth performance
FAKTOR-FAKTOR YANG MEMPENGARUHI VOLUME EKSPOR UDANG PUTIH (PENAEUS INDICUS) INDONESIA KE HONGKONG SERTA IMPLIKASI KEBIJAKANNYA
Full text linkThis study aimed to analyze the factors that affect the volume of Indonesian exports of white shrimp (Penaeus indicus) to Hongkong and to formulate policies that can increase the volume of exports. Ordinary Least Square method (OLS) is used to analyze the factors that affect the volume of Indonesian white shrimp exports to Hongkong by time series data (time series) period of the last 24 years (1990 until 2013). All independent variables that have significant influence on the volume of Indonesian exports of white shrimp, which are: Hongkong population, Hongkong GDP per capita constant 2005, the nominal selling price of white shrimp Indonesia to Hongkong, the nominal selling price of white shrimp competitor to Hongkong, the nominal exchange rate of the Indonesian to Hongkong and Indonesian economic crisis in 1998 (dummy). Key words: Hongkong, Ordinary Least Square (OLS), the export volume, the white shrimp (Penaeus indicus
DAMPAK KETERBUKAAN PERDAGANGAN DAN KINERJA MANUFAKTUR DI INDONESIA
Full text linkThis study aims to analyze the impact of trade openness on the performance of manufacturing in Indonesia. In the study, performance and manufacturing growth indicated by the index of competitiveness and manufacturing added value. In aggregate, over the last few years, trade performance of Indonesia’s manufacturing sector has decreased due to the low index of competitiveness and comparative advantage. The empirical results using an Autoregressive Distributed Lag (ARDL) model with Error Correction Approach (ECM) shows that trade openness consistently negative effect on manufacturing value added, implicitly increase one percent change in trade openness would be deficit of changes in manufacturing value added of 4.26 billion rupiah, ceteris paribus. Furthermore, the amount of labor consistently positive effect on manufacturing value added, while fixed capital variable and value-added of previous lag (a year earlier) take effect by unstable in the long term as well as short then the crisis has also negatively affect the manufacturing value added
ANALISIS DAYA SAING SEKTOR INDUSTRI PRIORITAS INDONESIA DALAM MENGHADAPI PASAR ASEAN
Full text linkThis study aimed to analyze the factors that influence competitiveness of Indonesia’s priority industrial sector in facing the ASEAN market by using Revealed Comparative Advantage (RCA) and panel data analysis. The study period was in 2001-2013 and variables are used, among others, the export price of products in the industry priorities, labor productivity, fixed capital and riil exchange rate. Based on the calculation of the level of competitiveness by using RCA, showed that the Indonesia\u27s priority industrial sectors have strong competitive (RCA>1) in the ASEAN market, except for the chemical industry and machinery and equipment industry. That is, Indonesia has a comparative advantage in most of the priority industrial sectors, so that it can be used to support the government\u27s strategy to expand the national industrial market to the ASEAN region. While the results of the panel data analysis showed that the export price is the most influential factor for the competitiveness of priority industrial sectors in Indonesia. In this case, the export price is a reflection of the production cost. The high of production cost indicates that the purchase price of inputs by exporting companies is also high, so that the export price was high. Because the essence of competitiveness is relatively low cost, the high export prices showed a decreasing competitiveness. Other factors that affect are the real exchange rate and labor productivity. Rupiah depreciation can encourage the growth of exports, which in turn can improve competitiveness. Meanwhile, the development of human resources that make industrial policy was originally based on cheap labor and natural resources can be developed into a productivity-based industries are supported by qualified human resources as well as science and high technology. On the other hand, the addition of variable fixed capital does not affect the competitiveness of priority industrial sectors. This is because the impact of the increased competitiveness of the addition of fixed capital in a given year is not directly felt in the year, but will be felt in the next few years. Thus, the strategy can be formulated to improve the competitiveness of the priority industrial sectors, including developing the upstream industry and among industry based on natural resources and the control of exports of raw materials, develop human resources industry players in the Indonesia’s priority industrial sectors with training and innovation activities, developing downstream industries as well as the increase in value-added products in the priority industrial sectors through product diversification and improve the pattern of cooperation with the manufacturers of other countries in the ASEAN region through the export promotion. Keywords: ASEAN Integration, Manufacturing Industry, Competitiveness, Panel Data Analysi
KNOWLEDGE-BASED ECONOMY (KBE), KONVERGENSI, DAN PERTUMBUHAN EKONOMI : STUDI KASUS DI ASEAN PLUS THREE (PERIODE TAHUN 2001-2014)
Full text linkEconomic growth and convergence are the major issues in the global economic. Economic integration is a form of cooperation between countries in order to achieve welfare and prosperity. In 1997, ASEAN Plus Three has been established as an economic integration in the field of innovation and ICT. The aims of this study are to analyze the conditional convergence (β) and covergence (σ) and to consider the role of Knowledge-Based Economy on economic growth. This study uses annual data from 2001 to 2014 with a GMM approach. The case study of this research are the members of ASEAN Plus Three. The resultsof conditional convergence (β) estimation showed that the best dynamic panel criteria is not bias, valid dan consistent. The coefficient of conditional convergence (β) with KBE indicators that is 0.9917 has convergence rate of 0.8%. On the convergence (σ), the result showed that in the period 2001 to 2014, there has been a convergence in real GDP per capita that can be seen from the coefficient variation values that tend to be declined
ANALISIS INTEGRASI BURSA SAHAM ASEAN 5
Full text linkThis study aimed to analyze the integration of the stock markets of ASEAN 5 (Indonesia, Malaysia, Singapore, Thailand, and the Philippines) associated with the event of dropped world oil prices in 2014. This study using Vector Error Correction Model (VECM) to analyze market integration 5 stocks with variable stock market. In this study uses a dummy variable of oil price with the value of 0 for the period 2009 to 2013 where world oil prices are still stable and the value of 1 for the period 2014 to 2015 where a decline in world oil prices. Results from this study shows that there is a relationship between the stock market cointegration ASEAN 5 during the study period that’s mean that there is integration among ASEAN 5 stock markets. Indonesia\u27s stock market is influenced by Thailand and Singapore in the long term. Dummy variables significantly influence the JCI during the short term
ANALISIS INKLUSI KEUANGAN DAN PEMERATAAN PENDAPATAN DI INDONESIA
Full text linkRecent study showed that increasing access and usage of banking services reduce income inequality. Nowdays banking access in Indonesia is increasing but income equality gap is widening. Therefore, by using secondary data from 33 provinces 2007- 2011, this paper aims to measure the level of access and usage for financial services across provinces in Indonesia by Index of Financial Inclusion, analyze the factors that affect financial inclusion by panel tobit regression, and describe the relationship between financial inclusion and income distribution in Indonesia. The results show that the level of financial inclusion in Indonesia is classified as low. The size of the economy and income inequality positively affect the level of financial inclusion. Opposite the research hypothesis, widening income inequality lead to higher financial inclusion in Indonesia. Moreover, the number of mobile phone and the internet user affect positively the level of financial inclusion in Indonesia. Income inequality and financial inclusion has a one-way relationship, income inequality affects financial inclusion in Indonesia but does not vice versa. Keywords : Financial Inclusion, income inequalit