Jurnal Ekonomi dan Studi Pembangunan
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The Readiness of SMEs in Bulungan to Face ASEAN Economic Community (AEC)
Full text linkASEAN Economic Community (AEC) is formed on the basis of an agreement in order to create a relationship of closer cooperation among ASEAN countries. The agreement covers four strategic, namely: (1) the achievement of a single market and a unified production base, (2) a competitive economic region, (3) equitable economic growth, and (4) integrated with the global economy. This research aimed to identify the readiness of SMEs Facing the ASEAN Economic Community (AEC), which will begin to be realized in December 2015. This research is a qualitative descriptive research. The researcher took a case study on SMEs in Bulungan Regency by selecting informants by using Purposive Sampling. 36 SMEs domiciled in Bulungan Regency were taken as the research subject. The data used in this research was a combination of primary data obtained in the field through interviews and secondary data adapted from various sources as a reference for research writing. Data analysis techniques used was data reduction and validity techniques using triangulation. The result of the research shows that the problem of SMEs in Bulungan Regency is the problem of the production process, capital, marketing, and permit. Further research results indicate that Bulungan Regency Government has been trying to encourage the development of the SMEs, but the implementation of government policy is not maximized. Based on the conditions and problems faced by SMEs in Bulungan Regency, it is not ready to face the AEC.Keywords: Readiness, SMEs, MSEs, ASEAN Economic Community (AEC)JEL Classification: G10, G2
Estimation of Exchange Rate Volatility using APARCH-type Models: A Case Study of Indonesia (2010–2015)
Full text linkVolatiliy measurement and modeling is an important aspect in many areas of finance. The main purpose of this study is to apply seven APARCH-type models with (1,1) lags to investigate the behavior of exchange rate volatility for the EUR, JPY, and USD selling exchange rates to IDR for the duration from January 2010 to December 2015. The competing models include ARCH, GARCH, TARCH, TS-ARCH, GJR-GARCH, NARCH, and APARCH used with Gaussian normal distribution. In order to estimate the model parameters, this study applies the Bayesian inference using the adaptive random walk Metropolis method in the MCMC algorithm. Empirical results based on the deviance information criterion indicate that the GARCH (1,1), APARCH (1,1), and TARCH (1,1) models provide the best fit for the EUR, JPY, and USD data, respectively. In those models, both the JPY and USD data have significant negative leverage effect at the 99% credible level. Moreover, the JPY returns also have significant Taylor effect in return volatility at the 99% credible level.Keywords: APARCH, ARWM, IDR exchange rate, MCMC, volatilityJEL Classification: C30, F3
UNIFIED CORPORATE GOVERNANCE PRACTICE OF TRADE PARTNERS WITH INDIA: TOWARDS INTERNATIONAL CODE OF BEST PRACTICES
Full text linkThis paper investigates the uniformity of corporate governance practices towards international code of best practices. The top 5 trading partner countries with India and export network worldwide have been selected, then from each country, 5 companies are selected which are leading in merchandise export. This study is based on secondary data sourced from published annual reports of the listed companies for the financial year from 2015 to 2017. The study employs descriptive statistics and ANOVA to evaluate the uniformity of corporate governance practices namely; some board characteristics, board committees, listing abroad, international segment or branch, and international governance indicators. It has found that there is statistical significance at the level of 5% that companies follow uniform corporate governance practices relating to board characteristics, board committees, listing abroad, having international segment, and international governance indicators except for executive members, risk management committee, corporate governance and grievance committee, total assets and sales of the company. It is recommended that countries and international bodies should encourage companies toward uniformity of corporate governance.Keywords: Corporate Government Practice, Trade Partners, Best PracticeJEL Classification: M0
Contribution of Forest Production to GDP, and its challenges in Oromia National Regional State, Ethiopia
Full text linkThis study aimed to analyze the contribution of forest production and challenges in forestry accounting. This study was conducted on the regional GDP of Oromia national regional state based on 10 years data. The result shows that market value of forest production and its contribution to GDP of Oromia showed continuous increment. Forest products are used as a source of fuel, production of timber and source of construction materials. On an average, forest production contributed about 6.10% to GDP and became the second least contributor to the GDP of Oromia. Reduction of forest coverage due to deforestation, underestimation of value of forestry products and existence of missing attributes of forestry in the SNA are the main challenges in forestry contribution to GDP of Oromia. Thus, Bureau of finance and economic development of Oromia should re-examine how economic growth can be achieved through contribution of forest production, taking awareness of existing capacity to increase growth and alleviate poverty. Resources should be directed into areas where there is adequate evidence of potential growth. This will be achieved through enhancement of conservation and wise use of forest resources so that it can contribute more to the domestic income directly and indirectly through its contribution to other sectors.Keywords: GDP, Contribution, Oromia, Forest Production, Deforestation, UnderestimationJEL Classification: R11, Q5
THE IMPACT OF REGIONAL AUTONOMY POLICY FOR ECONOMIC GROWTH IN EAST JAVA
Full text linkThis study aims to determine the effect of local revenue, general allocation funds and special allocation funds to local spending and economic growth as well as to find out the possibility of Flypaper Effect on District/City shopping in East Java Province. The population in this study is all districts/cities located in East Java Province. Data analysis was performed by panel data regression using Eviews 8 and Microsoft Excel 2010 program. The results of this study indicate that local revenues, general allocation funds, and special allocation funds have a positive and significant impact on district/city expenditure in East Java. Local revenues, general allocation funds, and special allocation funds have a positive and significant impact on the economic growth of districts/cities in East Java Province. While variable of regional expenditure has negative and significant influence on economic growth of district/city in East Java Province. Local revenues, general allocation funds and special allocation funds indirectly through regional expenditures on district economic growth in East Java Province are negative and regional expenditures are not proven to be intermediate variables. Value of Coefficient of General Allocation Fund and Special Allocation Fund is bigger than the value of the original revenue coefficient so that it can be said that there has been Flypaper Effect on the expenditure of District/City in East Java Province in 2010-2014.Keywords: Economic Growth, Regional Autonomy, Flypaper EffectJEL Classification: R11, R5
ANALYSIS OF FACTORS WHICH AFFECTING THE ECONOMIC GROWTH
Full text linkHigh economic growth and sustainable process are main conditions for sustainability of economic country development. They also become measures of the success of the country's economy. Factors which tested in this study are economic and non-economic factors which impacting economic development. This study has a goal to explain the factors that influence on macroeconomic Indonesia. It used linear regression modeling approach. The analysis result showed that Tax Amnesty, Exchange Rate, Inflation, and interest rate, they jointly can bring effect which amounted to 77.6% on economic growth whereas the remaining 22.4% is the influenced by other variables which not observed in this study.Keywords: tax amnesty, exchange rates, inflation, SBI and economic growthJEL Classification: O23, O4
Indonesian Comparative Advantage Entering the ASEAN Economic Community
Full text linkThe purpose of this study is to examine the comparative advantage of Indonesian commodities in order to enter the ASEAN Economic Community (AEC). This study uses the export data during the period of 2003-2013 among five ASEAN countries participating in the AEC, including Indonesia, Malaysia, The Philippines, Singapore, and Thailand. All data obtained from the UN Comtrade database following the Harmonized System (HS) at the two-digit classification level. This study applies dynamic revealed comparative advantage (DRCA) index developed by Edwards and Schoer (2001) which is the development of revealed comparative advantage (RCA) index by Balassa (1965). The results show that Indonesia is ready to enter the AEC. From this research, there are several Indonesian main commodities which have comparative advantage in ASEAN, including fish, crustaceans, molluscs, aquatic invertebrates ones (HS-03), edible fruit, nuts, peel of citrus fruit, melons (HS-08), oil seed, oleagic fruits, grain, seed, fruit, etc, nes (HS-12), lac, gums, resins, vegetable saps and extracts nes (HS-13), rubber and articles thereof (HS-40), paper & paperboard, articles of pulp, paper and board (HS-48), special woven or tufted fabric, lace, tapestry etc (HS-58), articles apparel, accessories, not knit or crochet (HS-62), and vehicles other than railway, tramway (HS-87). Those commodities are in line with Indonesian government export's strategy direction which mainly focuses on several sectors, including fishery, vegetable products, rubber, wood and wood products, textiles, and transportation. Therefore, Indonesian government should focus to improve those commodities in AEC.Keywords: Indonesian Comparative Advantage, Main Export Commodities, Export Strategy Direction, ASEAN Economic CommunityJEL Classification: F11, F4
The Analysis of Effectivity and Efficiency of Tax Collection from Hotels and Restaurants in Order to Increase The Original Regional Income (PAD) in Mataram
Full text linkThis research aims to discover the effectivity, the efficiency, the performance as well as the contribution of tax collection from hotels and restaurants toward the Original Regional Income in Mataram from 2011 until 2016. The method used is a quantitative method for case study as the data collection. The result shows that the effectivity and efficiency of the tax collection from hotels and restaurants in Mataram are considered in the effective and efficient category. Meanwhile, the contribution of hotels and restaurants tax collection to the regional tax is 0,27% and 0,13% toward the Original Regional Income, thus, the hotel and restaurant taxes give a good contribution to the regional tax and original regional income in Mataram. In addition, the performance of hotels and restaurants tax is in a developing category.Keywords: Effectivity, Efficiency, Performance, Hotel and Restaurant Tax, Original Regional Income (PAD)JEL Classification: G31, H1
