Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
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Import demand potential for Indonesian rubber products in ASEAN countries
Get PDFIncreasing imports of rubber products from Indonesia is the key to the success of the downstream policy of rubber products to gain added value and job opportunities in the country. The rubber product market in ASEAN is more dynamic, and Indonesia must focus on strengthening competitiveness and exploiting potential markets. This paper aims to describe the potential demand for imports of Indonesian rubber products in ASEAN countries, especially Malaysia, Singapore, Thailand, the Philippines, and Vietnam. The flow of imports of rubber products uses the stochastic frontier panel data model to determine the potential demand for imports of Indonesian rubber products. Indonesian rubber products compete fiercely with similar industries in importing and exporting countries from East Asia. Indonesia mostly exports rubber products with HS codes 4015 and 4016 in the form of gloves, mittens, and mitts, rubber cellular, floor coverings and mats, erasers, gaskets and rings, boats, and fender docks to all markets in ASEAN countries. They were followed by rubber products with HS code 4010 in the form of conveyor belts or transmission belts from vulcanized rubber. The potential for import demand for other types of Indonesian rubber products (code HS4014, 4009, 4008) in ASEAN countries is relatively small and is growing slowly. Overall, the potential demand for imports of Indonesian rubber products tends to decline in ASEAN countries, as well as the actual imports of rubber products from Indonesia compared to their potential, which also declines slowly
The effect of the performance of the audit committee, internal audit, and manager religion on the implementation of good corporate governance and their implications on fraud
Get PDFThe main objective of this research is to analyze the performance of the audit committee, internal audit, and religiosity of the manager on the implementation of good corporate governance (GCG) and its implication for fraud. The study was conducted at State-owned enterprises (SOEs) Â in Indonesia. The population of this research is all SOEs in Indonesia, and the number of samples is 89 SOEs (based on the Slovin formula). The sampling method used a simple random sampling technique. The research data was obtained by submitting a list of questions to the selected respondents. Respondents consist of the chairman of the audit committee or members of the audit committee, the head of internal audit or members of internal audit, the corporate secretary, and the finance director (financial manager). The data were analyzed using the SEM-PLS model. The research proves that the performance of audit committees and internal audits affects the implementation of GCG, while the religiosity of managers does not affect the implementation of GCG. The research also proves that the performance of the audit committee and the implementation of GCG affect fraud, while internal audit and religiosity of managers do not affect frau
Local government financial performance: the effects of capital expenditure and intergovernmental revenue (The case of South Sumatra Province, Indonesia)
Get PDFThe main purpose of this study is to examine the effects of capital expenditure and intergovernmental revenue on local government financial performance in South Sumatra Province, Indonesia. The result is expected to extend the knowledge about local government financial performance and different relevance of financial performance factors. Data on seventeen districts/cities in South Sumatra Province during 2014-2018 were used to test the research model. The data is sourced from the financial reports of the district/city government of South Sumatra province and the Central Statistics Agency. The analytical results showed that capital expenditure is statistically positive and has a significant effect on the financial performance of local governments. Meanwhile, the intergovernmental revenue is negative and significantly affects local government financial performance. Future studies should consider various variables that may influence the financial performance of local governments. Future studies could also use different methodologies such as focus groups and interviews
Indonesian molasses export supply in world trade
Get PDFThis study examines the factors affecting Indonesian molasses exports in international trade using time series data from 2003 to 2019. The analysis tool used is the Error Correction Model (ECM). The analysis results show that in the long run, the variables of molasses production, exchange rates, and inflation have a significant effect on Indonesia's molasses export supply. In contrast, Indonesia's GDP, molasses export prices, and world CPO prices have no significant effect. In the short run, the variables of molasses production, world molasses prices, exchange rates, and inflation have a significant effect. The variables of Indonesia's GDP, molasses export prices, and world CPO prices have no significant effect on Indonesia's molasses export supply in world trade
It takes two to Tango: The joint effect of democracy and fiscal capacity on economic growth in Indonesia
Get PDFThe literature continues to debate the effects of democracy and fiscal capacity on economic growth, both partially and jointly. To remedy the literature puzzle, this study examines the economic growth effects of democracy and fiscal capacity in 34 Indonesian provinces from 2016 to 2021. Using a fixed-effect model, this study documents no evidence of a partial effect; rather, it finds a joint effect of democracy and fiscal capacity on Indonesian economic growth. These findings remain relatively robust even when provincial heterogeneity, COVID-19 pandemic shocks, and sectoral composition are factored into the model. This finding indicates that regions with democracy and strong fiscal capacity possess relatively fast per capita GRDP growth. Based on these findings, the study concludes that democracy and fiscal capacity should exist side by side. Indonesia's sub-national economic growth strategy, like a tango game, requires reforming two types of decentralization: political decentralization to improve the quality of democracy that upholds the merit system and fiscal decentralization to expand local tax capacity to finance public goods productively
Policy analysis of micro Waqf banks in Indonesia
Get PDFThis article aims to understand the Indonesian Government's efforts in making policies to handle the development of micro Waqf banks in Indonesia. The handling strategy can be assessed by understanding the policies formulated and implemented by the Indonesian Government. This study used a deliberative policy analysis approach, and data were collected through a literature study. The results of this study conclude 1) management for groups that can avoid misuse of loan funds and disbursement of funds not on target; 2) training and mentoring can build management commitment and customer enthusiasm to build a more advanced business; 3) with the financing method without collateral, the Islamic financial system does not collect deposits, low yields, and fast and easy administrative processes such as Islamic banking. Combining these three factors optimizes the performance of the micro Waqf bank in economic empowerment and community productivity. It helps increase the income and welfare of the community around the pesantren (Islamic boarding school)
A study on tax compliance in tax amnesty policy
Get PDFThe Indonesian Government implemented the tax amnesty policy in 2016 with several objectives, among others, to achieve tax revenue targets in the short-term, while in the long term it is to improve tax compliance, especially for the wealthier Indonesian citizens, while also accelerating tax reforms to increase tax participation’s rate. This paper examines the effects of factors (wealth, tariff period system, tax fines, audit probability, and taxpayers’ expectation of future tax amnesty) on tax compliance. Tax compliance is measured by the percentage of assets unit, the percentage of assets value reported by taxpayers, and the taxpayer participation rate in tax amnesty policy. This behavioral economics study uses an experimental approach because it is impossible to use conventional methods. The result showed that the taxpayers with higher wealth have lower compliance and prefer to participate in tax amnesty programs at the lowest tariff rate. The government's effort to impose fines and audits shows a greater effect on tax compliance. The tax amnesty policy should only be implemented once because if people expect a similar policy to be applied in the future, they will wait for the policy so that tax compliance is low. A tax amnesty policy—while it can increase tax revenues in the short term—could reduce tax compliance, especially if the government imposes a second tax amnesty in the future
Performance analysis of local brand organic cosmetics marketing as an effort to develop the Jambi regional economy
Get PDFThis study aims to explain regional economic growth from the perspective of the mediating role of the brand image between brand trust and marketing performance of local organic-based cosmetic products as a sustainable new business model for strengthening Jambi regional economic growth. A regional economic growth model based on marketing performance with brand image and mediated by brand trust in startup businesses. The test evidence shows that: (1). directly brand trust has a positive and significant effect on brand image and marketing performance (2) the direct effect of brand trust on brand image is greater than the effect on marketing performance. (3) The indirect effect shows that brand trust in marketing performance through brand image is significantly positive. (4) brand image partially mediates between brand trust and marketing performance for new local product businesses as a strengthening of sustainable regional economic growth
Determinants of economic growth regencies/cities in Jambi Province with dynamic panel data approach
Get PDFThis study aims to analyze the determinants of economic growth Regency/City in Jambi Province. The factors considered to be the determinants of economic growth are lagged economic growth, government expenditure, household consumption, labor, and infrastructure. This study used time series data from 2011-2020 and cross-section 11 regencies/cities in Jambi province. The analysis tool used in this study is dynamic panel data regression. The results of the dynamic panel data regression show the generalized system method of the moment model as the best model. Based on the analysis results, lagged economic growth had a significant positive effect. In the short term, labor had a significant negative effect, and infrastructure had a significant positive effect. In contrast, government expenditure and household consumption did not significantly affect economic growth. In the long run, infrastructure has a significant positive effect, while government expenditure, labor, and home consumption have no significant effect on economic growth
The impact of macroeconomic indicators on carbon emission in Indonesia
Get PDFThe advancement of the industrial sector in economic activities can negatively impact the environment. Inefficient use of natural resources causes environmental damage in almost all countries. Environmental damage caused by economic activities becomes a crucial issue. Hence, the main purpose of this research is to estimate the impacts of macroeconomic indicators on increasing CO2 emissions in Indonesia with time-series data from 1970 to 2016. The macroeconomic indicators used in this research were broad money, foreign direct investment, value-added manufacturing, and international trade. The analysis method was ARDL-ECM (Autoregressive Distributed Lag-Error Correction Model) for long-term and short-term analysis. The main findings in the long term value-added manufacturing and international trade have positive effects on the formation of CO2 emissions. In contrast, foreign direct investments have significant but negative effects at the 10% significance level of CO2 emissions. In the short term, only value-added manufacturing and international trade variables have significantly influenced the formation of CO2 emissions in Indonesia. In contrast, foreign direct investments have been proven to be insignificant. Broad money in both the long and short term is insignificant to CO2 emissions. Based on these findings and changing climatic conditions, it is necessary to have economic development policies that reduce emissions to preserve the environment and human civilization in the long term