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Exchange Rate Responses And Volatility Spillover Effects During The Covid-19 Pandemic In Indonesia, Panky Tri Febiyansah Dec 2023

Exchange Rate Responses And Volatility Spillover Effects During The Covid-19 Pandemic In Indonesia, Panky Tri Febiyansah

Economics and Finance in Indonesia

This paper aims to assess the impact of the confirmed COVID-19 cases, the timing of the outbreak, and physical measures on the returns and spillover effects of exchange rate in Indonesia. The model will be tested by the exponential generalized autoregressive conditional heteroskedastic (EGARCH) process and the spillover volatility index. The study discovers that the confirmed cases, outbreak news, and the implementation of large-scale social restrictions simultaneously contribute to a leverage effect on the volatility of a direct quote of Indonesian Rupiah to Australian Dollar, Euro, US Dollar, Singapore Dollar, and Great British Pound. To a certain extent, the heatwave …


Social Capital And Conflict In The Post-Suharto Regime In Indonesia, Andar Ristabet Hesda, Rus'an Nasrudin Jun 2023

Social Capital And Conflict In The Post-Suharto Regime In Indonesia, Andar Ristabet Hesda, Rus'an Nasrudin

Economics and Finance in Indonesia

This study explores the relationship between social capital and conflict in the post Suharto regime in Indonesia. We employed a combination of cross-section datasets from the Social and Cultural Module of the 2009 National Socio- Economic Survey (SUSENAS) and the media-based conflict data from National Violence Monitoring System (NVMS) of 2010–2014 in Indonesia. Using Binomial Negative Regression, our empirical analysis shows that the past social capital stocks negatively correlate with future conflict intensity. This pattern applies to most conflict types. This result indicates that the social capital stock in 2009 is more likely to be the starting point determining the …


Household Demand For Food Prepared At Home And Food Away From Home In Indonesia, Ratih Damayanti, Chaikal Nuryakin, Pyan Amin Muchtar Jun 2023

Household Demand For Food Prepared At Home And Food Away From Home In Indonesia, Ratih Damayanti, Chaikal Nuryakin, Pyan Amin Muchtar

Economics and Finance in Indonesia

This study aims to analyze the demand for food among Indonesian households, consisting of foods prepared at home (FPAH) and food away from home (FAFH). Utilizing longitudinal data from the National Socioeconomic Survey 2011-2013, combined with the Village Potential Statistics, the study estimates the demand with the Linear Approximated Almost Ideal Demand System (LA/AIDS). The results show that both FPAH and FAFH are normal goods, but FAFH is more elastic than FPAH. Additionally, in terms of income elasticity, we found that households show stronger responses in consumption on FAFH, compared to FPAH. We also present heterogeneity analysis on different types …


A Mathematical Approach To The Money Multiplier Analysis On Indonesian 1997–1998 Monetary Crisis, Albertus Prabu Siagian Jun 2023

A Mathematical Approach To The Money Multiplier Analysis On Indonesian 1997–1998 Monetary Crisis, Albertus Prabu Siagian

Economics and Finance in Indonesia

In crisis moments, massive liquidity supports, extensive cash withdrawal, and large reserve hoarding can all lead to the change in monetary base, currency ratio, and reserve ratio respectively. In turn, all these disruptions could cause money supply to change. This research aims to find out which factor (among the change in monetary base, currency ratio, and reserve ratio) became the main causal factor of increasing money supply in Indonesia during 1997–1998 crisis. The method follows mathematical equation models used by Friedman & Schwartz (1963) and Stauffer (2006) in analyzing Great Depression in the US. This research has found that the …


From Rastra To Bpnt: An Empirical Quantitative Evaluation Of Food Assistance Reform In Indonesia, Wahyuni Andriana Sofa Jun 2023

From Rastra To Bpnt: An Empirical Quantitative Evaluation Of Food Assistance Reform In Indonesia, Wahyuni Andriana Sofa

Economics and Finance in Indonesia

Since 2017, Indonesia has shifted from its Rastra program to BPNT, an e-voucher food-based initiative, due to issues with targeting and effectiveness in social assistance. This paper examines the impact of this transition on poverty alleviation and food security, using SUSENAS 2018 and propensity score matching. Findings indicate BPNT is less effective than Rastra in reducing households’ poverty risk and has led to decreased food access and nutrition. Impact variations are noted, which are found to be worse in households with less-educated heads, located in Java Island, and rural areas.


Energy And Economic Growth Nexus: A Long-Run Relationship In Indonesia, Kelvan Darrian, Patricia Scholastica, Yohanes B. Kadarusman, Dandy Rafitrandi Jun 2023

Energy And Economic Growth Nexus: A Long-Run Relationship In Indonesia, Kelvan Darrian, Patricia Scholastica, Yohanes B. Kadarusman, Dandy Rafitrandi

Economics and Finance in Indonesia

Energy plays an important role in economic growth in which it affects total factor productivity (TFP). Energy conservation efforts to address global climate change may adversely affect economic growth, particularly in the long run. This study analyses the short- and long-run relationship between energy consumption (both non-renewable (NREC) and renewable (REC)) and economic growth in Indonesia within the period of 1985 to 2019. Using the vector-error correction model (VECM), the paper discovered a short-run unidirectional causality from NREC and REC to economic growth. Economic growth in Indonesia is dependent on energy consumption. The finding proves the growth hypothesis in the …


Sociodemographic Effects On Financial Inclusion: Implications From Online Transaction In Developing-8 Countries, Dyah Titis Kusuma Wardani, Navi'ah Khusniati, Susilo Nur Aji Cokro Darsono Jun 2023

Sociodemographic Effects On Financial Inclusion: Implications From Online Transaction In Developing-8 Countries, Dyah Titis Kusuma Wardani, Navi'ah Khusniati, Susilo Nur Aji Cokro Darsono

Economics and Finance in Indonesia

The world has reached the industry 4.0, where technological developments have been widely applied to electronic payment, with no exception on Muslim countries. This study aims to investigate association between sociodemographic and financial inclusion in country D-8 in the probability of using online financial transactions. Using The Global Findex 2017 from D-8 Organization for Economic Cooperation included in OIC countries and the logistic regression, this study explores the effect of sociodemographic namely gender, education, income status and working status on online financial transactions users. Using control variables such as Gross Domestic Product (GDP), Inflation and Exchange reta, results show that, …