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- Keyword
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- Board diversity; tokenism problem; industry effect (1)
- Corruption; Foreign Direct Investment (FDI); ASEAN-5; Static Panel data (1)
- Corruption; economic growth; threshold model; ASEAN (1)
- Economic inequality; internal migration flows; regional development (1)
- Financial development; income inequality; Fixed Effect Panel Model (1)
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- Free Trade Agreement; utilization; business sector; firm-analysis (1)
- GFC; financing; deposit; macroeconomic indicators (1)
- Hedging; derivative instruments; foreign currency risk; interest rate risk; commodity price risk (1)
- Microfinance; microcredit access; Indonesia; logit model (1)
- Poverty; infrastructure; spatial panel data analysis; SAR (1)
- SEZs; tourism; regulation; infrastructure; incentive development (1)
- School Operational Assistance; government program; investment in education (1)
- Structural change; human capital; productivity; commodity boom (1)
- Sustainable development goals; economic development; syirkah financing; profitability (1)
Articles 1 - 15 of 15
Full-Text Articles in Macroeconomics
The Contribution Of Islamic Banks Towards The Achievement Of Sustainable Development Goals: The Case Of Indonesia, Nunung Ghoniyah
The Contribution Of Islamic Banks Towards The Achievement Of Sustainable Development Goals: The Case Of Indonesia, Nunung Ghoniyah
Economics and Finance in Indonesia
This study aims to strengthen the opinion that the main goal of Islamic banks is not to obtain profit, but rather to improve the standards of living. In this study, the evidence is obtained by processing secondary data on Islamic banks in Indonesia during the period of 2011 to 2017 by using panel data regression model. The results of the data analysis support the hypothesis that banks whose goals are aimed at falah will demand lower payment obligations from customers, allowing the customers to manage funds in the real sector. The implication is also strengthened by good financial quality control, …
Book Review: Indonesia's Digital-Based Economic Transformation: The Emergence Of New Technological, Business, Economic, And Policy Trends In Indonesia, Anika Widiana
Economics and Finance in Indonesia
No abstract provided.
The Effect Of School Operational Assistance Program On Investment In Education By Households: Evidence From Indonesia, Nia Pramita Sari
The Effect Of School Operational Assistance Program On Investment In Education By Households: Evidence From Indonesia, Nia Pramita Sari
Economics and Finance in Indonesia
The School Operational Assistance Program, referred to as BOS, is a demand intervention program indirectly provided by the government of Indonesia to students through schools, started in July 2005. This paper examines the impact of BOS on educational investment by households and other expenditure such as food and non-food consumption. Using the observations of 1,161 households with at least one member studying in public school from the fourth wave of the Indonesian Family Life Survey (IFLS 4), we discover that BOS is effective in relaxing household's budget constraint, thus increasing educational investment by households. We also discover that households with …
Corruption And Economic Growth In Asean Member Countries, Anisah Alfada
Corruption And Economic Growth In Asean Member Countries, Anisah Alfada
Economics and Finance in Indonesia
This study examines the effect of corruption on economic growth and determines the corruption threshold in nine ASEAN member countries in 1999-2016. This study assesses whether the effect of corruption is growth-enhancing or growth-deteriorating in different corruption threhsolds using a sample-splitting and threshold model. In contrast to the existing literature, this study does not group countries based on income level and therefore can reveal the corruption level of a country relative to a corruption threshold. The estimation results show that the adverse effect of corruption on economic growth is stronger for countries with corruption levels above the second threshold of …
Utilization Of Free Trade Agreement In Indonesia: Firm-Level Data Analysis Of The Yogyakarta Special Region, Nadira Asrifa Nasution
Utilization Of Free Trade Agreement In Indonesia: Firm-Level Data Analysis Of The Yogyakarta Special Region, Nadira Asrifa Nasution
Economics and Finance in Indonesia
This study aims to observe the utilization of Free Trade Agreement (FTA) in the Special Region of Yogyakarta. The findings are obtained by processing primary data collected from in-depth interviews and a survey of firms by applying descriptive analysis. The findings show that FTA is utilized by merely 44% of the total population of 64 firms in Yogyakarta. The benefits of FTA obtained by firms include market access, ease of processing custom documents, and lower preferential tariffs. However, the disadvantages include onerous document requirements, limited information, and difficulties in understanding regulations. Another issue related to the utilization of FTA concerns …
Promoting The Indonesian Special Economic Zones For Tourism: Lessons From Mandalika And Tanjung Kelayang, Latif Adam
Promoting The Indonesian Special Economic Zones For Tourism: Lessons From Mandalika And Tanjung Kelayang, Latif Adam
Economics and Finance in Indonesia
This paper aims to analyze the design and implementation of the policy to develop tourism special economic zones (TSEZs) in Indonesia with special reference to Mandalika and Tanjung Kelayang. Using descriptive analysis, it is revealed that these TSEZs have not attracted many investors yet. The policy design to promote the two TSEZs is unattractive, unclear, and at odds with the characteristics of the tourism sector. Furthermore, the implementing institutions have insufficient capacity and professionalism to implement the policy. Various critical actions are necessary to take. First, accelerating the provision of infrastructure. Second, clarifying several regulations to be in compliance with …
Economic Inequality, Regional Development, And Internal Migration In Indonesia, Khoirunurrofik Khoirunurrofik
Economic Inequality, Regional Development, And Internal Migration In Indonesia, Khoirunurrofik Khoirunurrofik
Economics and Finance in Indonesia
This study aims to probe the determinants of inter-provincial migration flows in Indonesia and how economic and development changes affect migration patterns. We employ three census periods, 1990, 2000, and 2010. Our study finds that an increase in relative inequality between origin and destination provinces decreases inter-provincial migration and relatively high distance elasticity in Indonesia leads to high migration cost. People are more inclined to migrate due to push factors as opposed to pull factors from the destination region, thus indicating a strong relationship between the level of regional development and the willingness of people to migrate.
Microcredit Accessibility In Rural Households: Evidence From Indonesia, Danang Budi Santoso
Microcredit Accessibility In Rural Households: Evidence From Indonesia, Danang Budi Santoso
Economics and Finance in Indonesia
Extant literature suggests that microcredit may improve borrowers social and economic welfare. This study aimed to investigate the microcredit accessibility of rural households in Indonesia. Binary Logistic regression was used to distinguish the characteristics of microcredit borrowers and non-borrowers, and the factors affecting the approval of microcredit application. Primary data was collected through a survey on 488 rural households in Bantul, Yogyakarta. The empirical results suggested that age, marital status and education attainment significantly affect the characteristics of clients and non-clients of microcredit. The results also revealed that age of borrowers, household income, interest rates, and loan duration are key …
Does Gender Diversity In The Boardroom Improve Firm Performance? Evidence From Indonesia, Pananda Pasaribu
Does Gender Diversity In The Boardroom Improve Firm Performance? Evidence From Indonesia, Pananda Pasaribu
Economics and Finance in Indonesia
This study investigates board gender diversity in Indonesia's listed firms and its effect on firm performance from 2011-2016. After addressing the endogeneity of diversity, the results in this paper show that the proportion of female in the boardroom marginally improve firm performance. Firms with two or more female in the boardroom have a stronger impact on firm performance than firms with one female in the boardroom, consistent with the critical mass effect. Finally, certain sectors will gain more benefits of appointing females in the boardroom. The results suggest that increasing gender diversity in the boardrooms can have beneficial effects on …
The Effect Of Hedging With Financial Derivatives On Firm Value At Indonesia Stock Exchange, Prof. Dr. Budi Frensidy
The Effect Of Hedging With Financial Derivatives On Firm Value At Indonesia Stock Exchange, Prof. Dr. Budi Frensidy
Economics and Finance in Indonesia
This study aims to analyze the effect of hedging for the risks of foreign currency, interest rate, and commodity price on firm value as measured by Tobin's Q. The findings reveal that hedging with derivative instruments is insignificantly related to firm value but significantly varied in financial risks. Hedging for foreign currency risk has a significantly positive relation to firm value, while hedging for interest rate and commodity price risk has no relation. Furthermore, this study provides a novelty compared to previous studies in the utilization of the extent of hedging as the variable to measure the implementation of hedging.
Structural Change, Productivity, And The Shift To Services: The Case Of Indonesia, Nabil Rizky Ryandiansyah
Structural Change, Productivity, And The Shift To Services: The Case Of Indonesia, Nabil Rizky Ryandiansyah
Economics and Finance in Indonesia
Since Chenery & Syrquin (1975), the pattern of transition from agriculture-heavy economies to industry and then later to services has been central to growth literatures. But recent empirical works have casted doubts on whether developing countries are able to follow the same path. This paper analyzes whether structural change in Indonesia has been productivity-enhancing. This paper finds that structural change from 1998-2014 has not been able to generate impact on economy-wide productivity. This paper also explores possible determinants of the direction of structural change. This paper does not find commodity dependence nor human capital to have clear association with low …
Financial Development And Income Inequality In Indonesia: A Sub-National Level Analysis, Harry Aginta
Financial Development And Income Inequality In Indonesia: A Sub-National Level Analysis, Harry Aginta
Economics and Finance in Indonesia
This study constructs financial inclusion indicator and analyzes the link of financial inclusion and income inequality for 33 provinces in Indonesia. By using Fixed Effect Panel Model, we find financial inclusion appears to have insignificant effect to on inequality at national level. While at sub-national level, adding other variables such as GRDP, years of schooling, and trade openness, we find financial inclusion appears to have negative and significant impact on income inequality in manufacture and mining-based provinces, not in agriculture-based. The results suggest that financial inclusion helps to lower income inequality when economic condition encourage people to utilize financial access …
Corruption And Foreign Direct Investment (Fdi) In Asean-5: A Panel Evidence, Bakri Abdul Karim Mr, Zulkefly Abdul Karim
Corruption And Foreign Direct Investment (Fdi) In Asean-5: A Panel Evidence, Bakri Abdul Karim Mr, Zulkefly Abdul Karim
Economics and Finance in Indonesia
This paper examines the effects of corruption on the inflow of FDI in ASEAN-5 countries by controlling twomacroeconomic variables namely Gross Domestic Product (GDP) and inflation. Using a static panel dataestimation, the results show the significant relationship between corruption and Gross Domestic Product(GDP) on the inflow of FDI in ASEAN-5. This results indicate that less corrupted countries and largermarket size would attract more FDI inflows. The policy implications from this study suggests that ASEAN-5 governments need to have concerted and continues efforts in improving the integrity and credibility of theiradministration and transactions. In addition, maintaining their sustainable of economic growth …
Availability Of Infrastructure For Poverty Reduction In Indonesia: Spatial Panel Data Analysis, Galih Pramono
Availability Of Infrastructure For Poverty Reduction In Indonesia: Spatial Panel Data Analysis, Galih Pramono
Economics and Finance in Indonesia
Poverty is a key issue in various developing countries, including Indonesia. One of the efforts to reduce poverty is building the infrastructure. Therefore, this study aims to determine the effect of infrastructure on the level of poverty by considering the spatial effect in the period 2011-2015. This study applies spatial panel data analysis with Spatial Autoregressive (SAR) model with fixed effect. The findings show that the infrastructure of electricity, health, sanitation, and building of senior high school has a significant negative impact on the percentage of the underprivileged people. Meanwhile, the building of elementary school has a significant positive impact …
A Comparative Analysis Between Islamic Banks And Conventional Banks In Indonesia Before And After Global Financial Crisis, Lina Nugraha Rani
A Comparative Analysis Between Islamic Banks And Conventional Banks In Indonesia Before And After Global Financial Crisis, Lina Nugraha Rani
Economics and Finance in Indonesia
The objective of this study is to elaborate the comparison and examine the stability level between Islamic and conventional banks operational in Indonesia during the period of before and after Global Financial Crisis (GFC). The impact of Global Financial Crisis on Islamic and conventional banks was analyzed using the tests of IRF (Impulse Response Function) and Variance Decomposition Analysis (VDA) which existed in the VAR (Vector Autoregressive) Method. The pre (GFC) period used in this study is between January 2003 and July 2007, whereas the post GFC is between August 2007 and December 2016. The results of this study are …