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- Economic growth (2)
- Financial inclusion (2)
- Access to Finance; Firm Innovation; Innovation Determinants; Innovation Gap (1)
- BOS; school subsidy; propensity score matching; enrolment (1)
- Bank Competition; Panel Data Regression; Banking Industry (1)
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- Banking stability; financial inclusion; financial openness (1)
- Bargaining power; OLS; nutritional status; HA z-score (1)
- Basin; exploration; geological and economic variables; wells drilled. (1)
- Board diversity; tokenism problem; industry effect (1)
- Bribery; greasing-the-wheels hypothesis; firm performance; democracy; decentralization (1)
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- COVID-19 (1)
- COVID-19; time series clustering; large-scale social restrictions; Google Mobility Index; community (1)
- Capital Spending; Non-Capital Spending; Regional Inflation; Subnational Government (1)
- Capital flows; sudden stops; GDP growth; monetary policy; fiscal policy (1)
- Capture fisheries; characteristics of fishers; welfare; fisheries policy (1)
- Child Labour; Human Capital; Employment (1)
- Community involvement; education; income; peripherality (1)
- Consumption tax; VAT - Value Added Tax; Laffer Curve; informality (1)
- Corporate Income Tax Rate (CITR); Foreign Direct Investment (FDI); the user cost of capital (1)
- Corruption; Foreign Direct Investment (FDI); ASEAN-5; Static Panel data (1)
- Corruption; economic growth; threshold model; ASEAN (1)
- Covid-19 (1)
- Credit access; micro and small women entrepreneurs; self-rationing; business vulnerability (1)
- Credit card; credit limit; consumer debt; impulsive buying; credit risk management (1)
- Current Account; Real Exchange Rate; Asian Crises 1997/1998 (1)
- Debt sustainability; fiscal imbalance; fiscal reaction function; policy asymmetries (1)
- Decentralisation; provinces and local revenue; regional inequality (1)
- Decomposition; economically active children; gender differences; Tobit model; work hours (1)
- Deforestation; Tropical Forest; Population; Forest Cover; Reforestation Expenditure (1)
Articles 31 - 60 of 88
Full-Text Articles in Macroeconomics
Should I Bribe? Re-Examining The Greasing-The-Wheels Hypothesis In Democratic Post-Soeharto Indonesia, Irfan Kurniawan
Should I Bribe? Re-Examining The Greasing-The-Wheels Hypothesis In Democratic Post-Soeharto Indonesia, Irfan Kurniawan
Economics and Finance in Indonesia
During the Soeharto Era corruption was considered to grease the wheels of growth in Indonesia, a country once considered to be the most corrupt country in the world. Indonesia began to experience instantaneous decentralization and democratization after the Soeharto Era abruptly ended. While vastly celebrated, these episodes have their unintended consequence: coercive regulation. We employed the extensive firm-level Large and Medium Manufacturing (Industri Besar Sedang/IBS) census data combined with the Indonesian Democracy Index (Indeks Demokrasi Indonesia/IDI) at provincial level spanning from 2009 to 2015 and found that bribery hampered Indonesian firm output and productivity growth by 9.8% and 12.6%, respectively. …
The Impact Of Disparity In Infrastructure Development On Aceh's Economic Performance: An Inter-Provincial Analysis, Mutiara Fahmi
The Impact Of Disparity In Infrastructure Development On Aceh's Economic Performance: An Inter-Provincial Analysis, Mutiara Fahmi
Economics and Finance in Indonesia
This study provides empirical findings on regional disparity in infrastructural facilities in 23 districts/municipalities of Aceh Province and the impact of the disparity on the economic performance of Aceh Province, specifically on those of economic growth, poverty, and unemployment. The unit of analysis is the district level and the Infrastructure Development Index (IDI) is used as the variable computed by using the multivariate method. Regional disparity is measured by the Coefficient of Variation and the impact of IDI on the provinces economy is analyzed using the econometric model. The analysis shows that infrastructure development disparity exists and that IDI generally …
The International Tourism Performance Amidst Several Intervention Events: More Than 20 Years Of Multi Input Intervention Analysis In Bali, Jakarta, And Kepulauan Riau Provinces, Taly Purwa
Economics and Finance in Indonesia
As one of the priority sectors in economic development of Indonesia, tourism is expected to be the main key in accelerating economic and social growth, hence reducing poverty. The tourism performance, especially international tourism market, is highly prone to intervention events that can reduce the number of inbound tourists and produce a negative impact on economic development of the destination country. Therefore, anticipating and mitigating various intervention events is necessary to maintain the performance of the tourism sector in Indonesia. This study investigates the magnitude and patterns of impact of several intervention events on the number of international visitor arrivals …
The Impact Of Entrepreneurship On Economic Performance In Indonesia, Yohanes Kadarusman
The Impact Of Entrepreneurship On Economic Performance In Indonesia, Yohanes Kadarusman
Economics and Finance in Indonesia
Entrepreneurship is claimed to have a positive and significant effect on economic growth in developed countries, but less so in developing countries. Using the growth model, this study examines the impact of entrepreneurship on economic performance in Indonesia as indicated by economic growth and income per-capita from 1985 to 2017. The estimation result confirms the non-significant effect of the growth of entrepreneurial ventures on the growth of GDP per-capita. However, the accumulation of the ventures has a positive and significant effect on the level of GDP per capita. The different typology of entrepreneurial ventures in Indonesia provides some insight to …
The Impact Of Human Capital On Shadow Economy In Indonesia, Neli Agustina
The Impact Of Human Capital On Shadow Economy In Indonesia, Neli Agustina
Economics and Finance in Indonesia
Shadow economy is a market for legal and illegal goods and services that escape recording and estimation of GDP. It can cause inaccurate estimation of GDP, declining tax revenue, and less precise economic policies. Improving the quality of human capital, both in education and health dimensions, can reduce shadow economy. The research aims to estimate shadow economy and analyze the influence of the quality of human capital on shadow economy in Indonesia. Applying time series multiple linear regression analysis, the findings show that the average shadow economy in Indonesia is 28.97 percent, changes in life expectancy negatively affect changes in …
Book Review: Central Bank Policy: Theory And Practice, Denny Irawan
Book Review: Central Bank Policy: Theory And Practice, Denny Irawan
Economics and Finance in Indonesia
No abstract provided.
Gender Differences In Children's Non-Leisure Activities: A Decomposition Analysis, Dayang Haszelinna Abang Ali
Gender Differences In Children's Non-Leisure Activities: A Decomposition Analysis, Dayang Haszelinna Abang Ali
Economics and Finance in Indonesia
The prevalence of son preference indicates that girls will have less leisure time compared to boys. This study aims to examine gender differences in weekly hours in schooling, housework, and working among children in Indonesia using Tobit Model and decomposition model of Bauer & Sinning (2005), to test whether son preference explains the differences. The dataset was drawn from the fourth wave of Indonesia Family Life Survey (IFLS) in 2007. The results show significant gender differences in housework and working for children aged 5-14 years and insignificant gender gap in schooling for both age groups. These results confirm the existence …
Corporate Income Tax Rate And Foreign Direct Investment: A Cross-Country Empirical Study, Amalia Indah Sujarwati
Corporate Income Tax Rate And Foreign Direct Investment: A Cross-Country Empirical Study, Amalia Indah Sujarwati
Economics and Finance in Indonesia
This study aims to explore the impact of Corporate Income Tax Rate (CITR) on Foreign Direct Investment (FDI), specified based on income levels of countries. Using an unbalanced fixed-effect method of 112 countries over the period of 2003-2017, our finding shows that CITR has no significant impact on FDI. Corporate Income Tax (CIT) is levied on all firms, and as CIT is generally more complex than other types of taxes, its influences on FDI are in question. Excluding tax havens from the sample, our findings show that CITR has a weak significance only in the lower-middle-income and low-income countries.
Enhancing Resilience To Turbulent Global Financial Markets: An Indonesian Experience, Febrio Kacaribu
Enhancing Resilience To Turbulent Global Financial Markets: An Indonesian Experience, Febrio Kacaribu
Economics and Finance in Indonesia
In the empirical literature, large and abrupt declines in capital inflows, or sudden stops, typically hit asset markets and generate output losses in the receiving countries. The significant decrease in capital flows to emerging markets in 2018 is a unique opportunity to test this premise. Using Indonesian data, we found that the sharp decline in capital inflows for over two consecutive quarters in 2018 had an adverse impact on the currency, equities, and bond markets, but no discernible output loss was recorded. Real GDP growth remained resilient throughout 2018 and held broadly steady at around 5 percent in the first …
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 …
Recent Developments In Indonesia's Macro-Economy And Trade, Q1-2018, Febrio Kacaribu
Recent Developments In Indonesia's Macro-Economy And Trade, Q1-2018, Febrio Kacaribu
Economics and Finance in Indonesia
This paper discusses Indonesia's macroeconomic and trade development in the first quarter of 2018. The macroeconomic data shows that the industrial growth was inhibited by regulatory regime inconsistency, while consumption growth still lagged overall GDP growth, and investment growth tended to rise. The trade data shows that the non-oil-and-gas commodities dominated its export, although the commodities terms-of-trade declined. Indonesia's imports were mostly used as raw and auxiliary materials for the input of domestic production. The data also reveals that the larger the firms, the stronger tendency that they have comparative advantage in capital-intensive commodities, and vice versa.
Income Inequality Between Formal-Informal Employees Based On Education Group, Dias Satria
Income Inequality Between Formal-Informal Employees Based On Education Group, Dias Satria
Economics and Finance in Indonesia
Integrally, the informal sector deals with the formal sector with pro-cyclical nature or as a complementary sector. Such conditions allow for wage disparity between sectors even in the same education group. Thus, this study seeks to determine the determinants of wage inequality between formal and informal employees in skilled and unskilled workers in Indonesia in 2017 using Blinder-Oaxaca decomposition. The results showed that the discrimination factor had a greater influence than the endowment factor on wage inequality and the endowment factors that contributed to the increase in wage inequality between the two groups were age squared, experience, and job training.
Does Manufacturing Sophistication Lead To Higher Demand For Vocational Workers? Evidence From Indonesia, Padang Wicaksono, Lionel Priyadi
Does Manufacturing Sophistication Lead To Higher Demand For Vocational Workers? Evidence From Indonesia, Padang Wicaksono, Lionel Priyadi
Economics and Finance in Indonesia
Indonesia post-crisis manufacturing growth has been dominated by technologically sophisticated industry. Hypothetically, this development would increase the demand for skilled and more specialized workers like vocational school graduates. However, statistical evidences show that manufacturing sophistication stimulated by integration with the Global Production Network increase demand for vocational as well as general high school graduates. Moreover, higher demand does not necessarily result in sustainable career prospect, as many vocational graduates still have limited opportunity to improve their skills while climbing the seniority ladder possibly caused by shifting Global Value Chain from export-oriented toward domestic market-oriented that affect the industry's technological complexity.
The Relationship Of Vat Rate And Revenues In The Case Of Informality, Riatu M. Qibthiyyah
The Relationship Of Vat Rate And Revenues In The Case Of Informality, Riatu M. Qibthiyyah
Economics and Finance in Indonesia
This study explored relationship between tax rate and revenues in the case of VAT, one of few type of consumption taxes that is considered to be a broad-based tax. Based on a larger set of countries - in comparison to previous studies, this study shows VAT rate has an inverted U-shaped relationship to VATÂ revenues, confirming the Laffer Curve theory. Exploring further on the effect of informality to maximum VAT rate, we found that higher informality will reduce government flexibility in its effort to increase tax rate. Furthermore, openness has significant and positive effect on VAT revenues performance, and tax …
Modification Of The Regulatory Impact Assessment On Indonesia's Economic Policies, Kiki Verico
Modification Of The Regulatory Impact Assessment On Indonesia's Economic Policies, Kiki Verico
Economics and Finance in Indonesia
This paper modifies the Regulatory Impact Assessment (RIA) method in Indonesia's trade, investment, and industrial incentive policies. First, it analyses the Indonesian Bilateral Trade Agreements of Indonesia - Japan Economic Partnership Agreement (IJEPA) and Indonesia - Pakistan Preferential Trade Agreement (IP-PTA) This paper found if the trading partner has GNI per capita higher than Indonesia's then the expected outcome was the increasing FDI inflows and if its GNI per capita lower therefore the most top foreseeable result was the rising net trade balance of Indonesia. Second, it analyses industrial sector incentive analysis and found that firms prefer supply-side than fiscal …
On Nonlinear Relationship Between Inflation And Economic Growth: A Study Of Asean-5 Countries Period 2000€“2016, Ambar Galih, Sugiharso Safuan
On Nonlinear Relationship Between Inflation And Economic Growth: A Study Of Asean-5 Countries Period 2000€“2016, Ambar Galih, Sugiharso Safuan
Economics and Finance in Indonesia
Money (inflation) has played a vital role in economic growth. However, the nexus between them has always drawn mesmerizing debates. From the thoughts of Classical and Keynes which argued the existence of money neutrality, to the level of empirical studies which find either positive or negative correlation between inflation and economic growth. Recent studies concerning the debatable relationship have evolved it into a hypothesis whether the relation is nonlinear with a threshold or a point where the link switches. This study aims to re-examine the causality between inflation and economic growth in ASEAN-5 countries period 2000Q1-2016Q4. The results based on …