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2015

Economics

Universitas Indonesia

Articles 1 - 25 of 25

Full-Text Articles in Social and Behavioral Sciences

Oil Exploration Economics: Empirical Evidence From Indonesian Geological Basins, Hari Patria, Vid Adrison Dec 2015

Oil Exploration Economics: Empirical Evidence From Indonesian Geological Basins, Hari Patria, Vid Adrison

Economics and Finance in Indonesia

Oil exploration has been subject to economic research for decades. Earlier studies of exploration models are mostly discussed the behavior of exploration at the macro-level analysis such as field, firm, region, and continental. This paper then focuses on the geological and economic factors that determine the well-drilling decision at the micro-level using disaggregated panel data of 32 geological basins in Indonesia over the period of 2004-2013. This study shows that the number of drilled wells is determined significantly by the lag of success rate, lag of discovery size, lag of global oil price, and regional location of geological basin.

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Determinants Of Firm Innovation In Indonesia: The Role Of Institutions And Access To Finance, Edo Mahendra, Ubaidillah Zuhdi, Ratnawati Muyanto Dec 2015

Determinants Of Firm Innovation In Indonesia: The Role Of Institutions And Access To Finance, Edo Mahendra, Ubaidillah Zuhdi, Ratnawati Muyanto

Economics and Finance in Indonesia

This paper investigates the determinants of firm innovation in Indonesia. Using quality of local regulations index constructed by the Indonesia's Regional Autonomy Watch (KPPOD) as measure of institutions, We found that better institutional quality at the local level was associated with more innovation and that firms experiencing major obstacle in access to finance were less likely to innovate. Access to finance is more critical for small and medium enterprises (SMEs) whereas institutional quality is more important for large firms. The positive impact of better institutions on innovation is asymmetrically distributed. Better local institutional quality disproportionately benefited non-constrained firms.

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Unequal Impact Of Price Changes In Indonesia, Ruly Pratikno, Mohamad Ikhsan Dec 2015

Unequal Impact Of Price Changes In Indonesia, Ruly Pratikno, Mohamad Ikhsan

Economics and Finance in Indonesia

The main idea of this study is to determine the impact of relative inflation on poverty incidents and to investigate whether inflation inequality has occurred in Indonesia. Interesting results were found at regional level. Firstly, Jakarta had different poverty response with respect to price increases. Processed food and transportation inflation were more imperative for the poor in Jakarta. Secondly, the poor in province with low poverty figures were more prone to inflation. In general, the results show that food inflation has the major adverse impact on the poor. Moreover, we found that inflation in Indonesia has not been pro-poor.

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Managing Productivity In The Infrastructure Sector: A Case Study From Indonesia, Eric R. W. Knight Dec 2015

Managing Productivity In The Infrastructure Sector: A Case Study From Indonesia, Eric R. W. Knight

Economics and Finance in Indonesia

This paper considers the nature of assessing productivity and effectiveness in infrastructure investment in the context of governments increasing investment in new infrastructure. Taking the case of energy infrastructure investment within Indonesia, this paper makes three contributions: (i) develops a model for assessing infrastructure productivity based on landscape, regime and niche-level changes, (ii) suggests the interconnection between these levels based on sequencing multi-level changes over time, and (iii) shows the role of supply and demand side initiatives in enabling new infrastructure investment is evaluated.

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Improving Human Capital Through Better Education To Support Indonesia's Economic Development, Latif Adam, Siwage Dharma Negara Aug 2015

Improving Human Capital Through Better Education To Support Indonesia's Economic Development, Latif Adam, Siwage Dharma Negara

Economics and Finance in Indonesia

Despite Indonesia's impressive economic growth, it still lags behind other countries with a similar income level in terms of the quality of its human capital. This paper argues that one key factor explaining this low quality of human capital relates to the lack of focus and clear strategies to develop its education system. This paper attempts to assess Indonesia's current state of human capital development with particular focus on it's education sector. In order to benefit from its demographic bonus, Indonesia needs to to improve its current education and skill training system. Better education and skill training system will support …

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Rural Electrification Program In Indonesia: Comparing Sehen And Shs Program, Maxensius Tri Sambodo Aug 2015

Rural Electrification Program In Indonesia: Comparing Sehen And Shs Program, Maxensius Tri Sambodo

Economics and Finance in Indonesia

In 2014, the Indonesian government has targets to obtain 80% of electrification ratio and 98.9% of rural electrification ratio. Extending the grid and off-grid connection has been done to obtain the targets. This paper aims to compare two main programs on rural electrification namely Super Extra Energy Saving (Super Ekstra Hemat Energi, SEHEN) that is belong to PLN (state owned company in electricity) and the Solar Home System (SHS) that is financed by the Ministry of Energy and Mineral Resources (MEMR). Indonesia has started the rural electrification program in the late 1950s, but how to provide electricity in a sustainable …

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"Does Inflation Targeting Framework Make A Significant Difference In Lowering Price Level?" What Is Its Implication To Indonesia's Inflation Rate?, Faisal Rachman Aug 2015

"Does Inflation Targeting Framework Make A Significant Difference In Lowering Price Level?" What Is Its Implication To Indonesia's Inflation Rate?, Faisal Rachman

Economics and Finance in Indonesia

In the last two decades many countries have been starting to employ Inflation Targeting Framework (ITF) as their main monetary policy framework. This is done to achieve an objective of anchoring public expectation on inflation which in the end will steer the price level movement towards ITF's ultimate target of relatively low and stable inflation rate. By conducting Difference-in-Difference method on panel data consisting of five countries implementing ITF since 2001 and twenty-one selected non-ITF countries for period 1990-2010, it is statistically proved that ITF adoption has a significant effect on inflation. In case of Indonesia, through Structural Break approach, …

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Current Account And Real Exchange Rate Dynamics In Indonesia, Firman Mochtar, Yoga Affandi Aug 2015

Current Account And Real Exchange Rate Dynamics In Indonesia, Firman Mochtar, Yoga Affandi

Economics and Finance in Indonesia

We analyze the role of both permanent and temporary factors in affecting the Indonesian current account and real exchange dynamics before and after 2000. Adopting Lee and Chinn (1998; 2006) approach as well as Chinn et al. (2007), two results stand out. First, we confirm that the behavior of the real exchange rate has altered since 2000. Identifications show that permanent shocks are the primary causes for the movements of the real exchange rate after 2000, while in the period before 2000, the Indonesian real exchange rates changes are characterized by greater dominance of temporary shocks. The apparent change in …

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Revisiting Stock Market Integration Pre-Post Subprime Mortgage Crisis: Insight From Bric Countries, Rayenda Brahmana, Chin-Hong Puah, Kai-Hung Wong Aug 2015

Revisiting Stock Market Integration Pre-Post Subprime Mortgage Crisis: Insight From Bric Countries, Rayenda Brahmana, Chin-Hong Puah, Kai-Hung Wong

Economics and Finance in Indonesia

This study revisits the long-run relationships and short-run dynamic causal linkages among BRIC stock market, with the particular attention to the 2008 subprime mortgage crisis. Extending related empirical studies, comparative analyses of pre-crisis, and post-crisis periods were conducted to comprehensively evaluate how stock market integration was affected by financial crises. In general, after employing cointegration test and VAR test, the results reveal the increase of stock market integration in BRICs after the subprime crisis. The evidence also found that China stock market is the most influential among the BRICs, in which China stock market has the ability to Granger cause …

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Pola Permintaan Daging Tingkat Rumah Tangga Di Indonesia: Analisa Data Mikro 2013, Sigit Nugroho, Sita Wardhani Suparyono Jul 2015

Pola Permintaan Daging Tingkat Rumah Tangga Di Indonesia: Analisa Data Mikro 2013, Sigit Nugroho, Sita Wardhani Suparyono

Jurnal Ekonomi dan Pembangunan Indonesia

The objective of this study is to understand the meat demand pattern of household in Indonesia. This study used the 2013 National Socio-Economic Survey (SUSENAS) and Agricultural Census (SP). The method used to understand the meat demand pattern is Quadratic Almost Ideal Demand System (QUAIDS) approach with Iterated Linear Least Square (ILLS) estimator. The result shows that urban, education, household size, and domestic meat supply have an influence on meat demand pattern and its elasticity.

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Aplikasi Model Optimasi Untuk Meningkatkan Efisiensi Pengangkutan Sampah Di Kota Cilegon, Danang Triwibowo, Alin Halimatussadiah Jul 2015

Aplikasi Model Optimasi Untuk Meningkatkan Efisiensi Pengangkutan Sampah Di Kota Cilegon, Danang Triwibowo, Alin Halimatussadiah

Jurnal Ekonomi dan Pembangunan Indonesia

Most cities in developing countries face inefficiency problem of waste collection service run by government. The purpose of this study is to estimate the efficiency of waste collection service and the capital cost requirement in 2019 to cover 100% waste collection service in Cilegon City. The efficiency is calculated by comparing the current costs with the optimization costs by the model of vehicle routing problem. The result shows that the obtained inefficiency reaches 37,48% which largely comes from the labor component. To cover all of resident in Cilegon City, the city needs to increase their budget allocation as much as …

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Dampak Jaminan Terhadap Peluang Memperoleh Kredit Bagi Umkm Di Sumatera Barat, Joan Marta, Doni Satria Jul 2015

Dampak Jaminan Terhadap Peluang Memperoleh Kredit Bagi Umkm Di Sumatera Barat, Joan Marta, Doni Satria

Jurnal Ekonomi dan Pembangunan Indonesia

This paper reveals that West Sumatera banking sector are more likely using the availability of collateral for the credit to micro, small and medium enterprises (MSME). Using 384 sample size from MSME in West Sumatera, if a MSME have enough collateral, the probability of their credit application to be rejected by banks will fall from 59.9% to 11.7% comparing to they don’t have enough collateral. This finding proved a credit guarantee scheme is needed, and for the further study it is recommended to conduct research on the characteristic of the potentials of MSME as a credit scoring model for banks.

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Apakah Jenjang Pendidikan Dasar Tenaga Kerja Berperan Dalam Mengurangi Kemiskinan Di Indonesia?, Rofiq Nur Rizal Jul 2015

Apakah Jenjang Pendidikan Dasar Tenaga Kerja Berperan Dalam Mengurangi Kemiskinan Di Indonesia?, Rofiq Nur Rizal

Jurnal Ekonomi dan Pembangunan Indonesia

Improving the quality of human resources through education is believed as one of the solutions to reduce poverty. World attention to education in global ’Education For All program’ and the ’Millennium Development Goals’, suggests that basic education become central program in reducing poverty. If there was a linear relationship between education and income, improved education at basic level would not increase revenues substantially. This study aim is analyzing the role of labor education level toward poverty. Using panel data, this study found that basic education level of labor has a significant role to increase poverty, whereas higher education levels of …

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Efek Limpahan Pertumbuhan Antar-Kabupaten/Kota Di Provinsi Jawa Timur Tahun 2001–2013, Pristiawan Wibisono, Mudrajad Kuncoro Jul 2015

Efek Limpahan Pertumbuhan Antar-Kabupaten/Kota Di Provinsi Jawa Timur Tahun 2001–2013, Pristiawan Wibisono, Mudrajad Kuncoro

Jurnal Ekonomi dan Pembangunan Indonesia

This study aims to identify the typology of districts/municipalities in East Java Province, and analyze the growth spillover effects among districts/municipalities. This study was conducted using analysis tools such as Klaassen Typology, identification of growth pole based on the definition proposed by Richardson, the calculation of growth spillover effects and detection of spatial autocorrelation with local indexes Moran and Local Indicators of spatial Association (LISA). The results from this study is that advanced and fast-growing districts/municipalities from 2001 until 2013 concentrated in the central region of East Java Province. Consistency as advanced and fast-growing region is an indicator of growth …

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Analisis Perilaku Kolusif Pada Tender Perbaikan Jalan Di Provinsi Dki Jakarta Tahun 2011-2014, Sastyo Aji Darmawan, Khoirunurrofik Khoirunurrofik Apr 2015

Analisis Perilaku Kolusif Pada Tender Perbaikan Jalan Di Provinsi Dki Jakarta Tahun 2011-2014, Sastyo Aji Darmawan, Khoirunurrofik Khoirunurrofik

Jurnal Kebijakan Ekonomi

One of the great progress that has been achieved by the Government in the procurement of goods/services or tender is the implementation of the procurement of goods/services through an electronic system (e-procurement). Although the implementation of e-procurement is believed to increase transparency and accountability, however in practice the unfair competition tenders are still found. Meanwhile, to enforce the Competition Law, KPPU uses indirect evidence that can be either an economic analysis or the evidence of communication for deciding collusion in tenders. This study aimed to analyze firm behavior in tender by testing a method that refers to the rules of …

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Kesiapan Nelayan Tradisional Kali Adem, Muara Angke Jakarta Dalam Memanfaatkan Sistem Informasi Nelayan Pintar, Diah Proboningtias, Riyanto Riyanto Apr 2015

Kesiapan Nelayan Tradisional Kali Adem, Muara Angke Jakarta Dalam Memanfaatkan Sistem Informasi Nelayan Pintar, Diah Proboningtias, Riyanto Riyanto

Jurnal Kebijakan Ekonomi

Ministry of Marine Affairs and Fisheries (KKP) has made Smart Fishermen Information System (SINP), with application called Smart Fishermen (nelpin) on smartphone with Android system. This study aims to identify readiness in using SINP of traditional fishermen in Kali Adem Muara Angke Jakarta. The result of this study shows that readiness index of traditional fishermen in Kali Adem Muara Angke Jakarta in using SINP is 4.15 of 6. This means that traditional fishermen in Kali Adem Jakarta are ready to use SINP, but with conditional guidance The result of policy factors perform as a policy recommendations through give away cheap …

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Efisiensi Belanja Pemerintah Daerah Dan Dampaknya Terhadap Pertumbuhan Ekonomi Daerah Tahun 2004-2013, Tety Andriani, Bernadictus Raksaka Mahi Apr 2015

Efisiensi Belanja Pemerintah Daerah Dan Dampaknya Terhadap Pertumbuhan Ekonomi Daerah Tahun 2004-2013, Tety Andriani, Bernadictus Raksaka Mahi

Jurnal Kebijakan Ekonomi

Fiscal decentralization in Indonesia is expected to improve efficiency of local government and further drive economic growth in the regions. This research studies correlation between the efficiency of the local government expenditure and the economic growth in West Java and North Sumatera. The analysis is divided into two stages. First, expenditure efficiency is measured by using Data Envelopment Analysis (DEA) method. In the second stage, regression analysis is conducted to estimate impacts of the local governments’ efficiency scores and other determinants on the regional economic growth. The research result shows that, in West Java and North Sumatera, the local government …

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Pengaruh Struktur Pendapatan Terhadap Risiko Bisnis Perbankan Syariah Di Indonesia, Kholida Atiyatul Maula Apr 2015

Pengaruh Struktur Pendapatan Terhadap Risiko Bisnis Perbankan Syariah Di Indonesia, Kholida Atiyatul Maula

Jurnal Kebijakan Ekonomi

The purpose of this study was to analyze the effect of the income structure of Islamic banking to Islamic banking business risk in Indonesia. The results showed that the average level of business risk in Indonesia with 11 samples of Islamic banking are listed on the Stock Exchange in 2011 to 2013, shows the average value of 7.49% with a range of 1% to 23.5% with a standard value his deviation of 7.7%. Islamic banking is expected to minimize the risk of the business in order to survive and be able to provide financial facilities with financial instruments (Financial Instruments), …

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Optimalisasi Kebijakan Pemanfaatan Lahan Dengan Pola Mix Land Use Terhadap Perencanaan Prasarana Pendidikan Dan Kesehatan Di Kota Batam, Nurbaiti Nurbaiti, Khoirunurrofik Khoirunurrofik Apr 2015

Optimalisasi Kebijakan Pemanfaatan Lahan Dengan Pola Mix Land Use Terhadap Perencanaan Prasarana Pendidikan Dan Kesehatan Di Kota Batam, Nurbaiti Nurbaiti, Khoirunurrofik Khoirunurrofik

Jurnal Kebijakan Ekonomi

This research aims to identify the patterns of spatial use to optimize the use of space equal distribution of education and health well as see the effect of education and health infrastructure facilities to NJOP (land value). The results of this research identified more than 50% the use of space on Batam city turn toward adopt Mix Land Use with the characteristics are: 1) is a district with a high service hierarchy; 2) have the education and health infrastructure which is more spread equally to be accessible for the public; 3) The gap between education and health infrastructure are smaller. …

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Ketegaran Upah Nominal Sebagai Sarana Rekonsiliasi Hubungan Industrial Pada Masa Krisis, Joko Susanto Jan 2015

Ketegaran Upah Nominal Sebagai Sarana Rekonsiliasi Hubungan Industrial Pada Masa Krisis, Joko Susanto

Jurnal Ekonomi dan Pembangunan Indonesia

The decreasing of worker productivity, that happened in the crisis, would be a reason for employer to lower nominal wages. However, the crisis also led to a reduction of worker's real incomes due to higher inflation so the workers ask higher nominal wage to maintain their welfare. This research analysis nominal wage determination in Indonesian chemical industries during the crisis. This research uses regression analysis based on the dynamic panel data model. The results show that during the crisis, nominal wage rate is not decrease. Employer state that decline in nominal wage have a negative impact on company performance. During …

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Pendidikan, Human Capital Ataukah Signaling? Studi Kasus Indonesia, Mohamad Fahmi, Yeni Oktavia Mulyono Jan 2015

Pendidikan, Human Capital Ataukah Signaling? Studi Kasus Indonesia, Mohamad Fahmi, Yeni Oktavia Mulyono

Jurnal Ekonomi dan Pembangunan Indonesia

This study aims to test whether the behavior of Indonesian people in determining education is the manifestation of human capital theory or signaling theory. Using the ordinary least square (OLS) model and the Indonesian Family Life Survey (IFLS) 2007 data, we find that both theories mutually have effect to influence the behavior of Indonesian people to determine their education.

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Pengaruh Defisit Fiskal Terhadap Pertumbuhan Ekonomi Di Indonesia Periode 1990-2012, Dwinanda Ardhi Swasono, Berly Martawardaya Jan 2015

Pengaruh Defisit Fiskal Terhadap Pertumbuhan Ekonomi Di Indonesia Periode 1990-2012, Dwinanda Ardhi Swasono, Berly Martawardaya

Jurnal Ekonomi dan Pembangunan Indonesia

This research is conducted to investigate the correlation of fiscal deficit to economic growth in Indonesia during 1990-2012. Contribution of this study is the use of cointegration and Error Correction Model, we confirmed mainstream macroeconomic theory where fiscal deficit has positive and significant impact to economic growth. Government is recommended to undertake fiscal deficit within the 3% boundary allowed by State Budget Law.

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Analisis Spasial Kriminalitas Harta Benda Di Wilayah Jadetabek, Aditya Harin Nugroho, Sonny Harry B. Harmadi Jan 2015

Analisis Spasial Kriminalitas Harta Benda Di Wilayah Jadetabek, Aditya Harin Nugroho, Sonny Harry B. Harmadi

Jurnal Ekonomi dan Pembangunan Indonesia

This study aims to identify the existence of spatial dependence of property crime at sub-district level in the case of Jakarta, Tangerang, Depok, and Bekasi (Jadetabek), the major metropolitan area in Indonesia over 2010 period. Empirical results by using spatial autoregressive suggest the existence of positive spatial autocorrelation of property crime in Jadetabek. We also find the determinants of property crime is related to per capita household expenditure, number of youth unemployment, number of young population, number of drags abuse case, and percentage of case solved.

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Analisis Dampak Indonesia Japan Economic Partnership Agreement Terhadap Price-Cost Margins Industri Manufaktur Indonesia, Fitri Tri Budiarti, Fithra Faisal Hastiadi Jan 2015

Analisis Dampak Indonesia Japan Economic Partnership Agreement Terhadap Price-Cost Margins Industri Manufaktur Indonesia, Fitri Tri Budiarti, Fithra Faisal Hastiadi

Jurnal Ekonomi dan Pembangunan Indonesia

Indonesia Japan Economic Partnership Agreement (IJEPA) is the first bilateral economic agreement for Indonesia. IJEPA is expected to increase Indonesia manufacture industry competition because the establishment of USDFS and MIDEC. Post IJEPA, Price-cost margins (PCM) fluctuated. PCM has been generally used as a competition indicator, because PCM related to average profit of an industry. This study uses panel data of large and small industry within 2004-2012 periods. This study conclude that IJEPA able to make PCM of manufacture industry fall through efficiency of input factors use, the cost of materials price downfall, and economies of scale in certain industries.

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Analisis Raskin Dan Ketahanan Pangan Rumah Tangga Di Indonesia (Analisis Data Susenas 2011), Irma Sundari, Nachrowi Djalal Nachrowi Jan 2015

Analisis Raskin Dan Ketahanan Pangan Rumah Tangga Di Indonesia (Analisis Data Susenas 2011), Irma Sundari, Nachrowi Djalal Nachrowi

Jurnal Ekonomi dan Pembangunan Indonesia

This study aims to analyze the food security determinant of households by household characteristics in Indonesia using descriptive and multinomial logit analyses, and determine the characteristics of households that need intervention of Raskin in Indonesia. Descriptive and multinomial logit analyses found that households more food secure if the education of household head is higher, number of household members is smaller, the household head work in non-agriculture, income per capita is larger, and the area where household live in urban areas. Generally, Raskin relatively on target. Raskin should be prioritized on women-headed households with low education, and work in agriculture/non-agriculture.

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