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Public Health Spending, Governance Quality and Poverty Alleviation 公共卫生支出、治理质量与扶贫
Pub Date : 2020-12-31 DOI: 10.47291/EFI.V66I2.751
Mohamad Komarudin, Mandar P. Oak
Poverty alleviation has become the main priority program in most developing countries. This research empirically studies the correlation between public health spending, governance quality, and poverty alleviation in developing countries. The panel data were estimated via a random-effects (RE) model and robustness check using instrumental variables (IV) (two-stage least-squares [2SLS]) and first-difference generalized method of moments (GMM) because of the endogeneity problem. The results suggest that public health spending has a significant effect on reducing the poverty rate, and that countries with better governance tend to reduce poverty than countries with poor governance. Increasing public health spending by one percentage point may reduce poverty by 0.48 percentage points in countries with good governance supposing the governance quality influences public health spending. Conversely, in countries with poor governance, the poverty headcount ratio may decline by 1.375 percentage points when public health spending increases by one percentage point.
扶贫已成为大多数发展中国家的主要优先项目。本研究实证研究了发展中国家公共卫生支出、治理质量与减贫之间的相关性。由于内生性问题,面板数据通过随机效应(RE)模型进行估计,并使用工具变量(IV)(两阶段最小二乘[2SLS])和一阶差分广义矩法(GMM)进行鲁棒性检查。结果表明,公共卫生支出对降低贫困率有显著影响,治理较好的国家往往比治理较差的国家减少贫困。在治理良好的国家,假设治理质量影响公共卫生支出,公共卫生支出每增加一个百分点就可以减少0.48个百分点的贫困。相反,在治理不善的国家,公共卫生支出每增加一个百分点,贫困人口比率就可能下降1.375个百分点。
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引用次数: 1
The Role of Banking Services in Determining the Destination Countries for Indonesia’s Non-Oil and Gas Export 银行服务在确定印度尼西亚非石油和天然气出口目的国方面的作用
Pub Date : 2020-12-31 DOI: 10.47291/EFI.V66I2.709
R. Satriani, T. Machmud
This study aims to examine whether the risk factor and banking services play a significant role in determining not only the export performance of a country but also the pattern of export destination markets, with the reference to the case of Indonesia. These two indicators are interrelated because the risk factor in export transactions can be mitigated by banking sector. Using the data of export Letter of Credits (LCs) for non-oil and gas exports of Indonesia as a banking instrument to mitigate special risk transactions to 102 export destination countries as well as a panel data methodology for the 2011–2018 period, this study discovers that the risk of export destination countries affects the decline in non-oil and gas exports of Indonesia to the alleged high-risk countries that are non-traditional export markets of Indonesia by 8.34%. In contrast, the LCs only significantly affect the increase in non-oil and gas exports of Indonesia to the lowand medium-risk countries by 0.024–0.029%, most of which are traditional export markets of Indonesia. It implies that banking sector in general does not have the appetite for providing financing for Indonesian exporters attempting to penetrate non-traditional export markets. This result underlines that commercial banks in Indonesia have a significant role in shaping the pattern of destination countries for Indonesian export. Consequently, government intervention is essentially needed by assuming or sharing part of the risk with state banks supposing the government continues to expect exporters to be able to penetrate into the non-traditional countries.
本研究旨在以印度尼西亚为例,考察风险因素和银行服务是否在决定一个国家的出口业绩以及出口目的地市场模式方面发挥着重要作用。这两个指标是相互关联的,因为银行业可以减轻出口交易中的风险因素。使用印度尼西亚非石油和天然气出口的出口信用证数据作为银行工具,以减轻对102个出口目的地国家的特殊风险交易,以及2011-2018年期间的面板数据方法,本研究发现,出口目的地国的风险影响了印尼对所谓的非传统出口市场高风险国家的非石油和天然气出口下降8.34%。相比之下,低风险国家仅显著影响了印尼向中低风险国家非石油和气出口的增长0.024–0.029%,其中大部分是印度尼西亚的传统出口市场。这意味着银行业一般不愿意为试图打入非传统出口市场的印尼出口商提供融资。这一结果突显出,印尼的商业银行在塑造印尼出口目的地国模式方面发挥着重要作用。因此,如果政府继续期望出口商能够渗透到非传统国家,政府基本上需要通过承担或与国有银行分担部分风险来进行干预。
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引用次数: 0
A Decomposition Analysis of Fertility: Evidence from DKI Jakarta and East Nusa Tenggara 生育率的分解分析:来自雅加达DKI和东努沙登加拉的证据
Pub Date : 2020-12-31 DOI: 10.47291/EFI.V66I2.703
Farma Mangunsong
Fertility control has been one of the priorities of development in Indonesia. However, the 2000 and 2010 population censuses showed an increase in fertility indicators. To identify the sources of increased fertility in developed and less developed areas, DKI Jakarta and East Nusa Tenggara Provinces were selected for comparison. Using 2000 and 2010 census data, the decomposition analysis shows that the increase in Total Fertility Rate (TFR) of DKI Jakarta was dominated by the increase in nuptiality rate, while the increase in TFR of East Nusa Tenggara was mainly caused by the increase in Marital Fertility Rate (MFR). The highest increase in the proportion of married women in DKI Jakarta occurs in the age group of 15-19 years old, followed by the age group of 20–24 years old. The increase in MFR in East Nusa Tenggara occurs in nearly all age groups, particularly in the age groups of 30–34 and 35–39 years old. Identifying the sources of the increase in TFR is important for population policy to support population growth control, fertility reduction, and human resource quality improvement. The main suggestions based on the findings are the promotion of higher educational level and the benefits of postponing marriage among the younger age groups in DKI Jakarta as well as the use of contraceptive methods to control birth rate in East Nusa Tenggara.
生育控制一直是印度尼西亚发展的优先事项之一。然而,2000年和2010年的人口普查显示生育率指标有所上升。为了确定发达地区和欠发达地区生育率上升的来源,选择了雅加达DKI省和东努沙登加拉省进行比较。利用2000年和2010年的人口普查数据,分解分析表明,雅加达DKI的总生育率(TFR)的增长主要是由结婚率的增长引起的,而东努沙登加拉的总生育比率的增长主要由婚姻生育率(MFR)的增加引起。雅加达DKI已婚妇女比例增幅最大的是15-19岁年龄组,其次是20-24岁年龄组。东努沙登加拉MFR的增加几乎发生在所有年龄组,尤其是30-34岁和35-39岁的年龄组。确定全要素生产率增长的来源对于人口政策支持控制人口增长、降低生育率和提高人力资源质量至关重要。根据调查结果提出的主要建议是在雅加达DKI提高年轻群体的教育水平和推迟结婚的好处,以及在东努沙登加拉使用避孕方法来控制出生率。
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引用次数: 0
Should I Bribe? Re-Examining the Greasing-the-Wheels Hypothesis in Democratic Post-Soeharto Indonesia 我应该Bribe吗?重新审视民主后印尼的车轮润滑假说
Pub Date : 2020-12-31 DOI: 10.47291/EFI.V66I2.792
I. Kurniawan, R. Riyanto
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. These results suggest that the greasing effect has now diminished. Interestingly, we also found that firms located in a province with a better democracy index may experience less damaging effects of corruption. In other words, two firms paying the same value of bribe may obtain different effects depending on where they are located.
在苏哈托时代,腐败被认为是印尼增长的动力,印尼曾被认为是世界上最腐败的国家。苏哈托时代突然结束后,印度尼西亚开始经历瞬时的权力下放和民主化。这些事件虽然广受赞誉,但却带来了意想不到的后果:强制性监管。我们采用了2009年至2015年期间广泛的企业级大中型制造业(Industri Besar Sedang/IBS)人口普查数据,结合印度尼西亚省级民主指数(Indeks Demokrasi Indonesia/IDI),发现贿赂分别阻碍了印尼企业产出和生产力增长9.8%和12.6%。这些结果表明,润滑效果现在已经减弱。有趣的是,我们还发现,位于民主指数较好的省份的公司可能会受到较少的腐败破坏。换句话说,两个公司支付相同价值的贿赂可能会根据其所在地的不同而获得不同的效果。
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引用次数: 0
Book Review: Central Bank Policy: Theory and Practice 《中央银行政策:理论与实践》
Pub Date : 2020-06-25 DOI: 10.47291/efi.v66i1.691
Denny Irawan
I would like to praise the authors for filling in a significant literature gap about central banking, tailored to emerging market context, especially Indonesia. The book has two main contributions. First, it provides a comprehensive literature review of central banking theory and practice. Second, it discusses contemporary challenges in monetary management. In structure, the book is comprised of fifteen chapters, grouped into five parts.
我要赞扬作者填补了关于中央银行的重大文献空白,这是针对新兴市场背景,特别是印度尼西亚。这本书有两个主要贡献。首先,对中央银行理论和实践进行了全面的文献综述。其次,讨论了货币管理的当代挑战。在结构上,这本书由十五章组成,分为五个部分。
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引用次数: 0
The Impact of Human Capital on Shadow Economy in Indonesia 人力资本对印尼影子经济的影响
Pub Date : 2020-06-25 DOI: 10.47291/efi.v66i1.629
S. Saraswati, Neli Agustina
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 shadow economy, while changes in the gross participation rate of tertiary education have a positive effect.
影子经济是一个合法和非法商品和服务的市场,这些商品和服务逃避了GDP的记录和估计。它可能导致对GDP的估计不准确,税收下降,以及经济政策不那么精确。提高教育和卫生方面的人力资本质量可以减少影子经济。本研究旨在评估印尼的影子经济,并分析人力资本质量对影子经济的影响。应用时间序列多元线性回归分析,结果表明,印尼的影子经济平均水平为28.97%,预期寿命的变化对影子经济的变化产生了负面影响,而高等教育总参与率的变化则产生了积极影响。
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引用次数: 4
The Impact of Entrepreneurship on Economic Performance in Indonesia 企业家精神对印尼经济绩效的影响
Pub Date : 2020-06-25 DOI: 10.47291/efi.v66i1.684
Y. Kadarusman
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 explain the finding, namely: scale does matter. Indonesia already has abundant micro-scale entrepreneurs, but it has only a limited amount of small-scale entrepreneurs, and even fewer medium or large-scale entrepreneurs. This finding contributes to a better understanding of the statistically non-significant impact of entrepreneurship on economic growth in developing countries. This study also suggests that entrepreneurship policy in Indonesia should focus more on facilitating micro-scale ventures to continuously develop toward small, medium, and ultimately large-scale enterprises rather than on creating start-ups.
企业家精神据称对发达国家的经济增长有积极和显著的影响,但对发展中国家的影响较小。利用增长模型,本研究考察了企业家精神对印度尼西亚1985年至2017年经济增长和人均收入的经济绩效的影响。估计结果证实了创业企业增长对人均GDP增长的不显著影响。然而,企业的积累对人均GDP水平有显著的正向影响。印尼创业企业的不同类型为解释这一发现提供了一些见解,即:规模确实很重要。印度尼西亚已经有大量的微型企业家,但小型企业家数量有限,中型或大型企业家更少。这一发现有助于更好地理解创业对发展中国家经济增长的统计上不显著的影响。本研究还表明,印度尼西亚的创业政策应该更多地关注于促进微型企业不断向小型、中型和最终的大型企业发展,而不是创建初创企业。
{"title":"The Impact of Entrepreneurship on Economic Performance in Indonesia","authors":"Y. Kadarusman","doi":"10.47291/efi.v66i1.684","DOIUrl":"https://doi.org/10.47291/efi.v66i1.684","url":null,"abstract":"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 explain the finding, namely: scale does matter. Indonesia already has abundant micro-scale entrepreneurs, but it has only a limited amount of small-scale entrepreneurs, and even fewer medium or large-scale entrepreneurs. This finding contributes to a better understanding of the statistically non-significant impact of entrepreneurship on economic growth in developing countries. This study also suggests that entrepreneurship policy in Indonesia should focus more on facilitating micro-scale ventures to continuously develop toward small, medium, and ultimately large-scale enterprises rather than on creating start-ups.","PeriodicalId":31064,"journal":{"name":"Economics and Finance in Indonesia","volume":"66 1","pages":"1-10"},"PeriodicalIF":0.0,"publicationDate":"2020-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46531030","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 6
Enhancing Resilience to Turbulent Global Financial Markets: An Indonesian Experience 增强对动荡的全球金融市场的抵御能力:印尼的经验
Pub Date : 2020-06-25 DOI: 10.47291/efi.v66i1.683
S. Indrawati, N. Diop, M. Ikhsan, F. Kacaribu
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 quarter of 2019. Furthermore, asset markets rebounded quickly, regaining most of the losses incurred by March 2019. We attribute this resilience to Indonesia’s strong macroeconomic fundamentals and responsive fiscal and monetary policies. We argue that to sustain this resilience in the years to come, complementary structural reforms to boost export-oriented FDI would be needed. The 2020 COVID-19 global pandemic has put the emerging economies to the test again, with a possibly more significant impact. We will revisit our analysis in the future in the aftermath of the pandemic.
在实证文献中,资本流入的大幅突然下降或突然停止通常会打击资产市场,并在接受国造成产出损失。2018年流向新兴市场的资本大幅减少是检验这一前提的独特机会。利用印尼的数据,我们发现,2018年资本流入连续两个多季度大幅下降,对货币、股票和债券市场产生了不利影响,但没有明显的产出损失。2018年全年实际GDP增长保持弹性,2019年第一季度大致稳定在5%左右。此外,资产市场迅速反弹,收复了截至2019年3月的大部分损失。我们将这种韧性归因于印尼强劲的宏观经济基本面以及反应灵敏的财政和货币政策。我们认为,为了在未来几年保持这种韧性,需要进行补充性的结构性改革,以促进出口导向型外国直接投资。2020年新冠肺炎全球大流行再次考验了新兴经济体,可能会产生更重大的影响。我们将在疫情过后重新审视我们的分析。
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引用次数: 5
Corporate Income Tax Rate and Foreign Direct Investment: A Cross-Country Empirical Study 企业所得税税率与外商直接投资:跨国实证研究
Pub Date : 2020-06-25 DOI: 10.47291/efi.v66i1.679
Amalia Indah Sujarwati, R. Qibthiyyah
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.
本研究旨在探讨企业所得税税率(CITR)对外国直接投资(FDI)的影响,具体基于各国的收入水平。使用2003-2017年期间112个国家的不平衡固定效应方法,我们的发现表明CITR对外国直接投资没有显著影响。企业所得税(CIT)是对所有企业征收的,由于CIT通常比其他类型的税更复杂,它对外国直接投资的影响是有问题的。将避税天堂排除在样本之外,我们的研究结果表明,CITR仅在中低收入和低收入国家具有微弱的意义。
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引用次数: 2
Gender Differences in Children’s Non-Leisure Activities: A Decomposition Analysis 儿童非休闲活动中的性别差异:分解分析
Pub Date : 2020-06-25 DOI: 10.47291/efi.v66i1.630
Dayang Haszelinna Abang Ali, Rosita Hamdan, Audrey Liwan, J. Hwang
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 of gender differences among younger children compared to older children in their time allocation.
重男轻女的普遍性表明,与男孩相比,女孩的休闲时间会更少。本研究旨在使用Tobit模型和Bauer&Sinning(2005)的分解模型来检验印度尼西亚儿童在每周上学、家务和工作时间方面的性别差异,以检验重男轻女是否解释了这种差异。该数据集来自2007年第四波印度尼西亚家庭生活调查。研究结果显示,5-14岁儿童在家务和工作方面存在显著的性别差异,两个年龄组在学校教育方面的性别差距均不显著。这些结果证实,与年龄较大的儿童相比,年龄较小的儿童在时间分配方面存在性别差异。
{"title":"Gender Differences in Children’s Non-Leisure Activities: A Decomposition Analysis","authors":"Dayang Haszelinna Abang Ali, Rosita Hamdan, Audrey Liwan, J. Hwang","doi":"10.47291/efi.v66i1.630","DOIUrl":"https://doi.org/10.47291/efi.v66i1.630","url":null,"abstract":"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 of gender differences among younger children compared to older children in their time allocation.","PeriodicalId":31064,"journal":{"name":"Economics and Finance in Indonesia","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47322750","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
期刊
Economics and Finance in Indonesia
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