This article investigates whether following Bank Indonesiaâs explicit inflation targets (forward-looking) is a more accurate method of predicting inflation rate in Indonesia than forecast methods utilizing past information of macroeconomic data (backward-looking). The analysis is conducted by performing naive, univariate, and multivariate time-series models with an out-of-sample forecast evaluation period of January 2014âDecember 2016. It is found that the backward-looking approach outperforms the forward-looking approach at all forecast horizons, indicating that Bank Indonesia still does not succeed to anchor inflation expectation towards the desired level.
{"title":"Is Inflation Target Announced by Bank Indonesia the Most Accurate Inflation Forecast","authors":"Faisal Rachman","doi":"10.7454/EFI.V62I2.539","DOIUrl":"https://doi.org/10.7454/EFI.V62I2.539","url":null,"abstract":"This article investigates whether following Bank Indonesiaâs explicit inflation targets (forward-looking) is a more accurate method of predicting inflation rate in Indonesia than forecast methods utilizing past information of macroeconomic data (backward-looking). The analysis is conducted by performing naive, univariate, and multivariate time-series models with an out-of-sample forecast evaluation period of January 2014âDecember 2016. It is found that the backward-looking approach outperforms the forward-looking approach at all forecast horizons, indicating that Bank Indonesia still does not succeed to anchor inflation expectation towards the desired level.","PeriodicalId":31064,"journal":{"name":"Economics and Finance in Indonesia","volume":"62 1","pages":"98-120"},"PeriodicalIF":0.0,"publicationDate":"2016-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71340013","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}
This paper focuses on the dynamic of the portfolio flows into Indonesia. The result of Structural Vector Autoregression (SVAR) model reveals that push factors is more dominant than pull factors in explaining portfolio flows into Indonesia. Portfolio flows into Indonesia are positively correlated with regionalâs stock market performance and negatively correlated to the federal funds rate. On the pull factors, domestic risk (the Credit Default Swap spread) is more dominant than domestic return (the BI rate) in explaining the flows.Thus, it is important for authorities to have more focus on domestic riskârelative to rate of returnâin managing portfolio flows. In addition, the negative impact of the lagged Indonesia stock market index to the capital flowsindicates a counter cyclical investment behavior of global investors.
{"title":"Portfolio Flows into Indonesia: Push or Pull?","authors":"C. Nuryakin, E. Yuan, I. P. Arsana","doi":"10.7454/EFI.V62I2.550","DOIUrl":"https://doi.org/10.7454/EFI.V62I2.550","url":null,"abstract":"This paper focuses on the dynamic of the portfolio flows into Indonesia. The result of Structural Vector Autoregression (SVAR) model reveals that push factors is more dominant than pull factors in explaining portfolio flows into Indonesia. Portfolio flows into Indonesia are positively correlated with regionalâs stock market performance and negatively correlated to the federal funds rate. On the pull factors, domestic risk (the Credit Default Swap spread) is more dominant than domestic return (the BI rate) in explaining the flows.Thus, it is important for authorities to have more focus on domestic riskârelative to rate of returnâin managing portfolio flows. In addition, the negative impact of the lagged Indonesia stock market index to the capital flowsindicates a counter cyclical investment behavior of global investors.","PeriodicalId":31064,"journal":{"name":"Economics and Finance in Indonesia","volume":"62 1","pages":"121-126"},"PeriodicalIF":0.0,"publicationDate":"2016-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71340056","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}
This article presents strategies taken by the office of the Minister of Population to alleviate poverty in villages not eligible for IDT (Inpres Desa Tertinggal-Poor Villages Grant). These strategis which is complententory to the IDT program, operates at the micro level as opposed to the IDT program which operates at the macro level. The strategies is built an assumption that hidden unemployment, underemployment and low quality of human resources are the salient features of the rural areas. In part, these drawback were caused by lack of economic network, especially in marketing of rural products, and some previous policies which were urban biased. Strategies taken, is to build economic tietworking between and amongst rural people.
本文介绍了人口部长办公室为减轻没有资格获得IDT (Inpres Desa tertinggal -贫困村补助金)的村庄的贫困而采取的战略。这些策略是IDT计划的补充，在微观层面上运作，而不是在宏观层面上运作的IDT计划。这些战略是在假定隐性失业、就业不足和人力资源质量低下是农村地区的突出特点的基础上制定的。造成这些缺陷的部分原因是经济网络的缺失，特别是在农村产品的营销方面，以及以前的一些政策偏向城市。所采取的战略是在农村人民之间建立经济联系。
{"title":"Pengentasan Kemiskinan Melalui Pembangunan Jaringan Ekonomi Perdesaan (Sebagai Suatu Strategi)","authors":"Prijono Tjiptoherijanto","doi":"10.22146/JP.11583","DOIUrl":"https://doi.org/10.22146/JP.11583","url":null,"abstract":"This article presents strategies taken by the office of the Minister of Population to alleviate poverty in villages not eligible for IDT (Inpres Desa Tertinggal-Poor Villages Grant). These strategis which is complententory to the IDT program, operates at the micro level as opposed to the IDT program which operates at the macro level. The strategies is built an assumption that hidden unemployment, underemployment and low quality of human resources are the salient features of the rural areas. In part, these drawback were caused by lack of economic network, especially in marketing of rural products, and some previous policies which were urban biased. Strategies taken, is to build economic tietworking between and amongst rural people.","PeriodicalId":31064,"journal":{"name":"Economics and Finance in Indonesia","volume":"27 1","pages":"457-480"},"PeriodicalIF":0.0,"publicationDate":"2016-06-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68039082","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}
This paper aims to assess the role of middle class in Indonesia’s democracy, with the particular focus of the last Indonesian Presidential election. This study uses econometric analyses to assess preferences of middle class in presidential election by exploring data at district/city and provincial. The main finding in this study strongly suggests that religious and personality are still important elements under the race of Indonesia president. This study also found that different group of middle class has different attitudes in selecting the presidential candidate and the upper group of middle class is more likely to select Joko Widodo. Finally, a fragile middle class and a relatively high number of abstainers could be a barrier toward more substantive democracy. Abstrak Makalah ini bertujuan untuk menganalisis peran kelompok kelas menengah dalam proses demokrasi di Indonesia, secara khusus peran mereka difokuskan pada hasil pemilihan presiden yang terakhir. Studi ini menggunakan pendekatan ekonometrik untuk mengalisis preferensi kelompok kelas menengah dalam memilih calon presiden, dengan melakukan eksplorasi data pada tingkat kabupaten/kota dan provinsi. Hasil studi menunjukkan, agama dan personalitas calon presiden menjadi faktor penting dalam pertarungan pemilihan presiden. Studi ini juga menunjukkan, berbagai kelompok dalam kelas menengah memiliki preferensi yang berbeda dalam memilih kandidat presiden dan kelompok kelas menengah atas cenderung memilih Joko Widodo. Akhirnya, kelas menengah yang rentan dan tingginya kelompok yang abstain, akan menjadi hambatan untuk menuju demokrasi yang lebih substantif. Kata kunci: Kelas Menengah; Demokrasi; Pemilihan Presiden; Indonesia JEL classifications: A12; C33
本文旨在评估中产阶级在印度尼西亚民主中的作用，特别关注上次印度尼西亚总统选举。本研究采用计量经济分析方法，以区/市和省为单位，探讨中产阶级在总统选举中的偏好。本研究的主要发现强烈表明，宗教和个性仍然是印尼总统竞选的重要因素。本研究还发现，不同的中产阶级群体对总统候选人的选择态度不同，上层中产阶级更倾向于选择佐科·维多多。最后，脆弱的中产阶级和相对较多的弃权者可能成为实现更实质性民主的障碍。【摘要】印尼总统杨特拉基尔(yang terakhir)表示:“印尼民主进程”是由印尼总统杨特拉基尔(yang terakhir)领导的。研究内蒙古自治区自治区的经济数据，并在喀拉拉邦的喀拉拉邦的喀拉拉邦的喀拉拉邦的喀拉拉邦的喀拉拉邦的喀拉拉邦的喀拉拉邦的喀拉拉邦的喀拉拉邦的喀拉拉邦的喀拉拉邦的喀拉拉邦。哈西尔学习梅农朱坎，阿加玛丹人格人格，梅农朱坎人格人格，梅农朱坎人格人格，梅农朱坎人格人格。总统候选人dan kelompok kelas menengah是佐科·维多多(Joko Widodo)的候选人。akirnya, akas menengah yang rentan dan tingginya kelompok yang弃权，akan menjadi hambatan untuk menuju demokrasi yang lebih实质性。Kata kunci: Kelas Menengah;Demokrasi;Pemilihan主席;印度尼西亚JEL分类:A12;C33
{"title":"Middle Class and Democracy: An Assessment on the 2014 Indonesian’s Presidential Election","authors":"M. Sambodo","doi":"10.7454/EFI.V62I1.519","DOIUrl":"https://doi.org/10.7454/EFI.V62I1.519","url":null,"abstract":"This paper aims to assess the role of middle class in Indonesia’s democracy, with the particular focus of the last Indonesian Presidential election. This study uses econometric analyses to assess preferences of middle class in presidential election by exploring data at district/city and provincial. The main finding in this study strongly suggests that religious and personality are still important elements under the race of Indonesia president. This study also found that different group of middle class has different attitudes in selecting the presidential candidate and the upper group of middle class is more likely to select Joko Widodo. Finally, a fragile middle class and a relatively high number of abstainers could be a barrier toward more substantive democracy. Abstrak Makalah ini bertujuan untuk menganalisis peran kelompok kelas menengah dalam proses demokrasi di Indonesia, secara khusus peran mereka difokuskan pada hasil pemilihan presiden yang terakhir. Studi ini menggunakan pendekatan ekonometrik untuk mengalisis preferensi kelompok kelas menengah dalam memilih calon presiden, dengan melakukan eksplorasi data pada tingkat kabupaten/kota dan provinsi. Hasil studi menunjukkan, agama dan personalitas calon presiden menjadi faktor penting dalam pertarungan pemilihan presiden. Studi ini juga menunjukkan, berbagai kelompok dalam kelas menengah memiliki preferensi yang berbeda dalam memilih kandidat presiden dan kelompok kelas menengah atas cenderung memilih Joko Widodo. Akhirnya, kelas menengah yang rentan dan tingginya kelompok yang abstain, akan menjadi hambatan untuk menuju demokrasi yang lebih substantif. Kata kunci: Kelas Menengah; Demokrasi; Pemilihan Presiden; Indonesia JEL classifications: A12; C33","PeriodicalId":31064,"journal":{"name":"Economics and Finance in Indonesia","volume":"62 1","pages":"1-16"},"PeriodicalIF":0.0,"publicationDate":"2016-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71340444","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}
This article aims to examine the challenges of designing individual’s income tax systems in general and particularly to observe taxpayers’ behaviour in developing countries. This study used case study approach to gain in depth understanding type of taxpayers’ attitude towards personal income tax systems. Based on the analyses, tax behaviour, which comprises the perception of fairness and motivation to comply, attracts urgent challenges in designing effective tax on personal income in every country and mainly underdeveloped countries. Every human being in each country has their social pattern towards tax policy. When the individual perception of fairness is significant, it will harmonise the ’client and service approach’ between taxpayers and governments. This condition would influence tax morale of individuals to comply with the policy and achieve high compliance rate. Therefore, it has argued that personal view of fairness and their motivation to comply with tax systems are becoming vital challenges in designing the tax policy on individual income. Abstrak Artikel ini bertujuan untuk menginvestigasi tantangan-tantangan yang dihadapi dalam merancang sistem perpajakan untuk wajib pajak orang pribadi dan secara khusus menganalisa perilaku wajib pajak di negara-negara berkembang. Penelitian ini menggunakan pendekatan studi literatur untuk mendapatkan secara mendalam jenis perilaku wajib pajak penghasilan orang pribadi. Berdasarkan hasil analisis terkait perilaku pajak, yang terdiri dari persepsi keadilan dan motivasi untuk mematuhi memberikan tantangan tersendiri dalam merancang pajak yang berlaku atas penghasilan pribadi di setiap negara dan terutama negara-negara berkembang. Setiap individu memiliki pola yang berbeda ketika berinteraksi terhadap kebijakan pajak. Ketika persepsi individu terhadap keadilan adalah signifikan, hal itu akan menyelaraskan pendekatan ’client and service’ antara pembayar pajak dan pemerintah. Kondisi ini akan memengaruhi semangat individu untuk mematuhi kebijakan dan mencapai tingkat kepatuhan yang tinggi. Oleh karena itu, asumsi bahwa pandangan individu terhadap keadilan dan motivasi untuk mematuhi sistem pajak menjadi tantangan penting dalam merancang kebijakan terhadap wajib pajak orang pribadi. Kata kunci: Pajak Penghasilan Orang Pribadi; Prinsip Keadilan; Moral Wajib Pajak JEL classifications: E63
本文旨在研究总体上设计个人所得税制度的挑战，特别是观察发展中国家纳税人的行为。本研究采用个案研究的方法，深入了解纳税人对个人所得税制度的态度类型。基于这些分析，税收行为包括对公平的感知和遵守的动机，在每个国家，主要是不发达国家，在设计有效的个人所得税方面面临着紧迫的挑战。每个国家的每个人对税收政策都有自己的社会模式。当个人对公平的看法很重要时，它将协调纳税人和政府之间的“客户和服务方法”。这种情况会影响个人遵守政策的纳税士气，从而达到较高的合规率。因此，本文认为，个人对公平的看法及其遵守税收制度的动机正在成为设计个人收入税收政策的重要挑战。[摘要][中文]:Artikel ini bertujuan untuk menginvestigasi tantanangan - tantanangan - tantanangan, dihadapi dalam merancang系统perpajakan untuk wajib pajak orang pribadi dan secara khusus menganalisa peraku wajib pajak di negara-negara berkembang。Penelitian ini menggunakan pendekatan研究文学untuk mendapatkan secara mendalam jenis peraku wajib pajak penghasilan orang pribadi。我想说的是，我想说的是，我想说的是，我想说的是，我想说的是，我想说的是，我想说的是，我想说的是，我想说的是，我想说的是，我想说的是，我想说的是，我想说的是，我想说的是，我想说的是，我想说的是，我想说的是，我想说的是，我想说的是，我想说的是，我想说的是，我想说的是，我想说的是，我想说的是，我想说的是，我想说的是，我想说的是，我想说的是，我想说的是，我想说的是。设置个人记忆，例如polilki yang berbeda ketika berinteraksi terhadap kebijakan pajak。Ketika persepi individual意为“客户和服务”，意为“客户和服务”。Kondisi ini akan memengaruhi semangan，个人，个人，个人，个人，个人，个人，个人，个人，个人，个人，个人，个人，个人，个人，个人，个人，个人，个人，个人，个人。Oleh karena，假设我是熊猫，我是熊猫，我是熊猫，我是熊猫，我是熊猫，我是熊猫，我是熊猫，我是熊猫。Kata kunci: Pajak Penghasilan Orang Pribadi;Prinsip Keadilan;道德Wajib Pajak JEL分类:E63
{"title":"What are the Challenges in Designing An Effective Personal Income Tax System","authors":"Raeni Raeni, Astika Sari","doi":"10.7454/EFI.V62I1.523","DOIUrl":"https://doi.org/10.7454/EFI.V62I1.523","url":null,"abstract":"This article aims to examine the challenges of designing individual’s income tax systems in general and particularly to observe taxpayers’ behaviour in developing countries. This study used case study approach to gain in depth understanding type of taxpayers’ attitude towards personal income tax systems. Based on the analyses, tax behaviour, which comprises the perception of fairness and motivation to comply, attracts urgent challenges in designing effective tax on personal income in every country and mainly underdeveloped countries. Every human being in each country has their social pattern towards tax policy. When the individual perception of fairness is significant, it will harmonise the ’client and service approach’ between taxpayers and governments. This condition would influence tax morale of individuals to comply with the policy and achieve high compliance rate. Therefore, it has argued that personal view of fairness and their motivation to comply with tax systems are becoming vital challenges in designing the tax policy on individual income. Abstrak Artikel ini bertujuan untuk menginvestigasi tantangan-tantangan yang dihadapi dalam merancang sistem perpajakan untuk wajib pajak orang pribadi dan secara khusus menganalisa perilaku wajib pajak di negara-negara berkembang. Penelitian ini menggunakan pendekatan studi literatur untuk mendapatkan secara mendalam jenis perilaku wajib pajak penghasilan orang pribadi. Berdasarkan hasil analisis terkait perilaku pajak, yang terdiri dari persepsi keadilan dan motivasi untuk mematuhi memberikan tantangan tersendiri dalam merancang pajak yang berlaku atas penghasilan pribadi di setiap negara dan terutama negara-negara berkembang. Setiap individu memiliki pola yang berbeda ketika berinteraksi terhadap kebijakan pajak. Ketika persepsi individu terhadap keadilan adalah signifikan, hal itu akan menyelaraskan pendekatan ’client and service’ antara pembayar pajak dan pemerintah. Kondisi ini akan memengaruhi semangat individu untuk mematuhi kebijakan dan mencapai tingkat kepatuhan yang tinggi. Oleh karena itu, asumsi bahwa pandangan individu terhadap keadilan dan motivasi untuk mematuhi sistem pajak menjadi tantangan penting dalam merancang kebijakan terhadap wajib pajak orang pribadi. Kata kunci: Pajak Penghasilan Orang Pribadi; Prinsip Keadilan; Moral Wajib Pajak JEL classifications: E63","PeriodicalId":31064,"journal":{"name":"Economics and Finance in Indonesia","volume":"62 1","pages":"59-66"},"PeriodicalIF":0.0,"publicationDate":"2016-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71340339","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}
Laura Grace Gabriella, R. Suryanarayana, Vania Esady
The financial integration in South East Asia has varied over time. This paper focuses on three periods: before, during, and after the global financial crisis in 2008. This paper finds that ASEAN-5 countries have indeed taken a step towards financial integration. While we do not observe any (cointegrating) long-run relationships between the ASEAN-5 countries, we find that there has been a significant increase in the volatility spillovers between them. This is particularly true in the recovery period following the global financial crisis.
{"title":"Financial Integration in ASEAN-5","authors":"Laura Grace Gabriella, R. Suryanarayana, Vania Esady","doi":"10.7454/EFI.V62I1.522","DOIUrl":"https://doi.org/10.7454/EFI.V62I1.522","url":null,"abstract":"The financial integration in South East Asia has varied over time. This paper focuses on three periods: before, during, and after the global financial crisis in 2008. This paper finds that ASEAN-5 countries have indeed taken a step towards financial integration. While we do not observe any (cointegrating) long-run relationships between the ASEAN-5 countries, we find that there has been a significant increase in the volatility spillovers between them. This is particularly true in the recovery period following the global financial crisis.","PeriodicalId":31064,"journal":{"name":"Economics and Finance in Indonesia","volume":"62 1","pages":"44-58"},"PeriodicalIF":0.0,"publicationDate":"2016-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71340330","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}
C. G. Qori’ah, M. Ridwan, A. Wardhono, Ika Nurjannah
The aim of this study is to determine the level of concentration and competition behavior of conventional commercial banks in the national banking industry. This study focuses on descriptive analysis and quantitative analysis using panel data regression for 9 conventional commercial banks during 2003â2014. Results of eclectic analysis are supposed that behavior of banks is less competitive due to high levels of concentration in the banking industry. While the results of panel data regression show that the variables of bank interest expense, operating expense, other operating incomes and variable of loanable funds significantly affect the income of conventional banks.
{"title":"Determination of Competition Conventional Bank in Banking Industry in Indonesia","authors":"C. G. Qori’ah, M. Ridwan, A. Wardhono, Ika Nurjannah","doi":"10.7454/EFI.V62I1.520","DOIUrl":"https://doi.org/10.7454/EFI.V62I1.520","url":null,"abstract":"The aim of this study is to determine the level of concentration and competition behavior of conventional commercial banks in the national banking industry. This study focuses on descriptive analysis and quantitative analysis using panel data regression for 9 conventional commercial banks during 2003â2014. Results of eclectic analysis are supposed that behavior of banks is less competitive due to high levels of concentration in the banking industry. While the results of panel data regression show that the variables of bank interest expense, operating expense, other operating incomes and variable of loanable funds significantly affect the income of conventional banks.","PeriodicalId":31064,"journal":{"name":"Economics and Finance in Indonesia","volume":"62 1","pages":"17-29"},"PeriodicalIF":0.0,"publicationDate":"2016-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71340315","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}
Reducing imbalances of development progress across regions is one of important policy agenda Indonesia. This paper examines the impact of policy that assign lagging-region status namely status daerah tertinggal (DT) on poverty rate and poverty gap among districts in Indonesia in the two period of SBY presidency. The panel data fixed effect combined with propensity score matching is used to tackle the selection bias due to the nature of the policy, unobserved heterogeneity and omitted variable bias. The results show that the lagging-region status that was aimed to mainstream central and district’s budget toward lagging regions statistically significant reduces poverty rate and poverty gap in the period. The DT status, on average is associated with 0.75 percentage point of reduction in the poverty rate and 7% reduction in the poverty gap index.
{"title":"The Impact of Lagging-Region Status on District Poverty in Indonesia","authors":"Rus’an Nasrudin","doi":"10.7454/EFI.V62I1.521","DOIUrl":"https://doi.org/10.7454/EFI.V62I1.521","url":null,"abstract":"Reducing imbalances of development progress across regions is one of important policy agenda Indonesia. This paper examines the impact of policy that assign lagging-region status namely status daerah tertinggal (DT) on poverty rate and poverty gap among districts in Indonesia in the two period of SBY presidency. The panel data fixed effect combined with propensity score matching is used to tackle the selection bias due to the nature of the policy, unobserved heterogeneity and omitted variable bias. The results show that the lagging-region status that was aimed to mainstream central and district’s budget toward lagging regions statistically significant reduces poverty rate and poverty gap in the period. The DT status, on average is associated with 0.75 percentage point of reduction in the poverty rate and 7% reduction in the poverty gap index.","PeriodicalId":31064,"journal":{"name":"Economics and Finance in Indonesia","volume":"62 1","pages":"30-43"},"PeriodicalIF":0.0,"publicationDate":"2016-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71340323","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}
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.
{"title":"Unequal Impact of Price Changes in Indonesia","authors":"Rulyusa Pratikto, M. Ikhsan, B. Mahi","doi":"10.7454/EFI.V61I3.511","DOIUrl":"https://doi.org/10.7454/EFI.V61I3.511","url":null,"abstract":"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.","PeriodicalId":31064,"journal":{"name":"Economics and Finance in Indonesia","volume":"28 1","pages":"180-195"},"PeriodicalIF":0.0,"publicationDate":"2015-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71340223","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}
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.
{"title":"Determinants of Firm Innovation in Indonesia: The Role of Institutions and Access to Finance","authors":"Edo Mahendra, U. Zuhdi, R. Muyanto","doi":"10.7454/EFI.V61I3.512","DOIUrl":"https://doi.org/10.7454/EFI.V61I3.512","url":null,"abstract":"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.","PeriodicalId":31064,"journal":{"name":"Economics and Finance in Indonesia","volume":"32 1","pages":"149-179"},"PeriodicalIF":0.0,"publicationDate":"2015-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71340261","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}
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