To address economic crisis and promote domestic economy to re-grow, Japanese government has launched Abenomics stimulus package in January 2013 to be disbursed during period 2013-2014. This study is focused and limited to analyze the impact of Abenomics policy on Japanese GDP and its transmission effect to Indonesian GDP. This study employs quantitative analysis method, completed with descriptive analysis based on historical data and relevant literatures. Main findings from this study are Abenomics will spur Japanese GDP positively by 2,37% in 2013 and by 2,79% in 2014. Spillover effect from Japanese demand shock will bring the biggest impact on the main partner of Asian and Oceania countries, including Indonesia. Indonesia will receive additional positive impact on its growth in 2013-2014 and substractive negative impact during 2015 to early 2017, before bounce back to positive zone in the second quarter 2017 to year 2018.
{"title":"Japanese Abenomics Stimulus Policy: The Impact on Indonesian and Japanese Economy","authors":"Sigit Setiawan","doi":"10.31685/KEK.V18I2.48","DOIUrl":"https://doi.org/10.31685/KEK.V18I2.48","url":null,"abstract":"To address economic crisis and promote domestic economy to re-grow, Japanese government has launched Abenomics stimulus package in January 2013 to be disbursed during period 2013-2014. This study is focused and limited to analyze the impact of Abenomics policy on Japanese GDP and its transmission effect to Indonesian GDP. This study employs quantitative analysis method, completed with descriptive analysis based on historical data and relevant literatures. Main findings from this study are Abenomics will spur Japanese GDP positively by 2,37% in 2013 and by 2,79% in 2014. Spillover effect from Japanese demand shock will bring the biggest impact on the main partner of Asian and Oceania countries, including Indonesia. Indonesia will receive additional positive impact on its growth in 2013-2014 and substractive negative impact during 2015 to early 2017, before bounce back to positive zone in the second quarter 2017 to year 2018.","PeriodicalId":426920,"journal":{"name":"Kajian Ekonomi dan Keuangan","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-11-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127933779","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}
Premises as a country that is being build, requiring electrical energy very much. It is therefore necessary for the utilization of various sources of insufficiency. During this energy from fossil sources dominate the national energy needs. But this fossil energy sources will eventually run out. So that the necessary renewable energy, among other things of geothermal energy. This energy is in addition to friendly neighborhood also has a reserve that very much. Recorded 26 percent of world geothermal energy in Indonesia. However, until recently the development of new geothermal energy range from 4 percent The main obstacle is the issue of investment is still limited, as well as policy and institutional reforms to increase investment. It is therefore necessary to revitalize geothermal energy investments through several fiscal and non fiscal incentives in the form of investment attraction such as the selling price of electricity energy geothermal interest. Current selling price of geothermal electrical energy for U.S. $ 0.97. This needs to be re-evaluated, in order to attract investors in geothermal development in Indonesia.
{"title":"REVITALISASI INVESTASI PENGEMBANGAN ENERGI PANAS BUMI DI INDONESIA","authors":"Ragimun Ragimun","doi":"10.31685/KEK.V17I1.33","DOIUrl":"https://doi.org/10.31685/KEK.V17I1.33","url":null,"abstract":"Premises as a country that is being build, requiring electrical energy very much. It is therefore necessary for the utilization of various sources of insufficiency. During this energy from fossil sources dominate the national energy needs. But this fossil energy sources will eventually run out. So that the necessary renewable energy, among other things of geothermal energy. This energy is in addition to friendly neighborhood also has a reserve that very much. Recorded 26 percent of world geothermal energy in Indonesia. However, until recently the development of new geothermal energy range from 4 percent The main obstacle is the issue of investment is still limited, as well as policy and institutional reforms to increase investment. It is therefore necessary to revitalize geothermal energy investments through several fiscal and non fiscal incentives in the form of investment attraction such as the selling price of electricity energy geothermal interest. Current selling price of geothermal electrical energy for U.S. $ 0.97. This needs to be re-evaluated, in order to attract investors in geothermal development in Indonesia.","PeriodicalId":426920,"journal":{"name":"Kajian Ekonomi dan Keuangan","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-11-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127890096","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}
Tulisan Ilniiah ini menyajikan kerangka analisis untuk menjawab permasalahan bagaimana meningkatkan peran Hutan Tanaman Rakyat atau HTR dalam mengembangkan kapasitas domestik, Kerangka Analisis ini menyajikan analisis SWOT berasarkan data kwalitatif dan kwantitatif yang mengekplorasi perkembangan kebijakan, sumber pembiayaan dan perkembangan HTRTujuan utama penelitian ini adalah menformulasikan konsep kebijakan pembiayaan yang inovatif dengan menganalis posisi strategi pengembangan kebijakan. Konsep ini merupakan pilihan kebijakan berdasarkan implikasi strategi antara lain: ij menggunakan kekuatan dan kelemahan dalam memanfatkankan peluang, dan ii] strategi menggunakan kekuatan dan kelemahan dalam mengatasi ancaman.Peluang yang harus dimanfaatkan untuk pengembangan HTR adalah kelangkaan pasokan kayu dari hutan primer,dan komitmen pemerintah untuk mendukung HTR. Sementara identikasi faktor eksternal kekuatan antara lain-lainya kawasan hutan yang terdegradasi untuk menjadi areal HTR, banyaknya UMKM yang berdomisili disekitarnya. Sedangkan strategi yang harus dilaksanakan antara lain: i) mempercepat pembangunan HTR dengan membuka kendala yakni perijinan dan pembiayaan HTR.
{"title":"ANALISIS PENGEMBANGAN KEBIJAKAN HUTAN TANAMAN RAKYAT SEBAGAI PENDORONG PERTUMBUHAN EKONOMI","authors":"Noeroso Loeloes Wahyudi","doi":"10.31685/KEK.V16I2.45","DOIUrl":"https://doi.org/10.31685/KEK.V16I2.45","url":null,"abstract":"Tulisan Ilniiah ini menyajikan kerangka analisis untuk menjawab permasalahan bagaimana meningkatkan peran Hutan Tanaman Rakyat atau HTR dalam mengembangkan kapasitas domestik, Kerangka Analisis ini menyajikan analisis SWOT berasarkan data kwalitatif dan kwantitatif yang mengekplorasi perkembangan kebijakan, sumber pembiayaan dan perkembangan HTRTujuan utama penelitian ini adalah menformulasikan konsep kebijakan pembiayaan yang inovatif dengan menganalis posisi strategi pengembangan kebijakan. Konsep ini merupakan pilihan kebijakan berdasarkan implikasi strategi antara lain: ij menggunakan kekuatan dan kelemahan dalam memanfatkankan peluang, dan ii] strategi menggunakan kekuatan dan kelemahan dalam mengatasi ancaman.Peluang yang harus dimanfaatkan untuk pengembangan HTR adalah kelangkaan pasokan kayu dari hutan primer,dan komitmen pemerintah untuk mendukung HTR. Sementara identikasi faktor eksternal kekuatan antara lain-lainya kawasan hutan yang terdegradasi untuk menjadi areal HTR, banyaknya UMKM yang berdomisili disekitarnya. Sedangkan strategi yang harus dilaksanakan antara lain: i) mempercepat pembangunan HTR dengan membuka kendala yakni perijinan dan pembiayaan HTR.","PeriodicalId":426920,"journal":{"name":"Kajian Ekonomi dan Keuangan","volume":"86 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-11-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134473845","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}
One tool used for strategic performance management in the public sector organisations is the Balanced Scorecard (BSC) approach. The BSC can assist the definition of comprehensive strategic objectives, better key performance indicators and improved organisational performance outcomes. The BSC system not only promotes synergy and alignment of strategies among that of departmental and functional units, but also it promotes strategic communication for decision-makers to sustain high organisational performance outcomes. Based on the leadership accountability framework as a means to analyse the process of improving and sustaining public sector performance outcomes, this study also found that four key elements contributed to the successful implementation of the BSC to improve and sustain public sector performance: leadership effectiveness, strategy and HRM "fit' management, balanced performance management system and performance governance. Moreover, the research supported the hypothesis that strategic leadership is a necessary condition for the implementation of new and complex performance management tools in the Indonesian public service and for sustaining the performance improvements created by tools such as the BSC.
{"title":"IMPLEMENTING THE BSC APPROACH IN RESPONSE TO STRUCTURAL POLICY CHALLENGES IN INDONESIA: A CASE STUDY OF THE MINISTRY OF FINANCE'S LEADERSHIP PERSPECTIVES","authors":"A. Budiarso","doi":"10.31685/KEK.V17I3.17","DOIUrl":"https://doi.org/10.31685/KEK.V17I3.17","url":null,"abstract":"One tool used for strategic performance management in the public sector organisations is the Balanced Scorecard (BSC) approach. The BSC can assist the definition of comprehensive strategic objectives, better key performance indicators and improved organisational performance outcomes. The BSC system not only promotes synergy and alignment of strategies among that of departmental and functional units, but also it promotes strategic communication for decision-makers to sustain high organisational performance outcomes. Based on the leadership accountability framework as a means to analyse the process of improving and sustaining public sector performance outcomes, this study also found that four key elements contributed to the successful implementation of the BSC to improve and sustain public sector performance: leadership effectiveness, strategy and HRM \"fit' management, balanced performance management system and performance governance. Moreover, the research supported the hypothesis that strategic leadership is a necessary condition for the implementation of new and complex performance management tools in the Indonesian public service and for sustaining the performance improvements created by tools such as the BSC.","PeriodicalId":426920,"journal":{"name":"Kajian Ekonomi dan Keuangan","volume":"87 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-11-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133228449","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}
R. M. Manurung, Andriansyah Andriansyah, Bayu Husodo, Ngapon Ngapon
This paper summarizes the results of the last three years of research conducted by the Economic Research Division of the Indonesia Capital Market and Financial Institution Supervisory Agency (Bapepam-LK). The main topic of the research is related to the role of the capital market in the Indonesian economy, especially its role as the source of financing for business and as the alternative of investment for investors. The studies on the cost of disclosure, the use of IPO proceeds and the role of foreign investors will have special emphasizes.
{"title":"PASAR MODAL DAN PEREKONOMIAN INDONESIA: BIAYA KETERBUKAAN, PENGUNAAN DANA HASIL PENAWARAN UMUM, DAN PERAN PEMODAL ASING","authors":"R. M. Manurung, Andriansyah Andriansyah, Bayu Husodo, Ngapon Ngapon","doi":"10.31685/KEK.V16I1.26","DOIUrl":"https://doi.org/10.31685/KEK.V16I1.26","url":null,"abstract":"This paper summarizes the results of the last three years of research conducted by the Economic Research Division of the Indonesia Capital Market and Financial Institution Supervisory Agency (Bapepam-LK). The main topic of the research is related to the role of the capital market in the Indonesian economy, especially its role as the source of financing for business and as the alternative of investment for investors. The studies on the cost of disclosure, the use of IPO proceeds and the role of foreign investors will have special emphasizes.","PeriodicalId":426920,"journal":{"name":"Kajian Ekonomi dan Keuangan","volume":"214 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-11-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115503652","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}
Over the past few years, environmental issues have became a major policy agenda in developed and developing countries. The government has some alternative policies that can be used as a form of the intervention either to play the role of market-based policies and government regulations as well as other options. In this context, the Government of Indonesia already issued Presidential Decree No. 61 Year 2011 on National Action Plan for Reducing Greenhouse Gas Emissions (RAN-GRK). Based on this document, financial source for climate change (PI) and also protection, preservation of the environment (PPLH) mainly comes from the state budget, local budget, private sector, and other sources legalized by regulations. Unfortunately, the capacity for this obligation is still constrained. For this reason, public funding must be able to cooperate with the private fundingr in order to leverage the capacity. Regarding this matter, the flexibility for the allocation of state budget/local budget is not easy, due several reasons. One of that reason is the lack of policy meanstreaming PPLH the PI on the budgeting systems, the nature of the management PI and PPLH and also lack of awareness from many stakeholders. By using descriptive analysis method, this paper tries to answer these issues from the variety of scenarios, especially in the sphere of government planning and budgeting policy.
{"title":"Study for Mainstreaming Environmental and Climate Change Policy On The Development Planning Agenda in Indonesia","authors":"J. Haryanto, A. Nurkholis","doi":"10.31685/kek.v18i3.18","DOIUrl":"https://doi.org/10.31685/kek.v18i3.18","url":null,"abstract":"Over the past few years, environmental issues have became a major policy agenda in developed and developing countries. The government has some alternative policies that can be used as a form of the intervention either to play the role of market-based policies and government regulations as well as other options. In this context, the Government of Indonesia already issued Presidential Decree No. 61 Year 2011 on National Action Plan for Reducing Greenhouse Gas Emissions (RAN-GRK). Based on this document, financial source for climate change (PI) and also protection, preservation of the environment (PPLH) mainly comes from the state budget, local budget, private sector, and other sources legalized by regulations. Unfortunately, the capacity for this obligation is still constrained. For this reason, public funding must be able to cooperate with the private fundingr in order to leverage the capacity. Regarding this matter, the flexibility for the allocation of state budget/local budget is not easy, due several reasons. One of that reason is the lack of policy meanstreaming PPLH the PI on the budgeting systems, the nature of the management PI and PPLH and also lack of awareness from many stakeholders. By using descriptive analysis method, this paper tries to answer these issues from the variety of scenarios, especially in the sphere of government planning and budgeting policy.","PeriodicalId":426920,"journal":{"name":"Kajian Ekonomi dan Keuangan","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-11-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116237109","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 loan guarantee is awarded to viable MSMEs businesses (feasible) but they are not qualified to access credit/financing from banks (nonbankable). The implementation of the micro credit program involves three parties, namely the government, corporate underwriters, and banking. Results of this study is that the position of the government as the representative of the state in the context of business contracts included in the public legal action. Furthermore, public expenditure charged to the budget of income and expenditure (budget) in the form of state capital participation (PMN) and underwriting compensation (IJP) cause the transformation of the juridical laws from the state finances as public finance to privat finance of other legal entity. Fiscal risk would occur if the IJP increased funding requirements and the addition of PMN in guarantor state-owned enterprises (SOEs) are not sufficient so that resulting in the addition of a greater allocation of funds from the state budget. Under the provisions of the legislation of social welfare, fiscal risk status is a consequence of the law of state responsibility which has value, given the weighting of fiscal risk that promotes the interests and welfare of the community.
{"title":"The MSME's Loan Guarantee through KUR Program Implementation Create Fiscal Risk","authors":"Akhmad Yasin","doi":"10.31685/kek.v18i1.35","DOIUrl":"https://doi.org/10.31685/kek.v18i1.35","url":null,"abstract":"This loan guarantee is awarded to viable MSMEs businesses (feasible) but they are not qualified to access credit/financing from banks (nonbankable). The implementation of the micro credit program involves three parties, namely the government, corporate underwriters, and banking. Results of this study is that the position of the government as the representative of the state in the context of business contracts included in the public legal action. Furthermore, public expenditure charged to the budget of income and expenditure (budget) in the form of state capital participation (PMN) and underwriting compensation (IJP) cause the transformation of the juridical laws from the state finances as public finance to privat finance of other legal entity. Fiscal risk would occur if the IJP increased funding requirements and the addition of PMN in guarantor state-owned enterprises (SOEs) are not sufficient so that resulting in the addition of a greater allocation of funds from the state budget. Under the provisions of the legislation of social welfare, fiscal risk status is a consequence of the law of state responsibility which has value, given the weighting of fiscal risk that promotes the interests and welfare of the community.","PeriodicalId":426920,"journal":{"name":"Kajian Ekonomi dan Keuangan","volume":"97 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-11-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133835391","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 analyzes the impact of implementation of ad valorem , hybrid and specific excise system periods to tobacco price. The main hypothesis HO i.e. there is no difference impact of implementation of ad valorem , hybrid and specific system period to the price. The research question is to answer what fraction of excise is passed on to consumers in each excise systems period and which one of excise system periods has the greatest negative impact on price, which is important to know, when country makes choice on appropriate excise system policy in order to reform their excise system for tobacco control. Monthly data production from 2005-2010 is explored in order to estimate tax incidence in Indonesia. In this period Indonesia has implemented ad valorem , hybrid and specific excise system consecutively. With brands consumption data in Indonesia, the model analyzes by including burden of excise in each excise system in the model. The estimation result of tax incidence model indicates that during government implement specific excise system, the impact of increasing excise is relative higher to the price.
{"title":"Impact of Excise to Retail Price of Cigarettes Case Study of Excise System Comparison in Indonesia for the Period of2005-2010","authors":"Nasruddin Djoko Surjono","doi":"10.31685/KEK.V17I3.12","DOIUrl":"https://doi.org/10.31685/KEK.V17I3.12","url":null,"abstract":"This paper analyzes the impact of implementation of ad valorem , hybrid and specific excise system periods to tobacco price. The main hypothesis HO i.e. there is no difference impact of implementation of ad valorem , hybrid and specific system period to the price. The research question is to answer what fraction of excise is passed on to consumers in each excise systems period and which one of excise system periods has the greatest negative impact on price, which is important to know, when country makes choice on appropriate excise system policy in order to reform their excise system for tobacco control. Monthly data production from 2005-2010 is explored in order to estimate tax incidence in Indonesia. In this period Indonesia has implemented ad valorem , hybrid and specific excise system consecutively. With brands consumption data in Indonesia, the model analyzes by including burden of excise in each excise system in the model. The estimation result of tax incidence model indicates that during government implement specific excise system, the impact of increasing excise is relative higher to the price.","PeriodicalId":426920,"journal":{"name":"Kajian Ekonomi dan Keuangan","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-11-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125094176","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}
Subsidi yang sering dianggap distorsi dalam perekonomian, sebenarnya juga diperlukan sebagai sarana bagi pemerintah untuk membantu sektor-sektor potensial yang mendapat kesulitan untuk berkembang. Dalam hal Industri TPT yang sempat dipersepsikan sebagai sunset industry, terutama setelah banyaknya kredit macet pasca krisis moneter, sebenarnya menyimpan potensi ekonomi yang besar apabila pertumbuhannya tetap dijaga. Sebagai sektor yang berprestasi dalam menyumbangkan PDB, ekspor nonmigas, penggerak investasi dan penyerap tenaga kerja, ITPT yang saat ini sedang menghadapi problem lemahnya daya saing akibat rendahnya efisiensi produksi layak mendapat bantuan dari pemerintah melalui subsidi langsung yang ditransmisikan dengan tepat.
{"title":"Program Restrukturisasi Mesin Industri Tekstil dan Produk Tekstil Indonesia: Sebuah Studi Kasus Kebijakan Subsidi Pemerintah","authors":"M. Hermawan","doi":"10.31685/KEK.V13I1.82","DOIUrl":"https://doi.org/10.31685/KEK.V13I1.82","url":null,"abstract":"Subsidi yang sering dianggap distorsi dalam perekonomian, sebenarnya juga diperlukan sebagai sarana bagi pemerintah untuk membantu sektor-sektor potensial yang mendapat kesulitan untuk berkembang. Dalam hal Industri TPT yang sempat dipersepsikan sebagai sunset industry, terutama setelah banyaknya kredit macet pasca krisis moneter, sebenarnya menyimpan potensi ekonomi yang besar apabila pertumbuhannya tetap dijaga. Sebagai sektor yang berprestasi dalam menyumbangkan PDB, ekspor nonmigas, penggerak investasi dan penyerap tenaga kerja, ITPT yang saat ini sedang menghadapi problem lemahnya daya saing akibat rendahnya efisiensi produksi layak mendapat bantuan dari pemerintah melalui subsidi langsung yang ditransmisikan dengan tepat.","PeriodicalId":426920,"journal":{"name":"Kajian Ekonomi dan Keuangan","volume":"96 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-11-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128727319","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}
It has been more than three decades that the government provided subsidized fuel. The cheap fuel price leads to consumption of the fuel increase. Although the government has implemented some policies, subsidy on fuel remains hike in the budget. Therefore, by issuing MEMR Regulation on Control of Fuel Consumption, the government implement control policy of subsidized fuel consumption on official vehicles and others. The goals of the policy are to control of the subsidy through reducing the use of low-quality fuel (RON 88). Refer to the above illustration, this paper aims to describe the effectiveness of the policy and to propose policy recommendations to be effective. To measure effectiveness of the policy, this paper uses paired t test. The tool to know whether a significant difference on subsidized and non subsidized fuel sales between before and after the policy implemented. Based on the results, it can be concluded that the policy is not effective. To be effective, it is proposed as follows (1) there is adequate fuel cost allocation for each official vehicle, (2) optimization of the vehicle’s benefit, (3) the policy needs strong monitoring system, and (4) there is sanction for those who violate the policy.
{"title":"The Effectiveness of Control Policy of Subsidized Fuel Consumption in Java-Bali","authors":"Praptono Djunedi","doi":"10.31685/KEK.V18I3.28","DOIUrl":"https://doi.org/10.31685/KEK.V18I3.28","url":null,"abstract":"It has been more than three decades that the government provided subsidized fuel. The cheap fuel price leads to consumption of the fuel increase. Although the government has implemented some policies, subsidy on fuel remains hike in the budget. Therefore, by issuing MEMR Regulation on Control of Fuel Consumption, the government implement control policy of subsidized fuel consumption on official vehicles and others. The goals of the policy are to control of the subsidy through reducing the use of low-quality fuel (RON 88). Refer to the above illustration, this paper aims to describe the effectiveness of the policy and to propose policy recommendations to be effective. To measure effectiveness of the policy, this paper uses paired t test. The tool to know whether a significant difference on subsidized and non subsidized fuel sales between before and after the policy implemented. Based on the results, it can be concluded that the policy is not effective. To be effective, it is proposed as follows (1) there is adequate fuel cost allocation for each official vehicle, (2) optimization of the vehicle’s benefit, (3) the policy needs strong monitoring system, and (4) there is sanction for those who violate the policy.","PeriodicalId":426920,"journal":{"name":"Kajian Ekonomi dan Keuangan","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-11-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131741280","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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