scholarly journals Indonesian Government Policy in Mitigating Economic Risks due to the Impact of the Covid-19 Outbreak

2020 ◽  
Vol 1 (4) ◽  
pp. 577-590
Author(s):  
Umi Khaerah Pati

Covid-19 pandemic have a negative impact on economies globally, including in Indonesia. The disease is advancing at great speed since the first Indonesian patient was referred to the hospital due to confirmed covid-19 (26 February 2020) until on 15 June 2019 there have been 50,187 patients infected. Several government policies have been implemented by regarding the economic sector as a main concern to prevent the breaking of the Indonesian economic chain. To anticipate, March 31, 2020 Indonesian President signed Government Regulation No. 21 of 2020, which regulates the implementation of PSBB (Large-Scale Social Restrictions), yet economic growth in the first quarter of 2020 showed a declining performance at 2.97 percent on 17 April 2020. Bank Indonesia views the level of the Rupiah exchange rate as fundamentally "undervalued". The objective of this paper is, therefore, to overview the negative impact of the covid-19 outbreak on the Indonesian economy and the policies implemented by the government to mitigate the economic risks. Moreover this article is a normative economic analysis on the basis of secondary data, this study found that Indonesia is facing up an economic domino effect of covid-19 and  Bank of Indonesia (BI) has taken several steps by strengthens policy coordination with the government and other authorities to stabilize the rupiah exchange rate and mitigate the impact of Covid-19 risk on the domestic economy.

2020 ◽  
Vol 2 (4) ◽  
pp. 443
Author(s):  
Muhammad Adib ◽  
Sri Kusriyah Kusriyah ◽  
Siti Rodhiyah Dwi Istinah

Government Regulation No. 53 of 2010 regarding the discipline of the Civil Servant loading obligations, prohibitions, and disciplinary action which could be taken to the Civil Servant who has been convicted of the offense, is intended to foster a Civil Servant who has committed an offense, the form of disciplinary punishment is mild, moderate, and weight. Disciplinary punishment for the Civil Servant under Government Regulation No. 53 of 2010 Concerning the Discipline of Civil Servants. The formulation of this journal issue contains about how the process of disciplinary punishment, and constraints and efforts to overcome the impact of the Civil Servant disciplinary punishment in Government of Demak regency. The approach used in this study is a sociological juridical approach or juridical empirical, that is an approach that examines secondary data first and then proceed to conduct research in the field of primary data normative. The process of giving disciplinary sanctions for State Civil Apparatus in Government of Demak regency begins with the examination conducted by the immediate supervisor referred to in the legislation governing the authority of appointment, transfer and dismissal of civil servants. The results showed that in general the process of sanctioning / disciplinary punishment of civil servants in the Government of Demak be said to be good and there have been compliance with the existing regulations / applied in Government Regulation No. 53 of 2010, although it encountered the competent authorities judge still apply tolerance against the employee, but also a positive impact among their deterrent good not to repeat the same offense or one level higher than before either the Civil Servant concerned or the other. Obstacles in carrying out disciplinary punishment in Government of Demak regency environment is still low awareness of employees to do and be disciplined in performing the tasks for instance delays incoming work, lack of regulatory discipline, lack of supervision system and any violations of employee discipline. There must be constraints to overcome need for cooperation with other stakeholders comprising Inspectorate, BKPP, and the immediate superior civil servants in this way can be mutually reinforcing mutual communication, consultation, coordination so that if later there is a problem in the future could be accounted for.Keywords: Delivery of Disciplinary Sanctions; Civil Servant; Government Regulation No. 53 of 2010.


2016 ◽  
Vol 4 (2) ◽  
pp. 61
Author(s):  
MSc. Jeton Zogjani ◽  
Dr.Sc. Myrvete Badivuku-Pantina

In this research paper the role and impact of remittances on the economic growth of Kosovo in the recent years (2008 - 2013) through remittances, inflation rate, real effective exchange rate (REER) as independent variables and economic growth as depend variable is analyzed. The secondary data are used which are taken from international and domestic institutions which are analyzed through STATA software (an econometric and statistical program).The reason for writing is that in 2013 the total value of remittances in Kosovo was 620.8 million € and in 2011 Kosovo was among the top 10 countries with the highest level of remittances. The main arguments used in this research paper are: how do remittances affect in overall the economy? What is the impact of remittances on businesses? How do we use it for family consumption? In the research methodology are used secondary data and all of them are analyzed by STATA software which helps in calculation of OLS method of regression, descriptive statistic and correlation matrix.Also this paper research findings show us that if we refer to the result of variables that are included in the paper though OLS methods, the remittances (β1= - 0.017) and the exchange rate (β3= - 0.322) have negative impact and nonsignificant (T < 2) effect on economic growth but the inflation rate has positive (β2= 0.245) and significant (T > 2) effect on economic growth and the coefficient of determination (R²) is 84% then the coefficient of Durbin Watson Statistic (DW) is 2.11, it means there is no autocorrelation.


1970 ◽  
Vol 21 (2) ◽  
pp. 187-198
Author(s):  
Serlika Aprita ◽  
Lilies Anisah

The Covid-19 pandemic was taking place in almost all countries around the world. Along with the increasingly vigorous government strategy in tackling the spread of the corona virus that was still endemic until now, the government had started to enforce the Large-Scale Social Restrictions (PSBB) with the signing of Government Regulation (PP) No. 21 of 2020 about PSBB which was considered able to accelerate countermeasures while preventing the spread of corona that was increasingly widespread in Indonesia. The research method used was normative prescriptive. The government put forward the principle of the state as a problem solver. The government minimized the use of region errors as legitimacy to decentralization. The government should facilitated regional best practices in handling the pandemic. Thus, the pandemic can be handled more effectively. The consideration, the region had special needs which were not always accommodated in national policies. The government policy should be able to encourage the birth of regional innovations in handling the pandemic as a form of fulfilling human rights in the field of health. Innovation was useful in getting around the limitations and differences in the context of each region. In principle, decentralization required positive incentives, not penalties. Therefore, incentive-based central policies were more awaited in handling and minimizing the impact of the pandemic.    


2018 ◽  
Vol 12 (1) ◽  
pp. 1-20
Author(s):  
Septika Tri Ardiyanti ◽  
Ayu Sinta Saputri

Kajian ini bertujuan untuk menganalisis dampak kebijakan non tarif terhadap ekspor udang dan olahannya dari Indonesia. Untuk mengetahui dampak NTM terhadap ekspor, studi ini menggunakan gravity model dengan panel data. Variabel yang digunakan antara lain volume ekspor udang dan olahannya, PDB negara tujuan ekspor, nilai tukar riil, jarak ekonomi, tarif bea masuk dan variabel NTM berupa SPS dan TBT. Kajian ini menunjukkan bahwa NTM memiliki pengaruh negatif terhadap ekspor udang dan olahan udang nasional. Pengenaan TBT di negara tujuan ekspor memiliki dampak negatif yang lebih besar dibandingkan dengan SPS. Volume ekspor udang dan olahan ke negara mitra yang menerapkan TBT 30,2% lebih rendah dibandingkan dengan negara yang tidak menerapkan TBT, sementara ekspor ke negara dengan SPS 21,3% lebih rendah dibandingkan dengan negara yang tidak menerapkan SPS. Hal tersebut menunjukkan bahwa Indonesia belum mampu untuk memenuhi standar dan persyaratan impor yang diterapkan di negara tujuan ekspor. Dengan demikian, pemerintah diharapkan dapat memberikan bantuan bagi para eksportir udang dengan memberikan bantuan informasi pasar serta regulasi yang berlaku di negara tujuan ekspor. Selain itu, pemerintah juga perlu untuk memberikan dukungan sehingga eksportir dapat memenuhi standar dan persyaratan yang berlaku di negara tujuan ekspor. This study aims to analyze the impact of non-tariff policy on shrimp and processed shrimp in Indonesia. To analyze the impact of NTM on Indonesia's shrimp export, this study uses gravity model with panel data. Variables used are export volume of Indonesia’s shrimp and processed shrimp, GDP of export destination countries, real exchange rate, economic distance, import duty and NTM variables (SPS and TBT). This study shows that NTM has  negative impact on shrimp exports. The imposition of TBT in export destination countries has a greater negative impact  on shrimp export c than SPS. The shrimp export volume to the partner countries appliying TBT is 30,2% lower than countries that not applying TBT, while exports to cpuntries imposing SPs is 21,3% lower than countries without SPS. This fact indicates that Indonesia’s exporters has not been able to meet standards and requirements applied by export destination countries. Therefore, the government is expected to provide assistance to the exporters by providing market information, regulation and requirements in export destination country. In addition, the government also needs to provide support so that exporters could meet the standards and requirements applied by export destination countries.


2021 ◽  
Vol 1 (1) ◽  
pp. 17-19
Author(s):  
Sutraning Nurahmi ◽  
Lili Zalizar

The contagious COVID-19 spreads rapidly worldwide. The pandemic poses risks to multiple sectors of the world economy, including the agricultural and livestock sectors. Despite the economic potential of the broiler farm business, indicated by its increasing broiler population, production, and public consumption, the large-scale social restrictions imposed by the government as an effort to mitigate the pandemic spread has decreased the demand for and supply of broiler meat. This current study is aimed at obtaining an overview of the impact that the COVID-19 pandemic has on the broiler farm business in Malang Regency. The data of this qualitative descriptive study were collected by means of interviews, personal documentation, and other supporting documents. Sampling was carried out using a stratified random sampling technique as the broiler population was non-homogenous and stratified.The broiler population was divided into two groups: 1) less than 5,000 heads broiler-population; and 2) more than 5,000 heads broiler-population. The study results showed that the negative impact caused by the pandemic on the broiler farm business include declines in the broiler meat selling prices, farmers’ income, and broiler population. The decline in selling prices is caused by the broiler supply demand imbalance and changes in the public consumption patterns during the pandemic, favouring food ingredients with longer durability. The farmers’ income decline occurs as a result of the dropping price of live broilers combined with the extra costs that the farmers have to spend to keep the business operating during the pandemic. Finally, the decline in broiler population takes place because of chick-in cancellation to suppress excess supply at the following harvest period. The broiler population restriction controls are conducted in order to regulate prices at the consumer level.


2020 ◽  
Vol 2 (3) ◽  
Author(s):  
Ada Tua Pardamean

The trade-off between achieving price stability and economic growth, especially in the short term is the impact of a decision-making dilemma for the conduct of fiscal policy or monetary policy in the Indonesian economy. The problem is what lies behind this study and aimed to determine the impact of fiscal and monetary policies on the Indonesian economy. The data used are secondary data sourced from Bank Indonesia and BPS variables namely GDP, Government Expenditure, Tax Revenue, Export, Exchange Rate, Money Supply, Interest Rates for time series from 2000 to 2012. Data analysis was performed using Two Stage Least Squares (TSLS) estimation with multiple linear regression models using Eviews 5.0 program assistance. The results of this study it can be concluded that the simultaneous equation model on IS to variable Interest Rate and a significant negative effect on GDP of Indonesia, while the Government Expenditure variable (G0), Export (X0) and Tax Revenue (Tx) and Exchange Rate (ER) effect positively and significantly to Indonesia's GDP, while the equation for the LM model of the Money Supply variables significantly and negatively related to Indonesia's GDP increased at a rate statistically a = 10% and for variable interest rate is not significantly to Indonesia's GDP.


2020 ◽  
Vol 66 (7) ◽  
pp. 3211-3233
Author(s):  
Ping Xiao ◽  
Ruli Xiao ◽  
Yitian (Sky) Liang ◽  
Xinlei (Jack) Chen ◽  
Wei Lu

Rural consumers may face not only the challenge of affordability but also the problem of limited accessibility. Can a government’s subsidy program effectively address these issues? This paper examines the impact of a large-scale subsidy program, “Household electrical appliances going to the countryside,” offered by the Chinese government. The government regulation imposes a price subsidy combined with a price ceiling on products in the program. We consider two effects of the subsidy: the retail price is lowered to make the product more affordable to consumers, and manufacturers are encouraged to expand their distribution coverage to make products more accessible to consumers. We build a dynamic model of oligopoly to study how firms adjust their distribution coverage. Conditional on the model estimates, we evaluate the program’s effects on social welfare, consumer surplus, and firms’ market performance and marketing channel decisions through counterfactual analyses. We find that the subsidy program increases social welfare by CNY 0.209 billion, as a result of a subsidy expense of CNY 0.236 billion. When breaking down the impact, we find it increases consumer surplus by CNY 0.184 billion (50%), manufacturers’ profits by CNY 0.125 billion (53%), and manufacturers’ payoffs by CNY 2.5 million (17%). Specifically, 14% (13.2%) of the consumer surplus (firm profit) increases are from changes in distribution coverage, and the rest is from the subsidy (price changes). The program’s return of investment (i.e., social welfare minus subsidy expense), which is negative, however, could be improved by applying a relatively lower subsidy rate. This paper was accepted by Juanjuan Zhang, marketing.


2021 ◽  
Vol 10 (1) ◽  
pp. 23-36
Author(s):  
Nugroho Tulus Rahayu ◽  
Harjum Muharam

The Covid-19 pandemic is a global pandemic that has a big impact to conditions of a country. However, in a country, sometimes there is a difference in the influence of the Covid-19 pandemic on one region to another. This study aims to analyze the impact of the Covid-19 pandemic on the economic performance of provinces in Indonesia. The method used in this research is the descriptive statistical method using secondary data from the Central Bureau of Statistics, related ministries, previous research, and other internet sources. The analysis found 1) the Covid-19 pandemic had a negative impact on the variables of economic growth, unemployment, poverty, and inequality; 2) The Covid-19 pandemic affected economic conditions through the implementation of large-scale social restrictions (PSBB) with the consequence of limiting the space/activities of the community so that the economic process was hampered. 3) The Covid 19 pandemic has a greater impact on provinces with high mobility and a high population, where these characteristics are mostly owned by provinces on the island of Java


2020 ◽  
Vol 2 (4) ◽  
pp. 58-67
Author(s):  
Lawali Bello Zoramawa ◽  
Machief Paul Ezekiel ◽  
Aliyu Tukur Kiru

This study examines the impact of the exchange rate, as an important determinant of economic growth in Nigeria between 1980 and 2019. Secondary data was used and sourced from the Central Bank of Nigeria (CBN) Statistical Bulletin 2016. The econometric techniques used in the analysis were: Unit Root Test, Johansen Cointegration Test, and Error Correction Model (ECM). The result revealed that exchange has a positive and statistically significant impact on economic growth at a 5% level of significance. But the result further revealed that economic openness was found to have impacted negatively on economic growth. Based on these findings it was recommended that the government through its monetary authority such as (CBN) should redesign the existing monetary policies to maintain a stable exchange rate. Lastly, since the economic openness hurts economic growth, it is therefore suggested that the government should sustain its current efforts in diversifying the economy in the country and disregard the notion that openness generates economic growth in the country.


2020 ◽  
Vol 8 (`10) ◽  
pp. 266-281
Author(s):  
Hadry Harahap ◽  
B. F. Sihombing ◽  
Adnan Hamid

The purpose of this research is to analyze the impact of the Omnibus Law/Job Creation Act related to the discussion process and post-endorsement by the legislature, the House of Representatives of the Republic of Indonesia. This research uses the normative juridical method, which is a legal research conducted by examining library materials. or secondary data and carried out with descriptions, measurements and accurate reporting of the characteristics of some of the phenomena under study. The findings of this study are that the government and legislature in the process and discussion tend to conflict with the 1945 Constitution article 1 paragraph (3), article 27 paragraph (1), and article 28 paragraph (5) and Law No.12 of 2011. regarding the Formation of Legislative Regulations as updated by Law No.15 of 2019 . Pancasila as a philosophische grondslag is stated in the Preamble of the 1945 Indonesian Constitution which means that Pancasila is positioned as a source of constitutional law in Indonesia, is an inspiration for the formation of the rule of law in Indonesia.  As a result, civil society organizations oppose and reject this regulation so that it is hoped that President Joko Widodo can issue a Government Regulation in Lieu of Law.


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