scholarly journals ANALISIS CROWDING OUT EFFECT PENERBITAN OBLIGASINEGARA: STUDIKASUS PEREKONOMIAN INDONESIA PERIODE 1970 - 2003

2007 ◽  
Vol 7 (1) ◽  
pp. 91
Author(s):  
Joko Waluyo
Keyword(s):  
Research Design ◽  
Secondary Data ◽  
Private Investment ◽  
Simultaneous Equation ◽  
Least Square ◽  
Equation Modeling ◽  
Crowding Out ◽  
Main Subject ◽  
Two Stage ◽  
Government Bonds

The main subject of this research are to proof what issuing government bonds give impact to crowding out effect for private investment. The research design used simultaneous equation modeling, consisting of 17 behavioral equation and 18 identity equation with 6 blocks. Behavioral equation with estimated by tsls (two stage least square). This study use secondary data from Indonesian economy since 1970 until 2003. The econometric test to result BLUE estimator. The Result is issuing government bonds don't cause crowding out effect to private investment.

scholarly journals ANALISIS INTERAKSI KEBIJAKAN FISKAL DAN MONETER TERHADAP PEREKONOMIAN INDONESIA

2019 ◽  
Vol 5 (2) ◽  
pp. 112-123
Author(s):  
Muhammad Akhyar ◽  
Sofyan Syahnur ◽  
Asmawati Asmawati
Keyword(s):  
Fiscal Policy ◽  
Interest Rate ◽  
World Bank ◽  
National Income ◽  
Secondary Data ◽  
Simultaneous Equation ◽  
Money Market ◽  
Least Square ◽  
Two Stage ◽  
The Government

 The Purpose of this research is to determine the balance of income and interest rate in both money market and goods market in improving economic performance shown through some macro economic indicators. The method used is simultaneous equation method and completed with Two Stage Least Square. The data in this study constitutes Indonesia's economic data from 1986 to 2015 drawn from secondary data sources such as Bank Indonesia (BI), Central Bureau of Statistics (BPS), and World Bank . The results show that the balance occurs at the national income level of 211.243,69 billion Rupiah with an interest rate of 3.86% and the more dominant fiscal policy currently applied in the economy. This IS-LM model can help the government in making policy to predict what happens to outputs and the aggregate interest rate if the government decides to increase government spending and increase the money supply.  Keywords: Aggregate output, interest rate, fiscal policy, monetary policy, good market, money market, IS-LM.  ABSTRAK Penelitian ini bertujuan untuk mengetahui keseimbangan pendapatan dan tingkat bunga baik di pasar uang maupun pasar barang dalam meningkatkan kinerja perekonomian yang ditunjukkan melalui beberapa indikator makro ekonomi. Metode yang digunakan menggunakan persamaan simultan dan diselesaikan dengan Two Stage Least Square. Data dalam penelitian ini merupakan data perekonomian Indonesia dari tahun 1986 – 2015 yang diambilkan dari sumber data sekunder baik seperti Bank Indonesia(BI), Badan Pusat Statistik (BPS), dan World Bank. Hasil penelitian menunjukkan bahwa keseimbangan terjadi pada tingkat pendapatan nasional sebesar Rp211.243,69  milyar dengan tingkat bunga sebesar 3.86% dan kebijakan fiskal lebih dominan saat ini diterapkan dalam perekonomian. Model IS-LM ini dapat membantu pemerintah dalam membuat kebijakan untuk memprediksikan yang terjadi pada output dan tingkat bunga agregat jika pemerintah memutuskan untuk meningkatkan pengeluaran pemerintah maupun meningkatkan jumlah uang beredar.

scholarly journals PERNERAPAN MODEL PERSAMAAN SIMULTAN DENGAN PENDEKATAN TWO STAGE LEAST SQUARE PADA KASUS INFLASI DAN NILAI TUKAR RUPIAH DI INDONESIA

2021 ◽  
Vol 9 (2) ◽  
pp. 71-84
Author(s):  
Rahmawati Yusuf ◽  
Resmawan Resmawan ◽  
Boby Rantow Payu
Keyword(s):  
Exchange Rate ◽  
Money Supply ◽  
Rate Equation ◽  
Secondary Data ◽  
Simultaneous Equation ◽  
Equation Model ◽  
Least Square ◽  
Percentage Error ◽  
Two Stage ◽  
Factors Affecting

Using the regression model, a method that accommodates variables related to each other is called the simultaneous equation method. The study aims to determine the factors affecting inflation and rupiah exchange rate and model simultaneous equations towards the factors affecting inflation and rupiah exchange rate in Indonesia using Two-Stage Least Square. Data used in this study are secondary data obtained from the website of Statistics of Indonesia. Findings on the simultaneous equation model with two-stage least squares reveal that variables that significantly affect inflation are the Indonesia rupiah exchange rate and money supply. At the same time, variables that significantly affect the Indonesian rupiah exchange rate are inflation and money supply. The predictive value using the inflation and rupiah exchange rate equation indicates that the obtained MAPE (Mean Absolute Percentage Error) value does not exceed 50%. In conclusion, the prediction result using the inflation and Indonesia rupiah exchange rate equation is accurate.

scholarly journals ANALISIS PERMINTAAN DAN PENAWARAN UANG DI INDONESIA

2019 ◽  
Vol 5 (1) ◽  
pp. 1-8
Author(s):  
Arwin Arwin ◽  
Said Muhammad ◽  
Raja Masbar
Keyword(s):  
Interest Rate ◽  
Money Supply ◽  
World Bank ◽  
Money Demand ◽  
National Income ◽  
Secondary Data ◽  
Real Income ◽  
Least Square ◽  
Two Stage ◽  
Data Processing Method

This study aims to determine the determinants of the money demand and money supply function in Indonesia. To formulate the equation between money demand (Md) and money supply (Ms) using LM function by looking at the effect of real income and interest rate. The data in this study constitutes Indonesia's economic data from 1986 to 2015 drawn from secondary data sources such as Bank Indonesia (BI), Central Bureau of Statistics (BPS), International Financial Statistics (IFS), International Monetary Funds (IMF) and World Bank . The Data Processing method used is to use the equations and completed with Two Stage Least Square. The results showed that the balance occurred at the national income level of 277559.05 billion Rupiah with an interest rate of 7.05%. Keywords: Demand and Supply of Money, Gross Domestic Product, Interest Rate, Inflation, and Exchange Rate. Abstrak Penelitian ini bertujuan untuk megetahui determinan dari fungsi permintaan uang dan penawaran uang di Indonesia. Untuk merumuskan persamaan antara permintaan uang (Md) dengan penawaran uang (Ms) menggunakan fungsi LM dengan melihat pengaruh pendapatan riil dan tingkat suku bunga. Data dalam penelitian ini merupakan data perekonomian Indonesia dari tahun 1986 – 2015 yang diambilkan dari sumber data sekunder baik seperti Bank Indonesia(BI), Badan Pusat Statistik (BPS), Internasional Financial Statistics (IFS), International Monetary Funds ( IMF) dan World Bank. Metode Pengolahan datayang digunakan adalah menggunakan persamaan simultan dan diselesaikan dengan Two Stage Least Square. Hasil penelitian menunjukkan bahwa keseimbangan terjadi pada tingkat pendapatan nasional sebesar 277559.05 milyar Rupiah dengan tingkat bunga sebesar 7,05%. 

scholarly journals PENGARUH KOMPENSASI DAN JOB SECURITY TERHADAP MOTIVASI KERJA SERTA DAMPAKNYA PADA KINERJA PEGAWAI KONTRAK SATUAN POLISI PAMONG PRAJA DAN WILAYATUL HISBAH KOTA BANDA ACEH

2019 ◽  
Vol 1 (1) ◽  
Author(s):  
Cut Devi Maulidasari ◽  
Riznal Akhyar
Keyword(s):  
Structural Equation ◽  
Work Motivation ◽  
Employee Performance ◽  
Secondary Data ◽  
Job Security ◽  
Partial Least Square ◽  
Least Square ◽  
Equation Modeling ◽  
Performance Contracts ◽  
Banda Aceh

ABSTRACTThe purpose of this study was to determine the effect of compensation and job security on workmotivation and its impact on the performance of the Contract Employees Civil Service Police Unitand Wilayatul Hisbah Banda Aceh. Data analysis is the process of simplification of data into aform that is easier to read and implement. The method chosen to analyze the data must match thepattern of research and variables to be studied. This study using Structural Equation Modeling(SEM) with a research tool or software such as Partial Least Square (PLS) from the research thathas been done through observation and secondary data it can be concluded that compensation, jobsecurity, work motivation and employee performance contracts Police Unit Praja dan WilayatulHisbah Banda Aceh still not good, then the hypothesis 1 is rejected. From the research that hasbeen done can be concluded that the hypothesis that compensation and job security simultaneouslyand partially effect on work motivation can be received from the research that has been done canbe concluded that hypothesis stating that compensation and job security simultaneously andpartially effect the performance is acceptable. From the research that has been done can beconcluded that the hypothesis that motivation influence on work motivation can be accepted. Theresult of this research of which it can be concluded that the hypothesis of compensation and jobsecurity simultaneously and partially influence performance through work motivation isacceptable.Keywords: Compensation, Job Security, Work Motivation, Performance

Default Risk and the Effects of Fiscal Policy on Interest Rates: 1929–1945

1988 ◽  
Vol 16 (3) ◽  
pp. 357-373
Author(s):  
David Bowles ◽  
Holley Ulbrich ◽  
Myles Wallace
Keyword(s):  
Fiscal Policy ◽  
Interest Rates ◽  
Empirical Evidence ◽  
Risk Premium ◽  
Default Risk ◽  
Corporate Bonds ◽  
Private Investment ◽  
Crowding Out ◽  
Government Bonds ◽  
Macroeconomic Models

Conventional macroeconomic models suggest that expansionary fiscal policy causes higher interest rates, resulting in crowding out of private investment. In this article, we argue that such models ignore the default risk differential between the interest rates on government bonds and corporate bonds. If expansionary fiscal policy causes an expansion in real GNP, default risk falls on corporate bonds. Our model suggests that if the default risk premium falls, (1) corporate interest rates may fall relative to rates on government bonds and (2) private investment is crowded in. We find some supporting empirical evidence of this effect for the period 1929–1945.

scholarly journals Food independence determinant (Rice) In Supporting The Availability Of National Rice

2019 ◽  
Vol 17 (1) ◽  
pp. 55
Author(s):  
Lendi Ageng Kurnia ◽  
Deden Dinar Iskandar
Keyword(s):  
Time Series ◽  
Research Design ◽  
Secondary Data ◽  
Appropriate Technology ◽  
Rice Production ◽  
Least Square ◽  
Time Series Study ◽  
Rice Prices ◽  
The Stability ◽  
Series Study

In maintaining the stability of national rice availability, 3 supporting aspects are needed, namely increasing domestic rice production, procuring government rice reserves through Bulog and importing rice. The purpose of this study is 1) to find out the factors that influence the availability of national rice, 2) to find out the factors that influence food independence, especially rice. The data used is secondary data sourced from BPS, FAO statistics and IRRI statistics. The research design used in this study is a time series study from 1970-2016. The model used in the study is Least Square (LS). The results of the analysis show partially the availability of national rice influenced by domestic rice production, government rice reserves and rice imports. While the ability of domestic rice production in supplying the availability of national rice, which is represented in the substance of food independence, is influenced by productivity, rice supply stability, price gap of rice / rice and farmers' welfare. However, it is not influenced by the application of appropriate technology (in this case the use of subsidized fertilizer). The conclusion of this study is that the availability of national rice is not only supplied from within the country but must still be supported by the procurement of imported rice. In increasing food independence, productivity must be increased, ensuring that government rice reserves are always available, monitoring the development of rice / rice prices are always stable, and paying attention to the welfare of farmers as the main actors in rice trading. Whereas the government's policy of providing subsidized fertilizers needs to be refined and monitored in the field because so far only serves as a complement in the provision of rice to the community.

scholarly journals PENGARUH INTELLECTUAL CAPITAL DAN CORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL MODERASI

2021 ◽  
Vol 4 (1) ◽  
pp. 426-436
Author(s):  
Anisa Hediyanti Muasiri ◽  
◽  
Erna Sulistyowati ◽  
Keyword(s):  
Corporate Governance ◽  
Intellectual Capital ◽  
Firm Value ◽  
Structural Equation ◽  
Secondary Data ◽  
Partial Least Square ◽  
Least Square ◽  
Equation Modeling ◽  
Analysis Technique ◽  
Modeling Data

This study aims to test the influence of intellectual capital and corporate governance on firm value with profitability as a moderating variable. The population of this study is banking companies listed on IDX during 2015 –2019 amounted to 45 companies. Sampling techniques using purposive sampling so that research samples obtained as many as 15 companies. The research data used is secondary data obtained from the annual report and GCG reportof banking companies listed on IDX during 2015 –2019. This study uses structural equation modeling data analysis technique –partial least square (SEM-PLS) with WarpPLS 7.0 software. The result of this study shows that: (1) Intellectual capital positively and significantly affects the firm value, (2) Corporate governance has no effect on the firm value, (3) Profitability can moderate the influence of intellectual capital on the firm value, (4) Profitability can’t moderate the influence of corporate governance on the firm value.Keywords: Intellectual Capital, Corporate Governance, Firm Value, Profitability

scholarly journals PENGARUH ANTAR PERSPEKTIF NON KEUANGAN SERTA IMPLIKASINYA TERHADAP PERSPEKTIF KEUANGAN BERDASARKAN BALANCED SCORECARD

2015 ◽  
Vol 3 (2) ◽  
pp. 741
Author(s):  
Alfira Sofia ◽  
Nicol Stefani
Keyword(s):  
Significant Influence ◽  
Balanced Scorecard ◽  
Structural Equation ◽  
Secondary Data ◽  
Partial Least Square ◽  
Least Square ◽  
Annual Reports ◽  
Equation Modeling ◽  
Text Book ◽  
Financial Perspective

This study aims to determine the effect between non-financial perspective (learning and growth, internal business processes and customers) and its implications on financial perspective based on Balanced Scorecard at PT PLN (Persero) in 2002-2013.The method used in this research is descriptive and quantitative explanation. Sources of data in this study were obtained from secondary data. The secondary data consists of annual reports and statistical reports of PT PLN (Persero) obtained from the company website www.pln.co.id, as well as literature such as journals, previous research, and text book. This research uses Structural Equation Modeling - Partial Least Square (SEM-PLS) technique for multivariate analysis.In this research note that there is significant influence between non financial perspective at PT PLN (Persero) and there is significant influence from non-financial perspective to financial perspective.

The Effect of Organizational Culture on Bank Risk and Profitability of the Rural Bank (BPR) In Bali ________________________________________

2018 ◽  
Vol 9 (12) ◽  
pp. 21148-21154
Author(s):  
Dominicus Djoko B.S. ◽  
Ni Luh Putu Wiagustini ◽  
Luh Gede Artini ◽  
Ida Bagus Panji Sedana ◽  
Ida Bagus Panji Sedana
Keyword(s):  
Organizational Culture ◽  
Structural Equation ◽  
Liquidity Risk ◽  
Secondary Data ◽  
Least Square ◽  
Bank Risk ◽  
Equation Modeling ◽  
Significant Negative Effect ◽  
Negative Effect ◽  
Secondary Data Sources

This research examines the profitability associated with organizational culture and operational, credit and liquidity risk. This research can be used as a guide in determining policies in the banking world. This research was conducted on The Rural Banks (BPR) in Bali for the period 2013 to 2017, using primary and secondary data sources. The analytical method used is structural equation modeling minor least square (SEM- PLS). The results obtained in this study are organizational culture has no significant effect on profitability and has a significant negative effect on bank risk. While bank risk has a significant negative effect on profitability.

scholarly journals Farmers’ Capacity for Jatiluwih Agrotourism Management and Its Effects on Tourists’ Satisfaction and Intention to Revisit

2020 ◽  
pp. 1
Author(s):  
Tien Cathy Patricia ◽  
I Gusti Ayu Oka Suryawardani ◽  
I Ketut Suamba ◽  
Agung Suryawan Wiranatha
Keyword(s):  
Structural Equation ◽  
Secondary Data ◽  
Sem Analysis ◽  
Partial Least Square ◽  
Least Square ◽  
Main Element ◽  
Equation Modeling ◽  
Pls Analysis ◽  
The Subject ◽  
Intention To Revisit

Capacity is the main element for farmers in achieving their goals. Farmer’s Capacity consists elements of knowledge, attitude, and skills. With the increasing number of visits in Bali, especially Jatiluwih Agrotourism, farmers should be the subject of management so that they can fully enjoy the benefits of the visit. With the existence of agrotourism, agriculture and tourism can be a pair of harmonious sectors. Tourist’s feedback on the satisfaction and intention to revisit can be an input in the effort to increasing the farmer’s capacity in agrotourism management for its sustainability. This paper analyzes Farmer’s Capacity for Jatiluwih Agrotourism Management and Its Influence toward Tourist’s Satisfaction and Intention to Revisit. Primary and secondary data were obtained through interviews and filling out questionnaires with the Structural Equation Modeling (SEM) analysis method. The results of Partial Least Square (PLS) analysis show that farmer’s capacity has a significant effect on tourists’s satisfaction, which leads to tourists’s intention to revisit. it is expected that higher capacity of agroutourism management among farmers will increase tourist’s satisfaction which affects tourist’s intention to revisit hence, improving the welfare of the community, especially farmers in Jatiluwih Agrotourism. Keywords: Farmers’ Capacity, Satisfaction, Revisit, PLS

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