Covid-19 Pandemic and Severity of Economic Impacts: The Indonesian Case

2021 ◽  
pp. 1-15
Author(s):  
Tulus Tahi Hamonangan Tambunan
Keyword(s):  
Economic Growth ◽  
Raw Materials ◽  
Secondary Data ◽  
Direct Consequence ◽  
Analysis Data ◽  
Poor People ◽  
National Bureau ◽  
Tourism Sector ◽  
Food And Beverage ◽  
Negative Shock

This study tends to examine the impacts of the Covid-19 pandemic on the Indonesian economy with the focus on economic growth, poverty, income distribution, unemployment, tourism sector, and businesses. More specifically, this study tries to answer the following two questions. First, how serious has been the negative shock of the Covid-19 pandemic on the Indonesian economy, especially on economic growth, employment, wages, poverty, inequality, tourism activities and businesses? Second, what were the main economic transmission channels through which the Covid-19 pandemic have caused that negative shock? It adopted an exploratory methodology with a comprehensive review of available literature, including policy documents, research papers, and reports and secondary data analysis. Data used was from the National Bureau of Statistics (BPS). It reveals that the Covid-19 pandemic has affected the Indonesian economy through four main channels: (i) declined domestic demand as a direct consequence of the "anti-Covid-19 impact" policy; (ii) declined export; (iii) declined imports of processed raw materials and auxiliary materials; and (iv) increased poor people as many employees have been laid off, or their wages were cut. As a result, the country's economy experienced a growth contraction of 2.07 percent, the number of foreign tourists visited Indonesia dropped significantly, the unemployment rate as well as the percentage of poor people increased, the Gini ratio experienced an increase, and many companies have suffered huge losses, especially in the tourism sector and also those whose businesses were very dependent on this sector such as transportation and food and beverage companies, as well as hotels and other accommodation provider companies.

scholarly journals Impact of Money Market Instruments on Economic Growth in Nigeria

2021 ◽  
Vol 04 (04) ◽  
Author(s):  
Ishola, Oluwatosin Pelumi ◽  
Keyword(s):  
Economic Growth ◽  
Unit Root Test ◽  
Secondary Data ◽  
Analysis Data ◽  
Money Market ◽  
National Bureau ◽  
Causality Test ◽  
Treasury Bill ◽  
Long Run ◽  
The Impact

Money market instruments play a crucial role in the growth and development of the Nigerian economy. Still, it is not yet vibrant and constrained by the absence of sub-markets and availability of adequate credit instruments required for the smooth operations of the market. The study examine the impact of money market instruments (Treasury bill, Treasury certificates, Certificate of Deposits, Banker’s Acceptances, Development Stock and Commercial Papers) on Economic growth based on secondary data sourced from the Central Bank of Nigeria (CBN) Statistical Bulletin and National Bureau of Statistics (NBS) publications for 30 years. The study employed statistical techniques such as ADF, Unit Root Test, OLS, multiple-regression and Granger Causality Test to analysis data collected for the study covering the period 1990-2020. The study observed that Bank acceptance and Commercial paper granger cause Gross Domestic Product (GDP). Treasury bill, Treasury certificate and commercial papers have a positive relationship with GDP, but its effect is insignificant in the long run. But banker’s acceptance and certificate of deposits has a positive and significant effect on GDP in the long run. In contrast, development stock has no significant effect on GDP in the short and the long run with no granger causal relationship with GDP. The study therefore recommends that Nigerian money market should be reformed in line with the current globalization trend and internationalization of the money market to allow a flow of foreign investment into the economy and also increase the number of tradable instruments in the market.

scholarly journals Pengaruh Investasi Dan Inflasi Terhadap Jumlah Penduduk Miskin di Kabupaten Jember Tahun 2000-2015

2019 ◽  
Vol 6 (1) ◽  
pp. 81
Author(s):  
Abdul Latif Hamzah ◽  
Anifatul Hanim ◽  
Herman Cahyo
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Linear Regression ◽  
Multiple Linear Regression ◽  
Secondary Data ◽  
Poor People ◽  
Poverty Level ◽  
Total Investment ◽  
Year 2000 ◽  
Very High

Conditions in Jember Regency from year to year economic growth is quite high, but the poverty level is very high as well. This study aims to determine the effect of investment and inflation on the number of poor people in the district of Jember in 2000- 2015. The method used in this research is multiple linear regression. The data used are secondary data formed in time series, the data used include investment, inflation in Jember district for 16 years in the year 2000-2015. Based on the results of the research, it can be seen that investment variables do not significantly affect the number of poor people in Jember, while Inflation has a significant effect on the number of poor people in Jember. Keywords: total investment, inflation, and poor people.

scholarly journals Poverty Alleviation, Education and Economic Growth in Indonesia

SPLASH Magz ◽  
2021 ◽  
Vol 1 (2) ◽  
pp. 60-62
Author(s):  
Uti Rachel Setyoasih ◽  
◽  
Sri Harnani
Keyword(s):  
Economic Growth ◽  
Government Spending ◽  
Poverty Alleviation ◽  
Secondary Data ◽  
Poor People ◽  
Poor Population ◽  
Education And Economic Growth

This study examines government spending on education, economic growth and poverty in Indonesia. Where investment in education and economic growth reflected in GDP is calculated in USD and poverty is calculated per person or poor population using the mobile average autoregression method using secondary data from world banks. We find that education is able to reduce the number of poor people in Indonesia.

scholarly journals Menimbang Daya Saing Pariwisata Indonesia (Dibandingkan Singapura, Malaysia, Dan Thailand)

2015 ◽  
Vol 2 (3) ◽  
pp. 422-442
Author(s):  
Vonny Setianda ◽  
Roos Kities Andadari
Keyword(s):  
Economic Growth ◽  
Tourism Development ◽  
Secondary Data ◽  
Development Strategies ◽  
Tourism Industry ◽  
Tourism Sector ◽  
Asean Countries

Experience from many countries shows that tourism contributes greatly to the economic growth that can improve the welfare and quality of citizens’ lives. To enhance the role of the tourism sector to improve the economy, increasing the competitiveness of this sector is the key. For Indonesia, which has great potential in the tourism sector, tourism development strategies are needed to improve the competitiveness of the tourism industry. The purpose of this study is to determine the position of competitiveness in Indonesia’s tourism sector, especially compared to some major ASEAN countries, and propose appropriate tourism development strategies. After mapping the condition of Indonesia’s tourism competitiveness compared to some other major ASEAN countries, this study uses STP (segmenting, targeting, and positioning) to find appropriate tourism development strategies. This research utilizes secondary data. The results show that compared to some other major ASEAN countries (Singapore, Malaysia and Thailand), Indonesia's tourism competitiveness in some aspects is low, although this condition has improved in recent years. However, given the demands of the dynamic tourism market, the competitiveness needs to be improved continuously. This necessitates special strategies, so that the efforts match with the target. Keywords: Indonesian tourism, competitiveness of the tourism industry, tourism development strategies

scholarly journals Performance of Agricultural Export Products on Economic Growth in Nigeria

2021 ◽  
Vol 11 (1) ◽  
pp. 47-52
Author(s):  
Oyetoun Dunmola Amao ◽  
Michael Akwasi Antwi ◽  
Oluwaseun Samuel Oduniyi ◽  
Timothy Olukunle Oni ◽  
Theresa Tendai Rubhara
Keyword(s):  
Economic Growth ◽  
Agricultural Sector ◽  
Generalized Method Of Moments ◽  
Secondary Data ◽  
National Bureau ◽  
Agricultural Export ◽  
Development Indicators ◽  
Agricultural Exports ◽  
The World Bank

This research sought to explore the performance of agricultural export products on economic growth in Nigeria from 1960 to 2016. Secondary data from the National Bureau of Statistics, the Central Bank of Nigeria’s Annual Statistical Bulleting, the World Bank, and World Development Indicators were used. The Generalized Method of Moments (GMM) model was explored in this study. The findings of the study show that food and live animals, beverages, and tobacco were found to be negative but significant to agricultural exports, while agricultural exports (total) and crude materials, inedible except fats, were found to be negative and insignificant to economic growth. Animal and vegetable oils and fats were found to be positive but insignificant to economic growth. Based on the following findings, it is recommended that policies aimed at increasing the productivity and quality of agricultural products, especially those from crops, should be implemented. There is also a need to devote more resources to the production of non-export goods to increase exports. Above all, more credit should be extended to the agricultural sector with a low or zero interest rate, which may lead to a higher rate of economic growth in Nigeria.

scholarly journals Determinan Jumlah Penduduk Miskin di Jawa Periode 2007-2015

2017 ◽  
Vol 4 (2) ◽  
pp. 164
Author(s):  
Mohammad Saleh ◽  
Mochammad Dwi Ainoer Rizzal ◽  
Aisah Jumiati
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Research Method ◽  
Secondary Data ◽  
Domestic Product ◽  
Poor People ◽  
Unit Of Analysis ◽  
Factors Affecting ◽  
Negative Effect ◽  
Positive Effect

Poverty is one of the problems that impede economic growth and national and regional development. It is therefore necessary to find solutions to reduce poverty and solve the problems that are being experienced. The purpose of this study to determine the influence of unemployment, wages and Gross Domestic Product (GDP) on poverty in Java. This research method is explanatory research method. The unit of analysis used in this study is the number of poor people in Java, factors affecting poverty include unemployment, wages and Gross Domestic Product (GDP). Data used in this research is secondary data. The results showed that the positive effect of unemployment and wages and GRDP a significant negative effect on poverty. From the results of this study are expected later able to provide references improvements creation of the welfare of society equally. Keywords: People poverty, unemployment, wage, Gross Regional Domestic Produc

scholarly journals FOREIGN CAPITAL FLOWS AND ECONOMIC GROWTH OF KENYA.

2018 ◽  
Vol 3 (2) ◽  
pp. 40
Author(s):  
Wiberforce Ong’ondo
Keyword(s):  
Economic Growth ◽  
Capital Flows ◽  
Foreign Capital ◽  
Secondary Data ◽  
National Bureau ◽  
Portfolio Investment ◽  
Analysis Model ◽  
Foreign Portfolio Investment ◽  
Foreign Capital Flows ◽  
Us Dollar

The purpose of the study was to establish the effects of foreign capital flows on economic growth of Kenya. The study employed a quantitative research design. The target population of this study was Kenya since it is the Center of analysis. Considering that the population is one country, Kenya, secondary data was collected over a period of 25 years from 1993 to 2017. Therefore, the number of observations was X * 25 = 25. The research conducted a census on Kenya using secondary data from Nairobi Securities Exchange (NSE), Capital Markets Authority (CMA), Kenya National Bureau of Statistics (KNBS), Central Bank of Kenya, World Bank and United Nations Conference on Trade and Development (UNCTAD). Data over time was analyzed using a time series model and trend analysis. Model test and correlation analysis were done before conducting regression and univariate regression analysis. The study found that, when external commercial borrowing is increased by one US dollar, annual GDP will increase by 395.990% when all other factors are kept constant. The opposite also applies. But, if external commercial borrowing is zero, annual GDP will decrease by USD 8,151,662,920.94 when all other factors are kept constant. Additionally, when Foreign Portfolio investment is increased by one US dollar, annual GDP will increase by 805.37% when all other factors are kept constant. The opposite also applies. But, if Foreign Portfolio Investment is zero, annual GDP will remain to be USD 25394237979 when all other factors are kept constant. Also, when FDI is increased by one US dollar, annual GDP will increase by 3026.30% when all other factors are kept constant. The opposite also applies. But, if FDI is zero, annual GDP will still increase by USD 18493289187.3 when all other factors are kept constant. Further results revealed that when Non-Resident Kenyan Deposits are increased by one US dollar, annual GDP will increase by 3738.65% when all other factors are kept constant. The opposite also applies. But, if Non-Resident Kenyan Deposits is zero, annual GDP will remain to be USD 4869680695.47 when all other factors are kept constant. The study recommends that the Government pursues policies that will attract and favour net increases in Foreign Direct Investments, Foreign Portfolio Investments, External Commercial Borrowings and Non-Resident Kenyan deposits into the country. 

scholarly journals Pengaruh pertumbuhan ekonomi, inflasi dan tingkat pengangguran terbuka terhadap jumlah penduduk miskin di Provinsi Jambi

2019 ◽  
Vol 8 (3) ◽  
pp. 184-193
Author(s):  
Arif Rahman ◽  
Purwaka Hari Prihanto ◽  
Muhammad Safri
Keyword(s):  
Economic Growth ◽  
Unemployment Rate ◽  
Inflation Rate ◽  
Negative Impact ◽  
Secondary Data ◽  
Poverty Rate ◽  
Poor People ◽  
Research Model ◽  
Poor Population ◽  
Constant Prices

Study aims to: 1) To find out the development of economic growth, inflation and the level of open unemployment in Jambi Province; 2) To analyze the influence of economic growth, inflation and the open unemployment rate on the number of poor people in Jambi Province. This research uses secondary data for the period 2001-2016. The method used in analyzing the data is by using multiple regression analysis. The results of this study indicate that: 1) The poor population in Jambi Province from 2001-2016 has decreased, where the number of poor people in Jambi Province has decreased by 0.46 percent. Economic growth in Jambi Province on the basis of constant prices from 2001-2016 experienced an average fluctuation of 6.23 percent per year. During the period of 2001-2016 the inflation rate in Jambi Province was an average of 12.25 percent. The highest number of unemployed occurred in 2005, amounting to 133,964 people and then in 2016 a decrease of 67,671 people; 2) Every increase in economic growth in Jambi Province is 1 percent, the poverty rate of the population in Jambi Province will decrease by 0.140 percent. The results of this test indicate that economic growth has a negative impact on the number of poverty in Jambi Province. Every increase in the inflation rate by 1 percent, the poverty rate will increase by 0.002 percent and every increase in the unemployment rate in Jambi Province by 1 percent, the poverty rate of the population in Jambi Province will increase by 0.052 percent. Together economic growth, inflation and unemployment have a positive and significant effect on the poverty rate of the population in Jambi Province during the period 2001-2016. Variation in ups and downs the poverty rate of the population in Jambi Province is able to explain economic growth, inflation and unemployment by 35.2 percent, while the remaining 64.8 percent is explained by other variables not included in this research model.

scholarly journals Respon Masyarakat Lokal Terhadap Aktivitas Hiburan Malam Di Legian, Kuta

2018 ◽  
Vol 6 (1) ◽  
pp. 199
Author(s):  
Juliyanti Panjaitan ◽  
I Made Bayu Ariwangsa
Keyword(s):  
Economic Growth ◽  
Quantitative Data ◽  
Secondary Data ◽  
Local Communities ◽  
Data Sources ◽  
Primary Data ◽  
Qualitative And Quantitative ◽  
Tourism Sector ◽  
Depth Interview ◽  
Different Types

Night entertainments become a special attraction for tourists to fulfill their holidays in Bali with just listening to the music’s or enjoying drinks provided in bars, discotheque/cafes. By these facilities, Bali become a magnet of both domestic and foreign tourists. The types of data used are qualitative and quantitative data, while the data sources used are primary data and secondary data. The data collecting is done with the observation field, in-depth interview, and questionnaires. Then the data were analyzed using descriptive qualitative with the record and explain the results cleary based on the formulation of a problem that has been determined, as well as questionnaires are analyzed using quantitative data as data supporters of the research.   The results of this research explains that there are several different types of activities that can be done in place of evening entertainment, including dancing, enjoy music, and enjoy drinks and meals are offered in the café/restaurant. Then from the results of the questionnaire obtained the results that the response of local communities included in the stages of Apathy, which previously accepted as tourism sector economic growth but this time its presence was felt not to mention everything. People living in the surroundings feel uncomfortable and insecure due to the activity of the night until the early hours Keywords :Response of Local People, Night Entertainment, Legian Kuta

scholarly journals DAMPAK KEBIJAKAN HARGA BERAS DAN LUAS AREAL IRIGASI TERHADAP PENGENTASAN KEMISKINAN DI INDONESIA

2016 ◽  
Vol 4 (2) ◽  
pp. 91
Author(s):  
Dudi Septiadi ◽  
Harianto Harianto ◽  
Suharno Suharno
Keyword(s):  
Economic Growth ◽  
Secondary Data ◽  
Price Policy ◽  
Poor People ◽  
Short Term ◽  
Rice Policy ◽  
Food Commodities ◽  
Two Stages ◽  
The Impact

<em>Poverty is one of the major problems in Indonesia is unresolved. Rice is the main food commodities that affect the welfare of million people in Indonesia. Rice is a major source of calories most of the Indonesian people. The objective of this study was to analyze the impact of rice policy on poverty in Indonesia. Specifications of research model using simultaneous equations and allegedly with the method Two Stages Least Squares (2SLS). The data used is secondary data with the time span from 1981 to 2014. The results showed that a decrease in the retail price of rice is able to reduce poverty. But the effect is relatively small. Real retail rice price increase 1 percent would increase poverty by 0.037 percent in the short term and amounted to 0.124 percent in the long term. Economic growth to be the only variable that significantly affect poverty. Increase economic growth by 1 percent would reduce poverty by 0.090 percent in the short term and amounted to 0.306 percent in the long term. In an effort to reduce the number of poor people, government purchasing price policy should be followed by other rice policy, such a policy increase the area of irrigated area.</em>

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