Balinese Indigenous Knowledge about Water : A Way to Achieve Water Sustainability

For the Balinese, water is essential for their ritual-based culture. Water is an entity to complete Balinese everyday life, especially the spiritual aspects that need holy water for rituals. This study aims to analyze the influence of Balinese indigenous knowledge about groundwater management, membership of the indigenous organizations, perception of the catchment areas, and water resources alternatives to groundwater resource conservation amongst Balinese. To address this, a survey of a representative sample of 139 Balinese adults in SARBAGITA (Denpasar Regency, Badung Regency, Gianyar Regency, and Tabanan Regency) has been conducted. With logistic regression model, this study found that knowledge and method used in respondents' households when water is limited are the most significant factor that affects respondents' willingness to participate in sacred springs conservation program.

The Relationship Among Economic Structure, Sectoral Workforce, and Community Welfare in Bali Province

Economic performance that can be achieved by regions cannot be separated from the influence of sectoral economic policies. The difference in economic performance, particularly the economic growth achieved by each region, affected to the inequality in development, which is reflected in the structure of the regional economy. The purpose of this study is to analyze the effect of changes in the economic structure on the structure of sectoral employment and the welfare of the people in Bali Province. Data were analyzed by path analysis. The results shows that the changes in economic structure have a positive and significant effect on the structure of employment. Partially, the changes in the economic structure and the structure of employment has a negative and significant effect on people's welfare. Changes in the economic structure have an indirect effect on people's welfare through the structure of employment in Bali Province.

RELATIONSHIPS BETWEEN CHARACTERISTICS OF LOCAL GOVERNMENT AND WEBSITE BASED FINANCIAL TRANSPARENCY

It is important to manifest financial transparency of local government as a means of monitoring the misuse of public resources and preventing cases of corruption. One of the local governments that succeeded in achieving the best transparency in Indonesia is Central Java. Based on 2019 Central Java Local Government financial data, this research is aimed to find evidence whether there are relationships between the characteristics of local government and financial transparency of local government. The evidence is obtained through the results of statistical analysis, namely multiple linear regression analysis. The results of this research show that the size of local government, the tenure of regional heads, the structure of regional revenues, and regional financial independence have a positive relationship to the financial transparency of local government.

The The Impact of COVID-19 on FinTech Lending in Indonesia: Evidence From Interrupted Time Series Analysis

Penelitian ini mengukur dampak pandemi COVID-19 terhadap financial technology (FinTech) lending di Indonesia. Menggunakan data bulanan FinTech yang dipublikasikan oleh Otoritas Jasa Keuangan pada periode 2018M02-2021M04, artikel ini mengukur dampak COVID-19 yang dimulai pada tanggal 2 Maret 2020 terhadap FinTech dengan mengadopsi interrupted time series (ITS) experiment. Estimasi memperlihatkan COVID-19 memiliki dampak negatif pada perubahan level (changes in level) FinTech lending di Indonesia, tetapi perubahan tren (changes in trend) adalah positif. Selanjutnya, COVID-19 berdampak negatif dan secara statistik signifikan terhadap perubahan level Rasio Pinjaman Lancar (s.d. 90 hari). Namun, COVID-19 memberikan efek positif dan secara statistik signifikan pada perubahan level Rasio Pinjaman Macet (>90 hari). Temuan ini merekomendasikan bahwa otoritas jasa keuangan secara intensif mendorong berbagai model baru bisnis FinTech yang inovatif post-COVID19 dalam upaya memperluas inklusi keuangan digital dengan menyediakan pembiayaan bagi masyarakat (P2P) yang tidak tersentuh oleh bank.

The Dynamics of Exchange Rate, Inflation, and Trade Balance in Indonesia

Balance of trade has become an essential indicator for economic activities, particularly in countries adopting the open economy. During the last two decades, Indonesia has had trade surplus. The open economy has created dynamics in macroeconomic variables. The purpose of this research is to identify any dynamics between exchange rate, inflation, and balance of trade in Indonesia. Using the Autoregressive Distributed Lag, this study finds the dynamics between the said variables. In the short run, there are causalities between exchange rate and balance of trade, exchange rate and inflation, and balance of trade and inflation. In addition, J-Curve also occurred in Indonesia, where depreciation in exchange rate gradually improves the country’s balance of trade in the second and fourth quarters. Keywords: Exchange Rate, Inflation, Balance of Trade, Autoregressive Distributed Lag JEL Classification: F1, F4, C1

The ANALYSIS OF WILLINGNESS TO PAY (WTP) VISITORS TO THE DEVELOPMENT OF RAFTING TOURISM IN SERAYU WATERSHED

Serayu Rafting Tourism utilizes the potential of Serayu Watershed located in Banjarnegara Regency. Serayu Rafting Tourism has the opportunity to increase its potential to become one of the leading tourism in Banjarnegara Regency. This study aims to identify the socioeconomic characteristics of tourists of Serayu Rafting attractions, estimate willingness to pay to determine the maximum potential price that is still willing to be paid in the development of Serayu Rafting attractions and analyze the factors that influence the willingness of visitors to pay the value chosen. This research uses CVM method and logistic regression analysis, with primary data obtained from survey to 105 respondents through multistage sampling technique and secondary data obtained from documents coming from relevant agencies, agencies or institutions. The results stated that the economic potential value of Rafting Serayu tourism object is quite good, because of 105 respondents as many as 95 respondents (90.5%) among them are willing to pay more for the development of tourism pbyek with a scenario 1 of Rp 10,000 and scenario 2 of Rp 25,000. Variable regional origin and income level affect willingness to pay, while variable gender, age, marital status and level of education do not affect willingness to pay.

The Dynamics of Credit Procyclicality and Stability of Macroeconomics in Indonesia

Credit growth is one of the important indicators of the financial system that can drive the country economic growth, but on the other hand credit growth can also cause risks in the financial system due to the economic actors’ moral hazard. The purpose of this research is to analyze the credit procyclicality pattern and economic growth in Indonesia. In addition, this study aims to determine the relationship pattern between credit and some macroeconomic variables. The method used is VECM with quarterly time series data during 1998 until 2016. The analysis shows that credit growth and economic growth have positive causality. This shows pro-cyclicality between credit and economic growth in Indonesia. However, in the long run this pattern shows a downward trend although still positive and permanent, which means that excessive credit growth can also lead to a decline in economic growth.

Planning Consistency and the Political Budget Cycle in Indonesia

This study aims to find empirical evidence of the relationship between planning and the practices associated with political budget cycles in Indonesia, with reference to the simultaneous regional head elections held in 2017 and 2018. A fixed-effect method using least-square dummy variables analyzes the role of planning in the relationship between local-government spending and political budget cycle behaviors. The results indicate that consistency between planning and budgeting can control the discretion applied by regional heads to increase and decrease budget expenditure in the two years before an election, one year before an election and in the election year itself. The magnitude of these reductions or increases differs between types of expenditure. The association between planning and the political budget cycle is significant in the two years before an election for primary expenditure allocations and in a year before an election for allocations of capital expenditure, social assistance, and grants and subsidies.

Inflation volatility as a phenomenon monetary-fiscal combination in Indonesia

Inflation is generally seen as a monetary phenomenon whose effective control is through the management of the money supply, interest rates, and exchange rates. Another opinion views inflation as a fiscal phenomenon that is controlled through the effectiveness of tax revenues and state expenditures and avoiding a budget deficit that triggers an increase in government external debt. This study aims to examine and analyze the volatility of inflation as a phenomenon monetary-fiscal combination in Indonesia. The analysis was carried out descriptively and quantitatively through the Autoregressive Distributed Lag (ARDL) Model using secondary time series data from the 1st quarter of 2009 to the 2nd quarter of 2020. The results showed the dominance of the positive influence of interest rates from the monetary side and foreign debt from the fiscal side, as well as the ineffective role of tax revenue in reducing inflation in Indonesia. Bank Indonesia needs to streamline policies related to interest rate management in regulating the money supply. The government needs to make efforts to increase the effectiveness of tax revenues and state spending to minimize its foreign debt.

ANALISA DAMPAK KREDIT DARI LEMBAGA KEUANGAN TERHADAP PENDAPATAN UMK DI PROVINSI BALI

Usaha Mikro Kecil (UMK) merupakan skala usaha yang mendominasi pada perekonomian nasional maupun perekonomian regional Bali. Memegang peranan strategis, UMK masih memiliki keterbatasan dalam pengembangan usahanya. Salah satu solusi mengatasi keterbatasan tersebut adalah melalui tambahan modal dengan jalur kredit usaha dari lembaga keuangan. Dengan tambahan modal, pelaku usaha bisa memperluas pemasaran, menambah faktor produksi, memperbaiki kualitas output dan lain sebagainya. Namun disisi lainnya, dampak kredit juga memiliki efek yang negatif. Pembayaran hutang secara berkala maupun tambahan pembayaran melalui bunga kredit menjadi hal yang mempengaruhi kelancaran neraca keuangan perusahaan. Penelitian ini bertujuan untuk mengetahui dampak kredit terhadap pendapatan UMK di Bali. Data yang digunakan adalah data SE2016-Lanjutan dan PODES (BPS). Metode penelitian menggunakan teknik analisis Propensity Score Matching (PSM). Berdasarkan hasil pengolahan, kredit memiliki dampak positif signifikan terhadap pendapatan UMK.