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Published By Ministry Of Finance - Fiscal Policy Agency

1410-3249

2021 ◽  
Vol 5 (2) ◽  
pp. 146-157
Author(s):  
Liani Surya Rakasiwi

This study analyzed the impact of demography and socioeconomic status on individual health status in Indonesia. The data used Indonesia Family Life Survey 5 (IFLS 5). The study use logit regression model for analysis with health status variable as dependent variable. The other variable such as demography and socioeconomic status as independent variables. Socioeconomic status seen from two measures, namely education and income. The result of this study concludes the demography influence significantly on individual health status in Indonesia. Individual who lives in urban area has higher probability of being health by 1,02 percent compared to individual who lives in rural area. The other variable like socioeconomic status also influences significantly on the individual health status in Indonesia. Individual with longer years of education has higher probability of being health by 3,07 percent compared to individual with less years of education. Individual with high income has higher probability of being health compared to individual with low income.


2021 ◽  
Vol 5 (2) ◽  
pp. 103-117
Author(s):  
Budhi Fatanza Wiratama ◽  
Farakh Khoirotun Nasida

The COVID-19 pandemic is a serious problem for the economies of many countries, including Indonesia. Low specimen testing capacity, causing uncontrolled transmission. The Indonesian economy is faced with a recession. The economic vulnerability to the COVID-19 pandemic needs attention as a basis for making the right policies. This study aims to build an economic vulnerability index to COVID-19 and map the vulnerability of the regional economy to form priority groups for economic policies. This index consists of two dimensions: exposure and shock. It was found that the score for Indonesia’s economic vulnerability index to COVID-19 reached 56,58. Provinces in Java Island tend to have high economic vulnerability, especially DKI Jakarta. Furthermore, the economic vulnerability index has a significant negative relationship with the GRDP growth in the 2nd quarter of 2020. Through quadrant analysis, four priority groups were obtained. Priority I consist of DKI Jakarta, Banten, West Java, Bali and DI Yogyakarta which need more attention because of high possibility of shocks and structurally more exposed to the economic impacts caused by the COVID-19 pandemic shocks.


2021 ◽  
Vol 5 (2) ◽  
pp. 118-145
Author(s):  
Tri Bayu Sanjaya

The Indonesian government expanded the zero-rated VAT regime on exports of services to include information and technology services, research and development services, and professional services and a number of other activities as stipulated in the Minister of Finance Regulation Number 32 Year 2019. This research projects economy-wide impacts of the policy with respect to information and technology services, research and development services, and professional services using the Global Trade Analysis Project (GTAP) model. Both short-run (i.e. fixed labour and capital) and longer-run (fixed labour with variable capital) economic environment is set to compare the results derived from two scenarios: elasticity scenario (i.e. rebating input VAT by 1%) and policy scenario (i.e. rebating input VAT by 4.57%). The main findings are that, although a majority of sectors are likely to contract in the short run due to the relocation of some resources in favour of business services, there is a likely long-run national economic benefit reflected by projected increases in export volume of business services, real wages, particularly for skilled labour, and real income.


2021 ◽  
Vol 5 (1) ◽  
pp. 74-90
Author(s):  
Muhammad Wiryo Susilo

The COVID-19 pandemic threatens the world's investment climate, including Indonesia. Indonesia is required to increase its business ease ranking so that it can compete in attracting investment. Tax administration has an important role as one of the factors determining the ease of doing business according to the World Bank. The ease of paying taxes in Indonesia has continued to increase from time to time but is still lagging behind other countries. This study aims to analyze the efficiency of tax administration in relation to the ease of doing business in Indonesia; enrich the literature on tax administration efficiency policies; and provide recommendations for improvement of ease of doing business through efficiency of tax administration based on tax administration theory and relevant concepts of ease of doing business. This research uses a descriptive qualitative approach. The results showed that the ease of paying taxes in Indonesia is still low and there are three indicators that need to be improved, namely payment, time and filling index. The author recommends simplifying tax payment types, utilizing cashless payment methods through digital services and using Artificial Intelligence in making tax decisions.


2021 ◽  
Vol 5 (2) ◽  
pp. 91-102
Author(s):  
Militcyano Samuel Sapulette ◽  
Teguh Santoso

Given the unprecedentedness and scale of the COVID-19 pandemic, the impact and effectiveness of fiscal, monetary, and public health policies in response to the pandemic are largely unknown. This paper aims at presenting empirical evidence on the response of the financial sector to fiscal, monetary, and public health policies implemented during the pandemic. Using random effect estimation with data from 40 economies, we find that the financial sector does not respond significantly to fiscal stimulus, the monetary policy relaxation during the pandemic also has less magnitude of impact, stricter physical containment measures are also found to be positively and significantly affect financial sector performance.


2021 ◽  
Vol 5 (1) ◽  
pp. 50-73
Author(s):  
Nugroho Agung Wijoyo

The Indonesian Deposit Insurance Corporation (LPS) initially imposed the flat rate premium system, the same premium rate for all banks, which is 0.2% of the total third party funds (DPK) of commercial banks. However; when there is a change in the value of deposits guaranteed, LPS needs to change from the flat rate premium system to the Differential Premium System. This study uses Probability of Default (PoD), derived from the Merton Model (1974), for each individual Commercial Bank in Indonesia in implementing the Differential Premium System as the mandate of Article 15 paragraph (1) of the Law. Thus, each individual bank will pay a premium in accordance with the probability of default to LPS. This study finds that the average of probability of default of all commercial banks in the period 2002-2014 reaches 57.12%. Bank that has the smallest average Probability of Default (PoD) is Bank 151  with a PoD of 14.10% and an AA category rating. The second position is Bank 427 with a PoD of 18.20% and a rating of A. While the third position is Bank 14 with a PoD of 18.70% also with a rating of A. This study finds that the Differential Premium System in Indonesia can be implemented, given that LPS revenue will not be reduced much or at least close to the flat rate premium system, when LPS imposes the Differential Premium System.


2021 ◽  
Vol 5 (1) ◽  
pp. 21-34
Author(s):  
Ferry Prasetyia

The phenomenon of rapid economic growth but also increasing income inequality, need a new paradigm in policymaking that promotes inclusive growth. The change in development paradigm requires a quality of government. Therefore, this study aims to analyze the effect of the local government quality on inclusive growth in all districts/cities in East Java Province. Fiscal conditions and regional financial performance measure the quality of government. Meanwhile, inclusive growth is measured by the BAPPENAS inclusive development index. By using panel data regression analysis, the estimation results show that the fiscal conditions and regional financial performance have a significant and positive effect on inclusive economic growth in the regions.


2021 ◽  
Vol 5 (1) ◽  
pp. 35-49
Author(s):  
Kanetasya Sabilla

Transformasi Hijau dan Implikasinya terhadap Daya Saing BerkelanjutanAbstractThis paper examines the linkage of green transformation and competitive advantage at the global level using constant market share and global value chain analysis. Constant market share analysis is used to measure a country’s trade contribution by comparing a country’s export growth with world export growth. Global value chain analysis is also employed to strengthen the constant market share analysis by looking at the role of green transformation in boosting the Indonesian competitiveness in the global supply chain. To achieve the objective of this study, data was collected from secondary sources such as the United Nations Comtrade Database and Asian Development Bank multi-regional input-output (ADB MRIO) for the period of 2000-2018. Constant market share analysis shows that dirty manufactured products from Indonesia can no longer be relied on to compete in the US and European markets due to the increasingly stringent environmental standards and regulations in those countries. Meanwhile, global value chain analysis finds that the clean manufacturing industry has higher competitiveness than the gross manufacturing industry at the global market level. For this reason, this study concludes that the future of Indonesia's manufacturing industry to compete at the global level is in the hand of the clean manufacturing industry.Keywords: green transformation; competitiveness; environmental regulation;  constant market share analysis;  global value chain analysisJEL Classification: F14, F18, Q56


2021 ◽  
Vol 4 (3) ◽  
pp. 263-280
Author(s):  
Ferdian Fadly

In response to the coronavirus disease 2019 (COVID-19) pandemic, several national governments have implemented lockdown restrictions to reduce the risk of infection. However, this will have an impact on the economy of a country, including Indonesia. This study will analyze the effect of mobility restrictions on the economic growth in Indonesia during the pandemic in 2020. The data used are real-time data on community mobility report provided by Google. Data processing begins with factor analysis, followed by multiple linear regression. This study aims to model the changes in community mobility as exogenous factors affecting economic growth. As a result, restrictions on community mobility, particularly related to job factors, significantly affect the economic development of an area, particularly in the provinces of Java Island. The resulting model would explain 96.97 per cent of the variations in regional economic growth in Indonesia in 2020. Besides, this study predicts that 25 provinces will experience a recession in the third quarter of 2020. This forecast is the result of economic growth estimated using the current condition. Learning the association between mobility and economy is essential to understand how much restrictions or relaxations needed that can be appropriate to our economy during the pandemic.


2021 ◽  
Vol 5 (1) ◽  
pp. 1-20
Author(s):  
Roymon Panjaitan ◽  
Echan Adam ◽  
Dian Indriyani

This research study discussion objectives to fulfill the research gap in the findings of inconsistent business strategy capabilities of SME players from reactive innovation, by incorporating the ability of marketing architecture to achieve competitive advantage and the ability of techno resonance innovation as factors that provide stimulus through reactive innovation on competitive strategies and contribute directly to competitive advantage, where working capital is included to moderate the direct relationship of creative innovation to competitive advantage , as well as techno resonance innovation capabilities on competing business strategies. Post-pandemic business optimization, not only the required venture capital but the importance of capturing the resonance of business opportunities and marketing design capabilities. Nine hypotheses were residential and tested in the framework of a sample of 156 SMEs in Central Java, Indonesia. The findings of this study contribute three contributions to conceptual techno-resonance innovation capabilities. First, techno-resonance innovation capabilities are proven to enhance reactive innovation and competitive business strategies, both working capitals strengthen competitive business strategies and provide a complementary advantage, the third reactive innovation has the potential to mediate techno resonance innovations on competitive business strategies and competitive advantages. But other marketing architecture capabilities need to be optimized, such as aggressive marketing dissemination and information design forms.


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