PELATIHAN, PENGAWASAN DAN PEMBERDAYAAN, PENGARUHNYA TERHADAP KOMITMEN ORGANISASIONAL

ABSTRACTThis study aims to determine the effect of training, supervision and empowerment against organizational commitment of National Education Service Official of Bone Bolango Regency. The data used in this study is the primary data sourced from the filling questionnaire. The population of this research is 62 employees using census method. The analytical technique used to answer the research problem and test the hypothesis is multiple regression analysis with the help of Statistical Product Service Solution (SPSS) software used to analyze the data. The findings of this research there are positive and significant impacts of training, supervision and empowerment toward Organizational Commitment of National Education Service Official of Bone Bolango Regency.Keywords: training; supervision; empowerment; organizational commitment

ANALISIS SUPPLY CHAIN MANAGEMENT DI UMKM DESA SAMBIREJO

ABSTRACTThis study aims to examine the business processes through the MSME supply chain, specifically in the chain of raw material access, production processes to marketing processes. The objects of this research focusing on five most developed MSME in Sambirejo Village, Ngawen, Gunung Kidul namely food, processed zinc, woven cloth, tile and local gabion. The business processes analyzed by using supply chain management approach. This study conducted a qualitative method based on interview and observation. Results of the study show that the pattern of MSME supply chains in Sambirejo Village is still relatively simple. In their processes, these MSME supply raw materials from suppliers or distributors of raw materials then process them. Afterwards, they distribute them to consumers using two different distribution methods (dual channel) there are distribute it directly and through an intermediary.Keywords: business process; UMKM; supply chain management

DAMPAK KEBIJAKAN TAX HOLIDAY PADA ALIRAN MASUK FDI INDUSTRI PIONIR DI INDONESIA

ABSTRACTIn 2011, the Indonesian government issued a Tax Holiday policy as an incentive to attract investment. However, the policy is still considered not optimal in increasing FDI realization in Indonesian pioneer industry. This study aims to analyze the influence of the Tax Holiday policy in increasing the realization of direct investment in Indonesian pioneer industry; as well as to investigate other factors influencing the inflow of Foreign Direct Investment (FDI) in the industry. The results of descriptive analysis and VECM show that Tax Holiday policy has increased the realization of direct investment of pioneer industries in 2012 and 2014 by 5.17% and 4.66%, respectively. In addition, there are other factors that influence the FDI inflow to the Indonesian pioneer industry, namely: GDP, economic openness, labor force participation, loan interest rates, exchange rates, and per-capita GDP. Maintaining the stability of these factors is important to support Tax Holiday's policy in increasing direct investment activities in Indonesia pioneer industry.Keywords: tax holiday; Foreign Direct Investment; Indonesian pioneer industry

DISENTANGLING INDONESIAN BANKING COMPETITION BASED ON BUKU CLASSIFICATION: IMPLICATIONS ON BANK SOUNDNESS

ABSTRACTCompetition has long been debated as a vital factor determining banking performance and stability. The broad perspectives are divided into two streams, the ‘competition-fragility’ and ‘competition-stability’ view. Banking industry in Indonesia is experiencing consolidation waves as an effort to strengthen capital and enhance intermediation performance. The consolidation, however, inevitably alter the degree of competition. In this study, we propose a detailed assessment of competition effect through disentanglement amongst different bank clusters, particularly with respect to BUKU classification. The separation is done through Fixed Effect Vector Decomposition method, complemented by interaction variables. We found an indication that competition amongst Indonesian banks can be divided into two segments: the first containing BUKU1 and 2, while the latter BUKU3 and 4. Observing 57 banks using monthly data in 2006-2015, our study supports the competition-stability view, suggesting competition has positive influences on bank soundness. Adding more market power to the leader in each segment (BUKU2 and BUKU4, respectively) would have insignificant, if not malign, effect; the opposite for the challenger. Further, aside from competition, we found that interbank interaction promotes soundness.Keywords: competition; bank soundness; fixed effect vector decomposition

TELAAH INSENTIF PAJAK PENERBITAN BUKU

ABSTRACTThe creative economy is expected to be increasingly able to improve the quality of national economic development. The publishing sector which is one of 16 (sixteen) creative industry fields is expected to play a more important role to educate people. Thus, it is necessary to develop supporting publishing industry in Indonesia. This article is intended to answer the following five issues: (i) how are the developments, obstacles, opportunities and challenges in the publishing activities? (ii) what is the value chain of publishing business, and how is the tax policy in each chain? (iii) how should tax book publishing incentives be provided? (iv) what is the impact of providing tax incentives on the prospects of a publishing business? (v) how can the provision of tax incentives encourage the development of the publishing sector and the competitiveness of its industry? This study uses a mixed method approach and information deepening is carried out in 7 provinces in Indonesia. This article has resulted two special findings: (i) identifying crucial issues in the book publishing industry; and (ii) produce a formulation of government policy recommendations, specifically to provide tax incentives to encourage the growth of the publishing sector.Keywords: creative economy; publishing book; tax incetives

PENGARUH ALIRAN MODAL ASING TERHADAP PERTUMBUHAN EKONOMI DI ASIA

ABSTRACTCapital account liberalization possibly promotes growth. However, the policy is considered a source of crisis. This study examines the effect of foreign capital inflows, in terms of FDI (Foreign Direct Investment) and FPI (Foreign Portfolio Investment), on economic growth and examines the determinants of capital flows to selected Asian countries over the 1998-2017 period. Based on the Two-Stage Least Square result, higher USA growth rates and lower interest rate differential are push factors of FDI, while domestic economic growth is a pull factor of FDI and FPI. The long-run FDI positively and significantly affects growth, whereas FPI has a negative but non-significant effect. The result indicates that an increase in growth can boost FDI inflows thereupon leads to higher growth. Keywords: economic growth; capital flows; liberalization

EFISIENSI SEBAGAI BASIS KEBIJAKAN PENYELENGGARAAN PERUMAHAN RAKYAT

Compared to other countries, housing financing in Indonesia is relatively left behind. In Indonesia, housing financing is dominantly by banking’s mortgage loan. Furthermore, the ratio of home loan to GDP of the country is still insignificant. If we compare to other countries’ banking sector, Indonesia’s banking sector is less efficient. This could be observed from the interest rate spread of the banking sector. This article argues that, housing policy in Indonesia should focus on improving housing financing efficiency through: efficient primary housing financing, liquid and stable bond market, and supporting regulation based on cost and benefit analysis; in order to provide affordable housing for low income people in Indonesia. Keywords: housing financing; housing policy; banking sector efficiency; Indonesia

HUBUNGAN TIMBAL BALIK ANTARA ARUS MASUK FOREIGN DIRECT INVESTMENT DAN HUMAN CAPITAL DI INDONESIA DAN INDIA

Foreign Direct Investment (FDI) benefits the host country by technology transfer and spillover effect toward its workforce. Meanwhile, the quality of human capital (HC) in the host country may attract FDI. This study aims to examine the relationship of FDI inflow and the quality of HC in Indonesia and India and to investigate FDI orientation. Applied two-stage least square to time series data of the year 2000-2015, the result shows a causal relationship between FDI and HC in Indonesia, but one-way relationship from FDI to HC in India. Government spending on education and health has positive effects on HC in both countries. In Indonesia, FDI is positively affected by HC and growth, while in India, only by country risk index.Keywords: Foreign Direct Investment, human capital, two stage least square

PENGARUH E-COMMERCE TERHADAP PERTUMBUHAN EKONOMI INDONESIA

The rapid development of information and communication technology has caused the emergence of a new economy, indicated by the phenomenon of internet-based businesses or e-commerce. This research uses the Auto-Regressive Distributed Lag (ARDL) approach to analyzes the impact of e-commerce on Indonesia’s economic growth in 1996-2015. The results show that the development of e-commerce as represented by the increase of the number of e-commerce transaction value, the increase of the number of business websites, and the number of internet users is proven to bring positive impact on Indonesia’s economic growth. This validates the hypothesis which states the increasing number of e-commerce transaction value, which is formed by the interaction between business websites as the supply indicator and the internet users as the demand indicator, shall bring enhancement to the intensity of macroeconomic activities. However, the effect is only significant for the long-run relationship but is not significant in the short-run relationship. Keywords: e-commerce; economic growth; ARDL

ANALISIS EFISIENSI USAHA TERNAK SAPI PERAH MENGGUNAKAN STOCHASTIC FRONTIER ANALYSIS

The Milk Self-sufficiency Program that is targeted to be reached by the year of 2020 is threatened by the increasing of milk imports. Local milk production can only meet 18 to 20 percent of the national milk demand. This study aims to investigate the level of technical efficiency of the people's small hold farmers’ cattles in Java and to analyze factors that influence milk production using Stochastic Frontier Analysis. The results showed that the feed per animal per day had a positive effect on the average milk production per animal per day; while the size of cage per animal had a negative effect. The average level of efficiency of dairy cattle business in Java is 83.56 percent, but statistically there are effects of inefficiency in this business. Factors that influence the inefficiency of livestock businesses are: the farmer’s age, the farmer’s educational level, participation of the farmers in cooperatives and farmer groups.Keywords: dairy cows; Stochastic Production Frontier; technical efficiency