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Economics and Finance in Indonesia
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  This is an Open Access Journal Open Access journal
ISSN (Print) 0126-155X - ISSN (Online) 2442-9260
Published by Universitas Indonesia Homepage  [20 journals]
  • On Nonlinear Relationship between Inflation and Economic Growth: A Study
           of ASEAN-5 Countries Period 2000–2016

    • Authors: Ambar Galih, Sugiharso Safuan
      Pages: 1 - 12
      Abstract: Money (inflation) has played a vital role in economic growth. However, the nexus between them has always drawn mesmerizing debates. From the thoughts of Classical and Keynes which argued the existence of money neutrality, to the level of empirical studies which find either positive or negative correlation between inflation and economic growth. Recent studies concerning the debatable relationship have evolved it into a hypothesis whether the relation is nonlinear with a threshold or a point where the link switches. This study aims to re-examine the causality between inflation and economic growth in ASEAN-5 countries period 2000Q1–2016Q4. The results based on Threshold Vector Autoregression model indicate the presence of a nonlinear relationship between the two variables.
      PubDate: 2018-04-20
      DOI: 10.7454/efi.v63i1.565
      Issue No: Vol. 63, No. 1 (2018)
  • Indonesia Poverty Reduction Strategies: Shifting policies to promote
           employment in the poorest four deciles

    • Authors: Ardi Adji, Sri Hartini Rachmad
      Pages: 13 - 37
      Abstract: This paper observes the working status and conditions of people who fall into the poorest four deciles in Indonesia. The research aims to provoke policy shifts in the drive to accelerate poverty reduction in Indonesia, taking a longer view of people being more employable and less dependent; also identifying the dominant factors preventing people from moving out of poverty and improving their life quality. By comparing elements of gender, age, education and health against employment status and opportunities. Simultaneously social assistance and protection programs are evaluated in relation to their stated target groups to determine their suitability and their impact.
      PubDate: 2018-04-20
      DOI: 10.7454/efi.v63i1.566
      Issue No: Vol. 63, No. 1 (2018)
  • Economic Impact of Imposing Excise Tax on Plastic Bottles of Drinks

    • Authors: Eugenia Mardanugraha
      Pages: 38 - 52
      Abstract: This research simulates the effect of imposing excise tax on plastic container of drinks towards economic performance of beverage industry in Indonesia and governmentâ˘A ´Zs tax revenue. The results showed that by imposing excise tax on plastic cups and plastic bottles the government would lose tax revenue from value added tax (PPN) and corporate income tax (PPh badan) more than they gain additional revenue from excise tax. Hence, imposing excise tax on drink containers should serve a clear purpose and an undeniable reason. This paper recommends the government to develop proper excise infrastructure to extend the goods or services to be taxed. This paper also recommends the required stages for extending the excise tax. 
      PubDate: 2018-04-20
      DOI: 10.7454/efi.v63i1.567
      Issue No: Vol. 63, No. 1 (2018)
  • Balance of Payment Dynamic in Indonesia and the Structure of Economy

    • Authors: Telisa Falianty
      Pages: 53 - 80
      Abstract: This paper will assess in aggregate and detail the trend of BOP and its component in Indonesia. Stationarity test will be employed to each component of Indonesian BOP to assess the persistency. This study will calculate the balance of payment constrained growth (BOPC) using Kalman Filter technique (state space model). The BOP, secondary income, and financial account are found to be stationer which means that the data are mean reverting. On the other hand, current account balance, trade balance, service balance, primary income, and capital account balance are unit root. This paper found the evidence of the importance of commodity price to Indonesian current account and export. Indonesian dependency on commodity-based export need to be restructured. Indonesia should also consider the side effect of FDI as a source of financing for current account deficit, without ignoring the positive effect of FDI and the volatility of portfolio investment. The persistency of primary income deficit should also become Indonesian future policy agenda.
      PubDate: 2018-04-20
      DOI: 10.7454/efi.v63i1.568
      Issue No: Vol. 63, No. 1 (2018)
  • Provinces and Local Government Revenues Structures and Intra-Province
           Economic Disparity

    • Authors: Riatu M. Qibthiyyah
      Pages: 81 - 96
      Abstract: One of major policies of Indonesia Decentralisation is the adoption on various type of revenue sharing among provinces and local governments and also the devolved of taxes to lower level government in particular to the province level. Challenges of policy toward higher degree of revenue autonomy, is that an increase in revenue sharing as well as devolved taxes would enhance economic disparity among regions. Further, our finding shows that different types of revenue sharing seem to have different effect on intra-province economic disparity.
      PubDate: 2018-04-20
      DOI: 10.7454/efi.v63i1.569
      Issue No: Vol. 63, No. 1 (2018)
School of Mathematical and Computer Sciences
Heriot-Watt University
Edinburgh, EH14 4AS, UK
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