Analysis Of Exchange Rate Pass-through, Fear Of Floating, And Implementation Of Inflation Targeting Framework

This paper analyze the exchange rate pass-through and fear of floating behavior on 18 countries that adopting Inflation Targeting Framework (ITF). Vector Error Correction Model (VECM) is used: (1) to estimate the effect of exchange rate depreciation to inflation (passthrough); and (2) to examine the indication of fear of floating behavior. The result shows that passthrough effect has decreased in most countries after ITF where middle income countries have higher passthrough than high income countries. This effect did not disappear completely and still has a significant role to drive inflation. The interventions on exchange rate movement can be interpreted more as control of inflation than fear of floating. The implementation of ITF especially in middle income countries needs further to be reconsidered since it requires inflation as the only nominal anchor

Determinan Intensitas Energi Di Indonesia

Studi ini memperkaya kajian energi di Indonesia dengan menganalisis konsumsi dan intensitas energi, sertafaktor-faktor yang memengaruhi intensitas energi di Indonesia baik secara agregat (nasional) maupunsektoral. Indeks Ideal Fisher digunakan untuk mendekomposisi Perubahan intensitas energi (esiensi danperubahan aktivitas ekonomi). Analisis Vector Autoregressive (VAR) atau Vector Error Correction Model(VECM) digunakan untuk menganalisis pengaruh variabel-variabel ekonomi terhadap intensitas energi.Studi ini menunjukkan bahwa intensitas energi di Indonesia meningkat selama periode 1977-2010. Faktorutama yang memengaruhi intensitas energi di tingkat nasional adalah Perubahan aktivitas ekonomi,sedangkan di tingkat sektoral adalah efek esiensi

Faktor-Faktor yang Memengaruhi Non Performing Financing pada Bank Umum Syariah Indonesia Periode 2010-2014

The objective of this study is to determine the internal and external factors affected non-performing financing in Islamic Banks Indonesia, 2010-2014. The samples used were 11 Islamic Banks in Indonesia 2010-2014. This study used panel data with annual data obtained from the bank's 2010 to 2014 annual reports of banks. The results showed that the Capital Adequacy Ratio (CAR), Bank size, overhead cost and SBIS rate have a significant negative effect on Non Performing Financing, while the FDR, NIM, KAP and BI rate have a significant positive effect on Non-Performing Financing. Commercial Bank needs to monitor the level of Capital Adequacy Ratio (CAR), Bank size and improve the quality of operational management on overhead cost. In addition, Islamic Banks should be more sensitive to macroeconomic conditions, especially the level of BI rate and yield rate of SBIS so it can determine precisely the financing policy in order to control the level of NPF at a reasonable level

Analisis Inklusi Keuangan dan Pemerataan Pendapatan di Indonesia

Recent study showed that increasing access and USAge of banking services reduce income inequality. Nowdays banking access in Indonesia is increasing but income equality gap is widening. Therefore, by using secondary data from 33 provinces 2007-2011, this paper aims to measure the level of access and USAge for financial services across provinces in Indonesia by Index of Financial Inclusion, analyze the factors that affect financial inclusion by panel tobit regression, and describe the relationship between financial inclusion and income distribution in Indonesia. The results show that the level of financial inclusion in Indonesia is classified as low. The size of the economy and income inequality positively affect the level of financial inclusion. Opposite the research hypothesis, widening income inequality lead to higher financial inclusion in Indonesia. Moreover, the number of mobile phone and the internet user affect positively the level of financial inclusion in Indonesia. Income inequality and financial inclusion has a one-way relationship, income inequality affects financial inclusion in Indonesia but does not vice versa

Modeling the Profitability of Commercial Banks in Indonesia

This study examines the effect of lending on Micro, Small and Medium Enterprises (MSMEs) on the profitability of commercial banks in Indonesia. The profitability is measured as Return-on-Assets (ROA) and Return-on-Equity (ROE). It covers the period of 2011 to 2014 using a panel data regression. It finds that MSME loans have a positive impact on ROE. Other internal factors that significantly influence the profitability of banks are MSME's NPL (non performing loan), the operational efficiency ratio (OER) and loan-to-deposit ratio (LDR), while external factors that significantly influence the profitability of banks are inflation, Gross Domestic Product (GDP) growth and the Bank Indonesia (BI) rate

Risiko Produksi Ayam Broiler dan Preferensi Peternak di Kabupaten Bekasi

Broiler farms are dealing with many risks, especially the risk of production due to the mortality. This study aimed to: 1) analyze the factors that affect the production of broiler chickens, 2) analyze the risks faced by broiler farmers, and 3) analyze the risk preferences of production. This study used two business patterns of broiler chicken farms, i.e. cooperation/partnership and independent. This study was conducted in Bekasi, a research area which was intentionally chosen in a consideration that the area hasg a positive population trend. There were 74 breeders involved in this study. The analysis was conducted by using Just Pope function model and utility maximization. The results suggest that the factors affecting broiler production include feeds and husks for the independent farmers. Feeds, vaccines and density are influential variables for production by the cooperative farmers. The variables that increase the production risks in the independent farmers include vaccines, labor, and husk, while the variable affecting the cooperative farmers is labor. The variable that can minimize risks for the independent farmers is feeds, while for the cooperative farmers, the variable is vaccine. The risk preference of the independent farmers on the overall input USAge is the risk averse or a tendency to avoid risk. Broiler chicken farms require a counseling to improve their quality of human resources, accurate schedule of vaccine applications, and attention to husk condition in order to reduce risks

Determinan Angka Partisipasi Sekolah SMP Di Jawa Barat

West Java province's junior secondary school enrollment rate is still below the Millenium Development Goal of universal primary education by 2015. Panel data of 26 districts in West Java, Indonesia, was used to analyze the determinant factors of junior secondary school enrollment rate. The study shows that GRDP per capita and education level of the household head positively infuence junior secondary enrollment rate, in contrast poverty rate and number of child labour had negative impact. This study suggests that government should increase local revenue to enable the people to have sufficient income for attending school, especially for the poor. The government is also expected to increase the availability of schools

Efisiensi Teknis, Alokatif dan Ekonomi pada Usahatani Ubikayu di Kabupaten Lampung Tengah Provinsi Lampung

Efficiency is one of the factor that play an important role in determining the level of productivity. This research aims are (1) to analyze the factors that affect cassava production, (2) to measure the level of technical, allocative and economic efficiencies, (3) to identify the factors that influence the technical inefficiency in Central Lampung Regency. The study was conducted in Central Lampung Regency, Lampung Province. The purposive sampling method was used to select area study and simple random sampling technique was used to collect 78 cassava farmers in the study area. Data were analyzed with the stochastic frontier production function model and cost function dual frontier. The results shows that the land, seed,fertilizer N and fertilizer K variable significantly affected cassava production. The level of technical, allocative and economic efficiencies of cassava farming were not efficient with average technical, allocative and economic efficiencies value respectively of 0,69; 0,71; and 0,47. This indicates that cassava farmers in Central Lampung regency has not been optimally allocate the use of inputs at the level of the minimum cost. Socio-economic variables that significantly affect the technical efficiency is age, the time of harvest, family size, and access to credit

Pengaruh Infrastruktur dan Kelembagaan terhadap Kinerja Ekspor Agregat dan Sektoral Indonesia

Export performance of a country is influenced by many aspects, some of which include infrastructure and institutionalization. The major problem that is faced by Indonesia is the low quality of infrastructure and institutionalization; as a result, the trading cost is relatively high. If this is not dealt immediately, it will cause a decline in the Indonesian export performance. This research was aimed to analyze the influence of infrastructure and institutionalization as well as other related variables on the performance of aggregate export, agricultural materials, foods, and manufactures of Indonesia. The research used secondary data with time series between 2005 and 2013 and cross-section of the Indonesian export main target countries. The research used a gravity model with fixed-effect estimation methods. The results of the research showed that infrastructure and institutionalization as well as other related variables influenced the Indonesian export flows. Based on the findings mentioned above, in order to increase Indonesian export, it is important to improve the infrastructure and institutionalization performances that are related, firstly, to the capacity and quality of transportation infrastructure, especially roads and ports; secondly, to optimization of communication information technology, especially the use of e-marketing; thirdly, to increased quality of Indonesian governance, especially control of corruption, rule of law, regulatory quality and government effectiveness; and fourthly to acceleration of export duration and simplification of export permit document. Furthermore, Indonesia needs to review its import tariff policy that applies to export target countries and also review whether it is necessary to improve domestic support