Evaluasi Kritis Kinerja IMF Dalam Krisis Asia

The IMF established after World War II is a part of world society's effort to save the world from economic depression. Initially it had well-defined purposes. With the collapse of fixed exchange rate system in 1971, the IMF lost its original purposes. The institution then brings free market ideology. Fiscal Austerity, privatization and market liberalization are the three pillars of Washington Consensus advice to help countries facing economic problem. Washington Consensus, however, was designed originally to respond economic problem in Latin America where those countries have huge deficit and loose monetary policy. It is not surprise that these recipes cannot run well in the case of the East Asia Crisis. Indeed, the IMF's advice worsened the economic crisis of the regions and spread to other region

Aplikasi Model Arch Kasus Tingkat Inflasi di Indonesia

In forecasting financial time series such as inflation, there is a reason to believe that variance of error term is volatile. Reseachers are likely to find periode of high volatility with large errors, then it is followed by periode of low volatilty with smaller errors. The variability could occur because the financial market is very sensitive to changes in government monetary and fiscal policies, even non economic factor such as political upheavals, rumors etc. The variance of errors is not constant but varies from one period to another period. It contains some kind of outocorrelation in the variance of errors. This model is so-called autoregressive conditional heterscedasticity (ARCH).The goal of this study is to apply ARCH model in estimating financial time series in Indonesia with montly data of inflation during 1994.1-2002.4 period and to compare it with OLS model. The inflation data exhibit volatility, suggesting that variance of inflation varies over time. By using the ARCH model, the results prove that ARCH-M model with maximum likelihood estimation gives better results than the OLS one

Analisis Permintaan Impor Indonesia: Pendekatan Komponen Pengeluaran

This study analyzes Indonesian aggregate imports by using expenditure components approach since Indonesian Economy relies highly on import. The relationship between ag¬gregate imports and the component of final demand expenditure namely public and private consumption expenditure, investment expenditure and export is investigated because the dif¬ferent components of final demand expenditure have different import contents. In addition, the model also includes price of import as a determinant demand for import.Johansen Multivariate co integration is proposed to analyze the import behavior in the long run. To examine response of import to its determinants in the short run, an error correction model is applied. Quarterly data during 1990.1-2003.2 are used for the analysis. The results demonstrate both the components of final demand expenditure and price of im¬port are all important factor in determining aggregate demand for imports not only in the long run but also in the short run

Food Demand in YOGYAKARTA: Susenas 2011

The impacts of economic and demographic variables on food demand in Yogyakarta are estimated usingthe Almost Ideal Demand System (AIDS). Data from the national social and economic survey of households(SUSENAS) in 2011 are used to accomplish the goal of this study. Food demand consists of cereals, sh,meats, eggs and milk, vegetables, fruits, oil and fats, prepared foods and drinks, other foods and tobaccoproducts. Results show that except for meat and tobacco products, demand elasticities for the rest of foods areinelastic and cereals is the least responsive to price change. All ten studied foods are normal good, but theirincome elasticities are very inelastic

Ketidakstabilan Ekspor dan Ekonomi Indonesia

Perekonomian Indonesia adalah perekonomian yang menganut sistem ekonomi terbuka. Di dalam sistem ini lalu lintas ekonomi Internasional mengambil peranan yang penting di dalam perekonomian dan pembangunan suatu negara. Pentingnya lalu lintas ekonomi Internasional bagi Indonesia dapat dilihat dari rasio perdagangan luar negeri terhadap Produk Domestik Bruto (PDB)

Produktivitas Dan Pertumbuhan Industri Di Indonesia

An industrilization is a strategic effort to restructure economy and to change society\u27s life because it can transform an agricultural society that is static to become an industrial society that is dinamic

Estimating Profitability of Islamic Banking in Indonesia

The Islamic banking industry in Indonesia had experienced rapid growth since the government passed the Islamic banking law in 2008. Although growing fast but the market share of Islamic banking was still low. To increase the market share of Islamic banking, it was necessary to encourage Islamic banking performance. One of the performances of Islamic banking investigated in this study was profitability. We examined the profitability of Islamic banking using both internal and external factors. The method used to estimate the profitability of Islamic banking was the Autoregressive Distributed Lag Model (ARDL) method with monthly data. The estimation results showed that both internal and external factors affect the profit of Islamic banking. Asset, FDR, efficiency, and NPL affect profitability. An important variable affecting profitability were the bad financing (NPF). While the external factor influencing the profit of Islamic banking was the exchange rate and inflation. The implication of this result was that Islamic banking must be able to manage well the bad financing. Since NPF also depends on macroeconomic conditions, the government must be able to manage macroeconomic performance well such as stabilizing the exchange rate.JEL Classification: G21, G24DOI: https://doi.org/10.26905/jkdp.v22i3.219

Penduduk Dan Pertumbuhan Ekonomi Di Indonesia: Analisis Kausalitas

Impact of population on economic growth had been questioned a long time ago, Classical economist, Adam Smith, emphasizes that high rate of population growth would support economic growth through specialization and division of labor. In other hand, Thomas R. Mathus, another classical economist, emphasizes the negatives effect of population investment rate and in turn results in a lower of economic growth

Dampak Penerbitan Sukuk dan Obligasi Konvensional terhadap Return Saham Perusahaan di Indonesia

Capital markets are an integral part of economic activity in many countries. One type of capital market is bonds. In Indonesia has developed two types of bonds are syariah-based bonds called sukuk and bonds are not based on sharia. The purpose of this study is to analyze the impact of issuance of sukuk and conventional bonds on stock returns. The company under study is a company that issues both sukuk and syariah bonds. This study uses event study to see the reaction of capital market to the event of issuance of sukuk and conventional bonds. The results showed that the abnormal return of stock is only influenced by variable of maturity value of sukuk and conventional bond. Thus, the stock market is not very responsive to the issuance of sukuk or conventional bonds