Economic Growth, Trade and Environmental Issues: Testing Environmental Kuznets Curve

ASEAN experiences a dynamic economic growth due to its liberalised markets. However concerns arise related to environmental issues resulting from the economic activities. It reflects tradeoffs between economic growth driven by trade and foreign direct investment (FDI), and environment. To investigate such a relation the Environmental Kuznets Curve was applied by regressing amount of carbon emission with gross domestic product (GDP), quadratic GDP, trade openness and FDI. The result reveals that amount of carbon emission is linearly and positively correlated with GDP per capita. It is predicted that as ASEAN economies grow, carbon emission increases. Trade openness is also found to contribute to carbon emission

Analisis Dampak Infrastruktur Transportasi Dan Teknologi Informasi Komunikasi Terhadap Nilai Tukar Perdagangan Di ASEAN Dan Asia Timur

The cooperation among ASEAN countries and East Asia countries gives advantage and challenge for each member country. Each country can improve their term of trade through International trade. The aims of this study are to analyze the impact of transportationinfrastructure and information communication technology on term of trade in ASEAN countries (consist of Indonesia, Thailand, Singapore, Malaysia, Philipines and Vietnam) and East Asiacountries (consist of China, Japan, Hongkong and South Korea).This study used panel yearly data of term of trade, index of transportation infrastructure, cost of export/import, time to export/import, internet user, and export/import of communication devices. Time references were 2006-2011. Statics panel data modelwas used to determine the relationship between term of trade and these variables for ASEAN and East Asia.Dummy intercept was applied to explain the differences between ASEAN countries and East Asia countries. The results expose that both in ASEAN and East Asia Countries, transportation infrastructure andthe export value ofcommunication deviceshave a positive correlation on the term of trade, whereas cost of export has a negative correlationon term of trade. To increase the term of trade,each countryshould be improvethe quality of transportation infrastructure, increase export of communication devices,and reducethe cost to export

Transmisi Harga Kopi Antara Pasar Indonesia Dengan Pasar Tujuan Ekspor Utama

Indonesia is the world\u27s fourth biggest coffee exporter with a market share of 9.7 %. This study examined the asymmetric price transmission in the coffee market between the importing countries (United State, German, and Japan) and Indonesia. AECM (Asymmetric Error Correction Model) was used to examine the asymmetric price transmission by using the monthly data from 2005 to 2014. The result of the study showed that there is no price asymmetry in the coffee market in the long run because there is no market power in the coffee market; however, in the short run, there is asymmetry price transmission in the United State and Japan due to the adjustment cost

Trade Creation dan Trade Diversion antara Indonesia dan Negara-negara Asean-korea

Indonesia has several free trade agreements with trading partners that aimed to eliminate tariff and non tariff trade barriers. One of the free trade agreements is ASEAN-Korea FTA. Trade agreement in goods in ASEAN-Korea FTA was agreed since 2007 and now it is entering the implementation phase. The objective of this research is to determine whether the ASEAN-Korea FTA would increase the trade flows between Indonesia and ASEAN-Korea\u27 countries by analyzing the impact of regional integration on trade creation and trade diversion. This research is utilized balance panel data including 13 countries from 1998-2012. The empirical result shows that all Indonesia\u27s trading sectors experienced decline because of trade diversion and trade creation does not occur. Indonesia\u27s import trading with the non-member countries of ASEAN-Korea is 68% lower than the existing trading

Modal Intelektual Pada Perusahaan-Perusahaan Di Sektor Keuangan Yang Terdaftar Di Bursa Efek Indonesia Periode 2010-2014

This study aimed to analyze the company's intellectual capital in the financial sector. The financial sector companies listed in the Indonesian Stock Exchange (BEI) 2010-2014 was used as the sample. The sample selection using purposive sampling method. The data used in this study were secondary data from company annual report obtained from the official website of Indonesia Stock Exchange. Measurement of intellectual capital in this study using a model of Value Added Intellectual Coefficients (VAIC) and measurement of financial performance using ratio analysis with ROA as profitability variable, ATO as productivity variable, and GR as variable growth. The results showed that the overall financial performance of the financial sector in the period of observation were top performers and common performers. Based on the value of company's intellectual capital, the intellectual capital components contributed most was human capital

Struktur, Perilaku dan Kinerja Pemasaran Biji Kakao di Kabupaten Parigi Moutong Provinsi Sulawesi Tengah

Parigi Moutong is one of cocoa production center in the Central Sulawesi province. The problem faced by cocoa farmers in Parigi Moutong is the weak bargaining position of farmers in the price determination. The purpose of this study is to analyze cocoa beans market structure, conduct and performance at Parigi Moutong district. The methods used are market concentration and exit barriers to analyze market structure; market conductand farmer share and marketing margin to analyze market performance. The results show that the market of cocoa beans has four marketing channels which the highest total margin is on 2nd channel (Rp 25 465 and oligopsony structure. The most efficient marketing channel is channel 3 with 58.01 percent of farmer share. One of alternatives to increase farmer's bargaining position in determining the cocoa price is by improving the cocoa quality through fermentation. This can be conducted by the farmer empowerment systematically and sustainably

Capital Adequacy of the Banking Industry in Indonesia

This study analyzes the relationship between credit risk and profitability on the capital adequacy ratio (CAR) of commercial banks in Indonesia. The empirical model result shows that credit risk and profitability performance altogether significantly influence the capital adequacy ratio (CAR). Partially, the variables that significantly influence the CAR are the characteristics and complexity of the bank group. This study also suggests that the pace towards the long-term balance is, in general, less than one year. Capital ratio in the banking industry is 8%, indicating the bank has set aside to anticipate the impact of external factors as well as to comply with Bank Indonesia Regulation Number 15/12/PBI/2013

The Impact Analysis of Asean-Japan Comprehensive Economic Partnership (Ajcep) for Trade Flow and Economic Growth\u27s Convergence

Free Trade Area (FTA) between ASEAN and Japan, which is called ASEAN-Japan Comprehensive Economic Partnership (AJCEP), has been established since 2002 as goods and services flow gateway. AJCEP plays an important role to bring the development, economic security, and economic power. It can also boost the economic growth among member of ASEAN-Japan. The objectives of this research were to analyze the factors that can influence the ASEAN-Japan countries import with non-member, to analyze the occurrence of trade creation and trade diversion in trading sector among ASEAN-Japan countries with non-member, and to analyze the occurrence of economic growth\u27s convergence in ASEAN-Japan Comprehensive Economic Partnership (AJCEP) not only among ASEAN-Japan countries, but also with non-member trading partners. The Gravity Model was used to analyze import factors and observing the occurrence of trade creation or trade diversion. The GMM model was used to observe the convergence of economic growth. The research are used Panel data methods with periods 2000 until 2013 in 13 countries.The research found that the coefficient values in trade creation and trade diversion dummy were 0.92 and 31.41. The positive value in trade creation and trade diversion indicated the occurrence of trade creation in the import flow among ASEAN-Japan countries and non-member trading partners, as well as finding the convergence of economic growth among ASEAN-Japan countries. The convergence level was of 0.0153417 can be interpreted that the velocity to reach steady state condition was 2.00 percent per year with the assumption of ceteris paribus. The duration to reach convergence condition or half life of convergence was about 34 years. The research found the trade creation from AJCEP agreement and the occurrence of economic growth\u27s convergence. Based on the result, Indonesian government would likely to make relationships among countries member and non-member to invest in real sector that will boost economic growth in Indonesia

Constructing a Predicting Model for JCI Return Using Adaptive Network-based Fuzzy Inference System

The high price fluctuations in the stock market make an investment in this area relatively risky. However, higher risk levels are associated with the possibility of higher returns. Predicting models allows investors to avoid loss rate due to price fluctuations. This study uses the ANFIS (Adaptive Network-based Fuzzy Inference System) to predict the Jakarta Composite Index (JCI) return. Forecasting JCI movement is considered to be the most influential predictor, consisting of Indonesia real interest rate, real exchange rate, US real interest rate, and WTI crude oil price. The results of this study point out that the best model to predict JCI return is the ANFIS model with pi membership function. The predicting model shows that real exchange rate is the most influential factor to the JCI movement. This model is able to predict the trend direction of the JCI movement with an accuracy of 83.33 percent. This model also has better performance than the Vector Error Correction Model (VECM) based on RMSE value. The ANFIS performance is relatively satisfactory to allow investors to forecast the market direction. Thus, investors can immediately take preventive action towards any potential for turmoil in the stock market.JEL Classification: D13, I31, J22DOI: https://doi.org/10.26905/jkdp.v23i1.252