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Journal : JURNAL ECONOMIA

Credit Expansion and Its Impact on Income Inequality of the Provinces in Indonesia Anhar Fauzan Priyono; Pipit Pitriyan; Heriyaldi Heriyaldi; Indra Maipita
Jurnal Economia Vol 15, No 1: April 2019
Publisher : Faculty of Economics Universitas Negeri Yogyakarta in collaboration with the Institute for

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (574.591 KB) | DOI: 10.21831/economia.v15i1.23710

Abstract

AbstractThis research aims to study the determinants of income inequality at the provincial level in Indonesia, through observing MSMEs credit, government expenditure of education and health, school participation rate, and unemployment rate. We employed Fixed effect panel data, implementing Panel Corrected Standard Error (PCSE) and found that MSMEs credit, government expenditure on education, and school participation rate are significant in reducing income inequality. On the other hand, unemployment has been proven to have a positive impact on income inequality. However, implementation of National Health Insurance, relative to our period of observation, makes the result of government expenditure on health requires further analysis. Empirical result found that the increase in credit distribution to the MSME sector can reduce the level of income inequality and highest to lowest income ratio, on average in each province in Indonesia. The government is expected to focus on education and health budget to improve the community's quality of life.  Keywords: Gini Index, Government Expenditure, Highest to Lowest Income Ratio, MSMEs credit expansion, Panel dataEkspansi Kredit dan Dampaknya terhadap Ketimpangan Pendapatan pada Provinsi di IndonesiaAbstrakPenelitian ini bertujuan untuk mempelajari faktor-faktor yang memengaruhi ketimpangan pendapatan di tingkat provinsi di Indonesia, dengan mengamati kredit UMKM, pengeluaran pemerintah untuk pendidikan dan kesehatan, tingkat partisipasi sekolah, dan tingkat pengangguran. Dengan memanfaatkan pendekatan Fixed Effect dengan Panel Corrected Standard Error (PCSE), ditemukan bahwa kredit UMKM, pengeluaran pemerintah untuk pendidikan, dan tingkat partisipasi sekolah secara signifikan mampu mengurangi ketimpangan pendapatan. Di sisi lain, pengangguran terbukti memiliki dampak positif pada ketimpangan pendapatan. Namun, penerapan Jaminan Kesehatan Nasional, relatif terhadap periode pengamatan kami, membuat hasil pengeluaran pemerintah untuk kesehatan memerlukan analisis lebih lanjut. Di lain pihak, ditemukan bahwa peningkatan distribusi kredit ke sektor UMKM dapat mengurangi tingkat ketimpangan pendapatan dan rasio pendapatan tertinggi hingga terendah, rata-rata di setiap provinsi di Indonesia. Pemerintah diharapkan fokus pada anggaran pendidikan dan kesehatan untuk meningkatkan kualitas hidup masyarakat. Kata Kunci: indeks Gini, pengeluaran pemerintah, highest to lowest income ratio, UMKM, ekspansi kredit
Determinants of Current Account Balance in ASEAN+6 Dewi Purnama; Budiono Budiono; Anhar Fauzan Priyono
Jurnal Economia Vol 17, No 2: October 2021
Publisher : Faculty of Economics Universitas Negeri Yogyakarta in collaboration with the Institute for

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (14.569 KB) | DOI: 10.21831/economia.v17i2.29043

Abstract

Abstract: The phenomenon of global current account imbalance has made researchers and policy makers provide more attention on current account issues. This phenomenon is illustrated by the US' current account deficit which continues to increase, while ASEAN+6 reaps a surplus. This study aims to study the factors that affect the aggregate current account in ASEAN+6 that have not been explained by previous studies. Based on the dynamic panel model (GMM) used, it was found that the variables Lagged-current account, ToT, Exchange Rate Stability, and Household Consumption have a significant effect on the aggregate current account in ASEAN+6. On the other hand, the REER and Government Expenditures do not have a significant effect on the ASEAN+6 current account. The benefit of this research is that it can be used for the formulation of current account policies to minimize the government's efforts to overcome a bigger issue: imbalance in balance of payment.Keywords: Current account balance, Generalized Method of Moment, ASEAN+6 Determinan Neraca Transaksi Berjalan di ASEAN+6Abstrak: Fenomena ketidakseimbangan transaksi berjalan global telah membuat para peneliti dan pembuat kebijakan memberikan perhatian lebih pada masalah transaksi berjalan. Fenomena ini tergambar dari defisit transaksi berjalan AS yang terus meningkat, sedangkan ASEAN+6 menuai surplus. Penelitian ini bertujuan untuk mempelajari faktor-faktor yang mempengaruhi neraca transaksi berjalan agregat di ASEAN+6 yang belum dijelaskan oleh penelitian-penelitian sebelumnya. Berdasarkan model panel dinamis (GMM) yang digunakan, ditemukan bahwa variabel Lagged-current account, ToT, Exchange Rate Stability, dan Household Consumption berpengaruh signifikan terhadap agregat current account di ASEAN+6. Di sisi lain, REER dan Belanja Pemerintah tidak berpengaruh signifikan terhadap transaksi berjalan ASEAN+6. Manfaat dari penelitian ini adalah dapat digunakan untuk perumusan kebijakan transaksi berjalan untuk meminimalkan upaya pemerintah mengatasi masalah yang lebih besar: ketidakseimbangan neraca pembayaran.Kata kunci: Neraca transaksi berjalan, Generalized Method of Moment, ASEAN+6