Verico, Kiki
Planning And Development Policy Program (MPKP), Faculty Of Economics And Business, Universitas Indonesia, Jakarta, Indonesia

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Role of Socioeconomic Uncertainty on Foreign Direct Investment (FDI) Inflows and Economic Growth in ASEAN Marasanti, Andi Tiara Putri; Verico, Kiki
JAS (Journal of ASEAN Studies) Vol. 11 No. 2 (2023): Journal of ASEAN Studies
Publisher : Centre for Business and Diplomatic Studies (CBDS) Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/jas.v11i2.8766

Abstract

The interconnectedness begins with active trade and foreign investment flowing to the host country, making the economies in the world integrated into one another. Unfortunately, the rise of interconnectedness has sky-rocketed uncertainty. Economists then build the considered socioeconomic index, namely the World Uncertainty Index (WUI). This research aims to determine whether such an index can affect Foreign Direct Investment (FDI) inwards and economic growth, especially in ASEAN. We use yearly data of FDI inflows, economic growth, and WUI as a proxy for the global level of domestic uncertainty, inflation, and real effective exchange rate from 2015 to 2019 for each ASEAN member state. We estimate a System Generalized Method of Moments (Sys-GMM) to see the dynamic relationship and the short- and long-run effect of the socioeconomic uncertainty proxies with respect to FDI inflows and economic growth. The results show that the uncertainty index with respect to FDI inflows and growth has been negative and significant. Meanwhile, only FDI inflows sensitively respond to socioeconomic uncertainty in the long run, despite the growth for ASEAN member state.
The Usage of Economic Position in Understanding Indonesia’s Economy and the Pandemic Effects Verico, Kiki
Jurnal Ikatan Sarjana Ekonomi Indonesia Vol 10 No 2 (2021): August
Publisher : Jurnal Ekonomi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52813/jei.v10i2.152

Abstract

Before the global pandemic hit the economy in 2020, Indonesia had experienced two contractions in 1963 and 1998. These contractions come with hyperinflation, while the recent contraction of 2020 has not. This paper attempts to analyse the C-19 pandemic 2020 effects on the economy, which generates contraction but has a low inflation rate. On the opposite, the Asian Financial Crises (AFC) of 1998 caused negative economic growth andskyrocketing inflation. This paper applied descriptive data analysis and showed that the AFC affected the aggregate supply while the pandemic impacted the aggregate demand. This paper offers the usage of the proportion of inflation rate and economic growth rate and the annual sectoral growth rate comparison to describe Indonesia’s economic position and the pandemic effects.
Global Value Chains (GVC) Pada Komoditi Primer dan Manufaktur: Studi ASEAN 6 Ingot, Steven Raja; Verico, Kiki
Cendekia Niaga Vol. 5 No. 1 (2021): Cendekia Niaga
Publisher : Pusat Pengembangan Kompetensi Aparatur Perdagangan

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Semakin rendahnya biaya perdagangan antar negara menyebabkan peningkatan kegiatan perdagangan dengan skema Global Value Chains (GVC) yang terbukti memberikan banyak manfaat bagi negara antara lain percepatan industrialisasi, transfer teknologi, penyerapan tenaga kerja dan peningkatan nilai tambah industri. Partisipasi dalam GVC terdiri dari dua komponen yakni forward participation dan backward participation dimana keduanya memiliki karakteristik yang berbeda. Penelitian ini bertujuan untuk mengidentifikasi apakah ekspor komoditi primer (karet dan CPO) negara ASEAN 6 berhubungan dengan partisipasi GVC forward dan ekspor komoditi manufaktur (elektronik dan otomotif) berhubungan dengan GVC backward serta mengeksplorasi faktor-faktor yang dapat mendorong partisipasi GVC. Studi ini menggunakan data panel dinamis dengan metode GMM dan menemukan bahwa ekspor komoditi primer berhubungan dengan GVC forward kecuali untuk produk CPO sedangkan ekspor komoditi manufaktur berhubungan dengan GVC backward. Peningkatan GDP berpengaruh negatif terhadap partisipasi GVC sehingga peningkatan produktivitas sangat diperlukan untuk mendorong partisipasi, sedangkan FDI yang masuk ke wilayah ASEAN 6 diindikasikan lebih kepada resource dan market seeking bukan network seeking. kualitas infrastuktur berhubungan positif dengan forward participation karena kualitas produk hasil sumber daya alam berpengaruh dari kualitas infrastruktur. Kualitas pembiayaan dalam negeri dan kualitas institusi perlindungan hukum atas hak kekayaan intelektual berhubungan dengan backward participation. Pemodalan juga sangat dibutuhkan oleh industri untuk mendukung kegiatan perdagangannya serta kualitas perlindungan atas hak kekayaan intelektual juga berhubungan positif dalam mendorong backward participation.
The Effect of Uncertainty on Inflation: Evidence in ASEAN Marasanti, Andi Tiara Putri; Verico, Kiki
Journal of Developing Economies Vol. 9 No. 1 (2024)
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jde.v9i1.48745

Abstract

This article examines the relationships between extreme poverty, economic growth, and inequality, assesses if changes in inequality dampen the impact of income on extreme poverty, and determines the magnitude of the inequality growth trade-off index in Costa Rica, the Dominican Republic, and Honduras. A country-specific ARDL bound regression was conducted. The findings indicate the presence of direct and indirect dampening impacts of changes in inequality on income growth and extreme poverty reduction. The magnitude of the inequality growth trade-off- index indicates whether to prioritize growth and/or inequality reducing policies. This means that the higher the inequality, as in Honduras, the higher the economic or average income growth rate required to compensate for the increase in inequality to achieve a given level of extreme poverty reduction. Accordingly, there is no one-size-fits-all policy approach to tackling extreme poverty.