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PENGARUH VARIABEL EKONOMI DAN NON EKONOMI TERHADAP IMPOR INDONESIA DARI ASEAN+6 MELALUI MODA TRANSPORTASI LAUT Astari Ayuwangi; . Widyastutik
Buletin Ilmiah Litbang Perdagangan Vol 7 No 2 (2013)
Publisher : Trade Analysis and Development Agency, Ministry of Trade of Republic of Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (435.071 KB) | DOI: 10.30908/bilp.v7i2.115

Abstract

Selama periode tahun 2007-2011 impor Indonesia dari negara-negara ASEAN+6 didominasi oleh impor bahan baku dan bahan penolong. Faktor-faktor yang mempengaruhi dominannya impor Indonesia yang dimaksud, khususnya impor Indonesia yang diangkut melalui moda transportasi laut, merupakan tema utama tulisan ini. Variabel-variabel yang digunakan dalam analisis dengan menggunakan model gravity meliputi variabel ekonomi, yakni GDP per kapita ASEAN+6, GDP per kapita Indonesia, jarak ekonomi, nilai tukar riil, dan variabel non-ekonomi, yakni kualitas pelabuhan, stabilitas politik dan efektivitas pemerintahan Indonesia. Hasil estimasi dengan menggunakan pendekatan gravity model menunjukkan bahwa variabel yang secara signifikan berpengaruh positif pada impor Indonesia adalah GDP per kapita Indonesia dan kualitas pelabuhan Indonesia. Sedangkan variabel jarak ekonomi, nilai tukar riil, stabilitas politik dan efektivitas pemerintahan Indonesia secara signifikan berpengaruhnegatif. During 2007-2011, the Indonesia’s imports from the ASEAN+6 countries were dominated by the raw materials. The factors that influence volumes of the Indonesia’s imports, expecially which transported by sea transport mode, become the main topic of this research. The variables of the gravity model used in this research are economic variables, i.e. per capita GDP of ASEAN+6, Indonesia’s per capita GDP, economic distance, and real exchange rate, as well as non-economic variables such as Indonesia’s quality of sea port, political stability and government effectiveness. Estimation using the gravity model shows that the variables of Indonesia’s per capita GDP and Indonesia’s quality of sea ports significantly have positive influence on Indonesia’s imports, while the variables of economic distance, real exchange rate, political stability and government effectiveness significantly have negative influence. 
DAMPAK FDI VERTIKAL DAN HORIZONTAL TERHADAP NILAI TAMBAH 18 SUB SEKTOR INDUSTRI MAKANAN DOMESTIK Fitria Yuliani; Hermanto Siregar; Widyastutik; Amzul Rifin
Buletin Ilmiah Litbang Perdagangan Vol 13 No 2 (2019):
Publisher : Trade Analysis and Development Agency, Ministry of Trade of Republic of Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1059.849 KB) | DOI: 10.30908/bilp.v13i2.422

Abstract

Abstrak Untuk meningkatkan pertumbuhan ekonomi, Indonesia membutuhkan investasi asing langsung/Foreign Direct Investment (FDI) karena tingkat tabungan di Indonesia jauh lebih kecil dibandingkan kebutuhan investasi. FDI diyakini dapat meningkatkan nilai tambah suatu sektor atau industri. FDI terdiri dari dua jenis, yaitu FDI horizontal (intra industri) dan FDI vertikal (inter industri – dengan keterkaitan ke depan dan ke belakang). Penelitian ini bertujuan untuk mengetahui dampak FDI vertikal dan horizontal terhadap nilai tambah di 18 sub sektor industri makanan domestik. Dengan menggunakan metode estimasi fixed effect cross section SUR model dan random effect model, hasil penelitian menunjukkan FDI vertikal dengan keterkaitan ke belakang memberikan dampak paling besar terhadap nilai tambah perusahaan domestik dibandingkan FDI vertikal dengan keterkaitan ke depan dan horizontal. FDI vertikal dengan keterkaitan ke belakang berdampak positif terhadap nilai tambah perusahaan domestik dengan modal rendah dan padat tenaga kerja (padat karya). Oleh karena itu, investasi asing di industri makanan paling hilir, seperti industri minuman tidak beralkohol dan industri makanan lainnya perlu dibuka dengan persyaratan bagi investor asing melakukan kerja sama sub contracting dengan perusahaan domestik di industri makanan hulu. Kata kunci: Industri Makanan Domestik, FDI Horizontal, FDI Vertikal, Keterkaitan ke Belakang, Keterkaitan ke Depan, Nilai Tambah Abstract To boost its economic growth, Indonesia needs Foreign Direct Investment (FDI) since the national savings rate is relatively low compared to the high demand for investments. FDI has been proven to be able to enhance the value-added of a sector or industry. There are 2 types of FDI which are Horizontal FDI (intra-industry) and Vertical FDI (inter industry-with upstream and downstream linkages). This study aimed to analyze the impact of horizontal and vertical FDI on the value added to the 18 subsectors in the domestic food industry. By using the fixed-effect cross-section SUR and random effect model, the results showed that the vertical FDI on downstream linkages gives a more positive effect on value-added than vertical FDI on upstream linkages and horizontal FDI. The vertical FDI on downstream linkages gives a positive impact on local companies with a lower level of capital but higher labor (labor-intensive). Therefore, FDI on downstream linkages (for example other food industry, non-alcoholic beverages, etc) should be opened on conditions that it commits a sub-contracting cooperation with the domestic firms within the food processing industry in upstream sectors. Keywords: Domestic Food Industry, Downstream Linkages, Horizontal FDI, Vertical FDI, Upstream Linkages, Value Added JEL Classification: F21; E22; C23; O33
LIBERALISASI PERDAGANGAN SEKTOR JASA TRANSPORTASI UDARA ASEAN DAN ASEAN FTA PARTNERS: MODEL IC-IRTS CGE widyastutik
Buletin Ilmiah Litbang Perdagangan Vol 14 No 1 (2020):
Publisher : Trade Analysis and Development Agency, Ministry of Trade of Republic of Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1465.005 KB) | DOI: 10.30908/bilp.v14i1.435

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Abstrak Pertumbuhan populasi, peningkatan kesejahteraan ekonomi serta letak geografis Indonesia yang unik meningkatkan “kecenderungan untuk melakukan penerbangan”. Dengan pertimbangan tersebut, jasa transportasi udara merupakan sarana yang amat penting dan efisien dalam menghubungkan hampir 240 juta penduduk Indonesia, maupun penduduk di belahan dunia lainnya. Seperti pada sektor jasa lainnya, hambatan perdagangan di sektor jasa transportasi udara diimplementasikan melalui kebijakan pemerintah melalui berbagai regulasi. Hal ini menyebabkan berbagai regulasi menjadi penghambat karena regulasi tersebut meningkatkan biaya transaksi yang pada akhirnya dibebankan ke konsumen dalam bentuk harga jasa yang lebih tinggi. Penelitian ini bertujuan untuk (1) mengestimasi tarif ekuivalen dari NTBs dan (2) menganalisis dampak eliminasi hambatan regulasi di sektor jasa transportasi udara dalam lingkup ASEAN dan ASEAN FTA Partners. Dengan menggunakan model gravity, teridentifikasi bahwa hambatan perdagangan di jasa transportasi udara ASEAN dan ASEAN FTA Partners masih relatif tinggi yaitu antara 0 – 11.2%. Dengan menggunakan CGE model IC-IRTS, simulasi GTAP menunjukkan bahwa hasil penelitian ini konsisten dengan teori pro-kompetitif. Gain yang lebih besar diperoleh dari model CGE yang menggunakan asumsi IC-IRTS dibandingkan PC-CRTS. Dengan asumsi IC-IRTS, China memperoleh manfaat yang lebih besar yang diindikasikan dengan peningkatan kesejahteraan paling tinggi. Abstract Population growth, increased economic welfare, and Indonesia's unique geographical location increase the "tendency to travel by air transportation". Based on these conditions, air transport is a fundamental and efficient way to connect almost 240 million Indonesians, and people in other parts of the world. However, like other service sector, trade barriers in the air transportation service is implemented through government policies through regulations. This condition causes the regulations to be barriers because they increase transaction costs charged to consumers in the form of higher service prices. This study aims to (1) estimate the tax-equivalent of NTBs and (2) analyze the impact of eliminating regulatory barriers in the air transportation service within the scope of ASEAN and ASEAN FTA Partners. Using the gravity model, this study identifies that the trade barriers of air transportation services in ASEAN and ASEAN FTA Partners are still relatively high at between 0 - 11.2 percent. Using CGE's IC-IRTS model, GTAP simulation shows that the results of this study are consistent with pro-competitive theories. Greater gain is obtained from the CGE model, which uses the assumption of IC-IRTS compared to PC-CRTS. Assuming IC-IRTS, China will reap greater benefits as indicated by its highest increase in welfare. JEL Classification: F13, F15, F17
DIVERSIFIKASI EKSPOR NON MIGAS INDONESIA KE PASAR NON TRADISIONAL Hotsawadi Harahap; Widyastutik
Buletin Ilmiah Litbang Perdagangan Vol 14 No 2 (2020)
Publisher : Trade Analysis and Development Agency, Ministry of Trade of Republic of Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30908/bilp.v14i2.442

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Abstrak Penelitian ini bertujuan untuk menganalisis diversifikasi ekspor non migas Indonesia ke pasar non tradisional. Metode penelitian yang digunakan adalah analisis statistik deskriptif dengan pendekatan pengelompokan (clustering), Structural Match Index dan Demand Index, serta regresi data panel. Hasil penelitian menunjukkan bahwa negara yang diidentifikasikan sebagai negara non tradisional potensial adalah Brazil, Pantai Gading, Mesir, Georgia, Jamaica, Kazakhstan, Kuwait, Myanmar, Nigeria, Norway, Oman, Pakistan, Russian Federation, Trinidad and Tobago, Turkey, United Arab Emirates, dan Uruguay. Hasil regresi data panel menunjukkan bahwa Random Effect Model merupakan model yang terbaik untuk menjelaskan faktor-faktor yang memengaruhi ekspor non migas Indonesia ke negara non tradisional. Hasil regresi menunjukkan bahwa GDP riil negara tujuan, populasi negara tujuan, nilai tukar riil, FDI dan kualitas pelabuhan Indonesia berpengaruh signifikan secara statistik terhadap ekspor non migas Indonesia ke negara non tradisional potensial tersebut. Beberapa rekomendasi kebijakan yang perlu dilakukan untuk meningkatkan ekspor non migas ke negara tujuan non tradisional diantaranya perlu dilakukan intelejen pasar mengenai kebutuhan dan selera dari masing-masing negara non tradisional atas produk Indonesia, peningkatan kualitas pelabuhan Indonesia dan kebijakan tambahan yang memberikan insentif untuk menarik Foreign Direct Investment ke Indonesia. Kata Kunci: Diversifikasi Ekspor, Demand Index, Non traditional, Random Effect Model, Structural Match Index Abstract This study aims to analyze the diversification of Indonesia's non-oil and gas exports to non-traditional markets. The research method used is descriptive statistical analysis with a clustering approach, Structural Match Index and demand index, and panel data regression. The results showed that countries identified as potential non-traditional countries were Brazil, Ivory Coast, Egypt, Georgia, Jamaica, Kazakhstan, Kuwait, Myanmar, Nigeria, Norway, Oman, Pakistan, Russian Federation, Trinidad and Tobago, Turkey, United Arab Emirates, and Uruguay. The panel data regression results show that the random effect model is the best model to explain the factors that influence Indonesia's non-oil exports to non-traditional countries. The results show that the real GDP of the destination country, the population of the destination country, the real exchange rate, FDI and the quality of Indonesia's ports have a statistically significant effect on Indonesia's non-oil exports to these potential non-traditional countries. Then, in this study there are several policy recommendations that need to be done to increase non-oil and gas exports to non-traditional destination countries including market intelligence regarding the needs and tastes of each non-traditional country for Indonesian products, improving the quality of Indonesian ports and additional policies that provide incentives to attract Foreign Direct Investment to Indonesia. Keywords: Export Diversification, Demand Index, Non-traditional, Random Effect Model, Structural Match Index JEL Classifications: F13, F15, F18
MODEL BISNIS PENGEMBANGAN HILIRISASI BAWANG MERAH Diese Septia Gifarani; Farida Ratna Dewi; Widyastutik Widyastutik
JIMFE (Jurnal Ilmiah Manajemen Fakultas Ekonomi) Vol 8, No 1 (2022): Vol 8, No. 1 (2022)
Publisher : Universitas Pakuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1849.794 KB) | DOI: 10.34203/jimfe.v8i1.4877

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ABSTRAKTujuan penelitian ini adalah: (i) menganalisis kondisi internal dan eksternal; (ii) merumuskan rancangan model bisnis pengembangan hilirisasi bawang merah; serta (iii) mengidentifikasi strategi pengembangan hilirisasi bawang merah di PT Sinergi Brebes Inovatif (PT SBI). Penelitian dilakukan di PT Sinergi Brebes Inovatif (PT SBI) yang berlokasi di Brebes, Jawa Tengah.  Pengumpulan data dilakukan dengan melakukan wawancara dengan para responden baik dari internal PT SBI maupun pihak ekstrenal yang terkait. Metode analisis yang digunakan yaitu analisis deskriptif, business model canvas, dan analisis SWOT. Hasil penelitian menunjukkan bahwa masih ada segmen pasar yang berpotensi untuk PT. SBI. Implikasi penelitian ini menyarankan PT. SBI untuk melakukan research market ulang untuk meninjau kebutuhan konsumen,  menambah variasi produk inovatifnya, serta memperluas koneksi dengan perusahaan lain.ABSTRACTThe aims of this research are: (i) analyzing internal and external conditions; (ii) formulating a business model design for the development of downstream shallots; and (iii) identify a strategy for the development of downstream shallots at PT Sinergi Brebes Inovatif (PT SBI). The research was conducted at PT Sinergi Brebes Inovatif (PT SBI) located in Brebes, Central Java. Data were collected by conducting interviews with respondents both from internal PT SBI and related external parties. The analytical method used is descriptive analysis, business model canvas, and SWOT analysis. The results showed that there are still potential market segments for PT. SBI. The implications of this research suggest PT. SBI to conduct re-market research to review consumer needs, add a variety of innovative products, and expand connections with other companies.
Analisis Cost Benefit Pemupukan Berimbang Dalam Rangka Pemenuhan Unsur Hara Optimal: Pendekatan RIA: Institut Pertanian Bogor Widyastutik; Muhammad Firdaus; Mimin Aminah; Dian Verawati Panjaitan
JURNAL EKONOMI DAN KEBIJAKAN PEMBANGUNAN Vol 11 No 1 (2022): Jurnal Ekonomi dan Kebijakan Pembangunan
Publisher : IPB University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29244/jekp.11.1.2022.35-55

Abstract

The government prepares recommendations for optimal fertilization according to plant needs, optimum for increasing production, increasing fertilization efficiency, soil fertility, and avoiding environmental pollution. However, the condition of agricultural land in Indonesia shows an excess of P and K nutrients from NPK 15-15-15. As a result, the soil becomes saturated, wasteful, and import costs are high in the long term. For this reason, the government reformulated from NPK 15-15-15 to 15 10 12. So the purpose of this research is to find out the benefits and costs of changing this formulation using the RIA (Regulatory Impact Assessment) method with three scenarios. Based on calculating the benefits and costs of the NPK fertilizer formulation that provides the most benefits, scenario 3 uses the NPK 15 10 12 formula with straw immersion innovation and soil and plant test equipment. The total benefit obtained is Rp. 323,988,364.65. Straw as a source of Potassium (K), Silica (Si), and microelements and a source of energy for soil microorganisms are recommended to be returned to paddy fields to increase fertilization efficiency soil fertility, improve, and maintain soil health and environmental quality. The effectiveness of the reformulation policy of NPK 15 15 15 to NPK 15 10 12 needs to be supported by advocacy to farmers regarding the benefits that will be obtained when implementing balanced fertilizers to get optimal crop yields. Lessons from farmers who successfully buried straw that impact rice production and productivity must be disseminated to other farmers.
Determinan Nilai Tukar Nelayan Di Indonesia Dengan Pendekatan Geographically Weighted Panel Regression (GWPR) Miko Novri Amandra; Widyastutik Widyastutik; Nimmi Zulbainarni
Jurnal Sosial Ekonomi Kelautan dan Perikanan Vol 17, No 2 (2022): DESEMBER 2022
Publisher : Balai Besar Riset Sosial Eonomi Kelautan dan Perikanan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15578/jsekp.v17i2.10940

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Salah satu pendekatan dalam mengukur kesejahteraan nelayan adalah nilai tukar nelayan (NTN). NTN publikasi Badan Pusat Statistik (BPS) hanya mengukur daya beli nelayan sehingga perlu direformulasi dan dikoreksi berdasarkan pertumbuhan produksi dan tenaga kerja. Penelitian ini bertujuan untuk menganalisis pola spasial dan dependensi spasial serta menganalisis determinan NTN level nasional dan level provinsi. Analisis yang digunakan adalah indeks moran, diagram pencar moran, dan Geographically Weighted Panel Regression (GWPR). Data yang digunakan merupakan data dari 33 provinsi tahun 2015 hingga 2019. Hasil analisis menunjukkan bahwa NTN provinsi hasil reformulasi memiliki dependesi spasial dengan pola mengelompok. Provinsi yang berada di Kuadran III diagram pencar moran menjadi fokus pemerintah dalam pengambilan kebijakan. GWPR menunjukkan nilai produksi perikanan tangkap. Bantuan pemerintah dan tenaga kerja perikanan tangkap merupakan determinan NTN di semua provinsi. Kebijakan yang dapat dilakukan pemerintah, baik pusat maupun daerah adalah dengan mendorong program yang dapat meningkatkan produksi, ekspor, dan konsumsi perikanan tangkap. Tim Pengendalian Inflasi Pusat (TPIP) dan Tim Pengendalian Inflasi Daerah (TPID) harus memaksimalkan fungsinya terhadap pengendalian inflasi barang konsumsi di perdesaan. Pemerintah tetap mempertahankan kebijakan BBM bersubsidi bagi nelayan kecil, menjaga stabilitas harga ikan pada level nelayan dengan penguatan (Sistem Logistik Ikan Nasional) SLIN, mempercepat implementasi Sistem Resi Gudang (SRG) produk perikanan, dan meningkatkan infrastruktur yang mendukung pembangunan cold storage, terutama ketersediaan listrik. PT Perikanan Indonesia perlu memperluas cakupan wilayah bisnis dan meningkatkan perannya sebagai lembaga pengelola perikanan nasional.Title: Determinants of Fishers of Trade in Indonesia Using a Geographically Weighted Panel Regression (GWPR) Approach One approach in measuring fishers welfare is fishers of trade (FoT). The FoT published by Indonesian Central Bureau of Statistics (CBS) only measures the purchasing power of fishers. Therefore, it needs to be reformulated and corrected by growth in production and labor. This study aims to analyze spatial patterns and spatial dependencies as well as to analyze the determinants of FoT at the national and provincial levels. The analysis used is moran index, moran scatter plot, and Geographically Weighted Panel Regression (GWPR). Data used is data from 33 provinces from 2015 to 2019. The results of the analysis show that the FoT of the reformulated province has spatial dependencies with a clustered pattern. Provinces that are in Quadrant III of the scatter plots are the focus of the government in making policies. GWPR shows the value of capture fisheries production. Government assistance and labor of capture fisheries are the determinants of FoT in all provinces. Policies that can be carried out by the central and local governments are to encourage programs that can increase production, exports, and consumption of capture fisheries. Central inflation Control Team (CICT) and Local Inflastion Control Team (LICT) must maximize their function in controlling consumer goods inflation in rural areas. The government still maintains the policy of subsidized fuel for small fishers. The government must maintain the stability of fish prices at the fishers level by strengthening National Fish Logistic System (NFLS), accelerating the implementation of Warehouse Receipt System (WRS) fisheries products, improving infrastructure that supports cold storage development, especially the availability of electricity. PT Perikanan Indonesia needs to expand the scope of its business area and increase its role as a logistics agency for fisheries.
Analisis Daya Saing, Dinamika, dan Determinan Penawaran Ekspor Komoditas Unggulan Indonesia ke United Kingdom: Institut Pertanian Bogor Fasya Miftah Akbar; Widyastutik
JURNAL EKONOMI DAN KEBIJAKAN PEMBANGUNAN Vol. 11 No. 2 (2022): Jurnal Ekonomi dan Kebijakan Pembangunan
Publisher : IPB University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29244/jekp.11.2.2022.108-131

Abstract

The United Kingdom is an industrial and developed country that has the potential to become Indonesia's leading commodity export market. This study aims to analyze the competitiveness, dynamics, and determinants of Indonesia's superior commodity export offerings to the United Kingdom. This research method uses qualitative and quantitative approaches with RCA, EPD, x-model, and panel data regression analysis. There are ten main export commodities that have the highest RCA which is analyzed for their position and market development. So it was found that there were eight commodities that were in a falling star position with potential market development and two commodities were in a retreat position with less potential market development. The results of regression estimates show that real GDP per capita of Indonesia, export prices, population growth of Indonesia, and RCA have a significant effect on the value of Indonesian main export commodities to United Kingdom. Meanwhile, real GDP per capita of United Kingdom, economic distance and population growth of United Kingdom have no significant effect on the value of Indonesian main export commodities to United Kingdom.
Socio-Economic Impact of Financing Facility on Low-income Communities and Developers in Indonesia Widyastutik Widyastutik; Sri Retno Wahyu Nugraheni; Fahmi Salam Ahmad; Kurniawan Khristianto; Yenni Nur 'Aini
Signifikan: Jurnal Ilmu Ekonomi Vol 11, No 2 (2022)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/sjie.v11i2.26589

Abstract

Housing financing is one of the essential solutions to make it easier for people to access the need for livable houses. One of the subsidy schemes from the government is the Housing Financing Liquidity Facility (FLPP) by BLU PPDPP. This study focuses on the socio-economic impact of FLPP at the micro level for low-income communities (MBR) and developers. Two econometric approaches are used to analyze: one-way t-tests and linear regression analyses. The analysis results show the impact of FLPP on the micro level for MBR and developers provides a better improvement in welfare. The developer company that distributes FLPP has an increase in welfare from various aspects such as demand for housing units, company image, and company assets. For MBR, there are improvements in terms of income, education, health, work, and other supporting infrastructure.How to Cite:Widyastutik., Nugraheni, S. R. W., Ahmad, F. S., Khristianto, K., & Aini, Y. N. (2022). Socio-Economic Impact of Financing Facility on Low-Income Communities and Developers in Indonesia. Signifikan: Jurnal Ilmu Ekonomi, 11(2), 219-238. https://doi.org/10.15408/sjie.v11i2.26589.
The impact of oil price shocks on macroeconomic indicators: Evidence from four ASEAN countries Adawiya Taufani; Dedi Budiman Hakim; Widyastutik Widyastutik
Economic Journal of Emerging Markets Volume 14 Issue 2, 2022
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.vol14.iss2.art10

Abstract

Purpose ― This study examines the impact of oil price shocks on macroeconomic indicators, namely real GDP, real exchange rates, inflation, real interest rates, the balance of payments, and unemployment rates in four ASEAN countries, namely Brunei Darussalam, Malaysia, Indonesia, and Thailand. Methods ― This research uses a Vector Error Correction Model (VECM). The oil price variable in this study was divided into two, namely, the increase and decrease in oil prices based on the Mork transformation. Findings ― The analysis showed that the impact of price increases tended to encourage the economy of Brunei Darussalam and Malaysia. The shock of falling oil prices tended to cause a decline in the economy of Brunei Darussalam and Malaysia. The shock of rising prices tended to hamper the economies of Indonesia and Thailand. The shock of falling oil prices did not always positively impact the economy of the importing country, especially for the balance of payments. Implication ― These results show that price shocks will produce different economic responses. Understanding a country's macroeconomic framework is important before implementing effective policies. Originality ― These results expand the literature on the impact of oil price shocks on macroeconomic indicators in developing countries and small open economies, while studies related to macroeconomics generally focus on growth and inflation. This study also distinguishes oil price shocks into rising and falling oil price shocks using the Mork transformation.
Co-Authors . Hariyono A. Anditta A. Faroby Falatehan Abdul Kharis Almasyhari Adawiya Taufani Ahmad Zaenal Ashiqin Ahmad, Fahmi Salam Al Qodri, Muhammad Iqbal Alexandi, Muhammad Findi Alfian Helmi Almasyhari, Abdul Kharis Almuttaqin Almuttaqin Alqodri, Muhammad Iqbal Amandra, Miko Novri Aminah, Mimin Amzul Rifin Anditta, A. Arief Daryanto Arien Rosetika Arif Satria Arno Nugroho Astari Ayuwangi Bayu Krisnamurthi Biantara, I Dewa Gede Bagus Birka Septy Meliany Br Sembiring Bugi Biruloma Lagaida Bustanul Arifin Deden Djaenudin Dedi Budiman Hakim Dedi Budiman Hakim Dewi Sukmawati Dewi, Farida Ratna Dian Verawati Panjaitan Diese Septia Gifarani Djamester Simarmata Dominicus Savio Priyarsono Eisha Maghfiruha Rachbini Eka I. K. Putri Eka Intan Kumala Putri Eka Puspitawati Endang Sari Simanullang Erliza Noor Eva Anggraini Fadhilah, Muhammad Arief Fahmi A Salam Fajrian, Muhammad Aja Fasya Miftah Akbar Fikri Aldi Dwi Putro Fitria Yuliani Florika Malau Florika Malau Ghina Saarah Nibras Gumelar Adhimandala, Dwiki Cacala Guntur Riyanto Guntur Riyanto Hafid Raharjo Harahap, Hotsawadi Harianto Heny Daryanto Hermanto Siregar Heti Mulyati Hubbansyah, Aulia Keiko Ika Yulisyawati Inda Dwi Setiawati Indah Indra Putri, Dennis Iskandar Panjaitan Iskandar Panjaitan Iwan Hermawan Iwan Hermawan Kartika Rahma Sari Kuntoro, Eri Kurniawan Khristianto Kurniawan Khristianto Lagaida , Bugi Biruloma Lina Yanti Lisa Dwi Lestari Lukytawati Anggraeni Masbantar Sangadji Meidah Azhari Meliany, Birka Septy Miko Novri Amandra Muhammad Aja Fajrian Muhammad Fawaiq, Muhammad Muhammad Firdaus Muhammad Firdaus muhammad Firdaus Nadiah Hidayati Nia Kurniawati Hidayat Nia Kurniawati Hidayat, Nia Kurniawati Nia Puspita Sari, Nia Puspita Nimmi Zulbainarni Nisrina Rofifah Nugraheni, Sri Retno Wahyu Nunung Kusnadi Nunung Nuryartono Pini Wijayanti Prihartono, Rendy Putro, Fikri Aldi Dwi Raditya Anggoro Raharjo, Hafid Raiyatu Imadidin Ranti Wiliasih Reni Kristina Arianti Reni Kristina Arianti Reni Kristina Arianti Reny Andriyanty Rina Oktaviani Rina Oktaviani Rizal Rahman H. Teapon Rizky Savitri Sahara Salahuddin El Ayyubi Setyawati, Dewi Shabira, Citra Sri Amanda Fitriani Sri Hartoyo Sri Hartoyo Sri Mulatsih Sri Retno Wahyu Nugraheni Sri Retno Wahyu Nugraheni Suahasil Nazara Syamsiar, Syamsiar Syarifah Amaliah Syarifah Amaliah Syarifah Amaliah Toni Irawan Trian Maulana, Trian Ucik Indrawati Vadilaksono, Muhammad Ivan Yenni Nur 'Aini Yenni Nur’aini Youshy Fahreiza Yusman Syaukat Yusuf Yusuf