Articles
<![CDATA[Monetary Policy, Foreign Interest Rate impact on Indonesian Bank Credit ]]>
<![CDATA[Dawood, Taufiq Carnegie]]>
<![CDATA[ JEJAK: Jurnal Ekonomi dan Kebijakan Vol 11, No 2 (2018): September 2018 ]]>
Publisher : <![CDATA[Universitas Negeri Semarang ]]>
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DOI: 10.15294/jejak.v11i2.16056
<![CDATA[This study adds to the economic knowledge by presenting proof based on data for Indonesia, on the consequence to credit provided by domestic banks, due to changes of monetary policy and foreign rates of interest. The subject matter is important for Indonesia because about 88 percent of its overall financing to the private sector in Indonesia are provided by domestic banks through credit channels. Consequently fluctuations of bank credit have significant impact on Indonesia’s financial system’s stability. Applying the Structural VAR method, the current study found that credit channeled by domestic banks in Indonesia are influenced by both rates of interest from abroad and the policy stance of Bank Indonesia. In addition it is found that foreign rates of interest effects bank credit negatively, but turns positive after 12 months. While a monetary contractionary monetary stance by Bank Indonesia decreases the quantity of credit provided by banks. These results underscores the limitation of monetary policy in managing bank credit growth. This results also underlines the need of Bank Indonesia to take into account the impact of foreign interest rates in conducting macro-prudential policies in overseeing credit growth to promote financial stability in Indonesia.]]>
<![CDATA[Foreign Interest Rate, Monetary Policy and Bank Credit ]]>
<![CDATA[Dawood, Taufiq Carnegie]]>
<![CDATA[ Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 19, No 2 (2018): JEP 2018 ]]>
Publisher : <![CDATA[Muhammadiyah University Press ]]>
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DOI: 10.23917/jep.v19i2.5244
<![CDATA[This paper concluded that domestic credit provided by banks in home country is affected by interest rates from abroad. And its effect on credit depends on the intensity of the foreign shock’s influence towards income in contrast to cost from interest in the balance sheet of banks of the home country. Conversely, a monetary contraction reduces the amount of credit provision by bank, with a delayed response (lag).And both monetary policy of home country and interest rate of abroad gives important effect on the provision of domestic credit. ]]>
<![CDATA[Asymmetrical Exchange Rates Effect on Indonesia's Trade Balance in Tourism ]]>
<![CDATA[Maulana, Akbar]]>;
<![CDATA[Dawood, Taufiq Carnegie]]>;
<![CDATA[Zulham, Teuku]]>
<![CDATA[ JEJAK: Jurnal Ekonomi dan Kebijakan Vol 14, No 1 (2021): March 2021 ]]>
Publisher : <![CDATA[Universitas Negeri Semarang ]]>
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DOI: 10.15294/jejak.v14i1.27234
<![CDATA[The main objective of this research is to analyze the effect of depreciation and real exchange rate appreciation on Indonesia's tourism trade balance bilaterally against Australia, China, Japan, Malaysia, and Singapore. Such analysis on bilateral relations have never been studied for developing markets countries, namely Indonesia. This study uses a linear ARDL approach and a nonlinear ARDL approach with the dependent variable on the tourism trade balance and the real exchange rate as independent variables. Income, foreign direct investment (FDI), and natural disasters as control variables. The empirical results show that Chinese and Japanese tourists respond positively to the depreciation in the real currency rate of exchange, thereby increasing Indonesia's tourism trade balance. Nonlinear ARDL shows that the relation concerning the real rate of exchange plus the balance of trade is non-symmetrical with respect to China and Japan, while Australia, Malaysia, and Singapore are symmetrical. These results suggest that the government should formulate policies to increase tourist visits from China and Japan. Further empirical results also found a J-curve pattern in Indonesia-China and Indonesia-Japan.]]>
<![CDATA[PENGARUH SUKU BUNGA, PRODUK DOMESTIK BRUTO DAN NILAI TUKAR TERHADAP EKSPOR DI INDONESIA ]]>
<![CDATA[Okta Rabiana Risma]]>;
<![CDATA[T. Zulham]]>;
<![CDATA[Taufiq C. Dawood]]>
<![CDATA[ Jurnal Perspektif Ekonomi Darussalam (Darussalam Journal of Economic Perspec Vol 4, No 2 (2018): Jurnal Perspektif Ekonomi Darussalam ]]>
Publisher : <![CDATA[Program Studi Ekonomi Islam, Fakultas Ekonomi dan Bisnis - Universitas Syiah Kuala ]]>
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DOI: 10.24815/jped.v4i2.13027
<![CDATA[This research aims to analyze the level of exports in Indonesia by using Time Series data from the year 1990 to 2015 against a variable interest rate loands, gross domestic product, and the exchange rate. Methods of analysis used i.e, Auto Regressive Distributed Lagged (ARDL). The results showed that the three variables have no Granger which is caused by the difference of the order on the test stasioner. Based on a test of wald for the short term that gained and the long-term gross domestic product, exchange rates and interest rates significantly influential credit toward export.Keywords:ARDL, export, interest rate loands, gross domestic product, exchange rates.AbstrakPenelitian ini bertujuan untuk menganalisis tingkat ekspor di Indonesia dengan menggunakan data Time Series dari tahun 1990 sampai 2015 terhadap variabel suku bunga kredit, produk domestik bruto, dan nilai tukar. Metode analisis yang digunakan yaitu AutoRegressive Distributed Lagged (ARDL).Hasil penelitian menunjukkan bahwa ketiga variabel tidak memiliki kointegrasi yang disebabkan oleh perbedaan ordo pada uji stasionernya. Berdasarkan uji wald didapat bahwa untuk jangka pendek dan jangka panjang produk domestik bruto, nilai tukar dan suku bunga kredit berpengaruh secara signifikan terhadap ekspor.]]>
<![CDATA[PENGARUH TENAGA KERJA INDONESIA DI LUAR NEGERI DAN REMITANSI TERHADAP PDB PER KAPITA DI INDONESIA ]]>
<![CDATA[Ade Eka Afriska]]>;
<![CDATA[T. Zulham]]>;
<![CDATA[Taufiq C. Dawood]]>
<![CDATA[ Jurnal Perspektif Ekonomi Darussalam (Darussalam Journal of Economic Perspec Vol 4, No 2 (2018): Jurnal Perspektif Ekonomi Darussalam ]]>
Publisher : <![CDATA[Program Studi Ekonomi Islam, Fakultas Ekonomi dan Bisnis - Universitas Syiah Kuala ]]>
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DOI: 10.24815/jped.v4i2.12947
<![CDATA[Money transfer or remittances is one of the main sources of international finance that sometimes exceed the flow of foreign direct investment. This research aims to observe the influence of TKI and the remittance to GDP per Capita in Indonesia by using time series data from the years 1990-2016. Method of the research used Autoregressive Distributed Lagged (ARDL). In Indonesia, the money transfer (remittance) is second after oil and gas (state budget sources or APBN). The result showed that the TKI and positive and significant influential remmitance to GDP per capita Indonesia. Although GDP per capita increased Indonesia result of remittance, but government should increase employment in Indonesia so that Indonesia does not labor must fight and workabroad.Keywords: Remittance, TKI, GDP Per capita, the ARDL.AbstrakPengiriman uang (remitansi) merupakan salah satu sumber keuangan internasional utama yang terkadang melebihi arus investasi langsung asing. Penelitian ini bertujuan untuk mengamati pengaruh TKI dan remitansi terhadap PDB Per Kapita di Indonesia dengan menggunakan data time series dari tahun 1990-2016. Metode analisis yang digunakan yaitu Autoregressive DistributedLagged (ARDL). Di Indonesia, pengiriman uang (remitansi) merupakan sumber APBN kedua setelah Migas. Hasil penelitian menunjukkan bahwa TKI dan remitansi berpengaruh positif dan signifikan terhadap PDB per kapita Indonesia. Meskipun PDB per Kapita Indonesia meningkat akibat dari remitansi, akan tetapi pemerintah harus meningkatkan lapangan pekerjaan di Indonesia agar tenaga kerja Indonesia tidak harus berjuang dan bekerja di luar negeri]]>
<![CDATA[Investigating wage bargaining power, wage inequality and industrial structure in Indonesia ]]>
<![CDATA[Sofyan Syahnur]]>;
<![CDATA[Marwan Marwan]]>;
<![CDATA[Said Munzir]]>;
<![CDATA[Hizir Hizir]]>;
<![CDATA[Taufiq C. Dawood]]>
<![CDATA[ Economic Journal of Emerging Markets Volume 11 Issue 2, 2019 ]]>
Publisher : <![CDATA[Universitas Islam Indonesia ]]>
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DOI: 10.20885/ejem.vol11.iss2.art4
<![CDATA[This study investigates the bargaining power of labor over wages and the wage inequality among industries based on the industrial structure in Indonesia. It uses a panel data model and secondary data from 2008-2015. This study argues that wage inequality really matters among the industries and tends to enlarge among them despite the existence of the bargaining power of labor over wage. Findings/Originality: The labor bargaining power over wage in Large and Medium Industries still has greater probability to be increased compared to that in Small and Micro Industries. It implies that the wage inequality still matters in the labor market, particularly in the three industrial groups, and tends to enlarge among them. Government has to take care seriously on the industrial structure with regard to wage bargaining power of labor and particularly wage inequality. Moreover, the government should promote fair wage levels between industries and labor of each industrial classification, particularly in developing countries.]]>
<![CDATA[PENGARUH URBANISASI, PERTUMBUHAN PDB SEKTOR INDUSTRI DAN PERTUMBUHAN PDB SEKTOR TRANSPORTASI TERHADAP POLUSI LINGKUNGAN DI INDONESIA ]]>
<![CDATA[Nur Phazillah Helda]]>;
<![CDATA[Abd. Jamal]]>;
<![CDATA[Taufiq C. Dawood]]>
<![CDATA[ Jurnal Ekonomi dan Kebijakan Publik Indonesia Vol 5, No 2 (2018): November 2018 ]]>
Publisher : <![CDATA[Syiah Kuala University ]]>
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<![CDATA[AbstractThis study analyze the effect of urbanization,GDP growth of industrial sector and GDP growth oftransportation sector on environmental pollution inIndonesia. It employed Autoregressive Distributed Lag(ARDL) model on annual time series data from 1994 to2016. Results found that there is a short-term and longtermrelationship between research variables.Furthermore, in the long term variables urbanizationand GDP growth of transportation sector are affectingthe environmental pollution in Indonesia positively andsignificantly. The GDP growth of industrial sector alsohas positive but not significant effect both in long termand short term. Based on these results the studyrecommends that environmental pollution should bediminished by strengthening the transmigrationprogram and creating public green space in urbanenvironments. The study also stressed the importance ofgreen economy policies so that the GDP growth may beincreased without hurt the environment.]]>
<![CDATA[Monetary policy rules and economic fluctuations ]]>
<![CDATA[Taufiq Carnegie Dawood]]>
<![CDATA[ Proceedings of AICS - Social Sciences Vol 7 (2017): 7th AIC in conjuction ICMR 2017 Universitas Syiah Kuala October 2017 ]]>
Publisher : <![CDATA[Proceedings of AICS - Social Sciences ]]>
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<![CDATA[This paper found, for economies with high unhedged foreign borrowing, different monetary rules has produced differences in dynamics. In particular policy rules which place large weights on stability of the exchange rate, amplifies macroeconomic variables fluctuations. This underscores importance for caution of intervening in the exchange rate markets for economies with high percentage of unhedged foreign debt. ]]>
<![CDATA[Foreign Interest Rate, Monetary Policy and Bank Credit ]]>
<![CDATA[Taufiq Carnegie Dawood]]>
<![CDATA[ Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 19, No 2 (2018): JEP 2018 ]]>
Publisher : <![CDATA[Muhammadiyah University Press ]]>
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DOI: 10.23917/jep.v19i2.5244
<![CDATA[This paper concluded that domestic credit provided by banks in home country is affected by interest rates from abroad. And its effect on credit depends on the intensity of the foreign shock’s influence towards income in contrast to cost from interest in the balance sheet of banks of the home country. Conversely, a monetary contraction reduces the amount of credit provision by bank, with a delayed response (lag).And both monetary policy of home country and interest rate of abroad gives important effect on the provision of domestic credit. ]]>
<![CDATA[Indonesian Export Analysis: Autoregressive Distributed Lag (ARDL) Model Approach ]]>
<![CDATA[Syarifah Labibah]]>;
<![CDATA[Abd. Jamal]]>;
<![CDATA[Taufiq C. Dawood]]>
<![CDATA[ Journal of Economics, Business, & Accountancy Ventura Vol 23, No 3 (2020): December 2020 - March 2021 ]]>
Publisher : <![CDATA[Universitas Hayam Wuruk Perbanas ]]>
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DOI: 10.14414/jebav.v23i3.1668
<![CDATA[There are some factors predicted tohave an effect on the countries’ economic devlopment. This study aimed to analyze the long-term and short-term effects of In-flation, Exchange Rate, and Foreign Economic Growth (the destination of the United States, China, and Japan) on the Indonesian Export. The Auto-Regressive Distributed Lag (ARDL) Model is used in this analysis from 1968 through 2017. The results of the analysis show that in the long-term, the inflation and the economic growth in China as well in Japan has a positive sign and significant effect on Indonesian exports. In addition, in the short-term, the US exchange rate and economic growth have a positive significant effect on Indonesian exports.]]>
