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Kodifikasi dan Efektivitas Kebijakan Fiskal untuk Menurunkan Emisi Gas Rumah Kaca pada Industri Semen, Baja dan Pulp Haryanto, Joko Tri; Martawardaya, Berly
Jurnal Ilmu Sosial dan Ilmu Politik Vol 19, No 1 (2015): JULI
Publisher : Faculty of Social and Political Sciences, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22146/jsp.10858

Abstract

Kegiatan industri dikenal sebagai salah satu kontributor utama emisi gas rumah kaca (GRK).Sumber emisi GRK dari sektor industri meliputi input energi, masukan non-energi, proses industri dan limbah industri. Dengan demikian, sektor industri, tercatat sebagai salah satu sektor penting dalam Rencana Aksi Nasional (RAN) Penurunan Emisi GRK. Pelaksanaan aksi mitigasi di sektor industri jelas memerlukan kerangka peraturan yang tepat. Kombinasi yang tepat dari kebijakan dan instrumen fiskal yang diperlukan untuk mendorong pelaku industri menjadi aktif terlibat dalam upaya nasional untuk mengurangi emisi GRK di Indonesia. Permasalahannya, perlu adanya koordinasi peraturan yang terkait upaya penurunan emisi GRK sektor industri di masing masing Kementerian/Lembaga (K/L) yang terkait khususnya Peraturan Menteri keuangan (PMK dan Peraturan Menteri Perindustrian (Permen industri). Untuk itulah penelitian ini dilakukan dengan menggunakan kerangka analisis regulasi demi terciptanya koordinasi regulasi antara PMK dan Permen industri. Melalui mekanisme kodifikasi tersebut, diharapkan terjadi peningkatan efektivitas kebij akan fiskal untuk mengurangi emisi GRK di sektor industri.
Tourism and Economic Development in ASEAN 1998-2013 Umara Ardra; Berly Martawardaya
Economics and Finance in Indonesia Volume 63, Number 2, December 2017
Publisher : Institute for Economic and Social Research

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (211.272 KB) | DOI: 10.47291/efi.v63i2.571

Abstract

Many countries support government policies to encourage tourism sector, including ASEAN countries, due to an assumption that tourism contributes positively to GDP and poverty reduction. This study investigates that assumption, as well as the correlation between tourism and HDI, by applying panel data regression to eight ASEAN countries (Brunei Darussalam, Indonesia, Laos Singapore, Malaysia, Thailand, the Philippines, and Vietnam,) during 1998--2013. We found that the number of international tourist arrivals as a proxy variable for tourism have a significant and positive correlation with poverty reduction. Tourism is also proven to increase GDP per capita (albeit in a smaller magnitude) and increase HDI (in an even smaller scale). These findings confirmed our hypothesis on the positive effects of tourism. It is recommended that the tourist promotion is continued while studying the best practices to strategically develop the tourism sector in order to strengthen the positive correlation.
Does It Pay to be Good? The Performance of Indonesian Green Companies from 2009–2018 Ega Annisa Rizti; Berly Martawardaya
Economics and Finance in Indonesia Volume 68, Number 1, June 2022
Publisher : Institute for Economic and Social Research

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47291/efi.v68i1.844

Abstract

In Indonesia, KEHATI Sustainable and Responsible Investment (SRI) Index, hereafter referred to as SKI, aims to raise public awareness and help pro-environmental investors by selecting 25 highly rated public companies that adhere to the internationally accepted green business standard. This paper compared the financial performance of the companies listed in SKI and their counterparts between the period of January 2009 and December 2018 by predicting their future opening price of stock, comparing the performance of SKI to JKSE market index, and examining their financial performance using ROA and ROE as dependent variables. The findings suggest that being included in SKI is insignificant to the future opening price of stock. The index itself is found to be slightly more volatile than the market index, which is attributed by a previous study to SKI selection process lowering the chance for portfolio diversification and the volatility of the Indonesian market due to the financial crises. However, being included in the index positively affects both ROA and ROE, albeit small differences. Therefore, there is no significant difference between the financial performance of green companies in Indonesia and their counterparts.